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Arbitrum ($ARB) Set for a Bullish Breakout soonThe Arbitrum DAO has approved an eight-week pilot M&A program following overwhelming support for the proposal. On-chain metrics suggest that Arbitrum ( AMEX:ARB ) may experience a rally soon, despite a recent 7.5% increase in its value. The pilot program received over 99% support from DAO members and aims to conduct data-driven research and discussions to inform the Arbitrum DAO's decision on the operationalization and funding requirements of the M&A unit. The goal is to utilize M&A as a growth driver for the Arbitrum ecosystem, expanding non-organically through acquisition opportunities to enhance capital allocation methods. Additionally, on-chain metrics indicate potential for a rally in AMEX:ARB 's value. Despite the recent gain, a significant percentage of ARB addresses are still out-of-the-money, suggesting that investors may be holding onto their assets in anticipation of tangible price appreciation. Furthermore, with 55% of ARB's circulating supply held in out-of-the-money addresses, caution is advised for investors looking to open a position in the Ethereum Layer 2 altcoin, especially considering the large holdings by whales. Although recent activity has shown equal participation from bulls and bears, recent price movement suggests signs of a potential rally. The market value to realize value (MVRV) ratio has also confirmed these rally signs with a 6.54% growth in the past 24 hours. It is important to note that a bearish change in the general crypto market sentiment could invalidate this thesis.
Long
by DEXWireNews
Arbitrum One Dominates the L2 Scene Leaving Rivals in the Dust Arbitrum One has emerged as a frontrunner, achieving a remarkable milestone by surpassing $10 billion in Total Value Locked (TVL). This substantial feat places Arbitrum One ahead of its closest competitor, Optimism, by a staggering $4.6 billion. Additionally, the upcoming project Blast has already generated significant buzz, boasting an impressive TVL of $1 billion, even before its official launch. The Unprecedented Rise: Arbitrum One's journey to the $10 billion TVL mark has been nothing short of extraordinary. As a second-layer blockchain solution, it has managed to outpace its rivals and establish itself as a powerhouse within the decentralized finance (DeFi) ecosystem. This achievement not only underscores the platform's growing popularity but also highlights the increasing demand for scalable and efficient blockchain solutions. Blast: A Project on the Horizon: One of the most intriguing aspects of the current blockchain landscape is the anticipation surrounding the yet-to-be-launched project, Blast. Despite not having officially debuted, Blast has already accumulated a TVL of $1 billion. This unprecedented level of interest and investment in a pre-launch phase signals a paradigm shift in how investors and enthusiasts approach new blockchain ventures. Arbitrum Token's Meteoric Rise: Accompanying Arbitrum One's impressive TVL milestone is the notable surge in the value of the Arbitrum token. Reaching an all-time high price of $1.83, the token experienced a remarkable 60% rally over the past month. This surge in value reflects a growing confidence in the Arbitrum ecosystem and raises questions about the potential long-term impact on the broader cryptocurrency market. The Power of Second-Layer Solutions: Arbitrum One's success is not only a testament to its own capabilities but also shines a spotlight on the importance of second-layer solutions in the blockchain space. As scalability issues continue to plague some of the major blockchains, second-layer solutions like Arbitrum One are proving instrumental in addressing these challenges and providing users with faster and more cost-effective transactions. Arbitrum One's journey to a $10 billion TVL milestone, coupled with the anticipation surrounding the upcoming Blast project and the significant surge in the Arbitrum token's value, paints a compelling picture of a blockchain platform on the rise. As the ecosystem continues to evolve, the success of Arbitrum One underscores the demand for scalable and efficient solutions, solidifying its position as a key player in the future of decentralized finance.
COINBASE:ARBUSDLong
by DEXWireNews
Arbitrum ($ARB) Experiencing Gradual Increase In contrast to several altcoins that have witnessed rapid price surges, ARB has been experiencing a more gradual increase. Since October 16, ARB has grown by 45%, yet it hasn't broken past its annual high of $1.82, indicating potential room for further growth. Arbitrum is currently in a consolidation phase, hovering between the support range of $1.00-$1.04 and a resistance band of $1.12-$1.16. If it successfully breaches this resistance, the ARB price might test higher levels in the $1.19-$1.23 range and approach its local high near $1.3. It's important to note that any downward correction in Bitcoin's price could have a negative impact on ARB. In such an event, the token might slide below the key psychological level of $1, potentially exploring lower levels around $0.95 and $0.90.
COINBASE:ARBUSDLong
by DEXWireNews
SEI Token Surges 35%, Reaching New All-Time HighSei (SEI) has been registering notable gains over the past month with the asset’s recent rally over the 24 hours helping it reach a new all-time high (ATH). SEI surged by 35% in the past 24 hours and is currently trading at $0.2659, marking a new ATH. The asset’s market cap stands at $645 million at the time of writing. Data shows that Sei’s daily trading volume has surpassed its market capitalization, hovering around the $656 million mark. It’s important to note that only 2.175 billion SEI tokens have been added to its circulating supply so far, which has a total supply of 10 billion coins. Moreover, Sei registered an 85% and 170% surge over the past week and past 30 days, respectively. SEI is still sailing in the bullish zone as it’s above the $0.22 support zone. A price plunge below the $0.20 resistance zone could potentially put the asset in a highly volatile condition. Last week, SEI registered a 91% surge in seven days after a strategic investment from Circle, the issuer of the second-largest stablecoin USDC. Sei blockchain to add Ethereum Virtual Machine support in V2 upgrade Trading-focused Layer 1 blockchain Sei will add support for the Ethereum Virtual Machine (EVM) in its upcoming version 2 (V2) upgrade. This will enable developers to port Ethereum-based contracts over to the network and use them on it. To add this feature, Sei V2 will incorporate Geth, a Go implementation of the Ethereum Virtual Machine. Geth is the most widely used Ethereum client software. Expanding on Sei V1 Sei has been operational on the mainnet beta since the V1 launch in August, offering support for Cosmos smart contracts written in Rust. With Sei V2, the team behind it aims to broaden its appeal to a wider range of developers. The development will add a fully parallelized EVM-compatible layer with sub-second finality (the speed at which transactions are confirmed). What is Sei? Sei is a Cosmos SDK-based proof-of-stake blockchain, designed to be optimized for trading with its ability to execute sub-second blocks. In April 2023, Sei Labs, the core developer of the network, raised $30 million in two strategic funding rounds from venture firms including Jump and Multicoin Capital. With functionality that supports fast decentralized trading, Sei targets a specific niche where it competes with other Cosmos chains like Osmosis, Kava, Injective, Neutron and Kujira.
