Crypto Dan
Polygon(Matic) - Increase Velocity and Transaction Volume
In crypto market, velocity means the total amount of coins moved over the past year divided by the total supply, and is an indicator of how fast the coin is circulating in the market. It can be inferred that the Polygon's velocity is continuously increasing even in the bear market, so the coin being actively traded or used. Looking at the trading volume, we can see that Polygon's trading volume continued to decrease until June 2022 after the bear market began, and then the trading volume turned to an upward trend. Moreover, Bitcoin made a new low in November after reaching $18,600 in June 2022, but Polygon did not even go near the low ($0.34). Of course, most coins are inevitably affected by the movement of Bitcoin, but it is worth noting that the circulation speed and trading volume are increasing in macro issues and Crypto Winter. Please note that this analysis contains personal opinions.