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Polygon (MATIC) rebranding to POL could be a bullish catalyst. Frax (FXS) is launching its layer-2 blockchain, potentially buoying price outlook. Memeinator (MMTR) presale has reached stage 15 as meme coin looks to dominate market upon launch. The past week saw cryptocurrencies surge as Bitcoin broke above $48,000. While BTC price has retreated below the above level, investors keen on potential bull momentum in coming months are likely to use the dip to buy more. Top alt coins such as Ethereum, Solana and XRP are worth a look at. However, a few tokens could stand out amid key news events and developments. Here’s why Polygon (MATIC) and Frax Finance (FXS) and Memeinator (MMTR) could be two of the tokens to watch in coming weeks. Polygon (MATIC): Rebrand could be bullish Polygon ’s MATIC is one of the top alt coins to retreat on Monday as Bitcoin pared gains from the weekend. The cryptocurrency was down about 3% as the broader crypto market mi...

Polygon Labs’ CEO announced the departure of 60 staff members, representing 19% of its workforce. The cuts are part of a strategic adjustment aimed at bolstering performance efficiency rather than being driven by financial necessity. In addition, the announcement highlighted the evolution of Polygon Ventures into P2 Ventures following its separation from Polygon Labs at the end of 2023. Additionally, the Polygon ID division is set to become an autonomous entity in the near future. In the statement, Polygon CEO Marc Boiron emphasized that the downsizing was enacted not out of financial necessity but to streamline operations for better performance. THE END of an incredible journey at @0xPolygonLabs! I joined MATIC Network (now Polygon Labs) as a Project Manager Intern almost 3 years ago, got promoted to a full-time Project Manager in 3 months, Promoted to Ecosystem Manager in the next 15 months and again got promoted to… — Ronak Jethava | Polygon Labs (@RonakTwts) Februa...

Flipsides say the ongoing demand for economical alternative s to Ethereum, will drive more layer-2 projects to prioritize reducing end-user costs this year. Ethereum is set to confront heightened competition in the blockchain space in 2024, driven by the persistent demand for cost-effective alternative s and the proliferation of Ethereum Virtual Machine (EVM)-compatible layer-2 networks, Flipside, a blockchain data platform, said in a recent research report. Is the bull is really here? How can we tell? Data. Sentiment isn't the only thing that's changed lately. According to the data, user behavior is shifting — and with it, crypto markets. We cover it all in The Onchain Crypto User Report pic.twitter.com/IsclNOZhJk — Flipside (@flipsidecrypto) January 25, 2024 As per analysts, a substantial portion of EVM users are now actively exploring alternative options to Ethereum due to the allure of lower fees and faster transactions offered by emerging layer-2 solutions. T...

Polygon (MATIC) price is poised above $0.85, a key support level that could see bulls eye $1 in coming weeks. Bullish catlysts for crypto and developments in the Polygon ecosystem could buoy MATIC upside momentum. Polygon (MATIC) price continues to hold above $0.85, a key level above buyers could target the psychological $1 hurdle. Despite the broader market’s lull amid the thinned trading expected this Christmas holiday week, MATIC could still see a major breakout. Could it be one of the top altcoins under $1 in the market today? Here’s the price outlook for Polygon. Polygon an “underdog”? Polygon has not experienced the kind of price explosion some coins have witnessed in 2023 overall or in recent weeks. But Polygon ’s zero-knowledge EVM (zkEVM) technology, Chain Development Kit (CDK) and MATIC to POL migration mark a few of the key developments for the blockchain in the year. Polygon also recently integrated with Chainlink ...

Despite running on a Polkadot parachain, Grill.chat lets users post using Ethereum wallets and send payments via Polygon. Grill.chat, a chat app based on the Sub social network, has now implemented Ethereum Virtual Machine (EVM) wallet compatibility, allowing users to chat using their Ethereum identities and send crypto to each other via Polygon, according to a June 7 announcement. Subsocial is a Polkadot parachain designed for social media applications. Grill.chat allows users to participate in over 70 chat rooms focused on mostly crypto-related topics. The development team seeks to attract new Web3 projects to build their communities on the platform. Polkadot Decoded chat room on Grill.chat. Source: Grill.chat The integration means that users can now connect their Subsocial wallets to their EVM wallets by signing a transaction verifying that they are the wallet’s owner. This prevents them from needing to own SUB tokens to donate to other users, and it allows them to prove their Eth...

Staking MATIC helps one to generate passive income. Find how to stake MATIC via MetaMask, Binance, Coinbase Wallet and Trust Wallet. The Polygon network, formerly the Matic network, is an Ethereum-scaling protocol that reduces cost and embeds high security. In a short span, Polygon has gained a high level of traction. A string of solutions on a single network sets Polygon apart from other Ethereum scaling projects. It empowers developers to zero in on a scaling solution that works best with their applications. Polygon Labs has been consistently working to develop scaling solutions based on plasma sidechains, a blockchain bridge, different types of zero-knowledge proofs and Optimistic Rollups. Processing bundles of transactions on the Polygon proof-of-stake (PoS) blockchain drastically reduces the burden on the Ethereum main chain, making transactions faster. The throughput rate in the Ethereum base layer is roughly 14 transactions per second, while Polygon has the potential to handle ...

The partnership between the Polygon network and Mercy Corps Ventures targets underserved communities in blockchain awareness and education initiatives. Blockchain technology continues to make its way into mainstream view, as many companies adopt the technology as a part of their operations. In the push for Adoption of this technology comes the simultaneous need for more Education on the technology.  A new partnership announced on March 2 between the Polygon blockchain network and Mercy Corps Ventures, the investment arm of the humanitarian organization Mercy Corps, focuses on bringing blockchain education and opportunities to underserved communities. According to the announcement, the new partnership has three primary objectives in its effort to bring blockchain and Web3 solutions to “traditionally excluded and underserved communities.” These objectives include funding blockchain pilots that enable access to the financial system, blockchain hackathons with developers serving users ...

Bitcoin and select altcoins have rebounded sharply off their support levels, a possible sign that traders are buying the recent dip in the market. Bitcoin (BTC) is leading the cryptocurrency markets on the path to recovery. Although the United States Consumer Price Index (CPI) print for January was marginally higher than expectations, it did not dent the enthusiasm of bullish crypto trader. A positive response to seemingly negative data is a sign that the sentiment is bullish and traders are looking for buying opportunities. However, some analysts are cautious due to the strengthening of the U.S. dollar index (DXY). They believe that a sustained rally in the DXY could limit the upside in cryptocurrencies. Daily cryptocurrency market performance. Source: Coin360 Usually, long-term downtrends are followed by a base formation. During this phase, several analysts remain skeptical about a rally but the price action continues to surprise them. Although data is important, short-term traders ...