Tag Archives: Polygon

Polygon Ecosystem On Fire: Daily Active Addresses And Transactions Soar, MATIC Gains 5%

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Layer 2 scaling solution Polygon has maintained strong network activity even as the broader cryptocurrency market and its native token, MATIC, experienced a downturn in the second quarter of 2024, according to a new report from market intelligence platform Messari. Polygon Weathers Crypto Market Downturn While MATIC saw a 44.3% drop in its circulating market… Continue reading Polygon Ecosystem On Fire: Daily Active Addresses And Transactions Soar, MATIC Gains 5%→

Polygon Network Active Addresses Just Hit A New Yearly High, But Why Is MATIC Price Down?

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Polygon (MATIC) appears to be underperforming compared to the broader market, where most of the attention is directed toward other major cryptocurrencies with larger market caps. Despite this subdued price movement, the Polygon network recently experienced a significant surge in activity, reaching its highest levels in over a year. This notable increase in activity is… Continue reading Polygon Network Active Addresses Just Hit A New Yearly High, But Why Is MATIC Price Down?→

Polygon Announces Date For MATIC To POL Token Upgrade, Price Drops 7%

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On Thursday, the Polygon Foundation announced the date for its upcoming MATIC to POL upgrade after reaching a community consensus. The long-awaited token migration will occur in less than two months and aims to kickstart Polygon’s native token expansion. MATIC saw a 7% drop following the news. Save The Date: Polygon Token Upgrade Coming Soon… Continue reading Polygon Announces Date For MATIC To POL Token Upgrade, Price Drops 7%→

Polygon Records Over 1 Million Active Addresses – Impact On MATIC Price

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The Layer-2 scaling solution for Ethereum, Polygon (MATIC), is currently going through a strange circumstance. The quantity of network activity has increased significantly, but the cryptocurrency’s price is still unpredictable. It’s stuck in a rut, held back by both a possible technical breakthrough and a chronically pessimistic outlook. Polygon: Can Active Addresses Raise The Bar?… Continue reading Polygon Records Over 1 Million Active Addresses – Impact On MATIC Price→

Polygon (MATIC) Turns Bullish After Losing Streak – Is A 1,000% Rally Possible From Here?

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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. Interestingly, crypto analyst World of Charts has predicted that Polygon could enjoy a 1,000% rally when this move happens.  Polygon To Rise To… Continue reading Polygon (MATIC) Turns Bullish After Losing Streak – Is A 1,000% Rally Possible From Here?→

MATIC Price Prediction: Can Polygon Recover From The Recent Crash?

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MATIC price is down over 15% and tested the $0.5150 support. Polygon is slowly recovering, but the bears might be active near $0.5650 and $0.5720. MATIC price started a fresh decline from the $0.6285 resistance zone against the US dollar. The price is trading below $0.570 and the 100-hour simple moving average. There is a… Continue reading MATIC Price Prediction: Can Polygon Recover From The Recent Crash?→

MATIC Price Tests 8-Month Support As Polygon Unveils New Governance Hub

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Polygon’s native token, MATIC, has experienced a notable disparity compared to the broader cryptocurrency market. Unlike the top cryptocurrencies that have posted double-digit gains year-to-date, MATIC has failed to post positive performance across all time frames since the 2021 bull run. Adding to the concern, MATIC’s price has recorded losses amounting to 16.5% over the… Continue reading MATIC Price Tests 8-Month Support As Polygon Unveils New Governance Hub→

MATIC Under The Lens: Why Is Polygon Busy But Not Making Money?

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Polygon (MATIC), a Layer-2 scaling solution for the Ethereum blockchain, finds itself in a curious position. Recent data from Messari paints a picture of a network brimming with activity – daily active addresses surging nearly 120%, new user sign-ups exploding by 70%, and daily transactions reaching a staggering 4 million. Yet, beneath this bustling surface… Continue reading MATIC Under The Lens: Why Is Polygon Busy But Not Making Money?→

Crypto Analyst Reveals Trigger For 17% Polygon (MATIC) Rally

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An analyst has explained how Polygon could see a rally of around 17% if the cryptocurrency’s price breaks above this level. Parallel Channel May Reveal What Could Be Next For Polygon In a parallel channel” here refers to a technical analysis (TA) pattern that’s drawn using two parallel trendlines. This pattern’s upper line joins successive… Continue reading Crypto Analyst Reveals Trigger For 17% Polygon (MATIC) Rally→

MATIC Bullish Signals Abound: Technical Indicators Hint At Sustained Uptrend

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MATIC is the native utility token of the Polygon blockchain and it is currently ranked 18th by market cap, with a total supply of 10 billion MATIC and a total trading volume of over $204 million in the last 24 hours. It has been moving upward since its last rejection at a $0.6342 support level.  … Continue reading MATIC Bullish Signals Abound: Technical Indicators Hint At Sustained Uptrend→