In the ever-volatile landscape of the cryptocurrency market, recent days have seen a surge in turbulence, with Bitcoin and leading altcoins struggling to maintain stability. Among them, MATIC, the native token of Polygon, hasn’t been immune to the downward pressure, experiencing a drop of nearly 2% in the past 24 hours alone. As of the…
MATIC didn’t have to wait for Bitcoin to initiate a price rally and cause the USDT dominance to decline just to have a bullish momentum. In fact, according to tracking from Coingecko, the cryptocurrency managed to increase its value by 24.3% over the last 30 days – the same period where most digital currencies struggled…
Even as the FTX-induced downward market continues, Polygon (MATIC) is closely following in the footsteps of its older relative ETH. Despite the bears’ dominance this year, many in the cryptocurrency industry see 2023 as the final chapter following a period of uncertainty. A quick rundown of MATIC:– MATIC down at $0.843512– TradingShot analysts show that…
Polygon (MATIC) is one of the biggest winners in the crypto market today, with a 15% price increase over the last 24 hours. As NewsBTC reported yesterday, MATIC gave a golden cross signal on the daily chart a few days ago. The last time MATICUSD posted this significant trading signal on the daily chart, the…
While the Ethereum network and its users continue to suffer from the high fees of the layer-1 blockchain, various layer-2 (L2) solutions are stepping into the spotlight to solve the problem. As analyst Miles Deutscher explained, citing data from Dune Analytics, layer-2 scaling solutions saw monumental growth in 2022. “I expect this trend to continue…
Many layer 2 solutions are competing on being the most active in developments. Amid these scaling solutions in Optimism, and given its latest announcement, it will soon enable developers to launch DApps with just a single click of a button. Optimism provides support for all the apps on the Ethereum ecosystem. It ensures that transaction…
Ryan Sean Adams, a vocal Ethereum commentator and crypto investor, is bullish on MATIC, the native token of Polygon. Taking to X on November 8, Adams said MATIC should be a top-10 crypto asset, adding that people are asleep on layer-2s. Polygon (MATIC) Remains In An Uptrend When writing on November 8, MATIC is among the top…
Polygon’s native token, MATIC, has experienced a notable disparity compared to the broader cryptocurrency market. Unlike the top cryptocurrencies that have posted double-digit gains year-to-date, MATIC has failed to post positive performance across all time frames since the 2021 bull run. Adding to the concern, MATIC’s price has recorded losses amounting to 16.5% over the…
It’s been a relatively quiet period of price action for Polygon (MATIC) in the past few weeks. On this day last month, MATIC was trading around its October bottom of $0.5154 before the inflows into the crypto market. Although the cryptocurrency has performed reasonably well and has increased by 82% since then, its rise has…
On-chain data shows the Polygon whales have loaded up on 120 million MATIC during the past week, a sign that could be bullish for the asset’s price. Polygon Whales Have Increased Their Holdings Recently As pointed out by an analyst in a post on X, MATIC whales have made a decent amount of buys during…