Data compiled by CryptoSlate shows Polygon (MATIC) has outperformed other large caps, in Bitcoin terms, since Nov. 4.
Moreover, this trend continues to hold amid an essentially flat market, leading to a return of bullish sentiment for the Ethereum layer 2 chain.
Source: CryptoSlate.com
Drilling down into the weekly MATICBTC price chart, the current 0.00006085 price marks a 77-week high against the leading cryptocurrency.
The performance is particularly notable, considering Bitcoin cracked $21,000 for the first time since mid-September during this period, and Bitcoin dominance remains above 40% of the total cryptocurrency market.
Source: MATICBTC on TradingView.com
Polygon on a tear
The price of Polygon in dollar terms has been grinding higher since Sept. 22, having found support at $0.6990.
A 26% upside spike on Friday, November 4, saw MATIC break decisively above $1.04 resistance to close the day at $1.17. A weekend lull was followed by further gains for Monday, seeing the price reach
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