Will 'sleeping giant' rally in June?
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The MVRV ratio, using a 365-day moving average, has shown a buy signal with a value of -12.58%. This ratio compares MATIC’s current market price to the average acquisition price of all tokens.According to the"State of Polygon Q1 2024" report by Messari, Polygon's gaming activity surged in Q1, 2024, with daily gaming addresses increasing by 1,615% to 207,000 and daily gaming transactions rising by 469% to 734,000, driven mainly by MATR1X FIRE.
Polygon's stablecoin market value increased to $1.5 billion, a 19% quarterly rise, with USDT leading at $792 million.Source: Token Terminal
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