MATIC
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#Write2earn #Polygon and #Robinhood Forge Cross-Chain Partnership: A Game Changer in Crypto Trading #MATIC #NFT
Polygon has joined forces with Robinhood to introduce cross-chain swaps, driving NFT transactions and broadening the stablecoin user base.
In a significant move aligning with its Q2 2024 strategy, Polygon ( $MATIC ) has forged a new partnership with Robinhood Wallet. This collaboration enables cross-chain swaps utilizing Polygon's proof-of-stake network (PoS), as announced on April 27, 2024. Leveraging technology from 0x Project and LI.FI, this integration facilitates seamless token swaps across diverse blockchain networks.
With this enhancement, Robinhood's 23 million users gain access to expanded trading capabilities.
This collaboration not only benefits Robinhood users but also underscores Polygon's growing prominence in blockchain technology. Despite MATIC's lackluster performance early in Q2, these technological advancements have bolstered the platform's standing.
Robinhood has proactively enhanced its service offerings, previously integrating all spot Bitcoin ETFs and expanding cryptocurrency trading to the EU in December 2023.
The addition of cross-chain swap functionality is poised to enhance user engagement on both platforms, offering diversified services through Robinhood while solidifying Polygon's position as a blockchain solutions leader.
Polygon's Dominance in NFT Transactions
In recent weeks, Polygon has emerged as the leading Ethereum Virtual Machine blockchain for NFT transactions, showcasing its increasing dominance in the sector.
This achievement aligns with heightened activity and interest in NFTs within the crypto community. Polygon's efficient network appeals to creators and collectors alike, facilitating seamless transactions.
Polygon has joined forces with Robinhood to introduce cross-chain swaps, driving NFT transactions and broadening the stablecoin user base.
In a significant move aligning with its Q2 2024 strategy, Polygon ( $MATIC ) has forged a new partnership with Robinhood Wallet. This collaboration enables cross-chain swaps utilizing Polygon's proof-of-stake network (PoS), as announced on April 27, 2024. Leveraging technology from 0x Project and LI.FI, this integration facilitates seamless token swaps across diverse blockchain networks.
With this enhancement, Robinhood's 23 million users gain access to expanded trading capabilities.
This collaboration not only benefits Robinhood users but also underscores Polygon's growing prominence in blockchain technology. Despite MATIC's lackluster performance early in Q2, these technological advancements have bolstered the platform's standing.
Robinhood has proactively enhanced its service offerings, previously integrating all spot Bitcoin ETFs and expanding cryptocurrency trading to the EU in December 2023.
The addition of cross-chain swap functionality is poised to enhance user engagement on both platforms, offering diversified services through Robinhood while solidifying Polygon's position as a blockchain solutions leader.
Polygon's Dominance in NFT Transactions
In recent weeks, Polygon has emerged as the leading Ethereum Virtual Machine blockchain for NFT transactions, showcasing its increasing dominance in the sector.
This achievement aligns with heightened activity and interest in NFTs within the crypto community. Polygon's efficient network appeals to creators and collectors alike, facilitating seamless transactions.
📉🔍 MATIC/USDT Update: Polygon is lingering in a weak position around the re-test zone, but the anticipated sharp rejection hasn't materialized yet. 🤔⏳ We're closely monitoring for potential downward movements towards lower zones, with eyes set on reaching the target zone! 🎯💼
If the rejection doesn't occur, we might see a re-test of EMAs instead. 🔄📊 Stay vigilant and ready to act accordingly as MATIC's journey unfolds! 🚀 #MATIC #Polygon #CryptoAnalysis
If the rejection doesn't occur, we might see a re-test of EMAs instead. 🔄📊 Stay vigilant and ready to act accordingly as MATIC's journey unfolds! 🚀 #MATIC #Polygon #CryptoAnalysis
🟡 Is the Polygon Ecosystem Distinctly Bullish or Bearish?
Monthly active users (MAU) on Polygon have surged to their highest point — 8.8 million.Investment giant Franklin Templeton initiates the transfers of its tokenized shares BENJI on the Polygon blockchain.
The Polygon ecosystem has achieved an all-time high (ATH) of 8.8 million in monthly active users (MAU) amid two significant announcements related to Franklin Templeton’s tokenized shares and Stripe’s stablecoin-led crypto payments.
