Polygon [MATIC] fell victim to multiple price corrections over several months, causing it to bleed its market capitalization.
fell victim to multiple price corrections over several months, causing it to bleed its market capitalization. However, the token recently gained bullish momentum, which can be attributed to the current market condition.Polygon to begin its recovery journey, MATIC’s price dropped by more than 17% in the last 30 days. Because of that, only 21.6k MATIC addresses were in profit, which accounted for just 3% of total Polygon addresses.
As per our analysis of Santiment’s data, investors’ were not moving MATIC much. This was the case as MATIC’s supply on exchanges and supply outside of exchanges charts were closely knit. Apart from this, Polygon was also awaiting a major upgrade, which will be released on the 4th of September, that has the potential to stir up bullish momentum around it.
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