The crypto market is becoming competitive with every blockchain upgrade launch and high-stake agreements. On the contrary, Polygon (MATIC)’s Layer 2 technology is under pressure with Arbitrum’s recent DAO decision to allocate $215 million to its gaming ecosystem.

Arbitrum (ARB) Update: Million Dollar Approval Creates Hype

The Arbitrum Foundation, a decentralized autonomous organization (DAO), has unanimously passed a proposal to allocate 225 ARB tokens, equivalent to $215 million, to support the development and growth of projects within its gaming ecosystem. This initiative, known as the Gaming Catalyst Program (GCP), will help the gaming community with huge financial support.

Over the next three years, the GCP will receive $215 million to promote the adoption and awareness of Arbitrum, Orbit, and Stylus among developers and gamers. The foundation shared in a blog post that the program is designed to improve the ecosystem by encouraging builders and players to integrate and utilize these platforms.

DTX Exchange (DTX) Breaks The Barriers: Presale Bags $700,000

DTX Exchange (DTX), a cutting-edge layer-1 blockchain-based hybrid DeFi trading platform, has quickly captured the market’s attention with impressive fundraising achievements. Having secured over $2 million in its private seed round and raising over $100,000 in just two days during the public presale, DTX is gaining strong momentum.

To date, the hybrid platform has bagged over $699,000 in its presale, with tokens currently available at an attractive price of $0.04 each. This early investment opportunity is set to become even more lucrative as the token price will increase to $0.06 in the next funding round. Crypto investors and whales are approaching DTX Exchange as the next best crypto in 2024.

Polygon Labs Rebrand As Privado ID: What’s Happening?

Polygon Labs announced the spin-off of its blockchain-based digital identity solution, Polygon ID, into a new entity called Privado ID. This move is in response to the growing demand for digital identity solutions that integrate on-chain and online data. Privado ID, built on the Iden3 Protocol and Polygon ID, is a protocol-agnostic framework to expand beyond Polygon networks. 

Privado ID empowers users to manage their data directly, enabling them to receive benefits or information from applications. The executive team at Privado ID comprises David Schwartz as CEO and Antoni Martin as COO, with Jordi Baylina and Sandeep Nailwal serving as technical and growth advisors, respectively.

DTX Exchange Attracts Investors With Lucrative Trading Features

DTX Exchange is poised to revolutionize the DeFi trading space with a solid and secure blockchain and growing investor interest. Investors are encouraged to take advantage of the current token price to maximize potential returns. Its strong financial backing is making DTX Exchange become a leading platform in the DeFi ecosystem.

As Aribitrum (ARB) and Polygon (MATIC) recover from the market fluctuations and anticipate future developmental upgrades, DTX Exchange (DTX) stands out as a lucrative opportunity for savvy investors to gain up to 25x profits as well as reduced trading fees, premium features, governance votes, proposals, potential airdrops, and more.

Learn more: 

Visit DTX Presale

Read Whitepaper

Join The DTX Community

Polygon (MATIC) has long been a central hub for developers and investors seeking to overcome the limitations of Ethereum. Offering a more scalable and flexible environment, Polygon has attracted significant attention within the crypto community.  Meanwhile, this new altcoin has shown extraordinary growth potential, suggesting it might surpass Polygon in the upcoming bull market. This article delves into the current state of Polygon and explores why this altcoin can surpass Polygon (MATIC) in the 2024 bull market.

Ecosystem and Challenges: Is Polygon (MATIC) Still Relevant?

Despite its strong ecosystem and impressive features, Polygon faces considerable challenges, including fierce competition from other Layer 2 solutions and the inherent volatility of the cryptocurrency market. As of now, Polygon’s price stands at $0.69130477, reflecting a 1.92% decline over the past 24 hours, and a substantial 28.62% decrease year-to-date. This downtrend has raised questions about its ongoing relevance. Polygon was designed to address Ethereum’s scalability issues by providing a framework for building and connecting Ethereum-compatible blockchain networks. It offers a robust suite of tools and features, including scalability through its architecture that allows for the creation of multiple side chains, significantly increasing transaction speeds and reducing costs.  As of the latest data, Polygon’s market capitalization is $6.42 billion, a significant decrease from its previous highs. This volatility has raised concerns about its long-term stability and relevance in the ever-evolving crypto space.This recent market trend and challenge faced by Polygon (MATIC) has shown that it has lost its relevance in the crypto space.

Retik Finance (RETIK): The Promising Altcoin

Retik Finance (RETIK) has recently emerged as a strong contender in the altcoin market. Following its launch and subsequent listing on multiple exchanges, RETIK’s price surged by an astonishing 2000%, from an initial listing price of $0.15 to a peak of $3.08. This remarkable growth was also reflected in its market capitalization, which soared to nearly $3 billion at its highest point. Such impressive performance has captured the attention of investors and analysts alike. Retik Finance (RETIK) distinguishes itself with several innovative features. The staking feature allows RETIK holders to stake their tokens directly on the Retik Finance website, offering a straightforward way to earn rewards. Additionally, the Retik Swap feature allows for seamless token trading with remarkably low fees, enhancing the overall user experience and attracting more users to the platform. These utility features not only add value to the Retik Finance ecosystem but also demonstrate the team’s commitment to continuous development and improvement.

