Over the past few weeks, Polygon [MATIC] has seen a sharp increase in network usage. There is a surge in daily active addresses; however, Polygon’s revenue plummeted considerably in the first quarter of the year. Also, there is speculation that MATIC could soon hit price correction. The speculation is largely based on a drop in Weighted Sentiment along with a hike in P/F Ratio. The latter signals that a further price drop could come in the future. Crucial metrics of Polygon have increased. This included trading volume and number of holders, among others. For starters, trading volume surged by $6.1 billion on a quarter-to-quarter basis. Second, the number of holders rose by 13.3% on a quarter-to-quarter basis and 84.9% on a year-on-year basis. Also, Market Capitalization grew by 31%.
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$0.999846
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BTC Dom 56.81 %
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$64,990.00
▲ +0.70%
ETH
$1,917.05
▲ +0.30%
USDT
$0.999437
▲ +0.00%
BNB
$592.77
▲ +0.40%
USDC
$0.999677
▲ +0.00%
XRP
$1.02
▼ -1.10%
SOL
$73.70
▲ +1.30%
TRX
$0.327205
▲ +0.10%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$54.20
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DOGE
$0.069804
▲ +1.40%
USDS
$0.999907
▲ +0.00%
RAIN
$0.012719
▲ +1.40%
LEO
$9.76
▲ +0.00%
ZEC
$511.79
▲ +3.60%
ADA
$0.201111
▲ +0.00%
XMR
$375.38
▲ +3.00%
WBT
$56.21
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LINK
$8.20
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XLM
$0.16184
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$0.999868
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BCH
$216.18
▲ +1.30%
USD1
$0.999846
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USDE
$0.999794
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GRAM
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$64,990.00
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$1,917.05
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USDT
$0.999437
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$592.77
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USDC
$0.999677
▲ +0.00%
XRP
$1.02
▼ -1.10%
SOL
$73.70
▲ +1.30%
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$0.327205
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FIGR_HELOC
$1.03
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HYPE
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$9.76
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XLM
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DAI
$0.999868
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BCH
$216.18
▲ +1.30%
USD1
$0.999846
▲ +0.00%
USDE
$0.999794
▲ +0.00%
GRAM
$1.35
▼ -1.80%
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BTC Dom 56.81 %
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ETH
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USDT
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BNB
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USDC
$0.999677
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XRP
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▼ -1.10%
SOL
$73.70
▲ +1.30%
TRX
$0.327205
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FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$54.20
▼ -3.20%
DOGE
$0.069804
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RAIN
$0.012719
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LEO
$9.76
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ZEC
$511.79
▲ +3.60%
ADA
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WBT
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XLM
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$216.18
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USD1
$0.999846
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USDE
$0.999794
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GRAM
$1.35
▼ -1.80%
