Category Archives: Polygon news

Polygon Price Prediction 2023-2032 How much is MATIC worth? Today, the price of Polygon (MATIC) stands at $0.517, experiencing a 24-hour trading volume of $237 million. The cryptocurrency has a market capitalization of $5.2 billion and accounts for 0.41% of the market dominance. Over the past 24 hours, MATIC’s price has declined by 0.1%. Currently,[Read more…]

Apecoin and Polygon: Facing Challenges in the Crypto Market Apecoin ($APE) and Polygon ($MATIC) have attracted significant attention in the crypto industry, but recent declines in their values have led to hesitation among traders and investors. Despite this market sentiment, NuggetRush ($NUGX) and Render Token ($RNDR) continue to thrive. NuggetRush ($NUGX): Enhancing Gaming Experience with[Read more…]

Polygon’s Positive Price Trend Amidst Cryptocurrency Market Downturn In stark contrast to the broader cryptocurrency market, which is currently in a downturn, Polygon (MATIC) has witnessed a price surge. What’s even more remarkable is that this positive momentum has been maintained in the past week. As of October 3, MATIC was trading at $0.5748, reflecting[Read more…]

Coinbase’s Bold Strategic Shift In a recent development that has captured the attention of the cryptocurrency community, Coinbase, a global leader in cryptocurrency trading, has made a significant change to its operations on the Polygon network. As of October 12, 2023, the platform has discontinued support for withdrawals of pUSDC, the wrapped version of USDC[Read more…]

Retail Investors’ Guide to Top Cryptocurrencies in 2023 Retail investors are constantly on the lookout for cryptocurrencies that are not only easy to grasp but also promise tangible use cases and potential astronomical gains. In 2023, three promising options have surfaced: Polygon (MATIC), VC Spectra (SPCT), and Filecoin (FIL). But which of these crypto assets[Read more…]

Introduction Polygon Labs co-founder Sandeep Nailwal recently introduced an innovative initiative on the ApeCoin (APE) DAO forum. The proposal aims to foster a collaborative effort between the ApeCoin community and Polygon Labs to create a private Layer-2 (L2) chain based on zero-knowledge (zk) technology, referred to as ApeChain. Details of the Proposal The primary objective[Read more…]

USDR Stablecoin Depegging Event USDR, a real estate-backed Polygon stablecoin, recently faced a significant depegging event, experiencing a sharp 40% drop in value in mere minutes. The crisis was triggered by the depletion of DAI reserves, leading to a rapid decline in USDR’s valuation. The Background Real USD (USDR) is a stablecoin operating on the[Read more…]

Polygon’s ApeChain Proposal for ApeCoin DAO Polygon Labs has put forth a compelling proposal for the development of a dedicated Layer-2 blockchain within ApeCoin DAO. Sandeep Nailwal, the co-founder of Polygon, envisions the creation of ApeChain, a zero-knowledge powered Layer-2, to catalyze the growth and expansion of the ApeCoin ecosystem. Nailwal firmly believes that ApeChain[Read more…]

Introduction Circle, the stablecoin issuer, has announced the minting of USD Coin (USDC) natively on Ethereum’s Layer-2 scaling protocol, Polygon. This groundbreaking development eliminates the need for bridging the stablecoin from Ethereum to another blockchain, providing easy accessibility to both users and developers. Seamless Integration with Polygon Circle’s Mint and developer APIs have seamlessly integrated[Read more…]

Polygon’s ApeChain Proposal Polygon unveiled a groundbreaking proposal on October 10 within the ApeCoin DAO forum. This proposal aims to establish a dedicated Layer 2 network for ApeCoin, known as “ApeChain”. Key Features of ApeChain The $3.35 Million Development Fund A pivotal component of the proposal involves creating a substantial development fund. The ApeCoin DAO[Read more…]