Polygon’s MATIC Blasts Through Resistance, Targets $1
The meme-inspired cryptocurrency Shiba Inu ($SHIB) has kept on seeing its holder count grow even during the ongoing bear market, to the point now over 1.2 million Ethereum addresses hold SHIB, up from around one million eight months ago. Back in November of last year, the meme-inspired cryptocurrency...
Polygon (MATIC) token has registered a price surge of more than 22% in the last 7 days. This recent price jump has helped MATIC to wipe out its past loss. However, the data suggest that a cooldown might be coming ahead.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Polygon [MATIC] has been on a downtrend since late January. The altcoin posted a loss of nearly 80% from April to mid-June, but it saw a near 60% bounce over the past month. Yet, the market structure still remained bearish. There was a chance that MATIC would go on to consolidate underneath a region of heavy resistance.
FrontFanz, a revolutionary censorship-resistant Web3 content-sharing platform with vast monetization opportunities, has closed its first private round. And now, FrontFanz has partnered with ExMarkets, the market-leading crypto crowdfunding platform, to conduct its 2nd round private sale on the 15th of July. The first public Initial Exchange Offering (IEO) will start on the 20th of July 2022. What’s FrontFanz, and why should you be interested? FrontFanz is a content-sharing platform that allows people to create, share and profit from their work. Coming...
On Monday, Vauld cofounder and CEO Darshan Bhatija shared a few updates on their discussions with financial and legal advisors. In an email to Vauld customers, he explained how the management plans to explore possible options to resolve the crisis. The cofounder also shared about the chances of closing an acquisition deal with Nexo, as announced last week.
Cryptocurrency investors worldwide are reeling under the throes of the bear market, which is an absolutely common phenomenon in this space, with the last one taking place two years ago when the pandemic buried the US economy. Nonetheless, the 2022 collapse could symbolize the first downturn for the younger and newer investors who began trading during the pandemic. The bear market refers to a situation when supply is greater than demand, prices drop, and the investment portfolio turns red. The...
Cryptocurrency asset manager Grayscale Investments has maintained both Cardano ($ADA) and Solana ($SOL) as the top holdings in its fund offering investors exposure to smart contract blockchain networks while excluding Ethereum ($ETH). According to data from the Grayscale Smart Contract Platform ex Ethereum Fund (GSCPxE), its Cardano allocation is...
Bitcoin has lost nearly 30% of its value in the last 30 days, as a series of liquidations of major crypto holders spurred mass dumping of the token. This in turn has severely impacted sentiment towards the crypto market, causing most major altcoins to tumble in tow. The world’s largest cryptocurrency is now barely holding above $20,000- its weakest level since late-2020. Ethereum has also suffered losses in a similar magnitude, losing 31%. But weakness in the two largest tokens has seen...