cryptocurrency widget, price, heatmap
Search icon
Search icon
Telegram iconTwitter icon
Share icon
Share page
Cryptocurrencies/Coins/Polygon (MATIC)
Polygon price, market cap on Coin360 heatmap

Polygon(MATIC)

Arrow icon
Add to watchlist
$0.851592
(-1.3%)
0.00005138 BTC
Market Cap (Rank#10)
$7,438,072,487
448,809 BTC
Vol 24h
$111,109,310
6,704 BTC
Circulating Supply
8,734,317,475.28
Max Supply
10,000,000,000
13h agocryptodaily
MetaMask to Start Collecting User IP Addresses
According to an updated privacy policy agreement published by ConsenSys, creator of the MetaMask wallet, MetaMask will begin collecting users’ IP addresses and Ethereum wallet addresses during on-chain transactions. ConsenSys, the creator of the MetaMask wallet, announced in an updated privacy policy agreement that the wallet will soon begin collecting users’ IP addresses and Ethereum wallet addresses. The company however explained that the collection of users’ data will only apply if they use MetaMask’s default Remote Procedure Call (RPC) application called Infura. ConsenSys added that individuals who use their own Ethereum node or a third-party RPC provider with MetaMask will not be subject to the changes in the privacy policy. The firm added that information gathered may be disclosed to affiliates, during business deals, or may be used to comply with Know Your Customer and Anti-Money Laundering requirements. Decrypt reported that alternative RPCs which can be utilized by Ethereum developers include Alchemy, QuickNode, Moralis, and Tatum. Alternative RPCs are however subject to their own data collection policies and may also change in the future. ConsenSys added in a blog post that its “policy has always stated that certain information is automatically collected about how users use our sites and that this information may include IP addresses,” adding that it isn’t “Infura-specific” and that this type of data collection “is consistent with how web architecture works generally.” Overall the crypto community has reacted negatively to the changes in ConsenSys’ privacy policy. Adam Cochran, partner at Cinneamhain Ventures said: There is nothing more important than consumer privacy, especially when it comes to your financial data — you have a right to be anonymous. Metamask has provided a great free service for a long time, but their decision to log IPs and tie it to transactions is unacceptable. ConsenSys is not the only firm to have recently made changes to its data collection policy. Decentralised exchange Uniswap recently started collecting some off-chain data including users’ device type or browser but claims that it collects data purely for improving user experience. The exchange added that their data collection efforts did not include other forms of personal information such as user’s names, addresses, date of birth, email, or IP addresses. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
13h agocryptodaily
Why Flasko (FLSK) Is A Better 2023 Investment Than Polygon (MATIC) And Uniswap (UNI)
Investors in cryptocurrencies are beginning to relax as 2022 draws to a close. Almost all cryptocurrencies had a value decline of 90% this year, and the recent FTX bankruptcy did not help the situation. This domino effect impacted established currencies such as Polygon (MATIC) and Uniswap (UNI). Due to the neverending crisis, investors seek alternatives to these currencies, and some new presales are currently gaining traction. Today we will discuss one such presale, Flasko! Uniswap (Uni) Sinks 18% In 30 Days The decentralized Uniswap mechanism enables individuals to exchange Ethereum tokens. Since its launch in November 2018, Uniswap (UNI) has been one of the most popular operating systems on the Ethereum network. The price of Uniswap (UNI) has been declining recently. The confidence of traders in the market has been damaged by the Uniswap (UNI) bulls' inability to push the price above its support levels. Uniswap (UNI) is currently worth $5.51, a fall of 18% in just one month. This has led holders of Uniswap (UNI) to lose faith in the project. Polygon (MATIC) Holders Appear Demoralized Polygon (MATIC) has grown in prominence due to the high platform capacity and low gas prices that users and developers enjoy. Polygon (MATIC) had to increase network use to withstand the current pricing fall. The price of the Polygon (MATIC) token is $0.8588 after falling by 4.28% in a single day. Even if Polygon (MATIC) may soon see some good price swings, analysts advise that investing early in new projects will bring you a more significant profit. Flasko (FLSK) Will Surpass Polymatic (MATIC) And Uniswap (UNI) Let's see why crypto experts predict the newcomer Flasko will be a better investment than Polygon (MATIC) and Unsiwap (UNI) in 2023. Flasko is now in Stage Two of its presale, and we can say that it is a hit. It aims to bring together crypto enthusiasts and the $13.4 trillion alternative investments industry. On the Flasko platform, you may purchase and trade fractionalized NFTs, genuine luxury investments in the most premium, continually appreciating bottle spirits. With a 100% NFT purchase, you may even get the asset backing the NFT sent to your neighborhood, free shipping included! There are three VIP categories for early investors: the whiskey, wine, and champagne clubs. Each of these tiers