Long
by DEXWireNews
Sui (SUI) User Activity Increased Indicating Positive MomentumSui (SUI) SUI continues to show positive momentum, attributed to both the rising trend of BTC and increased user activity on the Sui network. In the past two months, the blockchain's TVL has increased fivefold, currently standing at $140 million. SUI is currently trading within a wide sideways range, with its support zone between $0.48 and $0.52 and resistance range between $0.64 and $0.69. The asset's primary aim is to sustain its growth trajectory and reach new local highs, with upcoming targets for buyers at $0.70 and $0.75. However, in the event of a BTC correction and upcoming large-scale token unlocks, there is a risk that Sui might undergo a substantial drop. If this occurs, the coin's price could potentially fall to $0.43, approaching its historic low range of $0.36 to $0.40, which would be a significant test of the project's stability.
Long
by DEXWireNews
What is Polygon 2.0 ?Polygon, the most prominent Ethereum Layer 2 solution and one of the top cryptocurrency projects by market value, is launching its first zkEVM chain, independent of the main Polygon proof of stake chain. Furthermore, it plans to fundamentally change the architecture of the Polygon Network with the launch of Polygon 2.0. What Is Polygon 2.0? Polygon 2.0 is a planned Polygon Network upgrade to establish it as the "Value Layer of the Internet." It will be an elemental protocol that enables users to create, exchange, and program value in the same manner they do with information on the internet but in a decentralized system. By providing features such as digital ownership, decentralized finance, and new coordination mechanisms, Polygon 2.0 will enable anyone to access the global economy. It reimagines the architecture of the Polygon network, its governance, and tokenomics and tries to address the challenges of existing blockchains, more precisely, network throughput and scalability limitations. How Does Polygon 2.0 Work? Polygon 2.0 will take a four-layered structure designed to improve the security and scalability of the network while making transactions atomic and instantaneous. static1.makeuseofimages.com The layers include; Staking Layer : This is the existing layer composed of a "validator manager" contract on the Ethereum blockchain and a "chain manager" for every Polygon chain created. It maintains the validators' registry, processes their requests, and processes slashing events. Interoperability Layer : Built upon the staking layer, the interop layer connects every Polygon chain using bridges. It will also have an aggregator that merges zero-knowledge proofs into one proof sent to the Ethereum blockchain. Execution Layer : This layer will enable the Polygon chains to process blocks similarly to Ethereum blocks. It contains multiple components, including P2P, consensus, mempool databases, and witness generators. Proving Layer : This layer generates proofs for all internal and cross-chain transactions for each polygon chain: It's composed of the "common prover" for proof aggregation and verification, the "state machine" that simulates the execution environment, and a "constructor" for developers. Polygon Labs believes the resulting network of zk-powered Layer 2 chains consolidated through a cross-chain coordination protocol will achieve unified liquidity and unlimited scalability. Consequently, users will engage with the entire network with singularity. What Polygon 2.0 Means for Crypto Users? Polygon 2.0 is in the rollout stage. Collaborations between Polygon Labs, other stakeholders, and the broader Polygon and Ethereum community will determine whether to implement it or not through a formal governance process. But if the current development is to go by, the upgrade is likely to go through. Two major dates are pending for Polygon 2.0: The week of 10th July 2023, when they'll announce a token release, and the following week of 17th July, when governance will follow due process. Polygon 2.0 will introduce two great features to the network: 1-Polygon 2.0 will rely on zk-proofs to store validated transactions on Layer 1 and actual transaction data on Layer 2. This innovation will reduce the cost of transactions and improve users' privacy. 2-The network will support countless chains and allow unlimited cross-chain interactions instantly without compromising security. Hence, users will interact with the entire network without feeling they're leaving a single chain. With such developments paving the way for a better Polygon Network, it will be interesting to watch if more investors will bet on its future. Polygon 2.0 Will Be a Web3 Mainstay The future looks promising for the Polygon Network as it introduces Polygon 2.0, which will establish an essential protocol in the Web3 environment. Over the next few weeks, Polygon Labs will share detailed data on the architecture and workings of the new network and how they intend to transform the project. If interested in reviewing the proposal, you're encouraged to participate in the community's conversations that will shape the network's future. Hope you enjoy this article. Follow for more important contents an analysis. Refrences : www.makeuseof.com polygon.technology
MEducation
by TraderAmin-KZ
6
HYDRA - Cardano's Layer 2. Could it be a NEXT 10 - 100x ?? Today I'm looking at Cardano's (ADA) Layer 2 scaling solution HYDRA 25 million dollar market cap. Trading at $7.03 at the time of this video. Alt High of $52 2021 being a huge year for Layer 2 solutions. I can't imagine scaling solutions going away ANYTIME SOON. Cardano being a top 10 blockchain tech. I think as far as risk vs reward. This coin is one to keep an eye on. at this price point and market cap especially. This video is entertainment. Thanks for jamming! keep stacking it! -HP
Long
by Harmonicpuma
24
MATIC Polygon: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Polygon (MATIC). The chart is self-explanatory. Polygon's price is in a multi-month Rising Wedge Pattern and the current price recently made an all time high and currently retracing down to the support trend line (Support 1). The chart shows a few other support trend lines to keep an eye on in case the price starts to fall. The RSI bounced off of the support trend line, which may help the price move up further. The Stoch RSI is oversold and has potential to move up. Also noted in the chart is the 200 EMA (moving average) as well as Volume. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
M
by MillionaireEconomics
14