Over the past 3 months, active addresses across a few sub-sectors within the Polygon ecosystem displayed bullish rallies. Firstly, the active addresses across the gaming protocols surged by 3,663%. Secondly, the centralized finance (CeFi) protocols recorded a 1,473% surge. The other kinds of protocols’ records were as follows: stablecoin by 36.49%, decentralized finance (DeFi) by 21.52% and SocialFi by 37.97%.
♦️ MATIC’s Market Dynamics Looks Bearish
When we look at the 30-day timeframe, Polygon’s native token MATIC appears bearish. The altcoin’s price declined by over 32% — from $1.06 to $0.71. As per the chart given below, the 50-day exponential moving average (50EMA) hovers above the price action, indicating a downtrend.
Meanwhile, MATIC’s relative strength index (RSI) is closer to the oversold territory. On the other hand, the weekly timeframe projects an uptick of 4.5% in the token’s price. According to CoinMarketCap data, at the time of analysis, Polygon (MATIC) trades at $0.7128 with a market cap of $7.05 billion and a daily trading volume of $270 million.
$MATIC #MATIC #Polygon
Monthly active users (MAU) on Polygon have surged to their highest point — 8.8 million.Investment giant Franklin Templeton initiates the transfers of its tokenized shares BENJI on the Polygon blockchain.
The Polygon ecosystem has achieved an all-time high (ATH) of 8.8 million in monthly active users (MAU) amid two significant announcements related to Franklin Templeton’s tokenized shares and Stripe’s stablecoin-led crypto payments.
Over the past 3 months, active addresses across a few sub-sectors within the Polygon ecosystem displayed bullish rallies. Firstly, the active addresses across the gaming protocols surged by 3,663%. Secondly, the centralized finance (CeFi) protocols recorded a 1,473% surge. The other kinds of protocols’ records were as follows: stablecoin by 36.49%, decentralized finance (DeFi) by 21.52% and SocialFi by 37.97%.
♦️ MATIC’s Market Dynamics Looks Bearish
When we look at the 30-day timeframe, Polygon’s native token MATIC appears bearish. The altcoin’s price declined by over 32% — from $1.06 to $0.71. As per the chart given below, the 50-day exponential moving average (50EMA) hovers above the price action, indicating a downtrend.
Meanwhile, MATIC’s relative strength index (RSI) is closer to the oversold territory. On the other hand, the weekly timeframe projects an uptick of 4.5% in the token’s price. According to CoinMarketCap data, at the time of analysis, Polygon (MATIC) trades at $0.7128 with a market cap of $7.05 billion and a daily trading volume of $270 million.
$MATIC #MATIC #Polygon
🔥🔥5 Undervalued Altcoins To Buy When Diversifying $1000 Crypto Portfolio🔥🔥
🔥🚀The current surge in the cryptocurrency market has put a spotlight on five altcoins to buy: Hedera (HBAR), Polygon (MATIC), Sei (SEI), Fantom (FTM), and Beam (BEAM). Each of these digital currencies offers innovative solutions and is gaining traction in the industry, making them compelling choices for investors looking to allocate a $1,000 investment.
#SEI #FTM #MATIC
🔥🚀The current surge in the cryptocurrency market has put a spotlight on five altcoins to buy: Hedera (HBAR), Polygon (MATIC), Sei (SEI), Fantom (FTM), and Beam (BEAM). Each of these digital currencies offers innovative solutions and is gaining traction in the industry, making them compelling choices for investors looking to allocate a $1,000 investment.
#SEI #FTM #MATIC
BEAM5 Undervalued Altcoins To Buy When Diversifying $1000 Crypto Portfolio
1. Hedera (HBAR)
Hedera (HBAR), the primary currency of the environmentally friendly Hedera network, plays several crucial roles. It facilitates transaction fees and secures the network via a proof-of-stake mechanism. The total supply of HBAR is limited to 50 billion coins, and it is traded on multiple platforms.
The value of HBAR soared after recent mentions of BlackRock, climbing over 25% in just 24 hours.
