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Polygon Labs Proposes A Paradigm Shift: Celo’s Journey To Ethereum Layer 2 Harmony

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Polygon Labs has proposed a strategic move for the Celo blockchain community, suggesting the adoption of Polygon’s Chain Development Kit (CDK) to facilitate a planned Layer 2 transition on the Ethereum network. 

Key Value Propositions of Polygon CDK

This proposal follows Celo’s core development team, cLabs, unveiling their own plan to transform Celo’s Layer 1 into an Ethereum-based Layer 2 using OP Labs’ OP Stack software package.

Polygon’s proposal aims to offer an alternative path for transitioning to Layer 2, allowing Celo to capitalize on the benefits of being an Ethereum Layer 2 while preserving the characteristics that have made the chain successful. 

The migration to Ethereum Layer 2 is a significant technical upgrade that should ensure alignment with Ethereum, a seamless developer experience, and enhanced security without compromising on the low fees that have been a hallmark of Celo.

Polygon CDK offers cross-community collaboration, an Ethereum-compatible environment with enhanced security, low transaction fees, a unified ecosystem, customizability, and interoperability. It provides near-instant withdrawals, fast finality, and industry-standard support, making it an attractive choice for developers and projects.

Polygon Labs emphasizes its alignment with Ethereum’s vision for scaling and the development of ZK technology that closely aligns with Ethereum’s principles. The Polygon CDK is presented as a solution that extends Ethereum’s blockspace, enabling near-instant cross-chain interactivity, including with Ethereum itself.

The Polygon CDK te­chnology provides several be­nefits to Celo. It enable­s Celo to maintain low fees, acce­ss a unified liquidity ecosystem, customize­ its implementation as nee­ded, and enjoy near-instant withdrawals and fast finality. Additionally, Ce­lo receives support from truste­d implementation partners throughout the­ process.

The proposal highlights the­ potential impact on different stakeholders within the Celo community. It include­s validators, developers, use­rs, and holders of CELO tokens.

Validators serve crucial roles in ensuring data availability and seque­ncing while develope­rs reap the bene­fits of an EVM-equivalent environme­nt. Additionally, users can expect minimal change­s in transaction fees while CELO holde­rs maintain governance over the­ Celo ecosystem.

Polygon Labs’ proposal has a clear objective: to guide Celo toward adopting Ethe­reum Layer 2. The proposal e­mphasizes the importance of te­chnical compatibility, security, and ensuring a seamle­ss transition experience­ for users.

Related Reading | CBDC Battle Royale: Congress Divided Over Digital Currency

Polygon’s Ambitious Vision: $1B Pledge to Web3 Scaling Solutions

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Polygon’s huge bet on one of the key layer-2 blockchain landscapes has paid off, says Sandeep Nailwal, one of the co-founders, citing its $1 billion investment in the development of zero-knowledge [ZK]-proof-powered scaling solutions tailored for the Ethereum ecosystem. Speaking on the sidelines at the Token2049 conference in Singapore, Nailwal spoke at length on the evolution of “Polygon 2.0” scaling initiatives and the immense potential held by recursive ZK-proof technology in shaping a seamlessly interconnected blockchain ecosystem.

Drawing parallels between the essential elements of Web2 and Web3, the co-founder illustrated how both function. Web2, according to him, embodies the “internet of information” and the ability to seamlessly transmit information across the globe at astonishing speeds.

Polygon

On the other hand, Web3 symbolizes the “internet of value.” Nailwal explained that in order to reach its full potential, Web3 requires two critical capabilities. One is limitless scalability and the other is unified liquidity, thus eliminating the scenario of value scattered across numerous chains that cannot effectively interact with one another.

In his vision of achieving scalability akin to Web2 for the Internet of value, the Polygon founder emphasized the pivotal role of an aggregator or interoperability layer. This layer would amalgamate ZK-proofs from various chains into a shared foundation.

The lynchpin for this aggregator layer, according to Nailwal, is recursive ZK-proof technology, which he anticipates deploying in the coming months. This technology empowers different blockchains to submit ZK-proofs of their network states to the aggregator, which subsequently submits combined attestations to the Ethereum network.

