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Polygon (MATIC) On Rise After Announcing The Launch Of Accelerator Program

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Polygon (MATIC) started to rise on Monday morning after announcing a collaborative effort with Alpha Venture DAO and Icetea Labs to launch the inaugural Icetea Labs Accelerator Program for blockchain startups.

Along with the partnership announcement, Polygon Developers tweeted: Six startups were launched in Icetea Labs’ accelerator program powered by Polygon.

The Polygon (MATIC) price increased shortly after the announcement to $0.775263, up more than 5.0% from the previous day. In the past 24 hours, its trading volume has also increased by about 5.39%, according to data from CoinMarketCap.

On September 11th, according to Nomics Data, MATIC’s price began to drop steadily as it did with the rest of the crypto market. Trade volume was also low – decreasing from $1.29 billion on September 12th to $496.70 million on September 16th, while prices varied from $0.804935 to $0.691834

However, the token’s price began to increase slowly after September 20th. According to CoinMarketCap, the preceding week showed an improvement of 3.8%. The cost increased from $0.728306 on September 25th due to this new partnership.

Polygon (MATIC) Accelerator Program

Alpha Venture DAO is a collaborative-owned company in Southeast Asia that supports startups looking to succeed under the umbrella of Web3. Icetea Labs also acts as an incubator that helps nurture new projects through their research stage.

According to Polygon Developers, this three-part partnership will launch an accelerator program that will focus on mentorship, education, and business skills for promising Web3 startups in need of resources like funding and human capital from other successful startups already operating in this field.

They further claim that selected firms would receive intense training for eight weeks—a brief analysis of the stats for the first 250 applications to the accelerator. 73,000 people cast votes, with a 2% acceptance rate.

The projects in the inaugural cohort of the Icetea Labs Accelerator Program are also mentioned in the tweet’s comment section. The first project is Victory Point, and it’s a free-to-play, first- and third-person, AAA multiplayer shooter with P2E features built using Unreal Engine 5.

The second one is Trouble Punk | Cyber Gals, a battle royale-style online action game that prioritizes fun and captivating storylines. Gamers without tokens or Non-Fungible Tokens (NFT) can play in Free To Play (F2P).

Related Article: Starbucks and Polygon Collaborate to Ramp up Its Web3 Experience

Looking to Gain Profits in the Current Financial Market? Try Keninah Concord, Polygon, and Litecoin Today

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Since their introduction into the world’s financial market, cryptocurrencies have given the market a boost and contributed to its major growth and development. Old cryptocurrencies like Litecoin (LTC) and Polygon (MATIC) have provided a variety of use cases by helping to solve real-world problems. Keninah Concord (KEN) is a new cryptocurrency that aims to solve even more real-world problems by leveraging blockchain technology to help war victims. This article is centered around Keninah Concord (KEN) and how it intends to contribute to crypto adoption alongside Litecoin (LTC) and Polygon (MATIC). 

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Looking to Gain Profits in the Current Financial Market? Try Keninah Concord, Polygon, and Litecoin Today 4

Keninah Concord (KEN)

Focused on putting its community first, Keninah Concord (KEN) is a platform that aims to assist war victims from around the world to gain access to help through donations by integrating and utilizing cryptocurrency, blockchain, and its underlying technology to give efficiency and help this cause.

The Keninah Concord (KEN) platform is an open-source and fully decentralized platform that intends to engage and utilize all the benefits associated with decentralized finance (DeFi) powered by its community, give donors to war victims wholesome transparency and reliability, and ensure that the war recipients get prompt delivery of donations. 

The Keninah Concord (KEN) network also intends to achieve simplicity and accessibility by making its platform user and eco-friendly by providing features such as a payment gateway, a donations wallet, and a means of verifying on-chain transactions. 

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Looking to Gain Profits in the Current Financial Market? Try Keninah Concord, Polygon, and Litecoin Today 5

Does the Keninah Concord (KEN) Platform have a Roadmap?

Contained in its whitepaper, the Keninah Concord (KEN) platform has a roadmap that is divided into two phases. The activities that will occur in each phase are as follows:

  • Phase 1:
    • Core team formation. 
    • Website launch.
    • First token event. 
  • Phase 2:
    • MVP Release.
    • Second token offering with a fully functional product.
    • Beta Version release.
    • Listing on exchanges.
    • Expansion of team.
    • Final product rollout.

