Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject
Are you unhappy as a MATIC holder? Well, chances are you are.
There is some good news, however – You are not alone. What’s more – It’s likely that there will be more good news going forward on the back of the market’s general bullishness.
Consider this – The crypto-winter saw MATIC fall all the way down to $0.324 on 19 June 2022 – Its lowest level in over a year.
Now, it’s worth pointing our here that the alt has recovered somewhat, gaining by over 150% on the charts. Again, this lends itself to another important question – Does this reversal signal a bull run or is it a dead-cat bounce waiting to fleece unknowing investors?
In this article, we will take a look at events that have influenced MATIC’s price and the ones that will affect its future. Simply put, we can help investors make an informed decision because that’s the point of information like this.
Source: PolygonScan
At the time of writing, MATIC was trading at $0.89. The market capitalization stood at $6.59 billion with $383.2 million traded over the last 24 hours. With over 142 million unique user addresses and $5 billion in assets secured, Polygon PoS has processed more than 1.6 billion transactions till date.
Source: MATIC/USD, TradingView
In 2017, Sandeep Nailwal and his team set out to build a platform on Ethereum’s blockchain, one that would solve problems like network congestion, high fees and low transaction throughput. All this, without compromising on features like security and the dynamic ecosystem that Ethereum offers. This led to the launch of the Matic Network.
In February 2021, Matic rebranded
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