These developments hinted that this new month would also be in MATIC’s favor. Incidentally, things were turning out to be true as Polygon registered a massive 10% growth in the last 24 hours.
CoinMarketCap’s data revealed that at press time, MATIC was trading at $0.9575 with a market capitalization of more than $8.3 billion.The recent pump of MATIC’s price sparked excitement among investors as they expected higher returns in the coming days. However, a look atMATIC’s MVRV Ratio took a downward path after registering a spike last week, which is a bearish signal suggesting a price plummet. MATIC’s network growth also followed a similar route and registered a decline.
Nonetheless, a few things were also working in MATIC’s favor, which provided much-needed relief. For instance, at press time, MATIC’s active addresses and the number of transactions went up compared to 2 November.was also quite popular in the crypto community, at the time of writing. Its social dominance spiked recently. Another piece of good news for MATIC came in as it recently flipped MATH to become the most traded token among the top 100 Ethereum whales.