MATIC Rejoins Top 10 in Trading Volume Among ETH Whales
MATIC's Return to Top Trading Volumes
Polygon (MATIC) has reappeared among the top 10 cryptocurrencies by trading volume, particularly among the 100 largest ETH whales. This resurgence highlights a renewed interest from major holders despite recent price declines.
Current Price Trends
MATIC's price has experienced a slight downturn, dropping 1.71% over the last 24 hours, settling at $0.8467. The altcoin has also shown a weakening trend against Bitcoin (BTC) and Ethereum (ETH), decreasing by 1.50% and 2.67%, respectively.
Weekly Performance
Despite the daily dip, MATIC has performed well over the past week, with its price rising by 8.44%. This positive weekly performance suggests potential resilience and investor confidence in the cryptocurrency.
Potential for Price Breakout
There is speculation that MATIC might attempt another breakout from its current price channel. This possibility is driven by its recent trading volume surge and overall market dynamics.
Conclusion
MATIC's position among the top-traded cryptocurrencies by ETH whales, combined with its weekly price gains, underscores its resilience in a volatile market. As investors monitor these trends, MATIC's future movements could present new opportunities for growth and investment.
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