The year 2022 saw the value of Polygon’s native token MATIC drop by 64%. But the network started this year on a positive note, with the price shooting up 8% according to the charts. However, can MATIC maintain this momentum? On-Chain Developments To Play A Big Role For MATIC The Layer 2 ecosystem has been seeing[Read more…]
Author Archives: Newsbtc
03
Jan
Jan
Optimism (OP) has opened the year on an optimistic note as it enjoys a bull run. On the flip side, it has suffered sluggishness in terms of total value locked (TVL). Here’s a quick snapshot of Optimism: Arbitrum is seen to have blazed past the other leading Layer 2 blockchains including Optimism and Polygon when it comes to TVL.[Read more…]
The Polygon (MATIC) price has been on a downward spiral for the last couple of weeks. Over the last 24 hours, MATIC lost 4% of its value. The altcoin has also lost about 6% in the last week. Earlier in November, MATIC touched the $1.20 price mark and plunged significantly. Since the coin plummeted in[Read more…]
29
Dec
Dec
Dogecoin has once again emerged as one of the best performers for the year when it comes to the top 10 cryptocurrencies. The meme coin which enjoyed massive popularity in 2021 continues to hold on to gains even better than larger counterparts such as Bitcoin and Ethereum. Dogecoin Performs Exceptionally Well In a year where[Read more…]
29
Dec
Dec
Solana has been on a depressing downtrend ever since the FTX crypto exchange imploded. The asset has already lost a massive chunk of its all-time high value but the onslaught looks to be far from over. In the last seven days, the losses for the digital asset have ramped up, dragging its price down into[Read more…]
23
Nov
Nov
Even as the FTX-induced downward market continues, Polygon (MATIC) is closely following in the footsteps of its older relative ETH. Despite the bears’ dominance this year, many in the cryptocurrency industry see 2023 as the final chapter following a period of uncertainty. A quick rundown of MATIC:– MATIC down at $0.843512– TradingShot analysts show that MATIC follows[Read more…]
21
Nov
Nov
The price action displayed by Polygon (MATIC) has continued to look disheartening, with the FTX effect affecting small crypto projects like Genesis as the market continues to look weak on each passing day signifying the bottom is not yet in leading to the price of many altcoins, including Polygon (MATIC), battling for survival. The Domino[Read more…]
20
Nov
Nov
MATIC price started a major decline from the $1.00 resistance zone. Polygon bears are in control and might aim more losses towards $0.70 in the near term. Polygon’s MATIC Price Dives Earlier this month, polygon’s price made an attempt to gain pace above the $1.0 resistance zone. However, MATIC struggled to gain bullish momentum for[Read more…]
18
Nov
Nov
The current state of MATIC and Polygon’s crypto ecosystem ranks among the worst. It took a toll on In the wake of FTX’s demise, the industry-wide contagion has impacted other projects, Polygon among them. Despite this, Polygon is in the top three DeFi companies in terms of revenue. However, Polygon and its native coin is seen to[Read more…]
03
Nov
Nov
Besides the current market darling Dogecoin (DOGE), Polygon (MATIC) and Arweave (AR), driven by the Meta announcement, are attracting the most interest today. Flying somewhat under the radar at the moment is SushiSwap (SUSHI), which should be no less interesting in the coming weeks. As Will Clemente, Co-Founder of Reflexivity Research recently tweeted, SUSHI is currently “the cleanest trading[Read more…]