Tag Archives: MATIC

Polygon (MATIC) was on a steady uptrend as it formed a six-month-long rising wedge (yellow) and attained its ATH on 27 December. Since then, it saw a steep fall while falling below its 20-50-200 EMA. Moving forward, MATIC looked to test the 61.8% Fibonacci support at the $1.5-mark and affirm the beginning of a downtrendContinue reading “Should you HODL or sell? This is where MATIC could head in the coming week”

The latest cryptocurrency hack has targetted Polygon‘s native stablecoin protocol Qi DAO, as its Suplerfluid vesting contract faced an exploit earlier today. The hackers got away with a reported $13 million in various tokens, leading to its governance token Qi’s price falling a sharp 68% in no time. QiDAO announced the hack on Twitter earlierContinue reading “Polygon’s stablecoin protocol QiDAO suffers $13 million exploit on third party contract”

While the overall market sentiment improved, Solana, MATIC and Tron continued their up-channel oscillation. As a result, they reclaimed lost support levels. Their near-term technicals displayed a bullish bias but the overbought readings on their 4-hour chart could cause a potential slowdown. Solana (SOL) SOL noted a 52.2% loss (from 5 January) and touched itsContinue reading “Solana, MATIC, Tron Price Analysis: 07 February”

With the Crypto fear and greed index showing substantial improvements in overall sentiment, NEAR’s 20 SMA jumped above its 50 SMA while it reclaimed the $13.2-support. Also, XRP and MATIC continued their up-channel (reversal pattern) trajectories on their 4-hour charts. XRP Since losing the $1.01-level on 26 November, the alt has been on a steadyContinue reading “XRP, MATIC, Near Price Analysis: 06 February”

Layer 2 protocols aimed at bringing scalability to the ever-congested Ethereum network have been stealing the crypto show ever since the DeFi summer last year. One platform that especially stood out was Polygon, which has become a go-to for many to for many DeFi proponents looking for low fees and high speed on their transactions.Continue reading “Polygon reaches new milestone of 7000 dApps, beats ETH’s daily transaction volume”

Polygon is on an expansion spree, adding more DeFi applications to its network every day. The effects this could have on the network contribute to the bigger picture of MATIC’s growth. Polygon in the Metaverse Just a few days ago, Zignaly, the VC-backed NFT insurance protocol opened their first office in the Bloktopia’s Metaverse. TheirContinue reading “Polygon Dapps expansion into the Metaverse serves as a boost to MATIC”

Interestingly, the crypto fear and greed index plunged by a point over the past day while the market entered into the green zone. This reading meant that the recovery still failed to alter broader sentiment.  MATIC saw a double-digit recovery from its 11-week Point of Control and reclaimed the 61.8% level. Further, Cosmos and BitcoinContinue reading “MATIC, Cosmos, Bitcoin Cash Price Analysis: 13 January”

Though Polygon’s MATIC fell by 15.49% in the past seven days, the alt rose to trade at $2.11 during press time. In fact, despite MATIC’s fall in the last week and most top cryptos struggling in the red, analysts and experts have their own reasons to be bullish. MATIC on the move Crypto influencer Lark DavisContinue reading “Bullish investors who want $10 MATIC need to keep this catch in mind”

As Bitcoin and Ethereum lost their long-term supports, Binance Coin and Tron poked their multi-month lows on 8 January. Now, the 20-EMA stood as powerful resistance for them. Moreover, MATIC lost the critical 61.8% Fibonacci support level. Binance Coin (BNB) Since 26 November, BNB tested the $512-level support multiple times while marking lower peaks. Thus,Continue reading “Binance Coin, MATIC, Tron Price Analysis: 10 January”

How much of a role does heavyweight marketing play in a decentralized crypto-system? Well, according to Polygon co-founder Sandeep Nailwal, it could be a lot. Poly want a contest? In December 2021, crypto-analyst Spencer Noon opined that while Web3 enthusiasts might consider Solana to be the second-most used smart contracts platform, the ‘daily active users’Continue reading “Polygon co-founder responds to ‘Solana v. Polygon for smart contracts’ debate”

Hearing complaints about Ethereum’s high gas fees is almost a ritual in the crypto sector. However, it’s a rarer thing to hear frustrated users slamming network congestion and high gas fees on the Polygon network. Give me gas, not water Flowers need water to grow, but one plant defied all expectations and seemingly prefers gas. Sunflower Farmers,Continue reading “Users raise a stink over Sunflower Farmers NFT for gas fee spikes on Polygon”

While Bitcoin wavered near its 11-week Point of Control, XRP and SAND displayed range-bound oscillation tendencies after breaking down from their 61.8% Fibonacci resistance.  To top that up, MATIC displayed a steady decrease in buying power. However, the directional trend for all the aforementioned cryptos stood quite weak.  XRP Since its up-channel (white) breakdown, theContinue reading “XRP, MATIC, The Sandbox Price Analysis: 03 January”