The recent upgrade to the Polygon network, Polygon 2.0, aimed at establishing MATIC as the “value layer of the year” has been futile for MATIC price movements. The network has recently experienced a loss of over 92% of its addresses.
Investors are left baffled by the concerning news of an overwhelming drop. As most MATIC addresses are currently out of money, MATIC’s price has fallen significantly. Some experts anticipate the end of MATIC.
Market analysts are tilted towards Arbitrum (ARB) and DTX Exchange as both these coins have better odds than Polygon.
MATIC’s Price Fall Is Expected as 92% Of MATIC Addresses Are Lost!
The news of 92% of Polygon’s active addresses losing money has concerned analysts about MATIC price movements. Amid the loss of active addresses, MATIC price falls to a nine-month low. This has exacerbated the situation, raising concerns among traders and investors.
Technical analysis reveals that the MATIC price is currently below the 50 and 200-day moving averages. This drop helps identify the palpable bearish pressure. Polygon experiences significant selling pressure, as the investors fear a prolonged bearish takeover.
MATIC price requires a massive bullish trigger for a bullish reversal to gain momentum. Therefore, the situation seems bleak for Polygon at present marking the failure of Polygon 2.0 to help a swift ascend of MATIC price. Investors tilt towards better opportunities such as Arbitrum (ARB) and DTX Exchange (DTX).
Arbitrum (ARB) Experiences Significant Transaction Growth
Arbitrum (ARB) gains investors’ attention with a significant transaction increase. The platform’s transactions peaked at 2.6 million in June. However, Arbitrum’s (ARB) Total Value Locked (TVL) has decreased despite transaction growth.
According to IntoTheBlock data, Ethereum’s layer-2 solution, Arbitrum (ARB) has experienced a notable increase as the transaction volume on the network quadrupled over the past year. The increase became particularly evident in the second quarter following the integration of Ethereum Improvement Proposal (EIP) 4844.
EIP-4844 aimed to enhance Ethereum’s scalability by introducing a new transaction type that processes data more efficiently. Thus, market analysts view Arbitrum (ARB) as a better bet than Polygon.
Analysts Pick DTX Exchange (DTX) Eyeing its 100X ROI
DTX Exchange (DTX) has proven its worth as the most robust trading platform of this bull run. Market experts suggest investing in DTX Exchange over Polygon as the former offers better ROI with its explosive growth potential and innovative features.
The emerging platform has been a buzz in the crypto sphere with its access to over 120,000 assets across Forex, Commodities, Stocks and Bonds, and Crypto. The platform is a ticket to the pinnacle of high-velocity trading. Its speed of 18000 TPS has garnered investors’ interest.
Trading at $0.04, the platform is known as a gateway to explosive gains. It has readily gathered over $800,000 at the beginning of its second stage of presale. The token price is soon to surge in the upcoming stages of the presale, therefore, now is the perfect time to invest in DTX Exchange and become a part of its impeccable success.
Learn more:
