Biggest Movers: MATIC Slides to 6-Week Low, as SOL Extends Declines

Polygon fell to a six-week low on Tuesday, with sentiment in cryptocurrency markets remaining bearish. The price plunged as consumer confidence in the United States fell by more than expected, coming in at a reading of 101.3 in April. Solana also slipped, hitting a two-week low.

Polygon Faces 1.15 Billion $MATIC Supply Wall Ahead of Potential 50% Surge

According to popular cryptocurrency analyst Ali Martinez, MATIC is close to the $1.19 to $1.29 price range, in which a total of 1.15 billion MATIC have been purchased by a large number of addresses.

HedgeUp (HDUP) Presale Attracts Stacks (STX) And Polygon (MATIC) Holders As They Eye Better Returns

HedgeUp (HDUP) is a new cryptocurrency project that has attracted the attention of Stacks (STX) and Polygon (MATIC) holders. The project aims to provide a decentralized platform for trading derivatives, such as options and futures. 

Polygon Surpasses Ethereum in Daily Active Addresses, but Faces Challenges in DeFi Space and MATIC Price Correction

Polygon outperformed Ethereum in terms of daily active addresses, with 399,950 users compared to Ethereum's 376,350. The surge in activity on Polygon can be attributed to several factors, including the performance of its dApps and the migration of y00ts NFT.

MATIC Becomes Top 3 Most Purchased Coin Among Ethereum Whales

Data from WhaleStats shows that MATIC has been on the radar of the top 100 Ethereum whales. These large investors have been buying the digital asset in considerable amounts, enough of it that it is now ranking as a top 3 token traded by the largest Ethereum whales.

Polygon: MATIC Could See Some Losses in Coming Days, Answering Why

Polygon saw a drop in network fees and revenue in recent weeks, even though the daily active addresses had increased by a small margin. The report highlighted a downturn in the weighted sentiment also.

Polygon Witnesses GameFi Growth, but Will Lurking Bears Impede MATIC’s Rise

Polygon, a popular blockchain network, has been witnessing a surge in the GameFi sector. According to a recent report on Ambcrypto, several GameFi projects have been launched on the Polygon network, including games, NFTs, and staking platforms.

Prominent Crypto Analyst Predicts Polygon (MATIC) Price Surge Following This New Development

A crypto analyst has predicted a surge in the price of Polygon (MATIC) in the coming months. The analyst notes that Polygon has seen significant growth in recent months, as more businesses and individuals seek to participate in the market and take advantage of the potential benefits of blockchain technology and DeFi platforms.

Polygon zkEVM FAQ: Features, Gas Fees, Compatibility, Use Cases, and More

ETH will be used for gas fees, while MATIC will be used for staking and general governance in Polygon zkEVM in the future. There is no direct interaction with Polygon PoS, value can be transferred from these two networks via Ethereum network.

Biggest Movers: XRP Nears 5-Month High to Start the Week, Despite Crypto Market Consolidation

Xrp moved back towards a five-month high on Monday, as prices surged for a third straight session. The token formerly known as ripple was one of the very few gainers to start the week, as markets mostly consolidated. Polygon edged closer to a multi-week low to start the week.