Tag Archives: MATIC

Polygon has released a new update for its network. Polygon contract address released 13.87% of the total supply to the foundation contract address. Officials from Polygon said 640 million MATIC are allocated to the team and staked directly. Furthermore, 546 million MATIC tokens are allocated to the foundation and 200 million are used for stakingContinue reading “1.4 billion MATIC locked in- Here’s what could follow next”

Polygon [MATIC] has been riding high in the crypto market recently. The meteoric and yet shocking rise of MATIC’s price has been well-documented in the news. Most recently, Polygon announced the release of zkEVM, its first EVM-compatible layer 2 scaling solution. This development is expected to be a big hit as it will enable cheaperContinue reading “Assessing Polygon’s comeback as Q3 paints new hopes for MATIC holders”

The entire crypto market faced a massive dump on 25 July. Consequently, some altcoins’ prices went on a downtrend. One of them is Polygon [MATIC], which had an 8.59% decline over the last 24 hours as per CoinMarketCap.  The Ethereum-based cryptocurrency had also decreased by 19.83% in the last seven days. It was one ofContinue reading “MATIC could create a balanced state if this comes to fruition”

It makes sense to sell MATIC at its current price level to cash out from the recent rally. This decision might particularly be enforced by the slight pullback that it has achieved from its latest top. However, there is still potential for more upside that investors should consider. The latest bullish uptick since mid-June allowedContinue reading “Why MATIC’s resistance breakout might still be on the table”

Polygon, a layer-2 scaling solution on the Ethereum [ETH] network showcased some unprecedented rise. And, this movement was indeed enough to create headlines across the crypto community. So what exactly happened with the layer 2 scaling solution? Decoding the mystery  Polygon’s native token MATIC has been rallying all week, showcasing strong on-chain fundamentals. Polygon jumpedContinue reading “The MATIC study of an unprecedented hike with ‘development’ probe”

The Polygon network just released a new major announcement related to the development of the network. The timing of this announcement also happens to come at an appropriate moment, considering MATIC’s strong upside so far this month. The network announced the launch of its first EVM-compatible layer 2 scaling solution called zkEVM. This development hasContinue reading “Assessing if Polygon [MATIC] can hold on to its recent gains”

Polygon has been grabbing the headlines in recent days. Its native token MATIC has been pushing towards the $1 resistance with all force. The development updates on Polygon provided a solid foundation for MATIC to flourish in. Now, on-chain metrics are suggesting that $1 could be the very next target. And upwards we go TheContinue reading “Traders shorting MATIC in current market should read this”

Polygon’s community has been in a celebratory mode over the past few days. As expected, MATIC has grown leaps and bounds too and is now showing promise after Q2’s carnage. In fact, recent developments have added to the community’s hopes for the near future as the FOMC meeting looms. Polygon hitting new heights soon? MATICContinue reading “MATIC: Will a mixed bag of these metrics be enough to hit $1”

In a newly published report, leading crypto-assets data provider CoinGecko found that the Decentralized Finance (DeFi) ecosystem registered a 76% decrease in market capitalization over the last quarter. Between April and June, while the entire cryptocurrency market was plagued by a full-on bear run, DeFi market capitalization declined from $142 million to $36 million. AccordingContinue reading “What did Q2 have in store for DeFi’s market performance”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. MATIC bulls finally gathered enough thurst to flip the three-month trendline resistance to support in the past two days. After witnessing a solid buying spree, the alt floated above the 20 EMA (red) andContinue reading “MATIC: Is it a good time to buy? This breakout could be key answer”

The entire cryptocurrency market seems to be recovering at a slow pace after an immense sell-off period. MATIC has been one of those coins which have successfully made its investors happy over the past few days. The altcoin has seen unprecedented gains coming its way. Exploring the reasons The Ethereum scaling platform, Polygon, once knownContinue reading “Why MATIC is siding with bulls to register ‘Disney’ gains”

Major cryptocurrencies have been falling since a weekend sell-off, but MATIC has been registering constant gains. It’s important to note that Polygon has released a raft of new upgrades on its network recently. A new change Polygon is back on the price charts after it released new features to improve user experience. MATIC, at pressContinue reading “Polygon: Explained why MATIC is registering constant gains”