More information about the Keninah Concord (KEN) roadmap can be found in its whitepaper. 

The KEN Token Supply and Distribution

The KEN token, the native utility and governance token of the Keninah Concord (KEN) platform, has uniquely structured tokenomics, token supply, and distribution that make it unique and stand out from other tokens on the crypto market today. The KEN token will be built around smart contracts and supported by the Binance Smart Chain (BSC). 

The KEN token will have a total maximum supply of 5 billion tokens which will be allocated as follows: 

  1. 5% of the total supply will be allocated to the Keninah Concord (KEN) charity wallet where it will be distributed to charitable institutions and organizations around the globe. 
  2. 5% of the total token supply will be sold during the token’s private sale. 
  3. 20% of the total supply will be offered up for sale to the public. 
  4. 10% will be given to strategic investors in the Keninah Concord (KEN) platform. 
  5. 10% will be allocated to the founders and members of the Keninah Concord (KEN) community. 
  6. 10% will be allocated to the marketing team for the advertisement and public enlightenment of the Keninah Concord (KEN) token.
  7. 10% will be given to the platform’s advisors. 
  8. 20% will be allocated to the Keninah Concord (KEN) Foundation reserve. 
  9. 10% will be allocated to the Keninah Concord (KEN) liquidity pool. 

The Keninah Concord ecosystem is also offering users who purchase the KEN token using Ethereum (ETH) or Binance Coin (BNB) on the Binance Smart Chain (BSC) an 11% or 14% bonus respectively. 

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Looking to Gain Profits in the Current Financial Market? Try Keninah Concord, Polygon, and Litecoin Today 6

Polygon (MATIC) and Litecoin (LTC)

Formerly known as Matic Network, Polygon (MATIC) is a Layer 2 easy-to-use scaling solution for scaling on the Ethereum (ETH) blockchain network and the development of blockchain-related infrastructure. The Polygon (MATIC) Network is supported by Polygon SDK. Polygon SDK is the modular, flexible core component of the Polygon (MATIC) network that supports the building and development of different types of decentralized applications (dApps) on the Polygon (MATIC) network. The Polygon (MATIC) network effectively uses its features to transform Ethereum (ETH) into a multi-chain system by leveraging Ethereum’s vibrant ecosystem, security, and openness.

Founded in 2013 by early cryptocurrency and digital asset adopter Charlie Lee, Litecoin (LTC) is an altcoin that utilizes blockchain technology to enable the operation of fast, secure, and low-cost transactions on its network. Litecoin (LTC) was developed based on Bitcoin’s (BTC) code, however, Litecoin (LTC) possesses several distinguishing features from the pioneer cryptocurrency. For instance, Litecoin (LTC) has a relatively fast block time of 2 minutes and 30 seconds, and cheap transaction fees thereby making the Litecoin (LTC) protocol suitable for the operation and regulation of micro and small-scale transactions and Point-Of-Sale (POS) payments. 

The Polygon (MATIC) Network Mechanism of Operation

The Polygon (MATIC) network is secured by a combination of the Proof-of-Stake (PoS) consensus mechanism and Plasma Framework blockchain architecture. The Plasma Frameworks mechanism was proposed by Ethereum’s (ETH) creator, Vitalik Buterin. The framework enables the relatively easy execution and running of scalable and autonomous decentralized smart contracts. 

The Polygon (MATIC) team is focused on creating new features that will be built around this hybrid Plasma-PoS mechanism to expand and boost the network’s ability to cater to diverse needs from the Polygon (MATIC) ecosystem. The team will also ensure to develop the Plasma-PoS technology so that it can lead to the growth of a larger ecosystem through its scalability. 

Due to the unique hybrid mechanism that serves as Polygon’s underlying technology,  about 65,000 transactions are performed per block of each of the Polygon (MATIC) network’s side chains. These transactions occur with a respectable and particular block confirmation time of fewer than two seconds per transaction.

The Polygon (MATIC) network is powered by its native cryptocurrency governance and utility token known as MATIC. The token is an ERC-20 standard token that is built on the Ethereum (ETH) blockchain. The MATIC token has a fixed total maximum supply of 10 billion tokens and this makes the token deflationary. The token serves various use cases but it is mainly utilized by being burned as base fees on the Polygon (MATIC) network. Of the total maximum supply of the token, 19% was sold during the token’s initial launchpad sale in 2019. The remaining MATIC tokens are allocated as follows:

  • 16% is given to the Polygon (MATIC) team,
  • 4% is allocated to the network’s advisors,
  • 12% is distributed to the Polygon Network Operations,
  • 21.86% will be utilized as the Polygon (MATIC) network’s foundation tokens,  
  •  23.33% will be allocated and utilized as ecosystem tokens. 

