Over the last day, the price of the Polygon native token, MATIC, has been on the rise, pushed upward by a single upgrade proposal. With the proposal gaining traction, will the price continue to rise, and is it too late to buy MATIC? New Proposal To Change MATIC To POL In an interesting turn of…
On-chain data shows the Polygon trading volume has seen a significant increase compared to the other altcoins. Here’s what this means for MATIC. Polygon Trading Volume Has Observed A Sharp Jump Recently According to data from the on-chain analytics firm Santiment, altcoins have observed an increase in trading volume during the last few days. The…
MATIC, the native token of the Polygon network, has witnessed a significant price gain in the last day, drawing much attention from investors. According to data by CoinMarketCap, MATIC gained by 10.44% over the last 24 hours, representing a better market performance than most top assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), etc. MATIC’s…
Polygon Labs, the company behind the Polygon blockchain, has announced management changes as it undergoes a rebrand to the next chapter of its corporate development, known as “Polygon 2.0.” The company has promoted its chief legal officer, Marc Boiron, to the position of CEO, while President Ryan Wyatt will step down at the end of…
Bankrupt crypto lender Celsius Network has begun the process of swapping altcoins for Bitcoin (BTC) and Ethereum (ETH). The recent court approval (June 30) granted the company permission to convert its altcoin holdings into the two leading digital assets, raising concerns about a potential sell-off of popular altcoins. Celsius Network, known for its altcoin lending…
MATIC price is recovering from the $0.60 support zone. Polygon might rise further toward the $0.75 and $0.80 resistance levels. MATIC price is attempting a recovery wave above the $0.68 resistance against the US dollar. The price is trading above $0.70 and the 100 simple moving average (4 hours). There was a break above a…
Despite Revolut, a platform that provides numerous services, including banking and crypto trading, planning to delist Cardano (ADA), Solana (SOL), and Polygon (MATIC) from its trading platform in the United States by September 18, the three coins have started July firmly, bottoming up from June 2023 lows. As an illustration, SOL is up roughly 50% from…
Polygon (MATIC) has recently made a significant announcement, unveiling the architecture of its highly anticipated Polygon 2.0. The community has been eagerly awaiting this update, hoping it will address various scalability issues and bring further improvements to the network. Despite the excitement surrounding Polygon’s future plans, the token, MATIC, seems to be experiencing a period…
On-chain data shows that altcoin whales have been highly active recently, something that could lead to volatility in the prices of these assets. Altcoin Whales Have Displayed One Of The Most Active Days Of 2023 According to data from the on-chain analytics firm Santiment, several altcoins have seen transfers worth more than $10 million in…
The MATIC price recovery has faced a hurdle in recent trading sessions, despite its impressive rebound after surpassing the $0.50 level. Although the altcoin experienced a notable 18% appreciation on the weekly chart, it lost 3% of its market value within the past 24 hours. The overall sentiment remains bearish as demand and accumulation for…