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A correlation with Bitcoin and what it means for MATIC
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While most top altcoins hit new all-time highs as Bitcoin led the market, Polygon (MATIC) merely teased its investors with hopes of an ATH. It did so by testing the $2.2-mark. MATIC, on 3 November, climbed to $2.15. At the time of writing, it was since down by over 17%.
Even so, the 21st ranked altcoin is up by over 1000% since the beginning of the year. And, despite recent corrections, many in the market remain optimistic about MATIC’s road ahead. However, there are still some roadblocks that need to be negotiated.
Even though MATIC saw the $2.15 mark earlier this month, it didn’t have an effect on Polygon’s TVL growth. Notably, its TVL hasn’t changed much since its level nearly two months ago, with the same just over $4.76 billion at
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