While the cryptocurrency market was recovering, three cryptocurrencies managed to stand out.
As altcoins continue to recover, MATIC, SOL and LINK came to the fore with bullish moves. In the last 24 hours, MATIC increased by 36%, SOL 22% and LINK by 23.9%. With the increase of these cryptocurrencies, which are in the top 20 in the Coinmarketcap ranking, there was a significant increase in transaction volumes.
While MATIC’s transaction volume in the last 24 hours has increased by more than 29%, the popular crypto currency is 15% away from its all-time high. Polygon (MATIC) is trading at $2.25 as of the time this article was written.
The large trade numbers returned to the average level, while the high of the last 7 days was reached. Although MATIC is an L2 scaling project, there is a high network activity that makes the rally sustainable. On the other hand, billionaire name Mark Cuban’s interest in MATIC has given momentum to popular cryptocurrency.
Although Solana (SOL) has seen a 6% drop in trading volume in the last 24 hours, this is a good number when looking at the market situation. The SOL has increased its market capitalization by 25% over the past 24 hours, and the price is positioned approximately 42% away from the ATH $ 58.30 reached 8 days ago. SOL has recently entered the radar of expert analysts with its ambitious project and high network efficiency. SOL is trading at $34 as of the time this article was written.
Chainlink (LINK) has increased by over 11% in the last 24 hours of transaction volume. LINK has reached large numbers in transaction volumes as it has large hodler accumulation like SOL and MATIC. Therefore, the rally of these three cryptocurrencies seems to continue, according to experts.