What is Litecoin (LTC) all about?

Litecoin (LTC) is the second purest cryptocurrency in the world behind Bitcoin (BTC). Although Bitcoin (BTC) offers numerous benefits to its users and the world’s financial market as a whole, its network is plagued by several limitations including but not limited to slow transaction speeds and expensive transaction and gas fees. Litecoin (LTC) on the other hand has fast transaction speeds and is cost-efficient as its transaction fees are very cheap and nearly negligible. 

The Litecoin (LTC) protocol allows mining on its protocol as it utilizes the same consensus mechanism as Bitcoin (BTC) called the Proof-of-Work (PoW) consensus mechanism. The algorithm of this consensus mechanism allows transactions performed on the Litecoin (LTC) protocol to be processed quickly and without errors. 

LTC, the native token of the Litecoin (LTC) protocol has a total maximum supply of 84 million coins of which 70 million are currently in circulation. Find more information here.

Polygon Support Added by OpenSea Along With Other Features

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The layer two scaling solution, Polygon, has been included in the Seaport protocol implementation by OpenSea, the largest NFT market by volume.

OpenSea stated in June that it was abandoning the Wyvern protocol in favor of Seaport, an open-source marketplace protocol that has been examined by Web3 security companies OpenZeppelin and Trail of Bits. At the time, OpenSea claimed switching to OpenSea would result in an annual fee savings of $460 million.

“Starting today, we will begin using Seaport for all new listings and offers on Polygon! We’re excited to start using Seaport across multiple blockchains to improve the experience for everyone on OpenSea.”

Polygon support added to beat high Ethereum fees

The latest change was done in an effort to lower the price of Ethereum gas, make signature confirmation operations easier to read, and get rid of the necessity that new users pay an initial setup fee.

OpenSea announced the introduction of the new support in a blog post, stating that they were “happy to do so” after studying Seaport’s effects for several months and gathering helpful feedback. “We will add support for Klaytn and other EVM-compatible chains as well,” the statement continued.

Using Seaport on Polygon, according to OpenSea, allows for the introduction of a number of additional features, such as no listing thresholds, collection and attribute offer multiple creator rewards, and bulk transfers.

The capability to list and purchase on OpenSea using the Polygon network’s native token, MATIC, maybe the most significant new feature.

“As part of the shift to Seaport, OpenSea now supports using MATIC, Polygon’s native token, as a payment option. Anyone transacting on Polygon using OpenSea will now be required to pay for their own gas fees for transacting using MATIC.”

Other features include English and Dutch auctions, purchasing for another wallet, and native token support. etc.

Here’s How Ethereum’s PoS Will Be A Gamechanger For Polygon

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Ethereum’s transition to proof of stake (PoS) scheduled for mid-September has already been hailed as a significant milestone in the crypto-verse for a more open, decentralized, and equitable web. The crypto community has been closely watching all the necessary updates regarding the merge.

Not to fall behind is its Layer-2 solution scaling solution Polygon [MATIC], a sidechain” that runs alongside the Ethereum providing for speedy transactions and low fees. The team behind the layer 2 protocol has published a blog explaining what the upcoming merge meant for Polygon.

According to the post, the merge would transform the network to be more environmentally friendly. “But it will not lower Eth’s gas fees or increase its speed. In fact, the network depends on Polygon and other Layer 2 solutions to solve this”, it claimed.

Most importantly, the merge would reduce the massive carbon footprint of Ethereum, ramp up the network’s security, and reduce ETH inflation.

The team wrote that it stands to benefit from Eth’s improved security and overall growth in the ecosystem–just like Ethereum gains from the Polygon companies’ suite of scaling solutions, like the recently announced Polygon zkEVM. 

“So proof of stake changes the narrative: ETH is now like Polygon, a significantly more environmentally-friendly network”, the blog read.

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Here's How Ethereum's PoS Will Be A Gamechanger For Polygon 8

In addition to that, the switch to PoS is also aimed at cutting down the network’s energy consumption by nearly 99.95%.

