Crypto Market Retreats; Polygon Assets Oversold, Investment Surges

Amidst a general market decline, several crypto assets on the Polygon network exhibit oversold valuations, triggering an influx of funds into the network. Investors are turning to top-performing cryptocurrencies on Polygon for shelter, including Aether Games (AEG), Aavegotchi FUD (FUD), Metavault Trade (MVX), and SPONGE (SPONGE), which post impressive gains despite broader market weakness. While the current price action may indicate a momentary pullback, investors should keep an eye on these assets' potential for future upside in the coming months.

Crypto Markets Experience Pullback, Polygon Network Assets Display Oversold Valuations

Due to a general decline in asset prices across the cryptocurrency market, investors should anticipate a temporary retreat in the value of crypto assets. Several assets on the Polygon network have also exhibited relative strength indices indicating oversold valuations. This widespread price reduction has prompted a surge of investment into the network.

Top Trending Cryptocurrencies on Polygon

Bitcoin, which recently fell below the pivotal $67-$68 support level, is currently trading around $66,000. Its price movement may have influenced the decline in altcoin prices as well. Investors are turning to the most in-demand assets on the market to seek refuge. We highlight Sponge V2 in particular below. SPONGE has shown promising performance since its launch and may present investors with an opportunity to capitalize on the price drop.

1. Aether Games (AEG)

Aether Games (AEG) is currently valued at $0.1417, with a 24-hour trading volume of $415,580.07. It has experienced a 11.06% price decline in the past 24 hours and a 24.86% drop over the past week. With a circulating supply of 75 million AEG tokens, Aether Games has a market capitalization of $10,717,565.

Over the past week, Aether Games (AEG) has underperformed the broader cryptocurrency market, declining by 2.10%. It has also lagged behind comparable Polygon Ecosystem cryptocurrencies, which have not yet experienced any significant changes in value.

AEG tokens are traded on centralized crypto exchanges, with KuCoin being the most popular choice. The most active trading pair for AEG is AEG/USDT, which had a trading volume of $87,538.86 in the past 24 hours. Investors can also trade AEG on other prominent exchanges such as Gate.io and Bybit.

Aether Games is a transmedia development studio that creates immersive experiences through games, series, and interactive AI technologies. The company aims to enhance the gaming experience while also empowering players in a manner that includes traditional gamers.

2. Aavegotchi FUD (FUD)

Aavegotchi FUD (FUD) is currently priced at $0.000339, with a 24-hour trading volume of $144.69. Its market capitalization is $7,306.46. Despite minimal movement, the FUD price has remained stable, increasing by 0.00% in the past 24 hours.

Aavegotchi FUD reached its highest price on July 24, 2022, when it hit an all-time high of $0.016570. Conversely, it had its lowest price on November 22, 2023, at $0.000293.

The bearish sentiment surrounding Aavegotchi FUD price predictions is reflected in the Fear & Greed Index, which currently stands at 79 (Extreme Greed).

The current circulating supply of Aavegotchi FUD is 21.57 million out of a maximum supply of 20 billion. Notably, it has experienced 30 consecutive green days in the past 30 days, indicating positive performance.

FUD is the most common alchemica raw element in the Gotchiverse, with a total supply of 100 billion. Players within the Gotchiverse game can harvest FUD by owning or borrowing an Aavegotchi.

3. Metavault Trade (MVX)

Metavault Trade, a decentralized spot and perpetual exchange, demonstrates resilience and potential with its low swap fees and zero-slippage trades. Backed by a multi-asset pool of liquidity providers, it is currently priced at $2.18, representing a 14.29% increase in the past 24 hours. It has a trading volume of $252,473 and a market capitalization of $4.42 million.

The token's price history reveals a high of $5.91 on February 28, 2023, and a low of $0.940434 on October 19, 2023. It is currently in a bullish trend, with an Extreme Greed reading of 79 on the Fear & Greed Index. With 2.03 million MVX in circulation out of a maximum supply of 4.00 million MVX, it maintains strong liquidity and trades above the 200-day simple moving average.

Recent trends indicate 17 green days in the past 30 days, suggesting a favorable trading environment. Despite fluctuations, 2025 has been both the best and worst-performing year for Metavault Trade, with a price drop of 14.70%. The token typically performs well in Q1, with an average gain of 63.53%, but experiences challenges in Q2, with an average loss of 50.02%.

Potential Future Top Crypto

SPONGE recently entered a consolidation price action at the $0.002129 range. However, the sudden decline in Bitcoin's price has generated mixed reactions among investors. While some express concern over the potential for a further decline ahead of the halving leg up, others anticipate a price rebound.

The current market conditions have caused a marginal dip in the overall value of cryptocurrencies. Consequently, investors hoping for SPONGE to resume an uptrend may need to exercise patience. Nonetheless, SPONGE's RSI and ADI readings suggest that it has the potential to initiate a significant price rally in the near future.

Despite a 3% price decline, SPONGE experienced a 20% increase in trading volume over the past 24 hours. This indicates accumulation at lower prices and growing visibility for the SPONGE token.

The project is currently in the early stages of developing its play-to-earn game, which is scheduled for launch soon. This factor, coupled with the token's utility within the game's economics, could contribute to SPONGE's future price performance.

Additionally, SPONGE is actively promoting its staking initiative to increase the rate at which it absorbs excess tokens in circulation. According to a recent announcement on its official Twitter account, over $20 million worth of SPONGE is currently staked on the platform.

This increased demand for the token is expected to result in a corresponding increase in price. Investors interested in prospective assets to monitor should consider adding SPONGE to their watchlists.

Conclusion

The current pullback in the cryptocurrency market presents opportunities for investors to accumulate assets at lower prices. The Polygon network offers a diverse selection of trending cryptocurrencies with potential for growth. Investors who conduct thorough research and monitor market conditions can capitalize on these opportunities and potentially achieve significant returns in the future. However, it is essential to exercise caution and invest only what you can afford to lose, as the cryptocurrency market remains volatile and unpredictable.