Polygon Price Bags Double-digit Increase Amid NFT Ecosystem Boom

The price of Polygon (POL) has suddenly registered a two-digit rally within the last 24 hours, coinciding with an uptick in the Non-fungible Token (NFT) ￰0￱ uptick led to the flip of a crucial resistance level for the digital ￰1￱ Polygon ecosystem may be getting ready to enter a stronger bull ￰2￱ Price and Key Metrics On the Rise CoinMarketCap data shows that POL is currently trading at $0.2831, following a 16.22% spike in value over the last 24 ￰3￱ marks the highest increase that it has seen since early March. Also, this asset, which was previously known as MATIC, has increased by 16.09% in 7 days. Apparently, the sentiment surrounding POL is quite positive and could be attributed to an uptrend in the NFT ecosystem .

Outstandingly, its 24-hour trading volume has outperformed that of other crypto assets at $642.56 ￰4￱ metric reached this value with a 268.73% increase within the ￰5￱ is a clear indication of strong traders’ engagement with the ￰6￱ market capitalization is also resting at $2.97 ￰7￱ Sentiments in Polygon Ecosystem Market observers have spotted some improvements in Polygon’s ecosystem, offering data to substantiate their ￰8￱ identified a 14% rally in NFT sales on the Polygon ￰9￱ put this in perspective, these sales literally went to $18.9 million in the last seven days, just around the same time when buyers soared 64% to 65,626. Courtyard, a popular NFT collection, has been picked as the major contributor to this growth, with $17 million in sales.

Noteworthy, this value represents a 17% increase from its previous ￰10￱ with the combined sales of CryptoPunks, DMarket, and Pudgy Penguin, Courtyard still surpassed all ￰11￱ Market Records Loss as ETH Price Dips The rebound in the NFT sector can not be overlooked; nonetheless, it has also faced some challenges in recent ￰12￱ mid-August, the market recorded a loss of more than $1.2 billion in value in just a ￰13￱ discovered that this was the same time when Ethereum (ETH) rally ￰14￱ to NFT Price Floor, total valuations of major collections tanked to around $8.1 billion in one day. A few days before then, this metric was trumping at $9.3 ￰15￱ that time till now, there have been significant improvements, and the Ethereum price is now at $4,465.59.