Category Archives: Polygon news

Polygon Activates POL Token Upgrade: Boosting Ethereum Scaling Solution Polygon, a renowned Ethereum scaling solution, has successfully executed the update of its POL token on the mainnet, marking a significant milestone in the Polygon 2.0 roadmap aimed at constructing the Internet Value Layer. This advancement is crucial for the development of next-generation tokens like POL,[Read more…]

Polygon Labs Distributes Contracts for POL Token on Ethereum Mainnet Polygon Labs has recently distributed contracts for its next-generation cryptocurrency, POL, on the Ethereum mainnet after a successful testnet distribution earlier this month. This milestone follows the approval of several Polygon Improvement Proposals (PIPs) in September, outlining the features of POL and the evolution of[Read more…]

Crypto Market Overview The cryptocurrency markets are showing signs of a bullish trend, particularly in the last quarter of the year. Key cryptocurrencies are experiencing significant price movements: Bitcoin reached new yearly highs above $35,000, Ethereum surged to $1854, Chainlink (LINK) broke consolidation and hit $11.6, and Solana rose above $30. However, some altcoins like[Read more…]

Dunamu Expands Upbit’s Staking Service with Polygon’s MATIC Dunamu, the leading blockchain and fintech firm operating South Korea’s largest cryptocurrency exchange Upbit, announced the inclusion of Polygon’s MATIC in Upbit’s staking service. This exciting addition is now accessible through the Upbit website and mobile application, offering users enhanced opportunities for crypto staking. Understanding Staking and[Read more…]

Bitcoin’s Impact on Polygon: Latest Market Analysis Bitcoin, currently trading at $31,139, is surging towards its highest level in 2023. Breaking the $31,800 level is crucial for Bitcoin, affecting the altcoin market significantly. In this analysis, we focus on Polygon (MATIC) and its recent market movement. Polygon Graph Analysis In the Polygon (MATIC) graph, a[Read more…]

Introduction to 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 emerged as one of the most intriguing and profitable ventures in the business world. The Evolution: From MATIC to Polygon[Read more…]

Polygon Price Prediction: Analyzing the Potential Breakout A massive breakout from the triangle pattern suggests that MATIC price may extend the current recovery phase. The altcoin has been hovering above the $0.5 psychological support for the last two months, attempting to regain its bullish momentum. Amid this consolidation, a symmetrical triangle pattern has emerged, indicating[Read more…]

The Rebranding of Opside to Lumoz The popular Rollups-as-a-Service (RaaS) provider Opside has announced that it’s rebranding to “Lumoz” in a move that’s designed to reflect the project’s expansion and avoid any confusion over its purpose. The original concept behind Opside was a RaaS platform that provided various services for developers to build and deploy[Read more…]

Weekly Cryptocurrency Market Overview The cryptocurrency market’s weekly closings have captured significant attention. As of the time of writing, Bitcoin is trading at $29,961. Many analysts suggest that a weekly close at this level could sustain the current upward trend. Concurrently, the altcoin market is experiencing a resurgence, and this trend shows promise for continued[Read more…]

Binance Welcomes Native USD Coin (USDC) on Polygon Network Binance, one of the leading cryptocurrency exchanges, has exciting news for its users. They have announced their support for the native USD Coin (USDC) on the Polygon network, which is issued by Circle. This development is set to bring greater convenience and accessibility to traders and[Read more…]