Polygon’s native cryptocurrency, MATIC, has been underperforming compared to other top cryptocurrencies, raising concerns among investors about its potential for recovery. According to altFINS’ technical analysis, MATIC’s price action presents a mixed outlook, with several key indicators suggesting a cautious approach might be warranted.

Lagging Behind Top Cryptocurrencies

One notable observation is that MATIC has underperformed in the current bull run. While most other top 20 cryptocurrencies have seen significant gains over the past year, MATIC is down 27% during the same period, positioning it as the “loser” of this bull cycle

An analysis of MATIC’s technical indicators reveals a mixed picture. Notably, the Relative Strength Index (RSI) currently stands at 51, indicating a neutral sentiment. However, the MACD (Moving Average Convergence Divergence) line is below the MACD signal line, suggesting a potential bearish trend in the short term.

Channel Down Pattern

Moreover, according to altFINS Trade setup, MATIC’s price is currently trading in a Channel Down pattern. Consequently, the price bounced off channel support at $0.60 and is now approaching a significant resistance area, where the channel resistance trendline and a horizontal resistance level at $0.75 converge.

Source: altFINS – Start using it today

For swing traders, this channel pattern presents an opportunity to initiate trades near channel support and exit near channel resistance. On the other hand, trend traders might choose to wait for a breakout from the channel before entering positions, as a breakout could potentially trigger a rapid price movement in the direction of the breakout.

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Show more +Show less – Support and Resistance Levels

The analysis highlights crucial support and resistance levels for MATIC. The nearest support zone is identified at $0.60, followed by $0.50. Conversely, the nearest resistance zone is located at $0.75, which previously acted as a support level. Beyond that, resistance levels are projected at $0.90 and a range between $1.00 and $1.05.

Given the mixed technical signals and MATIC’s underperformance compared to other top cryptocurrencies, some investors might adopt a cautious approach and wait for clearer signs of a potential recovery. A decisive breakout from the Channel Down pattern, either to the upside or downside, could provide the necessary confirmation for traders and investors to position themselves accordingly.

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The post This is Why Polygon Investors Might Wait for MATIC Price Recovery appeared first on CaptainAltcoin.

Graphlinq leverages AI to enhance the crypto landscape, offering significant investment potential.

Polygon addresses crucial L1 and L2 challenges, currently undervalued with great growth prospects.

Stacks, enhancing Bitcoin’s functionality, stands out for its upcoming Nakamoto upgrade and strong market position.

In the burgeoning world of cryptocurrency, certain altcoins stand out not just for their current value but for their explosive growth potential. Analysts from Altcoin Buzz have pinpointed three such projects—Graphlinq, Polygon, and Stacks—that are primed for significant gains, potentially up to 100x.

Graphlinq emerges at the forefront, integrating artificial intelligence with blockchain to streamline the creation of decentralized applications. With a unique no-code platform that simplifies AI app development, coupled with deflationary tokenomics, Graphlinq is poised for growth, especially as it carves out a niche in the AI-driven crypto landscape.

Polygon continues to innovate within the blockchain infrastructure by enhancing liquidity and interoperability across chains. Despite recent underperformance, largely due to broader market trends, Polygon remains a robust investment, particularly given its low price points and solid technological foundation.

Stacks enhances Bitcoin’s functionality by providing layer two solutions that promise faster transactions and greater scalability. The anticipation around its upcoming Nakamoto upgrade, which introduces parallel processing capabilities, adds to its allure as a must-watch coin in the Bitcoin ecosystem.

Looking to the future, the role of altcoins like Graphlinq, Polygon, and Stacks in the crypto industry is increasingly optimistic. As these platforms continue to develop and refine their technology, they not only promise substantial returns for early investors but also contribute to the broader adoption and functionality of cryptocurrencies. 

With their innovative approaches and strong market fundamentals, these altcoins are well-equipped to lead the next wave of crypto innovations.

Read also:

iTrustCapital Expands DeFi Stack With Fireblocks Integration

Solana Set to Conquer the Smartphone Industry with Web3 Mobile

VisionsDao Exits Stealth Mode and Presents a Modular Stack for GameFi That Enables Sustainable Economies

Cathie Wood Predicts “Explosive Growth” in Bitcoin and AI Convergence

Gelato’s Rollup Platform Expands Support to Optimism’s OP Stack, Launching Lisk Layer 2 Chain

The post Get Ready for the Altcoin Boom: Three Coins with Explosive Growth Potential – Primed for a 100x Surge appeared first on Crypto News Land.

Following the anticipated BTC halving event, a renewed bullish sentiment has spread to the crypto ecosystem, with many altcoins gearing up for a resurgence. Investors are keeping a close watch on the Aptos and Matic Price forecasts as excitement builds up in anticipation of a surge in the coming weeks.

