Going to buy Cardano (ADA) or Polygon (MATIC)

Technical analysis report updated on 28/11/2022

Introduction to the history of two cryptocurrencies

Cardano development history

Cardano coin (ADA) was recorded by Coin Market Cap system on October 01, 10.

Currently on the market Cardano coins can be exchanged for 597 other digital currencies.

Cardano is currently ranked 9th on the cryptocurrency rankings by market cap

Polygon's development history

The Polygon (MATIC) coin was recorded by the Coin Market Cap system on April 28, 04. Compared to Cardano, this coin was born later

Currently on the market, Polygon coins can be exchanged for 533 other digital currencies (This number is only 0.89% compared to Cardano).

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

Information worth referencing

Information investors should know

Comparison of recent growth between Cardano and Polygon

Growth rate Cardano (ADA) Polygon (MATIC) Distance (ADA - MATIC)
Within 24 hours 0.39% 1.05% -0.67%
Within 7 days -0.40% 2.85% -3.25%
Within 30 days -21.44% -8.79% -12.65%
Within 60 days -27.07% 15.84% -42.91%
Within 90 days -29.03% 6.10% -35.13%

Analysis by growth

In the recent 3 month period Cardano coin has dropped in value by -29.03%. As for Polygon, there has also been a significant increase in the last 3 months

Compare total supply value and market capitalization

Cardano (ADA) Polygon (MATIC)
Maximum total supply 45,000,000,000 10,000,000,000
Circulating supply 34,433,922,613 8,734,317,475
Total supply 35,193,805,106 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 Cardano or Polygon

Reasons to buy Cardano

Reasons not to buy Cardano

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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