By the end of March, the Polygon network will have released (1) the beta version of its Zero-Knowledge Ethereum Virtual Machine. As an imminent crucial component of polygon development, this launch has been much anticipated within the community.
Moreover, the anticipation surrounding matic contributed to the excellent performance of the company during the previous month.
In anticipation of the forthcoming launch, recent sources (1) indicated that Polygon (MATIC) had entered the Top 5,000 ETH whales' most acquired tokens list. According to whalestats data, whales currently have up to $204.7 million matic at their disposal.
As a direct result of this evolution, the polygon (MATIC) lagged behind the SHIB, becoming the second most important coin held by the 5,000 whales of the ETH.
The Ethereum Main Whales Aggressively Harvest MATIC.
The total value of the funds held by MATIC for the 100 largest EFT whales currently stands at $181 million. Taking that into account, matic currently represents 3.75% of its assets. However, of the 100 whales, Shib has the largest chips. These whales raised about $648 million worth of shib chips, or 13.4 per cent of their total holdings.
According to statistics supplied by whalestats, the polygon is one of the 10 most bought tokens by the 100 whales eth. It also ranks among the top 10 chips in terms of trading volume and is one of the intelligent contracts that High Aether Whales use most often.
According to whalestats' data, a whale named saitima made a single matic purchase worth $23.34 million. Approximately 17.16 million matic tokens were exchanged over the course of this operation.
Forecast for the Pricing of Polygon (MATIC)
In the meantime, Polygon's Token MATIC has increased by 68% since start of year. However, he lost 15% over the past week and trading at $1,256 at the time of writing.
MATIC has underperformed the overall crypto market, which has decreased by 2.6% over the past seven days, as its price has decreased by 4.50 percent over the same period. In addition, its performance is worse than other intelligent Ethereum cryptocontracts, which are currently 1.40% lower.
Nevertheless, CoinGecko's research showed that the community had a positive perspective on polygon (MATIC), with more than 76% of people having a favourable view of cryptography.
Polygon performance can be attributed to multi-ecosystem growth. As mentioned above, the impending availability of the beta version of the zero-knowledge virtual machine is one of the main factors contributing to the increase in the price of materials. During these waiting periods, the price of the coin soared, increasing by a number of percentages.
The new national geographic publication may be another aspect that contributes to the polygon price return. The very first NFT series was made available by polygon after it was launched by the company.
These factors also contributed to higher fuel prices in January and early February. However, the current drop in the market has impacted the part and is trading at a loss.