MATIC's active addresses increases by over 60% in the previous 30 days

Polygon (MATIC) is gaining popularity owing to a huge rise in active addresses, a critical indicator that measures user involvement.

The number of MATIC’s active addresses has increased by over 60% in the previous 30 days, hitting 15,708 on March 3rd.

Additionally, this shows an increasing interest in and acceptance of the Polygon Network. Historical data indicates a significant association between the increase of active addresses and MATIC’s price, with the rise frequently preceding a period of price stability or a prospective price increase.

Recently, MATIC’s price has surged from $0.83 to $1.16, an over 38% gain, suggesting favorable sentiment and greater activity in the Polygon ecosystem.

The strong association between MATIC’s price and Ethereum’s price changes implies that MATIC is on pace to hit the $3 mark.

However, MATIC’s price may consolidate or correct in the near future, since previous data indicates that a stop in active address growth often follows a period of price stability or correction.

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Judith Faith

Judith Faith has been writing about cryptocurrencies and blockchain technology for over five years. She is well versed in the industry and has an extensive network of industry contacts. She is also a frequent contributor to various cryptocurrency publications. With her vast knowledge and experience, she is able to provide insightful and valuable content to her readers. Judith is also an active investor in the cryptocurrency space and has a vested interest in the success of the industry.