Tag Archives: maticusdt

Can It Gain Bullish Momentum?

August 19, 2024 RecentlyHeard

Aayush Jindal, a luminary on this planet of monetary markets, whose experience spans over 15 illustrious years within the realms of Foreign exchange and cryptocurrency buying and selling. Famend for his unparalleled proficiency in offering technical evaluation, Aayush is a trusted advisor and senior market professional to buyers worldwide, guiding them by means of the intricate landscapes of recent finance along with his eager insights and astute chart evaluation.

From a younger age, Aayush exhibited a pure aptitude for deciphering advanced methods and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he launched into a journey that will lead him to turn out to be one of many foremost authorities within the fields of Foreign exchange and crypto buying and selling. With a meticulous eye for element and an unwavering dedication to excellence, Aayush honed his craft over time, mastering the artwork of technical evaluation and chart interpretation.
As a software program engineer, Aayush harnesses the facility of know-how to optimize buying and selling methods and develop progressive options for navigating the unstable waters of monetary markets. His background in software program engineering has outfitted him with a novel talent set, enabling him to leverage cutting-edge instruments and algorithms to achieve a aggressive edge in an ever-evolving panorama.

Along with his roles in finance and know-how, Aayush serves because the director of a prestigious IT firm, the place he spearheads initiatives aimed toward driving digital innovation and transformation. Below his visionary management, the corporate has flourished, cementing its place as a pacesetter within the tech business and paving the way in which for groundbreaking developments in software program growth and IT options.

Regardless of his demanding skilled commitments, Aayush is a agency believer within the significance of work-life stability. An avid traveler and adventurer, he finds solace in exploring new locations, immersing himself in several cultures, and forging lasting recollections alongside the way in which. Whether or not he is trekking by means of the Himalayas, diving within the azure waters of the Maldives, or experiencing the colourful vitality of bustling metropolises, Aayush embraces each alternative to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast dedication to steady studying and development. His tutorial achievements are a testomony to his dedication and fervour for excellence, having accomplished his software program engineering with honors and excelling in each division.

At his core, Aayush is pushed by a profound ardour for analyzing markets and uncovering worthwhile alternatives amidst volatility. Whether or not he is poring over value charts, figuring out key help and resistance ranges, or offering insightful evaluation to his shoppers and followers, Aayush’s unwavering dedication to his craft units him aside as a real business chief and a beacon of inspiration to aspiring merchants across the globe.

In a world the place uncertainty reigns supreme, Aayush Jindal stands as a guiding mild, illuminating the trail to monetary success along with his unparalleled experience, unwavering integrity, and boundless enthusiasm for the markets.

Bitcoin

Will Polygon Prices Recover After Sinking 65%?

August 17, 2024 RecentlyHeard

Dalmas, a seasoned crypto reporter, brings a novel perspective to the business. His specialization in NFTs, blockchain, DeFi, and blockchain information for NewsBTC, mixed with a background in mechanical engineering and over a decade of expertise in journalism, has allowed him to craft over 10,000 information and have articles over the previous eight years. His various vary of matters, together with expertise, Foreign exchange, and finance, displays his complete understanding of the crypto panorama.

His technical experience and analytical abilities have been acknowledged and featured by main information shops comparable to Investing.com, CoinTelegraph, Entrepreneur, Forbes, and different authority websites. Notably, he broke key information, together with the Ripple and MoneyGram partnership, cementing his place as a thought chief in crypto.
The information exploded. Over 100,000 individuals devoured this meticulously crafted report, from seasoned buyers to curious newcomers. His evaluation wasn’t simply dry info and figures; it crackled with perception, dissecting the implications of the partnership and its potential influence on the way forward for finance.

His deep understanding of the monetary markets, technological developments, and blockchain developments has made him a revered voice within the business.

Dalmas can also be the founding father of BTC-Pulse, a crypto information web site, additional demonstrating his dedication to the sector. He firmly believes that DeFi and NFTs are right here to remain and can proceed to drive monetary inclusion.