Amidst this backdrop, DTX Exchange has been gaining ground after a record-breaking performance in the private seed round as one of the best presale coins in the market, projecting a potential 25X ROI.

Can Aptos (APT) Turn Bullish?

Aptos (APT) established itself as a key investment opportunity when it gained support above the $18 threshold in Q1, indicating its potential to retest its all-time high. However, the excitement was short-lived as APT pulled back to retreat below $10.

According to CoinMarketCap, APT is facing resistance to crossing the $10 threshold but has maintained support above the $9 mark. The recent dip of over 5% and trading volume spike of 10% in the last 24 hours have alarmed investors, with experts signaling a potential sell-off in the coming weeks.

Technical analysis points to a potential price drop in the future for Aptos unless bulls can regain enough momentum to counter selling sentiment.

MATIC Price Outlook Post BTC Halving

Polygon (MATIC) witnessed a steady downtrend, dipping by over 30% over the last 30 days leading up to the halving event. However, shortly after the halving, its price observed modest gains, increasing by over 4% in the last week.

Facing strong resistance Matic Price forecasts an incoming correction, as evidenced by its recent 3% dip in the last 24 hours. Based on CoinMarketCap, its trading volumes have surged by over 40%, indicating growing investor interest; however, the current fluctuations point to a potential sell-off in the future.

Looking ahead, the Matic Price Forecast has split the market opinion. If it can surmount enough momentum to break out of its current consolidation phase, it can test support above the $0.7 level, which could lead to the token adopting a bearish trajectory and retreating to a lower price.

In the current climate, the Matic Price Forecast remains uncertain, while an optimistic scenario points to a bullish reversal in the coming weeks.

Next Breakout Opportunity: DTX Exchange Entices Investors With 25X ROI

DTX Exchange is captivating investors with its unmatched potential, offering a 25X ROI for early adopters. It garnered support following the success of its private seed round, which amassed over $2 million in funds.

Providing access to over 120,000 digital assets and a staggering 1000X leverage feature, DTX Exchange is poised to alter the trading landscape. Users can reap the benefits of its unparalleled potential to generate high returns with minimal investment required.

With presale sales shooting past $340,000 in 1 week, its rising popularity has pushed it to the top of the charts and is considered one of the best presale tokens in 2024. As excitement builds up, investors are flocking for the chance to buy the DTX token at $0.02 in stage 1 before it jumps to $0.075 in the next round.

Standing out for its unique hybrid model, DTX Exchange has established itself as a formidable competitor in future markets. By integrating the elements of centralized and decentralized exchanges, users can trade without any KYC (know your customer) requirements.

Further fueling excitement is the improved security of DTX Exchange thanks to its noncustodial wallet. The platform strategy focuses on giving users individual ownership and responsibility of their private keys and digital assets to reduce the risk of funds being compromised by unexpected security breaches.

In addition to enhancing security, DTX Exchange utilizes a distributed liquidity pool to reduce slippage and provide an efficient trading environment, allowing users to maximize their potential gains.

Conclusion

Experts advise a cautious approach as Matic Price forecasts a balance of impulsive buying and corrective phases while Aptos faces strong selling pressures. Offering massive gains and with analysts projecting a potential 100X surge near its public listing, DTX Exchange has emerged as a top investment opportunity in 2024.

Learn more:

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The post Battle of Generations: Aptos (APT) vs Polygon (MATIC) Price Forecast in 2024, Investors Choose DTX Exchange for Fastest 25X ROI appeared first on Blockonomi.

Franklin Templeton has chosen to tokenize a US government money fund worth $380 million on Polygon.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Polygon is up 3.70% today against the US Dollar

MATIC/BTC increased by 2.84% today

MATIC/ETH increased by 3.10% today

Polygon is currently trading 22.29% below our prediction on Apr 30, 2024

Polygon dropped -30.64% in the last month and is down -27.36% since 1 year ago

Polygon price $ 0.727147 Polygon prediction $ 0.935773 (29.59%) Sentiment Bearish Fear & Greed index 72 (Greed) Key support levels $ 0.682194, $ 0.658936, $ 0.618346 Key resistance levels $ 0.746041, $ 0.786631, $ 0.809888

MATIC price is expected to rise by 29.59% in the next 5 days according to our Polygon price prediction

Polygon price today is trading at $ 0.727147 after gaining 3.70% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 2.24% in the same time period. MATIC performed well against BTC today and recorded a 2.84% gain against the world’s largest cryptocurrency.

According to our Polygon price prediction, MATIC is expected to reach a price of $ 0.935773 by Apr 30, 2024. This would represent a 29.59% price increase for MATIC in the next 5 days.

