News Formal

Assessing if MATIC can defend Polygon in Solana market value flip

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 68%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Polygon reclaimed the number 10 spot after Solana briefly positioned there as its market cap surpassed $9 billion. MATIC could continue in the green direction irrespective of the PoS hardfork. Polygon [MATIC] displaced Solana [SOL] off the 10th position on the market capitalization standings according to information from CoinMarketCap. The ousting happened despite SOL recording […]

. The ousting happened despite SOL recording more than two times MATIC’s gains in the last seven days.

At press time, it was up there at 13.48. The hike may, however, not be astonishing especially as the Polygon Proof-of-Stake Additionally, MATIC investors have been beneficiaries of immense market profitability based on the Market Value to Realized Value ratio trend. The MVRV ratio helps to assess periods of extreme investors’ unrealized profit and loss.

With both collections ready to switch sides, it could be possible that Polygon remains ahead of Solana. Despite the possibility, will MATIC be able to sustain the greens?

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Solana’s DEX market booms: Can SOL overcome bearish trends in 2023?Solana DEX wallets increase by 83% over the last year. Despite TVL’s decline, Solana NFT market and revenue see growth. According to new data presented by Delphi Digital, it was observed that the number of DEX wallets on the Solana network grew tremendously over the last year. Well, to quantify, it grew by 83% since […]
Source: CryptoAmb - 🏆 22. / 68 Read more »