How to Analyze MATIC Token?

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Data Source: MATIC Token Dashboard (Only data on Ethereum included)

Token analysis plays a pivotal role in the realm of cryptocurrency and digital assets. It is the process of delving deep into the data and market behaviors associated with these assets. It is a detailed process that involves thoroughly examining price and liquidity connected to these assets.

By analyzing tokens, we gain invaluable insights into market trends, risk factors, trading activities, and the direction of capital flows.

MATIC is the native token of the Polygon blockchain. It plays a pivotal role in governing and securing the Polygon network, as well as facilitating transaction fees within the ecosystem. Investors can acquire MATIC tokens through various cryptocurrency exchanges, including Coinbase and Kraken. Polygon offers a versatile platform for decentralized applications and services, making MATIC tokens an integral part of the ecosystem.

How to Analyze MATIC Token?

Token analysis is of paramount importance, and in this context, what are the key metrics to consider? MATIC Token Price per Day for the Last 30 Days

Token Price Analysis: Understanding Market Cap and Price Fluctuations

The token price is a crucial metric that represents the value of the token in fiat currency or cryptocurrency. As of 2024-01-22, the token's price is $0.7777, which indicates a decrease of approximately 8.77% over the last month. Analyzing this price trend through diagnostic analytics provides insights into the token's performance and potential predictive trends. ​ MATIC Daily Token Trading Amount & Value

Trading Value Insights: A Diagnostic Tool in Crypto Analytics

The volume of token trades is a key indicator of market activity. Currently, the token's trading volume stands at approximately $46,271,783. Analyzing this trend using various data analytics shows that the 7-day moving average of the trading volume is around $126,335,893. This moving average indicates a general trend in the trading activity over the past week, providing a smoothed perspective of market dynamics. MATIC Daily Token Trading Value in CEXs

Net Flow Analysis in CEX: Identifying Trends in Investor Behavior

To gain a deeper understanding of investor behavior, it is essential to analyze the net flow of tokens in and out of centralized exchanges (CEXs). This analysis not only tracks the quantity of tokens moving into and out of exchanges but also examines the broader implications of these movements in relation to market trends, investor confidence, and liquidity. MATIC Token Holder List

Token Centralization: A Descriptive Analytics Approach

To understand market integrity and susceptibility to manipulation, it is crucial to evaluate token centralization. By analyzing the distribution of tokens among top holders, we can gain insights into the influence of whale investors and the overall health of the token market.

Track the Data of MATIC Token with Footprint

Footprint Token Analysis Page can assist in analyzing additional metrics.You can access all the data you need in Token Dashboard on the Footprint research page. 

What's more, you can also perform highly customized analyses using Footprint's versatile features. Here are the key advantages:

• Rich Reference Data: The platform provides extensive reference data, enabling users to gain a deeper understanding of various aspects of cryptocurrencies. This wealth of information aids in making informed investment and trading decisions.
• Versatile Data Access: Users can access data in various ways, including APIs, dashboards, and batch downloads. This flexibility caters to different user preferences and needs, whether they are developers or non-technical users.
• Multi-Dimensional Data: The platform offers data across multiple dimensions and levels, allowing users to conduct detailed drill-down analyses. This hierarchical data structure empowers users to gain comprehensive insights into the cryptocurrency market.

Token analysis is crucial as it provides insights into market trends and risks, aiding investors and traders in making informed decisions. It serves as a compass in the volatile cryptocurrency landscape, helping navigate opportunities and threats.

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