Polygon (Matic) To Retest ATH, Next Stop $3.24 @ 127.20% FibsPolygon (Matic) Update 07/12/21: Matic has shown great strength since the crash on the 4th December, recovering +63% from the -35% drop experienced. This project has very strong fundamentals with some of the most cutting edge technology in Blockchain Technology today. This is Ethereum's Internet of Blockchains, although Matic has already grown 12514.5% YTD, we can expect similar growth pattern to Solana. Since the July crash, Matic has been fighting some heavy resistance from the previous key price levels @ the 23.60%, 38.20% & 61.80% fibs from the sensational run we experienced during the early months of this year. on the 14th October our A.I script triggered a strong buy signal on the daily chart @ $1.30 just below the 23.60% fibs. Since the Buy Signal triggered, Matic has grown 89% in just under 54 Days. Matic's first impulsive wave topped just above the 61.80% fibs ($2.14). As mentioned in previous analysis, Polygon's move back to the ATH is not one which is going to be straight forward due to the nature of the explosive move earlier this year and will face some key resistance on this push phase back to the ATH @ $2.88, which is now only 14% away from the current price @ $2.48. From the current price level Matic has some strong support at $1.91 & $2.14, a strong bullish continuation pattern is in play for Matic and we can expect to reach our price target at the 127.20% fibs @ $3.47 sooner than you may think, currently only 37% gain away. It is very important for Polygon to flip the 78.60% fibs ($2.41) key resistance into Key Support for this continuation pattern back towards the ATH and the 127.20% fibs. Our current price Targets for Polygon from the current price: 127.20% Fibs at $3.47 (37% Gain) 161.80% Fibs at $4.22 (70% Gain) 261.80% Fibs at $6.41 (158% Gain) 461.80% Fibs at $10.71 (332% Gain) Please see previous analysis below. Happy Trading :) Polygon (Matic) Update 03/11/21: The last breakout from this tweezer chart formation gave us 77% gains, if this trend continues we can expect to see Polygon (Matic) above $3.69 and heading towards our target at the 161.80% fibs @ $4.22 (104% away from the current price). Polygon (Matic) Update 28/10/21: $1.63 was the last critical resistance which Matic has now flipped into support above the $1.77, it’s going to be interesting to see just how quick Matic retest it’s previous ATH set in May as Matic is currently only 48% away from $2.87, from here we have the following price targets: 127.20% fibs @ $3.47 (80% Gain from the current price) 161.80% fibs @ $4.22 (119% Gain from the current price) 227.20% fibs @ $5.66 (192% Gain from the current price) Please see previous analysis below. Happy trading :) Polygon (Matic) Update 23/10/21: Polygon (Matic) is currently 86% from the ATH @ $2.87 and 174% to the $4.22 target. From the current price we are currently 555% away from Polygon (Matic) at $10, we can expect to surpass this peak bull cycle it's going to be an explosion 🚀 Our current price Targets for Polygon from the current price: 127.20% Fibs at $3.47 (127% Gain) 161.80% Fibs at $4.22 (177% Gain) 227.20% Fibs at $5.66 (270% Gain) 423.60% Fibs at $10.04 (555% Gain) Please see previous analysis below. Happy Trading :) Update 16/09/21: Polygon (Matic) To Retest ATH , $4.22 Price Target @ 161.80% Fibs. Matic is looking extremely healthy currently trading just below the key support level at the 38.20% fibs. We are looking extremely healthy for a continuation trend back to the ATH at $2.87. Our target after a retest of the ATH is at the 161.80% Fibs at $4.22 (157% Gain from the current price level). Please see previous analysis below. Happy trading :) Polygon (Matic) has found strong support @ $1. Since the May crash Matic has been on a slow downward trend from the top @ $2.85 and bottomed out @ $0.64. Currently Matic is trading @ $1.47 and if Matic can flip this key resistance above the 38.20% fibonacci level into support above $1.77, Matic looks poised for a big move (95% back to ATH ) from this support zone . 185% Gain to the 161.80% Fibonacci target @ $4.22. See previous analysis below. Happy Trading :) Polygon (Matic) Script Buy Signal triggered EMA Crossover SMA Confirms the Bottom and Reversal in Price back to May Highs near the ATH (145% Gain). See previous analysis below. Happy Trading :) Polygon (Matic) has found strong support @ $1. Since the May crash Matic has been on a slow downward trend from the top @ $2.85 and the bottom @ $0.64, currently Matic is trading @ $1.04. Matic looks poised for a big move (175% back to ATH ) from this support zone . Happy Trading Polygon (Matic) Update: 05 /08/2021: To Retest ATH @ $2.72 , Next Stop $3.24 @ 127.20% Fibs, then $3.94 @ 161.80% Fibs and $5.26 @ 227.20% Fibs. 121% Gain from current price to the 127.20% Fibs @ $3.24. Matic has been performing extremely well despite the blood on the streets...See previous analysis below. Happy trading :). $Matic $Polygon See Previous Analysis Below: Matic New ATH $2.70 🎯(80% Gain from Buy Zone) Update: 18/ 05 /21 See previous analysis below. Happy trading :) Polygon (Matic) Update: $1.78 Target Hit. Next Stop $2 at the 161.80% Fibs. 20% Gain from current price level to $2. Next Target after $2 at $2.58, 54% Gain from the current price level. See previous analysis below. Happy Trading :) Polygon (Matic) Update 14/ 05 /21: Matic in Price discovery , our next target price $1.78 at the 227.20 Fibonacci extension . Targets Hit $1, $1.30, Next Stop $1.35 (7% Gain). With this continued momentum to the upside, it is a 43% Gain from current price level @ $1.24 to the 227.20% Fibonacci extension at $1.78. See previous analysis below :) Polygon (Previously known as Matic) Update 27/03/2021) poised to test another New ATH @ $0.67 (15% Gain) from the current price @ $0.58. On the 25th April the 13 EMA crossed up above the 50 SMA signalling a strong buy signal, Polygon gained 70% from this parabolic move back to the ATH levels which were tested last in early March. Our next price target from here is $0.80 (37% Gain) to the 161.8% Fibonacci level. See previous analaysis below :) Polygon (Previously known as Matic) Update 25/03/2021) poised for another test of New ATH @ $0.67 (93% Gain) Polygon (Matic) poised for another test of New ATH @ $0.67 (93% Gain). From Buy Zone 1 Matic has retraced 18% and is now sitting in our Buy Zone to DCA and accumulate. If we continue to retrace to the 23.60% Fibonacci level, expect an explosive move back towards the 61.80% Fibonacci level @ $0.43 (47% Gain). Since reaching the ATH we have failed to break past the 61.80% level but a further retracement to the 23.60% should get the Bulls back in the market and we can expect to finally break through this level after 4 failed attempts from the current ATH . Huge parabolic move still on the cards here, be patient, DCA if you are already riding the wave or look to enter for a potential 93%+ Gain. See previous analysis below. Happy Trading :) Update 20/03/2021 Since reaching a new ATH @ $0.57 after a Buy signal came from our script, Matic retraced down to $0.32 and is currently sitting in our Buy Zone to re-enter Buys to DCA /Accumulate at the 38.20% Fibonacci level @ $0.35. We expect another huge parabolic move for Matic to test the previous ATH @ $0.57 and further push towards the 127.20% Fibonacci level @ $0.67 in search of a new ATH , there is a potential Gain of 93% from the current price level. Be patient use current Buy zones to enter or re-enter to DCA /Accumulate from the current price level. Current Stochastics show an extremely oversold market and we are confident Matic will be in search of new highs in the coming days. Happy Trading :) Update 20/03/2021 Nice set up from Buy Zone 1, potential test of the 50 SMA before bouncing back