With the strong uptrend in MATIC, the Polygon network is seeing an increase in address activity.
Polygon Network and interest and activity in the MATIC token are on the rise with the token’s ATH update. MATIC was one of the “most trending” digital assets in the crypto market in December, with a number of active addresses surging to 15,500 assets after the token reached its final peak in early December.
Network activity is a metric that correlates almost exactly with the price of the asset. According to the chart, traders were able to see the increase in network activity during the market rally. The only thing that might worry some investors is the unpleasant difference we can see between the network activity charts and the price of the asset. While the trend in MATIC can be considered as bullish, the network activity chart clearly shows downward movement.
MATIC Price Action
While the trading activity and the price of the token may differ slightly due to the speculative nature of the market, more traders and short-term investors are looking at the Polygon token to make a profit during the next rally.
According to CoinGecko, MATIC is up 73% in the last 30 days. It appreciated by 9 percent and entered the top 15 cryptocurrencies by market capitalization.
Polygon, also known as Matic Network, is a platform for scaling and infrastructure development of the Ethareum network.