Polygon takes off as Ethereum hits record high – crypto movers and shakers

The value of Polygon’s MATIC token has risen by a quarter in 24 hours – and more than doubled in a week.

The ‘smart contract’ blockchain network has benefited recently from record activity on Ethereum, which has led to network congestion and high transaction costs this year.

Polygon’s alternative provides faster and cheaper transactions as a tangential network running alongside the main Ethereum blockchain.

At the time of writing (7am), MATIC is worth 72c, up 112% on seven days ago.

Ethereum’s ETH token was up 4% in 24 hours to $2,612, a 13% rise in a week. Hours earlier it hit around $2,714, a record price, following reports of the European Investment Bank’s plans to launch a ‘digital bond’ sale on its network.

Bitcoin is up 1.7% in 24 hours to almost $55,543, down 1.8% on a week ago.

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Headline-grabbing Dogecoin (DOGE) – created as a joke – is at 26c, down 2.3% in 24 hours and down 20% on a week ago.

Ripple (XRP) is at $1.35, down 6.1% on this time yesterday and 5% a week ago.

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To see how the valuations of the biggest movers and shakers – and main coins – have changed over the last few days, click here.

For up-to-the-minute valuations of the top 100 coins by market cap, and the one-hour price change, see below. 

To see the Crypto Rich List, the world’s richest people in cryptocurrency, scroll down to the bottom of the page.

The Crypto Rich List: Who are the world’s richest people in cryptocurrency?


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