fbpx
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Tuesday, June 6, 2023
Online Crypto College
CREATE FREE ACCOUNT
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
No Result
View All Result
Online Crypto College
No Result
View All Result

Polygon (MATIC) Price Falls Short Of Reaching Full Potential Despite Recent Developments

June 7, 2022
in Bitcoin
Reading Time: 4 mins read
A A
Polygon (MATIC) Price Falls Short Of Reaching Full Potential Despite Recent Developments
ShareShareShareShareShare

Related articles

Withdrawal Services Restored After Brief Delay

Withdrawal Services Restored After Brief Delay

June 6, 2023
Coinbase, America’s Largest Cryptocurrency Exchange, Sued By The SEC For Securities Violations

Coinbase, America’s Largest Cryptocurrency Exchange, Sued By The SEC For Securities Violations

June 6, 2023

The recent trend for Polygon (MATIC) has followed a negative pattern, raising more concern within the industry. Within the midst of the 2022 extended cryptocurrency market correction, MATIC has a consistent bearish overview. From its value of $2.92 on December 27, 2021, the token has fallen by over 60%.

Volatility remains one of the significant characteristics of cryptocurrency that has generated mixed opinions within the virtual space. It creates the basis on which the profitability of the assets stands. Also, it could form the foundation for the collapse of a previously growing project despite its record.

With the overturn of activities, the Polygon network would depend on new motivating development to revive its downtrend. So, it has launched its NFT Minter new version that allows users to create NFTs using customizable functionalities. Also, this NFT execution comes with no gas fees for all customers.

The network-integrated several functionalities within the Minter, such as using ERC-1155 and ERC-721 standards, regular NFTs, and Soulbound. Also, Polygon’s team is concluding its plan for the release of a wholesome minting API. In addition, it has the Unity SDK integration launch and the expansion of batch support.

Related Reading | Bitcoin Dominates Derivatives Market To End May On A High Note

Polygon is trying to pry further with the crypto space with its move. More people regard the option of mining with gas fees to be very appealing both for intending users and existing coin holders. The evidence comes with the increased investment in MATIC from ETH wallet holders.

The Polygon network has experienced an increase in its customer base through the elaborate gaming and NFT adoption. It recorded up to 45.5 increase in its NFT marketplace – OpenSea in 2021. But the present outturn in 2022 shows a different storyline for the project.

Hope For Polygon To Recover Previous Losses

From the Dune Analytics record, you can make a comparison for ETH wallets with MATIC tokens as of June 1 and May 1. The former shows a significant peak than those from the latter. A minimum of 35,309 ETH wallets now have over 1,000 MATIC coins. Also, a minimum of 134,078 ETH wallets hold more than 100 MATIC coins.

Source: Dune Analytics

Another significant positivity is through its Proof-of-Stake (PoS), the top Ethereum commit chain. The Polygon PoS Chain records a rise in its total number of unique addresses.

By using this Chain, customers could do a lot of activities like token swapping, market predictions, playing games, and others. The Chain made a single-day addition of more than 2.5 million new addresses in September 2021. Since then, there has been a progressive increase in Polygon’s unique addresses.

Related Reading | Institutional Investors Turn To Competitors As Ethereum Tumbles

Through the bearish trend of Polygon, about 98% of its users might have suffered some losses. However, they still believe in the viability of the project. It’s of interest to note the number of unique addresses on a network is not equivalent to its users. Some users create multiple addresses to suit their preferences.

Presently, Polygon has gone through a new 1% correction, bringing the price of MATIC to $0.62 at the time of writing.

Polygon (MATIC) Price Falls Short Of Reaching Full Potential Despite Recent Developments
MATIC stands firmly at $0.62 | Source: MATICUSD on TradingView.com
Featured image from Pexels, chart from TradingView.com


Credit: Source link

ShareTweetSendPinShare
Previous Post

Paris Hilton Considers to Buy Land & Collaborate with Shiba Inu Metaverse?

Next Post

Bitcoin, Ethereum, Solana, XRP: Institutions ditch one. Why?

Related Posts

Withdrawal Services Restored After Brief Delay

Withdrawal Services Restored After Brief Delay

June 6, 2023

In a recent development that caused a temporary disruption in the crypto world, major cryptocurrency exchange Kraken faced issues with...

Coinbase, America’s Largest Cryptocurrency Exchange, Sued By The SEC For Securities Violations

Coinbase, America’s Largest Cryptocurrency Exchange, Sued By The SEC For Securities Violations

June 6, 2023

Coinbase, one of the leading cryptocurrency exchanges, has been charged by the Securities and Exchange Commission (SEC) for operating as...

Gateway Issues Cause Withdrawal And Deposit Delays For Kraken Exchange

Gateway Issues Cause Withdrawal And Deposit Delays For Kraken Exchange

June 6, 2023

Renowned exchange Kraken is battling issues with its crypto funding gateways, which include BTC, ETH, and ERC-20, as users experienced...

