Polygon

As prices of cryptocurrency show signs of recovery, lots of activities are being witnessed in the crypto space.

Crypto News Today Paves The Way For Huge Gains With Avorak AI, MATIC and ATOM

Polygon, the Layer 2 scaling solution for Ethereum, has gained significant attention from investors and traders alike. On-chain data from ali_charts reveals that over 28,500 addresses have accumulated approximately 4.10 billion MATIC tokens between the price range of $0.99 to $1.08. According to the savvy analyst, this accumulation has created a strong support level for […]
The post 28,500 Addresses Buy 4.10B MATIC Between $0.99 and $1.08: Analyst appeared first on Coin Edition.

28,500 Addresses Buy 4.10B MATIC Between $0.99 and $1.08: Analyst

The cryptocurrency market is witnessing a resurgence of meme coins, and alongside established projects like Polygon (MATIC) rallying, new contenders are emerging, offering unique features and potential for massive price increases. In this article, we’ll analyze the recent performance of Polygon (MATIC) and introduce a new meme coin, DigiToads (TOADS), which is set to make […]

New Meme Coin DigiToads and MATIC set to Pump

Polygon’s co-founder Mijailo Bjelic shared his thoughts on the launch of the zkEVM mainnet in a recent Bankless podcast. MATIC gained over 7% over the past 24 hours thanks to the latest scalability product. Polygon’s [MATIC] co-founder Mihailo Bjelic and technical lead Jordi Baylina appeared in a podcast with Bankless on 28 March, in which […]

Polygon [MATIC] co-founder: zkEVM mainnet is the ‘holy grail of scaling’

XRP’s upward trend, which started on March 21st, continues to gain momentum, as the cryptocurrency has surged by over 49% since the end of the “crypto winter.” Breaking through a major resistance level below $0.5, XRP is showing strong gains and bullish momentum in the market.   XRP is currently trading at $0.5510, positioning it among the leading cryptocurrencies behind Bitcoin, Ethereum, Tether, BNB, and USDC. With all this said, what’s ahead for XRP bulls soon? Related Reading: Ethereum Shanghai Update Gives Native Tokens A Boost In Price What Are The Reasons Behind XRP’s Uptrend? Ripple’s innovations and developments have been a clear indicator of the XRP’s current uptrend. The company that offers blockchain-based payment systems and digital currency (XRP) is one of the leaders in the shift towards the ISO 20022 standard.  Ripple’s ISO 20022 standard is a set of messaging protocols and data formats that enable its payment system to communicate with other payment protocols and networks that also use the ISO 20022 standard.  This alignment allows for more efficient and transparent cross-border transactions, as detailed transaction data can be more easily shared and reconciled between different payment systems.  By aligning with the ISO 20022 standard, Ripple aims to improve speed and efficiency. and transparency of cross-border payments, reduce transaction costs and provide a more seamless and integrated payment experience for its customers.  Ripple has been aligned with this standard since the beginning and is expected to benefit from the increased adoption and integration of the new standard.  Overall, Ripple’s adoption of the ISO 20022 standard is a positive development for the payments industry, as it promotes standardization and interoperability between different payment protocols.  The recent adoption of the ISO 20022 standard, Ripple’s potential legal victory against the SEC, and the advancements in the XRP ledger (XRPL) have significantly contributed to the current upward trend of the altcoin. As a result, XRP holders feel more bullish and confident about their investments, hoping this uptrend will be sustainable in time.  Critical Monthly Close For XRP Ahead As per a recent update by trader and analyst Egrag Crypto, the Monthly Close of XRP holds significant importance as it could determine the cryptocurrency’s future path. As seen in the chart above, if XRP closes above the Fibonacci (Fib) 0.5 level, represented by the $0.59 mark, it could reach the Fib 0.702 and Fib 0.786 levels. If XRP manages to close above the Fib 0.786 level, called by Egrag Crypto the “troposphere,” it could easily reach the Fib 1.618 level, which is the next target for the altcoin in the near term.  XRP has achieved a significant milestone by surpassing levels not seen since May 2022. The altcoin is now facing another hurdle at the $0.598 mark, which it must breach to continue its upward trajectory.  XRP has demonstrated impressive gains in the past seven, fourteen, and thirty-day periods, with profits of 17%, 47%, and 46%, respectively, outpacing other cryptocurrencies in the market. Related Reading: MATIC Could Target $1.40 If Bullish Momentum Continues Featured image from iStock, chart from TradingView.com

