Polygon Records Massive Gains as Crypto Markets Show Mild Signs of Recovery

By Kester Odero

June 11, 2023 4:01 PM

Crypto Market News Ethereum News

Polygon Records Massive Gains as Crypto Markets Show Mild Signs of Recovery

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Table of contents

1. What tokens are trending?

Ethereum (ETH) as had quite a neutral start in today’s session as the asset stood at a mild gain of 0.2% as the asset now trades at $1,744. Ethereum has a current market cap of $209,864,137,109, and a trading volume of $5,473,556,595 as of press time. Ethereum’s volatility levels could soon get high as the Bollinger bands slightly diverge away from each other, indicating increasing volatility. The relative strength index indicator is also moving down below the average line as bears push for the oversold region.

The MACD indicator has also shifted down to the negative region indicating a likely bearish trend on Ethereum markets. The decline in Ethereum can be attributed to the current selling pressure brought about by the SEC’s recent action on Binance and Coinbase.

3RV53w l7ZzJZGbfGBx1aMerhTozCWgdhKbjUl pn — ETH 1-day chart | Source: TradingView

DOC.COM (MTC) is showing promising gains in today’s bear market as the asset recorded a 35 gain within 24 hours the asset’s price now comes to $0.004953, and MTC’s trading volume has also risen by a mild 0.7% as it now stands at $393,194.

nu8w1p33qYyc7gf8i2F6 Fxqa O kcx7BCWd1e8ZhQHSBiyxUwx eqENSUBHieWVkvYMMcuY07SOP o9ZkipIzk7TYGYqQ Xxx zaDkVnhB3x jDoVcGmC7nemhPc23CDDRsRW 1oy1RVlqUVHCTAy0 — MTC 24-hour chart | Source: CMC

Pepe is also showing promising gains as the asset records a 0.5% increase within a day of trading. Despite the gain, Pepe’s trading volume has dropped by 45% within the same period as the asset now trades at $0.0000009154.

Polygon (MATIC) is also showing tremendous gains as the asset now trades at $0.6217, representing an 8.9% gain within a day of trading despite the trading volume dropping by 43% within the same period.

WUbJa2bGkzwFJTBQWmqUw5whyAwy2KJlUYE0XQDC5C ghamFpxTIRvIB ZrXWMGZQLyi ObI8BM1Ofj8Ewqfl8V lQOoju4Yet0cli2mB8lhb3ma — MATIC 1-day Chart | Source: CMC

ChitCAT (CHITCAT) is also making tremendous gains as the asset sits on a 19%gain within the same period to trade at $0.2162 as of press time despite a 97% drop in the trading volume within a period of 24 hours.

Bitcoin (BTC) is also doing mildly well as the asset now trades at $25.7, representing a 0.4% gain within a day of trading. BTC has seen a 5% drop for the week ahead of the recent market saga. Cardano (ADA) is also seeing tremendous gains as the asset now trades at $0.2667 representing a 45 gain. Solana (SOL) has also recorded notable gains as the asset boasts a 3.4% increase as it trades at $15.3.

Tags:

ADA BTC ETH Market MATIC PEPE SOL Trading

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AUTHOR

Kester Odero

Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.

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