MATIC Price Prediction Chart

Buy/Sell Polygon

What has been going on with Polygon in the last 30 days

Polygon has been displaying a negative trend recently, as the coin lost -30.64% in the last 30-days. The medium-term trend for Polygon has been bearish, with MATIC dropping by -4.37% in the last 3 months. The long-term picture for Polygon has been negative, as MATIC is currently displaying a -27.36% 1-year price change. On this day last year, MATIC was trading at $ 1.00.

Polygon reached its all-time high price on Dec 27, 2021, when the price of MATIC peaked at $ 2.91. The current MATIC cycle high is $ 1.56, while the cycle low is at $ 0.322074. MATIC has been displaying high volatility recently – the 1-month volatility of the coin is at 14.69. Polygon recorded 13 green days in the last 30 days.

Polygon technical analysis for today - Apr 26, 2024

The sentiment in the Polygon markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.682194, $ 0.658936 and $ 0.618346, while $ 0.746041, $ 0.786631 and $ 0.809888 are the key resistance levels.

Bearish sentiment for Polygon

7 indicators are currently signaling a bullish prediction for Polygon, while 24 indicators are showing a bearish forecast. With 77% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Polygon.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 72 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Polygon moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Polygon is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential MA3 $ 0.738520 (SELL) $ 0.706809 (BUY) - - MA5 $ 0.733524 (SELL) $ 0.721423 (BUY) - - MA10 $ 0.753458 (SELL) $ 0.767872 (SELL) - - MA21 $ 0.807881 (SELL) $ 0.842189 (SELL) $ 0.929005 (SELL) $ 0.879637 (SELL) MA50 $ 0.951262 (SELL) $ 0.915586 (SELL) $ 0.732946 (SELL) $ 0.852169 (SELL) MA100 $ 0.914670 (SELL) $ 0.914121 (SELL) $ 0.809151 (SELL) $ 0.863676 (SELL) MA200 $ 0.835651 (SELL) $ 0.871429 (SELL) $ 0.265076 (BUY) $ 0.375350 (BUY)

Period Value Action RSI (14) 39.00 NEUTRAL Stoch RSI (14) 84.58 SELL Stochastic Fast (14) 35.74 NEUTRAL Commodity Channel Index (20) -66.67 NEUTRAL Average Directional Index (14) 46.94 SELL Awesome Oscillator (5, 34) -0.14 NEUTRAL Momentum (10) -0.01 SELL MACD (12, 26) 0.01 NEUTRAL Williams Percent Range (14) -64.26 NEUTRAL Ultimate Oscillator (7, 14, 28) 52.16 NEUTRAL VWMA (10) 0.71 BUY Hull Moving Average (9) 0.74 SELL Ichimoku Cloud B/L (9, 26, 52, 26) 0.80 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Polygon is at 39.00, suggesting that MATIC is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Polygon over the last 50 days. Currently, Polygon is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the MATIC closing price for the last 200 days. MATIC is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Polygon prediction

After considering the above factors, we can conclude that the current forecast for Polygon price prediction is Bearish. MATIC would have to increase by 29.59% to hit our $ 0.935773 target within the next five days. Moving forward, it will be important to monitor the MATIC market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Polygon price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Selecting the right coins for investment in 2024 is crucial for both experts and crypto enthusiasts. BlockDAG steals the spotlight among the top contenders with significant presale achievements and innovative technological advancements.

Alongside Toncoin, Chainlink, Polygon, and Aptos, BlockDAG is paving the way for substantial gains. Investing now in these top 5 most promising crypto presale opportunities for both short-term spikes and long-term rewards, BlockDAG is predicted to lead the pack with an unprecedented 30,000x ROI by 2027.

1. BlockDAG: Pioneering Crypto Innovations

BlockDAG remains unrivalled atop the list of must-invest cryptocurrencies for 2024, boasting a $20.7 million presale triumph and a bullish trend since the year’s start. With $2.3 million raised from miner sales and over 4,900 miners sold, BlockDAG is not just a coin but a comprehensive ecosystem.

The BlockDAG Payment Card, launched recently, integrates seamlessly within its network, offering a versatile, secure transaction solution globally. Anticipated to reach a price of $20 by 2027, BlockDAG’s diverse income opportunities and technological prowess make it a prime investment choice.

2. Toncoin: Surging Market Momentum

Toncoin has recently captured the market’s attention with a stunning 200% year-to-date increase and an 81% surge last month alone. Currently trading between $4.03 and $7.65, its all-time high. Toncoin is projected to climb even further, potentially reaching $10 soon. This impressive momentum, supported by substantial trading volumes and investor confidence, positions Toncoin as a strong investment for those looking to capitalise on its growing market presence.

