Polygon holders have been apprehensive concerning the token’s value trajectory. But it surely’s fascinating to notice that MATIC is combating with the bears and holding strongly to its $1.33 help. On the time of this press, the token was altering wallets at $1.46, up by about 4.79% over the past seven days.
Let’s see what the metrics say
MATIC was in a position to document a mean of each day 3.5 million transactions together with 350,000 each day customers. Moreover, these transactions got here at a meager charge of $0.017. On this context, it also needs to be famous that Polygon has additionally been in a position to profit from the merger with Uniswap Labs.
Based on knowledge obtained from polygonscan.com, there was a sustained improve in exercise on Polygon. This comes as excellent news for the challenge because it has been in a position to preserve commerce quantity regardless of volatility out there.
Supply: Polygonscan.com
Apparently, the each day transactions have been on the rise after a skirmish in early March. By 20 April, there have been common each day transactions of round 3.2 million. Evidently, Polygon has been in a position to preserve the volumes from earlier weeks. It clearly reveals that buyers are usually not dropping curiosity within the token.
Supply: Polygonscan.com
Polygon has been in a position to appeal to new addresses persistently with over 141 distinct addresses presently on the platform. As of 20 April, there was a rise of over 119,000 new addresses every day. This new windfall of customers could be devoted to Uniswap’s scaling options which have contributed to Polygon’s rise in 2022.
Polygon set for the large reveal
22.4.22#wagmi? pic.twitter.com/u8WgeSpvBZ
— Polygon ? (@0xPolygon) April 18, 2022
Lately, Polygon posted a tweet signaling a giant announcement on 22 April. Many in the neighborhood predict a merger with PayPal. Nonetheless, there hasn’t been any official affirmation to this point.
It stays to be seen if the ‘large announcement on 22 April’ could have any affect on the token. As of now, MATIC appears to be missing demand to push the token as much as its near-term resistance at $1.70.
