Top cryptocurrencies to watch this week: DOGE, MATIC, XEC

MATIC drops below $1 amid 9% decline

Polygon followed the trend of the broader market, shedding $1.1 billion from its market cap amid a decline that saw it break below pivotal psychological support levels.

Like Dogecoin and the rest of the market, Polygon started the week on unfavorable grounds, recording two days of consecutive losses on March 18 and 19, with a combined loss of 14.87%. MATIC eventually gave up the $1 territory amid this decline, closing March 19 at $0.9317.

The next day introduced some good fortunes, as the asset leveraged the market-wide recovery to reclaim the $1 price. However, the days that followed marked the difference between Polygon and Dogecoin. The former dropped with the rest of the market over the next two days, forfeiting the $1 threshold.

MATIC is now looking to again recover this territory, but sharp opposition from the bears has slowed down its growth. Despite recording a mild intraday win on March 23, DOGE continues to trade below $1, with a 9.42% decline this week.

XEC sees massive 26% intraday gain

While eCash followed the trajectory set by Bitcoin for the broader market throughout this week, its turning point came up on March 24, when it recorded its second-highest intraday gain of the year.

Like the rest of the market, XEC also saw a bearish start to the week, before witnessing a recovery on March 20 in an 11.08% gain. However, the cryptocurrency consolidated between March 22 and 23, while the broader market experienced a second round of selloffs.

Amid this consolidation, XEC sternly defended the $0.00005 zone, looking to leverage it for the next run. This plan was successful, as eCash’s price shot up by as much as 26.32% on March 23, allowing the crypto asset to clinch a two-week high of $0.00006919 before seeing a mild correction.

Despite a 2.48% drop today, eCash has retained most of the gains picked up on March 23. The asset has held up well above the $0.00006 threshold, changing hands at $0.00006305 with a 15.2% gain this week.

$DOGE

$MATIC

$XEC