XRP Breaks Major Trendline, Rises 49% Amid Regulatory Uncertainty

MATIC has seen significant price growth over the last 24 hours, following a period of strong bearish influence in the past week. On the daily chart, the altcoin surged by almost 6%. At present, MATIC is trading above its $1.07 support line. Over the last week, MATIC fell by 3%, but with Bitcoin rising on the chart, most altcoins have been attempting to break past their immediate resistance levels. The technical outlook for the altcoin has improved, but sellers still appear to have the upper hand. Related Reading: Bitcoin Net Taker Volume Nears In On Bullish Crossover Demand has risen slightly, which is also reflected positively in the accumulation. Buyers will gain force if MATIC tries to breach the immediate resistance level. The overhead resistance is a crucial price mark for the altcoin, as surpassing it could propel the price to $1.40 If MATIC stays above the $1 level, the bulls will consistently try to push the price north. The market capitalization of MATIC has improved, reflecting that buyers are attempting to re-enter the market. MATIC Price Analysis: One-Day Chart At the time of writing, Polygon was trading at $1.11. The altcoin has broken past the vital price resistance mark of $1.09, which has now been flipped into a support line. However, $1.09 is not the closest support line for MATIC; local support still stands at $1.07. If the price falls below $1.07, it could drop to $0.96. On the other hand, if MATIC breaks past the overhead ceiling of $1.19, the bulls will have the potential to push the price past $1.40. The amount of MATIC traded in the last session turned green, reflecting increased demand. Technical Analysis Buyers began showing confidence in the asset as it showed signs of recovery. The Relative Strength Index experienced a slight increase and moved closer to the half-line, indicating that buyers were attempting to enter the positive zone. However, despite the increase in buying strength, sellers still had the upper hand. MATIC was trying to surpass the 20-Simple Moving Average line due to the growing demand, but at the moment, the price momentum was being driven by sellers. Although some technical indicators have shown some improvement, they remained negative. The Moving Average Convergence Divergence indicated sell signals with red signal bars, implying a negative trend. Related Reading: DOT Price (Polkadot) Prediction: Bulls Aim Fresh Surge To $7 The Directional Movement Index also showed negativity, as the -DI (orange) line was above the +DI (blue) line, indicating that the price direction had yet to gain any optimism at the time of writing. The Average Directional Index was below 20, indicating a lack of strength in the price direction. Featured Image From UnSplash, Charts From TradingView.com

MATIC Could Target $1.40 If Bullish Momentum Continues

Market reaction to the recent Polygon zkEVM launch kept MATIC above $1. But on-chain data shows that crypto whales remain unconvinced.
The post Polygon (MATIC) Holds the $1 Support but Could Bearish Whales Trigger Lower Prices? appeared first on BeInCrypto.

Polygon (MATIC) Holds the $1 Support but Could Bearish Whales Trigger Lower Prices?

Arbitrum and Optimism registered better numbers in transaction fees than Polygon MATIC whales have been accumulating since the web3 project’s official launch of its zero-knowledge network The launch of the Polygon [MATIC] zkEVM Mainnet could set in motion a combat among projects in the layer two (L2) ecosystem. Surely, all, including Arbitrum [ARB] and Optimism [OP], […]

