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Cryptocurrencies/Coins/Polygon (MATIC)
Polygon price, market cap on Coin360 heatmap

Polygon(MATIC)

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$0.929219
(-3.31%)
0.00003909 BTC
Market Cap (Rank#14)
$7,466,557,907
314,127 BTC
Vol 24h
$155,125,732
6,526 BTC
Circulating Supply
8,035,303,945.28
Max Supply
10,000,000,000
3h agocryptodaily
Huh Network To Join Cardano, Polygon As EVM-Compatible Blockchain
Regarding interoperability, EVM compatibility is a blockchain function that most protocols should consider integrating into their system. The primary role of the EVM in the Blockchain network is to introduce several additional functionalities to ensure that the user experience is improved. Better experiences in terms of faster transactions, higher capacity, lower gas fees, and more. With new and existing protocols integrating EVM, we might be closer to a better scalable network than we thought. Cardano(ADA) recently launched a layer two solution, an EVM sidechain, to increase scalability for projects building on the network. A customized scaling solution for Ethereum was also made available by Polygon(MATIC) under the name zkEVM. Through this new scaling solution, programmers can easily deploy Ethereum smart contracts that scale infinitely and reduce fees. The HUH Network(HUH) is a brand-new cryptocurrency with an EVM-compatible base layer blockchain that quickens the network's adoption rate and makes it simple for developers and creators to join from other networks. Build It And They Will Come – Cardano(ADA) Cardano (ADA)is a decentralized system that processes transactions securely and efficiently. As one of the fastest growing communities in the blockchain ecosystem, more dApps and DeFi products are expected to build Cardano. With this comes an intense need for better scaling solutions. The Cardano(ADA) project launched a layer two solution or EVM sidechain to increase the ease of having developers build on the network. With the EVM sidechain, the Solidity developer community can create DApps on a less expensive, more energy-efficient platform than proof-of-work blockchains. The EVM sidechain is a permissionless, secure, efficient network for users. Today, Cardano’s(ADA) price is $0.47, with a 24hr trading volume of $683 million and a market cap of $15.9 billion. Multiple Sides To This Platform – Polygon(MATIC) Polygon(MATIC) is a decentralized Ethereum scaling platform that believes in web3 for all. It is the first user-friendly platform for scaling Ethereum and creating infrastructure. The network's primary component is the Polygon SDK, a modular, adaptable framework that facilitates the creation of various applications. The network introduced zkEVM, a proprietary scaling solution compatible with Ethereum, which will enable developers to implement better Ethereum smart contracts. Most networks in the blockchain ecosystem are focused on better-decentralized user experience and optimization. The zkEVM, according to Polygon, is "the future of scaling Ethereum." zkEVM is a Layer-2 protocol that collects a large batch of transactions and "proves" them all to Ethereum with a single ZK validity proof. Putting The ‘Hu’ In Humble Brag – HUH Network(HUH) The HUH network(HUH) is an interconnected metaverse that is community-driven and decentralized. It is a social blockchain in which innovators can create and build unique and functional applications that scale and are secure. The scalability of current blockchain solutions makes them expensive, slow, and inefficient. HUH network(HUH) will adopt the Proof of Stake consensus solution, the newest and most cutting-edge available, to address scalability issues. This will make it possible for users to have faster and more secure transactions within the ecosystem. Creators, users, and innovators won't have to worry about the present cryptocurrency gas fees, thanks to the network's minimal transaction expense. The HUH network(HUH) will also introduce a base layer blockchain compatible with EVM. With this, any project currently running on other EVM-compatible blockchains can be seamlessly integrated, making more dApps and smart contracts compatible with the system. This design strategy accelerates the network's adoption rate, and developers from other networks can easily join. The presale will start soon, and users can buy at discount prices. When you buy your HUH token with BND, you'll get a 15% discount and an additional 8% discount at the first stage of the presale. Find out more about the HUH network using the links below: HUH Exchange Presale: https://presale.huh.social/ Website: https://www.huh.social/ Telegram: https://t.me/HuHToken Twitter: https://twitter.com/HuhToken Disclaimer: This is a sponsored pressrelease, andis 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