3. Chainlink: A Strategic Buying Opportunity

Chainlink presents a unique investment opportunity, especially now, as its Market Value to Realized Value (MVRV) ratio indicates a significant undervaluation. Currently trading at around $12.80, with a 30-day MVRV ratio of -17.54%, Chainlink is poised for a potential 50% return. This metric suggests Chainlink is currently undervalued, making it an attractive buy for investors seeking assets with recovery potential and substantial growth prospects.

4. Polygon: Steady Growth Amidst Challenges

Despite recent setbacks in its DeFi and DEX metrics, Polygon’s Proof of Stake network has maintained over 1 million daily active addresses. This resilience in user activity, coupled with a growing number of wallet addresses, indicates a strong community and ongoing accumulation of MATIC. Although its price has seen a downturn, the consistent user engagement suggests a recovery potential and makes Polygon a noteworthy option for crypto investors.

5. Aptos: Innovating at the Forefront of Web3

Aptos, entering the scene in 2021, quickly distinguished itself with high-speed transactions and scalability. Its strategic partnerships, notably with Microsoft, have propelled its Aptos Ascend initiative, aiming to integrate global finance into the Web3 framework. Trading around $10, Aptos offers promising prospects for significant returns as it continues to expand its influence and adoption in the digital asset space.

Last Say On Top Crypto Coins to Invest in 2024

BlockDAG leads the charge as we venture into 2024’s promising crypto landscape. Its robust growth, backed by substantial presale successes and technological innovations, positions it as a superior choice for investors. Engaging now in BlockDAG and its peers could unlock remarkable profit avenues, with BDAG poised to deliver groundbreaking returns.

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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 Top 5 Most Promising Crypto Presales: BlockDAG Hits $20.7M In Presale, Outshines Toncoin, Chainlink, Polygon, and Aptos appeared first on CaptainAltcoin.

The post Bitcoin Halving Aftermath: 3 Altcoins Primed for 100x Gains appeared first on Coinpedia Fintech News

As the crypto market undergoes shifts in sentiment and focus post-Bitcoin halving, analyst Altcoin Buzz took to his latest analysis and listed three potential projects. Explaining the importance of narratives in investment strategies, the analyst spoke about the relevance of the artificial intelligence (AI) narrative. Positioned as an integral part of the evolving crypto landscape, AI-focused projects are attracting attention. His top three picks are:

Graphlinq

AI-focused projects attract attention as they are integral to the evolving crypto landscape. At the forefront of this narrative is Graphlinq (GLQ), a layer-one blockchain that simplifies the development of AI agents and decentralized AI applications (dApps).

Graphlinq offers both the Graphlinq Chain and Protocol, with the latter comprising a set of no-code tools facilitating the creation of AI apps and autonomous agents. The project’s deflationary tokenomics, coupled with its user-friendly infrastructure, make it a compelling investment opportunity. With a current market value of approximately $32.8 million, GLQ presents potential for significant growth, particularly as the market dynamics shift post-Bitcoin halving.

Stacks

This coin emerges as a prominent player within the Bitcoin ecosystem, positioned to benefit from increased attention and investment post-halving. As a leading Bitcoin layer two solutions, Stacks facilitates faster settlement times and enhanced scalability, aligning with the growing demand for efficient blockchain infrastructure.

The upcoming Nakamoto upgrade, introducing parallel processing capabilities, is poised to enhance Stacks’ utility and value proposition further. With a market value of $4.4 billion and a notable price trajectory, STX represents a compelling investment opportunity within the evolving Bitcoin ecosystem.

Polygon

Polygon (MATIC) stands out as a multifaceted project addressing both layer one (L1) and layer two (L2) challenges within the blockchain ecosystem. Polygon remains a robust and innovative platform despite recent price underperformance, attributed partly to broader market dynamics impacting L1 and L2 projects.

Polygon’s aggregated layer solution, designed to enhance liquidity and interoperability across various chains, underscores its commitment to advancing blockchain infrastructure. With a current price near its lowest levels since late 2023, MATIC presents an attractive buying opportunity for investors seeking exposure to a quality project at a discounted price.

According to TechCrunch, Stripe, a leading fintech company, is making a comeback in the cryptocurrency market. The company announced on Thursday that it would begin accepting cryptocurrency payments, starting with USDC stablecoins. Initially, these payments will only be accepted on Solana, Ethereum, and Polygon. This marks Stripe's first acceptance of crypto payments since 2018 when it discontinued Bitcoin support due to its instability.

