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Tag: Polygon

  • Best P2E games on Polygon (MATIC)

    Polygon (MATIC) is an innovative arrangement that means to carry versatility to the blockchain. The stage utilizes the Ethereum (ETH) blockchain to work and interfaces Ethereum-based projects, consequently, it’s occasionally alluded to as Ethereum’s web of blockchains.

    Pegaxy

    Based on the Polygon blockchain, Pegaxy is a P2E player-versus-player horse racing game where gamers contend with eleven different racers for the main three situations to acquire VIS tokens – the stage’s utility token. Each race in the game has randomized essential factors like fire, speed, water, and wind, and the sky is the limit from there. Inside the game, players can raise, race, lease, and sell their Pega (the ponies) to acquire VIS. Players can join any race for nothing, which makes the game more cutthroat with worthwhile prizes. Pegaxy requires information, expertise, and a system.

    Crazy Defense Heroes

    The game is the premise of an impending pinnacle guard play-to-earn game that uses non-fungible tokens (NFTs) and the TOWER ERC-20 token. The game is a pinnacle safeguard game that brings key components from the versatile games Crazy Kings and Crazy Defense Heroes to Polygon. The vital money for the game is TOWER, which is utilized to purchase things like game card NFTs or to pay for competition or game section charges. Right now, all the TOWER chests for the game have been sold out. In any case, they’ll declare when new TOWER chests become accessible.

    Sunflower Land

    Sunflower Land is a play-to-own game accessible on the Polygon organization. The game is generally new, as it was sent off on April 7, 2022. Notwithstanding, regardless of being new, information on DappRadar shows the game has included north of 113,000 clients inside the most recent seven days.

    As a metaverse game, blockchain gamers can establish crops, cleave wood, create/mint things, mine stones, and gather fascinating assets as they construct their realm, all while acquiring Sunflower Land Token (SFL). Furthermore, all that you plant, hack, collect, mine, or specialty is a token on Polygon. Besides, players can consume assets like wood, stone, gold, and iron to make new things.

    Sunflower Land is fixed on the interest and supply model. Gamers can move their assets and collectibles between various trades and companions.

    Arc8 by GAMEE

    With more than 6,000,000 games played on the GMEE stage, Arc8 by GMEE is a play-to-earn versatile game accessible in the Gamee environment that utilizes the GMEE token.

    In the game, players contend to get to the top by pulverizing their adversaries utilizing G Robots and procuring the GMEE tokens. This game is intended to bring the blockchain experience to a great many gamers. Additionally, it’s where e-sports meets crypto gaming with players having the choice of building teams.

  • Polygon (MATIC) gains Traction due to Kenvin

    Polygon (MATIC) gains Traction due to Kenvin

    Ethereum has some problems. But Ethereum provides a smart-contract feature that makes it easier for making novel currencies and widens the ecosystem of the Mainchain. Polygon (MATIC) is a currency undertaken to give a solution to these issues.

    Polygon (MATIC) is aiming at constructing such a protocol and a framework that will connect different Ethereum-compatible blockchain networks. In order to do this, Polygon targets six areas.

    First are snail-speed transactions. The problem with transactions is that they are not fast. They may either work on Proof-of-Work (POW) or Proof-of-Stake (POS). Both have their own problems. Polygon (MATIC) resolves the issue by employing a consensus protocol of Block Producers that are picked by selected Stalkers. Every stalker point is a verification area. On the mainchain is subsequently uploaded the fragment of the proof. As a result, there is a significant degree of decentralization.

    Secondly is the low transaction lag. The first layer of the Producer constructs the transaction collection faster. The decentralization is caused by the selected points.

    The third is the problem of scalability. By adding chains side-to-side, total transactions undertaken in a second can be increased. Million in a second, as claimed by Polygon (MATIC).

    Fourth is the size of the chain because a large number of blocks have to be verified. But if only particular blocks are stored from one point in the initial layer to the point in the final layer. Through this, the proof itself is preserved on the Ethereum chain with the low occupation of space.

    The fifth is costly gas values. The initial layer is used here to ensure cheaper transactions.

    Finally, there’s poor usability. Different kinds of user interfaces are trying to be put within the protocol to resolve this issue.

    Polygon (MATIC) has been gaining traction in the media. Recently, a celebrity investor, Kenvin O’Leary has taken an interest in MATIC because of its intuitive approach. Furthermore, has also completed its migration to the Polygon Network for its metaverse aspirations.

    Matic Price Movement

    At the time of writing, the value of MATIC is $1.61 with a trading volume of $858,282,268. The high trading volume is an excellent indicator because the market is currently in a slump. Polygon has also been audited by CertIK which has given it a security score of 92. The prospects of the coin are positive as well.

  • Polygon (MATIC) – Where will it move Now?