MATIC loses to ‘optimist’ demand, but are whales planning a comeback

Ethereum Layer 2 (L2) blockchains are heating up in the crypto industry as they provide a very needed service to investors. These L2s make it so transaction on the Ethereum network is very cheap compared to the Layer 1 blockchain. There are already a number of L2 blockchains that are now competing for market share on the Ethereum blockchain. Out of these, the top 3 are Polygon, Arbitrum, and Optimism, all of which have seen tremendous support in the market. In this report, we take a look at these L2s to determine which is the best performer. Looking At Ethereum Layer 2 Blockchains The top 3 Ethereum Layer 2 blockchains are doing quite well and their total value locked (TVL) has grown since their inception. However, there has been a wide gap when it comes to usage, as well as a difference in the TVL on the blockchain. Arbitrum, although the last to gain widespread popularity, has surged ahead of the rest in terms of TVL and usage. The L2 currently boasts the fourth largest TVL in the whole of decentralized finance (DeFi) with over $2.2 billion locked so far. Related Reading: Six Million Bitcoins Now Lost Forever? Why This Matters For comparison, Polygon is the second-best performing Layer 2 network but it only has around $1.07 billion in TVL, over 50% lower than that of Arbitrum. Furthermore, Optimism is the lowest performer of the three but it is not far behind Polygon with a TVL of $923 million. When it comes to usage, Arbitrum is still way ahead of the rest with a 24-hour volume of $583 million compared to $148 million for Polygon and $38 million for Optimism. Arbitrum volume outpaces all other L2 | Source: DeFiLlama Arbitrum, Optimism, And Polygon Token Performance With Arbitrum’s airdrop last week, the top 3 Ethereum Layer 2 blockchains all have tokens now, which means their performances can be compared to one another. Some have done better than others, but the margin remains quite narrow. OP price performs best of the top 3 ETH L2 | Source: OPUSD on TradingView.com Presently, the price of Arbitrum (ARB) is sitting at $1.26, rising 10% in the last day, but it is not the only one that has achieved this fear. Optimism (OP) has done even better, surging over 10.39% in the same time period to cross $2.28. Related Reading: Bitcoin In Free Fall As Regulators Turn Their Attention To Binance Polygon (MATIC) is the worse performer of the bunch in this regard with 8% gains that have brought its price to $1.14. However, MATIC remains the largest out of the three with a market cap of $10.35 billion compared to $1.6 billion for ARB and $716 million for OP. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from InvestingCube, chart from TradingView.com

Arbitrum, Optimism, And Polygon: Which Is The Ultimate Ethereum L2?

