Polygon, Fantom Poised for Significant Price Action
Polygon [MATIC] emerged as one of the market’s best performers over the last two months. In doing so, it maintained its position among the industry’s top cryptocurrencies. However, on the back of every great rally comes great FOMO, and this leads to the saturation of buying pressure. Could that lead to a trend reversal for MATIC, or does the altcoin still have room to grow further?
It has been quite an interesting week for Ethereum’s community as it prepares for a major upgrade. In fact, its impact has started spilling over into Ethereum layer 2 solutions such as Polygon now. The latter’s native cryptocurrency, MATIC, concluded the week on the back of a significant upside on the charts. MATIC’s bulls noted an 8.5% uptick in the last 24 hours, allowing it to overcome resistance at the $0.94-price level. The altcoin’s price has been hovering within this...
Over the last week, MATIC has been trying to post positive gains. Even though the bears have the upper hand, the momentum is not entirely in favor of the sellers. Notably, MATIC was 0.39% down within the past one hour of press time. However, it was still 5.61% up in the last seven days. Well, the driving force behind this surge might be the launch of Polygon’s latest Bridge for Gnosis Safe. Source: CoinMarketCap
The Polygon team announced on Wednesday (August 10) that according to data from Web3 development platform Alchemy, there are currently over 37,000 decentralized applications (dApps) powered by Polygon. Polygon is “a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever...
A recently published report from Messari suggests that Cardano ($ADA) is being ‘aggressively priced’ ahead of the Vasil hard fork, at least when compared with rival smart contract networks that aren’t Ethereum, including Solana ($SOL), Algorand ($ALGO), Tezos ($XTZ), and $NEO. According to a tweet Messari shared, Cardano’s...
Billionaire investor Mark Cuban has his own way of evaluating the potential of crypto projects, just like his perspective on Dogecoin. He looks at blockchains as networks with development potential through smart contracts. Cuban’s recent investment in blockchain startup Polygon follows his pursuit for projects like Ethereum which can execute smart contracts among others. In a latest, Mark Cuban reiterated his confidence in Dogecoin as a platform with capabilities to host applications.
On Sunday (July 7), which is when “International Friendship Day” is celebrated in the U.S., Coca-Cola announced that it is “thanking fans who’ve been a part of the brand’s journey into the metaverse over the last year with a special digital collectible drop.” The collectibles have a...
The pseudonymous host of popular crypto market commentary show Coin Bureau explained recently why he is bullish on $MATIC, the gas token for the Polygon network.