coinedition.com
Like most of the top 10 cryptocurrencies, Polygon (MATIC) is in the green for today. Data from the crypto market tracking website CoinMarketCap indicates that MATIC is currently worth $0.9276 after a 1.51% increase in price over the last day. The altcoin was also able to reach a high of $0.9486 and a low of $0.912 over the same time period.
The last few days have been good to MATIC as the crypto is in the green by more than 8% over the last week. MATIC was also able to strengthen against the two biggest cryptos in the market, Bitcoin (BTC) and Ethereum (ETH), by about 1.19% and 0.57% respectively.
MATIC’s 24 hour trading volume, however, is in the red and currently stands at $332,756,311 after a more than 21% drop over the last day.
With its market cap standing at $8,096,345,989, MATIC rounds off the top 10 biggest cryptocurrencies in the market. This places the altcoin right behind Cardano (ADA) in the 9th spot and in front of Polkadot (DOT) in the 11th.
The well known crypto traders and analyst, Michael van de Poppe, shared in a Tweet he posted on December 2 that he believes that MATIC is showing some strength.
Van de Poppe also added that if $0.84 grants a long, he believes MATIC could be targeting $1 and even higher in the coming weeks. The analyst concluded his post by stating that MATIC even has the potential to retest the $1.30 mark.