Polygon (MATIC) Rises 9% Amid DeFi & NFT Success

Share on Facebook Share on Twitter

Polygon (MATIC) Price Rises by 9% in One Week: What the Forecast Says for 2024

The cryptocurrency Polygon (MATIC) has recorded a price increase of 9% in the past week. This upward trend seems to be continuing through the end of 2023. The performance of the blockchain remained remarkably strong on several levels, while the price of MATIC received bullish impulses.

Polygon Reaches New Highs

The Twitter account “Today In Polygon” recently posted a tweet highlighting the achievements of the blockchain in the past week. According to this tweet, Polygon PoS has reached 3.4 billion total transactions. In addition, the number of gaming users on Polygon has increased by more than 30% in the past 30 days.

Network Activity and NFT Successes

Despite the massive increase in transactions, the blockchain’s network activity declined in the past week. The daily active addresses of Polygon as well as the daily transactions decreased. However, MATIC’s performance in the DeFi sector improved as its TVL (Total Value Locked) recorded a significant increase during this period.

alert-circle
You can also find us on Telegram: Click here to follow our Telegram channel.

The NFT ecosystem of Polygon remained active in the past week as well. FIFA sold out its new NFT collection on Polygon with 900 digital collectibles. The total number of MATIC’s NFT trading counters recorded an increase in the past week.

Is MATIC Living Up to Expectations?

MATIC’s price gained bullish momentum. According to CoinMarketCap, MATIC rose by almost 9% in just seven days. At the time of publication, the price was at $0.8626 with a market capitalization of over $8.2 billion. The good news is that the token’s trading volume increased in parallel with its price.

The MVRV ratio (Market Value to Realized Value) of MATIC improved in the past seven days, which could be seen as a bullish sign. However, the outflow from the exchanges decreased, suggesting that buying pressure is diminishing. In addition, the positive sentiment around the token decreased in recent days.

Sources: Artemis, Santiment, CryptoSlam, CoinMarketCap

Share on Facebook Share on Twitter

The 3 best cryptocasinos

Up to 1 BTC + 100 Free Spins
First Deposit Bonus
9.9
/ 10
Very good
Play now

T&Cs Apply, 18+

Bets.io review
Cryptocurrencies (12)
  • Bitcoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • usd-coin-logo
Bets.io review

Bonus information

Bonus code: BETSFTD
Wagering requirements: 40x the bonus amount
40x the winnings from free spins
Minimum deposit: 20 USDT or equivalent
Bonus validity: 14 days
  • Maximum bet per round while wagering: 2 USDT – 0.000066 BTC , 0.01 BCH, 0.0011 ETH, 0.02 LTC, 40 DOGE, 2.8 XRP, 25 TRX, 6.6 ADA, 0.008 BNB, 2 BUSD, 2 DAI, 2 EUR – 2 USD.
  • Bonus must be used within 30 days of registration.
Why we like this casino

Bets.io is an impressive crypto casino that boasts a variety of games and renowned software providers. The website is easy to use and offers a wide selection of games, which makes the gaming experience particularly enjoyable. Furthermore, the customer service is available 24/7. They are highly competent, ensuring a reliable and trustworthy service.

Last update by Isabella Brown (iGaming expert for > 10 years) on 1. March 2024
Curaçao
Licence
100% up to 1 BTC
Welcome Bonus
9.9
/ 10
Very good
Play now

T&Cs Apply, 18+

Metaspins review
Cryptocurrencies (9)
  • Bitcoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • usd-coin-logo
Metaspins review

Bonus information

Wagering requirements: 25x deposit & bonus
Minimum deposit: 0,1 mBTC
Bonus validity period: 7 days
  • Bonus & deposit must be wagered 25x
  • Max amounts: 1 BTC/10 ETH/10,000 USDT/10,000 USDC/100 BCH/200,000 TRX/35,000 ADA/150 LTC/125,000 DOGE
  • 7 days to wager
  • Minimum deposit: 0.1 mBTC
  • Slots 100%, game shows 50%, other 0%
Why we like this casino

Metaspins is still a very young crypto casino, but it can already convince with a very modern website, a good selection of games and, above all, an excellent bonus.

Isabella Brown
Last update: 1. March 2024
100% up to 1 BTC + 100 Free Spins
Welcome bonus
9.9
/ 10
Very good
Play now

T&Cs Apply, 18+

Empire.io review
Cryptocurrencies (9)
  • Bitcoin Logo
  • Ethereum Logo
  • Litecoin Casino
Empire.io review

Bonus information

Bonus Code KC100
Wagering requirements Bonus must be wagered 40x
Winnings from free spins must be wagered 40x
Minimum deposit 30 USDT or equivalent
Maximum bet €5 per round
Bonus currency Only with BTC and USDT deposit
  • The free spins are given on Sweet Bonanza.
  • VERY IMPORTANT: The bonus is only available when depositing with these methods: BTC & USDT.
  • To take advantage of the offer, change your wallet to mBTC (μBTC) or USDT and activate the bonus by clicking on “Redeem Bonus” and entering the bonus code.
  • Only the first deposit counts for the bonus.
Why we like this casino

We absolutely recommend Empire.io since it has one of the best crypto teams we know behind it. On top of that, it offers an extensive selection of slots and live games. The bonus is also exceptional with good conditions.

Last update by Isabella Brown (Nerd of Numbers) on 1. March 2024
Curaçao
Licence

Latest News

🍪
We use cookies. By using this site, you accept them.