Category Archives: Polygon news

Polygon Reclassified as a Security Polygon, formerly known as MATIC, has been reclassified as a security by regulatory authorities. This echoes similar legal battles faced by other prominent exchanges. The announcement that Polygon has been designated as a security coincides with a significant drop in its market value. The cryptocurrency’s price has recently dropped significantly,[Read more…]

Introduction During the year’s final quarter, the cryptocurrency market conditions indicate a massive potential for growth. Some cryptocurrencies can be, however, far more profitable than others. Due to this, ChatGPT, one of the most popular AI-driven chatbots, has generated results indicating that TRON (TRX), Polygon (MATIC), and Everlodge (ELDG) are some of the biggest gainers.[Read more…]

Polygon (MATIC) Trend Analysis Polygon (MATIC) is currently experiencing an upward trend in its price action. A notable pattern observed by analysts is a potential head-and-shoulders formation in the MATIC 4-hour chart. If there is a breakout below $0.79, market indications suggest that prices may retest $0.67. Conversely, an upswing above the right shoulder at[Read more…]

The Crypto Market Trends The crypto market is witnessing interesting trends, particularly with Bitcoin. The leading cryptocurrency has been consolidating under $38,000 for three weeks, showing a bullish undertone as pullbacks become less deep. The supply of Bitcoin inactive for a year has reached a record high of 70%, indicating that holders might not be[Read more…]

Amid Ongoing Challenges: MATIC Faces Price Decline In the dynamic landscape of cryptocurrency, the overall market is currently witnessing a decline in prices. Notably, Polygon (MATIC) has garnered significant attention as its value slipped below a crucial level. MATIC Breaks Crucial Support Zone Recent data from IntoTheBlock, an on-chain analytics firm, reveals that MATIC has[Read more…]

The City of Lugano Integrates Polygon into Its Crypto Payment System The city of Lugano, the economic capital of Italian-speaking southern Switzerland, is set to enhance its crypto-friendly payment app, MyLugano, by integrating the Polygon proof-of-stake (PoS) protocol. According to an announcement on Polygon Labs’ website dated Nov. 22, the updated version of MyLugano introduces[Read more…]

Dynamic Alliances: XRP and Polygon Expand Their Horizons XRP and Polygon are making significant strides in their ecosystems through strategic partnerships. While XRP strengthens its ecosystem with collaborations like the recent partnership with RocketFuel, promising to revolutionize B2B payments, Polygon is creating waves with its NEAR Protocol partnership, focusing on zero-knowledge proofs via zkWASM to[Read more…]

Crypto Analyst Bullish on Polygon (MATIC) A widely followed strategist, known as Bluntz, expresses bullish sentiments towards Polygon (MATIC), Ethereum’s scaling solution. With a significant social media following of 229,400 on X platform, Bluntz shares insights on the crypto market. Bluntz observes an “immaculate vertical accumulation” in Polygon’s recent performance, indicating a series of higher[Read more…]

In Brief Polygon (MATIC) price recently dipped below the crucial $0.80 support level amidst the controversy surrounding Binance exchange. However, on-chain data suggests potential for a positive trend. The number of daily MATIC wallets created reached 1,175 addresses on November 22, just 42 short of the four-month high recorded on November 16. A rare positive[Read more…]

Polygon Integration in Lugano’s Crypto Payment System Polygon has been a trusted partner of the Swiss city since at least 2022, providing the infrastructure for its stablecoin. The city of Lugano, the economic capital of Italian-speaking southern Switzerland, is set to integrate the Polygon proof-of-stake (PoS) protocol into its crypto-friendly payment app, MyLugano. According to[Read more…]