Increased Network Activity On This Blockchain Could Raise The Price Of Native Token!

Polygon (MATIC) Its price may continue to rise with the increase in the number of decentralized applications (dApps) on the MATIC blockchain. Ethereum scaling solution Polygon continues to power more decentralized applications on its network, and therefore users, by fixing disruptions to its operations.

Increased Network Activity May Raise The Price of MATIC!

MATIC price, is trading at 50% lower than its all-time high, but the locked aggregate value of the Ethereum scaling solution continues to increase consistently. The Polygon community continues to argue that MATIC competes with scaling solutions and layer-2 networks.

Looking at active addresses, the total number of dApps on the Polygon network was 326,000, with the most dApps published on this network this week. Proponents believe that decentralized applications on the Polygon network contribute to the development of the Web3 ecosystem.

The MATIC network has witnessed an increase in transaction volume from dApps without the high transaction fees and network congestion hassles on the Ethereum network. The development team behind the MATIC token recently fixed the disruption in the operations of the blockchain network. The fix prevented network congestion on the blockchain of the MATIC network.

Analysts evaluated the MATIC price trend and predicted the Ethereum scaling solution a 36% increase in the blockchain’s native token. polygon meshbelieves that MATIC can break out of the downtrend. FXStreet analysts pointed out that the MATIC price trend always forms an ascending or ascending wedge before the falling wedge pattern.

To sum it up, the altcoin may be poised for a rise, and analysts think MATIC has gathered liquidity and is poised for a higher return. MATIC price could surpass the $2.69 level in the current uptrend before it turns bearish. FXStreet analysts predict that MATIC price is ready for bullish continuation cycle.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.

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