Coming from Nairobi, Kenya, it’s simple to see the supply of his inspiration: Throughout Africa, tens of millions lack entry to conventional banks. Distant villages, restricted documentation, and excessive minimal balances create insurmountable limitations.

DeFi, not simply Maker or Aave, for instance, however consider Bitcoin and USDT, cuts out the intermediary. Neglect banks with their limitations.
Even so, DeFi is not a magic answer. The continent nonetheless struggles with dependable web entry, and academic campaigns highlighting the advantages of this glorious answer are inadequate. Furthermore, even for these , understanding DeFi can appear to be studying a brand new language.

Dalmas is right here to assist make the tech simple to know and digestible, even for rookies.
The story of DeFi in Africa remains to be being written. Challenges abound, however the promise of a extra inclusive monetary future is a robust motivator. With innovation and collaboration, Dalmas firmly believes that DeFi might change into the important thing to unlocking Africa’s full financial potential.
This chance and its immense worth encourage Dalmas to proceed breaking key DeFi improvements and extra throughout the globe. His engineering background additional enhances his potential to ship well-thought-out items that mix technical perception with clear, impactful reporting.

Past his skilled achievements, Dalmas is deeply captivated with expertise and politics. Insurance policies drive adoption, and being on the forefront and maintaining with how they evolve is essential for the sphere to mature.

When Dalmas shouldn’t be intently monitoring the newest crypto occasions, he might be present in nature, exploring the picturesque countryside, and touring together with his household and pals. His love for journey and discovery completely enhances his investigative and reporting abilities.
You’ll be able to join with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.

Bitcoin

Polygon Price Risks Plunge With 90 Million MATIC Tokens Selling At $0.5

August 3, 2024 RecentlyHeard Leave a comment

Polygon (MATIC) just lately broke under the essential help degree at $0.5 and is liable to additional worth declines. This worth drop is due to a number of merchants who offloaded their tokens as quickly as Polygon reached this help degree amid the downtrend within the broader crypto market.

Polygon Faces Important Promoting Strain

The Alternate-Onchain Market Depth indicator in the marketplace intelligence platform IntoTheBlock reveals that Polygon is presently going through important promoting strain. Over 90 million tokens have been offered after the coin hit $0.5. This indicator tracks the order books of the highest 20 exchanges and reveals the typical worth at which merchants wish to purchase and promote the token.

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Polygon bulls couldn’t defend the essential help degree of $0.5 as additional information from IntoTheBlock reveals that simply over 55 million tokens have been purchased at a median bid worth of $0.49. In the meantime, Polygon is liable to additional worth declines, with information from IntoTheBlock exhibiting that the promote orders proceed to outweigh the purchase orders.

Supply: IntoTheBlock

The silver lining amid this wave of sell-offs is that Polygon whales look to have maintained their confidence within the MATIC token and have taken benefit of this worth dip to build up extra tokens. Knowledge from IntoTheBlock reveals that giant holders’ web flows have elevated by over 1,700% within the final seven days, indicating accumulation amongst these traders.

Solely 3% of Polygon holders are presently within the cash, which may result in additional worth drops for the crypto token. If the crypto token doesn’t rebound quickly sufficient, the 96% of traders presently at a loss may minimize their losses in some unspecified time in the future, thereby triggering one other wave of sell-offs for MATIC.

Because of its bearish worth motion, Polygon just lately dropped out of the highest 20 crypto rankings by market cap. Knowledge from CoinMarketCap reveals that it’s presently the twenty-first largest crypto token by market cap, behind Litecoin.

Market Circumstances Not Making It Simpler For MATIC

The present situations within the broader crypto market have additionally contributed to Polygon’s current decline. Bitcoin just lately dropped to as little as $63,500 from $69,000, dragging altcoins down within the course of. Tokens like MATIC have suffered extra important worth drops due to their robust optimistic worth correlation with Bitcoin.

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The flagship crypto has skilled this worth decline due to the rising tensions within the Center East, with Iran and Israel on the forefront. Nevertheless, the market is anticipated to select up once more quickly sufficient, which means that tokens like MATIC may get pleasure from a large rebound sooner fairly than later. The primary objective can be for the crypto token to reclaim the essential help degree at $0.5.

