On Wednesday, Binance Coin (BNB), Cardano (ADA), and Polygon (MATIC) were attempting to break through key resistance levels as cryptocurrency prices rose. Bitcoin bounced back above $27,400, while other coins such as XRP, Dogecoin, and Litecoin also saw gains. However, the broader cryptocurrency market remained largely flat due to investor caution surrounding US debt-ceiling sentiment. In terms of short-term price predictions, BNB was trading at $314 with resistance at the 20-day and 50-day EMAs, while ADA was above $0.37 and needed to break past $0.40 to target the recent uptrend peak of $0.46. MATIC was trading at $0.87 with resistance at $0.91, and a potential target of $1.00 if the bulls succeed.

Developers on the Polygon network have reported significant growth in the use of Polygon ID's Identity Infrastructure tools. Kaleido, an enterprise-grade Web3 platform, is among the few on the list of collaborators building on the Polygon ecosystem. The platform has integrated with Polygon PoS, Polygon ID, Polygon Edge, and many other extensions, making it easier to use.

Polygon co-founder Sandeep Nailwal has launched the Nailwal Fellowship program which will invest $500,000 annually to support 10 Web3 projects. Each fellow will receive a $50,000 grant and access to resources from Symbolic Capital, Nailwal's venture capital firm. The fellowship aims to attract talented individuals to the Web3 sector by providing financial support and resources to pursue innovative ideas. The 6-month program will select fellows through an application and interview process. The fellowship seeks to provide founders the support to fully dedicate themselves to building and embracing entrepreneurship in the Web3 space.

Polygon zkEVM, a scaling solution on the Ethereum network, has experienced a surge in popularity and adoption among users, as evidenced by a 70% increase in Total Value Locked (TVL) and a record-breaking 130,000 transactions in a single day. The platform's use of zero-knowledge proofs (zk-proofs) enhances the privacy and security of transactions, making it an ideal choice for financial applications that require a high level of privacy and security. Given the growing demand for fast and affordable transactions, the Polygon network is expected to continue its significant growth in the future. For those interested in investing in crypto presale projects for 2023, our updated list includes the TAGSPolygonPolygon zkEVM project, as well as our updated list of crypto Telegram channels for 2023, which can help you stay informed and make informed investment decisions.

The global market cap has decreased by 1.39% in a day of trading, bringing the total cap to $1.13T and causing a correction phase in today's market session. Bitcoin has also experienced a small correction, dropping by 1.6% within a day of trading and facing new resistance at $28K.

Polygon co-founder Sandeep Nailwal and Symbolic Capital have introduced the Nailwal Fellowship, which aims to provide financial support to early-stage builders transitioning from Web2 to Web3. The program is open to all Web3 builders, regardless of age or location, and will accept applications from May to early June each year.

Tron's token, TRX, rose by almost 2% on Wednesday, bringing it closer to entering the top 10 cryptocurrencies. This increase came despite a slight decrease in the global market cap. Polygon, which currently holds the tenth position, fell to a five-month low. TRX is now slightly above a long-term resistance level of $0.070, and if it continues to climb, it could reach a three-month high of $0.072. Meanwhile, Polygon's RSI has fallen below 30.00, which may give bulls hope for a reversal soon.

Polygon Network, a major player in the blockchain industry, has seen a steady decline in the value of its native token, MATIC, in recent weeks. This is not surprising given the negative market sentiment affecting many altcoins. While the volatility of MATIC's price may present opportunities for traders, it also poses a risk for inexperienced investors. On-chain analytics platform Santiment has reported large whale transactions on the Polygon network, suggesting that holders are selling off their MATIC tokens.

Sandeep Nailwal, co-founder of Polygon, expressed disappointment over the lack of high-quality applications built on the blockchain space. He criticized the constant demand for memecoins, stating that it is not a good sign for the industry in the eyes of investors and regulators. Nailwal acknowledged the power of layer blockchains Bitcoin and Ethereum but expressed bearishness about the development space in blockchain, as there are no real high-quality applications in the blockchain space that can handle 50 to 100 million users. This comes in the context of expanding the web 3.0 further into the mainstream world.

The price of Polygon (MATIC) is slightly decreasing today as bears attempt to take control. However, trading volume has increased by 16%, indicating growing interest from traders. MATIC is currently trading within the $0.9 to $1 price range and is experiencing a sideways trend. Technical indicators suggest that MATIC may experience further price decline before a bullish rally. Despite the price drop, trading firm Securitize has launched a feeder fund on the Polygon blockchain, which could eventually benefit the network and its price.

Aether Games is a transmedia development studio that aims to set a new standard in the gaming industry by weaving together traditional gaming, blockchain technology, and captivating narratives across various media formats.

Hamilton Lane (HLNE), an investment-management firm with $824 billion in assets under management and supervision, is offering tokenized access to a second fund. The access is provided through a feeder fund from Securitize on the Polygon blockchain.

Credibly Neutral, a new crypto venture capital firm, has raised $5.5 million from investors including founders of Solana and Polygon blockchains. The Brooklyn-based firm, led by Viktor Bunin and Lisa Cuesta Bunin, will invest $50,000 to $250,000 in early stage protocols, infrastructure, and crypto software-as-a-service projects.

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U.S. sports publication Sports Illustrated is launching a non-fungible token (NFT) ticketing platform built on the Polygon network, an Ethereum scaling tool.

Solana, Algorand and Polygon saw minor inflows last week as money poured out of the broader crypto sector ahead of the U.S. Federal Reserve's Wednesday meeting on interest rates.  

Self-custodial wallet Phantom has announced simultaneous support for Ethereum and Polygon networks on its mobile app and browser wallets, allowing users to access dApps across the Web3 landscape. The wallet also supports Solana and allows users to manage multiple accounts and assets across blockchains without switching wallets.

In this exciting article, we compare two blockchain giants, Solana and Polygon, that are revolutionizing the world of decentralized finance.

NFT sales declined by 5.76% in April, with Ethereum dominating the market, according to the latest sales statistics. Ethereum-based NFT sales accounted for $485 million in trades, followed by Solana-based NFT sales, which recorded $88.16 million. The top five blockchains in terms of NFT sales were Polygon, Immutable X, and BNB Chain.

April 29 (Cointime) - Bankless Ventures, the early-stage venture fund launched by Bankless, has received 75% of its investment commitments. The fund has a $35 million size and includes LPs such as a16z co-founder Marc Andreessen, a16z Crypto founder Chris Dixon, Ethereum Foundation researcher Dankrad Feist, Polygon co-founder Sandeep Nailwal, and Immutable co-founder Robbie Ferguson.