18 JUL, 2022

Polygon MATIC Values Can Tank Despite 22% Rise, Here Is Why

Polygon MATIC token values have been surging for the past week and represent a 22% rise.

The latest surge in prices has helped MATIC to wipe out the past losses.

However data is suggesting a fall could be in the offing in the coming days.

Polygon MATIC Values Surge 20% Over Past 24 hrs

As per data obtained from Santiment , MATIC values have surged by over 20% in the past on day.

The world crypto sector had a brief hiccup after the release of Consumer Price Index data.

The cumulative digital asset market cap surged by 3% in the last 24 hours and stood at $892 billion over the last day.

In the past month the diminutive coin has surged most and become the top gainers. It surged by a stupendous 43% in the same period of time.

However, looking closely the data suggests that the investor must be wary of a coming fall in prices.....

As the number of traders has increased by over 28% on the Polygon in the past 30 days.