21h agocryptodaily
Former Navy SEAL and Author Willard Chesney Joins CBS SEAL Team Actor Justin Melnick With NFT Collection Release On The ReserveBlock RBX Network Proceeds To Benefit The Boot Campaign
Miami, United States, 16th August, 2022, ChainwireFormer Navy SEAL Operator and Author Willard Chesney, the dog handler on the historic raid on the Osama Bin Laden compound, along with Justin Melnick, who plays Navy SEAL dog handler ‘Brock Reynolds’ on the CBS hit television series SEAL TEAM, are banding together to release an exclusive NFT collection utilizing the ReserveBlock RBX Network (reserveblock.io) protocol with a portion of the proceeds benefiting The Boot Campaign. This exclusive NFT series will each come with special unique digital and physical mementos as well as digitally paired with personal experiences with both Chesney and Melnick and will be directly offered from their digital wallets to anyone who wishes to participate. Chesney, served as a SEAL Team Operator and handler for Military Working Dog (MWD) Cairo, the only dog on the team that executed Operation Neptune Spear. This infamous operation resulted in the elimination of Osama Bin Laden and ended an eight-year campaign to capture or terminate the renowned terrorist. Chesney, who served as both an Assaulter and Dog Handler at NSW DEVGRU (SEAL Team Six) is also the recipient of the Silver Star and Purple Heart, as well as the author of the best-selling book “No Ordinary Dog”, published through St. Martin’s Press. While this gripping and emotional memoir details Chesney’s working relationship with Cairo through multiple deployments, it also memorializes how he saved Chesney’s life in more ways than one. Will now works to help veterans who have suffered from traumatic brain injury. “I always knew I wanted to serve and serving in the SEAL Teams was my life’s goal. I never dreamt I’d be lucky enough to become a dog handler in the Teams. My dog Cairo was a special animal with a special soul – he truly was part of our team just like any other operator. To be able to continue to tell his story in a variety of ways and help others is the best way I know how to honor his life. While NFTs are new to me, it clearly provides a platform for me to do just that: help others and continue Cairo’s legacy,” said Chesney. Partnering with Will is CBS SEAL Team actor Justin Melnick, who has also served his community as a police officer prior to his career in television. On the show, Justin plays the role of ‘Brock’ the Team’s dog handler, alongside his Belgian Malinois named Dita. Justin has spent many of his recent years contributing time and personal resources to several veteran causes and has also worked closely with Chesney on different training exercises with their Malinois. “Playing Brock on SEAL Team has given me an even deeper perspective of our incredible heroes. My admiration for what they do, is beyond measure”, said Melnick. “They’ve given so much to this country, and I’m proud to play one of these heroes on TV. I can’t be more excited to launch this NFT series with Will, and look forward to connecting with like-minded people who also want to show their support for our heroes.” Launch details on this exclusive NFT Hero series will be forthcoming in September along with the series release date. About the ReserveBlock RBX Network RBX is the first open-source decentralized NFT Centric Blockchain that enables true peer-to-peer operability for the minting and trading of NFTs with or without the need for a centralized authority. With an ecosystem that provides a full suite of on-chain tools, RBX reduces common frictions and burdens by providing an environment for anyone and everyone to participate with transparent trustless features all through a core wallet or web wallet by either validating on the network and/or writing a smart contract without the need-to-know code whatsoever. The RBX network is currently in mainnet beta. For Willard Chesney, Justin Melnick, and RBX Further Inquiries: Website: reserveblock.io Discord: discord.com/invite/PnS2HRETDh Twitter: twitter.com/ReserveBlockIO Instagram: instagram.com/reserveblockio Github: github.com/ReserveBlockIO Willard Chesney: Instagram: @willcheeese & @noordinarydogbook Justin Melnick: Instagram: @justinmelnick & @ditathehairmissle ContactsChelsea [email protected]
21h agocointelegraph
Optimism fading? Regulatory discussion on stablecoins postponed until Fall
While there is no shortage of legislative initiatives to regulate stablecoins, the idea of the American CBDC remains problematic.
