Tag Archives: Polygon (MATIC)

High centralization can lead to increased influence by a few entities, potentially undermining the decentralized ethos that crypto strives to uphold. However, centralization continues to be a major bone of contention in space. As such, popular project tokens – Polygon (MATIC) and Shiba Inu (SHIB) – have emerged as the leading examples of high concentration of holdings among top wallets. Centralization Concerns in MATIC and SHIB According to the data shared by Santiment,...

Polygon (MATIC) has been experiencing a decline in network activity since the broader crypto market retrace began in March. However, recent data shared by the crypto analytic platform Santiment indicates a potential shift in this trend. Bullish Reversal for Polygon (MATIC)? Polygon’s native token, MATIC, has lost over 17% of its value in the past month alone as it traded mostly below $0.52. Subsequent declines dragged the asset to the press time price of $0.43, but this could...

TL;DR Binance will add nine new cross margin and isolated margin trading pairs on July 24. It will also delist three trading pairs two days later. The Latest Amendments The world’s largest cryptocurrency exchange – Binance – will update its services to respond to recent market trends and enhance user experience. It will add nine cross margin and isolated margin trading pairs today (July 24). The pairs in question are 1000SATS/USDC, GALA/USDC, AR/USDC, PEOPLE/USDC,...

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