Cryptocurrency News
Matic is down 3% today following a recent price rejection. This led to a slight decrease over the past hour as bearish actions slowly returned to the lower time frame. Matic further recovered this week and completed a retracement movement after testing $0.83. It faced rejection there and initiated a […]
Yesterday saw Matic through a slight break in buying after rising for a week. It has resumed positive actions following an increase in volume inflow over the past hours. It looks stuck at a key resistance at the moment. The bearish correctional phase seemed to be fading on the daily […]
In 2023, Polygon, a Layer-2 scaling network for Ethereum, came close to rivaling Ethereum in crypto user acquisition, as per data from blockchain analytics firm Flipside. The gap between Polygon and Ethereum was narrow, with Polygon gaining an impressive 15.24 million users compared to Ethereum’s 15.4 million. NEW: Polygon acquired […]
The past few weeks saw Matic through a steady decrease, bringing the market to a critical support area. While it decreases by more than 20% in a month, these losses are just a tip of the iceberg as a bigger drop lies ahead. Looking back, Matic started to lose momentum […]
After declining from a 21-month high in the past month, MATIC activated another drawdown a few days ago and approaches a two months support. A huge price movement should be expected if the price drops below it. MATIC slipped below the $0.83 level yesterday in continuation of its bearish trajectory […]
Polygon, a prominent blockchain network, is under scrutiny for apparent discrepancies in its token distributions, raising concerns about potential collaboration with Binance, as reported by intelligence organization ChainArgos. ChainArgos conducted research revealing disparities between Polygon’s stated objectives for token distribution and the actual movement of tokens. The primary focus of […]
After losing steam last month, Matic fell and entered a range mode. Although it managed to rebound and push well above the 0.9 level following a massive surge in a week. Now on the verge of breaking out. Looking at the market structure, Matic appeared to have provided some discount […]
Despite candid admissions from Polygon’s MATIC founder, Sandeepnailwal, regarding the “painful ride” experienced throughout 2023, the platform is wrapping up the year on a positive note. MATIC, the native token of Polygon, has witnessed a significant uptick in value over the past week, managing to emerge from a position of […]
Polygon’s MATIC has recently taken a significant leap in the Total Value Locked (TVL) metric, surpassing major blockchain players like Ethereum, Solana, and Arbitrium. The impressive TVL now stands at an astounding $6,275,266,756, solidifying Polygon’s position as a key player in the blockchain scalability realm. This achievement is attributed to […]
In the midst of the current bearish trend gripping the crypto market, $MATIC has faced a decline of over 5% in the last 24 hours, mirroring the broader market sentiment. Notably, the token’s trajectory has been influenced by substantial movements from key players, namely LayerX Capital and two whales identified […]
In a surprising development, Ethereum layer-2 Polygon experienced an exceptional surge in gas fees, soaring more than 1,000% to a pinnacle of $0.10. This surge was set off by a massive influx of users minting POLS tokens, inspired by Ordinals, indicating a substantial increase in transaction action on the network. […]
Matic’s price continued to increase since it bounced off the $0.50 level weeks back. The trend currently looks bullish in the short term as it shows no signs of weakness. More positive actions should be expected! Following a slight pullback near a broken resistance line last month, Matic found support […]
Matic saw a weekly 20% increase following a solid rebound off a key level in the past week. It encountered resistance yesterday and retraced slightly. It is currently looking for nearby support to resume bullish. After breaking out of an 8-month resistance line to $0.60 a few weeks ago, Matic […]
Amidst the latest positive actions in the overall crypto market, Matic followed the pattern and increased by 12% in a week following a slight break through a crucial descending trendline. More buying could take place if volatility is enhanced. After marking the highest price level at $1.5 earlier this year, […]
In a notable turn of events, a substantial amount of 37 million MATIC tokens, the native cryptocurrency of the Polygon Network, was transferred from a whale Proof-of-Stake (PoS) address to a three-year-old wallet. This transaction took place against the backdrop of a relatively mild 4% price increase for MATIC, which […]
Polygon (MATIC) slightly resumed bearish after cracking multiple support levels over the past few days. It currently lost 2.5% as selling pressure underways. The $0.9 level might be the next stopover. After much pressure is applied at the $1 psychological support level for days, Matic’s bears finally won the battle […]
While many top altcoins witnessed an early upsurge this week, Polygon‘s MATIC remained calm with no sign of recovery. The price later picked up following a 1% increase over the past hours. It may reclaim the previous high if buying volume increases by the day. The price of MATIC is […]
Polygon‘s MATIC price decreased by almost 2% today following a steady drop in volatility across the crypto market. The price looks weak this week as it slowly build-up bearish actions towards a critical support level. Since the price retraced from $1.56 to $0.95 in the past months, Matic finds it […]