Polygon holders have been fearful concerning the token’s value trajectory. Nevertheless it’s fascinating to notice that MATIC is combating with the bears and holding strongly to its $1.33 help. On the time of this press, the token was altering wallets at $1.46, up by about 4.79% during the last seven days.
Let’s see what the metrics say
MATIC was in a position to report a mean 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.
In line with 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 preserve commerce quantity regardless of volatility available in the market.
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 preserve the volumes from earlier weeks. It clearly exhibits that traders usually are not shedding curiosity within the token.
Polygon has been in a position to entice 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 each day. This new windfall of customers may be devoted to Uniswap’s scaling options which have contributed to Polygon’s rise in 2022.
Polygon set for the massive reveal
22.4.22#wagmi💜 pic.twitter.com/u8WgeSpvBZ
— Polygon 💚 (@0xPolygon) April 18, 2022
Not too long ago, Polygon posted a tweet signaling a giant announcement on 22 April. Many in the neighborhood expect a merger with PayPal. Nonetheless, there hasn’t been any official affirmation to this point.
It stays to be seen if the ‘huge announcement on 22 April’ could 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.