- MATIC capitalized on the latest altcoin resurgence, marking a decoupling trend from Bitcoin.
- The Polygon zkEVM network offered optimism, as it experienced a 40% TVL increase and reached an all-time high.
Amidst the recent surge in Bitcoin’s price, several altcoins have seized the opportunity to shine. Specifically, Polygon [MATIC] experienced a significant boost.
Realistic or not, here’s MATIC’s market cap in BTC’s terms
MATIC on the rise
MATIC’s recent ascent can be attributed to the broader altcoin resurgence that coincided with Bitcoin’s [BTC] latest push beyond the $30,000 mark.
Unlike previous instances where Bitcoin’s rise overshadowed other digital assets, this time, altcoins like MATIC have displayed remarkable decoupling from Bitcoin’s price, as reported by Santiment.
? Unlike #Bitcoin‘s previous two brief visits to $30K, this latest resistance level break to end the weekend has occurred as #altcoins surge, rather than falling behind $BTC‘s price. $LINK, $MATIC,
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