Polygon (MATIC), is trading in the top 8 in terms of cryptocurrency volume or increased selling pressure due to the recent market collapse. However, the cryptocurrency MATIC once again landed on the top picks of the Ethereum (ETH) Whales.
ETH whales hold MATIC
According to WhaleStats (tracking crypto whales) data on December 14, Polygon (MATIC) joins the list of the top 10 most bought cryptocurrencies by ETH whales. In terms of trading volume, MATIC traded at $49,650 and also became part of the list. Notably, the price of the cryptocurrency MATIC rose 3% in the past 24 hours.
According to the data collected from whale statistics, ETH whales bought MATIC worth $3.7 million. In addition, according to Whale Alert data, MATIC worth $9.2 million was transferred from Binance to another wallet. ETH whales currently have MATIC worth $18 million at a concentration rate of 2.48%. Currently, DAI stablecoin is the largest coin held by the ETH whales with a concentration rate of 2.57%.
Polygon (MATIC) price analysis
The minimum price of Polygon is $0.859914, based on a technical price analysis for 2022. The MATIC price can rise to a maximum of $0.979902. The estimated average trade price is $0.949905. At the time of writing this piece, the live price of MATIC is $0.9239. According to the current accumulation of MATIC by whales, this indicates that the price may increase in the coming days.
MATIC current price
According to the coinmarketcap data, the live market cap of MATIC is $361,504,687 USD 24-hour trading volume. The live Polygon price is $0.93049 USD. In the last 24 hours, Polygon is up 2.56%. With a current market cap of $8,062,206,164 USD. It has a maximum quantity of 10,000,000,000 MATIC coins and a circulating supply of 8,734,317,475.
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.
This post Top ETH Whales Buying MATIC; Will the price rise?
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