Bitcoin

Litecoin

Namecoin

What&#39;s been happening with MATIC lately? The ups and downs in its price have caught people&#39;s attention, and there&#39;s a lot to unpack – from what&#39;s driving these fluctuations to how investors are feeling about it all.Related: <a href="https://hodl.fm/polygon-matic-anarchy-crypto-drama-matic-ana" rel="noopener noreferrer nofollow">Polygon’s (MATIC) Price Slump: A 50% Loss in 2023 Fuels Analysts’ Call to Embrace Anarchy (ANA)</a>The token dropped to $0.85, but then recovered after the Polygon team offloaded a few tokens. Prices could soar up to $0.96 if the bullish momentum holds. According to a <a href="https://twitter.com/spotonchain/status/1757632475927601656?ref_src&#61;twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1757632475927601656%7Ctwgr%5E3538b0d5cdc46dc007d6c5079545af67370d50b9%7Ctwcon%5Es1_&amp;ref_url&#61;https%3A%2F%2Fambcrypto.com%2Fhow-polygon-foundation-can-affect-matics-growth%2F" rel="noopener noreferrer nofollow">recent update from Spot On Chain</a>, the Polygon fund (MATIC) sent 9 million tokens to Binance (BNB). According to chain tracking platforms, this was the second time in the last five days that Polygon unloaded MATIC. The first transaction involved a hefty $13.2 million transfer to the same exchange.Usually, when such large transfers occur, the cryptocurrency price drops due to the pressure from sellers. So, the swift recovery of MATIC suggests that the buying pressure outpaced the sellers&#39; actions. If that&#39;s the case, then it means that some other things were happening in the chain.This prompted checking out Polygon&#39;s volume. <a href="https://app.santiment.net/charts/vtg8VPLj__sCl" rel="noopener noreferrer nofollow">Using Santiment data</a>, a spike was noticed. At the time of writing, this indicator surged to 361.49 million. Coupled with the price action, the increasing volume could serve as a force of direction.<h3 id="read-more-on-a-href-https-hodl-fm-polygon-matic-price-analysis-rel-noopener-noreferrer-nofollow-hodl-a">READ MORE ON <a href="https://hodl.fm/polygon-matic-price-analysis" rel="noopener noreferrer nofollow">HODL</a></h3>

MATIC Token Might Undergo Bullish Growth in 2024

Mục lục

hodl.fm

Các bài viết khác được xuất bản trên 15 thg 2, 2024

Jupiter Price Prediction: JUP Soars 11% But Still Gets Overshadowed By This New Solana Meme Coin ...

Palm Collective and Polygon Labs Launch Contest for Creators at NFT Paris

How Will Bitcoin Respond to Halving, Mike Novogratz Weighs In

Pro-XRP Lawyer Deaton ‘Seriously Considers’ Run Against Senator Warren

Avalanche Network Addresses Grew by 100% in 2023: Ava Labs President

Demystifying Zion: The Bitcoin-Based Social Media App

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!