Tag Archives: MATIC

Ethereum’s price rally may have stunted the growth of most other altcoins, however, Polygon MATIC is now pretty much wiped off the exchanges. While in early January 2021, there was 1.24 Billion MATIC on spot exchanges and now in May 2021, in over 4 months, only 88.49 Million MATIC remains. On-chain sentiment suggests that retailContinue reading “Matic is nearly wiped off of exchanges! What is the effect on the price?”

Altcoins are rallying to the extent that Bitcoin’s dominance remains below 50% and the asset is rangebound below $64000. It is likely that the rallying altcoins in the top 25 may be behind the selling pressure on Bitcoin, and the investment outflow from Bitcoin and into altcoins. Retail traders are looking for the next altcoinContinue reading “CAKE, STX, MANA, MATIC: what signals traders need to set their sights on”

Polygon has been rallying for the past two weeks. After the expectation of the altcoin’s price hitting $1, it hit an ATH of $0.94 and has been rangebound since then. The trade volume is a tenth of Ethereum, which is $404 Million. It adds to the bullish sentiment of the traders, since the trade volumeContinue reading “What to expect from MATIC’s price over the following weeks”

The altcoin rally has been led by lesser-known altcoins since the beginning of 2021. ALPHA’s rise from the $0.33 level at the beginning of 2021 to the $2.13 level in April 2021 came as a result of the altcoin rally. ALPHA is not alone, top DeFi tokens like MATIC and AAVE have featured in comebackContinue reading “Why traders can expect this price action from MATIC, AAVE and ALPHA”

The spring of 2021 has been largely driven by Bitcoin’s rangebound price action, ETH rallying towards a target price of $3,000, and DeFi’s rally. Since April 2021, over 950k Ethereum have been moved from top centralized exchanges. At the same time, the percentage of Ethereum in circulation now locked in DeFi protocols has risen fromContinue reading “Here are the summer 2021 projections for Ethereum and DeFi tokens”

Imagine buying an altcoin and giving in to the selling pressure before booking profits vs buying and posting double-digit gains in under 30 days. Selling early is one of the biggest regrets of retail traders and negatively impacts trader sentiment as well. This makes it crucial for traders to define a dream portfolio and HODL/Continue reading “Everything you need to know about traders’ ‘dream portfolio’ with XRP, Binance coin, Dogecoin and Matic”

MATIC’s trade volume was up 35% in the last 24 hours. With the increasing trade volume and market capitalization, it is likely that MATIC’s rally is only getting started. The debate on how effective and scalable sidechains are has recently emerged as trivial. MATIC is currently the most accessible liquid token that represents Ethereum’s currentContinue reading “What are MATIC’s chances of heading to $2 this week?”

The altcoin market has now switched to recovery mode. With Bitcoin falling below $50k in the past week, many prominent coins in the altcoin market saw significant sell-offs resulting in substantial drops in trading price. However, in the past 24-hours, many altcoins began registering minor gains as they tried to reverse the trend and moveContinue reading “What are traders focusing on for alts like Binance Coin, REN and Matic?”

Retail traders are always on the lookout for an altcoin right before its take-off, while it is in its last consolidation zone before breakout. MATIC has proven to be one such altcoin, with a nearly 4% gain in price in the last 24 hours. Though MATIC ranks below 50 when ranked by market capitalization, theContinue reading “Who will win the scaling war: MATIC or Ethereum? Why does it matter”

The recovery for the altcoin market was quick, and in the case of DeFi’s top tokens, it was even quicker. The market capitalization is currently above the $2 trillion level and the target is to recover the lost market cap, from over the past few weeks. DeFi’s TVL has recovered from the initial drop basedContinue reading “How altcoins COMP, MKR, and AAVE helped the DeFi comeback”

Riding on the current altcoin rally wave, DeFi tokens, CRV, MATIC and YFI have all been rallying. Merely a year old, CRV now supports inexpensive stablecoin swaps with high liquidity (< $0.001 cents) and high yield farming on CurveFinance among others. This has led to a boost in the demand for CRV and has enabledContinue reading “Should traders expect double digit returns for coins like CRV, MATIC, YFI”

Bitcoin’s price is currently $56225 based on data from CoinMarketCap. The price is rangebound yet again below $60000 and this has increased trade activity in the altcoin market, with altcoins that were less popular before Q1 of 2021 saw a boost in interest. Band Protocol, based on the latest price data from Santiment is upContinue reading “Why there’s a surge in interest for BAND, MATIC, ENJ, MANA, and STORJ”