Polygon (MATIC) is leading gains among the top 20 largest cryptocurrencies by market capitalization over the past week.
MATIC, the coin powering the Ethereum scaling network Polygon, has jumped 10.5% over the past week.
As of this writing, MATIC trades at around $0.8941, up 7.3% over the past 24 hours, per data from CoinMarketCap.
MATIC short trades worth $7.4 million have been liquidated over the past week, too, per data from Coinglass. Long positions worth $5.1 million were liquidated over the same period.
Despite a robust weekly performance, MATIC is down 69.45% from its all-time highs of $2.92 recorded in December 2021, suggests data from CoinMarketCap.
Source : decrypt.co