Polygon Transaction Volume Spikes, Will MATIC Price Soon Follow?
Polygon transactions have seen another spike, total addresses are at an all-time high of 1.6 million MATIC price increase of 1.5%.
MATIC prices have been outperforming markets will they climb further?
The total transaction of MATIC hit $260 million on Dec 12 which is an increase of 900% million on Dec 12 which is an increase of 900% from the $26 million on the previous day.
The MATIC volume increase has eclipsed the week's average of $170 million per day. the uptick could be a precursor to a larger price movement for the network's MATIC token. these volume spikes have become more frequent in recent weeks.
The Polygon total number of transactions was 4220 up from the previous day's 3000 transactions. the total volume for the day was 292 million MATIC tokens.
Polygon active addresses increased 31% on Dec 12. this is in line with the volume uptick Polygon active addresses on the network have been down-trending since mid-November when they hit a three-month high of 9159.
The live Polygon price today is $0.899965 with a 24-hour trading volume of $257,939,054. Polygon is up 1.24% in the last 24 hours. The current CoinMarketCap ranking is #10, with a live market cap of $7,860,576,493. It has a circulating supply of 8,734,317,475 MATIC coins and a max. supply of 10,000,000,000 MATIC coins.
Polygon price statistics the MATIC price change in 24 hours is +$0.01007 of 1.10% and 24 hour low is $0.8814 and 24 hours high is $0.912 with 0.92% Market dominance.
Polygon's 7-day low is $0.8759 and the 7-day high is $0.9324 with a 19806.85% Polygon ROI.
MATIC price has boosted 1.7% on the day to reach $0.901 the asset has gained 9.5% over the past fortnight. the top ten ranked crypto asset has a market capitalization of $8 billion.