2 days agocryptodaily
Top Momentum Cryptos To Buy In Q3, 2022: Uniglo (GLO), Tron (TRX) And Ethereum (ETH)
If you're looking for momentum for your portfolio, then you're in the right place. Picking the right token to invest in at the right time is key. While many cryptos have their own periods of success and failure, or arguable pumps and dumps, being invested in the right ones at the right time is a hugely important factor in success. But it isn't always easy to know when is the right time for every individual coin. If it was, everyone would be rich. And the current crypto climate right now is an interesting one. It might make momentum a bit harder to find in certain coins, but it also presents huge upsides for those that manage to show success right now. They could be setting themselves up for even bigger future gains. People were predicting much worse from the current bear run, with many calling the entire crypto project over. But this was not intelligent analysis. There's a huge future in crypto still. And the overall market conditions weren't because of a loss of confidence in cryptocurrencies themselves, but rather wider market implications like high inflation, increased costs, and simply a lack of money going into the space when people have more important things to buy. But momentum is still there. It's actually been growing in certain crypto projects despite conditions. And if you jump on one of the following few tokens, you might be able to ride this momentum way higher, sorting out your portfolio's fortunes for the better. Let's look at your options right now: Uniglo (GLO) Uniglo has a ton of momentum coming out of the gates. It's still in very early stages, but purchases have been increasing and many are predicting now is the time to get involved if you want to enjoy the ride all the way to the top. GLO has a ton of interesting features that include incredible dual-burn mechanics and a system that becomes more and more scarce over time. It's fully asset-backed with an innovative vault of investments that include things like cryptos, NFTs and real-world assets, but aren't over-reliant on any one of them. This gives it true strength, and it's why momentum is on the rise. Tron (TRX) Momentum has been starting to take pace with TRX over the last few days. As an open-source blockchain that has full smart contract capability and acts as a decentralized operating system, TRX could be key in the growth of crypto. Some analysts are predicting it's about to start increasing in price, so now might be the time to check it out. Ethereum (ETH) Ethereum has had a ton of momentum in the last couple of weeks. While it did suffer losses in the bear run a couple of months ago, these weren't as dramatic as many had feared they would be. ETH showed consolidating strength, and this strength caused many to start upping their investments. This increased confidence, combined with the announced date for the merge to Eth 2.0 have caused Ethereum to continue to rebound, up in the last week and continuing to rise. While it still hasn't clawed back losses to previous all-time highs, it is looking strong. And Eth 2.0 could improve things even further, making it cheaper and faster to transact, two issues that have held it back from wider adoption. That's why momentum is clearly with ETH right now. Conclusion With ETH, TRX and GLO, you get 3 momentum tokens that could go on to massive things. You might want to take a look at them right away. Find Out More Here: Join Presale: https://presale.uniglo.io/register Website: https://uniglo.io Telegram: https://t.me/GloFoundation Discord: https://discord.gg/a38KRnjQvW Twitter: https://twitter.com/GloFoundation1 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
2 days agocryptodaily
First Web3 betting platform Dexsport launches cross-chain swaps and turbo games support
The Web3 betting platform Dexsport activated a four-part RED update. The update is aimed at increasing the liquidity circulating on the platform and improving the user experience. Four steps to get better The Dexsport mainnet was launched at the end of January 2022. Immediately after the launch, Dexsport devs started collecting user reviews, analyzing competitors and studying the peculiarities of market behavior. As a result of many months of work, the Dexsport team created a four-part upgraded RED. Its activation, according to the project team, will boost the growth of Dexsport's user number, attract additional liquidity, and simplify navigation. Each update component has its own goal. The combination of upcoming changes makes RED one of the most anticipated updates in the crypto betting market. Transformation into a multi-chain platform Dexsport now supports three blockchains: BNB Chain, Polygon, and OKC. Multichain significantly expanded the list of tokens available for users to make transactions. For example, the integration of Polygon allowed betting with Wrapped MATIC (WMATIC), while the activation of OKC gave gamers access to betting with Wrapped OKT (WOKT). Also, the emphasis on a multi-chain format expanded Dexsport's development opportunities. This update is intended to lower the barriers to liquidity flows that enter the platform economy. Integration of CrashX and DexDice turbo games As a result of the upgrade, players got the opportunity to earn even during weekends in the betting market, as these turbo games are always available. The initiative will help keep users entertained during a time of shortage in the sports arena. Developers pay attention to the fact that earnings per session in CrashX and DexDice can reach x35. This level of income makes turbo games an effective alternative to