• MATIC’s strength reflected how the cryptocurrency defied the odds during the 2022 crypto winter. 
• More holders have gained than they have lost in the last six months.

In 2022, the cryptocurrency market experienced an insane amount of volatility. But one asset that held its own during the series of capitulations was Polygon [MATIC]. Crypto investor and analyst Dan Lim comprehensively looked at the token’s condition in his CryptoQuant publication.

Read Polygon’s [MATIC] Price Prediction 2023-2024

Tough on the challenges

According to him, MATIC’s remarkable resilience was due to its increased velocity. In crypto, the velocity of an asset refers to the total amount of coins moved over the past year divided by the total supply. This metric serves as an indicator of the coins circulating within the crypto economy.

At press time, the metric was still at an increasing rate. This showed that MATIC tokens were circulating fast.

Dan Lim also pointed to the Polygon trading volume as one reason MATIC’s value has remained relatively stable. The analyst noted that before June 2022, the volume hardly increased. However, after the period, it exempted itself from the trend and tu

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Author: Victor Olanrewaju

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