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The cryptocurrency market is no stranger to volatility, and Polygon (MATIC) is currently feeling the pressure. Despite being a favorite among many investors, MATIC's price has recently faced a downturn, causing concern and speculation about its future.
The MVRV ratio was deeply negative, showing that short-term buyers were at a loss. Any price bounces will likely be sold for these traders to break even.
Polygon (MATIC) price struggles below $0.60 and might fall to $0.50 in July due to bearish market sentiment.
The crypto market has recorded a consolidated price action after trading under a bearish sentiment for over a week, giving its investors a sign of relief. However, the altcoin leader, Ethereum Price, continues its struggle to surpass the $3.4K mark, resulting in top altcoins recording a price similar trend.
Ronin, the blockchain for gamers, has announced that its zkEVM Testnet is now live. The official unveiling of the zkEVM testnet comes a few days after Ronin introduced its zkEVM. The team called it the first step towards bringing Layer-2 blockchains to the mainnet.
This Elastic Chain is composed of multiple chains in the ZKsync ecosystem, but users will feel like they are using a single chain.
Polygon (MATIC) is displaying conflicting on-chain data trends, especially as it relates to the profitability of its addresses. According to data from crypto analytics platform IntoTheBlock (ITB), only 5.63% of Polygon addresses are either in profit or at the money or breakeven point.
Polygon Labs' Colin Butler predicts a need for massive RWA market growth to draw traditional financial institution interest. The post RWA market needs to grow 100x for financial institutions to start caring: Polygon Labs exec appeared first on Crypto Briefing.
Last week, the NFT market experienced more decline, with sales dropping 12% following a 16% plunge the previous week. Here's the latest.
As Polygon (MATIC) faces a potential drop to $0.30 amidst market downturns, a turn of events can switch everything and MATIC price can surge back up, but to what price?
Polygon's Ecosystem Token (POL) price has fallen further as it loses its current price range. Price analysis by Coinidol.com.
Polygon (MATIC) is again flashing bullish signals, having maintained a bearish outlook for a while now. These bullish signals suggest that the token could soon make a significant move to the upside.
Polygon (MATIC) seems prepared for upswings towards the resistance level of $1. The altcoin displayed increased momentum after a consolidation phase, confirming enhanced investor interest and potential price surges. Moreover, Polygon boasts a stable number of wallets, suggesting consistency in new address creation. Meanwhile, the project has seen slight upticks in wallets holding MATIC balances.
Polygon (MATIC) has emerged as a focal point for traders and analysts alike, amid recent market turbulence and fluctuating investor sentiment. This article delves into the current state of MATIC, analyzing key technical indicators, market dynamics, and the potential catalysts that could drive its price recovery in the coming days.
Polygon takes no prisoners in its AggLayer campaign.
The short answer is: probably not—but it's complicated.
TL;DR Polygon Partnerships: Polygon has partnered with Fox Corporation and Ronin Network, leveraging its zero-knowledge (ZK) technology to enhance scalability and security in blockchain gaming and media content verification.
Polygon (MATIC) price could make a comeback with the support of its investors, provided they move in a positive direction.
The U.S. Securities and Exchange Commission (SEC) has permanently closed its Ethereum investigation, which sparked a rally in ETH and altcoins. While the move by the SEC has gained skepticism, especially in the XRP community, does Ether gaining status as a commodity means all proof-of-stake (PoS) cryptocurrencies such as Solana, Cardano, and Polygon are commodities?
Polygon is gaining intense adoption through its CDK toolkit as Ronin and media giant Fox Corporation just unveiled new collaborations.
This move positions Ronin to integrate with AggLayer, serving the largest web3 gaming community. By adopting the Polygon CDK, Ronin empowers developers to build and deploy their own zkEVM L2 chains on the platform.
Polygon (MATIC), a prominent cryptocurrency known for its scalability solutions, finds itself entangled in a challenging market landscape, grappling with significant resistance as it strives to sustain its price above $0.75. Recent market movements have underscored the hurdles facing MATIC, highlighting broader implications for investors and enthusiasts alike.
Polygon, a leading layer-2 (L2) scaling solution in the Ethereum ecosystem, recently announced two major partnerships.
Ronin unveils scaling plans leveraging Polygon's technology.