In this interview, Varun Satyam — CEO and Co-founder of Davos Protocol, explains how their stable asset ecosystem enhances capital efficiency through the innovative application of liquid staking for the benefit of its community. Q: What can you tell us about the Davos Protocol? What are your vision and objective? A: Davos Protocol is an innovative DeFi ecosystem that aims to establish itself as a leading lending and borrowing protocol on the Polygon Network, providing users with a more capital-efficient version of MakerDAO. On Davos, users will be able to borrow the DAVOS Stable Asset by staking MATIC as collateral. The platform uses a combination of over-collateralization and liquid staking to solve the widely discussed “Stablecoin trilemma” from the capital-efficiency perspective without compromising on decentralization. With Davos Protocol, our vision is to provide real and sustainable yield streams to users by using liquid staking. The largest source of crypto yield from Proof-of-Stake (PoS), by leveraging liquid staking, the rewards from PoS are accessible and extractable in DeFi, allowing Davos to extract yield from a volatile asset and transfer it into a Stable Asset (DAVOS). The underlying assumption is that people are more attracted to the yield on a stable asset than the yield on a volatile asset. Ultimately, Davos Protocol intends to provide the market with a reference rate for stablecoins, marking a shift away from previous Collateralized-Debt-Positions (CDPs) that prioritize cheaper borrowing but do little to contribute to the yield of stablecoins. By providing a reference rate, the Davos Protocol may become an essential part of the DeFi ecosystem, providing both real and sustainable yields to users while contributing to the overall stability of the market. DAVOS is a new stable asset that offers new channels for revenue generation and wealth preservation, making it an exciting development in the DeFi space. Q: We know the Davos Protocol launched the first liquid staking product on top of Polygon; what is liquid staking, and how is it different from regular staking? A: Proof-of-Stake (PoS) networks offer an opportunity for token holders to lock up their tokens and use their weight to validate transactions, earning attractive returns for their participation. However, traditional staking has a significant drawback as it renders the tokens illiquid, meaning that they cannot be transacted, traded, or used as collateral. To solve this problem, liquid staking provides a solution that enables users to receive a token that represents their staked amount and rewards earned, which can be used as collateral or traded elsewhere. Liquid staking remedies the liquidity challenges faced by traditional staking – by offering users timely access to funds, alternative strategies, yield stacking, and exposure to crypto-backed loans while generating a passive income in the background. With this approach, users can maximize their earning potential while enjoying the best of both worlds, earning rewards for staking and yield generation activities in the DeFi space. Q: Can you give us a brief description of the mechanism behind your liquid staking model? How does it work? A: Davos Protocol has implemented a clever strategy on top of the MakerDAO architecture to maximize the returns on deposited collateral while minimizing risk. This is achieved by taking advantage of liquid staking, which involves staking the collateral, generating a reward-bearing token, and then converting the resulting yield. Hence, instead of your collateral remaining idle, the protocol stakes it, thereby putting capital to work for you. To execute this strategy, the protocol uses a yield converter to split the yield from the principal amount in the form of deposited collateral. It allows the protocol to extract rewards on a weekly basis, which is sent to the Davos Revenue Pool. In addition to the liquid staking rewards, the pool also receives borrowing interest generated by the protocol. The use of the low-risk MATIC liquid staking strategy allows Davos Protocol to become a high-yield generating protocol where it is able to accumulate a large amount of combined revenue from liquid staking and borrowing interest, which is then distributed among stakers and liquidity providers respectively. As a result, Davos is able to generate both real and attractive returns for its users. Q: Are there any compromises in terms of security or decentralization? Why should someone put their money into your product and not a competitor? A: Fundamentally, the objective of Davos is to attract stablecoin investors, who are the largest contributor of TVL in DeFi by leveraging liquid staking on staked assets to generate a sustainable and real yield on a Stable Asset (DAVOS). Our focus is on providing greater capital efficiency at minimal risk by combining the fully redeemable DAVOS Stable Asset with a strategy to generate yield against MATIC collateral via liquid staking. As a decentralized, unbiased, over-collateralized cryptocurrency, DAVOS is able to avoid slashing and the lockup of user tokens, which should attract more investors in the long term. We’re continuously striving to guarantee low-risk and attractive yields without impermanent loss or market risk. This will remain a fundamental pillar of Davos Protocol’s search for capital efficiency, allowing us to resolve the shortcomings associated with stablecoins. Furthermore, our development team has a deep understanding of the security needs and requirements of a protocol like ours. With a focus on secure and transparent code, we are dedicated to providing our users with a stable and secure platform for yield generation. Our team’s commitment to security is reflected in our audits (Veridise and Quantstamp), and the fact that we are continually seeking out opportunities for further assessments (3rd audit scheduled for Q2) to ensure the