offers a variety of benefits, including exposure to 75 unique NFTs and entry to several champagne-tasting events globally. Another plus in Flasko’s book, it passed a thorough audit by the famous German-based auditing company Solid Proof. Flasko will also lock liquidity for three decades which proves that the team is in it for the long run. According to cryptocurrency specialists, investing in the Flasko token now will increase your profits by 30x in 2023. With a price of just $0.085, now is the ideal time to invest in this potential top-10 cryptocurrency. If you wish to take part in this project, follow the links below: Website: https://flasko.io Presale: https://presale.flasko.io Telegram: https://t.me/flaskoio Twitter: https://twitter.com/flasko_io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
1 day agocointelegraph
Price analysis 11/25: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI
Bitcoin and most major altcoins are witnessing a relief rally but higher levels are likely to attract strong selling by the bears.
1 day agocoindesk
Matrixport Favors 'Systematic Bitcoin Call Overwriting' Strategy for 2023
The strategy involves owning bitcoin while selling weekly call options with strike prices above the market level.
3 days agocryptodaily
New York Signs Moratorium on Cryptocurrency Mining
New York has become the first state in the United States to impose a temporary moratorium on any new fossil fuel-powered cryptocurrency mining activities. New York Governor Kathy Hochul signed a law on Tuesday a two-year moratorium on proof-of-work (PoW) cryptocurrency mining operations. The law states that for the next two years unless a PoW mining operation uses 100% renewable energy, it will not be allowed to renew or expand permits and will not allow any new entrants to come online. According to reports by Decrypt, a memo for the bill reads: The law will prohibit Environmental Conservation Law permits from being issued for two years to proof-of-work cryptocurrency mining operations that are operated through electric generating facilities that use carbon-based fuel. The Bill was first approved by the New York State Assembly in April and passed in June by the State Senate. Hochul explained her motivation for the bill explaining that the move is “a key step for New York as we work to address the global climate crisis.” She added that she is eager to “ensure that New York continues to be the center of financial innovation, while also taking important steps to prioritize the protection of our economy.” Crypto mining is the process by which miners generate new blocks and are rewarded for that. It makes up a crucial part of the crypto economy but PoW-based mining requires powerful computers to solve mathematical equations to validate transactions and have thus naturally come under the concern of many environmentalist which have raised concern over the alleged negative climate impact. A PoW consensus mechanism is what underpins Bitcoin and many other popular cryptocurrencies such as Litecoin, Dogecoin, Monero, and Ethereum Classic. Ethereum, the second-largest cryptocurrency until recently utilised a PoW consensus mechanism but transitioned over to a less energy-intensive proof-of-stake (PoS) model. Hochul commented on regulator's responsibility toward climate protection adding: I am signing this legislation into law to build on New York’s nation-leading Climate Leadership and Community Protection Act, the most aggressive climate and clean energy law in the nation, while also continuing our steadfast efforts to support economic development and job creation in upstate New York. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
3 days agocryptodaily
Flasko (FLSK) Is Expected To Surpass Binance Coin (BNB) And Polygon (MATIC) By 2023
The years 2021 and 2022 haven’t been kind to crypto investors. Some cryptos fell more than 90% in 2022, with no hope of rising. Since there have been a lot of ups and downs (mostly downs) in the crypto market, even big names in the crypto industry, like Binance Coin (BNB) and Polygon (MATIC), have begun losing investors to none other than the unique Flasko initiative. Investors Who Bought Binance Coin (BNB) Are Shifting Binance Coin (BNB) has been around for a while in the cryptocurrency market, and as its name implies, its primary ties are to Binance, the biggest cryptocurrency exchange in the world. While the initial goal of Binance Coin (BNB) was to be a discount token for usage on the Binance Smart Chain, its value has soared over the years. Binance Coin (BNB) pleased investors by hitting a high of $690 before plummeting by more than 60%. It is the hope of many that one day a pump like that will be installed there again. Binance Coin (BNB) investors are now selling Binance Coin (BNB) tokens and buying into the Flasko presale as it shows more promise for growth. Polygon (MATIC) Faces Difficulty In Reaching $1 Again Polygon (MATIC) is an Ethereum layer-2 scaling solution. Polygon (MATIC) enables users to conduct Ethereum (ETH) transactions off-chain, drastically reducing the cost of both transactions and gas prices. In addition, despite the growing excitement around the Ethereum (ETH) integration, Polygon (MATIC) has maintained its excellent form over the summer. After leading the current comeback in crypto prices over the