Matic – Page 20

Polygon [MATIC]: How short sellers can take advantage of this opportunity

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. MATIC’s recent streak of bearish engulfing candlesticks has substantially impaired buying efforts as the alt jumped below its three-month trendline resistance. While the current structure tilted in favor of sellers, there are a few caveats to be wary of. The current selling pull outside the bearish pennant could lead MATIC into an undesired spiral of losses in the near term. At...

Tether Eyes Mexican Market With Peso Stablecoin

Key Takeaways

Tether has launched a new stablecoin pegged to the Mexican Peso. MXNT is Tether's the fourth fiat-pegged stablecoin. The new token is currently supported on Ethereum, Tron, and Polygon.

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Tether, the company behind the largest stablecoin on the market pegged to the U.S. dollar, USDT, has launched a new stablecoin pegged to the Mexican Peso.

Tether Launches Fourth Stablecoin

Tether is expanding its stablecoin offerings into Latin America. The company behind the $73 billion USDT stablecoin announced the launch of its...

Uniswap Passes $1 Trillion in Trading Volume

Key Takeaways

Uniswap has surpassed $1 trillion in cumulative trading volume. Three and a half years after its launch, Uniswap is still one of the top protocols in DeFi. Impressive volume and total value locked have not kept its token price from trending downward, however.

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The Uniswap protocol has surpassed a lifetime cumulative trading volume of $1 trillion, despite its struggling token price.

Trillion-Dollar Milestone

Today, the Uniswap community celebrated an impressive milestone as the protocol passed a lifetime cumulative trading volume of...

Monster Racing League: Prioritizing a fun play-to-earn game ecosystem

Monster Racing League is a multi-player play-to-earn game that brings together skill and strategy. Monsters in the game drive themselves during races while players get to time their offensive and defensive abilities to disrupt their opponents and get an edge in the game. The platform aims to create a fun game that integrates blockchain technology rather than iterating a traditional play-to-earn game system that is fun. By emphasizing skill and strategy, Monster Racing League gives users of all levels including...

A DraMATIC time as the token perseveres to cross $1, this metric hit fever pitch

At the time of writing, Polygon [MATIC] was trending on Twitter. You might think that’s a good sign for the asset, but considering that LUNA’s Do Kwon was also a trending topic, it’s well worth taking a second look to make sure all is well.

A DraMATIC time

At press time, MATIC was the #17 biggest crypto by market cap, trading hands at $0.7091. Though the coin rallied by 3.53% in the past day, it has lost 25.65% of its value in...

$ALGO: Cross-Chain Messaging Protocol Launches Support for Algorand

On Tuesday (May 17), generic cross-chain messaging protocol Wormhole announced that it had launched support for the Algorand ($ALGO) blockchain. As Binance Research explained in a research report published in June 2019, Algorand is “a permissionless, pure proof of stake blockchain that ensures full participation, protection and speed within a truly decentralized...

Leading Middle Eastern Crypto Exchange Rain Lists Shiba Inu ($SHIB)

Leading Middle Eastern cryptocurrency trading platform Rain has listed the meme-inspired cryptocurrency Shiba Inu ($SHIB) after months of consideration. The listing boosts Shiba Inu’s liquidity at a time in which token burns are growing among its community. As CryptoGlobe reported, Rain started considering listing the cryptocurrency back in...

Shiba Inu Holders Increase Amid Market Crash, But There’s A Catch

The number of entities holding popular memecoin Shiba Inu (SHIB) hit record highs during the recent crypto crash, as prices dropped to attractive levels. But the token also saw its whale holders fall drastically, a sign that the largest crypto holders may be losing faith in the memecoin.

SHIB adds 16,482 holders

The cumulative meme token market valuation is down by 2% over the last day to stand at $18.8 Billion. The SHIB token prices have decreased by 27% in the last...

KICK.IO dives into their evolving roadmap!

The crypto world is as innovative and exciting as it’s fickle and dynamic. Understanding the market needs and keeping up with the latest trends and changes is crucial if we want to advance and reach new heights. KICK.IO has big plans for the upcoming year, and one, in particular, will definitely make a significant change for both the platform and our users. The dawn of cross-chain bridges Since its inception, blockchain technology has come forward as one of the most reliable ways...

Cardano and Polygon at Risk of Freefall

Key Takeaways

Cardano and Polygon have dropped by more than 4% over the past 36 hours. Further selling pressure would increase the risk for the two assets to drop another 50%. ADA must reclaim $0.97 as support, and MATIC surge to $0.87 to invalidate the pessimistic outlook.

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The bloodbath in the cryptocurrency market may have no end in sight, and Cardano and Polygon are showing signs of weakness.

Cardano and Polygon On the Edge

Cardano’s ADA and Polygon’s MATIC appear to have entered...