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The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/news/polygon-price-analysis-institutional-interest-drives-massive-surge-in-matic-transaction-volume/">Polygon Price Analysis: Institutional Interest Drives Massive Surge in MATIC Transaction Volume</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a>
The recent On-Chain Analysis, highlight a significant surge in Bitcoin, Ethereum, and Polygon (MATIC) due to increased institutional demands and whale activity.
<h2 class="wp-block-heading" id="h-polygon-s-striking-bull-run">Polygon’s Striking Bull Run</h2>
<ul>
 <li>Transaction Surge: Over the last 30 days, Polygon (MATIC), an Ethereum scaling solution, experienced an extraordinary 3,800% surge in transaction volume, surpassing $100,000.</li>
 <li>Institutional Activity: Notably, transactions exceeding $100,000 have been categorized as ‘large transactions’ by IntoTheBlock, potentially indicating active involvement by institutional players in buying or selling MATIC.</li>
 <li>Price Surge: This surge in transaction volume propelled Polygon’s price above $0.80, a level not seen since July, leading to a remarkable 62% increase in MATIC’s market capitalization during the past month.</li>
 <li>Current Price: As of November 13th, the price of MATIC stands at $0.059278, marking a 6.55% surge in the last 24 hours.</li>
 <li>Correlation with Bitcoin: Polygon’s 30-day price correlation with Bitcoin is notably high at 0.88.</li>
</ul>
<h3 class="wp-block-heading" id="h-institutional-dominance-and-trends">Institutional Dominance and Trends</h3>
<ul>
 <li>Institutional Ownership: Approximately 84% of Polygon (MATIC) is currently held by large institutions and whales in the crypto market.</li>
 <li>Recent Flow: In the last 7 days, Polygon experienced an inflow of $77.91 million and an outflow of $64.26 million.</li>
 <li>Bullish Trend: Present trends indicate that Polygon is in a bullish state with a 9.33% positive outlook.</li>
</ul>
<h4 class="wp-block-heading" id="h-significance-for-investors">Significance for Investors</h4>
<ul>
 <li>Insightful Data: Monitoring large transactions can provide crucial insights into the behavior of influential market players, aiding investors in making more informed trading decisions.</li>
 <li>Identification of Trends: Analyzing large transaction volumes can help identify potential market manipulation or coordinated activities by institutional investors, improving market predictability.</li>
</ul>
<h3 class="wp-block-heading" id="h-boost-for-polygon-ecosystem">Boost for Polygon Ecosystem</h3>
Web3 gaming platform Immutable has revealed a groundbreaking partnership with Ubisoft, a top game developer, to create an innovative gaming experience leveraging Web3 technology.
<ul>
 <li>Powered by Polygon: Immutable’s zkEVM, powered by Polygon, is a first-of-its-kind gaming platform that offers zero-knowledge scaling solutions, including Immutable X, a roll-up built on StarkWare technology, providing developers access to various zk-based scaling options.</li>
</ul>
This alliance holds immense significance for the Polygon ecosystem, opening doors to a unique gaming experience and further establishing Polygon’s position in the crypto and gaming realms.

Polygon Price Analysis: Institutional Interest Drives Massive Surge in MATIC Transaction Volume

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