Polygon overtakes Solana in terms of marketcap, but here’s an issue

Published on December 31, 2022

By Suzuki Shillsalot

Read Polygon’s [MATIC] Price Prediction 2023-2024

• Polygon outgrew Solana in terms of market cap.

• It witnessed growth in the NFT sector; however, prices continued to decline.

According to a 29 December tweet by economist Alex Kruger, recent developments boosted Solana [SOL], doubling its marketcap to twice that of Polygon [MATIC]. One reason for the growing interest in Polygon could be its emerging NFT market.

Stolen y00t

Over the last week, major NFT collections, such as y00ts from the Solana network, migrated to other cryptocurrencies. Along with that, other events such as Donald Trump launching his NFT collection on Polygon and social media giants such as Reddit and Instagram collaborating with Polygon impacted the NFT market positively.

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