- Pepe has climbed closer to Polygon in terms of market capitalization.
The memecoin saw more volume than MATIC.
As a researcher with experience in the cryptocurrency market, I have closely observed the recent developments between Pepe (PEPE) and Polygon (MATIC) in terms of their market capitalization and trading activity.
As a seasoned crypto investor, I can attest to the fact that Bitcoin (BTC) and Ethereum (ETH) have firmly established themselves at the helm of the cryptocurrency market with their substantial market capitalizations. Nevertheless, the battle for dominance among the remaining top 100 cryptos has become increasingly fierce.
As a crypto investor, I’m closely following the developments of PEPE and MATIC, two promising projects that are currently neck-and-neck in terms of market capitalization. These dynamic digital assets are vying for the 18th and 19th positions respectively, adding an exciting layer to the ever-evolving cryptocurrency landscape.
As a researcher observing the market trends, I’ve noticed an uptick in both price and trading volume for Pepe. This development poses an additional hurdle for Matic to hold its ground and continue dominating the space.
Pepe moves close to overtaking Polygon
As a researcher analyzing the cryptocurrency market data from CoinMarketCap, I’ve noticed intense rivalry between projects vying for positions 18 and 19 in terms of market capitalization.
Polygon holds the 18th position with a market cap exceeding $7.2 billion.
As an analyst, I’ve noticed a shift in the market landscape with Pepe gaining substantial price growth, posing a challenge to this current position.
Over the past week, Pepe’s market capitalization has surged, rising from around $4.6 billion to exceed $6.8 billion.
The significant rise in Pepe’s value has narrowed the gap between it and MATIC, bringing Pepe closer to surpassing MATIC in the rankings. Continued growth might result in a shift in their positions.
Pepe shows more activity than Polygon
As an analyst, I have examined the volume trends on Santiment and identified a notable increase in the case of Pepe.
For the last week, Pepe’s volume chart has demonstrated substantial daily trading volumes exceeding 2 billion dollars on several occasions, even approaching the 4 billion dollar threshold.
Currently, the volume stands at over $2.6 billion.
Instead of “In contrast,” you could also say “On the other hand” or “However.” For paraphrasing the given sentence, you could say: “While the value of MATIC has surpassed the $1 billion mark only once in nearly two months, its current trading volume hovers around $369 million.”
This suggests that Pepe was experiencing higher trading activity than MATIC at press time.
How their price trend compared
Over the past week, the daily chart for Pepe’s price has shown four new record highs.
The latest occurrence took place on the 27th of May, resulting in a price hike of 4.21% or roughly $0.0000167.
As a crypto investor, I’ve observed that the price of this particular cryptocurrency has been hovering around $0.0000164 recently. This represents a decrease of roughly 1.5% compared to its previous value.
As a crypto investor, I’ve noticed that despite the recent decline, Pepe has continued to display signs of a strong bull trend. Its Relative Strength Index (RSI) is currently suggesting oversold conditions, which could potentially indicate that the coin is undervalued and due for a bounce back.
Contrarily, Polygon’s price trend indicated a rise on the 27th of May, amounting to a 3.94% hike and peaking at approximately $0.74.
However, its overall price trend has been less interesting than Pepe’s.
As of this writing, Polygon was trading at around $0.73, following a decline of over 1%.
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2024-05-29 06:15