Matic Network – the Plasma-based layer-two scaling solution for Ethereum – has announced the live testnet of its public incentivized staking network, Counter Stake. Detailed in the latest project update by the Matic team, Counter Stake will encompass several stages, beginning with stage 0 (node setup stage), which is now available to the public.“We have therefore released a detailed step-by-step guide to assist you to install dependencies and set up your node, along with information in the...
Read More »Matic Cryptocurrency Has Lost Two-Thirds of Its Value
Matic – an alleged competitor of bitcoin – has reportedly sunk into oblivion and lost most of its value in just a matter of minutes.Matic: One of the Space’s Biggest DroopsThis is something that many crypto enthusiasts get stuck dealing with in one way or another. After all, even mega currencies like bitcoin can fall unexpectedly. BTC dropped from more than $9,500 to about $8,100 in just a few minutes during late September following the dismal opening of Bakkt.However, what makes Matic unique...
Read More »Matic Price Drop Looks Like Binance’s Inside Job, Researchers Say
The Matic token was rising steadily during a two weeks long period and people were buying it without thinking of the possible massive price drop. However, as Coinspeaker has already reported, it happened. The project seemed successful from the start, and the investors who bought large amounts must be shocked right now. As their investments vanished and the Matic’s official response is kind of shady.Crypto. The stuff of dreams and nightmares. $MATIC was up 180% in two weeks before crashing 70%...
Read More »Matic Dramatically Collapses 70% in ONE Hour; Inside Job or Investor Panic?
Matic drops 70% in an hour after weeks of positive gains. The cryptocurrency was up nearly 200% in two weeks before the plunge. Was it an inside job? Matic — one of the first tokens to originate upon Binance Launchpad has witnessed one of the harshest dumps in crypto history, falling a massive 66% in the space of an hour. Crypto, Twitter is screaming today. Altcoins left, right, and center are dropping like stones. Still, one cryptocurrency is hurting more than any other, Matic. On...
Read More »MATIC Token Price Tanks 70% in Flash Crash, Company Issues Clarification
It has turned out to be a horrible day for Matic (MATIC) token investors as the token price has crashed over 70% in a single hour. Today, December 10, the MATIC price has hit a low of $0.012 before partially recovering, as per the chart on CoinMarketCap.Popular crypto traders and analysts took it to Twitter talking about this carnage.Crypto. The stuff of dreams and nightmares. $MATIC was up 180% in two weeks before crashing 70% in an hour. pic.twitter.com/zo9LzP80L8— Alex Krüger...
Read More »Crypto Price Analysis & Overview December 6th: Bitcoin, Ethereum, Ripple, Raven, and Matic
This week Bitcoin attempted to halt the previous bearish trend but failed to advance above the resistance at $7,800. The cryptocurrency has lost a total of 21% over the past month after it plummeted beneath the 100-days and 200-days EMAs in November.To break higher, we must see Bitcoin rising above the resistance at $7,800. If the bulls are successful in this, further resistance lies at $8,000 and $8,265. Alternatively, if the sellers bring the price below $7,400 and start to push the market...
Read More »Matic’s Private Altcoin Season: 160% Bi-Weekly Gains Following Promising News
While most of the major cryptocurrencies have lost chunks of their value in the last few weeks, Matic Network is doing the exact opposite. MATIC is among the strongest performers, as it has surged with 160% at one point in less than two weeks. It recently got listed on another exchange, and the company continues with its staking initiative.MATIC Price SkyrocketsMATIC is currently trading at around $0.03, which seemed somewhat unlikely only a few weeks ago. On November 22nd, MATIC hit its...
Read More »Matic Launches Its Public Incentivized Counter Stake Testnet Event
Matic Network, the platform working on solutions to the scalability issues of the Ethereum blockchain and using Plasma side chains and a Proof-of-Stake network, has announced its public incentivized staking testnet event Counter Stake is finally live.Counter Stake has arrived!Matic’s public incentivized staking testnet event is now officially live.We have released a detailed step-by-step guide on setting up your node. Over 3 million $MATIC tokens are to be shared among participants ?Read...
Read More »Meet Matic Network – The Most Talked About ETH Scaling Solution
Photo: Matic NetworkWith a young and digital-savvy population, it’s no surprise that India established itself as a technology powerhouse more than a decade ago. Many multinational corporations took advantage of salary arbitrage to outsource or offshore their IT operations, leading to an explosion in India’s digital economy. As of 2018, the Indian tech industry was worth $181 billion.However, in the blockchain space, things look somewhat different. The US is home to Coinbase, Switzerland can...
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