Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Polygon Spikes 6.5% In Last 24 Hours As MATIC Investors See Bullish Momentum

Polygon (MATIC) is currently having a rally of its own as it recovered from its range low of $0.721 recorded last September 22. MATIC is the only asset in top 20 cryptocurrencies to record double-digit gains for the past week Buyers are back and so is the buying pressure, propelling the asset to go higher Polygon now has two versions of SynFutures mainnet At press time, data from CoinGecko shows the crypto is trading at $0.837 and has been up by 13.1% for the last seven days. Among the top 20 cryptocurrencies based on market capitalization that includes Bitcoin, Ethereum, XRP and Cardano, MATIC is the only one to register double-digit price increase for the past week. Related Reading: Celsius Investors May Be Left Dismayed As CEL Drops 6.5% In Last 7 Days Analysts believe that this bullish rally now indicates that buyers are back, exerting tremendous buying pressure causing the asset to climb higher for the past days. Polygon Uptick Has Other Reasons, Too The month of October this year is starting to shape up as a friendly one for cryptocurrencies, paving the way for bounce-backs of different levels. Bitcoin, for example, currently changes hands at $20,237 while altcoin king Ethereum is trading at $1,354. Both assets are performing better compared to how they did last month. While the recovery of the pack leaders may contribute for Polygon’s rally, there seems to be other reasons that fuel this run. A quick glance at MATIC’s market value to realized value (MVRV), which currently stands at 1.924%.  This suggests that investors are putting faith in this bullish run in hopes of gaining profit this month of October. An asset’s MVRV can be utilized to determine if price is above or below fair value in order to measure market profitability. MATIC Joins Elite Company As Polygon Gets Busy A recent report released by Santiment mentioned MATIC as one of the digital currencies that are registering increase in unique network addresses. It ranks the crypto 5th behind Bitcoin, Ethereum, Litecoin and Tether. This could mean investors are finally paying more attention to the carbon-neutral project, potentially triggering the recent uptick, which at one point reached 6.5% in a span of 24-hours. Polygon is also not lacking in network activity as it becomes busy amid its token’s resurgence. The second version of SynFutures mainnet was recently launched on the MATIC network, making it the first ever system to do so. This is good news for investors, as it will give them more chances of accessing derivative market by utilizing the SynFutures protocol. Related Reading: Uniswap Rally Could Be In Jeopardy, Despite UNI’s Solid Social Engagement MATIC total market cap at $7.24 billion on the daily chart | Source: TradingView.com Featured image from Zipmex, Chart: TradingView.com

Bitcoin repeats key bear market move as $19K becomes key BTC price zone

Investor cost basis is an important focus for ARK Invest, part of an ongoing “tug-of-war” in the 2022 Bitcoin bear market.

The world's cultural heritage is being preserved one NFT at a time

The Monuverse is taking some of the world’s most precious monuments and preserving them forever as NFTs in the digital universe.

Polygon MATIC cofounder lurks our sub and is excited reddit onboarding users to web3 through Avatars, and is only one of many people who lurk here!

We all know r/CryptoCurrency is the biggest crypto forum on the internet and many people lurk this sub to read news and get a sense of sentiments of people. ​ So one of the cofounders of MATIC shared my comment on twitter and thus my crypto journey has peeked. https://nitter.net/sandeepnailwal/status/1576971611542278144?s=46&t=8X2nhEH5z9bELcpn3U7xDg https://preview.redd.it/8p3eaq0m9zr91.jpg?width=1056&format=pjpg&auto=webp&s=d22e3182741e9c362737ca02e8b2d73b8d383d04 What he didn't know…
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Bitcoin, Ethereum Technical Analysis: BTC Climbs to 2-Week High

Bitcoin continued to trade above $20,000 on Wednesday, as the token remained near a two-week high. Bullish momentum in cryptocurrency markets has been higher this week, with prices surging after a recent downward spell. Ethereum, on the other hand, was largely unchanged in today’s session. Bitcoin Bitcoin (BTC) was once again trading above $20,000, as […]

What is Bitcoin hash rate and why does it matter?

Cryptocurrency’s hash rate measures a blockchain network’s processing power to process transactions.

A simply but brutal comparison “If a coin falls, how much it must increase to return to the price”

A comprarison of how much given coin need to recover after a fall. If a coin drops by: To return to the price from before the fall, it must increase by: 10% 11% 20% 25% 30% 43% 40% 67% 50% 100% 60% 150% 70% 233% 80% 400% 90% 900% 95% 1900% Just a friendly reminder…
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Proposed my first block (yay!) do earned fees go directly into my wallet or stay with my staked eth?

My fee address is correct; I have confirmed. It seems like the fees stay with the stakes eth/contract (which is fine) I just want to confirm it is not supposed to go directly to my attached fee account Thanks… (also thinking about enabling a second validator now….) submitted by /u/NiceAsset [link] [comments]

Binance and Kazakhstan to Share Information About Crypto-Related Crime

Cryptocurrency exchange Binance has agreed to support Kazakhstan in ensuring the safe development of the country’s crypto market. The trading platform and Kazakhstan’s financial regulators intend to inform each other about cases involving the use of digital assets for illicit purposes. Binance Exchange to Help Kazakhstan Authorities Combat Crime Linked to Cryptocurrencies The world’s leading […]