{"id":283248,"date":"2023-01-10T03:00:36","date_gmt":"2023-01-09T21:30:36","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=283248"},"modified":"2023-01-10T11:17:49","modified_gmt":"2023-01-10T05:47:49","slug":"polygon-are-these-holders-the-reason-behind-matics-latest-price-surge","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/polygon-are-these-holders-the-reason-behind-matics-latest-price-surge\/","title":{"rendered":"Polygon: Are these holders the reason behind MATIC&#8217;s latest price surge?"},"content":{"rendered":"<ul>\n<li><em>MATIC witnessed a 7% surge in the last 24 hours\u00a0<\/em><\/li>\n<li><em>However, the NFT volume took a hit since the beginning of 2023<\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Polygon [MATIC]<\/span><span style=\"font-weight: 400;\"> continued to stand in the limelight as its popularity among the big players soared. According to WhaleStats, it became one of the most used smart contracts among the top <\/span><span style=\"font-weight: 400;\">Ethereum [ETH]<\/span><span style=\"font-weight: 400;\"> whales in the last 24 hours.\u00a0<\/span><\/p>\n<p>https:\/\/twitter.com\/WhaleStats\/status\/1612276900285513732<\/p>\n<p><span style=\"font-weight: 400;\">The heightened traction among the whales coincided with a sharp jump in price and trading volume. At the time of writing, the network\u2019s native coin shot up by almost 7% from the previous day. Furthermore, the trading volume more than doubled, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/polygon\/\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Read <a href=\"http:\/\/ambcrypto.com\/predictions\/matic-network-price-prediction\">Polygon&#8217;s [MATIC] Price Prediction<\/a> 2023-24<\/p>\n<hr \/>\n<h3><b>All looking good? \u2018DeFi\u2019nitely<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Polygon\u2019s decentralized applications have garnered considerable attention of late. 14 out of the total 25 dApps operating on the network registered an increase in Unique Active Wallets (UAW), as per data from <\/span><a href=\"https:\/\/dappradar.com\/rankings\/protocol\/polygon\"><span style=\"font-weight: 400;\">DappRadar<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the DeFi front too, the total value locked (TVL) on the Polygon chain saw an increase of 2.3 % in the 24 hour period. It stood at the<\/span><a href=\"https:\/\/defillama.com\/chains\"><span style=\"font-weight: 400;\"> fourth<\/span><\/a><span style=\"font-weight: 400;\"> position in terms of TVL, well above other popular chains like <\/span><span style=\"font-weight: 400;\">Cardano [ADA]<\/span><span style=\"font-weight: 400;\"> and<\/span><span style=\"font-weight: 400;\"> Solana [SOL]<\/span><span style=\"font-weight: 400;\">, the list from DefiLlama revealed.<\/span><\/p>\n<figure id=\"attachment_283253\" aria-describedby=\"caption-attachment-283253\" style=\"width: 724px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/pasted-image-0-74.png\"><img decoding=\"async\" class=\"size-full wp-image-283253\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/pasted-image-0-74.png\" alt=\"\" width=\"724\" height=\"392\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/pasted-image-0-74.png 724w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/pasted-image-0-74-300x162.png 300w\" sizes=\"(max-width: 724px) 100vw, 724px\" \/><\/a><figcaption id=\"caption-attachment-283253\" class=\"wp-caption-text\">Source: DeFi Llama<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The growth in active addresses showed good signs and echoed the observation made earlier. The active addresses have almost doubled since the start of the year, data from Santiment revealed.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the flip side, the NFT volume took a beating after clocking $1.16 million in sales the previous day. Interestingly, the sales breached the $1.2 million-mark on January 6 when the <\/span><a href=\"https:\/\/twitter.com\/frankdegods\/status\/1611399534470664193?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1611399534470664193%7Ctwgr%5Ee2155c7feab7d7dde19aa3bb3adc235c061fb83e%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.coindesk.com%2Fweb3%2F2023%2F01%2F06%2Fpolygon-paid-top-solana-projects-y00ts-and-degods-3m-to-migrate-chains%2F\"><span style=\"font-weight: 400;\">announcement<\/span><\/a><span style=\"font-weight: 400;\"> of top Solana NFT projects migrating to Polygon was made public.<\/span><\/p>\n<figure id=\"attachment_283255\" aria-describedby=\"caption-attachment-283255\" style=\"width: 2048px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-13.45.24-09-Jan-2023.png\"><img decoding=\"async\" class=\"size-full wp-image-283255\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-13.45.24-09-Jan-2023.png\" alt=\"\" width=\"2048\" height=\"693\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-13.45.24-09-Jan-2023.