highest level of security for our users. Q: In addition to traditional staking rewards, what are the benefits for users leveraging Davos’ product? A: Davos Protocol has positioned itself in an attractive corner of the market by learning from the success of UST on Terra and addressing the fundamental flaws in their mechanisms. The platform recognizes that investors desire attractive and sustainable returns to be easily accessible without the need for complex yield farming or DeFi participation. To meet the needs of both DeFi experts and retail users, Davos offers a range of options that cater to their investment appetites. For the more experienced DeFi users, Davos will provide various opportunities to generate returns through yield farming, arbitrage and boosted vaults. Additionally, once the DGT (Davos Governance Token) is released, users will be able to participate in gauge weight voting related to liquidity gauges and borrowing gauges. Furthermore, the DGT token will allow users to have a say in the platform’s governance and monetary policy-related decision-making processes. These options provide experienced DeFi users with the possibility to receive returns ranging from 12-24% APY, making it a lucrative option for those looking for attractive earning potential on DeFi ecosystems through active participation. For retail investors, Davos Protocol offers a simple and hassle-free way to potentially earn a yearly APY of 7-9% by purchasing and staking DAVOS on the platform. This provides a sustainable and predictable return on investment without the need for active involvement in the DeFi ecosystem. Moreover, Davos plans to be integrated with certain centralized exchanges (CEXs) that will offer their user base a non-custodial staking solution. This will enable retail investors to stake their DAVOS tokens directly on CEXs, thereby making it even easier for them to earn a stable return on their investment. By offering a non-custodial staking solution, Davos Protocol allows investors to retain full control over their funds, thereby providing an added layer of security. This feature is likely to appeal to retail investors who are new to DeFi and may be hesitant to use decentralized solutions. By providing a range of options that caters to the needs of both veteran DeFi users and retail investors, Davos Protocol has positioned itself as a versatile platform that can meet the needs of a diverse range of investors. We believe this is an important factor that can attract a larger user base by providing investors with sustainable and attractive returns accompanied by simplicity. Q: Why should a user transition from a traditional staking model to a liquid staking model? What are the main advantages? A: Liquid Staking offers a unique opportunity to bridge the gap between staking and DeFi, enabling users to benefit from both. It unlocks the potential of PoS as a significant source of crypto yield while providing liquidity to use staked assets in DeFi projects during the lock-up period. This not only increases yields for users but also promotes staking participation, strengthening the network and the crypto ecosystem as a whole. Davos Protocol recognizes liquid staking as DeFi in its purest form, providing users with the best of both worlds. Davos just takes it one step further by offering users a stable asset that can leverage liquid staking and over-collateralization to allow for the generation of real and sustainable returns on the Stable Asset DAVOS. Q: Besides the first liquid staking product on Polygon, there are reports of Davos launching a stablecoin on this network. What can you tell us about it? Are stablecoins necessary for the long-term adoption of DeFi? A: DAVOS cannot be considered a stablecoin since the goal of DAVOS is not to hold an absolute peg to the U.S. Dollar or any other fiduciary currency. It is a stable asset that aims for high price stability over an absolute peg. We have achieved this by applying a monetary policy in governing Davos Protocol to distribute the bulk of its income to DAVOS stakeholders. Currently, DAVOS Stable Assets are backed by the capital-efficient Collateralized Debt Position (CDP) of Davos Protocol. We see this changing in the future with the protocol extending its support to major PoS chains, enabling the use of their native assets as collateral. Q: Finally, what is your vision for the future of DeFi and Decentralized Applications? Liquid staking is innovative, but do you see it becoming the standard for other platforms? What is the Davos Protocol’s contribution to the crypto space in this context? A: ​ Liquid staking is an innovative feature in DeFi that allows users to free up their tokens from their contracts and profit from them. This means users are not required to maintain a long lockup period, a feature typically associated with crypto staking. It also enables users to earn passive income from their funds while accessing the capital markets. PoS networks require users to stake their assets to secure the network. When the first networks emerged, their native tokens had limited functionality. The best option for users was to stake their assets to the network’s validators. But with the emergence of DeFi, the share of assets that users own has decreased. This is because the newer models of economic activity related to farming and lending have increased the efficiency of these assets, allowing users to extract more value from fewer assets. Davos functions as a layer-2 smart contract platform that’s Polygon-compatible and optimized for DeFi with built-in liquidity and ready-made financial applications. Furthermore, Davos’ open-source nature allows other DeFi projects to build on top of the protocol. The protocol’s product layer is just as decentralized as its smart contracts, thus creating more incentives for frontends to grow the Davos ecosystem and provide unique tools for users.      

