ribbeda tier 2 solution that has been in the news for some time in order to increase it number of cooperationAnd the Expanded in the NFT space. Despite partnerships in multiple areas of their NFT domains, the Polygon NFT market has not seen any significant growth.
Here AMBCrypto Polygon Price Prediction [MATIC] For the year 2022-2023.
according to tweet by Polygon Studios day 21 October, it was reported that an esports platform was built on Polygon. This should help Polygon to venture into the esports space combined with Other attempts to gain more attention for their NFTs. These steps can help them gain more traction in terms of getting more users into their NFTs.
Believe it or not, this is not fiction.
– Polygon studios October 21 2022
However, despite Polygon’s multiple attempts to try to revive interests in NFTs, the results so far have been disappointing.
Furthermore, after looking at the performance of Polygon NFT on open sea The podium, recovery appears to be a long way off. The monthly active traders on the platform continued to decline, along with Number of NFT products sold per day and the Total consumption volume over the past few months.
The “why” and “what” of it all
One reason for the lack of interest in Polygon’s NFT could stem from Polygon’s declining social interactions and negative feelings about the token. according to LunarCrush A social media analytics website, the number of social interactions around Polygon has decreased by 4.27% over the past week.
Besides, there was a massive drop in her weighted morale. This indicates that over the past seven days, the crypto community has had more negative things to say than positive when it comes to Polygon.
But despite the negative sentiment, MATIC price action showed some positivity. At the time of writing this report, matic It was trading at $0.827 and its price is up 4.07% in the last 24 hours. If the price continues to rise at this rate, it may retest the 0.884 resistance.
The Chaikin Money Flow (CMF) index which was at 0.08 was indicating a slight bullish outlook for MATIC at press time. However, the Relative Strength Index (RSI) was at 50 indicating that the momentum was neither on the part of the buyer nor the seller.