CandleFocus Polygon crawls back as Polymarket volume spikes
2024-10-29
Author: Content Editor
Polygon's price has rebounded slightly as the crypto fear and greed index moved into the greed zone. The network's transaction volume and number of unique addresses have increased, indicating improved on-chain data. Polymarket, a prediction market on Polygon, has gained popularity and holds over $2.6 billion in assets. However, Polygon has lost market share in the decentralized finance and decentralized exchange industries. The token's price has rebounded but remains below key levels. With bullish signals from indicators, Polygon's price is expected to continue rising towards the 50% retracement level at $0.3750.
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