Cryptocurrencies have been seeing lackluster sentiment ever since they hit highs in early November. After bottoming last Friday amid the omicron variant scare, a recovery has been in the works in the cryptoverse.
On a seven-day trailing basis, the crypto has gained over 19%. Polygon, with a market cap of $14 billion, is currently ranked 17th in terms of valuation, according to CoinMarketCap.
Related Link: How to Buy Polygon (MATIC)
The gain is attributable to crypto exchange-traded product issuer 21Shares listing Europe's first product linked to the performance of polygon on the Euronext exchanges in Paris and Amsterdam.
Polygon-linked ETP is also already listed on the SIX Swiss Exchange.
Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. It helps overcome the drawbacks associated with Blockchains such as high gas fees and slow speeds, without sacrificing on security.
Ethereum (CRYPTO: ETH), the second-most valued crypto, is also on slippery grounds.
At last check, Polygon was seen up 10.14% at $2.0129.
Related Link: What Does Bitcoin's Historical December Performance Tell About Its Potential Year-end Price?
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