Tag Archives: MATIC

Hours after Robinhood delisted ADA, MATIC, and SOL, the price action of the tokens was not what participants would have hoped for.

Selling pressure on MATIC has been increasing, causing its price to remain low. The sentiment around MATIC also remained negative. 

MATIC prices have been on a downward spiral since February, but there could be a reversal if BTC doesn’t see more losses in the next few days/weeks.

In its latest lawsuit against Binance, the SEC has listed 10 new crypto tokens as “crypto asset securities,” bringing the total number of such crypto tokens to 61.

Polygon zkEVM’s daily gas use reached a new all-time high on 4 June. MATIC’s price action was, however, negative. 

MATIC’s price decline and low MVRV-Z score suggest undervaluation amid Polygon’s growth and network activity.

When we asked ChatGPT about MATIC’s prices for 2023, its prediction bordered on absurd.

Polygon’s Reddit NFT collection surpasses 10 million holders and $32.7 million in sales, while other collections like y00ts face challenges. The declining social prominence of Polygon impacted the price of MATIC along with user interest.

A likely rebound from the range lows could set Polygon [MATIC] to reverse recent losses and retest $0.95. But the trend reversal depends on BTC.

Polygon zkEVM’s performance in May was praiseworthy as it registered growth on several fronts.

Polygon zkEVM had less than $500 million in total value locked.

As Polygon continues to expand its DeFi ecosystem, one thing can be said with certainty- the blockchain has a long way to go and many more milestones to achieve over the years to come.