last month, the price of a token for the blockchain platform Polygon (MATIC) is again challenging the $1 threshold. Despite the much smaller profit potential from Polygon (MATIC) compared to altcoins like Flasko, investors who purchased the drop in Polygon (MATIC) remain confident about the token's prospects. Flasko (FLSK) Is The Future Flasko is an upcoming NFT platform that provides crypto enthusiasts a unique opportunity to invest in expensive bottles of wines, champagnes, and whiskeys as fractionalized NFTs. Moreover, if an investor purchases the whole NFT of a bottle, Flasko will get that bottle delivered to them without additional charges. The Flasko presale has been extremely successful. The token presale price is now at $0.085, as the second stage of the Flasko presale begins. Industry analysts believe it will climb to the $2.50 mark by January 2023. Flasko has been successfully audited by Solid Proof, and the platform’s liquidity will be locked for 33 years. If you are interested in the Flasko presale then check out the links below. We believe this could an opportunity to invest early into a very promising project, this is always where the largest gains are made. Website: https://flasko.io Presale: https://presale.flasko.io Telegram: https://t.me/flaskoio Twitter: https://twitter.com/flasko_io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
4 days agocryptodaily
Senators Urge Fidelity to Drop Bitcoin Retirement Offering
United States Senators on Monday issued yet another letter to Fidelity Investments, urging it to reconsider offering Bitcoin to its customers following the total collapse of cryptocurrency exchange FTX. On Monday, Senators Elizabeth Warren of Massachusetts, Tina Smith of Minnesota, and Richard Durbin of Illinois addressed a letter to CEO Abigail Johnson requesting that investment giant Fidelity Investment drop its 401(k) Bitcoin plan. The three senators cited the fall of the crypto exchange FTX as the reason for the $4.5 trillion asset management firm to revise its Bitcoin offering to retirement savers. Senators Warren and Smith in July sent a letter to Fidelity commenting that the offering was a bad idea. In the latest letter, Senator Durbin joined the request. Monday’s letter said: Once again, we strongly urge Fidelity Investments to reconsider its decision to allow 401(k) plan sponsors to expose plan participants to Bitcoin. Adding, The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly clear the digital asset industry has serious problems. The letter further remarked: The industry is full of charismatic wunderkinds, opportunistic fraudsters, and self-proclaimed investment advisors promoting financial products with little to no transparency. The Senators continued by saying: Since July, when we last raised concerns with you about the deeply concerning prospect of exposing workplace retirement plans to Bitcoin, its value has plummeted. While the full extent of the damage caused by FTX continues to unfold, the contagion is being felt across the broader digital asset market. Bitcoin is no exception. Adding: Since our previous letter, the digital asset industry has only grown more volatile, tumultuous, and chaotic—all features of an asset class no plan sponsor or person saving for retirement should want to go anywhere near. The Senators voiced their concerns over a retirement security crisis that already exists in the U.S. and said that Fidelity should not be exposing its customer’s retirement savings to an “unnecessary risk.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4 days agocryptodaily
Orbeon Protocol (ORBN) rapidly sells out its first stage of the presale, Monero (XMR) and BinaryX (BNX) prices bounce back from lows
Orbeon Protocol (ORBN) is selling out its presale as the price has already more than doubled, with multiple analysts expecting total returns of more than 60x. ORBN is here to make investing in startups accessible to everyone. Monero (XMR) and BinaryX (BNX) have bounced back from recent lows but still struggle to find a footing. >>BUY ORBEON TOKENS HERE<< Orbeon Protocol (ORBN) Orbeon Protocol provides a platform for emerging enterprises seeking funding to bypass established channels such as venture capital firms and crowdfunding platforms and instead appeal directly to the crypto community. Startups are minted as fractionalized NFTs, representing equity in the company, and can be purchased for as low as $1. This is a first for the everyday investor. Never before have small-scale investors had access to exciting, fresh investment opportunities generally reserved for those only able to invest millions. The blockchain technology of Orbeon Protocol also makes investment safer and more transparent for investors. For example, its smart contract "fill or kill" automatically refunds investors if firms fail to meet their investment target. ORBN, the native token of the Orbeon Protocol, is now accessible during the presale phase, which began at the end of October and will run through three phases through the end of January 2023. Analysts believe the cryptocurrency can grow 60x in a couple of months, from $0.004 to $0.24. Orbeon Protocol is leading the way in a crypto industry still battling back. The ORBN token is still in the presale phase and is now trading at $0,014. Monero (XMR) Monero (XMR) is a