Polygon ($MATIC) User Activity Spikes Despite Price Giving Back Gains

Polygon has recently seen a surge in daily active addresses, which tracks the number of users making a transaction on-chain each day.

Crypto exchange listings for the new POL token, as part of Polygon's rebrand, could have a major impact on the MATIC price.

Polygon ($MATIC) User Activity Spikes Despite Price Giving Back Gains

Data shows that Polygon has seen a surge in daily active addresses, which measures the number of users making a transaction on-chain each day.

Over the past 24 hours, Polygon saw a spike of 3,369 matic addresses being used to transact on the network, the second-highest value all year.

This increase in user activity could be leading to a surge in volatility, especially considering that the Polygon network is currently preparing for a rebrand to Polygon 2.0.

As part of this rebrand, major cryptocurrency exchanges are getting ready to list the new trading pairs, which is bound to lead to massive price swings as liquidity is shifted throughout the Polygon ecosystem.

A large number of dormant Polygon tokens have also started moving recently, which suggests that early investors or whales are taking profits following the recent pump to $0.57.

Since then, Polygon has retraced and is currently finding support at $0.42.

If buying pressure continues to increase, a reclaim of the previous trading range around $0.55 will see it run into resistance at the 100-day moving average.

If all goes smoothly in the coming weeks, Polygon’s price could be eyeing the yearly highs again, situated north of $1.28.

Investors looking for an alternative opportunity can check out Rollblock ($RBLK), which is set to be the next 100x crypto casino.

Presale Surges for Rollblock ($RBLK) – The Next 100x Crypto Casino

In a world where gambling is quickly pivoting towards Web3, Rollblock ($RBLK) is on a mission to integrate the cutting-edge technological advantages of crypto into the $450 billion gambling sector.

On the Rollblock casino, every bet will be recorded and encrypted onto the blockchain, leaving no room for doubt and completely removing any possibility of bet fixing.

This also means that games on the platform can be proven to offer better odds than competitors, a key factor in attracting high-volume players.

Another Web3 ace up Rollblock's sleeve is the lack of KYC requirement, which means registration is completely anonymous and free from any risk of data breaches.

To get started, users can simply connect their crypto wallets and begin rolling the dice on over 150 casino classics. A sports betting feature is also in the works to allow betting on major international sporting tournaments, a highly requested addition.

Fully licensed and regulated by Solid Proof and Gaming Curacao, the native token RBLK is set to be a game changer in the crypto gaming niche.

The token can be staked for up to 30% in risk-free passive income, and holders will benefit from a unique revenue share mechanism.

This will see the casino buying up the token each week using up to 30% of its profits, reducing supply and ensuring that price grows consistently over time.

Currently, the Rollblock price offer is at just $0.024, set for another hike.

Investors are advised to hurry and make an allocation to this 100x crypto casino upstart!

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino

The above is the detailed content of Polygon ($MATIC) User Activity Spikes Despite Price Giving Back Gains. For more information, please follow other related articles on the PHP Chinese website!