Polygon, which has an important place among Layer-2 blockchain networks, was showing peak performance about 2 years ago. However, after this period, a major decline began and today it is acting in a completely different scenario. Polygon, which remained among the top 20 cryptocurrencies for a very long time in the past and then moved away from this level due to declines for a while, seems to have returned to the top 20 with the recent rise. This happened after its market value exceeded $ 5.3 billion. It left behind MATIC, Litecoin and many other popular cryptocurrencies and is in 19th place as of writing time.
Polygon (MATIC) Reviews
Looking back in time Polygon’s (MATIC) shows its best performance on December 27, 2021. On this date, the price was seen to rise to $ 2.92, which marked an all-time high. However, the fact that it has not shown a noticeable increase since then has brought with it big question marks. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
On the other hand, in parallel with the news flow in the market in the last seven days, the price performance of MATIC, which has risen to $ 0.5511, marking the highest level in a month, has been quite promising. It is currently finding buyers at $ 0.5473 after a 33% fluctuation. On the other hand, the fear and greed index, which reveals the feelings of investors, is neutral in MATIC, which reveals a slow movement, and one of the highest fluctuations in the market is currently experienced.
The Future of Polygon (MATIC)
There are also some important developments on the Polygon side. It seems like a new one will be added to these in the recent period. Now the eyes are on a big move to increase liquidity and usability, which also affects whale activities. innovation MATIC, a venture, seems to have turned to POL. This could provide support for a new look or rebranding of the asset and contribute to its demand in the market.
In addition, Binance and Coinbase, one of the most popular crypto exchanges in the world MATIC’s They announced that they would support the transition to Pol, which caused an increase in the price of Polygon.
Market analysts reveal that if the conditions continue in the same way, a price movement towards $0.7 could occur. If the Polygon price breaks the resistance at $0.5545, it may regain upward momentum.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
