Sandeep Nailwal, one of the founders of Polygon, has revealed information regarding the POL token, which he characterizes as a substantial technological enhancement for the MATIC token. Nailwal explained that POL introduces the advantages of multi-chain staking while mitigating the…
Polygon Surpasses Solana: NFT Migration and Micro Transactions Propel Growth
Once again, Polygon Network has reinforced its leading position in the realm of non-fungible tokens (NFTs). Despite a considerable volume of wash-trading activities, it outperformed Solana in key trading indicators and displays no indications of slowing down. In the context…
1.84 Billion SHIB Tokens Burned: Shiba Inu’s Resilience Amidst Challenges
The realm of digital currency has presented a series of challenges to the Shiba Inu (SHIB) ecosystem. The volatility within this digital monetary landscape has led to a decrease in the value of various coins associated with SHIB, resulting in…
$94 Million Ethereum Accumulation: Whales Capitalize on Market Dip for Big Buys
Blockchain analytics company Lookonchain reported that significant investors took advantage of Ethereum’s price plummet last week to grow their holdings. During that period, the value of Ether dropped to below $1,600. Indications suggest that affluent investors possessing substantial amounts of…
PEPE Meme Coin: From Promise to Peril in the Face of FUD
PEPE, a meme coin that once showed promise and gained attention over the past quarter, faced an unexpected setback on Thursday as it fell victim to FUD (fear, uncertainty, and doubt). Despite its recent surge in popularity, PEPE’s momentum waned…
Crypto Markets on Edge: Unveiling the Impact of Long Liquidations
In the realm of cryptocurrency, the landscape is notorious for its rampant volatility, and Bitcoin often takes the lead in this roller-coaster journey. Recent times have witnessed a wave of fear gripping the market due to significant long liquidations in…
Exploring Significant Unlock of HBAR, Optimism(OP) and DYDX Events this week : Coin Unlocking Chronicle’s
Coin unlocking leads to an increase in the number of coins available for use and their circulation, impacting the price variations of the coin due to the augmented coin supply. In this article, we will delve into the upcoming currencies…
Decoding ATOM’s Bearish Patterns and Support Stress : Market Watch
Weekly Perspective: In the weekly time frame, ATOM is trading within a downward parallel channel. The upper line of the channel represents a strong resistance, while the lower line serves as a robust support line. Atom is forming a Lower…
Analyzing MATIC’s Downtrend and Market Sentiments – Market Watch
On a weekly timeframe, we can observe a downtrend in Matic within a parallel channel, following the pattern of Lower Highs and Lower Lows, which constitutes a bearish structure. Moreover, if we connect the lows of June 2022 and June…
Will BNB drop more? Patterns, Supports, and Sentiments Under Scrutiny
Binance coin (BNB) is the exchange token of one of the most widely used exchanges. BNB has market cap of around $33 Billion, and is the 4th largest cryptocurrency by market cap. BNB is currently trading at $214.24 with circulation…