- Since September 21, Polygon (MATIC) has increased by more than 200 percent.
- Polygon is down 15.01% in the last 24 hours.
The Polygon (MATIC) pair has broken over a psychological threshold of $2.00000 and is now hanging around the $1.84 horizontal support line. Since September 21, Polygon (MATIC) has increased by more than 200 percent. Binance and Coinbase back Polygon, a Layer 2 scaling solution. The project aims to increase cryptocurrency acceptance by addressing scalability issues across several blockchains.
In effect, Polygon converts Ethereum into a multi-chain system. There are alternative multi-chain systems like Polkadot, Cosmos and Avalanche but Polygon has added benefits of Ethereum’s openness, stability, and a thriving ecosphere.
Whale Alert collects data from many blockchains and consolidates it into a single database. Artificial intelligence is used to manually update individual, business, and exchange address databases. A mysterious whale shifted a large amount of MATIC from Binance to Bitfinex. When it occurred, it was worth $9,987,588 USD, according to Whale Alert, a blockchain research and monitoring company.
5,225,344 #MATIC (9,987,588 USD) transferred from #Binance to #Bitfinexhttps://t.co/Bo4nxeKpHk
— Whale Alert (@whale_alert) January 21, 2022
Whale Alert
Over the course, MATIC exchanged wallets for hundreds of millions of dollars. This coin movement was originally noticed by Whale Alert, a blockchain monitoring and research tool. On Fri, 21 Jan 2022 10:42:13 UTC, the transaction was completed successfully. Furthermore, the price of MATIC has decreased by 15.01% percent in the previous 24 hours.
Whale Alert tweeted:
“5,225,344 #MATIC (9,987,588 USD) transferred from #Binance to #Bitfinex”
According to CoinMarketCap, the Polygon price today is $1.84 USD with a 24-hour trading volume of $1,952,904,377 USD.
