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 […]
Tag: polygon
POLYGON MATIC PRICE ANALYSIS & PREDICTION (December 27) – Matic Enters Crucial Resistance Zone Following 30% Weekly Rally, Can It Break Out?
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 […]
Polygon’s Native Token, MATIC, Displays Resilience Amidst Challenges
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 Shows Bullish Momentum As Total Value Locked (TVL) Surges To $6,275,266,756
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 […]
Recent Moves By $MATIC Whales Shake Up Market Despite The Notable Percentage Decline In Price
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 […]
Massive Surge in POLS Token Minting Sends Polygon Gas Fees Soaring
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. […]
POLYGON MATIC PRICE ANALYSIS & PREDICTION (November 7th) – Matic Slowly Breaks Higher As It Targets $1, Up 15% In A Week
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 […]
POLYGON MATIC PRICE ANALYSIS & PREDICTION (October 24) – Matic Steams Down After Facing Rejection, Posts 20% Gains In A Week
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 […]
POLYGON $MATIC PRICE ANALYSIS & PREDICTION (October 3) – Matic Signals Bullish After Locating Support, Poises For A Big Rally
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, […]
37M MATIC Token Transaction Spurs Speculation Amidst General Crypto Slump
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 Price Analysis & Prediction (May 4th) – MATIC Loses $1, Cracks Wedge After Strong Pressure, More Incoming Sell?
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 […]
Polygon Price Analysis & Prediction (April 18th) – MATIC Resumes Positive Actions After Weeks of, Gains a Weekly 6%
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 Price Analysis & Prediction (April 11th) – MATIC Struggles to Resume Bullish Momentum After a Rejection, Drops 2% in a Day
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 […]
Polygon (MATIC) Price Analysis & Prediction (Mar 14th) – Bears Are Reaching an Exhaustion Point, Can This Wedge Produce a Rebound?
The price of Polygon‘s Matic token has continued to remain in a broadening wedge despite the ongoing decline. It currently trades near the wedge’s lower boundary, where a potential buyback could take place. Following sell actions from the upper boundary of the wedge, Matic has shed a lot of losses […]
Polygon Price Analysis & Prediction (Mar 6th) – MATIC Looks For Rebound Level, Can This Wedge Provides Support?
Polygon‘s MATIC lost momentum in the past month after posting several gains for six weeks. The price looks weak as it is yet to find a solid level for recovery. Aside from the early year increase, which saw the price to a multi-month high in February, MATIC has returned over […]
Top 3 Polygon Ecosystem Tokens Below $45M Market Cap To Watch In March 2023
With several projects being built on the network, Polygon is a layer-two (L2) blockchain for Ethereum that makes use of various scaling mechanisms to increase the scalability of the Ethereum mainnet. Polygon Ecosystem Tokens has a total market capitalization of $30,832,533,735 and a total trading volume of $5,183,888,870 in the […]
Polygon Price Analysis & Prediction (Feb 23rd) – MATIC Reaches Exhaustion After Doubling its Price in Two Months
After months of recovery, Polygon’s price increased by 100% this year to test the April 2022 breakdown level. It rejected that level yesterday and slipped slowly – now looking for solid support. Last week saw MATIC through its first major correction of the month after marking a 9-month resistance at […]
Polygon Price Analysis & Prediction (Jan 18th) – Matic Eyes More Highs But Taking a Break After 20% Weekly Gains
Defying all odds, Polygon – MATIC’s performance has been so impressive since the start of the year as it recovered nicely with over 30% gains. The bulls are back and looking for more levels to tap. Once again, Matic bounced above a crucial demand zone and increased consistently for two […]