How The Davos Protocol Is Transforming Staking on Polygon


                    
                    ARB's price trajectory looks similar to MATIC after its market debut when MATIC rose 1,350% after facing a brutal selloff in its early days of trading.
                    The price of Arbitrum (ARB) has dropped by nearly 20% a week after establishing its record high at $1.60 on March 23. However, the Ethereum layer-2 token looks set to resume its uptrend in the coming weeks.Polygon price fractalThe cues for a bullish Arbitrum token could be traced back to its Ethereum L2 rival Polygon's market debut.MATIC started trading on Binance on April 26, 2019, at $0.0026 per token. MATIC/USD rallied nearly 300% to reach $0.0105 on the same day before wiping out 70% of those gains in a market correction by May 9, 2019.It regained its upside momentum afterward, rallying by nearly 1,350% to $0.045 on May 21, 2019.  MATIC/USDT four-hour price chart. Source: TradingView/MacThe price trajectory reflects a recurring phenomenon involving the launch of digital tokens with seemingly strong fundamental backing, according to independent market analyst Mac.For instance, Solana (SOL), a layer-1 blockchain, rallied 50,000% before undergoing a similar pump, correction, and sideways consolidation phase after its exchange debut in April 2020. SOL/USD daily price chart. Source: TradingView/MacArbitrum price could hit $2 by AprilFrom a fundamental perspective, Arbitrum has emerged as a strong contender in the Ethereum L2 space in recent months, with several leading DeFi protocols, including GMX, Uniswap, Sushi, and Aave, among its users."GMX and Radiant on Arbitrum are two of the fastest-growing protocols in terms of both fundamentals and price appreciation this year," noted Dustin Teander, a researcher at analytics firm Messari, adding:""Looking at user retention metrics, it’s apparent these protocols have gained above-market traction compared to imported protocols like Uniswap or Aave."Optimism vs. Arbitrum monthly user retention rates. Source: MessariAs of March 29, the total value locked (TVL) across Arbitrum pools rose to $2.2 billion versus around $981 million three months ago, according to data resource Defi Llama. Related: Arbitrum airdrop sells off at listing, but traders remain bullish on ARBMac noted that Arbitrum's strong fundamentals could limit ARB's downside prospects and prompt traders to re-accumulate the token in the coming weeks.ARB/USDT hourly price chart. Source: TradingView/MacThat may lead to another price run-up, eyeing $2 by April 2023. as illustrated below.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.


ARB price to $2? Ethereum L2 rival Arbitrum will double in April, fractal suggests

Over the past few years, the cryptocurrency space has heightened in popularity as more traders seek to take advantage of the opportunities offered by this exciting and fast-evolving industry. Notably, users continuously seek out the most promising ventures to key into for the long term as competition heats up. However, even in bullish conditions, sometimes the […]

Orbeon Protocol (ORBN) Sustains Steady Growth As ADA, MATIC Go Bearish

The MATIC/USD pair traded within a narrow range between $1.03 and $1.09, with bulls unable to break the key resistance of $1.2.The lack of any major upside momentum could be attributed to a lack of investor interest in the altcoin markets, with Bitcoin dominating the cryptocurrency market in recent days. The launch of the Polygon […]
The post MATIC Fails to Break Higher Despite Launch of Polygon zkEVM Mainnet appeared first on Coin Edition.

MATIC Fails to Break Higher Despite Launch of Polygon zkEVM Mainnet

MATIC Price Prediction: Over the last two weeks, the MATIC price witnessed a steady downfall between two converging trendlines. In the 4-hour time frame chart this correction phase is shaped into a famous bullish continuation pattern called a falling wedge. Here’s how this pattern is likely to influence the polygon coin’s future price. Key Points  
The post MATIC Price Prediction: Bear Trap Drives Polygon Coin Price For A Potential 18% Rally appeared first on CoinGape.