    Polygon (MATIC) – Where will it move Now?

    According to coinmarketcap, the total supply of MATIC is around 10B MATIC and around 7.09B of the MATIC are in circulation at the moment. It holds the 14th rank according to market cap and has a market dominance of 0.80%.

    At the time of writing MATIC is being traded at the price of $2.60 with an increase of almost 12.57% in the last 24 hours. The maximum and minimum today are $2.61 and $2.28 respectively. The daily trading volume has increased by almost 45.52%. MATIC had created its ATH in May 2021 and reached a price of almost $2.70. The price during the crash dropped down to a price of almost $0621 in the month of July 2021. Overall the price is moving for higher highs. In November, we saw a decrease of almost 8%. This month, we have seen an increase of almost 43%.

    Technical Analysis – Polygon 

    MATIC has been one of the most bullish coins, it can be seen that the price of the coin is near its all-time high value. The coin has been printing higher lows and higher highs for a long time. We can see that the price has been grabbing liquidity below. It continued to go upwards and touched the last higher high (as can be seen on the chart).

    Now what we can expect from the chart of MATIC is that it can go upwards and touch the all-time value. From there it can have some reaction from the value. If it becomes stable we can look for a higher high.

    More importantly, a point of interest is the fact that these last two candles have created inefficiency in the price. The second thing is the creation of an order block. We can expect that it would go upwards, create a new all-time high, and come back down to fill the gap.

    MATIC - 1D

    Price Prediction – Polygon (MATIC)

    MATIC is a good investment and is going to provide great returns. Wallet investor considers MATIC to be a really good investment as well. According to them, in a year the price is expected to reach a value of $4.056. In five years the price is expected to reach a value of $11.627. Traders on the other hand are very bullish on the price and think that it wouldn’t be long before MATIC moves up to create a new ATH.

  • Where is Polygon (Matic) Moving Now?

    At the time of writing MATIC is being traded at the price of $2.03. The price of MATIC has increased by almost 11.25% in the past 24 hours. The maximum and minimum of the day are around $2.03 and $1.76. The daily trading volume has also increased by almost 52.69% in one day. MATIC is listed on coinmarketcap at 17th spot according to market capital and has a market dominance of about 0.53%.

    MATIC before the crash had achieved its all-time high around the price of $2.70 in May 2021. During the crash, Matic created a bottom and dropped down to $0.621. As compared to other coins MATIC has been one of the fast gainers but it still hasn’t touched its ATH. But the way it is moving, it wouldn’t be long before it goes into price discovery.

    MATIC has a total supply of around 10B tokens and has a circulating supply of around 7.02B coins. It can be traded at a lot of different exchanges such as crypto.com, OKEx, Huobi with different trading pairs.

    Technical Analysis – Polygon (Matic)

    Matic has been one of the most bullish charts in the market. On the daily time frame, we can see that the price was respecting a trend line which eventually resulted in a descending wedge being created. Once the price broke out of the structure, the price came down to retest the support level.

    Matic -1D

    It should be noticed that it was being supported and it had bounced from a trend line in the past. Now the price is moving with a huge momentum towards the upside. A target in mind is the grabbing of liquidity, which is present on the top side. Once it catches that, we can expect a reaction from the price.

    In case the price becomes stable we can expect it to go higher, but on the other hand, if it fails to hold the level, we can expect the price to drop down. The first level of interest is the price around $1.7 from where the price can bounce. The second level of interest is around $1.2.

    Price Prediction – Polygon

    Polygon (Matic) has been one of the highly bullish coins in the market. According to wallet investor, Matic in one year is expected to reach a value of $3.475. In five years, it is expected to touch $10.667.

  • Polygon price prediction – To cross $2 soon?

    Polygon has been trending upwards for more than a week now. The cryptocurrency had garnered a lot of attention during the 2021 bull run. MATIC has a history of being bullish despite a bearish trend in the market. The current price action shows a similar trend. Polygon has been portraying bullish momentum even when the market was bearish at large. At the time of press, Polygon stands at a price level of $1.02. The price has moved up by 2% in the past twenty-four hours while the weekly gain is at 37%. The daily trading volume has dropped by 26% of the seventeenth largest cryptocurrency.

    MATIC technical analysis

    The bulls may have taken a back seat as the market outlook for Polygon has turned neutral. Ten of the total twenty-six technical indicators are giving out an indication of buy. Nine of the rest are standing at a neutral position with five indicators at a sell position.

    Polygon price prediction
    Polygon price prediction

    Polygon has broken out of the descending channel it had been operating in because of the recent bullish momentum in the market. However, a trader’s analysis predicts the cryptocurrency will soon undergo market corrections. In the short timeframes, Polygon may be moving downwards. But the long-term price prediction for Polygon continues to be bullish. The trader expects MATIC to continuing reaching upwards after the corrections. The first price target for the cryptocurrency lies at $1.60 followed by $2.50.