one-of-a-kind cryptocurrency because it provides security. Monero (XMR) obscures its user's personal information and transaction details. This is accomplished through advanced algorithms, providing users with complete anonymity when doing transactions. Monero (XMR) is a privacy-focused cryptocurrency with regular Decentralized Finance (DeFi) functionalities and is one of the industry's quickest cryptocurrencies. The Monero blockchain uses the Proof-of-Work (PoW) consensus mechanism. This helps XMR achieve low transaction fees and sustain up to 1,700 transactions per second. Monero is one of the largest cryptocurrencies on the crypto market. Thanks to its mix of anonymity and quick transaction rates, it has a significant and dedicated user base with minimal costs. Clients can use Monero (XMR) to conduct untraceable transactions in the dark. The components that enable these private and secure transactions include a ring signature, transaction mixing, secret ring transactions, and stealth addresses. XMR has 18,2 million tokens. BinaryX (BNX) BinaryX (BNX) is a game that allows you to earn prizes while gaming by utilizing cryptocurrency and blockchain technologies. Playing this game, you can use the marketplace to trade with other players and auction off your in-game goods for cryptocurrencies. BinaryX (BNX) also focuses solely on the fantasy gaming genre and does not offer a wide range of game genres. This may limit its attractiveness to some players. BinaryX (BNX) is merely a notion for a fascinating game, not a blockbuster game, as most people expect. BinaryX (BNX) is losing ground in the market. It lacks the level of recognition or network effect some of the other ventures in this sector have. Furthermore, its emphasis on gaming may not be appealing to many. In order to increase its market share BinaryX (BNX) must build brand awareness and offer more games. They compete with well-known blockchain games and centralized games from gaming behemoths such as Playstation, Xbox, and Nintendo. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register Telegram: https://t.me/OrbeonProtocol Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
4 days agocryptodaily
AAG Partners With Simplex To Bring Fiat On-ramping To MetaOne® Wallet
SG, Singapore, 22nd November, 2022, ChainwireAAG, developers of the new user focused digital wallet MetaOne&reg;, has tapped Simplex to integrate convenient fiat on-ramps into its product. Through this collaboration, MetaOne&reg; users, many who never previously owned cryptocurrency, can seamlessly and safely acquire digital assets all within the wallet. Every user of the MetaOne wallet will have the ability to purchase supported cryptocurrencies. MetaOne&reg; is a digital and unique crypto wallet built by AAG that suits the needs of novices and experienced users. There is a substantial emphasis on security, safety, and efficiency, without compromising convenience. Integrating Simplex's payment solutions into MetaOne&reg; makes acquiring cryptocurrencies and NFTs more accessible. Simplex has a stellar reputation in the digital payment space and provides support for credit and debit cards, which are the most commonly used payment vehicles globally. Thanks to the Simplex integration, users can conveniently buy Bitcoin, Ethereum, Harmony, and Polygon (MATIC). MetaOne&reg; supports any cryptocurrencies on Bitcoin, Ethereum, Harmony, and Polygon networks (with ongoing support for additional blockchains starting in December) and is also compatible with non-fungible tokens (NFTs), smart contracts, and more. It can be seen as a digital passport to traverse the metaverse and Web3. The integration will also enable the purchase of the AAG token ($AAG) directly via Simplex payment gateway. &ldquo;By partnering with Simplex, users will no longer have to go outside of our MetaOne&reg; wallet to buy crypto,&rdquo; said Jack Vinijtrongjit, co-founder and CEO of AAG. &ldquo;It&rsquo;s part of our mission to make it easy to onboard novices to the Metaverse and Web3 by giving them all the tools they need to do so in one place. Thanks to this partnership, users will be able to start buying cryptocurrency &ndash; as well as our own AAG Token &ndash; using their credit and debit cards within minutes. It&rsquo;s an important milestone in our mission of onboarding 1 billion users to the Metaverse by 2030.&rdquo; "We are excited to be the trusted payment partner of AAG Ventures, making it easy for their audience to buy AAG tokens and other cryptocurrencies, all within their MetaOne&reg; Wallet app" - said Dror Ben Eliyahu, Simplex's Head of Business Operations. "AAG provides the complete Web3 infrastructure for new and experienced users alike. For us at Simplex it was a natural fit to support AAG's users with a seamless payment experience, fueling a painless onboarding process and mainstream DeFi adoption globally" - he added. The name MetaOne&reg; has ties to the metaverse. The wallet will provide a seamless experience-driven user experience and bring economic opportunities throughout the metaverse. In addition, it serves as a one stop shop wallet, providing a multitude of services geared toward new digital asset holders all conveniently placed within the wallet. As part of its mission to welcome the next one billion users to crypto, the MetaOne&reg; Wallet