Future

Momentum

Polygon

Gains

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/polygon-gains-momentum-and-reenters-top-20-cryptocurrencies/" data-wpel-link="internal">Polygon Gains Momentum and Reenters Top 20 Cryptocurrencies</a><br></p>
<p style="text-align: justify">Polygon, a significant player among Layer-2 blockchain networks, was performing at its peak about two years ago. However, after this period, a significant decline began, and today it operates in a completely different scenario. After being among the top 20 cryptocurrencies for a long time and then falling out of this level, Polygon has recently reentered the top 20 with a market value exceeding $5.3 billion. MATIC has surpassed Litecoin and many other popular cryptocurrencies and is currently ranked 19th.</p> 
<h2 style="text-align: justify" id="polygon-matic-comments">Polygon (MATIC) Comments</h2> 
<p style="text-align: justify">Looking back, Polygon (MATIC) showed its best performance on December 27, 2021. On this date, the price reached an all-time high of $2.92. However, the lack of significant upward movement since then has raised many questions.</p> 
<p style="text-align: justify">On the other hand, in the past seven days, parallel to the market news flow, MATIC’s price performance has been quite promising, reaching $0.5511, the highest level in a month. It is currently trading at $0.5473 after a 33% fluctuation. Meanwhile, the fear and greed index, which reflects <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>‘ sentiments, shows neutrality for MATIC, indicating slow movement despite one of the highest market fluctuations currently.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-382955" src="https://coin-turk.com/wp-content/uploads/2024/08/matic-usdt-coin-turk-com.png" alt="" width="1835" height="883"></p> 
<h2 style="text-align: justify" id="the-future-of-polygon-matic">The Future of Polygon (MATIC)</h2> 
<p style="text-align: justify"><a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">Significant developments</a> are also happening on the Polygon front. Recently, it seems another one will be added to these. Now, attention is on MATIC’s transition to POL, a major innovation initiative aimed at increasing liquidity and usability, which also affects whale activities. This transition is expected to support the asset in gaining a new appearance or rebranding and contribute to its market demand.</p> 
<p style="text-align: justify">Additionally, <a href="https://en.coin-turk.com/binance-ceo-responds-to-allegations-in-cryptocurrency-lawsuit/" data-wpel-link="internal">Binance</a> and Coinbase, two of the world’s most popular crypto exchanges, have announced their support for MATIC’s transition to POL, which has led to a rise in Polygon’s price.</p> 
<p style="text-align: justify">Market analysts suggest that if conditions continue as they are, a price movement towards $0.7 could occur. If Polygon’s price surpasses the resistance at $0.5545, it may gain upward momentum again.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/polygon-gains-momentum-and-reenters-top-20-cryptocurrencies/" data-wpel-link="internal">Polygon Gains Momentum and Reenters Top 20 Cryptocurrencies</a></h5>
<p>The post <a href="https://en.coin-turk.com/polygon-gains-momentum-and-reenters-top-20-cryptocurrencies/" data-wpel-link="internal">Polygon Gains Momentum and Reenters Top 20 Cryptocurrencies</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Polygon Gains Momentum and Reenters Top 20 Cryptocurrencies

Table of Contents

COINTURK NEWS

Other articles published on Aug 24, 2024

JPMorgan’s $74B Bitcoin Mining Projection

Court Denies Kraken's Motion to Dismiss US SEC Lawsuit

New Cryptocurrency Releases, Listings, & Presales Today – TNA Protocol, XBorg, LC.Link

Coinbase CEO Brian Armstrong launches wallet address score platform

Bitmain Launches Spot Sale of ANTMINER S19 Pro++

Top Cryptos To Buy Next Week For A 2X Rally!!

Join our free newsletter for daily crypto updates!