Polygon Holders Prepping to Sell $MATIC, Golden Inu (GOLDEN) Rose +5%

The recent performance of the layer-2 blockchain is leaving a lot of investors unsatisfied with how their investments are doing. 

MATIC, the native token of Polygon, is currently among the worst-performing cryptocurrencies of the past six months. Over the past week, the currency lost nearly 6% of its value continuing on a long downward trend.

When looking at a larger scale, the scenario is even more pessimistic for the blockchain. Since its highest price of the year of $1.523 on February 7, the asset lost 68% in value, currently trading at $0.54.

With the possibility of the currency going below the $0.50 mark, recent reports indicate that investors are currently preparing to jump ship in the event that the asset doesn’t break apart from its bearish cycle. 

Recent reports showcased that on August 21, large sums of MATIC tokens were deposited into cryptocurrency exchanges, resulting in a net inflow of 8.41 million tokens. This type of movement indicates a clear intent that $MATIC holders are planning to trade the crypto or even cash out. 

It remains to be seen how the layer-2 blockchain will survive one of the most delicate moments in its history. Many speculate that if the token 

Golden Inu Up 5% 

With the recent performance of Golden Inu’s $GOLDEN [ERC-20] token, speculations arise that investors are allocating at least part of their wallets to a new and promising token. 

While $MATIC continues to lose value, the GOLDEN token currently trades on a +5% profit over the course of the week. What is most significant, however, is the fact that the currency is able to pull a profit even in the midst of one of the most negative weeks for crypto in 2023. 

With Bitcoin only now recovering from hitting a two-month low, many of the market’s top competitors also stacked up losses throughout August. This discrepancy emphasizes the ability that Golden Inu has to captivate investors’ interest.

Drawing a quick comparison, while $MATIC stacks up 70% losses in the year, $GOLDEN was able to grow 94% in less than 30 days. 

Most likely, the unique approach that the project has of being a utility-strong memecoin turned the currency into a more stable asset, when compared to other memecoins and altcoins. 

With an upcoming listing on CoinMarketCap and CoinGecko on the horizon, many speculate that $GOLDEN could lose a couple of zeroes by the end of the year. In addition, forthcoming releases like the new play-to-earn game “Golden Inuverse” are also stirring up excitement within Golden Inu’s community. 
The new Web3 RPG already has its beta version live, since August 21st. Investors and gamers who are interested in trying out the new dApp can still subscribe to the free P2E game by registering on its official website.