Polygon’s NFT space witnessed growth over the last week, along with active users Exchange reserves fell, but MATIC’s MVRV Ratio looked troublesome Sandeep Nainwal, the co-founder of Polygon [MATIC], tweeted about the blockchain’s new achievement on 4 December. Polygon’s NFT ecosystem witnessed growth as Reddit minted over 250k “avatars” in a single day. Wowww!! 250k […]
MATIC’s price increased by 13% over the past seven days. At press time, MATIC was trading at $0.9386 with a market capitalization of over $8.19 billion.suggested that MATIC’s exchange reserves were decreasing, which was a positive sign as it indicated less selling pressure. The token’s number of daily transactions and transfer volume also increased.
However, not everything was working in its favor. Santiment’s chart revealed that despite the price hike, MATIC’s Market Value to Realized Value Ratio declined over the last week, which was concerning. Additionally, after registering an increase,Source: SantimentSubscribe to get it daily in your inbox.
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