    Polygon price prediction

    MATIC is believed to possess a lot of potential. The future projections for the cryptocurrency are optimistic. According to the estimates of Wallet Investor, the one-year forecast is at $3.2 while the five-year projection shows a price level of $12.9. Digital Coin Price is also bullish on the cryptocurrency, although not as much. Their estimates suggest Polygon will end the year with a price level of $1.46 and reach towards $3.56 in five years’ time.

  • Polygon (MATIC) Coin – Nearing a bullish breakout

    Polygon (MATIC) is one of the best performing cryptocurrencies in the daily timeframe. Polygon has been on a downtrend with a weekly loss of 7% but the recent price movements show a possible reversal of the downtrend. At the time of press, MATIC stands at a price level of $0.83. The price has increased by 33% in the past twenty-four hours while the daily trading volume has shot up by 105%. Polygon is the nineteenth largest cryptocurrency in the market.

    Polygon (MATIC) Technical Analysis

    The bullish outlook of MATIC coin has yet to be seen in the technology of the cryptocurrency. Out of the twenty-six technical indicators, twelve are giving out an indication of sell with ten standing at a neutral position and only four indications giving out a bullish signal. The oscillators are neutral while the moving averages are still suggesting a downtrend; however, the technical indicators may be expected to change soon given the recent bullish momentum.

    Polygon (MATIC) Technical Analysis
    Polygon (MATIC) Technical Analysis

    Polygon crypto has been identified to be operating in a triangle formation by a trader’s analysis. Per the analysis, the cryptocurrency had been moving downwards; however, the recent bullish candle is indicative of the strengthening bulls in the market. Polygon crypto is also approaching the end of the triangular formation so a break out is likely. Given the current sentiment, an upside break out from the formation appears to be likely. Although nothing is certain in the crypto market.

    Polygon (MATIC) future outlook

    Polygon has gained significant popularity in a limited time. The scaling solution for Ethereum has been active in the field. The development team recently launched a new division that will be focusing solely on NFTs and blockchain games. With the new projects, Polygon aims to become the go-to platform for gaming and NFTs in the market. The new addition to the platform can significantly boost its performance in the upcoming days.

  • Ethereum (ETH) Coin – Developments to watch out for

    Ethereum (ETH) Coin – Developments to watch out for

    Where Ethereum (ETH) – the queen of the market – touched the sky at $4,000 during the bull run of 2021 has now lost more than half of its value. The cryptocurrency is struggling to maintain its price above $2,000. At the time of writing, Ethereum stands at a price level of $1,942. The price has declined by 4% in the past twenty-four hours while the trading volume has also been dropping.

    The market outlook for the queen of cryptocurrency is bearish. Out of the total twenty-six technical indicators, fifteen indicators are standing at a position of sell with nine indicators giving out a neutral signal and two signals bullish at buy. The oscillators are neutral while the moving averages are strongly bearish.

    Major developments to watch out for

    Although Ethereum is suffering from increased bearish momentum, it still rules the market as its queen. The bearish momentum may have deterred some investors but definitely not all. The very first Ethereum Exchange-Traded Fund of South America has been approved by Brazil’s Securities and Exchange Commission. The regulator had previously given the go-ahead to Bitcoin’s ETF and now an ETF that would track the price of Ethereum has also been given the green light.

    The bearish scenario of Ethereum has only incentivized the whales to hold more of the cryptocurrency. Santiment’s data reveals that the top ten largest Ethereum wallet owners are now in hold of 20% of Ethereum’s offering. These top ten whales have bought nearly 2% of Ethereum’s supply during the market dip and the accumulation has been going on since 2017.

    Coinbase Wallet has added support for the famous scaling solution of Ethereum – Polygon. With the help of Polygon, Ethereum can be transformed into a multi-chain network or “the internet of blockchain”. Hence, increasing support for Polygon translates into good things for Ethereum.

  • Polygon (MATIC) coin price prediction – Towards ?

    Polygon (MATIC) coin price prediction – Towards $3?

    Polygon (MATIC) is on a sharp downward trend after a brief consolidation move. At the time of writing, the cryptocurrency stands at a price level of $0.87. The price has moved downwards by 10% in the past twenty-four hours alone while the trading volume has gone up by 5%. In the weekly timeframe, Polygon has declined by 24%.

    Polygon (MATIC) technical analysis

    The market outlook for cryptocurrency is bearish as the downtrend has been confirmed. Out of the total twenty-six technical indicators, fourteen are giving out a signal of sell with nine indicators standing at a neutral position and three bullish signals. The oscillators are neutral while the moving averages are strongly bearish.