On the time of writing, Polygon is buying and selling at round $0.48, down nearly 2% within the final 24 hours, in accordance with information from CoinMarketCap.

Polygon MATIC price chart from Tradingview.com — MATIC worth stays under $0.5 | Supply: MATICUSDT on Tradingview.com

Featured picture created with Dall.E, chart from Tradingview.com

Bitcoin

Daily Active Addresses And Transactions Soar, MATIC Gains 5%

July 28, 2024 RecentlyHeard Leave a comment

Layer 2 scaling resolution Polygon has maintained sturdy community exercise even because the broader cryptocurrency market and its native token, MATIC, skilled a downturn within the second quarter of 2024, in line with a brand new report from market intelligence platform Messari.

Polygon Weathers Crypto Market Downturn

Whereas MATIC noticed a 44.3% drop in its circulating market cap to $5.5 billion over the quarter, inserting it because the twentieth largest crypto asset (at present on the twenty sixth place), the protocol’s on-chain metrics remained sturdy.

That is in distinction to bigger cryptocurrencies akin to Bitcoin and Ethereum, which noticed their market capitalization decline by 12% and 6%, respectively, over the identical interval.

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The important thing driver behind Polygon’s stability in community efficiency throughout the second quarter of the yr, in line with Messari, was the implementation of Ethereum Enchancment Proposal (EIP) 4844 on the Polygon mainnet in Q1 2024.

This improve, which launched “blobs” to the community, considerably decreased the typical transaction charge on Polygon from $0.017 to only $0.01, leading to a lower of 41.1%.

In consequence, Polygon’s income derived from community transaction charges fell 40.6% to $4 million in Q2 2024. Nonetheless, this drop was not on account of a lower in person exercise, however reasonably the decrease charges enabled by EIP-4844. In truth, Polygon’s person metrics continued to soar, with the protocol seeing sturdy development throughout a number of key indicators.

On-Chain Exercise And Ecosystem Development

Based on the report, the typical variety of each day energetic addresses climbed to 1.2 million, a 47.6% improve quarter-over-quarter (QoQ). The typical variety of each day returning addresses rose much more, up 50.5% to 1 million. Furthermore, new addresses being added to the community grew by 31.7% to 167,800 per day on common.

The report additionally notes that Polygon’s transaction quantity additionally held regular, averaging 4.1 million each day transactions, slightly below its all-time excessive and representing a 3.9% improve from the prior quarter.

As compared, fellow Layer 2 networks Arbitrum (ARB) and Base noticed common each day energetic addresses of 545,000 and 528,000 respectively.

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Whereas Polygon’s decentralized finance (DeFi) complete worth locked (TVL) dropped 22.9% to $1 billion, this was largely attributable to the decline in MATIC’s worth reasonably than a web outflow of capital. Messari reported that TVL denominated in MATIC truly elevated by 38.1% to 1.8 billion tokens.

Nonetheless, DeFi protocols on Polygon noticed blended outcomes, with Aave, Uniswap, and SushiSwap all experiencing declines in TVL starting from 13% to 25%. Quickswap noticed the most important drop at 35%.

Lastly, Polygon’s non-fungible token (NFT) market additionally remained secure, with common each day NFT quantity dipping barely by 5.7% to $1.8 million. Nonetheless, the variety of each day NFT gross sales truly elevated by 1.8% to 52,000, underscoring ongoing collector curiosity.

On the time of writing, MATIC has skilled a mere 5% improve to a buying and selling worth of $0.512, after hitting a 2-year low of $0.428 on July fifth.

Coupled with this worrying worth motion, the token has seen a 30% lower in buying and selling quantity over the previous few days, amounting to $197 million, in line with CoinGecko knowledge. All of this has resulted in an 82% distinction to MATIC’s all-time excessive of $2.91, which was set throughout the 2021 bull run.