to the upside. #MaticUsd *Update* Matic has hit our 161.80% Fibonacci Target @ $0.58. Great buy for everyone that got in and accumulated more coins at the critical buy zone areas. Polygon (Matic) Buy Opportunity! Potential 68% Gain. Great Performance throughout the past month from Matic, this cryptocurrency is showing very strong continuation bullish momentum with HH and LL in a bullish range growing just over 240% over the past month. Matic seems to have found some resistance short-term between the 61.80%-78.60% showing indications of a weak retracement. Buy zone from current price level at 50% ($0.37) Fibonacci level for a sniper entry, but will also be looking to accumulate more coins around the 50% Fib level. Wait for price action, further confirmation from Stochastics showing oversold market before entering any Buys. Potential 68% Gain from Buy Zone 1 to 127.20 Fibonacci Level @ 0.68. The road to $1 Polygon (Matic) is clear. Use buy zones to map out your buys and DCA to accumulate more coins. What is Polygon? Previously known as Matic Network, Polygon is a framework for building interconnected blockchain networks. It seeks to address some of Ethereum’s major limitations—including its throughput, poor user experience (high speed and delayed transactions), and lack of community governance—using a novel sidechain solution. Rather than being a simple scaling solution like its predecessor Matic Network—which uses a technology known as Plasma to process transactions off-chain before finalizing them on the Ethereum main chain—Polygon is designed to be an entire platform designed for launching interoperable blockchains. Through Polygon, developers can launch pre-set blockchain networks with attributes tailored to their needs. These can be further customized with a growing range of modules, which allow developers to create sovereign blockchains with more specific functionality. Key Notes: The race is on to be the first interoperability solution to go fully live. Polygon’s proof-of-stake chain and Plasma scaling solution are live, but developers can’t yet launch their own standalone or shared security chains on Polygon until these features are released. Likewise, neither ZK-rollups nor optimistic rollups have been launched on the network, with Plasma currently the only scaling solution available on Polygon. Polygon’s rivals are also rushing to go live with their offerings. As of March 2021, Polkadot has yet to launch public parachains; and while Cosmos’ Stargate upgrade has seen the launch of its Inter blockchain Communication Protocol ( IBC ), it won’t become fully operational until IBC transactions are enabled on the network.
MLong
by CryptocurrencyMagnet
1
Polygon (Matic) Script Buy Signal triggered EMA Crossover SMAPolygon (Matic) Script Buy Signal triggered EMA Crossover SMA Confirms the Bottom and Reversal in Price back to May Highs near the ATH (145% Gain). See previous analysis below. Happy Trading :) Polygon (Matic) has found strong support @ $1. Since the May crash Matic has been on a slow downward trend from the top @ $2.85 and the bottom @ $0.64, currently Matic is trading @ $1.04. Matic looks poised for a big move (175% back to ATH ) from this support zone . Happy Trading Polygon (Matic) Update: 05 /08/2021: To Retest ATH @ $2.72 , Next Stop $3.24 @ 127.20% Fibs, then $3.94 @ 161.80% Fibs and $5.26 @ 227.20% Fibs. 121% Gain from current price to the 127.20% Fibs @ $3.24. Matic has been performing extremely well despite the blood on the streets...See previous analysis below. Happy trading :). $Matic $Polygon See Previous Analysis Below: Matic New ATH $2.70 🎯(80% Gain from Buy Zone) Update: 18/ 05 /21 See previous analysis below. Happy trading :) Polygon (Matic) Update: $1.78 Target Hit. Next Stop $2 at the 161.80% Fibs. 20% Gain from current price level to $2. Next Target after $2 at $2.58, 54% Gain from the current price level. See previous analysis below. Happy Trading :) Polygon (Matic) Update 14/ 05 /21: Matic in Price discovery , our next target price $1.78 at the 227.20 Fibonacci extension . Targets Hit $1, $1.30, Next Stop $1.35 (7% Gain). With this continued momentum to the upside, it is a 43% Gain from current price level @ $1.24 to the 227.20% Fibonacci extension at $1.78. See previous analysis below :) Polygon (Matic) Update 30/04/21: Target Hit @127.20% Fibonacci level, New ATH @ $0.90 140% Gained from this parabolic move! Next Stop $1, . Polygon (Previously known as Matic) Update 27/03/2021) poised to test another New ATH @ $0.67 (15% Gain) from the current price @ $0.58. On the 25th April the 13 EMA crossed up above the 50 SMA signalling a strong buy signal, Polygon gained 70% from this parabolic move back to the ATH levels which were tested last in early March. Our next price target from here is $0.80 (37% Gain) to the 161.8% Fibonacci level. See previous analaysis below :) Polygon (Previously known as Matic) Update 25/03/2021) poised for another test of New ATH @ $0.67 (93% Gain) Polygon (Matic) poised for another test of New ATH @ $0.67 (93% Gain). From Buy Zone 1 Matic has retraced 18% and is now sitting in our Buy Zone to DCA and accumulate. If we continue to retrace to the 23.60% Fibonacci level, expect an explosive move back towards the 61.80% Fibonacci level @ $0.43 (47% Gain). Since reaching the ATH we have failed to break past the 61.80% level but a further retracement to the 23.60% should get the Bulls back in the market and we can expect to finally break through this level after 4 failed attempts from the current ATH . Huge parabolic move still on the cards here, be patient, DCA if you are already riding the wave or look to enter for a potential 93%+ Gain. See previous analysis below. Happy Trading :) Update 20/03/2021 Since reaching a new ATH @ $0.57 after a Buy signal came from our script, Matic retraced down to $0.32 and is currently sitting in our Buy Zone to re-enter Buys to DCA /Accumulate at the 38.20% Fibonacci level @ $0.35. We expect another huge parabolic move for Matic to test the previous ATH @ $0.57 and further push towards the 127.20% Fibonacci level @ $0.67 in search of a new ATH , there is a potential Gain of 93% from the current price level. Be patient use current Buy zones to enter or re-enter to DCA /Accumulate from the current price level. Current Stochastics show an extremely oversold market and we are confident Matic will be in search of new highs in the coming days. Happy Trading :) Update 20/03/2021 Nice set up from Buy Zone 1, potential test of the 50 SMA before bouncing back to the upside. #MaticUsd *Update* Matic has hit our 161.80% Fibonacci Target @ $0.58. Great buy for everyone that got in and accumulated more coins at the critical buy zone areas. Polygon (Matic) Buy Opportunity! Potential 68% Gain. Great Performance throughout the past month from Matic, this cryptocurrency is showing very strong continuation bullish momentum with HH and LL in a bullish range growing just over 240% over the past month. Matic seems to have found some resistance short-term between the 61.80%-78.60% showing indications of a weak retracement. Buy zone from current price level at 50% ($0.37) Fibonacci level for a sniper entry, but