Comparing Polygon (MATIC) and Retik Finance (RETIK)

While both Polygon (MATIC) and Retik Finance (RETIK) offer valuable ecosystems, they cater to slightly different segments of the market. Polygon primarily focuses on providing scalability and interoperability solutions for Ethereum-based dApps, making it an essential player in the DeFi and NFT spaces. In contrast, Retik Finance (RETIK) emphasizes user-friendly features like staking and low-fee token swaps, appealing to a broader audience, including new and seasoned crypto enthusiasts. Polygon’s (MATIC) recent market performance has been lackluster, with a significant decline in price and market capitalization. In contrast, Retik Finance (RETIK) has demonstrated exceptional growth, indicating strong investor confidence and potential for future gains. If Retik Finance (MATIC) continues to innovate and expand its features, it could very well surpass Polygon in the next bull market. Market experts predict that RETIK is poised for significant growth in the 2024 bull market. The recent price surge, coupled with the platform’s innovative features, suggests that RETIK has the potential to outperform many established cryptocurrencies, including Polygon. Analysts highlight that after undergoing a price correction, RETIK is well-positioned to capitalize on the next market uptrend, potentially reaching new heights.

Conclusion

Polygon (MATIC) remains a significant player in the crypto space, thanks to its robust ecosystem and commitment to solving Ethereum’s scalability issues. However, the challenges of fierce competition and market volatility have cast doubt on its long-term relevance. On the other hand, Retik Finance (RETIK) has burst onto the scene with impressive growth and innovative features, positioning itself as a strong contender in the upcoming 2024 bull market.  While it is too early to definitively declare one cryptocurrency as superior to the other, RETIK’s recent performance and market potential suggest that it could indeed surpass Polygon in the near future. Investors should keep a close eye on both projects, as the dynamic nature of the crypto market means that opportunities and risks are constantly evolving.

Visit the links below for more information about Retik Finance (RETIK):

Website: https://retik.com

Whitepaper: https://retik.com/retik-whitepaper.pdf

Twitter: www.twitter.com/retikfinance

Telegram: www.t.me/retikfinance

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this article.

Polygon (MATIC) has reached an epic milestone in its journey toward community ownership with the kickoff of the Polygon Governance Hub, which will serve as a full-stack governance solution and user interface for the community.

The Polygon Governance Hub, created in collaboration with Aragon, allows users and builders to influence the core development of Polygon technology and infuse it with community values.

Over the last year, the Polygon community has contributed to the development of a framework for Polygon's decentralized, community-led governance, with an emphasis on three primary pillars, or governance aspects: Protocol Governance, System Smart Contract (SSC) Governance and Community Treasury Governance.

introducing the Polygon Governance Hub — a unified & transparent interface for community governance, developed with @AragonProject.built hand-in-hand with the community, the hub marks the next chapter of Polygon governance and community ownership.more on what this means 🧵 pic.twitter.com/CrAg6QwKwG

— Polygon | Aggregated (@0xPolygon) June 14, 2024

The initial version of the Hub will focus on two of Polygon Governance's three pillars: protocol governance and system smart contracts (SSC) governance.

card

Various components of the Polygon Governance Hub are suggested to be implemented in stages over the following few months. At each stage of development, the community can provide iterative feedback and infuse new ideas into the Polygon Governance Hub. The Hub will be built in stages by Aragon.

In its final form, the Polygon Gov Hub is intended to be a transparent interface for all decision-making across Polygon system smart contracts, with activities spanning from knowledge collecting to voting.

In other positive news for the Polygon (MATIC) ecosystem, 1,000,000,000 POL have been unlocked in grant funding over the next 10 years. A total of 35 million MATIC has been allocated toward funding projects across the Polygon and Ethereum landscape in the first season of the Community Grants Program.

In the market correction after the bull run in the crypto market, Shiba Inu (SHIB) and Polygon (MATIC) are some of the most hurt. While the Shiba Inu (SHIB) is down 53% from its all-time high, the Polygon (MATIC) is down nearly the same 51%. Both the SHIB and MATIC have lost over a billion from this downtrend. While these coins are facing a continuous bearish trend, which we will discuss in this article, the new Defi entrant DTX Exchange has risen over 200%.

Shiba Inu (SHIB) Recent Price Action

One of the popular memecoins, Shiba Inu (SHIBA), has been showing a continuous downtrend after the 400% rally. This correction after the rally has been going on for three months now, and it is $0.000022, down nearly 53% from its all-time high. It is trading below its short-term 50-day moving average, which is a sign of bearishness. However, it is still above the 200-day moving average, which is a good sign for the long term until it breaks below it.

The RSI (Relative strength index) is currently standing at 40 which is a little sold region but we can see some more downside if price breaks below the current levels. The MACD is just below the middle line sloping downwards showing slight bearishness. From here a bounce is probable however, the overall market’s direction can better tell the future.

Polygon (MATIC) Launches Community Grants Program

Polygon (MATIC) has introduced a $720 million Community Treasury to fund blockchain projects for the next decade. This initiative aims to assist developers working within both the Polygon and Ethereum ecosystems. To kick things off, Polygon will distribute 35 million of its tokens, valued at about $25 million, through the first season of its Community Grants Program (CGP).

Polygon (MATIC) is launching the CGP as a key component of its expansive vision for Polygon 2.0. This upgrade marks a new phase for the Polygon Layer 2 network, focusing on offering boundless scalability and smooth data sharing through its Value Layer.

