Polygon [MATIC] showed promising price movements and managed to maintain some hope for better days ahead. MATIC registered a 3% growth in the last 24 hours and was trading at $0.7709, during press time. Not only did MATIC witness a positive price movement, but the token’s popularity also witnessed a surge. MATIC was among the […]
A look at MATIC on-chain metrics also painted a somewhat promising picture, as most metrics supported a possible uptick in the coming days. For instance, MATIC’s 30-day Market Value to Realized Value Ratio went up over the last week. This was a positive signal.
Furthermore, MATIC’s exchange outflow also registered a spike in the last two days, which was again a bullish sign.While several metrics were in favor of MATIC, a few of them suggested otherwise. Santiment’s chart revealed that MATIC’s development activity declined over the last week, which, by and large, was a negative signal.
Furthermore, despite the aforementioned promising developments, MATIC failed to attract more attention from the crypto community on social media as its social mentions witnessed a drop.Therefore, considering all the metrics and developments, things mostly seemed to be working in MATIC’s favor. However, traders and investors should be cautious before deciding to invest in the alt.Subscribe to get it daily in your inbox.
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