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 assist. 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 median of day by day 3.5 million transactions together with 350,000 day by day customers. Moreover, these transactions got here at a meager payment of $0.017. On this context, it must also be famous that Polygon has additionally been in a position to profit from the merger with Uniswap Labs.
Based on information obtained from polygonscan.com, there was a sustained improve in exercise on Polygon. This comes as excellent news for the mission because it has been in a position to keep commerce quantity regardless of volatility out there.
Apparently, the day by day transactions have been on the rise after a skirmish in early March. By 20 April, there have been common day by day transactions of round 3.2 million. Evidently, Polygon has been in a position to keep the volumes from earlier weeks. It clearly exhibits that buyers will not be dropping curiosity within the token.
Polygon has been in a position to appeal to new addresses constantly with over 141 distinct addresses at present 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 massive reveal
— Polygon 💚 (@0xPolygon) April 18, 2022
Not too long ago, Polygon posted a tweet signaling an enormous announcement on 22 April. Many locally expect a merger with PayPal. Nevertheless, there hasn’t been any official affirmation to date.
It stays to be seen if the ‘massive announcement on 22 April’ may have any influence 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.