Polygon (MATIC) Polygon’s (MATIC) trading price recorded a major dip on Thursday, as its value hit the lowest point that it had not come close to since January. The downtrend was recorded as the sentiments of the investors were not high at all. They were not confident about the movement of MATIC in the future,…
The regulatory authorities have just gone after Paxos and the stablecoin that it reportedly issues. Paxos is known for the development of the BUSD stablecoin and the regulators are now going after it. Prior to the reports of scrutiny launched by the regulators, the trading price of Bitcoin (BTC) had hit a high of $22,000….
In recent days, the trading price of Cardano (ADA) has started to move in the stronger bullish zone. ADA has overcome many challenges in the past couple of weeks to keep moving in the right direction. The investors have continued supporting the asset and so far, nothing has managed to discourage them to lose their…
The year 2022 has witnessed a major and severe downturn for the entire cryptocurrency industry. If you are thinking Bitcoin or Ether was able to make it through the hard times then you are mistaken. When we say the entire cryptocurrency industry, it means the entire cryptocurrency. This is because people lost their trust in…
The recent crypto winter continues to harm cryptocurrency protocols across the globe. The recent crypto crisis came to life with the insolvency of the FTX crypto exchange. After the fall of FTX, Genesis Digital, Alameda Research, and most recently Polygon all agreed that they are finding it difficult to maintain the sustainability of their operations….
Last month saw the high timeframe structure flipping to bearish Selling pressure has slightly dominated since August Polygon saw incredible surges in Daaps deployment on its blockchain since early this year. Moreover, the blockchain declared a web3 studio partnership. The previous ten days saw the $7.2B market capitalization token registering a swift rebound from the…
As the Korea Blockchain Week 2022 started on the 7th of August, several stakeholders in the crypto sector were in attendance. This event is among the largest blockchain conferences in Asia. At the event, Klaytn Foundation’s Director Sam Seo stated that the adoption of metaverse initiatives is slow. According to Seo, web2 firms must integrate…
Polygon, a famous layer-two scaling platform, has launched another service for its users. According to reports, the Web3 platform has launched the Polygon zkEVM (zero-knowledge Ethereum Virtual Machine). This zkEVM is a layer-two scaling solution that is aimed at improving scalability. Also, it would help to reduce the cost of transactions on the Web3 platform….
Polygon (MATIC) shows its willingness to rise higher. And that comes from the technical plus flipping to market structure in bulls’ favor. Thus, market participants that purchased MATIC’s latest dip can prepare to reap profits from Polygon’s upcoming move. MATIC Ready to Roar MATCI price lost approximately 55% since December last year, printing a swing…
While bulls triggered a rebirth during December early sessions, bears quickly denied their actions by catalyzing a considerable sell-off over the last 24 hours. As a result, alternative coins such as MATIC and Ethereum witness double-digit declines on their daily price chart. The latest flash crash in the cryptocurrency space had digital currencies breaching their…