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-13.45.24-09-Jan-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-13.45.24-09-Jan-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-13.45.24-09-Jan-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/Polygon-on-Polygon-MATIC-13.45.24-09-Jan-2023-1536x520.png 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/a><figcaption id=\"caption-attachment-283255\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The social activity reiterated the same deduction. The social traction increased when the news of migration broke out. However, the buzz has progressively subsided.<\/span><\/p>\n<figure id=\"attachment_283261\" aria-describedby=\"caption-attachment-283261\" style=\"width: 1500px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/LunarCrush-Share-ByeENe.png\"><img decoding=\"async\" class=\"size-full wp-image-283261\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/LunarCrush-Share-ByeENe.png\" alt=\"\" width=\"1500\" height=\"750\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/LunarCrush-Share-ByeENe.png 1500w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/LunarCrush-Share-ByeENe-300x150.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/LunarCrush-Share-ByeENe-1024x512.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/LunarCrush-Share-ByeENe-768x384.png 768w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" \/><\/a><figcaption id=\"caption-attachment-283261\" class=\"wp-caption-text\">Source: Lunar Crush<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\">Are your MATIC holdings flashing green? Check the <a href=\"http:\/\/ambcrypto.com\/calculator\/matic-network-profit-calculator\">Profit Calculator<\/a><\/p>\n<hr \/>\n<h3><b>Should holders be optimistic?<\/b><\/h3>\n<p>MATIC\u2019s price action suggested that the surge might continue for good over the next few days. As per the chart on the daily timeframe, the price broke past the resistance at $0.84. If bullish momentum continues, traders could see the price rallying towards $0.9.<\/p>\n<figure id=\"attachment_283262\" aria-describedby=\"caption-attachment-283262\" style=\"width: 1231px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/pasted-image-0-75.png\"><img decoding=\"async\" class=\"size-full wp-image-283262\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/pasted-image-0-75.png\" alt=\"\" width=\"1231\" height=\"668\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/pasted-image-0-75.png 1231w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/pasted-image-0-75-300x163.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/pasted-image-0-75-1024x556.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/pasted-image-0-75-768x417.png 768w\" sizes=\"(max-width: 1231px) 100vw, 1231px\" \/><\/a><figcaption id=\"caption-attachment-283262\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI) surged comfortably over the neutral 50 level, adding more evidence to the bullish narrative. The On-Balance Volume (OBV) indicator\u2019s upward trajectory again pointed to an increasing buying pressure.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Polygon has been riding high on a number of marquee collaborations of late. Recently it <\/span><a href=\"http:\/\/ambcrypto.com\/are-merry-matic-holders-in-good-spirits-thanks-to-polygons-latest-market-moves\/\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> the network partnered with global payments firm Mastercard to launch a web3-focused incubator to help artists connect with fans through a new medium.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MATIC witnessed a 7% surge in the last 24 hours\u00a0 However, the NFT volume took a hit since the beginning of 2023 Polygon [MATIC] continued to stand in the limelight as its popularity among the big players soared. According to WhaleStats, it became one of the most used smart contracts among the top Ethereum [ETH]<a href=\"https:\/\/ambcrypto.com\/polygon-are-these-holders-the-reason-behind-matics-latest-price-surge\/\">Continue reading <span class=\"sr-only\">&#8220;Polygon: Are these holders the reason behind MATIC&#8217;s latest price surge?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":70,"featured_media":283265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[1266],"class_list":["post-283248","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view","tag-matic"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Polygon: Are these holders the reason behind MATIC&#039;s latest price surge? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Polygon [MATIC] continued to stand in the limelight as its popularity among the big players soared. 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