Featured picture from Shutterstock, chart from TradingView.com

Bitcoin

MATIC Targets $0.5030 As Bearish Pressure Halts Recent Uptrend

July 20, 2024 RecentlyHeard Leave a comment

Current buying and selling actions have brought about the value of MATIC to slip, concentrating on the $0.5030 mark, following a interval of robust upward momentum disrupted by bearish strain. This sudden drop, pushed by rising bearish sentiment out there, has sparked hypothesis amongst merchants and buyers about whether or not the $0.5030 help stage will maintain or if additional declines are imminent.

Because the bearish sentiment round MATIC continues to construct, this text seeks to research its present value actions and the technical indicators that recommend a sustained decline. The purpose is to supply readers with a complete understanding of MATIC’s potential future trajectory.

MATIC’s value was buying and selling at roughly $0.511 and was down by 3.93% with a market capitalization of over $5 billion and a buying and selling quantity of over $250 million as of the time of writing. Its market capitalization and buying and selling quantity have decreased by 3.88% and 20.31% within the final 24 hours.

Market Overview: MATIC Current Efficiency And Present Slide

On the 4-hour chart, MATIC exhibits an energetic bearish pattern and is presently shifting beneath the 100-day Easy Transferring Common (SMA) towards the $0.5030 help stage. It’s noteworthy that MATIC had beforehand tried a bullish correction however was halted at $0.5673.

The 4-hour Composite Pattern Oscillator signifies that MATIC could proceed its bearish motion towards the $0.5030 mark, because the sign line has crossed beneath the SMA of the indicator, with each strains presently making an attempt a transfer beneath the zero line.

On the 1-day chart, MATIC has skilled a three-day uninterrupted bearish transfer towards the $0.5030 help stage, buying and selling beneath the 100-day SMA. If this bearish momentum continues, the digital asset may drop beneath $0.5030, extending its downward pattern.

Lastly, the 1-day composite pattern oscillator signifies that MATIC’s value is prone to proceed its present bearish pattern, because the sign line is making an attempt to cross beneath the SMA of the indicator and transfer again into the oversold zone.

Future Outlook: Potential Eventualities For MATIC’s Value Motion

MATIC’s present value motion means that the coin is on the verge of extending its bearish transfer, with $0.5030 as an important level to look out for. If the value reaches this stage and breaks beneath, it may ignite a decline towards the $0.3132 help vary. When this stage is breached, the crypto asset could expertise an extra value lower towards different decrease ranges.

Nevertheless, ought to MATIC face rejection on the $0.5030 stage, it might begin to ascend once more towards the $0.9488 resistance stage. It may additional expertise further value beneficial properties, probably difficult the $1.096 mark and different larger ranges if the $0.9488 resistance is breached.

Bitcoin

Polygon Announces Date For MATIC To POL Token Upgrade

July 20, 2024 RecentlyHeard Leave a comment

On Thursday, the Polygon Basis introduced the date for its upcoming MATIC to POL improve after reaching a group consensus. The long-awaited token migration will happen in lower than two months and goals to kickstart Polygon’s native token growth. MATIC noticed a 7% drop following the information.

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Save The Date: Polygon Token Improve Coming Quickly

The Layer-2 scaling answer for Ethereum, Polygon, revealed the extremely anticipated date for its native token improve. Set for September 4, the preliminary section will start with the token migration from MATIC to POL.

Polygon Basis declares token improve date. Supply: Polygon Basis on X

Per the announcement, POL will initially change MATIC “because the native gasoline and staking token for Polygon PoS.” The improve went stay on the testnet on July 17 to “function a gown rehearsal” to determine and repair potential points earlier than the mainnet migration.

Upgrading Polygon PoS from MATIC to POL is a major endeavor that requires the best safety potential, together with strong testing. (…) A testnet migration permits customers, builders, and infrastructure suppliers to familiarize themselves with the processes of upgrading, making certain technical validation and minimizing disruptions throughout the mainnet improve.

Through the subsequent phases, the POL improve goals to broaden Polygon’s utility as an aggregated blockchain community by offering safety and “unifying liquidity and shared state throughout a number of chains.”

Per the put up, some MATIC holders might should take sure actions for the migration relying on the place they maintain their tokens. POL will probably be mechanically upgraded for MATIC holders on Polygon PoS and no motion is required.