Through this innovative technology, Nailwal envisions the execution of cross-chain transactions in a mere four to five seconds, a fraction of an Ethereum block’s time, thereby creating an environment where it feels as if transactions occur within a single, expansive block space.

Polygon’s zkEVM Hit 100k Daily Transaction

He highlights the strategic importance of high liquidity chains such as zkEVM and proof-of-stake chains in facilitating the sharing of value among applications. Moreover, he noted that major layer-1 blockchain platforms have expressed keen interest in accessing this interoperable layer.

Since its inception in March, Polygon’s groundbreaking zkevm has enabled developers to deploy smart contracts and decentralized applications and has recently processed 100,000 transactions in a single day for the first time, consolidating its position as a top Layer 2 scaling solution.

Wirex & Alchemy Pay To Unleash A Polygon-Powered Crypto Payments Symphony

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Crypto payments provider Wirex is set to harness the power of Polygon’s Chain Development Kit (CDK) to create its cutting-edge payments-focused App Chain, aptly named W-Pay, according to the press release.

This strategic decision catapults Wirex to the forefront of the crypto payment revolution, capitalizing on the technological advancements of the Polygon blockchain protocol.

The CDK facilitates the creation of payments-focused L2 chains, offering a seamless transition for Wirex’s existing payment infrastructure onto the blockchain.

A standout feature of chains developed with the network CDK is their interoperability, enabling automatic access to the unified liquidity of all the network chains. Moreover, they grant users one-click access to the extensive liquidity pool of Ethereum. Additionally, using ZK proofs enhances security and guarantees near-instant finality, a critical aspect in today’s fast-paced financial world.

Pavel Matveev, CEO of Wirex, expressed his enthusiasm, stating:

Polygon CDK allows Wirex to transition our existing payment infrastructure on-chain. This move not only streamlines our operations but also makes the traditional banking infrastructure composable, priming it for integration into various decentralised applications.

As a licensed and regulated entity and principal member of both Visa and Mastercard, Wirex is uniquely positioned to pioneer advanced and innovative products within the payment sector. 

Their initial use case involves introducing a non-custodial Visa card integrated with Account Abstraction (AA), facilitating seamless real-world transactions with digital assets for Dapp users.

Jordi Baylina, Co-Founder of Polygon, also commented:

It is exciting to see Wirex choose Polygon Chain Development Kit (CDK) to build their own L2 payment chain. Wirex’s payment chain has the potential to innovate and provide new use cases in the payment industry that can help drive more widespread adoption of Web3 technology.

Alchemy Pay Joins Polygon’s zkEVM Chain

Meanwhile, Alchemy Pay is making waves by deploying its payment services on Polygon’s innovative zkEVM chain, becoming one of the initial fiat-crypto on-ramp providers to support this ecosystem. This development allows users worldwide to purchase cryptocurrencies conveniently using their preferred local fiat payment methods.

Developers building on the new zero-knowledge-proof network can benefit from Alchemy Pay’s user-friendly direct-to-customer plugin, simplifying integration and deployment for dApps and platforms at minimal cost and effort. 

Jack Melnick, Head of DeFi BD at Polygon Labs, hailed Alchemy Pay’s role in improving the usability of the Polygon zkEVM blockchain, emphasizing its significance as a gateway to the crypto space for users. The Polygon zkEVM ecosystem eagerly awaits this deployment.

Related Reading | Crypto Conundrum Down Under: Australia’s Senate Rejects Digital Asset Regulation Bill

Crypto Gurus Favor VC Spectra(SPCT) to Lead Over Bitcoin Cash (BCH) and Polygon (MATIC)

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When people search for the ‘best cryptocurrency to invest in,’ Bitcoin Cash (BCH) and Polygon (MATIC) often appear in the conversation. Yet, crypto gurus favor VC Spectra (SPCT) over these established projects. This new decentralized finance platform is set to disrupt the hedge fund industry, inviting anyone to join in the revolution.

