Analysis Crypto by Thebittimes.Com

Bitcoin’s price and demand are gaining momentum, reflecting trends observed during the 2016 U.S. presidential election. For the upcoming 2024 election, betting markets currently estimate former President Donald Trump’s re-election chances at 66.5%. This has sparked optimism among investors, with expectations of regulatory shifts that could be favorable for Bitcoin fueling a bullish market sentiment. As interest in Bitcoin grows, recent investments in Bitcoin exchange-traded funds (ETFs) are adding to the cryptocurrency’s upward trend. Moreover, tokens on several blockchains have posted rallies. This article curates the most trending cryptocurrencies on Polygon. Most Trending Cryptocurrencies on Polygon  The Fuse Token (FUSE) is valued at $0.033 and has an estimated market cap of $67.31K. Mask Network (PoS) is priced at $3.168, with a market capitalization of approximately $316.98 million. Currently, Elk (ELK) is priced at $0.107, has a market cap of $1.73M, an...

Polygon zkEVM halted operations following a sequencer issue. MATIC price was poised above $1.00 despite the negative development. Meanwhile, Bitbot reached stage 7 of its presale, with growing interest in Telegram bots pushing the total raised amount to over $1.3 million. Polygon zkEVM mainnet beta is back online after a sequence issue caused an outage, the Polygon team has announced.  MATIC price held strong despite the setback while investors keen on opportunities in the Telegram bots space flocked to Bitbot. The project’s presale has surpassed $1.3 million. Polygon zkEVM resumes operations after outage fix Polygon Labs announced early Monday that the mainnet beta of Polygon zkEVM was back online after facing an extended outage over the weekend. MATIC, the native token of the Ethereum scaling and infrastructure development platform, traded up after holding onto gains despite the sequencer issue that saw Polygon zkEVM mainnet beta go offli...

Polygon, formerly known as MATIC until April 2021, is a decentralized scaling mechanism designed to help Ethereum developers create more efficient and cost-effective dApps. By offering a faster network and enhanced security at a reasonable rate, Polygon has emerged as one of the most intriguing and profitable projects in the cryptocurrency space since its inception in 2017. Recently, Polygon ’s native token, MATIC , breached the $0.90 price level, sparking interest among investors and traders alike. According to recent data, MATIC has experienced a surge of almost 5% in the last 24 hours and is currently trading at $0.9653. With the entire cryptocurrency market trading in the red, many are wondering what the future holds for Polygon’s price action, particularly over the coming weekend. Also read: Shiba Inu: Can SHIB Reclaim $0.00004 By March End? Expert Polygon Price Predictions for the Weekend Cryptocurrency experts at Changelly have analyzed various fac...

A community member published a proposal to discontinue support for Polygon on Lido due to a ‘broader uncertainty’ with the Ethereum sidechain project. Ethereum (ETH) liquid staking solution Lido might discontinue support for Polygon (MATIC) months after the protocol paused the MATIC’s staking and withdrawal functionality due to a bug affecting stMATIC withdrawals. According to a new proposal published by a community member , kentie, on Oct. 17, Lido should sunset MATIC staking due to lackluster revenue the protocol generates from Polygon, brand risks, and uncertainty around Polygon’s roadmap. The community member not only suggests sunset ting MATIC support but also makes Lido a “native ETH liquid staking provider and avoids assuming risks from smaller pockets of TVL.” “Overall, Polygon has struggled to retain DeFi TVL compared to other L2s. Both Solana and Polygon TVLs follow a strikingly similar pattern since Oct 2022.” kenti...

Jaynti Kanani said he had stepped back “from the day-to-day grind” at Polygon roughly six months ago. Jaynti Kanani, the co- founder of Polygon, announced that he has stepped back “from the day-to-day grind” on the project for the first time in six years. In an Oct. 4 X (formerly Twitter) thread, Kanani said he planned to focus “on new adventures” while contributing to Polygon “from the sidelines”. He, along with software engineers including Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic helped found the Matic network in 2017, which was later rebranded to Polygon. “Man this makes me emotional,” said Nailwal in response to the announcement. “What a ride we've had together brother. But its just the start for Polygon, i wish we could've done more for longer together in this crazy journey that is Polygon. But hey, you got to do what you got to do.” After kickstarting Polygon in 2017, around 6 months back, I decided to step back from the day-to-day grind. I'm more confiden...

The banking crisis in the U.S. has led to aggressive buying in Bitcoin and select altcoins, which are nearing stiff overhead resistance levels. Three banks, Silvergate, Silicon Valley Bank and Signature collapsed within a span of a few days. That increased demand for United States government bonds, which sent the yield on the 2-year Treasury tumbling to 4.06%, a fall of 100 basis points since March 8. This was the largest 3-day decline since Oct. 22, 1987, following the stock market crash, when the yield fell 117 points. Although the Federal Reserve announced the formation of a $25 billion Bank Term Funding Program to support businesses and households, the regional banks are taking it on their chin on March 13. This shows that equities traders remain nervous. Daily cryptocurrency market performance. Source: Coin360 However, among all the mayhem, it is an encouraging sign to see Bitcoin (BTC) lead the cryptocurrency recovery from the front. Bitcoin climbed back above $24,000 on March ...

Polygon (MATIC) has proven to be a highlight performer over the past week, and as it flips Dogecoin, it could be aiming to surpass Cardano next. Bitcoins’ rise to surpass $25,000 has impacted the industry as a whole, but no one has seen the gains that MATIC has seen through its 21% rise in seven days. The heights that MATIC has hit in the last week already have it passing the world’s most popular meme coin by market cap. Now, the token is aiming to surpass Cardano (ADA) as it continues its climb. Conversely, only time will tell whether or not the current climb is sustainable. Source – Forbes MATIC Flips DOGE with ADA on the Horizon When the SEC set out on its crusade against the digital asset industry, many thought the worst of the market’s response. Contrarily, there have been positives in terms of the movement of most digital assets, including Bitcoin, which broke through the $25,000 price point. One of the biggest performers alongside the world...

Former Polygon VP of growth Arjun Kalsy believes that Polygon's integration of zero-knowledge roll-up technology would boost the network's adoption. Ethereum scaling solution, Polygon, has witnessed a lot of adoption through partnerships with major brands like Starbucks and Addidas, which has increased the network's popularity among cryptocurrency users. The former vice president of growth, Arjun Kalsy, breaks down how Polygon has attracted partnerships with major brands and how the project is driving mass crypto adoption.  Arjun Kalsy, before leaving Polygon late last year, led a team tasked with onboarding companies to promote the adoption of the Polygon network. According to Kalsy, talking to brands looking to pivot from Web2 to Web3 or adding elements of the decentralized world to their platforms was always enjoyable. The onboarding process involved several technical meetings where the Polygon network and its capabilities were scrutinized by these major brands, who ...

Participants can explore the RV Odyssey — one of the most advanced ocean research vessels around the globe — via the Metaverse. Source: https://thebittimes.com/polygon-partners-with-ocean-conservation-ngo-to-advance-ocean-literacy-tbt25717.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam Category: Chain news Post by: TheBitTimes.com