betting. Launching tools for cross-chain swaps Now Dexsport users have access to exchange over 15,000 tokens between 12 blockchains in one click directly through the platform. The integration of tools for cross-chain swaps was implemented in the partnership with the multi-chain protocol Rubic. Access to a fast swap of tokens also expanded the possibilities for betting and simplified user operations on Dexsport. Platform redesign From the user experience point of view, the platform turned out to be simpler and more intuitive. The redesign simplified Dexsport's navigation. With the update, users got access to new tools for keeping statistics, as well as a section with documents and useful articles. Dexsport is the first cryptocurrency Web3 betting platform deployed on the BNB Chain, Polygon and OKC blockchains. The Dexsport mission is to make the betting market fair and improve people's attitude towards betting with the help of Web3 technologies. The Dexsport team believes that decentralized betting is a strong channel to accelerate the adoption of cryptocurrencies in the world. 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
2 days agocryptosrus
Who is Charles Hoskinson?
Today we take a deep dive into the life of the beloved and hated founder of Cardano, Charles Hoskinson. COVERED: Introduction: Charles Hoskinson Bio Early Life and Career Cardano Hoskinson’s Philanthropy INTRODUCTION: Charles Hoskinson Bio Charles Hoskinson is a Colorado-based mathematician and technology entrepreneur. He is most notably known as a co-founder of Ethereum and […] The post Who is Charles Hoskinson? appeared first on CryptosRus.
2 days agocryptodaily
Can Crypto Coins Such As Persystic Token And Ethereum Help Revive The Bear Market?
This summer has been a difficult time for the crypto market. Crypto users would have seen the rapid decline in prominent cryptocurrencies such as Bitcoin (BTC), Solana (SOL) and Terra (LUNA) - a daunting time for buyers. Despite the bearish market, the enthusiasm and interest in cryptocurrencies have maintained and with the decline of upper-echelon cryptocurrencies, users would be looking to purchase cryptocurrencies that have lower risk factors. Persystic (PSYS) is an upcoming blockchain network that is built on the Binance Smart Chain - a reputable decentralised ecosystem. Along with this newcomer to the market comes Ethereum (ETH), the second most successful blockchain network in the crypto realm. This editorial will explore if both Persystic (PSYS) and Ethereum (ETH) can contribute to the revival of the crypto market. The Social Network Token - Persystic Token (PSYS) As previously mentioned, Persystic (PSYS) is based on the Binance Smart Chain - an open source and decentralised ecosystem. It is best described as a tokenized mixed social network that enables individuals to interact with each other while giving them the ability to form communities based on democratic principles. Persystic aims to solve the issues that traditional social media networks face such as poor monetisation, government censorship, security and fake content. PSYS permits the creators to take ownership of their work, where they can decide to store or delete their content when they please. Additionally, the Persystic project wants to enable peer-to-peer (P2P) sharing of content by using decentralised nodes. Users are also able to tip other creators, purchase content and perform other transactions within the network. The past decade has seen prominent social media platforms such as Twitter, Instagram and Facebook transcend outside of the entertainment sphere and have instead become an integral part of a daily routine for many active internet users. By targeting a market which has an approximate revenue of $42.39 billion in 2022, Persystic are capitalising on creating an innovative platform that aims to enhance the social media experience. It is currently in its presale stage, so if you are a buyer looking for a crypto coin that is low risk, then PSYS is a viable option. The Smart Contracts Pioneer - Ethereum (ETH) Ethereum (ETH) is primarily known for being the second most successful cryptocurrency behind Bitcoin. It quickly rose in popularity due to pioneering the smart contract mechanism - computer programs that automatically execute the necessary actions to fulfil an agreement between parties online. Smart contracts were designed to eliminate the need for an intermediary’s involvement between contractors, reducing transaction costs while also increasing transaction reliability. intermediary for contractors, reducing the transaction costs while also increasing reliability. The year of 2022 has seen Ethereum mention its plan to move from a proof-of-work consensus to a proof-of-stake algorithm, to improve scalability and sustainability. This transition will be known as Ethereum 2.0 and is scheduled to come to fruition in August 2022. Ethereum has continued to advance with the power of blockchain technology, which has made it one of the most dominant cryptocurrencies on the market. Its large ecosystem and consistent development is what users can have trust in when purchasing the ETH coin. If you would like to read more on the Persystic Token (PSYS) Article, Read Here: What Is The Persystic Token? What to find out more about Persystic (PSYS): Presale: http://join.persystic.io/ Website: http://persystic.io/ Telegram: https://t.me/PersysticTokenOfficial 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 agocointelegraph
Price analysis 8/12: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin and many altcoins are carving out bottoming patterns as sentiment across the crypto and equities markets continues to improve.
