25 April, 2024



Could MATIC/USD Potentially Break Past 1?

14 Dec, 2022

22 Nov, 2023

The majority of the MATIC tokens unlocked by Hermez Network and 0xPolygon have been flowing into exchanges. Of the 25M MATIC received by Hermez Network, approximately 2.8M ($2.6M) entered exchanges while 65.8M ($61M) of 131.2M transferred to investors by 0xPolygon ended up in exchanges. This shows the high demand for MATIC tokens and suggests that investors are confident about its growth potential. As more tokens are unlocked, the liquidity of MATIC is expected to increase significantly, paving way for soaring prices in the near future.

It will be interesting to observe how the increasing liquidity of MATIC affects its price in the long run. With more wallets holding and trading MATIC, it is likely that prices are bound to soar as investors continue to bet on the future potential of this promising token. It is safe to conclude that the unlocking of tokens by Hermez Network and 0xPolygon has been a positive development for the MATIC project, and could lead to further price appreciation in the days ahead.

The unlocking of tokens has also been a welcome move for developers and stakeholders as it opens up avenues for decentralized finance projects to be built on top of MATIC. With its high liquidity, MATIC is quickly becoming one of the most sought-after tokens in the DeFi space, and it is expected to see increased interest from both investors and developers in the coming months.

Overall, it can be said that the recent unlocking of MATIC tokens has been a positive sign for the project and its holders. With more liquidity and increasing demand, MATIC is likely to benefit from further price appreciation in the near future and could emerge as a leader in the DeFi space.

Source: Tradingview

At the time of writing MATIC/USD $0.92, with a market cap of $8B and 24-hour trading volume of over $398M, MATIC is one the most promising tokens in the DeFi space. With more tokens unlocking and increasing liquidity, MATIC is expected to see further price appreciation and become an even more attractive option for both investors and developers alike.

It is essential for investors to remain patient as the unlocking process unfolds, as it could hold the key to strong returns in the days ahead.  As more tokens are unlocked, MATIC holders and developers can look forward to a bright future with infinite possibilities.  Only time will tell how the unlocking of tokens affects the price of MATIC, but it is certainly safe to say that it has been a promising start.  For now, all eyes are on the future and what MATIC has in store for its holders.

Conclusion

The unlocking of MATIC tokens by Hermez Network and 0xPolygon has been a positive development for the project, as it has increased its liquidity and propelled demand from both investors and developers. With more wallets holding and trading MATIC, prices are expected to surge significantly in the near future. It is essential for investors to remain patient as the unlocking process unfolds, as it could hold the key to strong returns in the days ahead.  With more tokens being unlocked, MATIC is likely to benefit from further price appreciation and could emerge as a leader in the DeFi space.

Share:


By using this site, you agree to the Privacy Policy and Terms of Use.