{"id":600273,"date":"2023-01-22T18:51:25","date_gmt":"2023-01-23T00:51:25","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/01\/22\/polygon-loses-to-solana-in-market-cap-fret-not-as-it-grows-in-this-sector\/"},"modified":"2023-01-22T18:51:25","modified_gmt":"2023-01-23T00:51:25","slug":"polygon-loses-to-solana-in-market-cap-fret-not-as-it-grows-in-this-sector","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/01\/22\/polygon-loses-to-solana-in-market-cap-fret-not-as-it-grows-in-this-sector\/","title":{"rendered":"Polygon loses to Solana in market cap \u2013 fret not, as it grows in this sector \u00a0"},"content":{"rendered":"<div id=\"mvp-content-main\">\n<ul>\n<li><em><span>Solana flipped Polygon to become the 10th largest crypto in terms of market cap.<\/span><\/em><\/li>\n<li><em><span>Polygon\u2019s NFT ecosystem witnessed growth with increased trade count and new integrations.<\/span><\/em><\/li>\n<\/ul>\n<p><span>Over the last few months, there were several upsetting news stories that negatively affected the crypto industry, notably the <a href=\"https:\/\/ambcrypto.com\/?s=ftx\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">FTX<\/a> crash. However, despite this, long-term sentiments towards <\/span><a href=\"https:\/\/ambcrypto.com\/?s=MATIC\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span>Polygon [MATIC]<\/span><\/a><span> increased in recent months. This gradual increase could be attributed to the launch of Polygon\u2019s much talked-about zkEVM.\u00a0<\/span><\/p>\n<blockquote data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Sentiment in a Falling Market: Amidst a seemingly never ending stream of bad news, positive sentiment was hard to come by????<\/p>\n<p>But with <a href=\"https:\/\/twitter.com\/hashtag\/zkEVM?src=hash&#038;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">#zkEVM<\/a> development &#038; testnet rollouts, alongside a stream of massive brand partnerships, sentiment for the Polygon ecosystem quickly rebounded???????? <a href=\"https:\/\/t.co\/0KNBeUhU71\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">pic.twitter.com\/0KNBeUhU71<\/a><\/p>\n<p>\u2014 Polygon (@0xPolygon) <a href=\"https:\/\/twitter.com\/0xPolygon\/status\/1616509815810932736?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">January 20, 2023<\/a><\/p>\n<\/blockquote>\n<p><span>While Polygon\u2019s positive sentiments increased, its price action also remained bullish in the last week, thanks to the current market conditions. CoinMarketCap\u2019s<\/span> <a href=\"https:\/\/coinmarketcap.com\/currencies\/polygon\/\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\"><span>data<\/span><\/a><span> revealed that MATIC\u2019s price increased by 8% in the last 24 hours, and at press time, it was trading at $1.02 with a market capitalization of over $8.9 billion. <\/span><\/p>\n<p><span>Unfortunately, despite the price pump,<\/span> <a href=\"https:\/\/ambcrypto.com\/matic-has-a-strong-bullish-structure-but-watch-out-for-a-dip-to-this-level\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span>MATIC<\/span><\/a><span> lost its position as the 10th largest crypto in terms of market cap to <\/span><a href=\"https:\/\/ambcrypto.com\/?s=SOL\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span>Solana [SOL]<\/span><\/a><span>.\u00a0<\/span><\/p>\n<hr>\n<p><span>Read<\/span> <a href=\"https:\/\/ambcrypto.com\/predictions\/matic-network-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span>Polygon\u2019s [MATIC] Price Prediction<\/span><\/a><span> 2023-24<\/span><\/p>\n<hr>\n<h3><strong>Polygon\u2019s NFT space is on fire!<\/strong><\/h3>\n<p><span>Not only did<\/span> <a href=\"https:\/\/ambcrypto.com\/amidst-polygons-hardfork-and-increased-profit-taking-which-way-will-matic-go\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span>MATIC<\/span><\/a><span>\u2019s price register an uptick, but the network\u2019s performance in its <a href=\"https:\/\/ambcrypto.com\/?s=nft\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">NFT<\/a> space also looked optimistic. For instance, Polygon<\/span><span> partnered<\/span><span> with Rarible. With this, any Polygon-based NFT collection could use the new self-serve tool to build their own customized marketplaces. <\/span><\/p>\n<blockquote data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">????<a href=\"https:\/\/twitter.com\/rarible?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">@rarible<\/a> Announces Marketplace Builder<\/p>\n<p>????Any <a href=\"https:\/\/twitter.com\/0xPolygon?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">@0xPolygon<\/a> based NFT collection can use the new self-serve tool to build their own customized marketplaces. <\/p>\n<p>????The creator is available for free so creators can connect with and expand their communities.<a href=\"https:\/\/twitter.com\/hashtag\/NFTs?src=hash&#038;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">#NFTs<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/polygon?src=hash&#038;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">#polygon<\/a> <a href=\"https:\/\/t.co\/3hkJzLOd5o\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">pic.twitter.com\/3hkJzLOd5o<\/a><\/p>\n<p>\u2014 NFTevening (@NFTevening) <a href=\"https:\/\/twitter.com\/NFTevening\/status\/1616517490623844383?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">January 20, 2023<\/a><\/p>\n<\/blockquote>\n<p><span>Moreover, in the past seven days, 109 Rarible NFTs were sold with a <a href=\"https:\/\/twitter.com\/stader_polygon\/status\/1616476205716484098?s=20&#038;t=CphtyPdh12l3CV69z7-RoA\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">total sales volume<\/a> of $8.26k. Santiment\u2019s chart revealed that the total number of NFT trade counts and total trade volume in USD on Polygon spiked as well. <\/span><span>\u00a0<\/span><\/p>\n<div id=\"attachment_286093\">\n<p><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-14.44.23-21-Jan-2023.