Polygon introduced its new native token, POL, on the Ethereum network on October 25, 2023. For those holding MATIC tokens, there’s an option to exchange them for POL tokens on a one-to-one basis.

DTX Exchange Set to Change Platform Landscape

With the correction in Shiba Inu (SHIB) and Polygon (MATIC), investors from the community are shifting to DTX. DTX Exchange , a L1 blockchain platform is quickly gaining popularity for its unique features. Unlike other exchanges, DTX offers perks like 1000X leverage, distributed liquidity pools, non-custodial wallets, and no KYC requirements.

The 1000X leverage allows investors to open large positions with relatively small capital, potentially leading to significant profits. The platform’s distributed liquidity pools improve the trading experience by increasing liquidity and minimizing price slippage.

DTX Exchange prioritizes security with its non-custodial wallet system, giving users complete control over their private keys and assets. This reduces the risk of losing funds if there’s a security breach. With a token sale currently pricing DTX tokens at $0.04, set to rise to $0.12 at the time of launch, that’s already a 3X before the launch, and after the launch, possibilities are endless.

Learn more:

Visit DTX Presale

Read Whitepaper

Join The DTX Community

Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post Shiba Inu (SHIB) and Polygon (MATIC) Lose Billions But DTX Exchange (DTX) Surges Over 200% appeared first on CaptainAltcoin.

The post How $200 Investments in These Cryptos Today Can Make Thousands by the End of 2024 appeared first on Coinpedia Fintech News

The ongoing market rally in 2024 offers exciting opportunities for investors. With the chance to transform a modest $200 into a sizeable return, strategic investments in select cryptocurrencies could be highly rewarding. This article explores promising cryptocurrencies poised for growth and details how smart investments today could lead to significant earnings by the end of the year. Readers can discover which cryptos have the potential to deliver impressive gains.

CYBRO Presale: A Golden DeFi Investment Chance

CYBRO is drawing significant interest from major crypto investors with its exclusive token presale. As a pioneering DeFi platform, CYBRO provides investors with unmatched opportunities to boost their earnings, irrespective of market conditions.

Analysts are forecasting a potential ROI of 1200%, with CYBRO tokens priced at just $0.025 each during the presale. This distinctive and technologically advanced project has already caught the eye of leading crypto whales and influencers, showcasing strong confidence and enthusiasm.

CYBRO token holders will reap numerous benefits, including high staking rewards, exclusive airdrops, cashback on purchases, reduced fees for trading and lending, and a comprehensive insurance program within the platform.

With only 21% of the total tokens available in this presale and around 25 million already sold, this is a prime opportunity for savvy investors to secure their stake in a truly unique project.

NEAR Protocol Faces Mixed Market Sentiment Despite Long-Term Gains

NEAR Protocol is currently navigating mixed market sentiment. Short-term indicators suggest caution, with recent price drops and fluctuating averages. However, the substantial long-term increase highlights underlying strength. This could attract cautious optimism from investors aware of NEAR’s innovative blockchain solutions, its focus on developer-friendly features, and its progress in creating a scalable, efficient platform.

Polygon (MATIC) Shows Bearish Signals Amid Current Market Conditions

Polygon’s market sentiment appears negative with declining short-term and mid-term price changes, alongside key indicators pointing downwards. The price struggles to stay within a narrow range with minimal support and resistance levels nearby. This bearish trend might hinder investor confidence and affect Polygon’s utility in decentralized applications and layer-2 solutions. The ongoing price drop could impact MATIC’s adoption and integration in various blockchain projects.

Polkadot Faces Uncertain Market Sentiment Amidst Mixed Indicators

Polkadot is displaying mixed signals with its prices fluctuating within a limited range. While it has faced recent setbacks, key indicators like moving averages and RSI suggest neither strong upward nor downward momentum. The market sentiment remains cautious. This could result in Polkadot experiencing periods of volatility, influencing its acceptance and use in decentralized applications and staking, as investors navigate the uncertain path.

Jito (JTO) Market Sentiment Shows Mixed Signals Amid Recent Decline

The market sentiment surrounding Jito seems mixed. Despite its recent decline, it shows potential for recovery. Current prices are between its nearest support and resistance levels. Short-term averages are lower than long-term ones, pointing to bearish trends. Stochastic is high, suggesting the coin might be overbought. RSI indicates neutral momentum. These conditions suggest Jito may experience volatility shortly, with the potential for both upward and downward movements. Traders should stay alert to changes.

Conclusion

NEAR, MATIC, DOT, and JTO have shown promise but may yield less in the short term. However, CYBRO, set to release in Q2 2024, stands out. It uses the Blast blockchain to maximize yield. Early investors can benefit by participating in the CYBRO token presale. This strategic entry could offer significant returns by the end of 2024.

Site: https://cybro.ioTwitter: https://twitter.com/Cybro_ioDiscord: https://discord.gg/xFMGDQPhrBTelegram: https://t.me/cybro_io

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 past seven days. This downward trend has prompted the token to test a crucial macro support level, raising questions about its future trajectory.

Amid these developments, Polygon has announced a strategic partnership with Aragon, a developer of decentralized autonomous organizations, to introduce a “governance hub” for the Polygon community. 

Simplified Governance Hub For Polygon? 

According to a recent blog post by the Layer 2 solution protocol, the governance hub is “designed to empower” users and builders, allowing them to influence the core development of Polygon’s technology. The hub will reportedly be developed in phases in collaboration with Aragon to ensure that community feedback is incorporated to create a decentralized platform that aligns with community values.

