Flow

Boost

Polygon

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/matic-whales-boost-coins-value" data-wpel-link="internal" rel="noopener noreferrer nofollow">MATIC Whales Boost Coin’s Value</a><br></p>
<p style="text-align: justify">Polygon (<a href="https://en.bitcoinhaber.net/popularity-of-matic-coin-declines-amidst-bitcoins-battle-with-the-20000-range" data-wpel-link="internal" rel="noopener noreferrer nofollow">MATIC</a>) may be on the cusp of a bullish trend as the number of whale addresses holding significant amounts of Layer 2 tokens increases. Recent <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data reveals</a> a resurgence of whale activities, with a notable rise in addresses holding over 100,000 MATIC tokens. This uptick in accumulation suggests a potential upward movement in the market, marking a possible shift in the token’s performance trajectory.</p>
<h2 id="what-is-driving-whale-activity">What Is Driving Whale Activity?</h2>
<p style="text-align: justify">In the past week, the group of <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> holding substantial MATIC quantities has grown by 1.2%. These whales now account for 77.41% of the total circulating supply, which stands at 10 billion MATIC. This increase in activity has contributed to a 3% rise in MATIC’s value, reversing a broader market downturn observed over the same period. The profitability of altcoin transactions might be a significant factor in this trend.</p>
<p style="text-align: justify">Analyzing the daily profit/loss ratio of MATIC, which stood at 1.03, further emphasizes this point. For every losing transaction, there were 1.03 transactions that yielded profits for investors. This metric highlights the growing profitability and attractiveness of MATIC trading, potentially luring more whale investors.</p>
<h2 id="how-is-buying-pressure-affecting-matic">How Is Buying Pressure Affecting MATIC?</h2>
<p style="text-align: justify">Additionally, the Chaikin Money Flow (CMF) for MATIC registered a value of 0.07. This positive figure indicates stronger buying pressure compared to selling pressure, suggesting that buyers currently dominate the market. This influx of investment on bullish days aligns with the observed rise in whale activities, reinforcing the upward momentum.</p>
<h2 id="key-insights-for-investors">Key Insights for Investors</h2>
<p style="text-align: justify">For those considering investment in MATIC, here are some actionable insights:</p>
<ul>
 <li>Whale concentration: Over 77% of MATIC is held by whale addresses, indicating strong investor confidence.</li>
 <li>Profitability: The daily profit/loss ratio of 1.03 suggests more profitable transactions than losing ones.</li>
 <li>Buying pressure: A positive CMF value of 0.07 points to significant buying pressure in the market.</li>
 <li>Potential uptrend: The MACD indicator suggests a possible shift from bearish to bullish, signaling an uptrend.</li>
</ul>
<p style="text-align: justify">Evaluating these factors can provide valuable insights for potential investors looking to capitalize on MATIC’s market movements.</p>
<p style="text-align: justify">The positive signals from various metrics, including CMF and MACD indicators, suggest a growing bullish sentiment around MATIC. The MACD line crossing above the zero line typically indicates a shift from a bearish to bullish trend, hinting at a potential price increase. Investors should watch for these key indicators to better understand the coin’s future performance.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/matic-whales-boost-coins-value" data-wpel-link="internal" rel="noopener noreferrer nofollow">MATIC Whales Boost Coin’s Value</a></h5>

MATIC Whales Boost Coin’s Value

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