Since the beginning of 2023, there have been a lot of exciting changes in the global cryptocurrency market. As the most popular altcoin, Polygon (MATIC) followed the trend and “took over” Ethereum (ETH) in terms of daily active users (DAU).
This year, Polygon continues to grow in an imposing way. The Polygon blockchain is now in second place, just behind Binance’s BNB chain, which had 803,707 DAUs. Data aggregator Token Terminal says that Polygon has more than 349.20K daily active users, which is up 8.4% in the last seven days and 49.8% in the previous 180 days. Ethereum, on the other hand, has around 340.97K DAU, which is down 18.6% in 180 days.
In January, the cryptocurrency market went up, and the price of Bitcoin (BTC) went up by almost 40% in the last 30 days. The cost of MATIC went up with “four weeks of green candles.” The price may have also gone up because of Polygon’s hard fork upgrade, which happened on January 17, 2023. Also, Polygon has made some big announcements about partnerships and launches in the past month.
Based on data from CoinGecko, Polygon’s price has gone up by about 10% in the last 24 hours and 20% in the previous two weeks. At the time this was written, MATIC was trading at $1.08 and had a 24-hour trading volume of over $1.1 billion, which was a 173% increase. The market value of Polygon is about $9.7 billion, which is up 8% in just one day. Also, the price of MATIC went up 15% in just a week.
But Ethereum, the largest altcoin, has also seen significant price gains. The price of ETH on the market was $1,578.66, which was up 11.4% in the last 14 days and 2% in the previous week. Also, the prices of Aptos (APT) and Solana (SOL) are going up in a big way. In just one week, the cost of APT went up by 125%, and the price of SOL went up by about 12%.
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