How can we say that ethereum is still decentralized, after we learn about its IPO and its move to proof of stake?
Source of my concerns about ethereum https://youtu.be/woDaEGT6psQ submitted by /u/Solid-Win6743 [link] [comments]
Source of my concerns about ethereum https://youtu.be/woDaEGT6psQ submitted by /u/Solid-Win6743 [link] [comments]
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MATIC didn’t have to wait for Bitcoin to initiate a price rally and cause the USDT dominance to decline just to have a bullish momentum. In fact, according to tracking from Coingecko, the cryptocurrency managed to increase its value by 24.3% over the last 30 days – the same period where most digital currencies struggled to stay on the green zone. MATIC dumped the block established by bears at the $0.93 resistance marker The altcoin has increased by more than 24% over the last month A rally towards the $1 marker is highly likely At press time, the altcoin is trading at $0.93 and is up by 11.9% for the past seven days. In a span of 14 days, the asset was able to tally a 17.4%. The asset was expected by analysts to experience rejection in attempting to test the $0.92 resistance marker. MATIC, as it turns out, still had enough kick in it to move past the crucial barrier and sustain higher price levels at this moment. Profit Opportunity For MATIC Buyers Starting from the middle part of July this year, the native token of the Polygon network was trading at a narrow range between $0.72 and $1.03. Sometimes, MATIC would settle at $0.88. At the start of this month, the crypto revisited the lower zone of its price range, giving bulls the chance to test sellers that resulted in positive gains. Related Reading: FLOW Diverted By Bearish Current Amid Relative Inactivity – Here’s Why Source: TradingView Although the A/D indicator did not have any strong showing over the last few months, MATIC’s Relative Strength Index was swinging from 30 to 70. The upper portion of that zone was above the 50-neutral score, indicating that the asset was always headed for a surge. That happened, pushing trading price to $0.93 where a bearish block was established. Bulls did a great job at demolishing this to make the bullish run possible. In case that the bulls lose their grip, the cryptocurrency might once again fall to $0.87. This, however, can be an opportunity for buyers to make profit as it is likely that MATIC will bounce back and move up all the way to $1, or even $1.05. Long-Term Forecast Dim Online crypto data provider Coincodex re-echoed this sentiment with this short-term forecast for the 11th largest cryptocurrency in terms of market capitalization. Its 5-day prediction puts MATIC at a trading price of $1, which would mean another significant climb for the asset that attained its $2.92 all-time high in December of last year. But the long-term trajectory of the crypto, its 30-day forecast in particular, is not looking good as it points into a steep fall. Coincodex forecasts MATIC will likely retreat to $0.56 one month from now. Therefore, it is imperative for buyers to always keep a close watch on the asset’s price movement in order to ensure they protect their interest for gains and profit. Related Reading: THETA Shows Renewed Vigor – How Far Can The Coin Push Ahead? MATIC total market cap at $8.2 billion on the weekend chart | Featured image from PhotoDune, Chart: TradingView.com Disclaimer: The analysis represents the author’s personal views and should not be construed as investment advice.
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Industry associations from Hungary and Thailand plan to cooperate on implementing blockchain technologies in the financial services sector. The two sides hope to share experience and produce ideas for alternative services as part of their new partnership. Thailand and Hungary Announce Blockchain Pact During Bilateral Fintech Forum The Thai Fintech Association and Hungary’s Blockchain Coalition […]
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A new study by Fidelity Digital Assets, a subsidiary of financial giant Fidelity Investments, shows that 58% of institutional investors surveyed invested in digital assets in the first half of this year and 74% plan to invest in the future. Fidelity’s Institutional Investor Digital Assets Study Fidelity Digital Assets, a subsidiary of financial giant Fidelity […]
On Oct, 27 LooksRare the second largest NFT marketplace announced that it would no longer collect and distribute artist royalties. It's going to give the artist a 0.5% cut of sales which is much lower than the 5 to 8% that most artist set on their NFTs. another NFT marketplace X2Y2 tweeted on August 25th…
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