Related Reading

The governance hub will feature a unified interface for “two essential pillars” of Polygon’s governance: protocol and system smart contract governance. 

New governance hub proposal framework. Source: Polygon

The hub seeks to increase transparency and encourage greater community participation in protocol governance. As for system smart contract governance, it introduces an upgraded framework that prioritizes structured decision-making processes while maintaining transparency and safety.

In addition, Aragon will leverage its expertise to build the Polygon Governance Hub using Aragon OSx. This tool enables the construction of customized on-chain governance solutions that can be adapted over time through a modular plugin-based architecture. Polygon stated in its announcement: 

Polygon, and all related network architecture, needs flexible, transparent, and future-proof governance mechanisms and tooling. The Polygon Governance Hub is central to achieving this. 

MATIC Market Capitalization Drops Dramatically

Despite the developers’ focus on community governance within the Polygon ecosystem, key metrics indicate a consistent decline in the MATIC token’s price over the past year.

For instance, the token’s market capitalization has experienced a significant drop, plummeting nearly 50% in just three months. In March, it was valued at $9.9 billion, whereas it is currently valued at $5.6 billion. This decline suggests a potential capital shift towards other large-cap tokens or profit-taking activities.

Furthermore, MATIC’s trading volume has also seen a notable decrease of approximately 18% in the past 24 hours, according to CoinGecko data. The trading volume now stands at a mere $293 million. Moreover, MATIC has witnessed a substantial 80% decline from its all-time high of $2.92 in December 2021.

Related Reading

Presently, the token faces a critical test at an 8-month support level, as depicted in the MATIC/USD daily chart below, with its current trading price at $0.5982. Should the price continue to decline without a significant catalyst to drive an upward trend and price recovery, attention should be paid to the next support level at $0.5700.

The daily chart shows MATIC’s price drop toward its 8-month support. Source: MATICUSD on TradingView.com

The future trajectory of the MATIC price remains uncertain, and it remains to be seen whether further downside movement is in store or if a bounce at the current support level will materialize, offering potential opportunities for bullish investors.

Featured image from DALL-E, chart from TradingView.com

Source: NewsBTC.com

The post MATIC Price Tests 8-Month Support As Polygon Unveils New Governance Hub appeared first on Crypto Breaking News.

In the latest developments, renowned crypto influencers such as Oscar Ramos have championed BlockDAG for its cutting-edge technology and impressive potential for returns. Following a series of spectacular events across global hotspots and a memorable moon-themed keynote, BlockDAG has achieved a staggering 1120% return on investment for its early backers. With sales surging at $0.0122 in presale batch 18, the anticipated price for a single BDAG coin is set to hit $1 by 2024. In other news, Polygon (MATIC) has just sealed a deal to acquire Toposware, while Litecoin (LTC) investors are treading cautiously as LTC faces challenges in breaking through resistance levels.

Polygon Expands Its Horizon

The latest news around Polygon (MATIC) is its strategic $30 million purchase of research company Toposware. With previous investments in ZK technology startups reaching over $1 billion, Polygon aims to enhance the scalability, privacy, and efficiency of transactions on its platform. This move has sparked a bullish sentiment in the market, with analysts predicting a price increase from $0.7809 to potentially $0.9803 soon. However, some analysts caution a possible retreat to $0.5089 by year's end.

Litecoin Faces Resistance

Doubts are rapidly spreading among Litecoin enthusiasts as LTC finds it challenging to break past the $90 resistance mark. Despite a bullish run that saw a 6% increase and a rise above the $80 mark, Litecoin’s progress stalled suddenly, stabilizing around $84.

Latest figures from CoinMarketCap show a substantial 10% rise in LTC’s trading volume just yesterday. Yet, this hopeful trend doesn’t guarantee steadiness, with Litecoin’s future growth dependent on surpassing the stubborn $90 barrier. This resistance has started to hinder Litecoin’s ascent, causing some investors to pull back their support.

BlockDAG's $50.6M Presale Triumphs

Since its launch, BlockDAG has been a darling of analysts, investors, and influencers. After Oscar Ramos re-endorsed BlockDAG, highlighting its remarkable presale success and upcoming projects, the cryptocurrency saw an astronomical 1120% price rise from the initial presale price to $0.0122. Ramos’ latest video review discusses BlockDAG’s advancements like the X1 Beta App, which allows mobile crypto mining, and updates to the blockchain’s core algorithm, enhancing its integration with Ethereum’s EVM and MetaMask.

Furthermore, BlockDAG’s visibility has skyrocketed thanks to high-impact showcases across major global hotspots. These include an event at Shibuya Crossing in Tokyo, unveiling BlockDAG’s ambitious $600 million roadmap, and celebrations in Las Vegas and London marking major milestones like the DAGPaperV2 launch and a CoinMarketCap listing. The Moon Keynote, the latest spectacle, has left the crypto community abuzz about BlockDAG's innovation and ROI potential.

These events have significantly boosted BlockDAG, culminating in a remarkable $50.6 million accumulated during the presale, along with an extra $3 million garnered overnight. With over 11.5 billion coins sold, the presale has become a hotly contested battleground for institutional investors. This strong momentum sets the foundation for BDAG's price to potentially hit $0.05 at launch, climb to $1 by 2024, and soar to $10 by 2025.

