Polygon

Polygon (MATIC) has struggled to maintain its price above $0.75, falling to $0.61 due to strong bearish resistance. Technical indicators, including RSI, Ichimoku Cloud, and MACD, suggest a prevailing bearish trend with limited buying momentum. Polygon (MATIC) is currently navigating through a challenging period as it faces strong resistance and bearish sentiment, hampering its efforts to break higher price levels. Over the last 30 days, MATIC’s price has been unable to sustain above $0.75, resulting in a decline to $0.59…

Two tokenized mutual funds for the US Treasury and European Bonds have been launched by Spiko and will be available on the Ethereum and Polygon blockchain.  4 million Euros ($4.2 million) has been raised through a pre-seed round to sustain and finance the platform.  Polygon (MATIC) has announced the launch of two tokenized mutual funds by Spiko as part of the plans to transform the financial markets by leveraging blockchain databases. Based on the US Treasury bond and Europe government…

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 past seven days. This downward trend has prompted the token to test a crucial macro support level, raising questions about its future trajectory. Amid these…

Polygon has recently launched the Community Grants Program to encourage innovation, and for this purpose, Polygon has decided to distribute 1 billion POL tokens in the next ten years. With 35 million MATIC tokens worth $23m at the starting point, the program focuses on encouraging growth within its environment.  The impulse is coordinated by the Community Treasury Board and covers numerous activities, including gaming and decentralized social apps, focusing on consumer-grade crypto tracks. This commitment demonstrates Polygon’s focus on a…

Despite increasing popularity among other cryptocurrencies, Polygon [MATIC] continues to attract a growing user base, nearing 10 million users. However, the network faces challenges with a significant decline in DeFi activity, DEX volumes, TVL, and overall revenue, which could impact its scalability and ability to fund improvements. Despite the increasing popularity of other cryptocurrencies and blockchain networks, Polygon [MATIC] continued to attract a growing number of users to its platform. Data from Token Terminal indicated that the number of users…

The anticipation of the next ETF has caused a significant market shift, with coins such as Solana preparing for a rally despite its current challenges. Polygon, on the other hand, is looking to break past its vital resistance level as Rollblock records an impressive second-stage presale, raising over $670K while eyeing the $1M mark. Moreover, Rollblock is also set to record a price surge in its upcoming third-stage presale, standing out as the best coin to invest in. Rollblock (RBLK)…

A recent survey shows 63% of participants favoring XRP, 25.9% supporting Solana, and 11.1% voting for other cryptocurrencies, with XRP proponents citing its clear regulatory status in the U.S. Analysts suggest Ethereum’s spot ETF approval could pave the way for other cryptocurrencies, with Bloomberg’s James Seyffart identifying Solana as a potential candidate. The crypto community remains divided on which digital asset is most likely to secure the next spot ETF approval following the U.S. SEC’s recent endorsement of Ethereum-based ETFs.…

Polygon (MATIC), a Layer-2 scaling solution for the Ethereum blockchain, finds itself in a curious position. Recent data from Messari paints a picture of a network brimming with activity – daily active addresses surging nearly 120%, new user sign-ups exploding by 70%, and daily transactions reaching a staggering 4 million. Yet, beneath this bustling surface lies a troubling undercurrent: a 19% drop in quarterly revenue compared to the previous quarter, and a hefty 40% decline year-over-year. Polygon: A Network On…

Polygon, StarkWare, and Polyhedra have vehemently opposed zkSync’s use of the ZK ticker and have demanded that Matter Labs withdraw its trademark application for “zero knowledge.” Matter Labs had filed trademark applications in nine countries to make “zero-knowledge” their exclusive intellectual property, sparking outrage in the crypto community.  Industry Outraged  Polygon, StarkWare, and Polyhedra have come together in a fierce protest against zkSync’s use of the ZK ticker. Polyhedra has already gone on record to state that it would be…