Going to buy XRP (XRP) or Polygon (MATIC)

Technical analysis report updated on 28/11/2022

Introduction to the history of two cryptocurrencies

XRP Development History

XRP (XRP) coin was recorded by Coin Market Cap system on August 04, 08.

Currently on the market XRP coins can be exchanged for 848 other digital currencies.

XRP is currently ranked 7th on the cryptocurrency rankings by market cap

Polygon's development history

Polygon (MATIC) coin was recorded by Coin Market Cap system on April 28, 04. If compared with XRP, this coin was born later

Currently on the market, Polygon coins can be exchanged for 533 other digital currencies (This number is only 0.63% compared to XRP).

Polygon is currently ranked 10th on the cryptocurrency rankings by market cap

Information worth referencing

Information investors should know

Comparison of the recent growth between XRP and Polygon

Growth rate XRP (XRP) Polygon (MATIC) Distance (XRP - MATIC)
Within 24 hours 0.52% 1.05% -0.53%
Within 7 days 8.33% 2.85% 5.48%
Within 30 days -13.98% -8.79% -5.19%
Within 60 days -6.95% 15.84% -22.79%
Within 90 days 22.64% 6.10% 16.55%

Analysis by growth

In the recent 3 month period, XRP coin has experienced a tremendous growth of 22.64%. As for Polygon, there has also been a significant increase in the last 3 months

Compare total supply value and market capitalization

XRP (XRP) Polygon (MATIC)
Maximum total supply 100,000,000,000 10,000,000,000
Circulating supply 50,298,735,565 8,734,317,475
Total supply 99,989,214,572 10,000,000,000

* Note
Total circulating supply: Number of coins circulating in the market and in the hands of the public. It is similar to how stocks move in the stock market.
Maximum total supply: The maximum number of coins that will exist in the lifetime of the cryptocurrency. It is similar to fully diluted shares in the stock market.
Total supply: Number of coins created, minus any burned coins. It is similar to shares outstanding on the stock market.

Summary of reasons to buy XRP or Polygon

Reasons to buy XRP

In the long term is a 90 day period XRP has had good growth and in the short term there has been a certain price correction. If you firmly believe this is a potential coin and will be valuable in the long run

Reasons not to buy XRP

Reasons to buy Polygon

Reasons not to buy Polygon

General note for investors

These are specifications based analysis only

The technical specifications will be suitable for short-term investors, and profit from the investments With large and long-term investments you also need to do fundamental analysis i.e. read and understand more about the technicians, teams, investors behind that particular digital currency.

We do not make investment decisions for you

Automatic parameter analysis articles will help you have a multi-dimensional and easier to understand view than just looking at those with zero numbers.

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