Final Thoughts

BlockDAG has swiftly risen as the darling of leading crypto influencers and dazzled the world with spectacular global showcases, delivering a remarkable 1120% ROI through its presale phases. This rapid presale success has shifted investor focus from recent developments in Litecoin and Polygon (MATIC). With sales quickly escalating at $0.0122 in batch 18, the forecast for BDAG's coin price is ambitious, aiming to hit $1 by 2024 and $10 by 2025. This trajectory positions BlockDAG as a premier investment prospect in the burgeoning crypto realm.

Invest in the BlockDAG Presale Now:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

 

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

The new Polygon Governance Hub, created with Aragon, enhances community involvement and decentralized protocol governance.

Polygon’s Community Grants Program distributes 1 billion POL tokens to support blockchain projects and innovations.

The General Grant Track focuses on Polygon-based projects, while the Consumer Crypto Track drives cryptocurrency adoption.

Aragon Project, a development team that specializes in Decentralized Autonomous Organizations, has issued a governance hub for the Polygon community. The hub enhances the capacity of the users and developers to shape the primary Polygon technology, in a bid to sustain a decentralized and community-governed platform.

Polygon Governance Hub, created with Aragon, will serve as a comprehensive governance solution and user interface for the community. The initial iteration of the Hub will concentrate on two of Polygon’s three governance pillars: Protocol Governance and System Smart Contract (SSC) Governance. This hub allows community members to submit Polygon Improvement Proposals (PIP) for changes to the smart contract protocol and system.

introducing the Polygon Governance Hub — a unified & transparent interface for community governance, developed with @AragonProject.built hand-in-hand with the community, the hub marks the next chapter of Polygon governance and community ownership.more on what this means pic.twitter.com/CrAg6QwKwG

— Polygon | Aggregated (@0xPolygon) June 14, 2024

Furthermore, the hub will enable token stakeholders to vote on Protocol Board decisions or delegate their votes to community members who reflect their interests. This method will ensure community alignment while also providing crucial supervision and balances on Polygon Protocol Board decision-making.

The Polygon Governance Hub will be a centralized governance interface that promotes openness and community participation. For Protocol Governance, this hub will collect all submitted PIPs and track their progress. For SSC Governance, the hub will allow stakeholders to vote and implement a delegation scheme, giving the community control over the development of critical protocols.

Each PIP proposal will go through multiple processes, beginning with submission, then voting by the Protocol Council, releasing a transparency report, and finally voting by community participants to approve or reject it. This procedure is intended to enable efficient and safe governance while preserving high protocol security.

In addition to enhancing governance through the New Hub by Aragon Project, Polygon has launched a Community Grants Program aimed at supporting blockchain research by distributing 1 billion POL tokens over the next ten years. The program began with an initial distribution of 35 million MATIC tokens for the first season, totaling about $23 million.

An impartial Community Treasury Board will administer the newly constituted Community Treasury. The program provides two grant tracks: the General Grant Track and the Consumer Crypto Track. The General Grant Track welcomes any project that builds on Polygon, with an emphasis on developer tools, protocol infrastructure, and dApps.

The Consumer Crypto Track focuses on initiatives that drive cryptocurrency adoption through consumer applications such as gaming, gamified trading, NFT innovation, and content production. Furthermore, the initiative intends to support both new and existing projects to migrate to Polygon, with a focus on long-term growth and community governance.

Applications are accepted between June 11 and August 31, 2024, with an average review time of four weeks for award disbursements. Grants will range from 5,000 to more than 50,000 MATIC, and the Community Treasury Board will oversee the selection process.

The initiative began with 35 million tokens, out of a total of 1 billion POL tokens that would be issued over the next decade. POL tokens will be used to encourage user participation in the interpretation and contextualization of on-chain data. It attempts to improve on-chain literacy and facilitate access to complex blockchain data.

Polygon is pioneering decentralized governance with Aragon, empowering community-led innovation. Their 1 billion POL token Community Grants Program supports blockchain R&D, attracting projects to enhance its ecosystem. With a focus on growth, user involvement, and robust governance, Polygon aims to lead decentralized tech adoption and innovation.

Read Also

Polygon Founder Explains How POL Will Bring More Than MATIC Could

After XRP Win, How Much Will MATIC Surge Before Revamping to POL?

Polygon’s Long-Awaited POL Token Contracts Go Live on Ethereum

Polygon Unveils Details About POL and Polygon 2.0 Upgrade

Polygon’s POL Upgrade Boosts MATIC Price: What’s Next?

The post Polygon Revolutionizes Decentralized Governance with Aragon Project Hub and 1 Billion POL Token Community Grants appeared first on Crypto News Land.

TLDR

Polygon and Bonk trade downward, losing critical support.

Rebel Satoshi Arcade soars in presale amid rising interest and demand.

Its anticipated adoption as a blend of memes, GameFi and NFTs has been fueling interest.

The broader market sentiment might not be gloomy but it isn’t euphoric either. Notable developments, like the approval of ETH ETFs, should have been catalysts for explosive growth. However, concern looms as the market takes a downturn, leading to Polygon (MATIC) and Bonk (BONK) losing key support.

Meanwhile, a piece of good news is the Rebel Satoshi Arcade (RECQ) presale. Despite the wider crypto market’s turbulence, it has shown remarkable resilience and support. The second stage of the presale is almost sold out, hinting at investors’ confidence and optimism.

