The crypto market is presently elated as Bitcoin has marked a new multi-year high, and its bullish impact can also be noted on MATIC’s price, which has risen by over 57% over the past month.

The altcoin is absorbing the optimism and pushing upwards despite the Polygon token observing potential drawbacks from its investors. Will they be looking to sell soon?

Polygon Traders Switch to Selling

Over the past month, Polygon’s price has seen considerable gains, reaching $1.12 at the time of writing. Unlike Bitcoin, MATIC faced considerable resistance throughout February, but support from its investors kept the rally going, bringing the cryptocurrency to an 11-month high.

The same investors could trigger a decline in the MATIC price as they have seemingly decided to start selling. The total supply of MATIC available on the exchanges noted an increase of 100 million MATIC in the last 12 days, bringing the total holdings to 1.2 billion MATIC.

Go to Source to See Full Article
Author: Aaryamann Shrivastava

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details