Ali MartinezA crypto analyst has reported that addresses holding 100,000 to 1,000,000 MATICs have held over 20,000,000 MATICs since May 15, according to sentiment on-chain data. MATIC was falling to a low of $0.476 on May 12 before entering its current consolidation.
Other than this, whalestats Data reports that MATIC has ranked among the top 10 largest trading volumes of 500 ETH over the past 24 hours.
According to reports, around 2,000 ETH is held at $118,390,533 MATIC. Furthermore, MATIC continues to trade in the range providing holders with ample opportunities to make deposits.
Meanwhile, MATIC rose 2.84% at $0.63 in line with the latest crypto market rebound. In any case, a break above $0.84 could lead to lower levels at $0.47, which could lead to gains on the upside.
In addition, customers will now be able to deposit and withdraw Polygon USDC – making payment acceptance and payment easier. This will allow off-ramp to be in fiat currency as and when it is desired.
Polygon is a layer 2 scaling solution designed to run decentralized applications (DApps) developed for Ethereum. For example, as of May 2022, it has already detected over 19,000 dApps and over 2.7 million active monthly wallets.
Users will be allowed to transfer and swap Polygon USDC from their native USDC counterparts, which are among the eight blockchains currently supported.
They are named Algorand, Avalanche, Ethereum, Flow, Hedera, Solana, Stellar and TRON.
