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Solana (SOL) Overtakes Polygon (MATIC) In Terms of Market Cap

Published 01/22/2023, 02:10 AM
Updated 01/22/2023, 02:30 AM
Solana (SOL) Overtakes Polygon (MATIC) In Terms of Market Cap

Solana (SOL) Overtakes Polygon (MATIC) In Terms of Market Cap

  • MATIC’s price dropped 3.01% over the last 24 hours.
  • The launch of MATIC’s zkEVM is driving the gradual increase in positive sentiment for MATIC.
  • MATIC has also been performing well in the NFT space.

Polygon (MATIC) has dropped out of CoinMarketCap’s top 10 list of biggest cryptos in terms of market cap after Solana (SOL) took over the number 10 position on the list. Ranked at number 11, MATIC experienced a 3.01% drop in price over the last 24 hours according to CoinMarketCap. Meanwhile, SOL’s price was able to gain 1.04%.

The recent 24-hour price movements of MATIC and SOL has resulted in MATIC’s price trading at $0.9911 and SOL’s price trading at $25.19. At press time, the market cap of SOL stands at approximately $9,351,124,002 and MATIC’s market cap currently stands at around $8,656,510,773.

Over the last few months, the crypto market has been hit with its fair share of negative news, causing market-wide price tumbles. Despite this, however, long-term sentiment towards MATIC has increased in recent months.

One of the main contributing factors to this gradual increase in positive sentiment towards MATIC is the launch of the project’s much talked-about zkEVM.

Another metric that is bullish for MATIC is its performance i ...

The post Solana (SOL) Overtakes Polygon (MATIC) In Terms of Market Cap appeared first on Coin Edition.

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