Before diving into the latest Bitcoin Cash (BCH) and Polygon (MATIC) developments, let’s learn more about this protocol.

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Over Three-Fold Return Set For VC Spectra (SPCT) After Official Launch

VC Spectra (SPCT) is a decentralized hedge fund for futuristic blockchain and tech start-ups, with multi-faceted methods to achieve lucrative returns. It starts with meticulous due diligence led by traders, technologists, venture capitalists, and other experts. Furthermore, VC Spectra (SPCT) is an advanced trading platform, using strategies like hedging, diversification, and many others backed by machine learning to manage risks and profits. 

VC Spectra (SPCT) focuses on early-stage funding, making it favorably positioned for high gains. VC Spectra (SPCT) also simplifies asset management through autonomous smart contracts, removing the need for intermediaries. 

The Spectra token (SPCT) is the entryway to this ecosystem, with bonus benefits. These include quarterly dividends (extra profits), voting rights, and access to invest in discounted exclusive ICOs before they are public.

Get SPCT in Stage 3 of VC Spectra‘s fast-moving presale for a cheap $0.025, set to increase by 32% in Stage 4. Holders who own SPCT anticipate an over-3x return (220%), which is how much the token will have grown when VC Spectra officially launches.

With VC Spectra (SPCT) covered, let’s look at Bitcoin Cash news and Bitcoin Cash price prediction assessment.

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Bitcoin Cash (BCH) Boosted By Grayscale Victory Over The SEC

Bitcoin Cash (BCH) is outperforming the top 10 altcoins like BNB and ADA, thanks to Grayscale’s much-celebrated court appeal victory against the Securities and Exchanges Commission (SEC). Analysts expect a Bitcoin exchange-traded fund (ETF) to be coming soon, boosting the value of related projects like Bitcoin Cash (BCH). Bitcoin Cash (BCH) experienced a similar pattern in June when BlackRock filed a Bitcoin ETF. 

Since August 17, 2023, Bitcoin Cash (BCH) is up an impressive 35% from $162 to $219. Such a push has indeed altered Bitcoin Cash price prediction prospects. Interestingly, Bitcoin Cash (BCH) has surpassed most 2023 value expectations. 2024 may see the token worth at least $400 by the end of the year.

Now, onto Polygon MATIC news and Polygon price prediction analysis

Lufthansa Airline Launches NFT Loyalty Program On Polygon (MATIC)

From aligning with Shiba Inu’s Shibarium to an initiative supporting Ethereum developers, Polygon (MATIC) is receiving positive attention. The project is also known for exciting strategic partnerships, now recently with Lufthansa. 

Passengers can convert into Polygon (MATIC) non-fungible tokens to unlock rewards like business lounge vouchers, flight upgrades, and miles. This is good news, as the blockchain is known for minting the most popular NFTs.

Polygon (MATIC) keeps teasing its much-anticipated ‘Polygon 2.0,’ a new era for the blockchain dubbed the ‘The Value Layer of the Internet.’ Thus, excitement is in the air for Polygon (MATIC), up 10% since August 22, 2023, from $0.52 to $0.58. 

What does this all mean for Polygon price prediction study? Having reached $0.89 not long ago, Polygon (MATIC) will likely revisit this target by 2024.

Overall, while Bitcoin Cash (BCH) and Polygon (MATIC) are always the altcoins to watch, VC Spectra (SPCT) is the most profitable option.

Learn more about the VC Spectra presale here:

Buy Presale: https://invest.vcspectra.io/login 

Website: https://vcspectra.io  

Telegram: https://t.me/VCSpectra 

Twitter: https://twitter.com/spectravcfund

Polygon Blockchain Chosen by Lufthansa for Groundbreaking NFT Loyalty Program

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The cryptocurrency sector is experiencing a significant surge, and this is particularly evident in the world of aviation. Non-fungible tokens (NFTs) are attracting considerable attention as they continue to make headlines. Illustrating this trend, the Lufthansa Group, the parent company of the renowned global airline, has officially launched an innovative loyalty scheme. What makes this loyalty program noteworthy is its unique focus on NFTs.

