Assessing if MATIC can defend Polygon in Solana market value flip

📆 16/01/2023 19:33:00
📰 CryptoAmb

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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?

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