Solana (SOL) is outperforming Polygon (MATIC) by market capitalization, according to CoinEdition

Solana (SOL) is overtaking Polygon (MATIC) by market capitalization
  • MATIC’s price is down by 3.01% in the last 24 hours.
  • The launch of MATIC’s zkEVM has resulted in a gradual increase in positive sentiment towards MATIC.
  • MATIC has also performed well in the NFT space.

Polygon (MATIC) dropped out of CoinMarketCap’s top 10 cryptocurrencies by market capitalization after (SOL) took the 10th spot on the list. At number 11, MATIC has seen a 3.01% decrease in price over the past 24 hours according to CoinMarketCap. Meanwhile, SOL price managed to gain 1.04%.

The recent 24-hour MATIC and SOL price movements resulted in the MATIC price trading at $0.9911 and the SOL price trading at $25.19. At the time of publication, SOL’s market capitalization is approximately $9,351,124,002 and MATIC’s current market capitalization is approximately $8,656,510,773.

Over the past few months, the cryptocurrency market has had its fair share of negative news, which has caused prices to drop market-wide. Despite this, long-standing feelings for MATIC have grown in recent months.

A major contributing factor to this gradual increase in positive sentiment towards MATIC is the launch of the much talked about zkEVM project.

Another bullish metric for MATIC is its performance…

Solana (SOL) outperforming Polygon (MATIC) by market capitalization appeared for the first time in Coin.

See the original on CoinEdition

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