2. Polygon (MATIC)
Polygon (MATIC) operates as a pivotal interoperability and scalability solution that amplifies the functionality of Ethereum. It complements Ethereum’s base layer by integrating a series of sidechains, thereby boosting the network’s scalability and reducing transaction costs for its users.
Over the past week, the MATIC price has climbed by 8%, currently priced at $0.7148.
3. Fantom (FTM)
Fantom (FTM) is an open-source and decentralized platform that supports DApps and digital assets. It aims to address the shortcomings of earlier blockchain systems by focusing on a harmonious balance between scalability, security, and decentralization.Recently, Fantom has shown a bullish pattern in its market performance, gaining more than 11% in the past week.
4. Sei (SEI)
Sei (SEI), a leading blockchain specifically designed for trading applications, has experienced a meteoric rise, soaring by over 7304%. Despite its impressive surge, the current market conditions show a 10% decline in Sei price, now at $0.5917. This downtrend has placed Sei in the 59th position on CoinMarketCap with a market capitalization of $1.6 billion, suggesting it might be an undervalued asset in diversifying a $1000 portfolio
5. Beam (BEAM)
Beam (BEAM) is another notable blockchain that focuses on enhancing gaming experiences. It supports gamers and developers with tools for richer gameplay and is backed by the Merit Circle DAO.
#HBAR #MATIC #FTM #SEI #BEAM
1. Hedera (HBAR)
Hedera (HBAR), the primary currency of the environmentally friendly Hedera network, plays several crucial roles. It facilitates transaction fees and secures the network via a proof-of-stake mechanism. The total supply of HBAR is limited to 50 billion coins, and it is traded on multiple platforms.
The value of HBAR soared after recent mentions of BlackRock, climbing over 25% in just 24 hours.
2. Polygon (MATIC)
Polygon (MATIC) operates as a pivotal interoperability and scalability solution that amplifies the functionality of Ethereum. It complements Ethereum’s base layer by integrating a series of sidechains, thereby boosting the network’s scalability and reducing transaction costs for its users.
Over the past week, the MATIC price has climbed by 8%, currently priced at $0.7148.
3. Fantom (FTM)
Fantom (FTM) is an open-source and decentralized platform that supports DApps and digital assets. It aims to address the shortcomings of earlier blockchain systems by focusing on a harmonious balance between scalability, security, and decentralization.Recently, Fantom has shown a bullish pattern in its market performance, gaining more than 11% in the past week.
4. Sei (SEI)
Sei (SEI), a leading blockchain specifically designed for trading applications, has experienced a meteoric rise, soaring by over 7304%. Despite its impressive surge, the current market conditions show a 10% decline in Sei price, now at $0.5917. This downtrend has placed Sei in the 59th position on CoinMarketCap with a market capitalization of $1.6 billion, suggesting it might be an undervalued asset in diversifying a $1000 portfolio
5. Beam (BEAM)
Beam (BEAM) is another notable blockchain that focuses on enhancing gaming experiences. It supports gamers and developers with tools for richer gameplay and is backed by the Merit Circle DAO.
#HBAR #MATIC #FTM #SEI #BEAM
Polygon Achieves Milestone: 1 Million Users as MATIC Whales Face Decision
Polygon’s Proof of Stake (PoS) network has seen over 1 million daily active addresses for a consecutive 30 days. Despite challenges in its DeFi sector, Polygon’s NFT sector experiences growth, marked by rising trading volumes and heightened interest in significant collections.
As the cryptocurrency market strives to recover after the halving event, Polygon (MATIC) emerges with an interesting development. While facing challenges in its decentralized financial (DeFi) operations, the blockchain technology experiences notable activity in the non-fungible token (NFT) market.
Polygon’s Resilience and NFT Surge
Despite the ever-changing landscape of the cryptocurrency ecosystem, Polygon (MATIC) has maintained its momentum. Over the past 30 days, its Proof of Stake (PoS) network has consistently recorded more than 1 million daily active addresses, showcasing its strong user base and operational stability.
The NFT sector on Polygon has witnessed a significant surge in interest recently. Data from Artemis reveals a substantial increase in NFT trade volume on the platform over the past few days.
Particular attention has been drawn to prominent NFT collections such as CryptoKhat and CyberKongz. The community’s interest in these collections has led to heightened trading activity, further fueling the momentum of the NFT sector on Polygon.