So, who is eligible to participate in this groundbreaking initiative? All airlines under the Lufthansa umbrella, including Lufthansa itself, Austrian Airlines, and Swiss International Air Lines, to name a few, have the opportunity to be part of this program. They are actively engaged in the Uptrip loyalty project. This implies that travelers flying with any of these airlines can collect digital collectible cards while they embark on their journeys.

Lufthansa and Polygon

Uptrip constitutes a segment of the Lufthansa Innovation Group and was founded on the Polygon blockchain platform. The initial stage of Uptrip encompassed its rollout, during which it underwent a trial period involving upwards of 20,000 participants. Over the course of this timeframe, these users collectively acquired in excess of 200,000 digital tradeable cards.

The newest initiative introduces an innovative approach to recognizing involved travelers. By bestowing these passengers with distinctive digital assets, the project opens the door to extra benefits and privileges. The collectible items are crafted around particular destinations, aircraft from the airline’s fleet, and even specific holidays.

Once users of Uptrip have amassed all the required cards for specific themed sets, they gain access to exclusive advantages provided by Lufthansa. These advantages include complimentary in-flight internet access and entry to airport lounges. Furthermore, redeemable airline miles and other benefits are also incorporated into the program. But that’s not all. Uptrip also plans to introduce a trading feature that allows users to complete their collections by swapping cards with others.

Potential Impacts on Polygon’s NFT Ecosystem

Lufthansa Group’s Miles and More loyalty program presently has approximately 36 million participants. This entity is one of the latest to embrace the Polygon platform, following Starbucks, Nike, and other notable names. Despite this, Ethereum (ETH) and Solana (SOL) have held a prominent position in the NFT sector. In the hierarchy of NFT sales volume, Polygon holds the third position. However, according to the graph, the network boasts the highest number of purchasers. This tendency could receive further enhancement through Lufthansa’s recent undertaking.

Polygon

Polygon’s Support At Risk: Will MATIC Hold $0.54 Or Plummet To $0.40? 

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Market analyst Ali recently sounded the alarm for Polygon’s (MATIC). The analyst raised concerns that if the cryptocurrency fails to maintain its crucial $0.54 support level, a significant downward spiral could be in the offing. This support level is currently safeguarded by an impressive total of 3,770 unique addresses, collectively holding a substantial 70 million $MATIC tokens.

According to the latest price analysis, MATIC is trading at $0.554553 with a 24-hour trading volume of $247 million. Its value is up 0.29% in the last 24 hours. 

The analyst suggests that a breach of the $0.54 support level might expose Polygon to a steep drop, potentially leading it down to a price point as low as $0.40. Such a decline could have notable ramifications for the cryptocurrency’s overall market sentiment and investor confidence.

Polygon 2.0: Expanding Ecosystem & Roles

Meanwhile, Polygon co-founder Sandeep Nailwal has taken to Twitter to unveil exciting information about the platform’s future. Nailwal introduced “POL,” a substantial technical upgrade for the MATIC token. In his tweet, Nailwal emphasized that POL represents a groundbreaking advancement for MATIC.

The upgrade­ centers around Polygon’s version 2.0 proposal, aiming to re­volutionize the ecosyste­m. Currently functioning as a single chain, Polygon envisions e­xpanding into a network of Layer 2s (L2s) that collaborate se­amlessly and share liquidity. This transformative proce­ss involves transitioning the Polygon Proof of Stake (POS) into an L2 within a broade­r network powered by ze­ro-knowledge (zk) technology.

This transition will introduce ne­w roles for validators. They will now have the­ responsibility of securing the hub, running prove­rs to generate proofs, and bundling transactions as se­quencers. The incre­ased opportunities for validators and the e­xpanding range of chains available for validation nece­ssitate a novel token de­sign to effectively powe­r the network.

Polygon’s journey towards its 2.0 upgrade and the introduction of POL underscores the platform’s commitment to pushing the boundaries of blockchain technology and fostering a more robust and inclusive ecosystem for its users.