However, we advise not throwing caution to the wind while investing in new ICOs. This includes Rebel Satoshi Arcade, a new GameFi memecoin.

Rebel Satoshi Arcade (RECQ): A New and Promising ICO

Rebel Satoshi Arcade (RECQ), an up-and-coming altcoin, has been charting a different course from established cryptos like Bonk and Polygon. In contrast, its price action is bullish, selling out fast in presale amid soaring interest and demand.

Its potential room for growth as a new altcoin and a low-cap gem has been driving interest. At the same time, its convergence between memes, GameFi and NFTs has been fueling demand, hinting at significant growth post-launch.

Aiming to stand out, the ecosystem will include a merchandise store, an NFT marketplace and thrilling arcade games. This gives much valuable utility to the token, propelling actual demand. Further, its rebel-filled community is expected to be crucial to its growth.

In the second stage of the ICO, which is almost sold out, a token costs only $0.0044. However, while this provides a good entry point, significant growth after its market debut isn’t guaranteed. So, do your research before investing.

Polygon (MATIC): Losing Key Support

Polygon (MATIC) is a popular name in the Layer 2 ecosystem. It functions as a sidechain, providing scaling solutions for developers as well as projects. Given Ethereum’s high gas fees and low throughput, it is quickly becoming a favorite destination.

Its ascent to becoming one of the top crypto coins is no doubt courtesy of the above. Growing institutional appetite is also worth mentioning, along with rising retail appeal, of course. However, while it had an impressive first quarter—soaring past $1.00—its performance in the second quarter has been a far cry.

It lost the $1.00 support level, with the latest market dip pushing it further into bearish zones. With attention shifting to Solana following the announcement of PayPal USD’s expansion to the chain, MATIC’s underwhelming performance might persist.

Nevertheless, an overall market bounce will usher in a fresh bullish wave—one Polygon is expected to ride. It will likely retest $0.80 in the coming days, placing it on the list of altcoins to watch. But this isn’t financial advice—DYOR.

Bonk (BONK): Anticipated Comeback

Bonk (BONK) is one of the most popular animal memecoins. It was inspired by man’s best friend—a dog. Further adding to its appeal is its pioneering status as the first fun-inspired token on the Solana blockchain.

It heads the Solana memecoins movement as the first dog-themed cryptocurrency. While there are newer meme narratives like celebrity memecoins and president memecoins, it remains in the spotlight.

However, it hit a brick wall as the wider crypto market nosedived. Key price levels were lost, as was investor confidence, which plummeted. While a comeback is close, the timing remains uncertain.

Conclusion

While Polygon and Bonk trade downward, Rebel Satoshi Arcade charts a bullish course in presale. Its anticipated adoption, thanks to its blend with memes, GameFi and NFTs—the biggest crypto trends—has been fueling interest.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram.

Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post Polygon and Bonk Lose Key Support While Rebel Satoshi Arcade Shows Bullish Signs in Presale appeared first on CaptainAltcoin.

Bitcoin’s forecast remains upbeat due to favorable economic factors, pointing to a potential uptick in its value. Similarly, developments in the Polygon ecosystem indicate a strong upward trajectory.

The spotlight is on BlockDAG (BDAG) as it garners widespread support during its ongoing presale. Notably, the esteemed Crypto Profit has spotlighted BlockDAG’s significant growth. As a rapidly advancing cryptocurrency, BlockDAG’s presale has reached a remarkable 50.4 million, demonstrating its growing appeal in the market.

Bitcoin’s Positive Outlook and Economic Conditions  

Bitcoin has recently escalated to $71K, distinct from its earlier rise in March, which was marked by speculation. This current increase is supported by stable economic indicators. Notably, anticipated G-7 interest rate reductions and falling oil prices bolster the scenario for Bitcoin.

Financial institutions predict the Federal Reserve will reduce interest rates, diverging from the inflation concerns earlier in the year. With oil prices lowering, inflationary pressures are reduced, making Bitcoin an attractive investment. This scenario supports a sustained bullish stance on Bitcoin, suggesting its recent rise above $70,000 might hold steady.

Polygon’s Advances and the MATIC Token’s Momentum  

Since unveiling its multi-chain initiative in June 2023, Polygon has made notable progress, especially with its Polygon Chain Development Kit (CDK). This tool enables projects to create Ethereum Layer 2 networks, boosting the entire Polygon ecosystem’s functionality and scalability.

A partnership with Cros is set to transform gaming by connecting developers, advertisers, and a large player base, utilizing $CROS for in-game promotions via Ethereum’s Layer 2 solutions.

Currently, Polygon’s MATIC is valued at $0.723 with a market cap of $7.15 billion. After a period of adjustment, MATIC is approaching a critical resistance point. Technical indicators are positive, suggesting a bullish trend could emerge if it surpasses this threshold.

BlockDAG’s Presale Excels, Reaching 50.4M with Industry Acclaim  

BlockDAG’s ongoing presale has attracted considerable attention. It successfully raised 50.4 million by selling 11.4 billion coins. Crypto Profit has recognized this significant achievement and its increasing popularity, attributing it to strategic initiatives and an appealing $2 million giveaway, which has drawn numerous investors. Crypto Profit also commended BlockDAG’s revamped website, which enhances the investing experience by being more navigable and investor-friendly. 

