Author Archives: ambcrypto.com

The craze that surrounded profile picture NFTs (PFPs) in 2021 dwindled significantly as per data from Dune Analytics. According to the blockchain analytics platform, monthly NFT trading volume on OpenSea had declined by 93% from the all-time high of $4.86 billion in January. The last nine months have been full of ups and downs for the crypto[Read more…]

The Polygon [MATIC] zero-knowledge Ethereum Virtual Machine (zkEVM) is set to launch on its mainnet in 2023. The zkEVM project was contained in the third quarter report prepared by The Tie IO (data analysis firm). zkEVM is a scaling solution created by Polygon to increase dApps’ scalability. So what does zkEVM have to do with MATIC and its growth? Let’s[Read more…]

Polygon and its MATIC token are headed for interesting times especially with the latest developments. The Ethereum L2 recently confirmed a collaboration with the Robinhood trading platform and their new relationship just reached an important milestone. Polygon previously announced a partnership with Robinhood and the same impacted MATIC’s price action. No official launch date was announced but[Read more…]

Polygon [MATIC] rested its short-term support last week but failed to garner enough buy pressure to support a healthy bounce. Instead, the bulls lost the battle to the bears, leading to a 24% crash in the last 10 days. MATIC had been trading within a megaphone pattern prior to the bearish performance since mid-June. It failed[Read more…]

Polygon [MATIC] witnessed a spike in development activity according to Santiment, but social engagement has seen a dip over the past month. On the charts, MATIC saw a sharp rejection at the $0.94 resistance mark. At the time of writing, the momentum was in favor of the sellers. Yet, this could quickly change if Bitcoin [BTC] bulls hauled BTC past $19.4k.[Read more…]

Polygon [MATIC] has managed to piqued the curiosity of whales or so called dominant buyers in the past few days. Polygon’s recent collaborations and growing domination in the dapp and NFT market may have spurred this interest. Will Polygon be able to sustain whale interest for longer than anticipation?  Shopping Spree WhaleStats, a crypto whale activity tracker, tweeted on 19 September that Polygon[Read more…]

As of press time, Binance finished integrating BUSD on the Avalanche and Polygon networks as well as WAX (WAXP) on the ERC20 protocol. These two integrations were announced by Binance on its official website and Twitter account.  The ERC-20 standard provides guidelines for Ethereum tokens that leverage smart contracts, which has a huge impact on the blockchain. The transfer of tokens, approval of transactions,[Read more…]

According to a recent tweet by Token Terminal, on the 16th of September. Polygon was ranked second in terms of blockchains and DApps with the most daily active users. Alongside multiple collaborations with companies like Coinbase cloud and the introduction of the vix protocol, does the future look bright for Polygon? A Runner-up forever? Coming in second after Ethereum, Polygon has surpassed a lot[Read more…]

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject Are you unhappy as a MATIC holder? Well, chances are you are. There is some good news, however – You are not alone. What’s more – It’s likely that[Read more…]

After the recent successful completion of the Ethereum [ETH] Merge several other tokens benefited from it. And one of them happens to be Polygon [MATIC].  The Polygon blockchain, in the past, made several efforts to reduce its network footprint by launching the green manifesto. However, recently it announced that its network footprint had been reduced by 99% thanks[Read more…]