- Polygon zkEVM has recorded growth in the past 7 days.
- New partnerships for Polygon, but price action remained negative.
ribbed [MATIC] The most recent Polygon zkEVM stats were published on January 31st. According to the data, the growth of zkEVM over the past week seemed promising for Polygon Network.
Source code available? verification
public testnet? verification
live samples? verificationZero knowledge doesn’t mean you don’t need to show your work. Polygon zkEVM is built transparently.
Here are the stats for the past week.
– Polygon ZK (@0xPolygonZK) January 30, 2023
Is your wallet green? verification Polygon profit calculator
For example, the total number of wallet addresses was 82,484, with an average blocking time of 1.1 minutes. In addition, the total number of published contracts grew by 17%, while the total number of blocks increased by 12.6%.
ribbed It also partnered with Genso to help improve the latter’s offerings. As part of this collaboration, Genso will create game worlds that are more detailed and vibrant than ever before, including landscapes, characters, dynamic weather, and more.
We are very glad to start cooperating with you @0xPolygon! We are confident that this will help us provide a more inclusive experience for the Genso community. See more in the article below and stay tuned for more updates!# Polygon _ whore
– Genso Meta (@genso_meta) January 30, 2023
WILL THIS MATIC HELP?
Despite these developments, the price of MATIC shocked investors with its drop of more than 6% in the past 24 hours. to me CoinMarketCapAt the time of writing, MATIC was trading at $1.09, with a market capitalization of over $9.4 billion.
Interestingly, despite the recent negative price movement, MATIC remained one of the top picks. WhaleStats notes that MATIC has made it to the Ethereum 500 Best Cryptocurrency List [ETH] holding whales.
🐳 Top 500 #ETH The whales crouch
$581,857,477 Chip dollar
$148,997,356 best dollars
$93,677,934 $matic
$84,718,936 $LOCUS
$83,525,116 dollar bits
$68,101,399 $link
$64,200,836 UNI $
$61,652,557 mana dollarsPisces leaderboard 👇 https://t.co/tgYTpOm5ws pic.twitter.com/63Jhpl6JDP
– WhaleStats (tracking crypto whales) (@WhaleStats) January 30, 2023
Investors may have more reason to worry as MATIC’s FX reserves increased, which was a negative sign as it indicated a rise in selling pressure. Santiment Chart revealed this matThe MVRV ratio recorded a decline, which increases the chances of the downtrend continuing.
The price volatility of MATIC has also increased for one week, which makes the value of MATIC subject to unprecedented change. However, the active wallets used to send and receive coins increased by 25.00% compared to yesterday, which was a positive.
Source: feeling
Realistic or not, here is MATIC’s market cap in terms of BTC
Bears outnumber bulls
a look at matThe daily chart also proves that the bears are gaining an advantage in the market over the bulls. MACD showed the possibility of a bearish cross soon. The MATIC Relative Strength Index (RSI) posted a decline, which was a development in favor of the sellers.
The Money Flow Index (MFI) is also lower, and is hovering near the neutral mark. According to the Bollinger Bands, MATIC price has been in a high-volatility area, which increases the probability of a price decline. The range of the exponential moving average (EMA) gave investors much-needed hope, as the 20-day moving average remained above the 55-day moving average.
Source: TradingView