Polygon has a significant increase in the commercial volume on the Ethereum blockchain, which indicates increasing interest of investors

Polygon has a significant increase in the commercial volume on the Ethereum blockchain, which indicates increasing interest of investors

The trading volume of cryptocurrency polygon, which has been built on the Ethereum blockchain, has risen significantly in the past few days. According to data from the on-chain analysis company Santiment, the trading volume shows how many tokens are traded on the blockchain within a certain period of time. A high trading volume indicates that many dealers actively participate in the market.

In the past few days, the trade volume of most old coins, which also includes polygon, has dropped. This indicated that investors' interest in these assets had decreased. However, the trade volume has risen again in the past few days, which indicates that investors' interest has returned.

Especially polygon and BNB, another cryptocurrency, recorded a strong increase in the commercial volume. A high trading volume is often an indicator of strong price movements. It indicates that many retailers are ready to act these assets and thus create the basis for a possible price volatility.

In fact, the price of polygon has increased by almost 9 % since the trading volume has increased. If the trading volume remains high, it is likely that this upward trend will continue. At the current time, the price of polygon is around $ 0.73, which corresponds to an increase of 5 % last week.

However, it is important to note that the trading volume alone is not sufficient to predict the future price development. The price of polygon could continue to rise or fall, depending on various factors such as the general market development and the interest of investors.

Nevertheless, the increase in polygon's trade volume shows that cryptocurrency currently has high demand and that many investors are willing to act. This is an encouraging sign for those invested in polygon or consider it as a commercial option. However, the exact development of the price remains to be seen.

Liability exclusion: This article only serves for information purposes and should not be interpreted as investment advice. The trade in cryptocurrencies carries a high risk and can lead to losses. It is recommended to consult a professional financial advisor before trading.

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