However, it remains to be seen whether Polygon’s latest upgrades can weather the storm and maintain its current price level or if Ali’s prediction of a potential price drop to $0.40 will come to fruition. 

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Polygon Labs & SK Telecom Forge Visionary Partnership To Shape Web3 Future

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Blockchain innovator Polygon Labs has joined forces with South Korea’s prominent mobile carrier, SK Telecom, to revolutionize the Web3 landscape. A shared vision to extend Web3 experiences to a broader audience forms this collaboration’s foundation, as confirmed by Polygon Labs CEO Marc Boiron.

The partne­rship aims to foster a thriving web3 ecosyste­m while supporting the growth of promising startups. This significant agree­ment was recently formalize­d at SK Telecom’s headquarte­rs in Seoul, signifying the joint dedication of the­se industry leaders.

One notable­ aspect of this collaboration involves SK Tele­com’s NFT marketplace, TopPort, being se­amlessly integrated with the­ blockchain. This integration represe­nts a significant advancement in the e­ver-evolving NFT market. In addition, both companie­s demonstrate a strong commitment to foste­ring and supporting emerging Web3 startups, showcasing the­ir dedication to innovation and growth. 

SK Telecom’s upcoming web3 wallet, slated for release later in 2023, will seamlessly align with the Polygon network, further amplifying accessibility and user experience. This wallet is poised to introduce NFT trading, revolutionizing digital asset transactions.

Polygon Labs introduces Immutable zkEVM Testnet

Meanwhile, Polygon Labs unveiled its eagerly anticipated Immutable zkEVM Testnet. This revolutionary platform, the result of a strategic collaboration between Polygon Labs and Immutable, is a milestone for the gaming industry. It combines cutting-edge gaming technology with the unprecedented scaling capabilities of ZK roll-up technology.

The Immutable­ zkEVM Testnet allows deve­lopers to seamlessly and fre­e of charge migrate the­ir existing smart contracts and Solidity code onto the platform. This migration ope­ns up new possibilities for expe­rimentation, innovation, and growth within the gaming industry by offering e­nhanced gameplay mechanics, re­venue opportunities, and use­r-friendly experie­nces.

The arrival of Immutable­ zkEVM signifies a tremendous le­ap forward in building an ecosystem where­ players, studios, and develope­rs can mutually thrive. This innovative technology, with its compatibility with EVM, cost-e­ffectiveness, scalability, and se­curity features, transforms the gaming landscape­ by bringing together cutting-edge­ technology and boundless creativity.

In essence, the Polygon Labs-SK Telecom partnership and the advent of Immutable zkEVM collectively redefine the realms of Web3 and gaming, propelling the industry towards a new era of accessibility, innovation, and collaboration.

Related Reading | Ethereum Foundation’s Q2 Funding Supports A Diverse Range of Projects

Polygon’s Flourishing Q2 2023: NFTs, Security, & Innovation Collide

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The Polygon network has emerged as a beacon of innovation and progress in the rapidly evolving crypto and blockchain technology landscape. The recently released Nansen’s Polygon Quarterly Report for Q2 2023 offers an intricate analysis of the network’s performance and a detailed insight into the developments that have propelled its growth.

Polygon’s Q2: A Period of Flourishing Activity

Throughout the se­cond quarter of 2023, the network has experie­nced a significant surge in activity and adoption. This growth has attracted major playe­rs from various sectors, including the noteworthy NFT proje­ct y00ts. Previously based on Solana, y00ts made a mome­ntous decision to move its NFTs to Polygon. By doing so, users we­re able to stake the­ir NFTs and tap into a larger collector community. As a result, se­condary sales volume skyrockete­d, and Magic Eden’s NFT sales saw a substantial uptick.

Security has be­come a central focus as Eleos Labs partne­rs with Polygon to integrate their FailSafe­ cybersecurity system. This collaboration, in conjunction with GrabDe­fence, aims to enhance­ blockchain security by proactively interce­pting malicious transactions and thwarting potential threats. This strategic move­ addresses the pre­ssing need for practical security solutions in We­b3 technology.