4 days agocryptodaily
How ViralCoin is Beating the Market Volatility and Empowering Investors
There are a lot of reasons why people get involved in the crypto market; being at the forefront of cutting-edge technology like blockchain, tapping into an energetic community, and making a profit in one of the biggest modern asset classes. There are also reasons why some people are wary to invest in cryptocurrency, Simply put; the crypto industry is very volatile. Assets rise and fall at the drop of a hat and the term ‘buy the dip’ was coined partially because the market dips so often. While this reputation of volatility has scared some investors from the crypto sector, it has also pushed many modern crypto projects to insulate their tokens from the chaos of the market. One of these is ViralCoin, a new blockchain project that has announced an intricate mechanism to protect investors from market up and downs, especially in its initial stages. What is ViralCoin? ViralCoin is a new community-centered crypto and blockchain project that is looking to empower crypto users to use tokens in their daily life. While the ecosystem is centered around its native VIRAL token, it also offers its ViralWallet. The ViralWallet lets users pay their bills using VIRAL and has removed many of the pain points to doing so, including price prediction and automatic debits. While ViralCoin is poised to be one of the hottest new crypto projects to invest in, the issue of market volatility still exists, however, the management of ViralCoin has gone out of its way to make sure that its asset is insulated from these issues. This can also be seen with ViralCoin’s pricing mechanism. New crypto projects are often subject to price fluctuations, whether organic or due to pump-and-dumps, ViralCoin has put a mechanism in place to manage its token price. This mechanism is called the ViralCoin Vault Contract and this means that the native token is held in a VIRAL/USDC liquidity pool. The circulating supply of the token can be increased or reduced as needed to keep the price stable and this will last all through the minting stage. As such, you can invest in ViralCoin with ease and without any worry about the price fluctuating in the initial stage. Then there are the benefits that you can get for referring others as ViralCoin has an ongoing referral program. Roughly 1% of the projected revenue will go to referrers and another 3% will go to the token holders through reflection. Users are being encouraged to join the #ViralCoinChallenge and can earn rewards by referring others, whether or not they have spent any money on tokens themselves. Overall, ViralCoin is emphasizing community and mutual benefit above all else. A New Dawn for Crypto Use There is no denying that cryptocurrency can be profitable yet volatile. But for those who simply want to invest, ViralCoin offers an amazing benefit. Thanks to its combination of price stability for its native token and the ease of setup, it stands out as a solid project for investors. 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.