includes the MetaOne&reg; Dapp Store, a curated list of projects across the ecosystem that aims to guarantee safety from scams and offer an easy way for newcomers to the industry to discover the best of what Web3 has to offer. In order to educate the next billion web3 users, AAG has built the AAG Academy. Offering user-friendly, jargon-free reading materials about core Web3 concepts, AAG Academy seeks to be the ultimate learning resource for the Web3 era. AAG Academy will offer dozens of detailed articles in multiple languages, and a support network to encourage group learning via AAG Community social media, allowing learners to ask questions and join in discussions with others also on the learning journey. About AAG AAG is a web3 infrastructure company focusing on providing software that helps simplify interactions with blockchain applications and the Metaverse for mainstream users and traditional companies. AAG provides a secure and easy-to-use crypto wallet, as well as infrastructure software, such as a cross-chain search engine and GameFi SDK for enterprise companies. With the belief that education is the key to unlock the potential of web3, AAG is also exploring the concept of Learn-and-Earn with the mission of enabling economic opportunities worldwide via the Metaverse economy. AAG aims to bring 1 billion people into the Metaverse economy by 2030. About Simplex Simplex is the fiat/crypto infrastructure for the entire world. An EU-licensed financial institution, Simplexaims to change the status quo of the current crypto markets by providing simple, seamless, and secure channels to convert over 100+ fiat currencies to 170+ cryptocurrencies. Simplex has been actively supporting existing and new protocols in the industry, nurturing and expanding its portfolio of supported cryptocurrencies.ContactTal [email protected]
4 days agocryptodaily
FTX Hacker Dumps ETH On Markets, Price Plummets
Users affected by the FTX collapse now have another major problem to deal with, as it emerged the hacker responsible for the subsequent hack has begun manipulating the price of ETH. As a result of the hacker dumping ETH on the market, the price of the asset fell by over 7% in just a few hours. Hacker Moving Funds The hacker behind the attack on the FTX exchange has started offloading millions of dollars worth of ETH, resulting in a dramatic drop in the price of the cryptocurrency. The hacker had gotten away with nearly $300 million worth of crypto and, at the time of writing, was the 35th largest holder of ETH in the world. Chainalysis broke the news of the stolen funds being on the move again and urged exchanges to be alert in case the hacker tried to cash out. &ldquo;Funds stolen from FTX are on the move, and exchanges should be on high alert to freeze them if the hacker attempts to cash out.&rdquo; On Sunday, the hacker moved 50,000 ETH, worth over $59 million, to a new address. The receiving address swapped the ETH for renBTC, a type of BTC that can run on the Ethereum blockchain. After this, the address made separate transfers totaling around $59 million, according to data from Etherscan. According to on-chain researcher ZachXBT, the hacker is using the Ren Bridge to move the renBTC to the Bitcoin blockchain. This is the latest development stemming from the fallout of the FTX exchange that has gripped the cryptocurrency markets. ETH Plummets With the hacker dumping ETH on the market, the cryptocurrency price dropped by nearly 3% in the past 24 hours. On the other hand, Bitcoin was down only by 0.6%. Currently, the price of ETH is down by 3.09%, with the asset trading at $1099. According to available data, the hacker still possesses around 200,735 ETH, worth nearly $236 million at current prices. The hacker&rsquo;s wallet was first identified by crypto sleuth ZachXBT on the 11th of November. FTX Issues Statement FTX issued a statement urging cryptocurrency exchanges to be on high alert and secure any funds they can, which can be traced back to the hacker. Any funds recovered could be used in the bankruptcy proceedings. FTX tweeted, &ldquo;Exchanges should be aware that certain funds transferred from FTX Global and related debtors without authorization on 11/11/22 are being transferred to them through intermediate wallets. Exchanges should take all measures to secure these funds to be returned to the bankruptcy estate.&rdquo; The trades in question came after the hacker sold a host of crypto assets, such as the DAI stablecoin, Synthetix&rsquo;s SNX, Aave&rsquo;s AAVE, LINK, and several other assets for ETH on the CowSwap exchange. The largest of these trades was a $48 million swap of DAI for ETH. The Securities and Exchange Commission of the Bahamas also issued a statement on the 12th of November, stating that it was facilitating the withdrawal of Bahamian funds. This led to significant speculation that the flow of funds from FTX on the 11th of November was the handiwork of the Securities and Exchange Commission of the Bahamas. However, this was refuted by ZachXBT, who tweeted, &ldquo;The first clue that 0x59 was a blackhat and neither Bahamian officials nor FTX team was when 0x59 began selling tokens for ETH, DAI, and BNB and using a variety of bridges so crypto couldn&rsquo;t be frozen on 11/12.&rdquo; Ethereum Users Appeal For Help Some Ethereum users have started sending coded messages to the hacker, asking for a share of the stolen funds. One user appealed to the hacker, stating they had lost a significant sum due to the FTX collapse, asking the hacker to reimburse them. The user in question sent multiple small transactions to the hacker&rsquo;s address in an attempt to catch their attention. Several other Ethereum users tried the same trick to get the hacker&rsquo;s attention. Whether they were successful or not remains to be seen. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4 days agocointelegraph
