The Super Bowl is arising, and folks within the blockchain trade are already getting excited. With a mega NFT mint, Polygon is making the most of each the hype and the alternatives which are on the market.
Polygon just lately introduced that it has remodeled than 1 million Super Bowl NFTs.
Specifically, we’ve seen MATIC’s involvement within the NFT section develop lots in the previous couple of months. A consequence that didn’t come as a shock because the community had already proven an curiosity within the NFT market.
In accordance with the primary stories, the community’s highest every day NFT buying and selling quantity was on OpenSea, the place it was price $11.4 million. There isn’t a official phrase on whether or not or not the rise within the variety of NFTs being traded is expounded to the Super Bowl, but it surely appears seemingly.
That is the quantity on OpenSea, however on-chain, issues are just a little totally different. Polygon’s complete NFT trades quantity on-chain metric exhibits that on February 10, there was lots occurring. However the complete quantity on that day remains to be lower than the month-to-month excessive for that month.
The identical factor may be mentioned in regards to the complete variety of NFT trades. This implies that there’s a regular quantity of on-chain NFT exercise on the Polygon community.
How lengthy will MATIC’s slowdown final?
MATIC hit a excessive of $1.35 earlier within the week. Then, SEC FUD precipitated a 9% lower. However this setback was not too dangerous, which exhibits that MATIC remains to be in a powerful place.
At press time, its worth was $1.24, which was a small improve from the day past. So, it’s clear that the bears haven’t been in a position to take management.

From its January lows to its most up-to-date weekly excessive, MATIC was in a position to go up by 79%. Which means the crypto token remains to be among the best ones to purchase from the present 12-month highs among the many prime ones.
Additionally, wanting on the information exhibits that MATIC bulls are more likely to hold being the most well-liked for some time longer.
Total, the temper proper now, particularly amongst MATIC whales, is bullish. That is based mostly on an evaluation of the provision distribution. Within the final 24 hours, the entire prime deal with classes from 100 million to 10 million MATIC have been including up.
Nicely, based mostly on what we’ve seen up to now, the present temper appears to favor bulls. Despite the fact that that is true, there’s nonetheless room for a sudden change out there, which might ship costs down.
Content material Supply: ambcrypto.com