Solana flipped Polygon to become the 10th largest crypto in terms of market cap. Polygon’s NFT ecosystem witnessed growth with increased trade count and new integrations. Over the last few months, there were several upsetting news stories that negatively affected the crypto industry, notably the FTX crash. However, despite this, long-term sentiments towards Polygon [MATIC] […]
MATIC’s performance on the metrics front looked bullish, which increases the chances of a continued price surge. For example, MATIC’s MVRV Ratio increased in the last week. MATIC’s net deposits on exchanges werecompared to the seven-day average, suggesting less selling pressure. Moreover, the total number of active wallets used to send and receive coins also registered an increase, which looked bullish.
Nonetheless, MATIC’s network growth went down sharply on 21 January. MATIC’s social dominance also decreased over the last few days, reflecting the token’s lower popularity in the crypto space.Subscribe to get it daily in your inbox.
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Polygon: Are more gains likely for long-term MATIC holders?Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion MATIC was bullish on a lower timeframe. Short-term HODLers saw 18% profit from the recent rally. Polygon’s [MATIC] rally on 20 January posted about 10% gains after the asset rose from $0.9400 to $1.0400. […]
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![Solana [SOL] has a bullish outlook but bears can regain dominance at…](https://i.headtopics.com/images/2023/1/20/cryptoamb/solana-sol-has-a-bullish-outlook-but-bears-can-reg-solana-sol-has-a-bullish-outlook-but-bears-can-reg-1616322888692375552.webp?w=640)
Solana [SOL] has a bullish outlook but bears can regain dominance at…Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The 4-hour market structure was bearish. The daily chart, while bullish, hinted that SOL could require a deeper retracement before a bullish continuation. Bitcoin continued to trade above the $20k mark, and each passing hour […]
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Solana: Is this the only reason behind SOL’s bull rally? Unravelling…Solana ranked second on the list of blockchains in terms of NFT sales. Market indicators revealed the reasons behind SOL’s price surge. Solana [SOL] outperformed every other blockchain except for Ethereum [ETH] in the NFT ecosystem. As per a 19 January tweet from Solana Daily, SOL ranked second on the list of the top 10 […]
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![Solana [SOL] closed Q4 2022 with a decline in key growth metrics](https://i.headtopics.com/images/2023/1/22/cryptoamb/solana-sol-closed-q4-2022-with-a-decline-in-key-gr-solana-sol-closed-q4-2022-with-a-decline-in-key-gr-1616941967174209536.webp?w=640)
Solana [SOL] closed Q4 2022 with a decline in key growth metricsSolana ended 2022 with a decline in some of its key growth metrics. So far this year, the chain has seen increased user activity. House to over 350 decentralized applications (dApps), a new report from Messari revealed that leading open-source blockchain Solana closed the 2022 trading year with a significant drop in its key growth […]
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Novak Djokovic soldiers on, Alex de Minaur advances, Aryna Sabalenka shines in Australian OpenDjokovic was hampered by a hamstring problem that threatens his quest for a 10th Australian Open crown and 22nd Grand Slam
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Tennis: Djokovic soldiers on to set up De Minaur showdown at Australian OpenMELBOURNE — A creaking Novak Djokovic, hampered by a hamstring problem that threatens his quest for a 10th Australian Open crown and 22nd Grand Slam, soldiered…
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