will also be looking to accumulate more coins around the 50% Fib level. Wait for price action, further confirmation from Stochastics showing oversold market before entering any Buys. Potential 68% Gain from Buy Zone 1 to 127.20 Fibonacci Level @ 0.68. The road to $1 Polygon (Matic) is clear. Use buy zones to map out your buys and DCA to accumulate more coins. What is Polygon? Previously known as Matic Network, Polygon is a framework for building interconnected blockchain networks. It seeks to address some of Ethereum’s major limitations—including its throughput, poor user experience (high speed and delayed transactions), and lack of community governance—using a novel sidechain solution. Rather than being a simple scaling solution like its predecessor Matic Network—which uses a technology known as Plasma to process transactions off-chain before finalizing them on the Ethereum main chain—Polygon is designed to be an entire platform designed for launching interoperable blockchains. Through Polygon, developers can launch pre-set blockchain networks with attributes tailored to their needs. These can be further customized with a growing range of modules, which allow developers to create sovereign blockchains with more specific functionality. Key Notes: The race is on to be the first interoperability solution to go fully live. Polygon’s proof-of-stake chain and Plasma scaling solution are live, but developers can’t yet launch their own standalone or shared security chains on Polygon until these features are released. Likewise, neither ZK-rollups nor optimistic rollups have been launched on the network, with Plasma currently the only scaling solution available on Polygon. Polygon’s rivals are also rushing to go live with their offerings. As of March 2021, Polkadot has yet to launch public parachains; and while Cosmos’ Stargate upgrade has seen the launch of its Inter blockchain Communication Protocol ( IBC ), it won’t become fully operational until IBC transactions are enabled on the network.
MLong
by CryptocurrencyMagnet
3
Polygon (Matic) Support @ $1, Matic looks poised for a Big MovePolygon (Matic) has found strong support @ $1. Since the May crash Matic has been on a slow downward trend from the top @ $2.85 and the bottom @ $0.64, currently Matic is trading @ $1.04. Matic looks poised for a big move (175% back to ATH) from this support zone. Happy Trading Polygon (Matic) Update: 05/08/2021: To Retest ATH @ $2.72 , Next Stop $3.24 @ 127.20% Fibs, then $3.94 @ 161.80% Fibs and $5.26 @ 227.20% Fibs. 121% Gain from current price to the 127.20% Fibs @ $3.24. Matic has been performing extremely well despite the blood on the streets...See previous analysis below. Happy trading :). $Matic $Polygon See Previous Analysis Below: Matic New ATH $2.70 🎯(80% Gain from Buy Zone) Update: 18/ 05 /21 See previous analysis below. Happy trading :) Polygon (Matic) Update: $1.78 Target Hit. Next Stop $2 at the 161.80% Fibs. 20% Gain from current price level to $2. Next Target after $2 at $2.58, 54% Gain from the current price level. See previous analysis below. Happy Trading :) Polygon (Matic) Update 14/ 05 /21: Matic in Price discovery , our next target price $1.78 at the 227.20 Fibonacci extension . Targets Hit $1, $1.30, Next Stop $1.35 (7% Gain). With this continued momentum to the upside, it is a 43% Gain from current price level @ $1.24 to the 227.20% Fibonacci extension at $1.78. See previous analysis below :) Polygon (Matic) Update 30/04/21: Target Hit @127.20% Fibonacci level, New ATH @ $0.90 140% Gained from this parabolic move! Next Stop $1, . Polygon (Previously known as Matic) Update 27/03/2021) poised to test another New ATH @ $0.67 (15% Gain) from the current price @ $0.58. On the 25th April the 13 EMA crossed up above the 50 SMA signalling a strong buy signal, Polygon gained 70% from this parabolic move back to the ATH levels which were tested last in early March. Our next price target from here is $0.80 (37% Gain) to the 161.8% Fibonacci level. See previous analaysis below :) Polygon (Previously known as Matic) Update 25/03/2021) poised for another test of New ATH @ $0.67 (93% Gain) Polygon (Matic) poised for another test of New ATH @ $0.67 (93% Gain). From Buy Zone 1 Matic has retraced 18% and is now sitting in our Buy Zone to DCA and accumulate. If we continue to retrace to the 23.60% Fibonacci level, expect an explosive move back towards the 61.80% Fibonacci level @ $0.43 (47% Gain). Since reaching the ATH we have failed to break past the 61.80% level but a further retracement to the 23.60% should get the Bulls back in the market and we can expect to finally break through this level after 4 failed attempts from the current ATH . Huge parabolic move still on the cards here, be patient, DCA if you are already riding the wave or look to enter for a potential 93%+ Gain. See previous analysis below. Happy Trading :) Update 20/03/2021 Since reaching a new ATH @ $0.57 after a Buy signal came from our script, Matic retraced down to $0.32 and is currently sitting in our Buy Zone to re-enter Buys to DCA /Accumulate at the 38.20% Fibonacci level @ $0.35. We expect another huge parabolic move for Matic to test the previous ATH @ $0.57 and further push towards the 127.20% Fibonacci level @ $0.67 in search of a new ATH , there is a potential Gain of 93% from the current price level. Be patient use current Buy zones to enter or re-enter to DCA /Accumulate from the current price level. Current Stochastics show an extremely oversold market and we are confident Matic will be in search of new highs in the coming days. Happy Trading :) Update 20/03/2021 Nice set up from Buy Zone 1, potential test of the 50 SMA before bouncing back to the upside. #MaticUsd *Update* Matic has hit our 161.80% Fibonacci Target @ $0.58. Great buy for everyone that got in and accumulated more coins at the critical buy zone areas. Polygon (Matic) Buy Opportunity! Potential 68% Gain. Great Performance throughout the past month from Matic, this cryptocurrency is showing very strong continuation bullish momentum with HH and LL in a bullish range growing just over 240% over the past month. Matic seems to have found some resistance short-term between the 61.80%-78.60% showing indications of a weak retracement. Buy zone from current price level at 50% ($0.37) Fibonacci level for a sniper entry, but will also be looking to accumulate more coins around the 50% Fib level. Wait for price action, further confirmation from Stochastics showing oversold market before entering any Buys. Potential 68% Gain from Buy Zone 1 to 127.20 Fibonacci Level @ 0.68. The road to $1 Polygon (Matic) is clear. Use buy zones to map out your buys and DCA to accumulate more coins. What is Polygon? Previously known as Matic Network, Polygon is a framework for building interconnected blockchain networks. It seeks to address some of Ethereum’s major limitations—including its throughput, poor user experience (high speed and delayed transactions), and lack of community governance—using a novel sidechain solution. Rather than being a simple scaling solution like its predecessor Matic Network—which uses a technology known as Plasma to process transactions