Author Archives: BSCN NEWS REPORTS

Whale Alert: MATIC Transfer from Binance Whale Alert, a cryptocurrency tracking platform, recently disclosed in a post that a substantial transfer of MATIC tokens occurred, with 6,999,890 MATIC being sent from Binance to an unknown wallet. As of the latest update, MATIC was valued at $0.8312, reflecting a 1.51% increase in the last 24 hours.[Read more…]

The Potential Rise of Polygon (MATIC) in the Next Bull Market A trader renowned for accurate predictions suggests that Polygon (MATIC) could experience significant growth in the upcoming bull market cycle. Pseudonymous analyst Dave the Wave shares insights with his 142,700 followers on the social media platform X, indicating that Polygon’s layer-2 scaling solution might[Read more…]

Ryan Sean Adams’ Bullish Stance on MATIC Ryan Sean Adams, a prominent Ethereum commentator and crypto investor, recently expressed his optimism about MATIC, the native token of Polygon. He asserted that MATIC should be considered a top-10 crypto asset, highlighting that many people are undervaluing layer-2 solutions. Polygon (MATIC) in the Market As of November[Read more…]

NEAR Foundation and Polygon Labs Collaborate on zkWASM The NEAR Foundation, a leading contributor to the NEAR protocol’s ecosystem, has joined forces with Polygon Labs to develop zkWASM—a revolutionary zero-knowledge proof technology designed specifically for WASM-based blockchains. This groundbreaking collaboration was announced at NEARCON, the annual flagship event for the NEAR community, held in Lisbon.[Read more…]

Introduction Recently, Bitcoin (BTC) experienced a notable ‘short squeeze’, propelling its price close to $36K. This event highlighted the market’s volatility, where over $15 billion in Bitcoin open interest culminated in a dramatic price hike. This spike in price brings us to the discussion of Litecoin (LTC) and Polygon (MATIC), two coins that have experienced[Read more…]

In Brief Despite a decline in Q3 2023 revenue, Polygon shows an increase in average daily active addresses and a 50% rise in average daily NFT sales. The Relative Strength Index (RSI) on both weekly and daily timeframes is bullish, aligning with positive price action. However, failure to close above the $0.85 resistance area may[Read more…]

The FOMC Meeting and Crypto Market Response At the most recent FOMC meeting, Jerome Powell left rates unchanged, leading to positive market reactions. Stocks closed in the green, but the real winners were cryptocurrencies, particularly memecoins. The top ten cryptocurrencies by market cap all closed the week significantly higher, fueling investor interest in potent altcoins.[Read more…]

Polygon (MATIC) Price Analysis Despite Bitcoin’s sideways movement in the market for over a week, altcoins have shown significant price action. Polygon’s MATIC price surged by over 5% within the past day and experienced a notable 23% increase in its value within the past week. Polygon’s New Token: “POL” The Polygon ecosystem gained substantial attention[Read more…]

Polygon (MATIC) Price Analysis Polygon (MATIC) has experienced a significant bullish trend in November, witnessing a consistent and notable increase in its price from $0.62 to surpass the $0.70 mark and reach its current level of $0.77. Positive Recovery and Optimistic Outlook Despite initial concerns, MATIC has demonstrated a remarkable recovery after a challenging period[Read more…]

Polygon’s POL Token Upgrade: Shaping the Future of Ethereum Layer 2 Scaling Polygon, a prominent name in the cryptocurrency community, recently unveiled its new native token, POL, on October 25, 2023. This introduction has generated excitement and anticipation among enthusiasts, as POL is set to gradually replace MATIC, Polygon’s current native token. While MATIC has[Read more…]