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MATIC: Market Nosedive Leads To 30% Wipe In Value

NewsBTC LogoNewsBTC14h ago

MATIC: Market Nosedive Leads To 30% Wipe In Value - NewsBTC

Quick Summary:

Despite the overwhelming downward trajectory the market has taken, on-chain developments continue that might slow the bearish wave, but it will take time before the price mediates back to realistic levels.  More Developments Polygon’s position continues to solidify as it marks several developments that improve user experience on the platform.

This will boost investor confidence in the platform as it shows that despite hostile market conditions, Polygon remains a major player in the DeFi space.  This is seen in the current metrics the platform is running on.

Recent market data shows that investors are rushing to exchanges to sell rather than hold and ride the bearish wave.  This can be seen in MATIC’s price which continues to test the $0.339 support level.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-05 @ 10:10:37 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 482 words

Reading Time: 3 minutes read

Sentences: 73 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 21930397

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 5 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

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Publication Timezone: GMT +8:00

Content Availability: Worldwide

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Publisher ID: #102

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  • URL: https://beamstart.com/news/matic-market-nosedive-leads-to-17228546398350

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