Polygon loses to Solana in market cap – fret not, as it grows in this sector  

Over the last few months, there were several upsetting news stories that negatively affected the crypto industry, notably the FTX crash. However, despite this, long-term sentiments towards Polygon MATIC increased in recent months.

Timeline of Polygon, Solana

In recent times, the Solana price has witnessed a considerable upward push, which made the coin breach important resistance levels. Over the last 24 hours, SOL has rallied close to 20%, and in a week's time, the altcoin has appreciated close to 40%.

House to over 350 decentralized applications (dApps), a new report from Messari revealed that leading open-source blockchain Solana closed the 2022 trading year with a significant drop in its key growth metrics and revenue.

The Solana coin price has witnessed a remarkable recovery since the beginning of the new year. Within the past three weeks, the coin price surged 162% and reached the current price of $25.5.Moreover, the steady growth in volume activity and in between minor corrections indicate a sustained growth in SOL price.

Solana price analysis is going bullish for today as it reveals that the price has been following an upward movement since yesterday, as the bulls have constantly been striving for the lead. Bulls have finally dodged the ongoing bearish trend as the coin was on the decline previously.

Solana – a crypto that's otherwise known as SOL to its personal holders – continues to shed value given it's so tied to the fallen crypto exchange FTX and its disgraced head executive Sam Bankman-Fried. Solana Isn't Doing Too Well FTX is currently in the process of filing bankruptcy.

Solana (SOL) has been the most performing digital asset in the top 15 this year by market capitalization and no one saw it coming following a poor run and a disastrous end of 2022.

Solana (SOL) recovered from the slight pullback yesterday, even when the general crypto market cap dropped today. SOL which has been on an uptrend in the past week saw a 28.44% increase during this time.

Any Polygon-based NFT group will have access to the new self-service tool, enabling them to construct their own individualized markets and engage with their communities at no cost.

As a follow-up to its hardfork recent success, Polygon [MATIC] followed through by announcing a new partnership with BitGo. BitGo is a platform for providing core infrastructure and regulatory custody for crypto projects.

Popular NFT marketplace and protocol Rarible launched its NFT marketplace builder for Polygon-based NFT collections on January 18. Any Polygon-based NFT collection will be able to use the new self-serve tool to build their own customized marketplaces for free to connect with their communities.