The current state of MATIC and Polygon’s crypto ecosystem ranks among the worst. It took a toll on In the wake of FTX’s demise, the industry-wide contagion has impacted other projects, Polygon among them. Despite this, Polygon is in the top three DeFi companies in terms of revenue. However, Polygon and its native coin is…
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MATIC’s price fails to hold amidst market turmoil as the price falls back to its key support zone with a range-bound movement. MATIC’s price continues to show strength after a bearish downtrend with the market’s current state, as things look uncertain for most traders and investors. MATIC’s price continues to hold $0.75 on the daily…
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Three days ago, on Nov. 11, 2022, it was reported that FTX’s wallets saw unusual activities and FTX Telegram channel admins stressed that FTX was “hacked.” The same day, the new FTX CEO John Ray confirmed there were “unauthorized transactions.” A report by the blockchain intelligence firm Elliptic explains that out of “more than $663…
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On Nov. 14, cronos rebounded, as Crypto.com CEO Kris Marszalek held an “Ask me Anything” (AMA) session, while speculation grew on the company’s level of solvency. The concerns came after it was revealed that a transfer of $400 million was made to gate.io in recent weeks. Polygon also surged on Monday, as prices attempted to…
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Solana was up by as much as 20% on Friday, as the token rebounded following recent declines. The token which dropped by over 50% earlier in the week, surged today, as traders seemingly bought the dip earlier in the day. However, sentiment has since shifted following the news that FTX has declared bankruptcy. Polygon was…
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Terra classic has been one of Thursday’s biggest gainers, as crypto markets found light in the form of the latest U.S. inflation (CPI) report, which came in at 7.7%. The token was up by nearly 14% in today’s session, as founder Do Kwon ironically gave his best wishes to FTX chief Sam Bankman-Fried. Polygon was…
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Polygon’s MATIC has struggled to keep its weekly gains despite the entire crypto market trading in the red zone. The crypto market plunged into an endless decline yesterday after FTX’s acquisition by Binance was made known. The FTX saga has shaken many crypto investors for days due to rumors that the platform had liquidity issues.…
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MATIC’s price loses its $1 support as the price trades to a region of $0.8. MATIC’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. MATIC’s price remains weak across all timeframes as the price trades slightly below the 50 and 200 Exponential Moving Averages…
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Polygon (MATIC) surpassed expectations with regards to its trading price as it ended up being the top gainer in a seven-day period right now among the top 15 cryptocurrencies in terms of market capitalization. Trading at $1.11 according to latest tracking from Coingecko at press time, the altcoin managed to climb by 26% for the…
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MATIC’s price needs to stay above $1 for the price to have a chance to rally high to a region of $1.5. MATIC’s price continues to trend, creating a more bullish bias as the price aim for $1.5, where the price could face resistance. MATIC’s price remains strong, holding key support on the daily timeframes…
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