Additionally, the recent launch of their second keynote video provides invaluable insights into low-code and no-code development and the implementation of DAG technology, serving as a crucial resource for developers aiming to streamline their projects.

Furthermore, BlockDAG offers one of the top passive income opportunities with its X series miners, particularly the X100 miner. With a 2 TH/s hash rate and 1800W power consumption, this mining behemoth can generate up to 2,000 BDAG daily, amounting to about $100. 

The X100 miner integrates advanced ASIC technology to maximize computational power while maintaining energy efficiency, suitable for diverse mining environments with manageable noise levels. Its scalable design makes it perfect for both dedicated cryptocurrency enthusiasts and large-scale operations.

Takeaway

The economic landscape presents a favorable backdrop for Bitcoin, while advancements in the Polygon network suggest promising prospects for its token, MATIC. Yet, the standout is BlockDAG. With its value climbing to $0.0122 and its presale surpassing 50.4 million, BlockDAG emerges as a preeminent figure in presale cryptocurrencies. Its rapid progression, endorsements by key crypto figures, and the potent X100 miner underscore BlockDAG’s status as a leading cryptocurrency.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

As the bull run of 2024 gains momentum, investors are eagerly looking for the next big opportunities. Not all cryptos promise substantial returns, but some altcoins show potential for remarkable growth. Understanding which ones to consider now could make a significant difference in future gains.

This article explores the altcoins worth keeping an eye on for those keen on seizing the moment before prices soar.

CYBRO Presale: A One-in-a-Million NeoBank Investment Opportunity

CYBRO is capturing the attention of crypto whales with its exclusive token presale. This cutting-edge NeoBank offers investors unparalleled opportunities to maximize their earnings in any market condition.

Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.025 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest.

Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.

With only 21% of the total tokens available for this presale and approximately 25 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that’s truly one in a million.

>>> Enhance Your Crypto Portfolio with CYBRO! Join NOW and aim for future returns up to 1200%! <<<

Polygon (MATIC) Trading in Bearish Terrain Yet to Find a Strong Foothold

The current sentiment for Polygon (MATIC) appears bleak. It is struggling to break past resistance levels and finding it hard to hold above key supports. The coin’s recent transformation from strictly payment to offering scalable solutions for decentralized applications sets a glimmer of hope. However, recent gains are unlikely until market optimism returns.

Arbitrum (ARB) Faces Market Uncertainty Amid Volatile Price Movements

Recent data shows Arbitrum prices are fluctuating with unclear direction. With lower momentum and weakening support, the market sentiment leans negative. The coin has faced significant declines over different periods, suggesting investor caution. As a Layer 2 solution, Arbitrum’s utility may still drive interest. However, near-term challenges need addressing to regain confidence.

Starknet Faces Bearish Sentiment Amid Recent Downtrend

Starknet has been on a downward slope lately. The coin is currently hovering near its lower price range with technical indicators showing weakness. The road ahead looks tough with resistance levels standing in its way, while support levels suggest possible declines. The short-term averages are also below longer-term averages, hinting at ongoing struggles. This bearish sentiment may challenge Starknet’s ability to maintain its previous upward momentum, making it a critical period for the coin.

Wormhole (W) Appears Bearish but Long-Term Growth is Promising

Wormhole’s current price trend signals a bearish sentiment with recent declines and technical indicators pointing to weakness. However, its dramatic long-term increase suggests underlying potential. Short-term hurdles may persist, but the significant six-month growth indicates resilience and possible recovery. If the coin’s utility or adoption grows, it could regain strength despite the current downturn.

Conclusion

MATIC, ARB, STRK, and W have less potential in the short term. The highlight is CYBRO, a unique earn marketplace on the Blast blockchain. Its first release is set for Q2 2024. The CYBRO token presale offers early investors an opportunity to enter on favorable terms.

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Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post Future Millionaires: Altcoins to Invest in Before the Real Bull Run Begins appeared first on CaptainAltcoin.

Polygon hinted at a possible merger with AggLayer that would involve its Proof-of-Stake (PoS). 

The merger will see the involvement of decentralized prover protocol Succinct Labs which will serve as a support for the use of the SP1 zkVM.

Polygon hinted at a possible merger with AggLayer that would involve its Proof-of-Stake (PoS). This will mark phase 1 of its zkPoS evolution. 

If the proposal is accepted by the community, the expectation is that the pool of unified liquidity for chains connected to the AggLayer would grow by $2 billion.

Polygon Foundation Lauds PoS Capabilities

There are two main consensus mechanisms in the blockchain ecosystem; the Proof-of-Stake and the Proof-of-Work. 

Many cryptocurrencies including the firstborn digital currency Bitcoin (BTC) utilize the PoW. It wasn’t until 2022 that Ethereum (ETH) went through a transition to the PoS consensus algorithm through The Merge.

Polygon Foundation believes strongly that PoS is one of the most used blockchains in the world. The algorithm boasts more than 400 million unique addresses and thousands of applications. 

Today, the Polygon community began discussing a proposal that would see Polygon PoS connected to the AggLayer.

This is zkPoS Phase 1 and, if accepted, the pool of unified liquidity for chains connected to the AggLayer would grow by $2B

— Polygon Foundation (@0xPolygonFdn) June 12, 2024

Polygon PoS prides itself in handling more transactions than the entire Ethereum Layer 2 protocols put together. 

With these ‘success stories’, Polygon highlighted that the potential effects of the merger can not be overstated for AggLayer.