SEC sues Coinbase just hours after Binance

SEC sues Coinbase just hours after Binance

June 6, 2023

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Several hours after suing Binance and...

How Token’s Price And Market Cap Were Cut In Half

How Token’s Price And Market Cap Were Cut In Half

June 6, 2023

Pepecoin (PEPE), a once-promising meme token, has recently faced a significant setback, witnessing a staggering decline in both its price...

Load More
Next Post
Bitcoin, Ethereum, Solana, XRP: Institutions ditch one. Why?

Bitcoin, Ethereum, Solana, XRP: Institutions ditch one. Why?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Google Cloud Utilizes Bitcoin Lightning Network to Scale Network Infrastructure for Millions of Users across 50+ Countries

Google Cloud Utilizes Bitcoin Lightning Network to Scale Network Infrastructure for Millions of Users across 50+ Countries

June 2, 2023
The next Dogecoin but 10x better

The next Dogecoin but 10x better

June 5, 2023
Tron (TRX) Sees 10% Price Surge Following Bittorrent Bridge Launch

Tron (TRX) Sees 10% Price Surge Following Bittorrent Bridge Launch

June 4, 2023
Crypto law firm Gresham advises against US presence, cites unfavorable regulatory environment

Crypto law firm Gresham advises against US presence, cites unfavorable regulatory environment

June 6, 2023
Cross-Party Group Backs Cryptocurrency Regulation After Recent … – Casino Guardian

Cross-Party Group Backs Cryptocurrency Regulation After Recent … – Casino Guardian

June 6, 2023

About Us

We provide the latest crypto news, trading tools, and up-to-date education to students and traders all over the world.

ENROLL FOR FREE

Latest Crypto Headlines

  • Withdrawal Services Restored After Brief Delay
  • New Jersey, Alabama securities regulators take action against Coinbase following SEC lawsuit
  • CFTC Chair Stands Firm Before Congress: ‘Unsustainable’ Crypto Regulation By Enforcement Must Change – Coinpedia Fintech News
  • Coinbase, America’s Largest Cryptocurrency Exchange, Sued By The SEC For Securities Violations
  • Crypto law firm Gresham advises against US presence, cites unfavorable regulatory environment
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$26,726.004.26%
  • ethereumEthereum(ETH)$1,875.463.73%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.08%
  • binancecoinBNB(BNB)$282.602.41%
  • usd-coinUSD Coin(USDC)$1.000.11%
  • rippleXRP(XRP)$0.523.09%
  • staked-etherLido Staked Ether(STETH)$1,875.693.82%
  • cardanoCardano(ADA)$0.3540361.28%
  • dogecoinDogecoin(DOGE)$0.0710377.35%
  • solanaSolana(SOL)$20.200.73%
  • matic-networkPolygon(MATIC)$0.82-2.13%
  • tronTRON(TRX)$0.077683-0.72%
  • litecoinLitecoin(LTC)$89.712.84%
  • polkadotPolkadot(DOT)$5.162.58%
  • binance-usdBinance USD(BUSD)$1.000.06%
  • avalanche-2Avalanche(AVAX)$14.434.18%
  • shiba-inuShiba Inu(SHIB)$0.0000082.99%
  • daiDai(DAI)$1.000.24%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,735.003.98%
  • uniswapUniswap(UNI)$4.791.82%
  • leo-tokenLEO Token(LEO)$3.53-1.39%
  • chainlinkChainlink(LINK)$6.263.42%
  • cosmosCosmos Hub(ATOM)$10.171.90%
  • okbOKB(OKB)$45.403.09%
  • moneroMonero(XMR)$145.713.34%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • ethereum-classicEthereum Classic(ETC)$17.453.83%
  • ToncoinToncoin(TON)$1.660.09%
  • stellarStellar(XLM)$0.0885090.76%
  • bitcoin-cashBitcoin Cash(BCH)$111.012.48%
  • lido-daoLido DAO(LDO)$2.4216.11%
  • true-usdTrueUSD(TUSD)$1.000.06%
  • internet-computerInternet Computer(ICP)$4.422.92%
  • filecoinFilecoin(FIL)$4.374.18%
  • quant-networkQuant(QNT)$116.434.76%
  • AptosAptos(APT)$8.180.77%
  • hedera-hashgraphHedera(HBAR)$0.0492531.92%
  • crypto-com-chainCronos(CRO)$0.0596001.41%
  • ArbitrumArbitrum(ARB)$1.184.75%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • nearNEAR Protocol(NEAR)$1.522.35%
  • vechainVeChain(VET)$0.0188771.27%
  • apecoinApeCoin(APE)$3.1812.30%
  • the-graphThe Graph(GRT)$0.1188794.99%
  • paxos-standardPax Dollar(USDP)$1.000.01%
  • fraxFrax(FRAX)$1.000.24%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • algorandAlgorand(ALGO)$0.137118-0.79%
  • the-sandboxThe Sandbox(SAND)$0.532.49%