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-286093\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-14.44.23-21-Jan-2023.png\" alt width=\"2560\" height=\"867\"   data-old-src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%202560%20867'%3E%3C\/svg%3E\" data-lazy-srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-14.44.23-21-Jan-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-14.44.23-21-Jan-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-14.44.23-21-Jan-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-14.44.23-21-Jan-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-14.44.23-21-Jan-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-14.44.23-21-Jan-2023-2048x693.png 2048w\" data-lazy-src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-14.44.23-21-Jan-2023.png\"><\/a><\/p>\n<p id=\"caption-attachment-286093\">Source: Santiment<\/p>\n<\/div>\n<hr>\n<p><span>How much are <\/span><a href=\"https:\/\/ambcrypto.com\/convert\/1-matic-to-usd\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span>1,10,100 MATICs worth today<\/span><\/a><span>?<\/span><\/p>\n<hr>\n<h3><strong>What do the metrics suggest?<\/strong><\/h3>\n<p><span>MATIC\u2019s performance on the metrics front looked bullish, which increases the chances of a continued price surge. For example, MATIC\u2019s MVRV Ratio increased in the last week. MATIC\u2019s net deposits on exchanges were<\/span> <a href=\"https:\/\/cryptoquant.com\/asset\/matic\/summary\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\"><span>low<\/span><\/a>,<span> compared to the seven-day average, suggesting less selling pressure. Moreover, the total number of active wallets used to send and receive coins also registered an increase, which looked bullish. <\/span><\/p>\n<p><span>Nonetheless, MATIC\u2019s network growth went down sharply on 21 January. MATIC\u2019s social dominance also decreased over the last few days, reflecting the token\u2019s lower popularity in the crypto space. <\/span><\/p>\n<div id=\"attachment_286094\">\n<p><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-14.59.04-21-Jan-2023.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-286094\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-14.59.04-21-Jan-2023.png\" alt width=\"3840\" height=\"1300\"   data-old-src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%203840%201300'%3E%3C\/svg%3E\" data-lazy-srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-14.59.04-21-Jan-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-14.59.04-21-Jan-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-14.59.04-21-Jan-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-14.59.04-21-Jan-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-14.59.04-21-Jan-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-14.59.04-21-Jan-2023-2048x693.png 2048w\" data-lazy-src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-14.59.04-21-Jan-2023.png\"><\/a><\/p>\n<p id=\"caption-attachment-286094\">Source: Santiment<\/p>\n<\/div><\/div>\n<div id=\"mvp-content-bot\">\n<div id=\"mvp-author-box-wrap\">\n<div>\n<p><img loading=\"lazy\" decoding=\"async\" data-del=\"avatar\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/image-1-80x80.jpeg\" height=\"60\" width=\"60\" data-old-src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%2060%2060'%3E%3C\/svg%3E\" data-lazy-src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/image-1-80x80.jpeg\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<p>Ser Suzuki Shillsalot has 8 years of experience working as a Senior Investigative journalist at The SpamBot Times. He completed a two-hour course in journalism from a popular YouTube video and was one of the few to give it a positive rating.<br \/>\nShillsalot&#8217;s writings mainly focus on shilling his favourite cryptos and trolling anyone who disagrees with him.<br \/>\nP.S &#8211; There is a slight possibility the profile pic is AI-generated. You see, this account is primarily used by our freelancer writers and they wish to remain anonymous.<br \/>\nWait, are they Satoshi? :\/<\/p>\n<\/p><\/div>\n<div itemprop=\"publisher\" itemscope itemtype=\"https:\/\/schema.org\/Organization\">\n<div itemprop=\"logo\" itemscope itemtype=\"https:\/\/schema.org\/ImageObject\">\n<p><img decoding=\"async\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Menu-large-logo.png\" data-old-src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%200%200'%3E%3C\/svg%3E\" data-lazy-src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Menu-large-logo.png\"><\/p>\n<p><meta itemprop=\"url\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Menu-large-logo.png\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<meta itemprop=\"name\" content=\"AMBCrypto\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/ambcrypto.com\/polygon-loses-to-solana-in-market-cap-fret-not-as-it-grows-in-this-sector\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Suzuki Shillsalot<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana flipped Polygon to become the 10th largest crypto in terms of market cap. Polygon\u2019s NFT ecosystem witnessed growth with increased trade count and new integrations. Over the last few months, there were several upsetting news stories that negatively affected the crypto industry, notably the FTX crash. However, despite this, long-term sentiments towards Polygon [MATIC]<\/p>\n","protected":false},"author":1,"featured_media":600274,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1090,23528],"tags":[],"class_list":{"0":"post-600273","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-loses","8":"category-polygon"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/600273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=600273"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/600273\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/600274"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=600273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=600273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=600273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}