Polygon revealed the achievements of its zkEVM since its launch MATIC’s reaction was not up to the mark, but metrics supported a price surge Polygon [MATIC] had a lot to share with the crypto community with regards to its zkEVM’s achievements. To offer comprehensive EVM opcode equivalency for a seamless user experience and the security […]
of the top gainers in the Polygon ecosystem. However, MATIC’s weekly price action was not up to the mark. Thanks to the bearish market condition, the growth of most cryptos and MATIC witnessed restricted movement.at $0.797 with a market cap of more than $6.9 billion. However, things might soon change as MATIC’s Market Value to Realized Value Ratio has declined considerably over the past month. This could be an indicator of a market bottom.
MATIC’s active addresses also remained pretty consistent, which was also a positive signal. CryptoQuant’s revealed that MATIC’s exchange reserve was decreasing, suggesting less selling pressure. Nonetheless, Polygon’s network growth did not look optimistic, which might cause trouble in the coming days.Subscribe to get it daily in your inbox.
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