5 days agocryptodaily
Ethereum Merge Inches Closer As Developer Agree On Tentative Date
Anticipation and excitement are building in the Ethereum community as more clarity around the merge emerges. Ethereum developers have now agreed to a tentative date for the mainnet merge, which could be sooner than expected, seeing the Ethereum blockchain finally transition to Proof-of-Stake. Tentative Date Announced Ethereum core developers have locked in the 15th of September, 2022, as the tentative date on which the blockchain will transition to Proof-of-Stake. This means that the merge will happen sooner than expected as a result of the successful test on the Georli testnet, completed on Wednesday. Core Ethereum developers confirmed the date, including Tim Beiko and Terence Tsao, Co-founder of Prysmatic Labs, who agreed in an 11th August developer call that it (merge) would be when Total Terminal Difficulty (TTD) hits 58750000000000000000000. This was later confirmed in a post on Github titled tentative mainnet TTD. Date Could Still Change The possibility that the exact date and TTD could be changed still remains, the success of the testnet merges carried out so far are a good indication that Ethereum’s mainnet is finally ready to transition to the Proof-of-Stake consensus mechanism without any significant hurdles. The new timeline is three days earlier than the initially planned date of the 19th of September, which core developer Tim Beiko promised. “Tentative Mainnet TTD 58750000000000000000000 Note: nothing is final until it’s in client release, so do expect changes last minute due to unforeseen circumstances.” Bellatrix: Setting The Stage For The End Of Proof-of-Work Once the Total Terminal Difficulty hits 58750000000000000000000, it will mark the end of Proof-of-Work on the Ethereum blockchain and signal the official introduction of Proof-of-Stake. The TTD refers to the total difficulty required to mine the final block before the transition to PoS. However, before the merge is executed and completed, Ethereum developers will need to perform the Bellatrix hard fork, which will implement the necessary software updates required for clients to run the new consensus layer. The hard fork is scheduled for the 6th of September, just under ten days before the official merge. The journey to the merge has been long for Ethereum and its developers, with the Georli testnet becoming the final testnet to switch to the Proof-of-Stake consensus mechanism successfully. The Georli testnet merge followed the successful transitions of the Sepolia merge and the Ropsten testnet merge. Rumblings Of Discontent? However, there are some seeds of discord with Ethereum miners who rely on Proof-of-Work and its income. These Proof-of-Work miners are determined to continue using the Proof-of-Work consensus mechanism for Ethereum and maintain their flow of income. Chandler Guo, BTC, and ETH miner, a proponent of Proof-of-work and a crypto angel investor, is at the forefront of the movement and is leading the charge for PoW miners to initiate a hard fork of Ethereum and create a Proof-of-Work chain. Guo is a proponent of the theory that the crypto space is big enough for two Ethereums to exist and has tweeted several opinions on Twitter in support of his views. Guo is determined to release the necessary code to perform a hard fork that would bypass the difficulty bomb. This mechanism significantly reduces block rewards for miners in an effort to prevent them from producing new blocks. 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.
5 days agocryptodaily
Crypto Daily - Crypto And Financial News 11/08/2022 Ripple Buying Celsius?
In Todays Headline TV CryptoDaily News: BitPay partners Cardlytics for cash back rewards. BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, added a reward program to its BitPay Prepaid Card. Cardlytics, a cash-back rewards platform, is managing the rewards where the BitPay cardholder automatically receives cash back on purchases. Hackers have stolen $1.4 billion this year using crypto bridges. Crypto bridges, which link blockchain networks together, have become major targets for cybercriminals. A total of around $1.4 billion has been lost to breaches on cross-chain bridges this year, according to figures from blockchain analytics firm Chainalysis. Ripple Labs 'interested' in bankrupt crypto lender Celsius' assets. San Francisco-based blockchain payments company Ripple Labs Inc is interested in potentially purchasing assets of bankrupt crypto lender Celsius Network, according to a company spokesperson. BTC/USD exploded 2.9% in the last session. The Bitcoin-Dollar pair exploded 2.9% in the last session. The Stochastic indicator is giving a negative signal. Support is at 22289.6667 and resistance at 24337.6667. The Stochastic indicator is giving a negative signal. ETH/USD skyrocketed 7.5% in the last session. The Ethereum-Dollar pair skyrocketed 7.5% in the last session. According to the CCI, we are in an overbought market. Support is at 1599.2733 and resistance at 1841.3733. The CCI points to an overbought market. XRP/USD skyrocketed 2.6% in the last session. The Ripple-Dollar pair skyrocketed 2.6% in the last session. The MACD is giving a negative signal. Support is at 0.3499 and resistance at 0.3887. The MACD is currently in negative territory. LTC/USD skyrocketed 4.3% in the last session. The Litecoin-Dollar pair gained 4.3% in the last session after rising as much as 5.2% during the session. The Stochastic-RSI is giving a negative signal. Support is at 55.5833 and resistance at 64.6433. The Stochastic-RSI is currently in negative territory. Daily Economic Calendar: IE Consumer Price Index The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services. The Irish Consumer Price Index will be released at 10:00 GMT, Japan's Foreign Investment in Japan Stocks at 23:50 GMT, the US Continuing Jobless Claims at 12:30 GMT. JP Foreign Investment in Japanese Stocks Securities investment referrers to bonds issued in a domestic market by a foreign entity in the domestic market’s currency. US Continuing Jobless Claims The Counting Jobless Claims measure the number of individuals who are unemployed and are currently receiving unemployment benefits. JP Foreign Bond Investment The Foreign Bond Investment refers to bonds issued in a domestic market by a foreign entity in the domestic market’s currency. Japan's Foreign Bond Investment will be released at 23:50 GMT, the US Initial Jobless Claims at 12:30 GMT, the Irish HICP at 10:00 GMT. US Initial Jobless Claims The Initial Jobless Claims is a measure of the number of people filing first-time claims for state unemployment insurance. IE HICP The HICP is a measure of price movements or inflation harmonized across EU Member States. It is similar to the national Consumer Price Indices (CPI). 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.