Hong Kong believes stablecoin volatility can spillover to traditional finance
According to Hong Kong’s central bank, the interconnection of crypto assets has made the crypto ecosystem more vulnerable to systematic shocks.
5 days agocointelegraph
Price analysis 11/21: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT
Crypto markets have started the week on a weak note, suggesting that buyers remain skeptical about buying any significant dips.
6 days agocryptodaily
Vitalik Buterin Warns Against Singapore’s Approach to Crypto
Ethereum co-founder, Vitalik Buterin, recently commented on Singapore&rsquo;s ambition to become a digital asset hub saying that it might not work out due to the country&rsquo;s skeptical attitude towards cryptocurrencies. During a video interview with The Strait Times published on Sunday, Buterin said the city-state&rsquo;s &ldquo;willingness to make a distinction between blockchain usage and cryptocurrency is like one of those weird things.&rdquo; Adding, The reality is if you don&rsquo;t have cryptocurrency, blockchains that you&rsquo;re going to have are just fake and nobody&rsquo;s going to care about them. Singapore is currently seeking to clamp down on retail-investor access to cryptocurrency trading in an attempt to reduce risks to consumers from the market&rsquo;s volatility. In October, the country unveiled proposals to restrict customers&rsquo; participation in digital assets, including introducing a ban on small investors from borrowing to fund coin purchases. Buterin&rsquo;s Advice on How To Deal With the Crypto Winter During the interview, Buterin also offered up some advice to investors on how to deal with the ongoing bear market, saying that cryptocurrency market participants should invest in &ldquo;simpler stuff.&rdquo; Buterin urged investors not to trust &ldquo;individual hotshots.&rdquo; He also added that his investment strategy is not to speculate on cryptos and rather prefers to &ldquo;buy and hold things,&rdquo; saying that he does not even track the price of Ethereum very closely. Commenting on issues within the crypto community he said that one of his main issues with the Bitcoin community in particular is that its members &ldquo;automatically&rdquo; love everyone rich and powerful who supports Bitcoin. Recently, Buterin famously made the remark that cryptocurrencies are a &ldquo;better bet" than gold, slamming gold as &ldquo;incredibly inconvenient&rdquo; and &ldquo;difficult to use, particularly when transacting with untrusted parties.&rdquo; He further argued that gold does not &ldquo;support safe storage options like multisig&rdquo; stating that &ldquo;gold has less adoption than crypto, so crypto is the better bet.&rdquo; Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
7 days agozycrypto
FTX’s Collapse Triggers Dramatic Shift Towards Self-Custody For Bitcoin, Ethereum
Crypto holders have been reacting to the dramatic collapse of FTX by withdrawing their Bitcoin, Ethereum and other cryptocurrencies from exchanges to self-custody wallets.
8 days agocointelegraph
Price analysis 11/18: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, UNI, LTC
Bitcoin and select altcoins are struggling to rise above their immediate resistance levels, indicating that bears remain in full control.
8 days agocryptodaily
Join Coco’s Carnival Now and Win Up To $2,100,000 or a TESLA
The World Cup fever starts to hype up in Qatar. As one of the sporting industry's most anticipated major football leagues, fans are excited about the intense competition among the participating teams. This year, the World Cup will have 64 intense matches in different cities in Qatar, the first country in the Middle East to host such an event. The World Cup becomes more intense with the addition of BC.GAME. The Argentine Football Association recognizes the crypto casino platform as its crypto casino sponsor. BC.GAME is set to support the Argentine national team in its upcoming games. Due to this, the crypto-gambling platform will be able to reach wider audiences all over the world &mdash; the partnership between BC.GAME and AFA will provide football punters with an exciting experience of the 2022 Fifa World Cup. BC.GAME is offering promotions to its players throughout this year's World Cup. Here are the promotions where BC.GAME offers players a chance to win up to $2,100,000 or a Tesla. Coco's Carnival is a separate page created by BC.GAME for World Cup fans and sports bettors. World Cup All-Winner Predictions BC.GAME offers a $100,000 prize pool for those who submit their World Cup predictions before November 26, 2022. Sports bettors are to place their predictions on the winners of each group. From the winners of the knockout rounds, players will predict who will be this year&rsquo;s