By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CryptoCommunityCryptoCommunity
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • BTC
  • ETH
  • USDT
  • USDC
  • BNB
  • BUSD
  • ADA
  • XRP
  • SOL
  • DOGE
  • DOT
  • MATIC
Reading: How This Crypto Notched A 60% Rally In This Area – Find Out Here
Share
Aa
CryptoCommunityCryptoCommunity
Aa
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
CryptoCommunity > Blog > crypto > How This Crypto Notched A 60% Rally In This Area – Find Out Here
crypto

How This Crypto Notched A 60% Rally In This Area – Find Out Here

admin Published October 9, 2022
Last updated: 2022/10/09 at 8:52 PM
Share
SHARE

[ad_1]

Crypto assets have different utilities, but at the end of the day, their performance will be evaluated by their trading price, volume and total market capitalization.

Contents
MATIC Performs Well In Dapps AreaCrypto Continues To Struggle Amid Milestone

That is perhaps the lesson that was reminded to the Polygon network and its native cryptocurrency MATIC, which continues to decline after attaining its all-time high just 10 months ago.

The 14th largest crypto by market cap, according to Coingecko, is trading at $0.813 as of this writing. It has been down by 1.6% for the last 24 hours but is still sitting on a 6.2% gain over past seven days.

While still far from the ATH of $2.92 which the crypto hit on December 27, 2021, the asset is among those that are on the green as the digital currency market prepares for the tail-end of 2022.

MATIC Performs Well In Dapps Area

Recently, Polygon released a report that supposedly contained one of the significant accomplishments of the network for the year 2022.

This pertains to the unprecedented growth in terms of the number of Decentralized Applications (Dapps) that are built on the Polygon chain, which reached the 53K mark at the end of the third quarter of this year.

The number is three times bigger than the one tallied by Polygon on March of this year and 60% higher than the total for the entire second quarter.

The creator of the MATIC crypto has every reason to celebrate such feat, considering Dapps are often built into the Ethereum network.

One potential reason for this surge is the recent partnership of Polygon with Starbucks, Robinhood and Nothing.

Crypto Continues To Struggle Amid Milestone

While the Polygon network enjoys its success in the Dapps arena, its crypto is not looking so good right now according to some metrics.

MATIC’s 24-hour trading volume as of this writing is $271.58 million after falling by 6.86%. The crypto is also witnessing a drop in its one-day circulation data.

On October 3, the digital asset recorded 117.36 million circulating supply. That number dwindled significantly to just 869,000 at press time.

Addresses for the crypto also decreased, from 2,747 to 2,407, although the decline seems to be insignificant.

Negativity just seems to keep on piling for MATIC, as its social volume is also on a downward trend, indicating the crypto community is not that enthusiastic with the asset’s future.

The token is currently sitting on an almost-insignificant social dominance of 0.023%, several steps behind the 1.589% it tallied on September 21, 2022.

MATIC total market cap at $7.21 billion | Featured image from The Daily Hodl, Chart: TradingView.com

[ad_2]

You Might Also Like

How to earn bitcoins fast

How to Tell If a Cryptocurrency is a Scam or Not

Tips to Avoid Losing In Cryptocurrency Trading

How to Sell Products Online with Bitcoins – The Ultimate Guide

Get a Cryptocurrency Trader Certification to Get Ready For The Big Game!

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin October 9, 2022
Share this Article
Facebook TwitterEmail Print
Share
Previous Article Dragonfly GP talks web3’s current and future state at TC Sessions: Crypto
Next Article Is the RPA market in trouble?

Latest News

earn bitcoins fast
How to earn bitcoins fast
crypto
Cryptocurrency is a Scam or Not
How to Tell If a Cryptocurrency is a Scam or Not
crypto
Losing In Cryptocurrency Trading
Tips to Avoid Losing In Cryptocurrency Trading
crypto
Sell Products Online with Bitcoins
How to Sell Products Online with Bitcoins – The Ultimate Guide
crypto

You Might also Like

earn bitcoins fast
crypto

How to earn bitcoins fast

4 Min Read
Cryptocurrency is a Scam or Not
crypto

How to Tell If a Cryptocurrency is a Scam or Not

8 Min Read
Losing In Cryptocurrency Trading
crypto

Tips to Avoid Losing In Cryptocurrency Trading

6 Min Read
Sell Products Online with Bitcoins
crypto

How to Sell Products Online with Bitcoins – The Ultimate Guide

5 Min Read

Crypto Community

  • Home
  • Crypto Calculator
  • Blog
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions

Real time Cryptocurrency

  • Crypto Prices
  • Dogecoin price
  • Shibainu coin price
  • Bitcoin Price
  • Cardano Price
  • Litecoins Price

Cryptocurrency Price USD

  • Bitcoin price USD
  • Ethereum price USD
  • Tether price USD
  • BNB Price USD
  • Cardano Price USD
  • Solana Price USD
  • Peps coin Price USD
  • floki inu Price USD
  • SIA coin Price USD
CryptoCommunityCryptoCommunity
Follow US

© 2022 Cryptos Community All Rights Reserved. All logos and images used on this website are registered trademarks of their respective companies. All Rights Reserved. Cryptos Community is not liable for inaccuracies, errors, or omissions found herein. For the removal of copyrighted images, trademarks, or other issues, Contact Us. 


Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?