off-chain before finalizing them on the Ethereum main chain—Polygon is designed to be an entire platform designed for launching interoperable blockchains. Through Polygon, developers can launch pre-set blockchain networks with attributes tailored to their needs. These can be further customized with a growing range of modules, which allow developers to create sovereign blockchains with more specific functionality. Key Notes: The race is on to be the first interoperability solution to go fully live. Polygon’s proof-of-stake chain and Plasma scaling solution are live, but developers can’t yet launch their own standalone or shared security chains on Polygon until these features are released. Likewise, neither ZK-rollups nor optimistic rollups have been launched on the network, with Plasma currently the only scaling solution available on Polygon. Polygon’s rivals are also rushing to go live with their offerings. As of March 2021, Polkadot has yet to launch public parachains; and while Cosmos’ Stargate upgrade has seen the launch of its Inter blockchain Communication Protocol ( IBC ), it won’t become fully operational until IBC transactions are enabled on the network.
MLong
by CryptocurrencyMagnet
Polygon (Matic) To Retest ATHPolygon (Matic) Update: 09/06/2021: To Retest ATH @ $2.72 , Next Stop $3.24 @ 127.20% Fibs, then $3.94 @ 161.80% Fibs and $5.26 @ 227.20% Fibs. 121% Gain from current price to the 127.20% Fibs @ $3.24. Matic has been performing extremely well despite the blood on the streets...See previous analysis below. Happy trading :). $Matic $Polygon Matic New ATH $2.70 🎯(80% Gain from Buy Zone) Update: 18/ 05 /21 See previous analysis below. Happy trading :) Polygon (Matic) Update: $1.78 Target Hit. Next Stop $2 at the 161.80% Fibs. 20% Gain from current price level to $2. Next Target after $2 at $2.58, 54% Gain from the current price level. See previous analysis below. Happy Trading :) Polygon (Matic) Update 14/ 05 /21: Matic in Price discovery , our next target price $1.78 at the 227.20 Fibonacci extension . Targets Hit $1, $1.30, Next Stop $1.35 (7% Gain). With this continued momentum to the upside, it is a 43% Gain from current price level @ $1.24 to the 227.20% Fibonacci extension at $1.78. See previous analysis below :) Polygon (Matic) Update 30/04/21: Target Hit @127.20% Fibonacci level, New ATH @ $0.90 140% Gained from this parabolic move! Next Stop $1, . Polygon (Previously known as Matic) Update 27/03/2021) poised to test another New ATH @ $0.67 (15% Gain) from the current price @ $0.58. On the 25th April the 13 EMA crossed up above the 50 SMA signalling a strong buy signal, Polygon gained 70% from this parabolic move back to the ATH levels which were tested last in early March. Our next price target from here is $0.80 (37% Gain) to the 161.8% Fibonacci level. See previous analaysis below :) Polygon (Previously known as Matic) Update 25/03/2021) poised for another test of New ATH @ $0.67 (93% Gain) Polygon (Matic) poised for another test of New ATH @ $0.67 (93% Gain). From Buy Zone 1 Matic has retraced 18% and is now sitting in our Buy Zone to DCA and accumulate. If we continue to retrace to the 23.60% Fibonacci level, expect an explosive move back towards the 61.80% Fibonacci level @ $0.43 (47% Gain). Since reaching the ATH we have failed to break past the 61.80% level but a further retracement to the 23.60% should get the Bulls back in the market and we can expect to finally break through this level after 4 failed attempts from the current ATH . Huge parabolic move still on the cards here, be patient, DCA if you are already riding the wave or look to enter for a potential 93%+ Gain. See previous analysis below. Happy Trading :) Update 20/03/2021 Since reaching a new ATH @ $0.57 after a Buy signal came from our script, Matic retraced down to $0.32 and is currently sitting in our Buy Zone to re-enter Buys to DCA /Accumulate at the 38.20% Fibonacci level @ $0.35. We expect another huge parabolic move for Matic to test the previous ATH @ $0.57 and further push towards the 127.20% Fibonacci level @ $0.67 in search of a new ATH , there is a potential Gain of 93% from the current price level. Be patient use current Buy zones to enter or re-enter to DCA /Accumulate from the current price level. Current Stochastics show an extremely oversold market and we are confident Matic will be in search of new highs in the coming days. Happy Trading :) Update 20/03/2021 Nice set up from Buy Zone 1, potential test of the 50 SMA before bouncing back to the upside. #MaticUsd *Update* Matic has hit our 161.80% Fibonacci Target @ $0.58. Great buy for everyone that got in and accumulated more coins at the critical buy zone areas. Polygon (Matic) Buy Opportunity! Potential 68% Gain. Great Performance throughout the past month from Matic, this cryptocurrency is showing very strong continuation bullish momentum with HH and LL in a bullish range growing just over 240% over the past month. Matic seems to have found some resistance short-term between the 61.80%-78.60% showing indications of a weak retracement. Buy zone from current price level at 50% ($0.37) Fibonacci level for a sniper entry, but will also be looking to accumulate more coins around the 50% Fib level. Wait for price action, further confirmation from Stochastics showing oversold market before entering any Buys. Potential 68% Gain from Buy Zone 1 to 127.20 Fibonacci Level @ 0.68. The road to $1 Polygon (Matic) is clear. Use buy zones to map out your buys and DCA to accumulate more coins. What is Polygon? Previously known as Matic Network, Polygon is a framework for building interconnected blockchain networks. It seeks to address some of Ethereum’s major limitations—including its throughput, poor user experience (high speed and delayed transactions), and lack of community governance—using a novel sidechain solution. Rather than being a simple scaling solution like its predecessor Matic Network—which uses a technology known as Plasma to process transactions off-chain before finalizing them on the Ethereum main chain—Polygon is designed to be an entire platform designed for launching interoperable blockchains. Through Polygon, developers can launch pre-set blockchain networks with attributes tailored to their needs. These can be further customized with a growing range of modules, which allow developers to create sovereign blockchains with more specific functionality. Key Notes: The race is on to be the first interoperability solution to go fully live. Polygon’s proof-of-stake chain and Plasma scaling solution are live, but developers can’t yet launch their own standalone or shared security chains on Polygon until these features are released. Likewise, neither ZK-rollups nor optimistic rollups have been launched on the network, with Plasma currently the only scaling solution available on Polygon. Polygon’s rivals are also rushing to go live with their offerings. As of March 2021, Polkadot has yet to launch public parachains; and while Cosmos’ Stargate upgrade has seen the launch of its Inter blockchain Communication Protocol ( IBC ), it won’t become fully operational until IBC transactions are enabled on the network.