In 2022, Stripe made its initial reentry into the cryptocurrency market by announcing payouts in USDC, with Twitter being its notable customer for the service. However, no customer names have been attached to Thursday's announcement. The news is expected to be officially announced by Stripe co-founder and President John Collison at the company's Connect developer conference in San Francisco.

Stripe's reentry into the crypto market is part of a broader strategy to expand its services. On Wednesday, the company announced a series of launches, including allowing customers to integrate competing payment providers with Stripe's financial services tools for the first time.

Stripe's history with cryptocurrency has been a delicate balance. While the company has shown interest in blockchain-based technologies and their impact on financial services, it has also been cautious not to jeopardize its position as a stable financial powerhouse. In 2014, Stripe began testing Bitcoin, the first major cryptocurrency. However, by 2018, it withdrew from these activities, citing Bitcoin's volatility and instability.

In June 2019, Stripe became a founding member of Libra, Facebook's cryptocurrency project, but withdrew support by October 2019. It took three more years for Stripe to reengage with cryptocurrency, this time with Twitter and USDC payouts. It remains to be seen how long Stripe will continue with this latest launch and what its future efforts will look like. However, it is understood that the company is already considering other stablecoins and platforms.

Coinspeaker Franklin Templeton Launches $380M Government Fund, Tokenizes It on Polygon, Stellar

Leading investment firm Franklin Templeton has announced a $380 million  United States Government Money Fund (FOBXX), tokenized as BENJI tokens. According to the firm, these tokens represent shares of the fund and can now be traded on both the Polygon and Stellar blockchains. The innovative move does not only promise to simplify transactions and enhance liquidity. It also aims to democratize access to asset management. That is by giving investors more flexibility to manage their assets through direct exchanges.

The BENJI Token

For Franklin Templeton, the BENJI token is primarily aimed at enabling peer-to-peer (P2P) transfers without intermediaries. However, on a broader note, it is more than just a digital representation of a share. It portrays the dynamic shift that is currently taking place in how investors interact with traditional financial structures.

For what it’s worth, the tokenization of government securities and other assets has recently become a trend. That i,  as financial institutions race to blend traditional financial structures with modern-day technological solutions.

So, Franklin Templeton may just be responding to this growing demand, hence its latest innovation.

With BENJI tokens, investors can directly exchange shares on public blockchains. No middlemen, no delays — just seamless P2P transactions. By eliminating intermediaries, Franklin Templeton reduces administrative costs, with the cost efficiency benefiting both the firm and its investors.

Furthermore, Franklin Templeton’s move aims to enhance liquidity. Investors can buy, sell, or transfer BENJI tokens swiftly, regardless of geographical boundaries.

Moreover, blockchain technology is known for ensuring transparency. Therefore, every BENJI token transaction will be recorded immutably, giving investors real-time updates regarding their holdings.

Competing with BlackRock’s BUIDL

Notably, the latest move by Franklin Templeton puts it in direct competition with BlackRock, another investment giant. As Coinspeaker earlier reported, BlackRock, in another tokenization effort, recently partnered with Securitize to launch its BUIDL fund on the Ethereum blockchain.

Although BlackRock’s BUIDL fund has already garnered significant attention, Franklin Templeton has done something different. The multi-blockchain compatibility of BENJI tokens means that investors can choose between Polygon and Stellar, expanding their options.

Franklin Templeton maintains a leading position in the tokenized US Treasuries sector with its 32% market share.

As blockchain technology continues to disrupt traditional finance, asset managers like Franklin Templeton are doing the utmost to adapt and position themselves at the center of innovation.

next

Franklin Templeton Launches $380M Government Fund, Tokenizes It on Polygon, Stellar

In a significant move, Franklin Templeton has announced the tokenization of its US Government Fund on the Polygon and Stellar blockchains. 

The fund’s tokenization will allow Franklin OnChain FOBXX investors to transfer the fund’s BENJI token between themselves without an intermediary. 

Franklin Templeton Embraces Blockchain Technology 

Franklin Templeton’s embrace of blockchain technology can enable peer-to-peer transfers for shares in its Franklin OnChain United States Government Money Fund (FOBXX) using the BENJI token. One BENJI token acts as a share of the Franklin OnChain U.S. Government Money Fund and is currently available on Polygon and Stellar. With each share now represented by the BENJI token, Franklin Templeton now leads the tokenized US Treasuries niche with a 32% market share representing $384 million in assets, according to data from asset management company 21co. Franklin Templeton Head of Digital Assets Roger Bayston said in a statement, 

“We are excited that BENJI token holders will have the ability to transfer shares amongst each other. Eventually, we hope for assets built on blockchain rails, such as the Franklin OnChain U.S. Government Money Fund, to work seamlessly with the rest of the digital asset ecosystem.”

