Shiba Inu (SHIB) and Polygon (MATIC) Ride the Bullish Momentum https://ift.tt/3yTKrA0

Shiba Inu (SHIB) and Polygon (MATIC) were the day’s largest crypto gainers, each rising over 20% in the last 24 hours for quite different reasons. While the whole crypto market was green after a week of red trading, MATIC and SHIB outperformed most big cryptocurrencies.

MATIC, the most widely used ETH layer 2 solutions, hit a fresh high of $2.70 late yesterday. Uniswap’s decision to switch to the Polygon network has boosted the altcoin’s price. The relocation was eventually completed earlier today, soaring MATIC and UNI prices. According to CoinMarketCap, the Polygon price today is $2.52 USD with a 24-hour trading volume of $3,569,385,269 USD, with a market cap of $17,865,339,332 USD. MATIC is down from its ATH of $2.70.

Recent Listing on Coinjar

Last week, Shiba Inu (SHIB), a popular meme currency, lost $0.00003 key support. A new weekly high of $0.000038 was reached before retracing to $0.000036. According to CoinMarketCap, the SHIBA INU price today is $0.000036 USD with a 24-hour trading volume of $2,176,602,225 USD, with a market cap of $13,300,988,593 USD.

The recent price increase for the meme coin is ascribed to many factors, including fresh listings. Coinjar, Australia’s oldest crypto exchange, listed the cryptocurrency, even allowed for SHIB payments.

Aside from that, the altcoin’s on-chain indicators have gone green again as whales acquire SHIB. One Ether whale acquired approximately 4 trillion SHIB tokens during the recent drop. SHIB’s foray into P2E NFT gaming has boosted network activity.