Going to buy Polygon (MATIC) or Avalanche (AVAX)

Technical analysis report updated on 05/02/2023

Introduction to the history of two cryptocurrencies

Polygon's development history

The Polygon (MATIC) coin was recorded by the Coin Market Cap system on April 28, 04.

Currently on the market, Polygon coins can be exchanged for 579 other digital currencies.

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

Avalanche development history

Avalanche coin (AVAX) was recorded by Coin Market Cap system on July 13, 07. If compared with Polygon, this coin was born later

Currently on the market, Avalanche coins can be exchanged for 371 other digital currencies (This number is only 0.64% compared to Polygon).

Avalanche is currently ranked 15th on the cryptocurrency rankings by market cap

Information worth referencing

Information investors should know

Comparison of growth over time between Polygon and Avalanche

Growth rate Polygon (MATIC) Avalanches (AVAX) Separation (MATIC - AVAX)
Within 24 hours 1.98% -1.67% 3.64%
Within 7 days 8.74% 1.51% 7.23%
Within 30 days 58.57% 80.14% -21.57%
Within 60 days 37.90% 55.91% -18.01%
Within 90 days 6.59% 10.65% -4.06%

Analysis by growth

In the recent 3 months period, Polygon coin has had a significant increase of 6.59%. As for Avalanche, there has also been a remarkable growth in the last 3 months

Compare total supply value and market capitalization

Polygon (MATIC) Avalanches (AVAX)
Maximum total supply 10,000,000,000 720,000,000
Circulating supply 8,734,317,475 315,040,931
Total supply 10,000,000,000 420,446,921

* 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 Polygon or Avalanche

Reasons to buy Polygon

Reasons not to buy Polygon

Reasons to buy Avalanche

Reasons not to buy Avalanche

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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