Tag Archives: MATIC

Polygon, in a 25 April tweet, noted that zkEVM has been live for more than a month now with a surge in deposits. However, MATIC’s metrics looked concerning.

Despite signs of easing short-term selling pressure, MATIC may fluctuate as traders wait for the next Fed announcement on 2-3 May.

Unlike ChatGPT’s price predictions, things were not looking good for MATIC on the TradingView chart.

Polygon NFT sales start to rise. However, declining interest in dApps impact overall activity on the Polygon network negatively.

Polygon, in its latest blog, addressed multiple questions regarding zkEVM and its EVM equivalence. ZkEVM’s performance, on the other hand, remained a little concerning. 

y00ts was the most traded Polygon NFT collection on OpenSea at the time of writing, clocking over $4 million in volume from 924 sales over the past month.

EOS launched its EVM, making it a competitor for Polygon’s zkEVM and zySync Era. Positive sentiment spiked during the launch, but things turned around later. 

Polygon drafted an open letter addressed to the representatives of the EU. The aim was to clarify the scope and intent of Article 30 to ensure it accounts for the ways in which smart contracts operate.

Polygon fell to the weekly low of $1.08 on Wednesday but was quick to recover on the back of steady demand in recent weeks. A strong resistance zone on the shorter timeframes was nearby on the charts.

Y00ts became the most traded Polygon NFT collection in the last seven days. A few other developments suggested that the ecosystem could further flourish. 

MATIC has traded sideways in the market in April, and did not possess any strong trend on the lower time frames. The volatility of the CPI announcement could drag MATIC downward, but a retest of a bullish order block could see demand for the token and present traders with an opportunity.

MATIC could approach another high similar to its 2021 uptrend. The token’s supply on exchange is close to its highest ever. Like most cryptocurrencies, Polygon [MATIC] has experienced a significant price increase in recent times. But after the period of recovery for most of Q1, the token of the Ethereum [ETH] scaling solution faced a notableContinue reading “All about Polygon’s recovery, downsides, and the likelihood of another upswing”