The much-awaited Polygon [MATIC] ZK launch is one day away. Amid the buzz around the launch, several interesting developments made their way to the Polygon ecosystem. These updates managed to positively affect the price of MATIC as the altcoin registered a promising uptick. DRUMROLL – ONE DAY TO GO…🥁 pic.twitter.com/VWpk7Vr4pz — Polygon – MATIC 💜 […]
Furthermore, Santiment’s data revealed that MATIC’s popularity also increased over the last few days as its social volume spiked on 9 October. Moreover, MATIC’s network growth also registered an uptick, which was yet another positive sign for the token.’s Market Value to Realized Value ratio registered a slight uptick, it still decreased as compared to the beginning of the week.
MATIC’s volume also followed the same path and declined over the last few days. The NFT space also failed to register any positive movements, as MATIC’s total NFT trade count dwindled during the past week.’s daily chart revealed that there were high chances of the token maintaining its uptick in the coming days. This was because the 20-day EMA was fast approaching the 50-day EMA , increasing the chances of a bullish crossover.
Furthermore, the Moving Average Convergence Divergence indicator also painted a similar picture. It suggested a buyers’ advantage in the market. MATIC’s Chaikin Money Flow also registered an uptick and was moving further above the neutral position. This increased the possibility of a continued northbound movement.
However, the Relative Strength Index and On Balance Volume went down slightly, which might restrict MATIC from going up in the short-term.Subscribe to get it daily in your inbox.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Is Polygon facing trouble in the MATIC paradise amid its Web3 expansion plansPolygon [MATIC] has managed to show consistent growth in the L2 space despite the L2 space seeing a rise in the number of projects. However, will Polygon be able to continue this growth in the future given the current situation of the cryptocurrency market? The answer to this question may lie in Polygon‘s long term plans […]
Read more »
Polygon records 3X growth in this area; still, MATIC faces challengesIn its latest report, Polygon [MATIC] claimed to have recorded remarkable growth in the Decentralized Applications (dApps) arena. According to the third quarter assessment released on 7 October, dApps built on the Polygon chain stood at 53,000. This number represented a 60% increase from Q2 and a 3x growth from March 2022. But you can’t […]
Read more »
MATIC crucial resistance level breaks, bulls plan their next assaultDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Polygon swift to climb past the mid-range mark last week Buyers look to be in control as Bitcoin battles to stay above $19k USDT Dominance has ranged from 7.28% to 7.7% since the third […]
Read more »
Polygon records 3X growth in this area; still, MATIC faces challengesIn its latest report, Polygon [MATIC] claimed to have recorded remarkable growth in the Decentralized Applications (dApps) arena. According to the third quarter assessment released on 7 October, dApps built on the Polygon chain stood at 53,000. This number represented a 60% increase from Q2 and a 3x growth from March 2022. But you can’t […]
Read more »