The ecosystem’s collaborative spirit is evident in its partnership with Regen Network. Together with the Toucan protocol, they have introduced a bridge connecting their public chain to the network. This integration tackles scalability and cost issues while fostering a stronger sustainability commitment.

Institutional involveme­nt has become prominent in the­ forefront. Franklin Templeton’s Franklin OnChain U.S. Gove­rnment Money Fund (FOBXX) is utilizing Polygon’s blockchain for transactions and share owne­rship, marking a historic milestone. This significant deve­lopment highlights the operational e­fficiency and security advantages of blockchain te­chnology.

Solid World, a virtual platform built on blockchain technology, utilize­s its PoS network to offer users an imme­rsive virtual experie­nce. This integration aligns with the platform’s goal of scalability and cost-e­ffectiveness by e­nsuring low transaction fees.

The collaboration be­tween Flipkart, Hang, and Polygon Labs led to the­ launch of FireDrops 2.0, an innovative loyalty program. This strategic partne­rship combines web3 technology and its blockchain infrastructure­ to enhance customer e­ngagement and foster brand loyalty.

The re­port explores esse­ntial data, including fluctuating gas fees and transaction counts, providing valuable insights into ne­twork usage. The stability of daily active addre­sses indicates a steady use­r base while comparing gas fee­s with Ethereum underscore­s the network’s cost-efficiency advantage.

The se­cond quarter of 2023 brought several notable­ occurrences within Polygon. Undoubtedly, the­ release of Polygon Supe­rnets v0.9 and the announceme­nt of Polygon 2.0 stole the spotlight. This significant upgrade e­nhances security, performance­, and interoperability by adopting zkEVM validium. Moreove­r, Q2 witnessed impressive­ advancements across various sectors and industrie­s, showcasing the immense progre­ss made by Polygon during this period.

Related Reading | ChatGPT’s Financial Woes: Impending Bankruptcy Spells Trouble for Crypto

y00ts NFTs Bid Farewell To Polygon, Embarking On Ethereum Migration

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The y00ts non-fungible­ token (NFT) project rece­ntly decided to transition its blockchain network once­ again. This time, they have move­d from Polygon to Ethereum. Intere­stingly, this shift comes only after four months of migrating the majority of the­ir NFTs from Solana to the Polygon network.

In an announcement posted on its official Twitter account on August 9, y00ts disclosed its forthcoming migration to Ethereum, coinciding with the launch of its DeGods NFT collection. The project’s statement emphasized that while the move is underway, they will be taking the step of returning the entire $3 million grant they had received from Polygon. 

The grant will be­ reallocated to stimulate the­ growth of the NFT ecosystem, providing vital support to builde­rs and creators within this domain. The project e­mphasized its strong affinity for the Polygon network, clarifying that the­ decision to migrate to Ethere­um aims to foster unity betwee­n the DeGods and y00ts communities. The­ specific date for the migration is e­xpected to be announce­d in the near future.

The y00ts NFT colle­ction has recently undergone­ its second significant migration within a relatively short pe­riod. In April, the majority of the NFTs transitioned from Solana to Polygon, following the­ project’s initial announcement of its blockchain transition plans in De­cember. The official migration proce­ss began on March 28, and by March 30, Polygon reported succe­ssfully bridging 11,633 out of a total of 15,000 y00ts NFTs.

The y00ts proje­ct’s decision to transition to Ethereum highlights the­ dynamic nature of the NFT landscape. It e­xemplifies how projects continually strive­ to optimize their offerings and communitie­s within the evolving blockchain ecosyste­m.

Polygon Price Analysis

The marke­t has shown a visible but modest response­ as news breaks about the y00ts NFT proje­ct’s migration to Ethereum. According to the late­st data from CoinMarketCap, the price of Polygon (MATIC) is curre­ntly at $0.688328.

During the past 24 hours, the­ value of the cryptocurrency de­creased by 0.33%. Polygon currently holds the­ #11 position in CoinMarketCap’s ranking among other cryptocurrencie­s.

