- Polygon and Solana are competing for the top space in NFT sales volume.
- Solana and SOL are clearly showing more positive trends.
In recent days Polygon [MATIC] and Solana [SOL] competing for the 3rd and 4th positions in the Non-Fungible Token (NFT) sales rankings. How have they performed over the past thirty-seven days?
Polygon surpasses Solana in weekly NFT sales
A recent update from Polygon today revealed that Polygon has now surpassed Solana in the weekly NFT sales rankings. This development is significant because Solana has consistently led the way in NFT sales volumes in recent months.
The recent increase marks a notable shift for Polygon, which experienced a temporary dip in NFT sales volume discussions due to the increased popularity of Bitcoin inscriptions and the introduction of new NFTs to the Solana platform.
How Solana and Polygon have done in different time frames
The analysis of NFT sales volume over the past 30 days showed Solana as the third best performing company. The data on Crypto Slam showed that Solana witnessed substantial total volume of over $306 million during this period.
This represented a remarkable improvement of over 93%. Meanwhile, Polygon secured the fourth position in sales volume, reaching more than $83.8 million. There was also an increase of almost 46%. Notably, Bitcoin and Ethereum took the lead on the 30-day chart, with sales volumes of over $876.7 million and $318 million, respectively.
Within the span of seven days, Polygon claimed the third spot with revenues of over $44 million. Moreover, according to the latest data, it had the highest growth rate among the top networks, at over 160%.
Solana, on the other hand, secured the fourth position in this time frame with a sales volume of over $39 million.
Over the past 24 hours, Solana maintained the third highest volume, while Polygon occupied the fourth position. The latest figures reported sales volumes of $6.7 million for Solana and $5.6 million for Polygon at the time of writing.
The trend of SOL and MATIC
An analysis of the timeframe charts for Solana and Polygon showed positive trends over the past two days. The SOL price trend in particular has shown a more sustained uptrend, continuing over the past four days.
At the time of writing, SOL was trading around $103, reflecting growth of over 1%. Notably, the recent upward move has pushed the Relative Strength Index (RSI) line above the neutral line.
This marked a recovery from an earlier decline that had pushed the RSI below neutrality.
Source: trading view
Read Solana (SOL) price forecast 2024-25
In contrast, MATIC started its recovery on January 10 with an increase of 11.58%. The positive momentum continues, resulting in an additional 5% increase, and MATIC is currently trading around $0.9.
Moreover, the recent price increase has pushed the RSI back above the neutral line, indicating a positive trend in market sentiment.
Source: trading view
