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The volatility of the cryptocurrency space was on full display again on Monday.

The volatility of the cryptocurrency space was on full display again on Monday.

That Altcoin day trading madness has seen a hundred percent rebound in hours for Polygon, Maker. In addition, several altcoins experienced gigantic price rebounds following the market crash of the past week. Unfortunately, this proves that the volatility of cryptocurrency space has reached full display again on Monday.

Two Altcoins

Two altcoins, in particular, doubled in their value over just 12 hours leading into Monday morning. This took place as Polygon (MATIC) and Maker (MAKER) recorded over a hundred percent growth amid a strong market bounce.


Polygon climbed from a valuation of $0.75 on Sunday afternoon to a peak of $1.51 by early Monday morning. This marks a 101% gain in less than a day. This rapid rebound came soon after Polygon suffered 72% losses in less than a week.

MakerDAO’s Protocol

The valuation of Polygon fell from $2.68 to $0.74 since May 18. MakerDAO’s protocol, a governance token, also showed a similar pattern on Monday. The coin price increased from 1,835 on Sunday to 3,694 by Monday, which equals to 101% increase.

Miraculous Pump

Makers also experienced the miraculous pump followed by a 71% decline since the coin hit an all-time high in early May and a 63 % decline in the past week alone. Many traders are rejoicing such volatility. However, Bitcoin and Ether were subjected to less dramatic rebounds.

Less Volatility

These foremost cryptocurrencies gained 17% and 32%, respectively. Moreover, both coins experienced very little volatility throughout the recent market pump. In addition, the subsequent losses proved to be less severe, with BTC and ETH losing 51% and 60%, respectively, since their recent all-time highs.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.