Analyzing MATIC

NOTE: Not a financial advice, just analyzing data. All of the data I have collected was from IntoTheBlock.

As of today, MATIC has a $ 4,855,132,290 market cap which puts it on #14 spot on CoinMarketCap.

All time low is at $0.003012 while all time high is at $2.92 which makes a +17922.66% gain.

Price through the years.

Market cap through the years.

There are in total 612.71k addresses that hold MATIC (we can't count all the cold wallet addresses, so the number is higher). But for the addresses that we can count here is the data:

28.11k Addresses which is 4.59% are in PROFITS

577.53k Addresses which is 94.26% are in a LOSS

7.07k Addresses which is 1.15% are at BREAK EVEN

Pie chart of addresses in profits, loss and break even.

On the bottom graph, you can see the percentage of accounts in profit and in loss over time in correlation with the price. Naturally, at the start, the majority were in profit, and the same held true during the bull run. However, as the bull market came to an end, the numbers quickly shifted, leaving us where we are now, with only 4.59% of accounts in profit.

Number of addresses in profits and loss through the years.

Interestingly, the number of accounts that have purchased MATIC has been steadily increasing ever since the beginning of the bull run, and this trend continues even during the bear market. This may suggest that people are placing their hopes on MATIC to perform well in the next bull market. (Please note that this is not a financial advice; I'm just analyzing the data.)

Number of addresses through the years.

As you can imagine, during the bear market, the number of Hodlers (addresses that have held the coin for 1+ year) has grown and has even overtaken the Cruisers (addresses that have held the coin for 1-12 months). This could also be interpreted as a sign that people are placing their hope in MATIC for the next bull market.

Number of Hodlers, Cruisers and Traders through the years.

The next graph is also quite interesting for me. It shows two categories: "All Time Highers," which are addresses with a balance that bought within 20% of the token's all-time high (ATH) price, and "All Time Lowers," which are addresses with a balance that bought within 20% of the token's all-time low (ATL) price.

We can observe that the number of "All Time Highers" naturally increased during the peak of the bull run and has slowly declined since. This could indicate that people may be giving up and selling, or they could be moving the coin to a cold wallet.

Number of \"All Time Highers\" and \"All Time Lowers\" through the years.

This is a table that show the distribution of the tokens:

Distribution of the tokens.

This is the end of my analysis hope you enjoyed and that it was somewhat useful.