Market Update: MATIC, UNI And AAVE Outperforms While Bitcoin Strugles To Hold Above $20k

Name	Symbol	Market	Market Cap ($)	Algorithm
Polygon	MATICUSD	Crypto	6,743,130,206	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Polygon

MATICUSD

Crypto

6,743,130,206

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0086	1.19%	0.7295	0.7295	0.7296

Price Change

Price Change %

Current Price

Bid Price

Offer

0.0086

1.19%

0.7295

0.7296

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.7296	0.7213	0.7217	0.7209	- - -

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.7296

0.7213

0.7217

0.7209

- - -

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	02:36:28	1.60	0.7295	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

02:36:28

1.60

0.7295

USD

Price x Volume	Volume	Base Symbol	Related Pairs
253,293.33	349,531.43	MATIC	MATICEUR	MATICGBP	MATICBTC

Price x Volume

Volume

Base Symbol

Related Pairs

253,293.33

349,531.43

Market Update: MATIC, UNI And AAVE Outperforms While Bitcoin Strugles To Hold Above $20k

15/07/2022 12:00pm

NEWSBTC

The upswing in alternative currencies is outshining the top cryptocurrencies. In particular, the MATIC, UNI, and AAVE tokens are doing well, whereas the biggest currency, Bitcoin, is still fighting to keep its position above the $20,000 mark. Polygon (MATIC) skyrocketed on July 14 — the day after it was chosen for the Walt Disney Company’s elite business development program. After this announcement, the value of a MATIC token rose 22.5% to $0.711705, the highest price in a month. Related Reading | Avalanche Notches Solid Mid-Week Bounce – Can AVAX Sustain The Positive Noise? It is the only blockchain network to have ever been selected by Disney. As a result, the native utility and staking token of Polygon, MATIC, recovered more strongly than most of its competing digital assets. MATIC price is currently at $0.693640, up 9.2% over the previous 24 hours and 46.7% for the previous 14 days. According to CoinGecko statistics, the coin is down 76.4% from its ATH of December 27, 2021, which was over seven months ago. On the other hand, $2.46 billion worth of transactions has taken place in the past 24 hours, representing a huge rise of 31.46%. While Aave (AAVE), 46 largest currency, is currently trading at $92.47 and has increased by 16.4% over the past day and by a sizable 63.4% over the past 14 days. AAVE has been climbing since it recovered from a falling support line on June 18. Where some of the leading altcoins experience a volatile trading session, Uniswap (UNI) is up a stunning 12.4% for the day. The current Uniswap price is $7.06, with a 24-hour trading volume of $701.54 million, up by 22%. Bitcoin Is Retaining Its Level Of Attention BTC gained a new level of attention at under $21,000. The cryptocurrency market is beginning to recover, as shown by BTC, which is currently up 4.3% in value and trading at $20,807.69. In addition, a new 40-year high in U.S. inflation, as measured by the Consumer Price Index (CPI), has caused the price of bitcoin to increase from its lows. Well, there are indications that Bitcoin is stabilizing. However, after rising as high as $22,000 less than a week before reversing course, BTC is still desperately trying to hold its position above the crucial $20,000 level. Related Reading | A Breakout Above This Level Could Help Polkadot Recover On Chart Investors are worried that because inflation is still extremely high and the Federal Reserve is trying to combat it by raising interest rates, which reduces economic demand, it won’t be able to prevent a recession. Furthermore, an economic downturn would not be favorable for riskier investments, including Bitcoin and other cryptocurrencies. Along with macro factors, the problems in the cryptocurrency industry itself have made the price declines worse. The state of the crypto market is already severe. The cost of bitcoin has recently come off of its worst quarter in more than ten years, but it is still trading 70.7 % below its all-time high, set in November 2021. Featured image from Flickr, chart from Tradingview.com

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MATICUSD Polygon