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Benzinga Insights

Cryptocurrency Polygon's Price Increased More Than 17% Within 24 hours

Polygon's (CRYPTO: MATIC) price has increased 17.21% over the past 24 hours to $0.60. Over the past week, MATIC has experienced an uptick of over 48.0%, moving from $0.40 to its current price. As it stands right now, the coin's all-time high is $2.92.

The chart below compares the price movement and volatility for Polygon over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Polygon's trading volume has climbed 299.0% over the past week along with the circulating supply of the coin, which has increased 17.87%. This brings the circulating supply to 8.00 billion, which makes up an estimated 80.01% of its max supply of 10.00 billion. According to our data, the current market cap ranking for MATIC is #19 at $4.79 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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