Ethereum becomes future-proof, just like Polygon, in a global moment when cutting back CO2 matters more than ever before. The merge lines up with our Green Manifesto, and our commitment to becoming a carbon-negative chain by the end of 2022.

“Ethereum Merge Will Make Web3 A Reality”

Polygon team also pondered on the future roadmap of Ethereum and its vision of becoming a settlement layer for Layer 2 solutions. As per the blog, any growth in the settlement layer is a win-win situation for Polygon, and “ease of use would help make Web3 a reality”.

Terming the future of Polygon and Ethereum as symbiotic, the post then took note of Polygon’s recent zkEVM breakthrough, which it claims will process transactions at “dramatically reduced costs and increased speeds–necessary to onboard a billion users to the Eth ecosystem.”

Polygon Announces Its Plans for the Rest of 2022; Hooks up With Mercedes Benz

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Layer 2 scaling platform Polygon talks about its experience in the first half of 2022, during which various milestones were achieved, in a recap published on its official blog post.

In terms of network expansion, the team claims that as of its April study, there were over 19,000 applications active on the platform (up from about 7,000 in January). Additionally, it states that there are often around 90 million monthly transactions and 153,000 total contract creators.

It said that it has pledged $1 million, including $100,000 for the most recent round, to finance public goods on GitCoin since late December. It was also said that the team spent a total of $2 million on hackathon rewards and Gitcoin pledges.

In the first half of 2022, Polygon ID, a self-sovereign identification solution based on zero-knowledge cryptography was released. It has enormous possibilities for DAO governance.

One of the most recent is Polygon zkEVM, an open-source zk-Rollup that offers full EVM equivalent for the Ethereum user experience.

In addition, the team announces remarkable relationships with a significant number of important Web2 and Web3 projects, including Meta, Flipkart, the NFL, eBay, and more.

Polygon’s plans for the rest of 2022

The Layer 2 scaling platform claims it has enormous plans for the remainder of 2022 that will surely be focused on three important areas: products, events, and accelerators. Its goal is to get one million developers into the MATIC ecosystem.

According to Polygon, there are a lot of gatherings and activities that help onboard and assist users. It stated that it will be introducing accelerators to amplify the most interesting companies in its ecosystem.

Major agreements are anticipated to bring together some of the top brains in the industry in the coming months as it works to empower developers.

In other news, Mercedes Benz strikes a collaboration with Polygon. A blockchain-based data sharing network will be built by Daimler South East Asia, a division of the Mercedes-Benz Group, using the Ethereum Layer-2 scaling solution Polygon.

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Polygon Announces Its Plans for the Rest of 2022; Hooks up With Mercedes Benz 10

The decision to use the MATIC network furthers Polygon’s global growth in a variety of industries. Data exchanges will take place on the MATIC and Ethereum Rinkeby testnets, according to sources from Daimler South East Asia. Additionally, companies will be required to utilize stablecoins to make payments in order to safeguard the monetary worth of data.

Polygon Gains 25% Following Disney Accelerator Program Announcement

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The Disney Accelerator program will welcome Polygon Network (MATIC), according to the official statement issued by its official handle on Twitter.

The Walt Disney Company is in charge of the largest business development program, Disney Accelerator, which aims to spur the expansion of forward-thinking entertainment businesses worldwide.

Artificial intelligence (AI), non-fungible tokens (NFTs), and augmented reality (AR) application cases will be the program’s primary emphasis in 2022. (AI).

Polygon’s MATIC spiked 25% post the announcement

MATIC, Polygon’s token, responded to the news right away. In less than seven hours, the price of MATIC increased by nearly 25 percent, returning to a five-week high of over $0.65. The best-performing large cap is MATIC.

As of the time of publication, the price of MATIC had somewhat decreased; it is currently trading at $0.6208 on the main spot trading platforms. Even yet, it continues to be the coin with the best performance among all large-cap cryptocurrencies.

This next week will see the launch of the Disney Accelerator program. Flickplay and Lockerverse Web3 social applications, the AI start-ups InVerse and Obsess, and the AR pioneers Red 6 will join MATIC there.

In other news Shopping.io, a major cryptocurrency e-commerce site, now supports the PolyDoge coin. This means that PolyDoge may now be used to buy products from well-known merchants like Amazon, eBay, and Walmart.