world champion. Players with VIP 4 and above are eligible to join this promotion. They are welcome to participate for free and must submit their predictions by November 26, 2022, at 00:00 UTC. The prediction platform will automatically close on the specified deadline. Any submissions made beyond the deadline will be considered ineligible. To win a share of the prize pool, the predictions made by a player must be accurate. If more than one player makes the same prediction, the prize pool will be divided equally. Only one player per household is allowed to join the game. As part of BC.GAME&rsquo;s policy, multiple claims or players with combo bets will be disqualified from the promotion. Upcoming World Cup Promotions from BC.GAME BC.GAME will release the details of the other two promotions soon, offering a $2,100,000 prize pool and a Tesla. Players can access the game details for $2,100,000 from November 20, 2022, until December 19, 2022. Players interested in joining Coco&rsquo;s Tesla Giveaway may access the promotion&rsquo;s details from November 20, 2022, until December 10, 2022. AFA and BC.GAME Partnership The global partnership agreement of these big names will open a way for crypto-casino gamers and football fans to enjoy both the benefits of cryptocurrency and the excitement of football matches. Both brands are committed to providing revenues on both ends. The partnership will focus not only on the World Cup but also on the upcoming leagues in which AFA is participating. AFA and BC.GAME are seeking engagements with Argentine team members and crypto casino players. According to AFA, their partnership with the winner of the 2022 Crypto Casino of The Year award is an opportunity for fans and players to embrace the emerging technology of the blockchain industry. With the help of BC.GAME, AFA will be able to create digital products as their other source of income. About BC.GAME BC.GAME is a crypto gambling platform that offers various online casino games, live casinos, and sports betting opportunities. The platform has been around for 5 years and holds a Curacao license for operation. With its integration of cryptocurrency and blockchain technology, players will have access to the benefits provided by both technologies. The crypto-gambling platform is not only accessible on a computer. Players who wish to bet can also access it through their smartphone&rsquo;s mobile browser since the site&rsquo;s interface is compatible with mobile phones. Now that the website has been redesigned, it offers more features that should be enjoyed by all its players. Sports betting is now included in its gaming portfolio. People who wish to bet on major leagues, especially the upcoming World Cup, are offered different promotions and bonuses. The platform is also open to receiving fiat currencies aside from the cryptocurrencies it currently supports. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
10 days agocointelegraph
Price analysis 11/16: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, UNI, LTC
The recovery in BTC and altcoins fizzled out fast, suggesting that investors continue to maintain a risk-off stance to all cryptocurrencies.
11 days agocoindesk
Bahamian Supreme Court Approves Liquidators for FTX Assets
Authorities in the Bahamas, where Sam Bankman-Fried's FTX was headquartered, are investigating the exchange's dramatic collapse for criminal misconduct and breach of securities laws.
12 days agocointelegraph
SEC wins LBRY case, but the victory may have little impact in the greater cryptoverse
Although it was quickly overshadowed by more dramatic events, the LBRY case is a rare instance of a crypto related unregistered securities complaint going to court.
14 days agocoindesk
Tether Blacklists Mysterious FTX Wallets as Account Drainer Liquidates MATIC, LINK, AVAX Holdings
The exchange’s public wallets hold just over $52,000, data shows.
15 days agozycrypto
Polygon, Cardano, and Solana — Top 3 Altcoins On The Cusp Of Meteoric Boost In Q4 2022
The crypto market has a few crypto assets looking poised for a stellar breakout in adoption and price performance and are worth looking out for in November and December. Among these are Polygon (MATIC), Cardano (ADA), and Solana (SOL).
15 days agozycrypto
Polygon, Cardano, and Solana — Top 3 Altcoins On The Cusp Of Stellar Boost In Q4 2022
The crypto market has a few crypto assets looking poised for a stellar breakout in adoption and price performance and are worth looking out for in November and December. Among these are Polygon (MATIC), Cardano (ADA), and Solana (SOL).
16 days agocoindesk
‘Never Let a Good Crisis Go to Waste’: CFTC Commissioner Calls on Congress to Act After FTX Debacle
Kristin N. Johnson discusses the FTX fiasco and why Congress should take a pragmatic approach in closing the regulatory gap.
17 days agocryptosrus
A gloomy MATIC may put a halt to investor enthusiasm around Polygon because…
Over the last few months we have seen Polygon’s rapid growth beyond the scope of an Etthereum layer 2. Polygon has been focused on becoming a key player in the Web3 space and its latest update reveals just how big of a role it might play in the future. Here’s how #Polygon is at the […] The post A gloomy MATIC may put a halt to investor enthusiasm around Polygon because… appeared first on CryptosRus.

