MATIC overtakes BTC and ETH in key metric: Can its rally continue?

  • Polygon’s price increased by more than 50% in January 2023.
  • MATIC’s NFT ecosystem continued to grow and metrics looked in its favor.

Polygon [MATIC] outperformed cryptos with a higher market capitalization, including Bitcoin [BTC] and Ethereum [ETH], in terms of its performance on the price front in January 2023. As per the latest data, MATIC’s price increased by 53%, while BTC and ETH rose by 41% and 36%, respectively. 

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CoinMarketCap’s data revealed that MATIC’s price increased by over 7% in the last seven days, and at the time of writing, it was trading at $1.26 with a market capitalization of more than $11 billion. 

But not only in terms of price, MATIC also registered growth in its unique addresses lately as it exceeded that of Binance Coin [BNB] and Ethereum, which made MATIC…

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