Will Polygon Get Back To $1? Or Are Rollblock and DOGE More Likely To Break The Dollar Mark?

#MemeWatch2024 #CMEBitcoinSpotTrading #BinanceLaunchpool #buythedip #BTC Polygon has been one of the worst-performing cryptocurrencies over the last year. Its value has plummeted by 20%, and Polygon’s (MATIC) trading volume has crashed as investors lose confidence. With a potential bull run incoming, investors are asking if Polygon will recover or if Dogecoin (DOGE) and Rollblock (RBLK) could be stronger investments. At first glance, Dogecoin and Rollblock appear to be better options, having both seen strong returns over the past month.

Polygon Continues To Crash Despite Trading Volume Increases

Polygon’s trading activity increased dramatically during the first two weeks of May. Whale transactions were up by 2% and Polygon’s daily trading volume was also rising. However, following a fortnight of disappointing returns, investors are losing confidence in Polygon. Over the last month, Polygon’s price has decreased by 3.07%. This decrease has worsened over the past week, with an additional 1.91% decline while other altcoins have started to rally. With Polygon now trading at $0.6692, experts fear additional decreases could take MATIC as low as $0.60.

Dogecoin Breaks Key Resistance

Cryptocurrency analyst Kevin recently predicted that Dogecoin needs to break above its $0.153 resistance level to gain any additional momentum. Following a 2.12% increase over the last 24 hours, Dogecoin has broken this level and is now trading at $0.159. This could trigger an additional rally over the next week, pushing Dogecoin up an additional 10%.Over the past 24 hours, Dogecoin’s daily trading volume is up by 10.07%, suggesting that a bullish sentiment could be building around the meme coin. With this in mind, many investors are buying Dogecoin (DOGE) to capitalize on a potential upcoming rally.