PolyDoge (POLYDOGE) is the PolyDoge blockchain’s native crypto asset. It is a dApp developed on the Polygon blockchain that provides users with access to a range of DeFi platforms as well as a number of fascinating interactions via NFTs. It may be used by POLYDOGE traders to trade or access other DeFi protocols on the Polygon blockchain.

Shiba Inu’s 410 Trillion Burn Rate Surpasses MATIC’s Market Cap

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According to the Shibburn tracker, more than $4 billion worth of Shiba Inu has been destroyed since the mechanism was implemented, exceeding the whole market cap of MATIC in terms of burnt coins on the Shiba Inu network.

The burn tracker indicates that, with the assistance of numerous enterprises and organizations using the token, the network effectively burnt over 410 trillion tokens. The SHIB burning mechanism was created by the developers to provide ongoing support for the token price, which should increase in line with the shrinking supply.

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Shiba Inu’s 410 Trillion Burn Rate Surpasses MATIC’s Market Cap 12

Shiba Inu’s burnt supply is more than that of currencies MATIC as a result of the burning mechanism’s implementation some months ago, which caused the overall value of burned coins to skyrocket even further.

Shiba Inu’s price seems unaffected despite the burns

The fundamental cause of Shiba Inu’s burning mechanism’s inefficiency is related to the enormous amount of money held by smaller investors, which frequently exerts enough selling pressure to negate all gain SHIB receives from frequent burning occurrences.

Fortunately, the memetoken had a very successful movement in the last month, increasing in value by over 35% in just a few days. But SHIB lost all its gain in the last week as it plummeted by 8% in a week.

In other news, the number of holders appears to have climbed despite the current unfavorable market conditions for the coin. The Twitter account called MILKSHAKE reports that there are over 1,190,350 SHIB holders.

According to recent data from WhaleStats, SHIB enters the leaderboard in a comparison of the top 500 ETH whales. SHIB holds the second position with over $575,314,716 in holdings.

MATIC Making Huge Moves As Price Leaps By 93% In 6 days

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Polygon’s Matic is leading the crypto brigade with a whopping 93% surge in less than a week after months of turmoil. The sharp rally amidst the market downturn is attributed to several weeks of accumulation by some of its richest investors.

Recent on-chain metrics showed that the asset’s shark & whales addresses have shot up as they are accumulating big since last month.

That includes the cohort of Polygon token holders ranging from 10,000 to 10 million coins, which have “collectively added 8.7% more to their bags” since May 9.

The above activities highlight the confidence of whales about the token’s long-term recovery. Although, that seems promising but is not necessarily a bullish indicator of the asset’s price action.

Currently, MATIC is trading at $0.60, up by more than 65% in the weekly index, as per data from coinmarketcap. Over the week, MATIC saw a series of developments that contributed to the price uptrend.

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MATIC Making Huge Moves As Price Leaps By 93% In 6 days 14

Two days ago, U.S. crypto exchange Coinbase announced support for transactions on Polygon. The announcement noted:

Over the next month, eligible Coinbase customers will be able to send and receive ETH, MATIC, and USDC on Polygon. The Polygon integration marks the first time Coinbase has enabled the ability to send and receive these assets on an L2 or sidechain.

The latest decision comes amidst skyrocketing gas fees on the Ethereum blockchain and the preference for more affordable platforms.

MATIC Tapping Carbon Neutrality Goals

At the same time, the network has been achieving major milestones in terms of its carbon neutrality goals. In its partnership with KlimaDAO, the Polygon ecosystem has retired $400,000 in carbon credits to offset greenhouse gas emissions.

Additionally, the layer 2 scaling ecosystem took one step closer to securing DAO governance as well as handling users’ identities in a secure manner. On 22nd June, Its development team rolled out Polygon ID, which went live on its DAO. 

The new product verifies the user identity while allowing them to stay anonymous with the help of zero-knowledge [ZK] proofs. 

Coinciding with the Polygon ID launch, making its first venture into the NFT marketplace- Bentley Motors is slated to unveil a carbon-neutral NFT on Polygon by September.

Polygon [MATIC] Bets $20M To Go Fully Green

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Ethereum scaling solution Polygon has unveiled the Green Manifesto which is deemed as a “smart contract with Planet Earth”. In a series of tweets, the layer-2 protocol has pledged $20 million as part of its efforts to mitigate the ecosystem’s environmental footprint entirely.

Speaking on the launch, Polygon Founder Sandeep Nailwal has called for more sincere efforts from blockchain firms to form a “united front” to fund and “leverage technology that helps heal the earth rather than destroy it.

