- Polygon turns into the primary ecosystem to host an airport metaverse
- MATIC continues to be struggling to get well regardless of wholesome community progress.
Polygon has been celebrating completely different wins currently however its newest one slaps completely different. With the community leaning closely in direction of metaverse choices, Polygon has change into the primary blockchain community to host an airport metaverse courtesy of BLR Airport. Right here’s why that is vital.
Learn Polygon’s [MATIC] worth prediction 2023-2024
BLR Airport’s new metaverse on Polygon highlights the potential use circumstances, particularly for business functions. For instance, airports could use the metaverse to showcase their choices. It may also make it simpler for purchasers to familiarize themselves with the airport just about. One may consider it to spice up buyer engagement.
Expertise the phygital world of
— Polygon – MATIC 💜 (@0xPolygon) November 12, 2022
Polygon prepared for elevate off
That is the primary time that an airport was launched a metaverse model. It may work out effectively for Polygon and different blockchain networks dabbling within the metaverse. Extra importantly, it highlighted the potential for Polygon to contribute to the metaverse’s speedy growth.
Talking of growth and progress, Polygon managed to take care of a wholesome progress trajectory so far as adoption was involved. Its complete addresses have grown persistently during the last 4 weeks, regardless of the disruptive market situations.
Although the variety of new addresses slowed down within the first week of November, the community regained its stride. This was affirmation that the community was nonetheless attracting new customers regardless of the newest bearish situations. However does this essentially mirror MATIC’s demand?
Polygon’s receiving addresses outweighed the variety of receiving addresses in the previous couple of days. This indicated that there was wholesome demand for MATIC regardless of the current crash.
On paper, MATIC noticed larger receiving addresses than sending addresses and that ought to act as a bullish momentum affirmation. Nonetheless, that wasn’t the case, contemplating that, like most different cryptocurrencies, MATIC struggled to bounce again after the newest crash.
MATIC worth motion
MATIC tried a restoration within the second half of final week. It bounced again by as a lot as 37% on 10 November, however then tanked some extra through the weekend. Its $0.89 press time worth nonetheless represented a slight premium from its current lows regardless of its bearish weekend efficiency.
MATIC was headed for a retest of the 50-day shifting common at press time, in addition to a cross beneath the 50% Relative Power Index (RSI) stage. These observations highlighted larger possibilities of a bullish begin this week.