Polygon Down 6%, Gets Flipped By Dogecoin In Market Cap

Polygon, a popular blockchain platform, saw its value plummet by 6% today, losing ground to other cryptocurrencies including Dogecoin. Dogecoin’s recent surge has helped it surpass Polygon in market capitalization, marking a shift in investor sentiment towards more volatile assets. As the wider crypto market continues to experience volatility, investors are keeping a close eye on developments in the sector.

Polygon has seen a decline of 6% in the past day due to selling by whales, and has also been surpassed by Dogecoin in market cap. MATIC has performed worse than other cryptocurrencies in the past week, currently trading around $1.05 which is down 6% in the past 24 hours. Whale Alert has reported several large MATIC transfers to Binance, which has implications for the price as these transactions may be for selling purposes. MATIC’s market cap list spot has been overtaken by DOGE, but the gap between the two can be closed if MATIC shows some strength in the future.

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