Why is Polygon (MATIC) worth rising at this time?

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Polygon’s (Matic) The value is rising at this time, mirroring the upside motion elsewhere within the cryptocurrency market as merchants assess quite a lot of elementary components.

On July 11, MATIC’s worth rose 2.32% to $0.75, reaching a one-month excessive. The cryptocurrency market was valued at about $1.14 trillion, roughly unchanged from the day past, however surpassed it.

Comparability of each day worth charts and cryptocurrency market capitalization. Supply: TradingView
MATIC/USD 4-hour chart. Supply: TradingView
Whale provide distribution.Supply: Santimento
MATIC/USD each day chart. Supply: TradingView

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