Tag Archives: Polygon (MATIC)

TL;DR Polygon (MATIC) experienced a 30% monthly price surge, with analysts predicting further increases. The surge coincides with a significant rise in Polygon’s on-chain trading volume and other metrics. One of the best-performing cryptocurrencies (at least from the top 20 list) – Polygon (MATIC) – briefly surpassed the $1 mark this week. Its 30% price surge on a monthly scale has captured the attention of industry participants, with some analysts envisioning a further...

CoinspeakerPolygon Labs Unveils AggLayer to Drive ZK Transition in L2s AggLayer strives to offer uniform security to connect modular and monolithic chains, including those within the Polygon ecosystem. Polygon Labs Unveils AggLayer to Drive ZK Transition in L2s

After an impressive run along with the rest of the crypto market, Polygon’s native token – MATIC – lost approximately 15% of its value over the past week dragging its price to $0.77. Experts suggest that this level is far below the crucial support zone. If the price continues to stay below this range, there is an increased risk that these holders may begin selling to prevent substantial losses. According to prominent crypto analyst Ali Martinez, MATIC has fallen beneath a...

The Polygon Ecosystem Growth address has distributed 217 million MATIC tokens to approximately 70 addresses within the last 24 hours. This strategic move aims to foster development and expand the ecosystem. As a result of this token distribution, there has been a slight impact on MATIC’s market price, leading to minor declines. Polygon Ecosystem Growth 217 Million Distribution According to etherscan data, approximately 70 wallets were credited with 217 million MATIC,...

TL;DR MATIC’s Price Surge: Polygon’s native token, MATIC, has seen an 80% increase in value over the past month and is among the few assets to gain in the last 24 hours, currently trading at around $0.94. Market Sentiment and Institutional Interest: The rally in MATIC’s price is partly attributed to the overall bullish sentiment in the crypto market and growing interest from institutional investors and whales. Significant Accumulation by Key Wallets: Key wallets holding...

zkSync creator and Matter Labs CEO Alex Gluchowski refuted allegations of plagiarizing code without appropriately crediting zero-knowledge scaling firm Polygon Zero. Gluchowski called the accusations “unfounded, misleading, and extremely disappointing” from a team the exec “highly respects.” The comments are in response to Polygon Zero’s lengthy blog post accusing the developers of Matter Labs of copy-pasting “a substantial amount of source code” from performance-critical...

CoinspeakerCrypto Soars to Yearly Highs amid XRP Fueled Sentiment Bitcoin (BTC), the world’s largest cryptocurrency, reached its highest price since June 2022, touching $31,818 on the Bitstamp exchange. Crypto Soars to Yearly Highs amid XRP Fueled Sentiment

Financial trading platform eToro issued new guidelines barring US customers from buying four crypto assets that were recently deemed securities by the United States Securities and Exchange Commission (SEC) in lawsuits against Coinbase and Binance. While eToro did not explicitly cite the securities regulator’s action as the reason for the latest changes in its crypto offering, it did emphasize the “rapidly evolving regulatory landscape.” In doing so, eToro joins the likes of...

The Securities and Exchange Commission alleged that some of the largest altcoins, such as ADA, MATIC, and SOL, are unregistered securities. Most assets slumped in value shortly after the allegations went out. Now, though, the organizations between the blockchains and the tokens have published official statements to refute the SEC’s claims. Polygon Responds MATIC traded at $0.9 last week, just a few days before the SEC went after Binance and Coinbase, alleging in the lawsuits...

Arbitrum has managed to rake in a significant market share as demand for Ethereum rollups soars. According to data shared by CoinShares, Arbitrum remains the top destination for capital flows away from Ethereum, among other protocols as well as layer 2s. As of May-end, the network attracted capital worth $4 billion. Closely following Arbitrum is Polygon raking in capital worth $3 billion, followed by Optimism with $983 million, and dYdX with $342 million, the stats revealed....