Polygon loses to Solana in market cap – fret not, as it grows in this sector

MATIC’s performance on the metrics front looked bullish, which increases the chances of a continued price surge. For example, MATIC’s MVRV Ratio increased in the last week. MATIC’s net deposits on exchanges werecompared to the seven-day average, suggesting less selling pressure. Moreover, the total number of active wallets used to send and receive coins also registered an increase, which looked bullish.

Nonetheless, MATIC’s network growth went down sharply on 21 January. MATIC’s social dominance also decreased over the last few days, reflecting the token’s lower popularity in the crypto space.Subscribe to get it daily in your inbox.

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