Category Archives: Polygon news

Will Shiba Inu Reach $1? Shiba Inu is a decentralized platform that seeks to promote a massive improvement in cryptocurrency market capitalization. The digital currency has its native token, SHIB, which acts as a gas currency for the ecosystem. Is Polygon a Good Investment? Polygon is a layer two scaling solution developed on the Ethereum[Read more…]

Ethereum Layer 2 Network’s Performance The Ethereum layer 2 network, including MATIC, has faced a challenging year, closely following the overall market trends among altcoins. Over the last 24 hours, MATIC has experienced a 1.08% decrease in value, and it’s down by 5.95% over the past month. Bulls Celebrate Renewed Activity Bulls in the MATIC[Read more…]

Introduction Polygon (MATIC) has been treading in the water for much of September, caught in a tight range that reflects the uncertainty gripping the cryptocurrency market. As the altcoin hovers around the $0.50 mark, traders are closely eyeing a significant technical indicator that could spell trouble for its price trajectory. Price Decline The altcoin’s price,[Read more…]

Quick Take Rated Labs has raised $12.888 million in Series A funding led by Archetype. Rated currently offers Ethereum infrastructure datasets and now looks to expand into other blockchains, including Polygon and Solana. Funding for Expansion Crypto startup Rated Labs has successfully raised $12.888 million in Series A funding, paving the way for an expansion[Read more…]

Polygon (MATIC) MATIC found itself stuck in a medium-term negative price channel, which suggested that the altcoin may have a fair amount of work to do before it can overcome the strong bearish trend. Nevertheless, traders were attempting to boost the cryptocurrency out of this descending price channel. At press time, MATIC was trading at[Read more…]

Price Movement Analysis The Polygon (MATIC) market has been in a downtrend for the last 24 hours, with optimistic efforts at a recovery being thwarted at the day’s intraday high of $0.5216. Consequently, pessimism prevailed, and the price dropped to a new 7-day low of $0.5085 before finding support. The MATIC market was still experiencing[Read more…]

Introduction Polygon, the second-largest blockchain in terms of NFT sales volume over the past 30 days, has been facing a bearish trend in MATIC’s price chart. In this article, we’ll delve into the recent performance of Polygon’s NFT ecosystem and MATIC’s on-chain indicators. Polygon’s NFT Performance During the last month, Polygon (MATIC) ranked second only[Read more…]

Price Drops for MATIC and ETH Over the past 24 hours, both MATIC and ETH saw their prices drop. Polygon’s Ranking on Federal Reserve’s List Polygon was ranked 2nd, behind ETH, on the Federal Reserve’s list of tokenization examples. Polygon’s Heavy Experimentation Many believe this is likely due to Polygon’s heavy experimentation with dApps and[Read more…]

Dragonfruit Upgrade: Supporting Ethereum’s PUSH0 With the Dragonfruit upgrade, zkEVM has become the only rollup as of now that supports Ethereum’s PUSH0. However, the rollup’s network activity continues to decline. Decline in zkEVM’s Daily Activity zkEVM’s daily active addresses have declined. Uniswap’s Proposal for a Friendly Hardfork Uniswap submitted a proposal seeking a friendly hardfork[Read more…]

Introduction In the second half of 2022, the best performing and relatively less volatile cryptocurrency was MATIC Coin. Impressive deals and strong marketing strategies were not sustained for long. As of the second quarter of 2023, the allure of exciting goals, ideals, and agreements disappeared. Of course, the price also started to decline. So what’s[Read more…]