Category Archives: Polygon news

New DeFi Projects Impacting the Market The cryptocurrency market is abuzz with the emergence of new DeFi projects, attracting a growing number of investors. VC Spectra (SPCT), in particular, has been gaining attention with significant price surges. This surge has had a notable impact on well-established coins such as Cardano (ADA) and Polygon (MATIC), as[Read more…]

Recent Developments in Polygon (MATIC) Market In recent days, the cryptocurrency Polygon (MATIC) has garnered significant attention in the market, attracting both investors and institutions. However, the recent substantial distribution of 217 million MATIC tokens led to a 2% drop in its market value, despite the overall bullish trend in the crypto market. Notably, 82.3[Read more…]

GameStop Memes (GSM) Disrupts the Crypto Scene GameStop Memes (GSM) emerges as a sensational disruptor, redefining the essence of digital assets. This intriguing newcomer has taken the market by storm, raising an eye-popping $2 million in a mere 24 hours of its presale, a feat that sets it apart from established giants like Cardano and[Read more…]

Polygon Ecosystem Growth Initiative The Polygon Ecosystem Growth initiative recently implemented a strategic move to foster growth. As part of this initiative, a significant token distribution was completed, involving the allocation of 217 million MATIC tokens worth 198 million dollars. This distribution occurred within the last 12 hours and included a diverse group of 70[Read more…]

Seychelles-incorporated OKX Collaborates with Polygon Labs on X1 Layer-2 Network OKX, one of the world’s largest cryptocurrency exchanges, has partnered with blockchain development firm Polygon Labs to introduce the testnet for its latest zero-knowledge layer-2 network, named “X1.” Introducing “X1” The announcement of X1 was made through a press release on Tuesday. This Ethereum-based ZK[Read more…]

Polygon (MATIC) Chart Analysis Technical analysis is crucial in the cryptocurrency market, especially for futures traders. Let’s delve into the detailed chart analysis of Polygon (MATIC) currently trading at $0.914. The first notable formation on the two-hour MATIC chart is the wedge pattern. The recent increase in volatility on MATIC has led to the formation[Read more…]

The Crypto Market Overview The crypto market experienced a consolidated weekend as major cryptocurrencies traded sideways. However, the week started trading in the red as the market recorded a correction of approximately 3.5% within the past two days. Polygon Token Gains Momentum On the positive side, Layer-2’s Polygon token gained significant momentum following reports of[Read more…]

Polygon Retests $0.95 Price Level Polygon recently retested the $0.95 price level on November 14, marking a significant movement in its price. The last time this price was reached was in May, and since then, the bulls struggled to breach the $0.95 barrier until yesterday. However, the market has entered the overbought zone, a territory[Read more…]

X1: Empowering Web3 Access with OKX and Polygon CDK X1, powered by OKX and Polygon CDK, offers a scalable solution for developers, fostering Web3 innovation and user engagement. The integration of OKB as X1’s native token aims to streamline transactions while bolstering the network’s functionality. OKX’s strategic investment in Polygon CDK marks a significant step[Read more…]

OKX Unveils X1: A ZK Layer-2 Network in Collaboration with Polygon Labs OKX, a leading global cryptocurrency exchange and Web3 ecosystem, has partnered with Polygon Labs, a prominent international blockchain software technology company, to introduce the testnet for ‘X1.’ This Ethereum-based Zero Knowledge (ZK) Layer-2 (L2) network, crafted using the Polygon Chain Development Kit (CDK),[Read more…]