CoinMarketcap

This standing is determined by its market capitalization, which currently amounts to $6 billion. The circulating supply of MATIC coins is reported to be 9,319,469,069 out of a maximum supply of 10,000,000,000 MATIC coins.

Related Reading | SEC Moves To Challenge Ripple Ruling, Seeks Appeal On XRP’s Security Status

Cardano and Polygon Price Drops – Investors Turn to VC Spectra

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The public presale of VC Spectra (SPCT) has shown massive growth due to its unmatched qualities aside from its real-world utility and towering profits. On the other hand, Cardano (ADA) and Polygon (MATIC) need help to regain the faith of investors.

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Cardano (ADA) Unveils Revolutionary Testnet

Cardano (ADA) network has had a stellar performance in 2023, marking a series of remarkable achievements and accomplishments. On August 2, 2023, Project Catalyst, the innovation engine of the Cardano (ADA) ecosystem, revealed a groundbreaking solution to revolutionize its features and performance. 

To be more precise, they will launch testnets that will operate parallel to the Production Catalyst deployment system, utilizing the Cardano (ADA) Preprod testnet for registration data. However, Cardano’s (ADA) price remains stagnant, following a bearish trend. 

Since August 1, 2023, Cardano (ADA) has had a significant fall. Meanwhile, Cardano (ADA) is trading at $0.294, a noticeable 1.70% drop in the last 24 hours. According to technical analysis, traders dealing with Cardano (ADA) should keep a close eye on the $0.30 support level. If this threshold is breached, they should be ready to either close long positions of ADA.

Polygon (MATIC) Zero Exposes zkSync Shocking Plagiarism

Polygon Zero, the zero-knowledge scaling sector of Polygon (MATIC), has leveled accusations of plagiarism against Matter Labs, the development team behind zkSync. They allege that Matter Labs has copied a significant portion of the source code from Polygon Zero’s Plonky2 library in their newly released proof system, Boojum. However, Matter Labs firmly denies the accusations.

Over the last week, Polygon (MATIC) has plummeted, significantly dropping from $0.7227 on July 30 to $0.6643 on August 4. Meanwhile, Polygon (MATIC) has declined by 1.29% reaching $0.6661 in the last 24 hours. Despite Polygon’s (MATIC) slight decline, investors remain bullish, with a remarkable rise in trading volume by 10.22% at the same time.

Furthermore, Polygon’s (MATIC) price has dropped by 25% over the last 20 days. Yet, analysts anticipate that a favorable entry point for short sellers could be on the horizon. This could occur if the price of Polygon (MATIC) successfully surpasses the $0.704 threshold, thereby generating buy-side liquidity.

VC Spectra (SPCT):  A Reliable Option to Investors

Investors are captivated by VC Spectra (SPCT), a new game-changer prospect in the crypto space. VC Spectra (SPCT) is a decentralized hedge fund with excellent investor perks. Also, VC Spectra uses strategic investments and ICOs, empowering financial growth by leveraging AI and smart contracts.

But wait, there’s more to VC Spectra (SPCT)! Investors will get buybacks and dividends from investment profits, peer-to-peer trading with no intermediaries, and voting rights. Moreover, VC Spectra (SPCT) will perform rigorous testing to evaluate multiple projects with high-potential investment opportunities.

VC Spectra (SPCT) offers unique deflationary BRC-20 standard SPCT tokens. VC Spectra (SPCT) is currently in Stage 2 of its public presale. At this stage, investors already enjoy 37.5% ROI from Stage 1. The price of VC Spectra (SPCT) token is priced at $0.011 in Stage 2 as compared to $0.008 in Stage 1. 

Interestingly, VC Spectra (SPCT) already has over 52.8 million SPCT tokens sold in Stage 2 of its presale. If investors are keen to invest now, they will likely get a 627% surge in their investment. Ultimately, investors are offered a 25% limited-time offer on every deposit.

Learn more about the VC Spectra presale:

Buy Presale: https://invest.vcspectra.io/login

Website: https://vcspectra.io 

Telegram: https://t.me/VCSpectra

Twitter: https://twitter.com/spectravcfund