MATIC Price Prediction: Bear Trap Drives Polygon Coin Price For A Potential 18% Rally

Gambulls, the online full licensed Web3 casino platform, is set to introduce its highly-anticipated NFT collection, Gambulls NFT Collection, on March 31st, 2023. 
This unique NFT collection will be available on Magic Eden, the cross-chain NFT marketplace, and the Gambulls collection will feature 6,673 different Bulls, with only seven of them being Legendaries, all based on the Polygon network.
Have you secured your wishlist spot yet to get your hands on one of these exclusive NFTs? If not, you must secure a spot on Gambulls' rapidly filling whitelist on their Discord channel. 
Additionally, Gambulls regularly offers giveaways and updates on the minting process on their Twitter and Discord channels, both of which have seen tremendous growth leading up to the release date.
The release of the NFTs aims to build a more extensive ecosystem for Gambulls and offer exclusive rewards and utilities for its users. 
Those rewards and utilities will be accessible through Gambulls’ sports betting arm (rakebacks, bonuses, promotions), better wagering limits (increasing the current $50 limit on spins and bonus buys), and the Turnkey process (empowering the community and their role in the decision-making aspect). 
Gambulls NFT owners can win weekly cash prizes in online gaming, access the engage-to-earn program, rakeback bonuses, and promotions for the Sports Betting feature that will soon be launched on the platform.

The 3D Gambulls NFT collection has a limited number of 6,673 minted NFTs, including 7 Legendaries, each with varying rarities assigned to them. The value of these NFTs can be determined by how likely they are to possess certain traits, making them more collectible and desirable. 
Furthermore, the minted 3D Gambulls offer additional rakeback on Sports Book bets. In addition, they provide access to the upcoming engage-to-earn program that spans the entire Gambulls platform. 
A preview of the 2D Gambulls collection was recently shared with the community. Everyone who mints a 3D Gambulls NFT will receive a 2D Gambulls as a bonus. The 2D collection’s artwork is very different from the 3D collection and will provide future utility to holders. 
The Gambulls NFT collection is a part of Gambulls' larger roadmap to create a Metaverse ecosystem that will revolutionize the online gaming experience. 
By utilizing NFTs, Gambulls will continually raise capital to develop its ecosystem and reinvest these funds into the community and holders by offering them incentives.
The Gambulls NFT Marketplace will be developed in the future, employing three major blockchains - Ethereum, Polygon, and Solana. 
This marketplace will allow users to seamlessly switch between networks, explore a wide range of NFTs, and make purchases with their preferred cryptocurrencies that are network-compatible.|
To achieve its vision, Gambulls intends to continually build strong relationships with its community through trust, transparency, and community support. 
With your MATIC tokens, grab your exclusive Gambulls NFTs and join the Gambulls Metaverse.
To stay updated with the Gambulls NFT collection and other projects, join any of their channels, including Discord, Gambulls NFT page, Twitter, or Instagram.
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.

Gambulls NFT Collection Set To launch In Less Than 1 Week

On Monday, Polygon, the leading Ethereum scaling platform, officially released the beta version of its zero-knowledge Ethereum Virtual Machine (zkEVM) to the general public. This debut is projected to be one of the most anticipated events of 2023 in the cryptocurrency space. The launch took place following a funding round of $1 billion, two audits 
The post Polygon Unveils Its Layer-2 zkEVM Network; Is MATIC Price Poised To Rally? appeared first on CoinGape.

Polygon Unveils Its Layer-2 zkEVM Network; Is MATIC Price Poised To Rally?

The post Polygon Launches zkEVM Mainnet! Here’s How MATIC Price is Going to React Next appeared first on Coinpedia Fintech News
The decline in the price of Polygon (MATIC) by almost 5% during the speeches of US Fed Chair Jerome Powell and US Treasury Secretary Janet Yellen serves as a compelling indication that global market concerns can influence the performance of cryptocurrencies. This event should be considered a significant factor in determining Polygon’s future price movements. …

Polygon Launches zkEVM Mainnet! Here’s How MATIC Price is Going to React Next

Many crypto projects have been looking at ways to improve their systems to make things quicker and easier for its users, and Polygon is one of these projects. Today, Polygon is taking one step closer to achieving this goal with the launch of the Polygon zkEVM mainnet beta. Polygon zkEVM Beta is the leading ZK […]
The post MATIC Price Predictions Vary Leading Up To Polygon zkEVM Launch appeared first on Coin Edition.

