The post MATIC Price Testing Its Key Resistance Level! Massive Polygon Rally Underway? appeared first on Coinpedia Fintech News
The market has been displaying mixed sentiments as the elite coins continue to show stable trends, with the Midcap altcoins gaining massive momentum recently. Further, October has concluded positively, with Bitcoin price gaining over 28% in value during this month.
Polygon price has also recorded significant gains as the MATIC token has added over 24% in its value this month. Further, the token has recently gained massive attention, resulting in a price jump. But why is MATIC Price pumping so much?
Why Polygon Price Is Surging?
The Whale transactions involving MATIC tokens have increased by over 17% within the past week. The Polygon Network has recorded a 495% surge in its exchange flow, indicating a considerable movement in its volume.
The increase in whale accumulating means the MATIC price has a potential future in the long term perspective.
Polygon has gai
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