Challenges Facing Polygon’s DeFi Sector
Despite its overall resilience, Polygon faces challenges in its decentralized finance (DeFi) sector. Over just one week, the Total Value Locked (TVL) in Polygon’s DeFi sector has dropped from $1.1 billion to $890 million, signaling a significant decline.
Decrease in DEX Volume: Additionally, there has been a noticeable decrease in the volume of decentralized exchanges (DEX) operating on the Polygon network. This decline suggests that users are opting for alternative platforms for their DeFi activities, posing a concern for Polygon’s long-term viability in this market.
Implications for Polygon’s Position: The preference for other platforms over Polygon for DeFi-related activities raises concerns about its competitive standing in the DeFi market. If this trend persists, Polygon’s position in the highly competitive DeFi landscape could be severely compromised.
MATIC Accumulation Continues Amid Operational Challenges
Despite operational difficulties, the number of addresses holding MATIC is on the rise, suggesting ongoing accumulation of the token by investors.
As of the time of writing, MATIC is trading at approximately $0.7361, reflecting a modest 0.93% increase over the last 24 hours according to CoinMarketCap. However, there has been a significant 27.3% decrease in price over the previous month, mirroring broader market trends.
Despite fluctuations in price and market conditions, MATIC’s future prospects are bolstered by positive developments.
In a notable development, SukuPay has leveraged USDC Circle on Polygon to streamline its international transactions. This application demonstrates Polygon’s flexibility and practical utility in real-world scenarios, underscoring its potential for broader adoption and use cases.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Polygon #MATIC
As the cryptocurrency market strives to recover after the halving event, Polygon (MATIC) emerges with an interesting development. While facing challenges in its decentralized financial (DeFi) operations, the blockchain technology experiences notable activity in the non-fungible token (NFT) market.
Polygon’s Resilience and NFT Surge
Despite the ever-changing landscape of the cryptocurrency ecosystem, Polygon (MATIC) has maintained its momentum. Over the past 30 days, its Proof of Stake (PoS) network has consistently recorded more than 1 million daily active addresses, showcasing its strong user base and operational stability.
The NFT sector on Polygon has witnessed a significant surge in interest recently. Data from Artemis reveals a substantial increase in NFT trade volume on the platform over the past few days.
Particular attention has been drawn to prominent NFT collections such as CryptoKhat and CyberKongz. The community’s interest in these collections has led to heightened trading activity, further fueling the momentum of the NFT sector on Polygon.
Challenges Facing Polygon’s DeFi Sector
Despite its overall resilience, Polygon faces challenges in its decentralized finance (DeFi) sector. Over just one week, the Total Value Locked (TVL) in Polygon’s DeFi sector has dropped from $1.1 billion to $890 million, signaling a significant decline.
Decrease in DEX Volume: Additionally, there has been a noticeable decrease in the volume of decentralized exchanges (DEX) operating on the Polygon network. This decline suggests that users are opting for alternative platforms for their DeFi activities, posing a concern for Polygon’s long-term viability in this market.
Implications for Polygon’s Position: The preference for other platforms over Polygon for DeFi-related activities raises concerns about its competitive standing in the DeFi market. If this trend persists, Polygon’s position in the highly competitive DeFi landscape could be severely compromised.
MATIC Accumulation Continues Amid Operational Challenges
Despite operational difficulties, the number of addresses holding MATIC is on the rise, suggesting ongoing accumulation of the token by investors.
As of the time of writing, MATIC is trading at approximately $0.7361, reflecting a modest 0.93% increase over the last 24 hours according to CoinMarketCap. However, there has been a significant 27.3% decrease in price over the previous month, mirroring broader market trends.
Despite fluctuations in price and market conditions, MATIC’s future prospects are bolstered by positive developments.
In a notable development, SukuPay has leveraged USDC Circle on Polygon to streamline its international transactions. This application demonstrates Polygon’s flexibility and practical utility in real-world scenarios, underscoring its potential for broader adoption and use cases.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Polygon #MATIC
$MATIC - Perfect!