In the meantime, motion is required for customers on Ethereum, Polygon zkEVM, or centralized exchanges (CEXes). These holders must improve to POL by means of a token migration contract.

MATIC Falls 7%, Is $0.4 Or $1 Subsequent?

Following the information, Polygon’s native token noticed a worth decline of round 7%. The token, buying and selling at $0.54 on the time of the announcement, fell to the $0.52 worth vary within the subsequent 2 hours.

MATIC’s worth dropped to the $0.51 help zone, at present hovering between the $0.513 and $0.518 vary. This efficiency represents a 4% retrace within the month-to-month chart. Nonetheless, the token displays inexperienced numbers within the weekly and biweekly timeframes, with a 2% improve. Moreover, MATIC registers a 34% improve in its day by day exercise, with a day by day buying and selling quantity of $374.7 million.

Some market watchers have contradictory opinions on Polygon’s native token efficiency. Crypto analyst The Cryptonomist shared a bearish forecast for MATIC in an X put up.

Per the put up, the analyst highlighted that MATIC had a “stunning breakdown” from a “giant rising wedge with increased TF resistance.” This steered to the analyst that the token will proceed descending, even when a retest is feasible. In consequence, she steered a worth goal of $0.4.

In the meantime, Zayk Charts acknowledged that MATIC was transferring inside a falling wedge sample within the macro chart. The analyst thought-about {that a} breakout out of the bullish sample may gasoline a rally towards the $1 worth vary.

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Crypto analyst Alex Clay considers MATIC to be at a “generational backside.” Clay highlighted that the token noticed a 20,000% return run after its earlier 630-day-long channel accumulation.

The analyst believes that MATIC’s present 1218-day-long accumulation inside a Symmetrical triangle may result in double-digit worth targets. His prediction consists of hitting the $4.5, $7.1, and $9.75 resistance ranges earlier than reaching a double-digit goal.

Featured Picture from Unsplash.com, Chart from TradingView.com

Bitcoin

Technical Indicators Hint At Sustained Uptrend

May 5, 2024 RecentlyHeard

MATIC is the native utility token of the Polygon blockchain and it’s at present ranked 18th by market cap, with a complete provide of 10 billion MATIC and a complete buying and selling quantity of over $204 million within the final 24 hours. It has been shifting upward since its final rejection at a $0.6342 assist degree.

Following the latest bullish development of the crypto market, MATIC has not been left behind as the worth has been on an uptrend with very robust momentum for some time now. Since its final rejection level, MATIC has seen a worth reversal of over 10%.

Technical Indicators Level Towards Sustained Uptrend For MATIC

To determine the place MATIC’s worth could be headed subsequent, a number of indicators can be utilized to look at the chart;

1-Day MACD: A technical have a look at the MACD indicator from the 4-hour timeframe, the MACD histograms are trending above the zero line, and each the MACD line and the Sign line have crossed and are heading in the direction of the MACD zero line, indicating a bullish development.

1-Day RSI: the formation of the Relative Energy Index (RSI) within the above picture additionally suggests an upward motion because the RSI sign line is seen shifting towards the 50% degree. This means that patrons are progressively turning into lively out there due to this fact overpowering the energy of sellers.

4-hour Alligator: A have a look at the alligator indicator from the 4-hour timeframe reveals that the crypto asset is buying and selling above the alligator traces because the alligator lip and enamel have each efficiently crossed above the alligator jaw, suggesting that the worth may proceed to maneuver in an upward course.

Potential Worth Motion

From the earlier downward motion, the worth of MATIC has managed to create one main resistance degree of $0.7365 and one main assist degree of $0.6324. At present, MATIC is shifting towards this resistance degree and if it breaks above this degree, it’d go even additional to check the following resistance degree of $0.7680.

Nonetheless, if it fails to interrupt above this main resistance, it would reverse and begin a downward motion towards its earlier assist. Additionally, if it manages to interrupt under this assist degree, the worth may transfer additional downward thereby persevering with on its downtrend. As of the time of writing the worth of MATIC was buying and selling round $0.7253 and about -0.94% down within the final 24 hour

Featured picture from Shutterstock, chart from Tradingview.com

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