    Polygon (MATIC) technical analysis
    Polygon (MATIC) technical analysis

    Polygon crypto has been operating in a triangular formation. The cryptocurrency has been moving downwards inside the formation and is approaching the end of the formation. Although MATIC crypto is under strong bearish pressures, the trader’s analysis is bullish in the future. As Polygon approached the end of the formation, a revival of bullish momentum may be seen which will ultimately lead the cryptocurrency towards an upside break out from the formation. The price target of $3 will be activated for MATIC coin is the bulls dominate the market.

    Polygon (MATIC) price prediction

    Polygon (MATIC) is a scaling solution for Ethereum which has been under the spotlight during the bull run of 2021. The cryptocurrency is believed to be full of potential as with its help Ethereum can be transformed into a multi-chain network. The long-term price projections for the cryptocurrency are bullish. According to the estimates of Wallet Investor, Polygon crypto will be operating at a price level of $4 in a year’s time while the 5-year forecast places the cryptocurrency at a price of $16. Digital Coin Price projects the cryptocurrency to cross the $4 mark too but in 2028.

  • Polygon (MATIC) coin price prediction

    Polygon (MATIC) coin price prediction

    Polygon (MATIC) has been trending downwards ever since the market crashed. MATIC coin has been struggling with bearish momentum and the bulls could not sustain the coin. At the time of writing, Polygon stands at a price level of $1.12. The price has gone up by 5% in the past twenty-four hours while the daily trading volume has declined by the same proportion. Matic coin is the sixteenth largest cryptocurrency in the market.

    Polygon (MATIC) Technical Analysis

    The market sentiment for cryptocurrency is bearish. Out of the twenty-four technical indicators, ten are standing at a sell position while ten are standing at a neutral position with six indicators giving out a buy signal. The oscillators are neutral while the moving averages are bearish.

    Polygon (MATIC) technical analysis
    Polygon (MATIC) technical analysis

    Matic coin has been brutally bearish. The cryptocurrency fell towards $1 – testing the support level. The support level of $1 appears to have held for now and some bullish momentum has been restored as the coin is moving upwards. A trader’s analysis suggests that Polygon will sustain its upward movement and move towards breaking the strong resistance level which lies at the price level of $1.89.

    Polygon (MATIC) price prediction

    Polygon raise to fame amidst the bull run of 2021 as the cryptocurrency showed a phenomenal performance. The project is considered as the debut of Indian developers into the cryptocurrency sphere despite the Indian government’s ban on cryptocurrencies. Polygon network is for the scaling of Ethereum and the network aims to increase connectivity and multi-chain blockchain infrastructure.

    Wallet Investors’ estimates suggest astounding growth of the network. The one-year projection places the cryptocurrency at a price level of $7.24 while the 5-year forecast suggests a price level of $30.59.

  • Polygon (MATIC) – Recent developments to watch out for

    Polygon (MATIC) – Recent developments to watch out for

    Polygon (MATIC) appears to be establishing an uptrend after bearish divergence. Polygon had been stealing the limelight as the cryptocurrency began showing bullish momentum as other cryptocurrencies were crashing. However, the bullish momentum could not be sustained and MATIC crypto once again. At the time of writing, the MATIC coin stands at a price level of $1.69. The price of cryptocurrency has increased by 10% in the past twenty-four hours while the daily trading volume is also growing.

    What is going at Polygon’s network?

    Polygon (MATIC) is a network for Ethereum scaling. Through Polygon’s network, the blockchain of Ethereum can be transformed into a multi-chain network like Polkadot with various capabilities all the while retaining the advantages of Ethereum.

    Polygon has had astounding growth in the past few months. The total value locked in the network grew by a staggering 1,102% in May. During the same month, address activity has increased by four times. Polygon is a strong competitor of Ethereum with many DeFi projects migrating from Ethereum to Polygon.

    Okcoin – a crypto trading platform – has integrated with Polygon Bridge. OKcoin is the first US-based exchange to do so. The bridge will now allow Okcoin to support direct withdrawals of ERC-20 tokens from Okcoin wallet to Polygon’s sidechain. The bridge will help Ethereum users save transaction fees while increasing the efficiency of deploying assets on Polygon. Okcoin currently has 12 ERC-20 tokens listed while Polygon’s MATIC will be added soon. The COO of Okcoin has also expressed their interest in helping Polygon to grow at the astonishing rate it has been growing.

    All is not well on Polygon’s network. As more and more DeFi projects launch on Polygon, the incidents of rug pulls have been increasing on Polygon. Rug pulls are malicious projects with the aim to be abandoned by the team along with users’ liquidity. Another pull rug by the name of PolyButterfly vanished along with over $1.5 million in users’ liquidity. The increase in rug pulls may bring Polygon under the spotlight but not under a positive light.