Why is Polygon (MATIC) price up today? By Cointelegraph

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Polygon’s (MATIC) price is up today, mirroring upside moves elsewhere in the cryptocurrency market as traders assess a mix of fundamental factors.

On July 11, MATIC’s price rose 2.32% to $0.75, its highest level in a month — outperforming the crypto market, whose valuation stayed relatively unchanged from the previous day at around $1.14 trillion.

daily price chart versus crypto market capitalization. Source: TradingView
MATIC/USD four-hour price chart. Source: TradingView
Whale supply distribution. Source: Santiment
MATIC/USD daily price chart. Source: TradingView