One of the Layer 2 protocols, Polygon’s token MATIC has gained about 20% in value over the past seven days.
Polygon (MATIC), one of the top 10 cryptocurrencies, has started to approach the market cap of Dogecoin (DOGE), according to CoinGecko data.
The price of MATIC, which has appreciated by 20% in the last week, is today up to $1.32 rose. In contrast, Dogecoin price over the week decrease of more than 5% and DOGE price dropped to $0.091.
Dogecoin’s total approximately $12.6 billion while finding the market value; Market value of MATIC $11.8 billion endured. If MATIC replaces Dogecoin, the market will ninth largest cryptocurrency it could be.
Information shared by WhaleStats, Ethereum (ETH) shows that whales in its ecosystem are also interested in MATIC. According to the information shared today, an ETH whale, 2 million 61 thousand 476 MATICs he bought.
Top 100 whales in the Ethereum ecosystem owns MATIC worth $98.1 million in total is assumed.