MATIC Price Predictions Vary Leading Up To Polygon zkEVM Launch

In July 2022, Polygon Labs, zkSync and Scroll ZKP launched a race to build the best zero-knowledge Ethereum Virtual Machine (zkEVM). After $1 billion in funding, two external audits, and an internal audit of 26 researchers, today is the day – March 27, 2023 – when the Polygon zkEVM will be launched. Although the Polygon (MATIC) price does not currently reflect the euphoria, the launch will have long-term positive effects. The Polygon zkEVM will make Ethereum more scalable, as well as provide better security and privacy. Polygon is launching its zkEVM ahead of all its competitors with today’s launch. Polygon #zkEVM Mainnet Beta is launching today. Watch it all unfold:https://t.co/hb3EbdfADD pic.twitter.com/ltZh0eBRCS — Polygon (@0xPolygon) March 27, 2023 Polygon Makes Ethereum More Secure, Faster, More Private In a Substack article, @Louround_ and @expctchaos explored these benefits in detail. According to them, the most obvious reason to get excited about zk rollups is “the tremendous scalability they offer.” Zk rollups theoretically allow thousands of transactions per second. Aside from scalability, the zkEVM is most notable for its security. The main difference with alternative L1 blockchains is that it does not have its own validation set. Instead, the zkEVM effectively shares security with the Ethereum base layer thanks to the mathematical verifiability of the proofs that roll-ups post on L1. Related Reading: Polygon (MATIC) Down By 7% Amidst Massive Whale Activity “In summary, it is reasonable to assume that a zk-rollup implementation like Polygon zkEVM provides superior security guarantees than most alternative L1 chains that rely on security provided by smaller validator sets with less value at stake,” the analysts write. Last but not least, the use of zero knowledge proofs also reduces the amount of shared transaction data, making zk-rollups almost privacy-preserving by default. Simply put, using zero knowledge proofs can prove the validity of a statement without revealing specific information. High-Profile Partners Offer Great Potential Yet the partners already announced that will use Polygon’s zkEVM also paint a bullish picture. They include Quickswap DEX, Uniswap, Immutable, Aave, 0vix, LensProtovol, Covalent and OnePlanet NFT. Quickswap DEX has a Total Value Locked (TVL) of $155 million and is the first dapp ever built on the Polygon zkEVM testnet. Quickswap boasts some pretty impressive numbers with more than 40,000 liquidity pairs, about 280,000 liquidity providers and more than 130,000 users. Related Reading: Polygon (MATIC) At Risk Of Dropping To $1 Despite Mercedes Benz Deepening Partnership Uniswap and Aave are among the most popular DeFi protocols on Ethereum and will undoubtedly cause a stir with their better performance. Uniswap is the leading DEX on almost all chains, including Polygon, where monthly volumes have averaged $2.7 billion so far since the beginning of the year. Aave is the top lending platform on Polygon with TVL of $308 million. Immutable is the top place to go when it comes to GameFi on Polygon. The new Immutable zkEVM, has the potential to completely change the GameFi scene in terms of speed, efficiency and overall user experience. MATIC Price Falters, How Much Longer? At press time, the MATIC price stood at $1.07 and showed no momentum on the occasion of the zkEVM launch. To the south, the 200-day Exponential Moving Average (EMA) is currently the key support at $1.04, which must be held to avoid a fall towards $0.96. To the upside, the area at $1.25 is crucial. Featured image from Moonstats, chart from TradingView

Polygon Launches Its zkEVM, Why It’s Bullish For MATIC

Millionaire status can come awfully quick in crypto if you buy the right things. If you’ve been stacking great projects like Polygon during the bear market, you might be closer to being a millionaire than you think. In today’s video, how much MATIC does it take to become a millionaire?

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Make MILLIONS With Polygon 🤑!! How much MATIC Do You Need??

y00ts announced it will migrate to Polygon on 27 March 2023. A day remains until the zkEVM release but MATIC continues to suffer.  Polygon [MATIC] recently witnessed a major boom in its NFT ecosystem, suggesting growth. Santiment’s chart showed that Polygon’s total NFT trade count and trade volume in USD increased considerably since 16 March […]