The merger will see the involvement of decentralized prover protocol Succinct Labs which will serve as a support for the use of the SP1 zkVM. 

This particular zkVM will permit AggLayer to prove the execution of Rust code with the performance benefits of the Polygon Plonky3 proving system.

Polygon PoS connection to the AggLayer will be established via the Plonky3-secured pessimistic proof, a novel zero-knowledge Proof written in Rust. 

Noteworthy, the pessimistic proof is flexible enough to accommodate both zk and non-zk chains. Additionally, the pessimistic proof is preferred because of how it treats all chains suspiciously.

Polygon PoS to Utilize AggLayer Pessimistic Proof

Ordinarily, the AggLayer unifies liquidity across all connected chains via a single bridge. As the only bridge contract for chains connected to the AggLayer, the unified bridge allows users to send and receive native, but never-wrapped tokens. 

However, the presence of a single bridge becomes a challenge for all the tokens on the bridge as it entices malicious actors.

The pessimistic proof steps in to tackle this setback by providing two guarantees. First, each chain has updated its state truthfully and secondly, no chain is withdrawing more tokens than have been deposited to it. 

Not meeting these conditions means that the proof cannot be verified and the chain cannot settle to Ethereum.

Meanwhile, at a high level, proof of consensus would validate PoS and it will reach its new state faithfully. 

Also, this proof of consensus would allow Polygon PoS to prove finality to the AggLayer. The pessimistic proof would ensure any withdrawals from PoS do not exceed the deposits made into it.

Noteworthy, no validator, alterations to consensus mechanisms, or network client is required to utilize this upgrade. 

In the long run and with the community’s approval, this upgrade would marry the Polygon chain with the final form of Ethereum scaling.

Since June 2023, the company has been a Polygon validator on Web3.

To launch corporate AI, Fetch.ai teamed up with Deutsche Telekom in February.

After becoming a validator on Fetch.ai’s decentralized blockchain, Deutsche Telekom set its sights on expanding Web3. In continuation with its current crypto-based initiatives, Deutsche Telekom has declared its intention to begin Bitcoin mining. Since 2023, the telecom company has operated Bitcoin nodes, and they are now running Bitcoin Lightning Network nodes as well.

Deutsche Telekom’s Dirk Röder, who is in charge of Web3 infrastructure and solutions, spoke about the company’s intentions when speaking at BTC Prague.

Röder stated:

“Since 2023, we are running a Bitcoin node, and we are running Bitcoin Lightning nodes as well […] I like to let you in on a little secret we will engage in digital monetary photosynthesis soon.”

Banking on Vast Infrastructure

Since June 2023, the company has been a Polygon validator on Web3, putting it in a prime position to use its vast infrastructure to its advantage and make new sources of income. For more than a year, Deutsche Telekom has supported Polygon’s proof-of-stake consensus process as one of 100 validators, providing staking and validation services.

To launch corporate AI, Fetch.ai, a decentralized AI platform, teamed up with Deutsche Telekom in February. The telecom company validates transactions on the Fetch.ai blockchain, which helps to back Fetch.ai’s autonomous agents powered by artificial intelligence. Through resource management, transaction processing, and traffic flow analysis, these autonomous agents offer services in digital identities, healthcare, and the automobile industry.

On June 10, miners sold more Bitcoin than they had sold since late March 2024, as the price of cryptocurrencies fell and liquidations ramped up. A key factor influencing market trends is the attitude of Bitcoin miners towards retaining or selling reserves.

Highlighted Crypto News Today:

Curve Finance’s Founder Claims $10M Debt Repayment Amid Liquidation Crisis

Binance’s native coin, BNB, is utilized for incentives and fees on the Binance platform.

There is a current supply of more than 153 million BNB tokens.

Around 94 million Binance Coin (BNB) tokens, or 64% of the total supply, are reportedly owned by Changpeng Zhao (CZ), the former CEO of Binance, according to a Forbes article.

A forensic investigation by Gray Wolf Analytics and the news platform showed that the Binance founding team received 80 million BNB tokens, with the remaining 46 million tokens being controlled by the firm.

Massive Holdings

Moreover, Binance and CZ own 71% of the 147 million BNB that are in circulation, according to the research. Also, with an estimated net worth of $61 billion. Zhao has risen to the position of 24th wealthiest person in the world. Thanks to his 90% ownership interest in Binance and the value of his cryptocurrency holdings.

Binance’s native coin, BNB, is utilized for incentives and fees on the Binance platform. There is a current supply of more than 153 million BNB tokens, out of a possible 200 million, of the utility token.

Furthermore, the current market worth of BNB is around $91 billion, with a token price of $593. Binance and Zhao were indicted in 2023 by the U.S. Department of Justice (DOJ) for alleged violations of money laundering and sanctions laws. Also, the CEO at the time, Zhao, agreed to plead guilty to charges brought by American authorities.

Moreover, CZ was replaced as CEO of Binance by Richard Teng. This was after he pled guilty to a violation of the Bank Secrecy Act and agreed to resign from his position. Binance was fined an enormous $4.3 billion, and the previous CEO was fined $50 million as part of the settlement. U.S. federal judge Richard Jones handed down a lenient sentence of four months on April 30 and CZ is currently serving jail time in prison.

Highlighted Crypto News Today:

Polygon Launches Governance Hub to Boost Decentralization Objective