Polygon

<ul><li>Polygon’s on-chain activity spikes with 3,369 active addresses on the network.</li><li>A significant increase in dormant MATIC coin movements suggests a possible market shift.</li><li>Age Consumed metric surge on Polygon hints at growing interest despite price dip.</li></ul>Polygon&#39;s on-chain activity has surged despite the ongoing decline in <a href="https://cryptotale.org/polygon-matic-and-aave-aave-indicate-a-bullish-momentum/" rel="noopener noreferrer nofollow">MATIC&#39;s</a> price. Recent data highlights an increase in both daily active addresses and the movement of dormant MATIC coins. These developments suggest that a potential reversal for MATIC may be on the horizon, even as the broader cryptocurrency market remains weak.At press time, Polygon was trading at <a href="https://coinmarketcap.com/currencies/polygon/" rel="noopener noreferrer nofollow">$0.4384</a>, reflecting a 5.22% drop in the last 24 hours. The market cap stands at $4.38 billion, a decrease of 5.36%. Despite the bearish trend, trading volume has surged by 29.49% over the past 24 hours, reaching $403.3 million.Santiment, a blockchain analytics platform, reported a significant spike in the Age Consumed metric for MATIC. This metric measures the movement of dormant tokens by multiplying the number of coins in motion by the time since their last transfer. A sharp increase in this metric often precedes price reversals, indicating renewed interest from long-term holders.On August 27, the Polygon network recorded one of its highest levels of activity this year. A total of 3,369 addresses interacted on-chain, marking the second-highest day of the year in terms of daily active addresses. This spike in activity coincided with the surge in the Age Consumed metric, suggesting that major dormant wallets are becoming active again.<a href="https://cryptotale.org/matic-spikes-in-on-chain-activity-amid-dormant-coin-movement/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

MATIC Spikes in On-Chain Activity Amid Dormant Coin Movement

CryptoTale

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