MATIC Price Prediction: Polygon Recovery Faces Many Hurdles
Polygon's MATIC price is attempting to recover above the $1.00 resistance level against the US dollar after declining from above $1.12. However, it is still facing resistance near the $1.008 level and the 100 simple moving average (4 hours). If there is an upside break above the $1.008 resistance level, the price could continue to recover, with the next major resistance near $1.08 or the 50% Fib retracement level. On the downside, immediate support is near the $0.98 level, while a break below the $0.95 level could lead to a fresh decline toward $0.88, with the next major support near the $0.82 level. The MACD for MATIC/USD is gaining momentum in the bullish zone, and the RSI for MATIC/USD is now near the 50 level. (newsbtc)
Biggest Movers: MATIC Slides to 6-Week Low, as SOL Extends Declines
Polygon fell to a six-week low on Tuesday, with sentiment in cryptocurrency markets remaining bearish. The price plunged as consumer confidence in the United States fell by more than expected, coming in at a reading of 101.3 in April. Solana also slipped, hitting a two-week low.
Crypto Morning Briefing: Crypto Exchange Coinbase Receives License To Operate in Bermuda
Tornado Cash Developer Will Finally Be Released From Jai; zkSync Era Surges Ahead Of Polygon’s zkEVM As It Onboards This DeFi Protocol; CryptoPunks NFT in Centre Pompidou ‘Quite a Surprise’
Lemon Extends Its Partnership With Polygon
Lemon, a crypto wallet based in Argentina, has chosen to extend its partnership with Polygon to make on-chain solutions accessible to its more than 1.8 million users in LATAM. The news was shared by Lemon through an official blog post, with highlights shared by Polygon on its Twitter account.
Donald Trump's Second Set of NFTs Sells Out Within 24 Hours of Launch
Former US President Donald Trump's second set of non-fungible tokens (NFTs), Trump Digital Trading Cards Series 2, sold out within 24 hours since launch, generating over $2.7 million in secondary sales and having 7,394 owners.
Ethereum Layer 2s Gain Popularity in Q1 2023, Alchemy Report Shows
According to a report by Alchemy, Ethereum layer 2s, such as Optimism, Arbitrum, and Polygon, saw an increase in popularity in Q1 2023. Users bridged over $635,000 worth of crypto assets to these networks in the first quarter, an increase of 44% over Q4 2022 and 518% over Q1 2022. The deployment of smart contracts related to layer 2s also increased by 160% when compared to Q1 2022, despite a 30% decrease relative to Q4 2022.
Developers Stay Resilient Through Harsh Crypto Winter, Report Says
Despite the crypto winter that has unfolded over the past few months, Web3 developers remain resilient in their efforts to deploy decentralized applications (dapps), according to the Q1 2023 Developer Report from Web3 developer backend Alchemy. Developers installed an average of 1.9 million Ethereum SDKs per week, a 47% increase year-over-year, and 788% more wallet SDKs were deployed since Q1 of 2022.
HedgeUp (HDUP) Presale Attracts Stacks (STX) And Polygon (MATIC) Holders As They Eye Better Returns
HedgeUp (HDUP) is a new cryptocurrency project that has attracted the attention of Stacks (STX) and Polygon (MATIC) holders. The project aims to provide a decentralized platform for trading derivatives, such as options and futures.
Launch your NFT Marketplace on Polygon
Non-Fungible Tokens (NFTs) have become one of the hottest trends in the cryptocurrency world.
Polygon Is Now the Second-largest Blockchain Gaming Network
After a surge of user activity in March of 2023, Polygon has become the second-largest blockchain gaming network. According to a report from DappRadar, a total of 138,081 unique active wallets (UAWs) became involved in gaming in the Polygon chain.
