WWW.BLOCKCAST.CCPolygon price (MATIC/USD) has plunged by more than 5% after Polygon Labs, the firm behind the Polygon blockchain announced that it had reduced its workforce by 20%. Polygon earlier last year consolidated multiple business units under Polygon Labs and that is what in part informed the layoffs. According to Polygon Labs’ communication: “Earlier this year, […]
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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. MATIC’s golden cross on the daily chart reignited the chances of a trend reversal The crypto’s social dominance declined whilst its Open Interest unveiled a bullish edge Recent buying efforts pushed Polygon [MATIC] again […]
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Polygon [MATIC] was last week’s top performer among the top 20 cryptos in terms of market capitalization, as its value surged by over 30%. At press time, MATIC was trading at $1.20 with a market capitalization of $10.4 billion, according to CoinMarketCap. CoinGecko’s data revealed that MATIC was also quite popular, at press time as […]
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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. MATIC’s recent bearish comeback aided sellers in breaking down from its rising wedge setup. The crypto’s social dominance and open interest unveiled a slight bearish edge. The recent buying efforts pushed Polygon [MATIC] again above the […]
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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. A rejection at $0.92 was expected for MATIC but did not materialize Market structure flips bullish once more, mid-range retested as support as well From 21 October to 26 October, the USDT Dominance metric saw […]
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The crypto payments processing company BitPay now supports the Polygon protocol. Polygon (MATIC/USD) is one of the largest Proof-of-Stake (PoS) based, Layer-2 Ethereum (ETH/USD) scaling solutions out there that was originally launched in October of 2017. Since its time in the crypto space, it has made a huge impact, and all of this is powered […]
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Polygon, the layer 2 solution that has been in the news for quite some time for its increasing number of collaborations, expanded into the NFT space. Despite partnerships in multiple domains for their NFT’s, the Polygon NFT market didn’t see any noteworthy growth. __________________________________________________________________________ Here’s AMBCrypto’s Price Prediction for Polygon [MATIC] for 2022-2023. __________________________________________________________________________ According […]
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Sandeep Nailwal, the co-founder of Polygon [MATIC] recently tweeted about the growing gaming ecosystem in the Polygon network. As per the tweet shared by the co-founder, Polygon was the biggest blockchain in the gaming space. Just look at the growth of gaming users on @0xPolygon Growth is “ORDERS OF MAGNITUTE” bigger than any other chain […]
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Polygon [MATIC] has managed to show consistent growth in the L2 space despite the L2 space seeing a rise in the number of projects. However, will Polygon be able to continue this growth in the future given the current situation of the cryptocurrency market? The answer to this question may lie in Polygon‘s long term plans […]
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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Polygon swift to climb past the mid-range mark last week Buyers look to be in control as Bitcoin battles to stay above $19k USDT Dominance has ranged from 7.28% to 7.7% since the third […]
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