Is Polygon (MATIC) Worth Hodling?

Polygon is an open-source blockchain that supports the launch of Decentralized Applications (Dapps) on its platform. Its native token is MATIC. At the time of writing, Polygon (MATIC) is ranked in the 17th position in the CoinMarketCap ranking of cryptocurrencies. Uniswap is the largest Decentralized exchange in the world presently. MATIC trades at $0.6442 at present with a 24 hours decrease in price by 7.39%. Polygon (MATIC) has reduced by 55.5% in the past 30 days. MATIC 30 days low and high prices are $0.56 and $1.50 respectively. Some of the reasons why MATIC remains a good hodl are: Present data of sellers’ pressure. The attraction of Non-Fungible Tokens projects to Polygon Blockchain. Present data of sellers’ pressure Technical analysis data on Polygon ( MATIC) shows that out of the 11 oscillator indicators analyzed, 1, 9, and 1 indicate sell, neutral, and buy signals respectively. Also, out of the 15 moving average indicators analyzed, 14,1, and 0 indicate sell, neutral and buy signals respectively. This means that 15, 10, and 1 indicators gave a sell, neutral, and buy signals respectively. The relative strength index of Polygon (MATIC) is 31.8. This means that it is close to it’s oversold/undervalued region of 30. If this happens, investors could see a bullish market reversal. The attraction of Non-Fungible Tokens projects to Polygon Blockchain In recent times, due to the recent explosion and gains that are associated ...