MLong
by CryptocurrencyMagnet
4
Polygon (Matic) Update: New ATH 🎯Next Stop 80% Gain to $3.24Polygon (Matic) To Retest ATH , Next Stop $3.24 @ 127.20% Fibs, then $3.94 @ 161.80% Fibs and $5.26 @ 227.20% Fibs. Strong buy signal for Matic was triggered on the lower time frame (1H Chart) on the swing call script. 80% Gain from current price to the 127.20% Fibs @ $3.24. See previous analysis below. Happy trading :). $Matic $Polygon Matic New ATH $2.70 🎯(80% Gain from Buy Zone) Update: 18/ 05 /21 See previous analysis below. Happy trading :) Polygon (Matic) Update: $1.78 Target Hit. Next Stop $2 at the 161.80% Fibs. 20% Gain from current price level to $2. Next Target after $2 at $2.58, 54% Gain from the current price level. See previous analysis below. Happy Trading :) Polygon (Matic) Update 14/ 05 /21: Matic in Price discovery , our next target price $1.78 at the 227.20 Fibonacci extension . Targets Hit $1, $1.30, Next Stop $1.35 (7% Gain). With this continued momentum to the upside, it is a 43% Gain from current price level @ $1.24 to the 227.20% Fibonacci extension at $1.78. See previous analysis below :) Polygon (Matic) Update 30/04/21: Target Hit @127.20% Fibonacci level, New ATH @ $0.90 140% Gained from this parabolic move! Next Stop $1, . Polygon (Previously known as Matic) Update 27/03/2021) poised to test another New ATH @ $0.67 (15% Gain) from the current price @ $0.58. On the 25th April the 13 EMA crossed up above the 50 SMA signalling a strong buy signal, Polygon gained 70% from this parabolic move back to the ATH levels which were tested last in early March. Our next price target from here is $0.80 (37% Gain) to the 161.8% Fibonacci level. See previous analaysis below :) Polygon (Previously known as Matic) Update 25/03/2021) poised for another test of New ATH @ $0.67 (93% Gain) Polygon (Matic) poised for another test of New ATH @ $0.67 (93% Gain). From Buy Zone 1 Matic has retraced 18% and is now sitting in our Buy Zone to DCA and accumulate. If we continue to retrace to the 23.60% Fibonacci level, expect an explosive move back towards the 61.80% Fibonacci level @ $0.43 (47% Gain). Since reaching the ATH we have failed to break past the 61.80% level but a further retracement to the 23.60% should get the Bulls back in the market and we can expect to finally break through this level after 4 failed attempts from the current ATH . Huge parabolic move still on the cards here, be patient, DCA if you are already riding the wave or look to enter for a potential 93%+ Gain. See previous analysis below. Happy Trading :) Update 20/03/2021 Since reaching a new ATH @ $0.57 after a Buy signal came from our script, Matic retraced down to $0.32 and is currently sitting in our Buy Zone to re-enter Buys to DCA /Accumulate at the 38.20% Fibonacci level @ $0.35. We expect another huge parabolic move for Matic to test the previous ATH @ $0.57 and further push towards the 127.20% Fibonacci level @ $0.67 in search of a new ATH , there is a potential Gain of 93% from the current price level. Be patient use current Buy zones to enter or re-enter to DCA /Accumulate from the current price level. Current Stochastics show an extremely oversold market and we are confident Matic will be in search of new highs in the coming days. Happy Trading :) Update 20/03/2021 Nice set up from Buy Zone 1, potential test of the 50 SMA before bouncing back to the upside. #MaticUsd *Update* Matic has hit our 161.80% Fibonacci Target @ $0.58. Great buy for everyone that got in and accumulated more coins at the critical buy zone areas. Polygon (Matic) Buy Opportunity! Potential 68% Gain. Great Performance throughout the past month from Matic, this cryptocurrency is showing very strong continuation bullish momentum with HH and LL in a bullish range growing just over 240% over the past month. Matic seems to have found some resistance short-term between the 61.80%-78.60% showing indications of a weak retracement. Buy zone from current price level at 50% ($0.37) Fibonacci level for a sniper entry, but will also be looking to accumulate more coins around the 50% Fib level. Wait for price action, further confirmation from Stochastics showing oversold market before entering any Buys. Potential 68% Gain from Buy Zone 1 to 127.20 Fibonacci Level @ 0.68. The road to $1 Polygon (Matic) is clear. Use buy zones to map out your buys and DCA to accumulate more coins. What is Polygon? Previously known as Matic Network, Polygon is a framework for building interconnected blockchain networks. It seeks to address some of Ethereum’s major limitations—including its throughput, poor user experience (high speed and delayed transactions), and lack of community governance—using a novel sidechain solution. Rather than being a simple scaling solution like its predecessor Matic Network—which uses a technology known as Plasma to process transactions off-chain before finalizing them on the Ethereum main chain—Polygon is designed to be an entire platform designed for launching interoperable blockchains. Through Polygon, developers can launch pre-set blockchain networks with attributes tailored to their needs. These can be further customized with a growing range of modules, which allow developers to create sovereign blockchains with more specific functionality. Key Notes: The race is on to be the first interoperability solution to go fully live. Polygon’s proof-of-stake chain and Plasma scaling solution are live, but developers can’t yet launch their own standalone or shared security chains on Polygon until these features are released. Likewise, neither ZK-rollups nor optimistic rollups have been launched on the network, with Plasma currently the only scaling solution available on Polygon. Polygon’s rivals are also rushing to go live with their offerings. As of March 2021, Polkadot has yet to launch public parachains; and while Cosmos’ Stargate upgrade has seen the launch of its Inter blockchain Communication Protocol ( IBC ), it won’t become fully operational until IBC transactions are enabled on the network.
