Category Archives: Polygon news

The Impact of Spot Bitcoin ETF Filings on Crypto Market Bitcoin’s price has recently surged to around $44K, primarily influenced by the impact of spot Bitcoin ETF filings. These filings have triggered robust marketing campaigns within the crypto sector, even preceding official approvals. The potential approval of a Bitcoin ETF by the SEC in early[Read more…]

Cryptocurrency Analyst Highlights Potential Major Move for Polygon (MATIC) A recent analysis suggests that Polygon (MATIC) is on the verge of a significant development, driven by patterns identified through an on-chain indicator. Polygon Whale Transactions Surge In a detailed post on X, analyst Ali has observed a notable increase in whale activity on the MATIC[Read more…]

MATIC and LINK Accumulation: A Potential Trend Reversal? MATIC and LINK have recently fallen below their support levels, but there are indications that recent accumulation might influence a positive price trend. According to Lookonchain, on December 20th, newly created wallets withdrew 24,860 Chainlink [LINK] tokens (valued at $3.5 million) and 5 million Polygon [MATIC] tokens[Read more…]

In Brief The Polygon (MATIC) price has decreased since creating a lower high on December 9. The drop intensified two days later. While the weekly time frame RSI is undetermined, the daily one suggests the trend is bearish and a correction is expected. Despite the bearish MATIC price prediction, increasing above the corrective wave B[Read more…]

Chainlink and MATIC Witness Price Declines Chainlink experienced a 17% drop from its yearly peak of $17.16, which was recorded on December 9. Simultaneously, the Polygon POS chain reached a significant milestone with 18 million transactions in a single day. Major altcoins Polygon (MATIC) and Chainlink (LINK) have displayed a notable decline in their prices[Read more…]

Polygon Co-Founder Sandeep Nailwal Reports Record 161 Million Inscriptions Polygon co-founder Sandeep Nailwal recently shared on X that the blockchain has achieved a remarkable milestone, recording over 161 million inscriptions. This achievement places Polygon ahead of competitors like BNB and Avalanche in inscription statistics. In comparison, BNB secures the second spot with 77 million inscriptions,[Read more…]

Polygon Portal: Simplifying Web3 Polygon has unveiled a game-changer: the launch of Polygon Portal. This is not just an upgrade; it’s a full-blown transformation of the Web3 landscape. In the dynamic world of altcoins, Arweave and Borroe Finance ($ROE) are making waves, promising substantial growth. If you’re on the lookout for the top crypto to[Read more…]

NuggetRush: A Play-to-Earn Phenomenon Attracting Avalanche and Polygon Whales with Unique DeFi Dynamics The crypto market attracts retail investors and whales, who significantly influence the market. Lately, Avalanche (AVAX) and Polygon (MATIC) whales have been increasingly acquiring a new crypto asset called NuggetRush (NUGX). This exciting crypto project has caught the attention of big players[Read more…]

About Polygon Polygon is a decentralized scaling mechanism that Ethereum developers may use when creating dApps. It offers a faster network and enhanced security at a reasonable rate. The project, initiated in 2017, has become one of the most intriguing and profitable in the business. The Transition to Polygon MATIC was the previous name until[Read more…]

The Current State of the Cryptocurrency Market The cryptocurrency market is undergoing significant developments and challenges. The potential impact of a spot Bitcoin ETF in the United States could have both positive and negative consequences for crypto exchanges. A dip in Bitcoin’s price to around $41,000 is attributed to a surge in transaction fees, reaching[Read more…]