Franklin Templeton was the first US-registered fund to use a public blockchain to process transactions and record share ownership. Currently, the total assets under management in tokenized government securities is around $1.2 billion. 

Competing With BlackRock 

Franklin Templeton’s new initiative comes in an increasingly competitive environment, especially with BlackRock’s new BUIDL fund emerging as a formidable competitor. BlackRock’s BUIDL fund is tokenized in collaboration with Ethereum and has captured 25% of the market only a month after its launch. The fund currently has $304 million in assets and is quickly eating into Franklin Templeton’s market share. 

Competition between the two is set to intensify as the investment giants look to establish their dominance in the tokenized US securities niche. Franklin Templeton’s tokenization of its US Government Funds also marks a strategic move toward enhancing greater connectivity within the digital asset ecosystem. 

Through the peer-to-peer transfer of the BENJI token, Franklin Templeton is looking to broaden the fund’s utility and give investors greater facility in managing their assets, underscoring the firm’s commitment to leveraging blockchain technology to innovate and adapt to changing market trends.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Stripe Enables Merchants To Accept USDC Payments on Ethereum, Solana and Polygon

Payments giant Stripe has announced its return to the cryptocurrency space after co-founder John Collison revealed their plan to allow merchants to receive funds in the form of the USD Coin (USDC) stablecoin. According to Collison, the “transactions instantly settle on-chain and automatically convert to fiat” and will begin as soon as this summer.

Businesses utilizing Stripe's technology will have the capability to accept payments made in USDC, the second-largest stablecoin in the crypto market and the sixth-largest cryptocurrency by market capitalization. By embracing USDC, Stripe aims to empower its users by facilitating global transactions and providing customers with easy, fast, and secure payment options, regardless of their access to traditional banking services or credit cards.

John Egan, the head of crypto at Stripe, expressed enthusiasm about the integration of stablecoin payments, highlighting the potential to enhance merchants' reach and offer their customers a seamless payment experience. Stripe plans to initially support USDC transactions on the Ethereum, Solana, and Polygon networks, with additional network compatibility to be announced closer to the launch date.

This move marks Stripe's reentry into the crypto landscape after its initial foray in 2014 when it became one of the earliest major companies to accept Bitcoin payments. However, the company discontinued its crypto services in 2018 due to rising costs on the Bitcoin blockchain. Despite this setback, Stripe remained optimistic about cryptocurrencies as a whole.

The post Popular Analyst Believes XRP Could Rise To $5 In 2025; Borroe Finance Could Well Be Worth More appeared first on Coinpedia Fintech News

The crypto market is buzzing as analysts predict Ripple (XRP) will reach $5.00 in 2025. This bold prediction has shaken the crypto market. Yet, some analysts believe Borroe Finance ($ROE) has more potential to breach the $5.00 level sooner. Let’s explore which is the best crypto to buy now for higher ROI.

>>BUY $ROE TOKENS NOW<<

Cryptocurrency Analysts Predict XRP’s Future

Ripple has been a hot topic in the crypto market due to its legal lawsuit against the US SEC. Many predictions have been made regarding the future of XRP and its price trajectory. A popular analyst, Jake Gagin is in the headlines with his explosive price prediction.

He predicts that XRP will trade around $5.00 by 2025. However, XRP was trading around $0.50 in mid-April. It has lost around 14% value in the past month. Moreover, XRP is down over 85% from its ATH of $3.84 in January 2018.

In addition, industry experts say the RSI and MACD of XRP suggest downward momentum. Thus, the prediction of Jake Gagin may not work in the short term. In the long term, the altcoin price needs to be 10x from here to reach $5.00 in the long term.

So, there is mixed sentiment towards the prediction from crypto investors. XRP lawsuit update will also have an impact on its price. Thus, we have to wait till 2025 to see if the prediction proves to be right.

Amid these, experts say a new blockchain ICO–Borroe Finance could topple XRP in terms of ROI.

Borroe Finance Empowers Web3 Growth

Borroe Finance is making headlines as it gets support from experts. Experts back $ROE for higher ROI than XRP, which is struggling with the US SEC lawsuit. Borroe Finance enables Web3 businesses to turn future invoices into immediate cash.

Borroe Finance offers an AI-powered funding marketplace to trade and sell NFTs of future revenue. This helps Web3 businesses to unlock capital instantly and smoothly. It will help Web3 content creators like NFT artists, writers, etc. who often have irregular income.

The platform is built on top of the Ethereum sidechain–Polygon. Polygon blockchain offers low transaction fees and faster transactions which is essential for Borroe Finance to operate smoothly. Also, it will have Ethereum security.