The blog mentioned Polygon has taken the first step by purchasing $400,000 worth of high-quality and traceable BCT and MCO2 carbon credits, the equivalent of nearly 90,000 tons of CO2 emissions. It will then selectively retire the offsets within the carbon token pools that meet the highest standards for additionality and positive environmental impact.

The layer-2 solution is partnering with KlimaDAO, a decentralized collective of environmentalists, developers, and entrepreneurs which will also analyze the Polygon network’s energy footprint and support its emission management and mitigation strategy.

In addition to that, Polygon has also commissioned the Crypto Carbon Ratings Institute (CCRI) to audit its carbon footprint.

Polygon’s carbon negative comes ahead of Ethereum’s upcoming merge

Notably, the network’s pledge to sustainability comes ahead of Ethereum’s transition to a Proof-of-Stake consensus mechanism, which will reduce the network’s energy consumption by almost 99 percent.

The team behind the project is also investing in cutting-edge zero-knowledge [ZK] technology that it claims will play a crucial role in onboarding the next billion users to Web3.

“Through our sustainability commitment and community-driven efforts, we can successfully address societal shifts, avoid the worst impacts of climate change, and meet the sustainable development goals set out by the United Nations,” Nailwal said.

As cryptocurrency makes quick inroads, environmental crusaders have been on the edge who allege that digital “mining” creates a massive carbon footprint due to the staggering amount of energy it requires.

According to a survey by Digiconomist, the carbon footprint of a single Ethereum transaction as of December 2021 was found to be 102.38 kilograms of CO2, which is “Equivalent to the carbon footprint of 226,910 VISA transactions or 17,063 hours of watching YouTube.

Nevertheless, the latest initiative by Polygon will pave the way for crypto creators around the world to switch to eco-friendly alternatives.

Polygon [MATIC] hits new ATH; What does its on-chain metrics depict?

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Riding the Santa Claus rally, Polygon [MATIC] charted a new all-time high [ATH] of $2.87 on 26th December 2021 as the overall market seems to be on a recovery path. Especially after Uniswap Labs’s recent announcement that it had deployed on to Polygon following overwhelming support from the community and governance, the layer-2 scaling solution has been witnessing massive address activity that culminated into establishing a new peak in MATIC’s price action.

That being said, prominent data provider Santiment has published a report detailing MATIC’s new high and gave an overview on the performance of key metrics such as Active Addresses, Exchange Inflow, Active Deposits, Social Volume, Holders Distribution, and Supply on Exchanges.

Polygon MATIC 12.24.38 27 Dec 2021
Polygon [MATIC] hits new ATH; What does its on-chain metrics depict? 19

On the Active Address count, the report observed that things don’t look grim. As gauged from the above chart, there are three solitary spikes that Santiment attributes to rising deposit activity, but with daily active addresses reaching at 8K concludes place Polygon among the top-5 most active coins in Ethereum. Overall this depicts a decent network activity.

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Polygon [MATIC] hits new ATH; What does its on-chain metrics depict? 20

Exchange metrics [Exchange Inflow and Active Deposits]- The Active Deposits count remains dull. In fact, it’s actually quite low. However, the coin post little activity in terms of its Exchange Inflow.

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Polygon [MATIC] hits new ATH; What does its on-chain metrics depict? 21

With respect to the Social Volume, the metric projected a weaker activity which implies delayed reaction to the Polygon’s price action. Observing the same, the report noted that it was a little bit concerning to see not that many people reacting to the new ATH. ‘A sign of greed. Looking healthier now.’ the report added.

Polygon MATIC 12.31.32 27 Dec 2021

Similarly, the Holders Distribution metric showed large-scale whales holding from 1 million to 10 million tokens were comfortably accumulating until the recent rally. Smaller whales too revealed some accumulation pattern except for the last few days. On the other hand, Supply on exchanges was flat for a while and then declined for a couple of months, which is a positive signal for a rally in the coin market.

Polygon [MATIC] eye another leg up?

Summing up, the report concluded that MATIC is looking good in terms of fundamentals. Active addresses are at Ethereum’s highest numbers. The only issue is a relatively lacks of response in terms of active deposits along with signs of whales offloading. It further predicted,

“We could probably rather see some sell-offs in the next 24 hours, just so MATIC can correct, and then push another leg up.”