6 days agocointelegraph
NFTs and intellectual property, explained
When you buy a nonfungible token, do you automatically get intellectual property rights? Well… it's complicated.
6 days agocointelegraph
Price analysis 8/10: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
After Aug. 10’s neutral CPI print, Bitcoin and altcoins are attempting to flip stiff overhead resistance levels to support in order to prepare for the next leg up.
6 days agocryptodaily
Reddit Continues Web3 Efforts With FTX Partnership
The partnership with FTX will enhance the user experience on the Community Points project for over 400 million monthly active users on the Reddit platform. FTX Pay Joins Reddit’s Community Points Project On Tuesday, FTX announced its global partnership with social media network Reddit to roll out the tokenized Community Points program. FTX is acting as a third-party service provider through its FTX Pay feature. In its statement, FTX noted, “We are excited to help bring Reddit’s vision to life and help communities break free of walled gardens and take ownership of their existence online. We welcome you to check out Community Points!” The project, announced in 2020 as a novel way to empower Redditors, has finally gone live with its beta version. After the NFT Avatar feature, the Community Points will allow users to “own a piece of their community” by adding a custom token to their subreddit. It also opens up opportunities for earning rewards, creating more quality content, and unlocking special features. FTX Pay To Top Up Funds On Reddit Vault FTX Pay is a regulated crypto payments service managed by FTX. As a Reddit partner, the FTX Pay feature is integrated into the Reddit Vault wallet app for users to top up their insufficient funds. Even though Community Points cannot be bought, they can be gifted; and FTX Pay enables a simple method of buying additional ETH to pay the Ethereum network “gas fees” to collect airdrops. Upon detecting insufficient funds, the app automatically prompts the user to redirect to FTX, where they can buy ETH via credit or debit card after completing authentication. The project is being rolled out step-by-step, with the r/CryptoCurrency and r/FortnightBR subreddits being the first to experience it. Since it is still very much an opt-in feature, other subreddit moderators can sign up on a waitlist to join the project, More About Community Points These Community Points are ERC-20 tokens on the Arbitrum Nova blockchain, which are burned and removed from circulation once used. Unlike most other tokens, Points cannot be bought; they have to be earned through contributions like creating content and moderating subreddits. According to the official sub on Reddit, “Communities are the lifeblood of the Internet. But on today's Internet, they are not in charge of their own destiny. Instead, they are controlled by the large platforms that hold all the power online. It is time for a change. Community Points are the first step towards a different future for online communities. These tokens live on the blockchain, which means they are truly owned by the community. Over time, your community will benefit from even greater control and independence — on and off of Reddit.” Furthermore, different Reddit communities can customize the Community Points tool to create tokens with new names, symbols, distribution rules, and purposes. Subreddits can also use them for community governance and moderation purposes, as well as for unlocking premium features. 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.
6 days agocryptodaily
What Is Revolutux (RVLT)?
