Polygon Matic Overtakes Shiba Inu For #13 in Total Market Cap

Polygon Matic Overtakes Shiba Inu For #13 in Total Market Cap

On a rare green day for the overall crypto market over the last month and a half Polygon (MATIC) rises 15% to a price per coin of $2.33 from $1.98 in the last 24 hours.

In that same time frame Polygon reached a new market cap of $16,736,705,394 leapfrogging Shiba Inu for the 13th highest crypto market cap.

Shiba Inu is currently sitting at $15,434,159,036 now in the 14th overall spot with a 3.20% up day.

Although it is a bit down from it’s all time high of $2.92, Polygon has had an incredible 3 months compared to the rest of the market during the recent pullback.

While Bitcoin and Ethereum are down -26.78% and -8.37% respectively, MATIC is up +91.53%


A few recent Polygon catalysts

Coinbase chooses Polygon for it’s upcoming NFT project

Polygon Matic Overtakes Shiba Inu For #13 in Total Market Cap

Not long ago in October Coinbase and Polygon came to an agreement to make Polygon the official layer-2 solution of their NFT program.

As Coinbase is the largest crypto exchange in the world this is of course phenomenal news for MATIC.


Draftkings partners with Polygon to expand their NFT’s

Polygon Matic Overtakes Shiba Inu For #13 in Total Market Cap

The largest fantasy sports betting site in the world Draftkings will also be entering the NFT space in the near future and decided Polygon was superior for their platform as opposed to Ethereum.


Unstoppable domains transfers from ETH to MATIC

Polygon Matic Overtakes Shiba Inu For #13 in Total Market Cap

In November of last year the popular NFT domain naming service Unstoppable Domains transferred from Ethereum to Polygon in order to massively reduce fees.

All users can now claim their domains on Polygon for free, saving over $200 per transaction compared to Ethereum.

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