It offers a suite of features for token holders, including discounted fees, premium features, and governance rights. Borroe Finance is at the final stage of the presale, offering $ROE at $0.02 per token. They have already sold over 290 million $ROE tokens and only 145 million tokens are remaining to be sold.

Additionally, $ROE tokens provide an incentive of a 20% bonus for new buyers using the promo code “WELCOME”. When $ROE lists in Uniswap, a DEX (decentralized exchange), at $0.025, new investors will gain 25%. Thus, experts recommend buying and HODL $ROE tokens for higher ROI in the long term.

Learn more about Borroe Finance ($ROE) here:

Visit Borroe Finance Presale | Join The Telegram Group | Follow Borroe Finance on Twitter

Franklin Templeton enables peer-to-peer transfers for its $380 million money market fund via its BENJI token on Stellar and Polygon blockchains.

The Franklin OnChain U.S. Government Money Fund (FOBXX) investors can now transfer the fund’s BENJI token directly between each other without any intermediary.

The token, available on the Stellar (XLM) and Polygon (MATIC) blockchains, represents shares in the fund that holds government securities, cash, and repurchase agreements, providing a steady yield to token holders.

According to Jason Chlipala, chief business officer of Stellar Development Foundation, enabling peer-to-peer transfers puts Franklin Templeton at the forefront of the financial sector, promoting openness, transparency, and accessibility.

We’re excited to announce peer-to-peer transferability for the yield-bearing BENJI security token! This new feature will provide users the ability to send BENJI tokens to other BENJI holder’s digital wallets. One BENJI security token is a share of the Franklin OnChain U.S.… pic.twitter.com/WFhsCyx0BQ

— Franklin Templeton Digital Assets (@FTI_DA) April 25, 2024

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This development is important as it enhances the token’s utility. It could potentially facilitate trading on secondary markets or serve as collateral for loans in decentralized finance (defi) platforms.

Roger Bayston, head of digital assets at Franklin Templeton, emphasized the importance of integrating blockchain-based assets seamlessly into the broader digital asset ecosystem. Tokenized U.S. Treasuries represent a growing trend in bringing traditional financial assets to blockchain rails, with the market for such assets reaching $1.2 billion, according to rwa.xyz data.

BENJI, launched in 2021, holds the largest market capitalization among similar offerings, with newcomers like Ondo Finance and BlackRock’s BUIDL fund, with Securitize gaining ground by allowing peer-to-peer token transfers.

Read more: Woo X launches tokenized US Treasury bills for retail investors

Solana outperformed top blockchains like Bitcoin, Ethereum, and Polygon in terms of NFT adoption.

The future of Web3 is undeniably cross-chain, with protocols and communities spanning diverse ecosystems and layers. Recognizing the pivotal role of cross-chain governance in this evolving landscape, Q Development AG, a company headquartered in Liechtenstein which supports the Q Protocol, is thrilled to announce the deployment of Hyperlane on Q. 

Hyperlane, founded in 2022, is the first permissionless interoperability framework built for the modular blockchain stack. Backed by leading crypto investors, Hyperlane is revolutionizing cross-chain connectivity. The company’s messaging bridge has been deployed on Q, facilitating seamless interoperability across Hyperlane’s expansive network of over 50 ecosystems and blockchain networks.

The first blockchain that has been integrated is Polygon PoS, one of the most used protocols in the world. The network has tens of thousands of dApps, more than 3 million average daily transactions, $5 billion in secured assets, and some of the top brands building on it.

The collaboration marks a significant milestone for Q in creating a fundamental governance layer for Web3. 

Enabling cross-chain governance on Q with Hyperlane 

 

Hyperlane serves as an interoperability framework within the modular blockchain stack. It functions as an Arbitrary Messaging Bridge (AMB), enabling the seamless exchange of interchain messages across many chains within the Web3 ecosystem. 

 

Q provides a novel key primitive for Web3: Shared Governance Security. Projects using Q’s governance opt-in features can safeguard critical governance decisions. This opens a new design space for developers, increases projects’ security, and helps them become truly decentralized.   

 

Up until now, Q’s governance features were only available to projects building natively on Q. Embracing the modular blockchain thesis, cross-chain governance functionality is a critical step on the development roadmap for Q. The goal is to enable all projects to tap into Q’s governance security features, no matter on which chains they are.  

 

Deploying and connecting to Hyperlane is an important step towards making this vision a reality. “Enabling cross-chain governance on Q is a game-changer. Our vision is to create value for all of Web3, and the way to do this is to make Q’s governance security available to all Web3 projects—no matter which chain they build on, “ says Nicolas Biagosch, co-initiator of the Q Protocol. 

