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BlockDAG Now Accepts Payment In SOL, MATIC, KAS & 7 Other Coins Amidst Shiba Inu’s New Blockchain Launch & Bullish Cosmos Price Projections Amid the dynamic developments in the crypto landscape, BlockDAG is capturing attention by adding ten new payment options, coinciding with significant developments in the Shiba Inu ecosystem

Top crypto gainers: BDAG; Shiba Inu ecosystems & Cosmos Predictions

One widely followed crypto analyst is warning Ethereum (ETH) traders that an ETH exchange-traded fund (ETF) approval from the U.S. Securities and Exchanges Commission (SEC) is unlikely to happen soon. Crypto trader Michaël van de Poppe tells his 715,800 followers on the social media platform X that traders may have to wait a little longer for an ETH ETF. The post Here’s Why One Crypto Analyst Doesn’t Think an Ethereum ETF Will Get Approval Despite ‘Altcoin Bull Market’ appeared first on The Daily Hodl .

Here’s Why One Crypto Analyst Doesn’t Think an Ethereum ETF Will Get Approval Despite ‘Altcoin Bull Market’

Key Takeaways Polygon, an Ethereum side chain and layer two scaling solution, has experienced substantial uptake by enterprises and industries in the last year. Consequently, numerous analysts are eagerly anticipating the future valuation of its native cryptocurrency, MATIC. This raises the question: Can MATIC price reach $10? This forecast for Polygon’s price examines factors such

Polygon Price Prediction 2024-2030: Is MATIC Going Past $10 Soon?

Solana surpassed both Polygon and Tron in terms of transaction volume, but...

Solana vs Polygon and TRON – What DEX volumes and TVLs tell us

Polygon (MATIC), the Ethereum scaling solution, has been a hot topic for weeks. Its daily active addresses recently hit an all-time high, exceeding 1.4 million, a testament to the network’s growing user base. This surge in activity, however, presents a tale of two sides for MATIC. Related Reading: Is Ethereum Back? Record 267,000 New Users Spark Speculation Polygon’s Busy Streets: A Sign Of Growth Or Gridlock? The high traffic on Polygon’s virtual streets is undeniable. The consistent daily active addresses above 1 million suggest a thriving ecosystem. However, a closer look reveals a potential bottleneck. While the number of users has skyrocketed, transaction fees have taken a nosedive. This decline in fees translates to a drop in revenue for the network, raising concerns about Polygon’s long-term sustainability. JUST IN: Polygon PoS has recorded a new all time high in daily active addresses with 1.4M pic.twitter.com/YnOdDYbyJD — Today In Polygon (@TodayInPolygon) May 1, 2024 The story doesn’t end there. Despite the network’s bustling activity, the Total Value Locked (TVL) in Polygon’s Decentralized Finance (DeFi) protocols has dipped. This could indicate a cautious approach from DeFi whales, hesitant to fully commit their assets in the current market climate. MATIC Bulls Charge In, Waving Green Flags Despite the underlying concerns, MATIC bulls are charging forward. The token’s price experienced a surge exceeding 8% in the past 24 hours, currently hovering around $0.71. This bullish momentum could be attributed to a rise in buying pressure. Data suggests a decrease in MATIC supply on exchanges, coupled with an increase in holdings by large investors (whales). This shift indicates investor confidence in Polygon’s future potential. MATIC market cap currently at $7 billion. Chart: TradingView.com Technical Indicators Flash Bullish, But Caution Remains Technical indicators also paint a bullish picture for MATIC. The Chaikin Money Flow (CMF), Money Flow Index (MFI), and the Moving Average Convergence Divergence (MACD) all point towards a potential upward trend. These indicators suggest strong buying pressure and a bullish upper hand in the market. However, the Bollinger Bands, which measure price volatility, indicate that MATIC might be entering a period of lower price swings. Related Reading: Whales Dive In, But Dogecoin Price Sinks 20%: What’s Going On? While this could be a sign of consolidation after the recent surge, it also introduces an element of uncertainty. The cryptocurrency market is notoriously unpredictable, and technical indicators can be misleading. The Road Ahead: Can Polygon Navigate The Challenges? Polygon finds itself at a crossroads. The network’s high activity is a positive sign, but the decline in fees and DeFi TVL raises concerns. The recent price surge and bullish technical indicators offer a glimmer of hope for MATIC investors. However, navigating the volatile cryptocurrency market requires a cautious approach. For Polygon to maintain its current momentum, it needs to address the issue of declining fees. Exploring alternative revenue models or implementing fee structures that incentivize network usage are crucial steps. Additionally, fostering a robust DeFi ecosystem by attracting innovative protocols and users could reignite investor confidence and drive TVL growth. Featured image from Pixabay, chart from TradingView

Is MATIC Poised For Takeoff? Key Area Breaks Records, Fueling Bullish Outlook

NFTFN Gains Forecast to Eclipse Polygon: What Early Investors Need to Know! The post NFTFN Gains Forecast to Eclipse Polygon: What Early Investors Need to Know! appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

NFTFN Gains Forecast to Eclipse Polygon: What Early Investors Need to Know!

Polygon’s daily active addresses reached an all-time high while MATIC’s price gained bullish momentum

Examining MATIC’s future as Polygon records new ATH in key area

A prominent layer-2 scaling solution for the meme asset Dogecoin (DOGE) is announcing that it is going to be shutting down its wallet services next month. In a new thread on the social media platform X, Mishaboar, one of Dogecoin’s developers, tells investors to make sure they move their DOGE out of the Dogechain wallet The post Popular Dogecoin (DOGE) Layer-2 Solution Dogechain To Shut Down Wallet Services Next Month appeared first on The Daily Hodl .

Popular Dogecoin (DOGE) Layer-2 Solution Dogechain To Shut Down Wallet Services Next Month

Before you reading,Don't miss coins like PEPE again! Click here to find new PEPEs! Cardano struggles to break the $0.50 barrier amidst downward pressure, while Polygon investors face a 24.21% price drop. Meanwhile, the future of BlockDAG’s innovative X1 mobile... Read the full article for FREE at COINOTAG!

Cardano (ADA) and Polygon (MATIC) Under Scrutiny as BlockDAG’s X1 Mobile Mining App Allegedly Set to Launch on June 1st

The post Should You Invest in Solana or Polygon at Current Prices? Experts Predict New Crypto on Blast Can Outperform Both appeared first on Coinpedia Fintech News In the realm of cryptocurrency, the choice between investing in established coins or emerging ones can be a pivotal decision. Solana and Polygon have both carved out significant positions in the market. But experts are shining a light on a new player with the potential to outshine these established coins. As the bull run of …

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