MLong
by CryptocurrencyMagnet
Polygon (Matic) To Retest ATH, Next Stop $3.24 @ 127.20% FibsPolygon (Matic) To Retest ATH, Next Stop $3.24 @ 127.20% Fibs, $3.94 @ 161.80% Fibs and $5.26 @ 227.20% Fibs. Strong buy signal for Matic was triggered on the lower time frame (1H Chart) on the swing call script. 58% Gain from current price to the 127.20% Fibs @ $3.24. See previous analysis below. Happy trading :). $Matic $Polygon Matic New ATH $2.70 🎯(80% Gain from Buy Zone) Update: 18/ 05 /21 See previous analysis below. Happy trading :) Polygon (Matic) Update: $1.78 Target Hit. Next Stop $2 at the 161.80% Fibs. 20% Gain from current price level to $2. Next Target after $2 at $2.58, 54% Gain from the current price level. See previous analysis below. Happy Trading :) Polygon (Matic) Update 14/ 05 /21: Matic in Price discovery , our next target price $1.78 at the 227.20 Fibonacci extension . Targets Hit $1, $1.30, Next Stop $1.35 (7% Gain). With this continued momentum to the upside, it is a 43% Gain from current price level @ $1.24 to the 227.20% Fibonacci extension at $1.78. See previous analysis below :) Polygon (Matic) Update 30/04/21: Target Hit @127.20% Fibonacci level, New ATH @ $0.90 140% Gained from this parabolic move! Next Stop $1, . Polygon (Previously known as Matic) Update 27/03/2021) poised to test another New ATH @ $0.67 (15% Gain) from the current price @ $0.58. On the 25th April the 13 EMA crossed up above the 50 SMA signalling a strong buy signal, Polygon gained 70% from this parabolic move back to the ATH levels which were tested last in early March. Our next price target from here is $0.80 (37% Gain) to the 161.8% Fibonacci level. See previous analaysis below :) Polygon (Previously known as Matic) Update 25/03/2021) poised for another test of New ATH @ $0.67 (93% Gain) Polygon (Matic) poised for another test of New ATH @ $0.67 (93% Gain). From Buy Zone 1 Matic has retraced 18% and is now sitting in our Buy Zone to DCA and accumulate. If we continue to retrace to the 23.60% Fibonacci level, expect an explosive move back towards the 61.80% Fibonacci level @ $0.43 (47% Gain). Since reaching the ATH we have failed to break past the 61.80% level but a further retracement to the 23.60% should get the Bulls back in the market and we can expect to finally break through this level after 4 failed attempts from the current ATH . Huge parabolic move still on the cards here, be patient, DCA if you are already riding the wave or look to enter for a potential 93%+ Gain. See previous analysis below. Happy Trading :) Update 20/03/2021 Since reaching a new ATH @ $0.57 after a Buy signal came from our script, Matic retraced down to $0.32 and is currently sitting in our Buy Zone to re-enter Buys to DCA /Accumulate at the 38.20% Fibonacci level @ $0.35. We expect another huge parabolic move for Matic to test the previous ATH @ $0.57 and further push towards the 127.20% Fibonacci level @ $0.67 in search of a new ATH , there is a potential Gain of 93% from the current price level. Be patient use current Buy zones to enter or re-enter to DCA /Accumulate from the current price level. Current Stochastics show an extremely oversold market and we are confident Matic will be in search of new highs in the coming days. Happy Trading :) Update 20/03/2021 Nice set up from Buy Zone 1, potential test of the 50 SMA before bouncing back to the upside. #MaticUsd *Update* Matic has hit our 161.80% Fibonacci Target @ $0.58. Great buy for everyone that got in and accumulated more coins at the critical buy zone areas. Polygon (Matic) Buy Opportunity! Potential 68% Gain. Great Performance throughout the past month from Matic, this cryptocurrency is showing very strong continuation bullish momentum with HH and LL in a bullish range growing just over 240% over the past month. Matic seems to have found some resistance short-term between the 61.80%-78.60% showing indications of a weak retracement. Buy zone from current price level at 50% ($0.37) Fibonacci level for a sniper entry, but will also be looking to accumulate more coins around the 50% Fib level. Wait for price action, further confirmation from Stochastics showing oversold market before entering any Buys. Potential 68% Gain from Buy Zone 1 to 127.20 Fibonacci Level @ 0.68. The road to $1 Polygon (Matic) is clear. Use buy zones to map out your buys and DCA to accumulate more coins. What is Polygon? Previously known as Matic Network, Polygon is a framework for building interconnected blockchain networks. It seeks to address some of Ethereum’s major limitations—including its throughput, poor user experience (high speed and delayed transactions), and lack of community governance—using a novel sidechain solution. Rather than being a simple scaling solution like its predecessor Matic Network—which uses a technology known as Plasma to process transactions off-chain before finalizing them on the Ethereum main chain—Polygon is designed to be an entire platform designed for launching interoperable blockchains. Through Polygon, developers can launch pre-set blockchain networks with attributes tailored to their needs. These can be further customized with a growing range of modules, which allow developers to create sovereign blockchains with more specific functionality. Key Notes: The race is on to be the first interoperability solution to go fully live. Polygon’s proof-of-stake chain and Plasma scaling solution are live, but developers can’t yet launch their own standalone or shared security chains on Polygon until these features are released. Likewise, neither ZK-rollups nor optimistic rollups have been launched on the network, with Plasma currently the only scaling solution available on Polygon. Polygon’s rivals are also rushing to go live with their offerings. As of March 2021, Polkadot has yet to launch public parachains; and while Cosmos’ Stargate upgrade has seen the launch of its Inter blockchain Communication Protocol ( IBC ), it won’t become fully operational until IBC transactions are enabled on the network.
MLong
by CryptocurrencyMagnet
4