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Polygon (MATIC) Flexes Muscles In The Last Week With 27% Gain
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Polygon (MATIC) has demonstrated a significant price surge in the past week,rising by 27.39%.This bullish momentum has been further reinforced by a 9.38% increase in the last 24 hours. However,in the most recent hour, the price experienced a slight decline of 1.04%.Currently trading at $0.84 per MATIC, the cryptocurrency remains 71.11% below its all-time high of $2.92.
Reasons For The Price Movement
Multiple factors have contributed to the recent price movement of the crypto.Firstly,a favorable court ruling for XRP ripple effect on market sentiment,potentially influencing the performance of other cryptocurrencies like MATIC. The court’s determination that XRP is not a security has provided investors reassurance and positively impacted the overall market.