#JBVIP : +11% ✅
Congrats if you followed! 🔥
#bitcoinhalving #MATIC #BullorBear #gains
#JBVIP : +11% ✅
Congrats if you followed! 🔥
#bitcoinhalving #MATIC #BullorBear #gains
LIVE
Crypto_Jobs
--
Bullish
🔶18-04 price analysis: $MATIC
🐳Weekly uptrend acting as support📈
🐳Oversell zone & reversal sign LTF📈
🐳Double bottom H4 📈
It looks good for a swing long reversal (15 - 20%)📈
The price won't stay below $0.6800 for long, we'll have to see a retest of the $0.80 zone.
In case of breakout below 0.600$; the lower key support zone is around 0.50$ ❗️
No reason to panic aabove 0.60 $ [I can't show all charts]
Project: @Polygon
#JBVIP #bitcoinhalving #BullorBear #MATIC✅ #BTC
🐳Weekly uptrend acting as support📈
🐳Oversell zone & reversal sign LTF📈
🐳Double bottom H4 📈
It looks good for a swing long reversal (15 - 20%)📈
The price won't stay below $0.6800 for long, we'll have to see a retest of the $0.80 zone.
In case of breakout below 0.600$; the lower key support zone is around 0.50$ ❗️
No reason to panic aabove 0.60 $ [I can't show all charts]
Project: @Polygon
#JBVIP #bitcoinhalving #BullorBear #MATIC✅ #BTC
#ADA #MATIC #SOL
Absolutely, your experience highlights the importance of doing your own research and trusting your instincts in the crypto space. While many may dismiss certain investments as too speculative or risky, history has shown that opportunities often arise where others don't see them. It's essential to understand that in the world of crypto, everything is speculative, including Bitcoin, but with careful consideration and strategic moves, you can hedge against risks and potentially capitalize on significant gains. So, instead of following the crowd, focus on projects with solid fundamentals and promising technologies, like Spectra, especially considering its positioning with Bitcoin's upcoming halving. It's all about making informed decisions and staying ahead of the curve.
Absolutely, your experience highlights the importance of doing your own research and trusting your instincts in the crypto space. While many may dismiss certain investments as too speculative or risky, history has shown that opportunities often arise where others don't see them. It's essential to understand that in the world of crypto, everything is speculative, including Bitcoin, but with careful consideration and strategic moves, you can hedge against risks and potentially capitalize on significant gains. So, instead of following the crowd, focus on projects with solid fundamentals and promising technologies, like Spectra, especially considering its positioning with Bitcoin's upcoming halving. It's all about making informed decisions and staying ahead of the curve.
🔥 Important News for MATIC Coin Holders! 🔥
According to Foresight News, the Polygon Staking address recently received a transfer of 40 million MATIC tokens. This transaction, valued at approximately $27,237,208, signals a significant investment in the Polygon network, reinforcing its position in the crypto market.
MATIC tokens play a crucial role in Polygon's operations, facilitating payment services and transaction fees. Such a substantial transfer could impact the network's performance and value.
Stay tuned for more updates and real news. Thank you, followers! 🚀 #MATIC #Polygon #Cryptocurrency #bitcoinhalving #Memecoins
According to Foresight News, the Polygon Staking address recently received a transfer of 40 million MATIC tokens. This transaction, valued at approximately $27,237,208, signals a significant investment in the Polygon network, reinforcing its position in the crypto market.
MATIC tokens play a crucial role in Polygon's operations, facilitating payment services and transaction fees. Such a substantial transfer could impact the network's performance and value.
Stay tuned for more updates and real news. Thank you, followers! 🚀 #MATIC #Polygon #Cryptocurrency #bitcoinhalving #Memecoins
📌#MATIC Guys, another selection of coins from the wish list! In the screenshot I have highlighted the global levels of support and resistance in the current cycle. I also highlighted the mirror levels with green lines, which serve as a guide for the further movement of the asset. Targets for fixing 1, 2 and 3. I advise you to divide the takes in this way: 1 target (25%), 2 target (45%) of the volume and 3rd target 30%, this way you can earn up to 200-300%. Or in the long term 500% with one take.🕯💵🚀🚀🚀#bitcoinhalving #BinanceLaunchpool #Memecoins #Win2earn $BTC $MATIC $SOL
