Polygon Beats Estimates As MATIC Registers 26% Weekly Gain

Polygon (MATIC) surpassed expectations with regards to its trading price as it ended up being the top gainer in a seven-day period right now among the top 15 cryptocurrencies in terms of market capitalization. Trading at $1.11 according to latest tracking from Coingecko at press time, the altcoin managed to climb by 26% for the past week. Its biweekly and monthly performances are also impressive, increasing by 23% and 35%, respectively. Here’s a quick glance at how MATIC is ushering the new month. Polygon continues to hold the crucial $1 territory to preserve hopes of another bullish run A decline below $1 could mean a revisit to $0.8 support region for MATIC The altcoin is up by 26% over the last seven days, surpassing Bitcoin and Ethereum in this department Those numbers could have been higher if MATIC was able to sustain its surge today that allowed it to peak at $1.28. It has declined by 8.6% since then. Now, the crypto’s focus must be on maintaining the $1 marker as doing so will boost its chances of hitting higher prices such as the coveted $1.5 region. Related Reading: Ethereum Loses $1,500 Grip As ETH Heads Down To Correction Phase Polygon Shrugs Off Shaky Start For Crypto Space This Week Altcoins had a remarkable run last week with many of them tallying significant price pumps. Ethereum was able to surpass the $1,600 marker and the maiden crypto, Bitcoin, was able to reclaim the $21K territory. However, the cryp...