There would hardly be a day where the blockchain industry won’t have a form of advancement. There’s also a new thing or project to learn about and each one seeks to solve a problem that people have complained about. For those whose major interest has been a massive increase in the accessibility of cryptocurrencies, Revolutux (RVLT) says it’s your lucky day. Introducing A New Binance Smart Chain Project Revolutux (RVLT) is a new deflationary token with plans to create a low-risk, strategic, frictionless, and decentralized environment where everyone can trade in digital assets across the world with cheap fees. They will offer transparency which we can all agree is a major ingredient for the long-term success of decentralization and the blockchain industry. Their plan is for everyone to be more connected and empowered financially while they provide everyone with the ability to stake and trade and also expose them to NFTs and incentives all on one platform. Revolutux (RVLT) has three major functions that happen in every trade; Reflection Liquidity Pool (LP) Acquisition and; Burn The protocol ensures that the assets of token holders are automatically collected and deposited securely in the liquidity pool through its Automatic Liquidity Pool (ALP) mechanism. Token holders can also use the reflection mechanism to hold their tokens depending on percentages completed and total tokens owned. What Are Revolutux (RVLT) Ecosystem Offerings? The Revolutux (RVLT) ecosystem is poised to offer four major attributes which will be broken down in this section. They include; Revolutux Swap: This will allow users to swap their money for other currencies of their choice. The swap services will be connected to the biggest DEXs (decentralized exchanges) in the world and so users can search for and choose the ones that offer the lowest fees. Revolutux Staking: Customers will benefit from rewards as a result of staking their tokens and the system is developed in a way that will help people who do not have a technical grasp of cryptocurrency to stake. This feature will be great for token holders that are interested in holding their assets for a long period and earning passively. Revolutux NFTs: These NFTs will be one-of-a-kind assets that will be generated on the blockchain and will be tradeable. The platform intends to revolutionize the market by disseminating its NFTs. Revolutux DAO: To ensure that the power belongs to the people, they would establish a decentralized autonomous organization (DAO) that will make sure that users and developers contribute to the project’s development and growth. The RVLT token will be disbursed among active network members and will be used as a governance token which will allow them to vote on different proposals and modifications. Why Should You Consider Revolutux (RVLT)? It’s a valid question, and here are some aspects the project has given as reasons to sign up. Utility The Revolutux (RVLT) ecosystem is about to make available certain services like the liquidity pool (LP) acquisition that will make the DeFi industry undergo an innovation. They will create a token that will be useful to users and help them earn money passively. Longevity The platform is dedicated to supporting the long-term evolution of the ecosystem which they believe will lead to decentralized apps (DApps) that can be used in the real world as well as additional incentives. Ease Of Use Revolutux (RVLT) is easy to use and this should contribute to its success. Interested parties can buy into it with nothing more than a phone and an internet service. All in all, it is important to remember that in cryptocurrency just like with any other forms of virtual assets like stocks, doing your research is vital. With the market being so volatile, it is smart to worry and be extra careful. However, I feel like this project has great prospects and I’m excited to see how it fares when it launches officially. 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.
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49% Lower Fees, Big Growth: Why Polygon (MATIC) Surged in Q2
MATIC has been performing brilliantly over the past month and the most recent quarterly report by Polygon reveals some of the reasons why.

About Polygon

The live price of Polygon (MATIC) today is 0.929219 USD, and with the current circulating supply of Polygon at 8,035,303,945.28 MATIC, its market capitalization stands at 7,466,557,907 USD. In the last 24 hours MATIC price has moved -0.013613 USD or -0.01% while 152,538,740 USD worth of MATIC has been traded on various exchanges. The current valuation of MATIC puts it at #14 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 Price0.929219 USD
Market Rank#14
Market Cap7,466,557,907 USD
24h Volume155,125,732 USD
Circulating Supply8,035,303,945.28 MATIC
Max Supply10,000,000,000 MATIC
Yesterday's Market Cap7,512,623,600 USD
Yesterday's Open / Close0.948565 USD / 0.934952 USD
Yesterday's High / Low0.965835 USD / 0.928745 USD
Yesterday's Change
-0.01% ( 0.013613 USD )
Yesterday's Volume152,538,740 USD
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