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MATIC Owners Are Hurting

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The price of MATIC seems to be holding well in the market due to the current situation, but considering the price of the resulting crypto is high in 2021, the majority of its holders are still – suffer from their investment.

80% of MATIC Investors Experience Losses

Data from the on-chain research platform IntoTheBlock shows that 80% of MATIC investors experience losses at the current price. These analyzes take into account the price at which the token is delivered to the wallet and compare it to the current price of the digital asset to give these numbers.

The MATIC collection puts only 15% of the investors who are currently profiting and 5% in the neutral zone, which means that they bought their tokens at the same price of the current coin. It also puts in place how much money the investors have lost.

MATIC’s stock is down more than 72% from its all-time high of $2.91, according to data from Messari, but it’s doing well year-over-year. It currently sits at a gain of 147% from its low of $0.32 marked on June 18, 2022.

The property is still dominated by short-term users, ie those who hold their coins for between 1 and 12 months. These holders represent 56% of MATIC investors. Long-term holders are still prominent at 38% and short-term holders who bought last month are sitting at 7%. This shows that despite the losses, this is a digital asset and a key investment that wants to sustain itself for a long time.

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Polygon is Still a Great Game

Even in a bear market, MATIC can show its strength in the market. Currently, it is one of the largest cryptocurrencies by market capitalization, the 10th position in the list, and a significant relationship that has increased attention to the blockchain.

One of the most recent of these is the announcement that the DeGods and y00ts NFT collection, which is mainly on the Solana blockchain, will move to Polygon in January 2023. Other notable partnerships include Reddit, Meta, Stripe, Starbucks, Adidas, Disney and Nike, among others.

This makes it one of the top 5 decentralized finance (DeFi) in the crypto industry. The price of MATIC is currently between $0.79 and $0.8 at the time of writing. It is down 0.13% in the last 24 hours with a trading volume of $233 million.

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