About Polygon

The live price of Polygon (MATIC) today is 0.851592 USD, and with the current circulating supply of Polygon at 8,734,317,475.28 MATIC, its market capitalization stands at 7,438,072,487 USD. In the last 24 hours MATIC price has moved 0.002446 USD or 0.00% while 132,520,264 USD worth of MATIC has been traded on various exchanges. The current valuation of MATIC puts it at #10 in cryptocurrency rankings based on market capitalization.

Learn more about the Polygon blockchain network and how it works or follow the price of its native cryptocurrency MATIC and the broader market with our unique COIN360 cryptocurrency heatmap.

Polygon, formerly known as the Matic Network, was created in 2017 by Jaynti Kanani, Anurag Arjun, Sandeep Nailwal, and Mihailo Bjelic. 

The project was designed to solve the various issues plaguing the Ethereum network (speed, cost, low throughput, etc.) and aims to provide a simpler framework for creating interconnected networks that improve Ethereum's scalability, efficiency and functionality without compromising on security.

The Matic Network was rebranded to Polygon in February 2021, but its native token is still referred to as MATIC. The network is classified as a Layer-2 solution for Ethereum and operates as a sidechain to improve speed and reduce the cost of transactions.

In 2021 Polygon launched Polygon Studios, a subsidiary of Polygon which focuses on non-fungible tokens (NFTs) and blockchain gaming.

Jaynti Kanani, who came up with the original idea for Polygon, serves as CEO of Polygon, with Ryan Watts resigning as Youtube's head of gaming to fill in the position of CEO at Polygon Studios in January 2022. 

MATIC price

The MATIC cryptocurrency went live in 2019 — two years after the Polygon network was founded. 

MATIC price in USD terms saw steady growth during 2020, but its biggest spikes came during 2021. According to our MATIC live price chart, the token went from under $0.02 to over $0.54 — a 3,070% increase — between Jan. 1 and March. 11, 2021.

The next big jump in the price of MATIC was seen between April. 18 and May. 18, 2021, where it went up more than 900% to set a new all-time high price of $2.7.

However, MATIC/USDT price fell sharply along with the entire crypto market in July of 2021, where it traded at $0.62 at the lowest point.

MATIC was seen gaining traction again in October of the same year, and after some price volatility, it managed to set another all-time high in December 2021, trading just above $2.92. At that point, MATIC’s fully diluted valuation reached $292 billion.

How MATIC works

Polygon is a Layer-2 network, which works alongside the Ethereum blockchain as a sidechain. Sidechains take a lot of the load off the main chain by processing transactions internally and only broadcasting snapshots to the original blockchain.

For developers, Polygon provides ease of migration by supporting EVM (Ethereum Virtual Machine), which allows code from Ethereum DApps to be seamlessly deployed on Polygon.

Unlike Ethereum, however, Polygon uses the proof of stake (PoS) mechanism where validators can stake MATIC tokens to validate transactions and upgrades.

MATIC news, updates, and highlights

Polygon saw a lot of success in early 2021 when the crypto market as a whole was peaking. In May 2021 U.S. billionaire Mark Cuban made an investment in Polygon, adding the India-based blockchain company to his portfolio. On Cuban's website, Polygon is referred to as “...the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development”

While the crypto market slumped by mid-year, MATIC's value soared again in December when the company announced that it would be unveiling a new Javascript library, dubbed MATIC.js. This pushed MATIC price to $2.4, setting a new six-month high. 

In December 2021, Polygon and Wanchain announced a strategic partnership to build a Layer-2-to-Layer-2 cross-chain bridge. By the end of December, Uniswap, one of the leading decentralized exchanges on Ethereum, had also launched a version on the Polygon network. This allowed users to swap tokens on Uniswap via the Polygon Layer-2 network, benefiting from cheaper and faster transactions. 

These positive announcements saw MATIC beating its previous max price by setting a new all-time high of $2.92 on Dec. 27, 2021.

Frequently asked questions about MATIC

  • Can you mine or stake MATIC?

Since MATIC is a Proof-of-stake (PoS) token you cannot mine it. Instead, validators can set up nodes on the MATIC network and collect transaction verification rewards.

  • What are some of the best MATIC wallets?

MATIC is supported by a variety of wallets, Trust Wallet and MetaMask being the more popular web wallets, and Ledger and Trezor among the best hardware wallets.

  • What can you do with MATIC?

You can use MATIC for staking and paying for transaction fees or use it to govern and secure the Polygon network. MATIC can also be used to trade against other cryptocurrencies like Bitcoin and Ethereum.

  • How do you buy MATIC?

Polygon (MATIC) can be bought by exchanging your BTC, ETH, or USDT through an exchange like HitBTC, or by using fiat currency on exchanges like Nexo or eToro.

Polygon Price0.851592 USD
Market Rank#10
Market Cap7,438,072,487 USD
24h Volume111,109,310 USD
Circulating Supply8,734,317,475.28 MATIC
Max Supply10,000,000,000 MATIC
Yesterday's Market Cap7,393,688,000 USD
Yesterday's Open / Close0.844064 USD / 0.84651 USD
Yesterday's High / Low0.86617 USD / 0.841885 USD
Yesterday's Change
0.00% ( 0.002446 USD )
Yesterday's Volume132,520,264 USD
Select...
/
Select...
Powered by  Cryptocurrency prices in USD, market cap, volume
Sorry, no liquidity for this pair
Community
Source Code
Arrow icon