{"id":27994,"date":"2024-08-29T16:00:53","date_gmt":"2024-08-29T13:00:53","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=27994"},"modified":"2024-08-29T11:36:11","modified_gmt":"2024-08-29T08:36:11","slug":"matic-shows-signs-of-resurgence-increased-onchain","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/matic-shows-signs-of-resurgence-increased-onchain\/","title":{"rendered":"MATIC Shows Signs of Resurgence Amid Increased Onchain Activity"},"content":{"rendered":"

Analysts noted that MATIC<\/strong>, the native token of Polygon, could be nearing an uptrend and is showing a large amount of onchain activity. On August 28, the blockchain analytics platform Santiment stated an increase in active addresses and accumulation of coins that have not been in circulation for a long time which may signal a MATIC bounce.<\/p>\n

Santiment<\/strong> claims that the increase in inactive token transfer this week corresponds with the second-highest Polygon address interaction with the network this year. For MATIC, which has faltered recently, this rise in activity might indicate a good turn.<\/p>\n

This latest surge runs against to a longer-term downturn in address activity. Polygon-based data shows that address activity dropped significantly, from 1.6 million in late July to about 70,000 in late August. Daily network transactions also dropped from over 5 million in March to about 3 million by the end of August.<\/p>\n

MATIC<\/strong> remains at bear market levels even with the higher activity this week. On August 25 the token momentarily peaked at $0.58, but it lost momentum rapidly and dropped 24% to a 10-day low of $0.434 on August 29. According to CoinGecko MATIC is still down 85% from its all-time high of $2.92 in December 2021.<\/p>\n

Furthermore adding to the events is Binance’s announcement on August 28 supporting the forthcoming network token conversion from MATIC to POL, set for September 4. This change could affect the future performance of the token.<\/p>\n

Not all recent news, meantime, has been favorable. Polygon’s Discord channel was hacked on August 24 in an assault aiming at the servers of numerous other blockchain projects as well.<\/p>\n

The next weeks will be vital in deciding if MATIC’s indications of possible recovery can be maintained.<\/p>\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our <\/span><\/i>Telegram, <\/span><\/i><\/a>YouTube<\/span><\/i><\/a>, and <\/span><\/i>Twitter<\/span><\/i><\/a> channels for the latest <\/span><\/i>news<\/span><\/i><\/a> and updates.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts noted that MATIC, the native token of Polygon, could be nearing an uptrend and is showing a large amount of onchain activity. On August 28, the blockchain analytics platform Santiment stated an increase in active addresses and accumulation of coins that have not been in circulation for a long time which may signal a<\/p>\n","protected":false},"author":6,"featured_media":4787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,1],"tags":[81,2779,84],"class_list":["post-27994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-genel","tag-matic","tag-onchain","tag-polygon"],"yoast_head":"\nMATIC Shows Signs of Resurgence Amid Increased Onchain Activity - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/matic-shows-signs-of-resurgence-increased-onchain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MATIC Shows Signs of Resurgence Amid Increased Onchain Activity - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Analysts noted that MATIC, the native token of Polygon, could be nearing an uptrend and is showing a large amount of onchain activity. On August 28, the blockchain analytics platform Santiment stated an increase in active addresses and accumulation of coins that have not been in circulation for a long time which may signal a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/matic-shows-signs-of-resurgence-increased-onchain\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-29T13:00:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-29T08:36:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-23.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/matic-shows-signs-of-resurgence-increased-onchain\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/matic-shows-signs-of-resurgence-increased-onchain\/\",\"name\":\"MATIC Shows Signs of Resurgence Amid Increased Onchain Activity - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/matic-shows-signs-of-resurgence-increased-onchain\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/matic-shows-signs-of-resurgence-increased-onchain\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-23.jpg\",\"datePublished\":\"2024-08-29T13:00:53+00:00\",\"dateModified\":\"2024-08-29T08:36:11+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/matic-shows-signs-of-resurgence-increased-onchain\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/matic-shows-signs-of-resurgence-increased-onchain\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/matic-shows-signs-of-resurgence-increased-onchain\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-23.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-23.jpg\",\"width\":2560,\"height\":1440,\"caption\":\"Polygon (MATIC)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/matic-shows-signs-of-resurgence-increased-onchain\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MATIC Shows Signs of Resurgence Amid Increased Onchain Activity\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\",\"name\":\"Tanju Akb\u0131y\u0131k\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"caption\":\"Tanju Akb\u0131y\u0131k\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cetanju\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"MATIC Shows Signs of Resurgence Amid Increased Onchain Activity - Coin Engineer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/matic-shows-signs-of-resurgence-increased-onchain\/","og_locale":"en_US","og_type":"article","og_title":"MATIC Shows Signs of Resurgence Amid Increased Onchain Activity - Coin Engineer","og_description":"Analysts noted that MATIC, the native token of Polygon, could be nearing an uptrend and is showing a large amount of onchain activity. On August 28, the blockchain analytics platform Santiment stated an increase in active addresses and accumulation of coins that have not been in circulation for a long time which may signal a","og_url":"https:\/\/coinengineer.net\/blog\/matic-shows-signs-of-resurgence-increased-onchain\/","og_site_name":"Coin Engineer","article_published_time":"2024-08-29T13:00:53+00:00","article_modified_time":"2024-08-29T08:36:11+00:00","og_image":[{"width":2560,"height":1440,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-23.jpg","type":"image\/jpeg"}],"author":"Tanju Akb\u0131y\u0131k","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tanju Akb\u0131y\u0131k","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/matic-shows-signs-of-resurgence-increased-onchain\/","url":"https:\/\/coinengineer.net\/blog\/matic-shows-signs-of-resurgence-increased-onchain\/","name":"MATIC Shows Signs of Resurgence Amid Increased Onchain Activity - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/matic-shows-signs-of-resurgence-increased-onchain\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/matic-shows-signs-of-resurgence-increased-onchain\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-23.jpg","datePublished":"2024-08-29T13:00:53+00:00","dateModified":"2024-08-29T08:36:11+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546"},"breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/matic-shows-signs-of-resurgence-increased-onchain\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/matic-shows-signs-of-resurgence-increased-onchain\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/matic-shows-signs-of-resurgence-increased-onchain\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-23.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-23.jpg","width":2560,"height":1440,"caption":"Polygon (MATIC)"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/matic-shows-signs-of-resurgence-increased-onchain\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"MATIC Shows Signs of Resurgence Amid Increased Onchain Activity"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546","name":"Tanju Akb\u0131y\u0131k","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","caption":"Tanju Akb\u0131y\u0131k"},"url":"https:\/\/coinengineer.net\/blog\/author\/cetanju\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/27994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=27994"}],"version-history":[{"count":2,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/27994\/revisions"}],"predecessor-version":[{"id":28025,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/27994\/revisions\/28025"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/4787"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=27994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=27994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=27994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}