Tag Archives: MATIC

Ethereum’s growth has been phenomenal, and its DeFi capabilities make it the one of the biggest blockchains. However, at the same time, the cost of being an Ethereum user has made it difficult for some to operate on the chain. This led to the creation of Layer-2 chains and cheaper L1s. Ergo, the question –Continue reading “Ethereum v. Polygon – Could gas fees be the turning point yet again”

This year so far has been marked by social networking platforms coming up with different ways to immerse various elements of NFT technology as service offerings. The latest platform to try this is Reddit. On 7 July, it announced the launch of “Blockchain-Backed Collectible Avatars.” According to the announcement blog, the limited-edition collectible avatars areContinue reading “The full A to Z of MATIC’s performance since the Reddit news”

The Polygon [MATIC] network and its native have been moving towards the green than staying around the red lately. Additionally, trader optimism has been high due to celebrations around 4 July. MATIC, has thus, witnessed a rampant price surge alongside a recovering crypto market. A day to behold! The crypto market has been flashing aContinue reading “A probably win-win for Polygon [MATIC] as network and alt gear for…”

Polygon has made a name for itself in the DeFi space. It is the third-largest chain in terms of the number of active protocols. Recently, the blockchain took a step in the direction of advancing Web3. But the development did not have any positive influence on the price of MATIC. Polygon Avail tale Avail wasContinue reading “Polygon missed another shot at reclaiming $1- Decoding the reasons”

Polygon’s MATIC token concluded the month of June with a 30% bearish correction. The token has kicked off July with the same bearish energy and may potentially seek more downside due to a network attack. The Polygon network’s latest update on 1 July revealed that its public RPC gateway offered by Ankr experienced a DNSContinue reading “MATIC- Attack on network component but exchange outflows high, here’s why”

MATIC’s recent bearish pull below the 40 EMA posed revival barriers for the buyers. While the altcoin enters into a high volatility phase, the existing structure exhibited an outlook that was more toward the neutral side.  The reversal from the 23.6% Fibonacci resistance bogged down the bullish efforts to potentially test the $0.675-mark. At press time,Continue reading “MATIC’s retest of trendline support will give way to shorting opportunity at…”

The week has been quite a ride for Polygon and MATIC as the network and its token have seen significant growth. Surprisingly, the altcoin is still maintaining its rise thanks to solid support from broader market cues as well as a recent development.  Polygon arrives on Coinbase Heeding the demands of its users, crypto-exchange CoinbaseContinue reading “Is MATIC’s 71% rally enough to preserve mid-term, long-term HODLer interest “

The broader market is reeling under significant sell pressure. However, MATIC’s bulls have successfully been able to bring impressive demand to its network. On 23 June, MATIC, out of all the top 20 coins, registered the most gains over the last 24 hours. It saw a spike of 24.33% while its seven-day valuation rose byContinue reading “Decoding the how and why of MATIC’s unprecedented hike”

Traders and investors holding on to Polygon [MATIC] may have spotted a 10% uptick in price over the last 24 hours. In doing so, they may have assumed that a bullish run was underway. Unfortunately, they would be wrong. With an index price of $0.3637, the crypto has dropped back to its April 2021 levels.Continue reading “MATIC’s last 80 days have this to say about the crypto’s fortunes”

The broader market crash wiped out $280 billion from the crypto market as every cryptocurrency crashed over the past 24 hours. Falling below the $1 trillion mark, the combined value of all cryptocurrencies, at the time of writing, stood at $934 billion. Among the ones to take a hit was Polygon as well, which isContinue reading “MATIC: Traders going short in hope of bearish marubozu should look at doji”

Polygon (MATIC) has dropped by more than 60% from its record high of $2.92 that was established on 27 December, 2021. Polygon’s extremely bearish outlook emerged amid a broader crypto market correction in 2022. More losses could be a concern to make things worse for the token. Needless to say, the network needs some newContinue reading “Despite positive developments, why Polygon [MATIC] still has a long way to go”

A wise man once said, “Before you save the world, make sure your own house is in order.” Following a chat with CNBC at this year’s World Economic Forum (WEF) Annual Meeting, Mihailo Bjelic, the co-founder of Polygon, tweeted that every entity from banks, enterprises, media companies, and non-governmental organizations is aware of Polygon andContinue reading “Polygon [MATIC]: Assessing how ‘interested’ investors really are”