“Cross-chain governance is a critical challenge facing every project that operates across multiple blockchains,” said Jon Kol, Founder of Hyperlane. “By deploying the Hyperlane interoperability framework, Q can now extend its powerful governance capabilities to any blockchain connected to the Hyperlane network – starting with Polygon PoS. And the best part? Hyperlane’s permissionless architecture meant Q could integrate and host this solution on its own. This is  an excellent example of what builders can achieve with truly open, permissionless interoperability tools.”

About Q Development AG

 

Q is a novel blockchain protocol acting as a fundamental governance layer in Web 3. 

It combines the benefits of a public, open, and decentralized ledger with the transparency and predictability of enforceable private contracts, thereby enabling adoption by a great variety of use cases that desire decentralization but require scalability and dependability.

Q Development AG is a private company based in Gamprin-Bendern, Liechtenstein, whose primary purpose is to advance the Q protocol and support the Q ecosystem. To learn more about Q please visit: https://q.org/ 

Twitter | LinkedIn

About Hyperlane 

Hyperlane is the permissionless interoperability framework connecting the modular ecosystem. With Hyperlane, anyone can connect any blockchain, rollup, appchain, on any VM. Additionally, Hyperlane’s modular security stack gives developers the power to customize their interchain security to their needs.  To learn more about Hyperlane please visit: https://www.hyperlane.xyz/

About Polygon Labs:

Polygon Labs is a software development company building and developing an aggregated blockchain network that provides cross-chain interoperability via the Aggregation Layer, a decentralized protocol on Ethereum that unifies user bases and liquidity for all connected chains. Polygon Labs has also contributed to the core development of several widely-adopted scaling protocols, including Polygon PoS, Polygon CDK, and Polygon zkEVM, as well as  Polygon Miden, which is in development.

Website | Twitter | Developer Twitter | Telegram | LinkedIn | Reddit | Discord | Instagram | Facebook

For media inquiries:

Cassiopeia Agency

Nadine Arendse ; Nadine@cassiopeia-ltd.com

info@cassiopeia-ltd.com

The post Q Blockchain and Hyperlane Pioneer Cross-Chain Governance Solutions appeared first on Visionary Financial.

Polygon (MATIC), the popular Ethereum scaling solution, has been facing significant challenges in recent weeks, with its price chart being described as “absolutely disgraceful” by renowned crypto analyst Michaël van de Poppe.

The token’s underperformance has raised concerns among investors and traders alike, prompting a closer examination of its technical indicators and potential trade setups.

Michaël van de Poppe’s Perspective

In a recent tweet, Michaël van de Poppe expressed his disappointment with Polygon’s price action, stating that the token is “underperforming massively.”

He suggested that he might consider investing in MATIC if it drops another 30%, as this could potentially indicate a rotation point. However, van de Poppe also emphasized that there may be better opportunities available in the market at present.

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Show more +Show less – Technical Analysis by altFINS

A detailed technical analysis by altFINS from April 22 provides valuable insights into Polygon’s current price action and potential trade setups.

Trade Setup

Polygon’s price trends are currently mixed, with the token trading within a Channel Down pattern. After bouncing off the channel support at $0.60, MATIC is now approaching a significant resistance area, which includes the channel resistance trendline and a horizontal resistance level at $0.75.

Source: altFINS – Start using it today

For swing traders, the current setup presents an opportunity to trade within the channel, entering near the support and exiting near the resistance. Trend traders, on the other hand, are advised to wait for a breakout above the $0.75 level before initiating a position.

Pattern Analysis

Polygon is currently trading within a Channel Down pattern, which is considered a bearish formation. Traders who believe that the price will remain within the channel can initiate trades when the price fluctuates between the channel trendlines. However, if a breakout occurs, either above or below the channel, the price can move rapidly in the direction of the breakout.

Trend and Momentum

The trend analysis for Polygon reveals a downtrend on both short-term and medium-term timeframes, while the long-term trend remains bullish. The momentum indicators are currently mixed, with the MACD (Moving Average Convergence Divergence) line above the MACD Signal Line, indicating a bullish momentum, while the RSI (Relative Strength Index) is below 45, suggesting a bearish momentum.

Support and Resistance Levels

The nearest support zone for Polygon is located at $0.60, followed by $0.50. On the upside, the token faces significant resistance levels at $0.75 (previous support), $0.90, and the $1.00-$1.05 range.

Polygon’s recent price action has been disappointing, with the token underperforming significantly compared to other cryptocurrencies. While Michaël van de Poppe suggests that a further 30% drop could potentially indicate a rotation point, he also highlights the availability of better investment opportunities in the market.

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The post Popular Crypto Analyst Flags MATIC Chart as ‘Absolutely Disgraceful’; Shares When He Might Buy Polygon appeared first on CaptainAltcoin.