MATIC has a chance for a strong future
2 min readMATIC is another of the cryptocurrencies that has recently woken up. The growth of this token, which has seen an increase of respectable since July 20, speaks for itself 140%. At the time of writing, its price was fluctuating $ 1.58.
To whom does MATIC owe the price boom?
For smaller altcoins, a question of concern arises. If the MATIC token was able to grow so fast, it could fall back very quickly. In fact, behind the growth of this project is the power of large investors. So the answer to the higher “question” is therefore clear. If investors have poured a significant part of the funds into the project, a fall is not expected. However, anything can happen, we have seen this many times in the world of cryptocurrencies.
How to properly define investors?
MATIC had the opportunity to hit the all-time high in April. During this period, merchants were behind the growth of the token. Right now traders we can define it as investors who tend to hold an asset for less than one month. Their basic feature is that they enter the trade at the beginning of the price rally and exit at the moment when the market enters the phase of consolidation. This is one of the reasons why we can define April for MATIC as a period of high purchases and sales.
What is the difference compared to the current rally? But this time they are involved in growth so-called Cruisers. These are investors who tend to rate the token from 1 to 12 months. Thus, there are no token sales in the event of sudden and unexpected growth.
Compared to April and May, we are witnessing a period when purchases and sales are minimal.
Cruisers and their profitability
Cruisers act calmly and do not want to sell immediately. Thus, we can define their conduct on the market as controlled. Thanks to this, MATIC is profitable. We can observe this at profitable addresses, the incidence of which has increased from 24% to 75%.