Polygon (MATIC) Future In Jeopardy Post-Ethereum Transition, RenQ Finance (RENQ) Being Seen As A Replacement By Experts
Polygon (MATIC), a Layer-2 scaling solution for Ethereum, has been a popular choice for developers due to its fast and cheap transactions. However, its future may be in jeopardy as Ethereum transitions to a proof-of-stake (PoS) consensus mechanism, which is expected to significantly reduce gas fees and increase transaction speeds. This has led experts to consider RenQ Finance (RENQ) as a potential replacement for Polygon. RenQ Finance is a decentralized finance (DeFi) platform built on the Ethereum blockchain. What sets RenQ Finance apart from other DeFi projects is its modular and composable architecture, which makes it easier to integrate with other DeFi projects.
Successful New ZK Infrastructure Entrepreneurial Brunch Hosted by zkMeta and Polygon
<b>Cointime News: </b>The “Coming ZK Era: Brand New Possibilities For NFT & GameFi” brunch event was successfully held in Hong Kong, organized by zkMeta and Polygon, and co-sponsored by Aliyun, Particle Network, and O3 Swap. The event drew a lot of attention from institutions and builders working with GameFi, cross-chain, NFT, and ZK technologies. Discussions revolved around topics such as new business models for on-chain game infrastructure, NFT & GameFi using the new ZK infrastructure, current pain points, opportunities, and challenges of public chains, as well as providing new development ideas for Web3 game developers and teams.
Fintech Helio Raises $3.3M in Seed Funding to Expand Web3 Payments Platform
London-based fintech Helio has raised $3.3M in a seed funding round led by Peak and Lightspeed Faction, with participation from RockawayX, Solana Labs, and angel investors. The company's Web3 payments platform enables merchants, dApps, and creators to accept instant crypto payments across multiple blockchains, including Solana, Polygon, and Ethereum.
Uniswap Launches Mobile Wallet for DeFi Trading on Mainnet and L2s
The wallet allows users to seamlessly swap on Mainnet, Polygon, Arbitrum, and Optimism and discover top tokens by market cap, price charts, and volume.
Mastercard Launches NFT-Gated Musician Accelerator Program
Mastercard has announced a new artist accelerator program that is non-fungible token (NFT)-gated and only accessible to holders of its Mastercard Music Pass NFT. The limited-edition NFT is free until the end of the month and was created in collaboration with Polygon, offering free access to educational materials, unique AI tools, and other experiences. The program was designed to help users better understand and trust how blockchain and digital assets are used, and to connect people and build communities around shared universal passions. Mastercard has been a long-time supporter and early adopter of Web3 technologies and has already selected five artists from different genres globally to participate in the program. This development comes less than two months after both Mastercard and Visa announced that they would be delaying all new crypto and blockchain partnerships until improved market conditions and a more established regulatory framework.
BitKeep Swap Now Supports zkSync Era, Enabling Cross-Chain Trading
By combining the services of cross-chain bridge Multichain and SWFT, BitKeep now facilitates cross-chain trading between zkSync Era and other blockchains, such as Ethereum, BNB Chain, TRON, Polygon, Arbitrum, and Optimism.
Our View on 2023 and Beyond
Zero-knowledge proofs (ZKPs) have the potential to enable scalable and private payments as well as smart contract platforms.
Exploring Future Realities: Reddit Launches Third-Gen NFT Collection on Polygon
Reddit has launched its third-generation NFT collection on Polygon, this time featuring over 100 artists and using the theme of future realities. Artists were given freedom to create avatars within the Snoo template frame.
BitKeep Swap Tops DappRadar DeFi Apps with Over 4x Increase in Unique Active Wallets in Past 30 Days
According to DappRadar DeFi Apps, BitKeep Swap has secured the top spot with 330,540 unique active wallets (UAW) in the past 30 days, resulting in an impressive growth rate of 436%. This achievement is attributed to the growth of the user base on Arbitrum and Polygon. In the past 30 days, the number of BitKeep Swap users has risen by 5659.3% on Arbitrum and 47.23% on Polygon.
