Tag: matic price

Cryptory.net - Polygon is gearing up for a transformative era with Polygon 2.0 in the blockchain and cryptocurrency world. This advancement revolves around POL contracts and a suite of Polygon Improvement Proposals (PIPs) that guide the progress.

For three consecutive months, Polygon surpassed Solana in terms of daily active addresses, but SOL outperformed MATIC in certain aspects.

While Polygon had a higher number of daily active addresses compared to Solana, the situation varied when it came to the number of transactions. This raises the question of whether there is a definitive winner between the two.

Despite regulatory enforcement against the crypto sector spooking investors, the total crypto market capitalization remains above $1 trillion.

The year 2022 proved to be a difficult one for the cryptocurrency and altcoin market, marked by the downfall of Terra and FTX, which had a significant impact on the industry. As a result, most digital assets suffered significant losses and are currently trading at a discounted value.

Despite the recent volatility in the crypto market, non-fungible tokens (NFTs) have proven to be resilient, with a 7.74% surge in weekly sales, amounting to a total of $181.82 million.

Polygon (MATIC) price broke the short-term pattern but is still trading above the horizontal support area.

Polygon (MATIC) price is trading above the long-term horizontal support area at $0.80. However, the lack of conviction from the price action and the RSI show unclear future movements.

Polygon (MATIC) has bounced off the critical horizontal support level at $0.74 and is breaking above a short-term descending resistance line.