Biggest Movers: MATIC Climbs to 5-Week High, ATOM Extends Recent Gains

Polygon was one of Tuesday's notable gainers, as the token rose to its highest point since mid-September. Today's surge saw prices of the cryptocurrency rise for a third straight session. Cosmos also extended recent gains, climbing to its strongest point in recent days.

Timeline of Cosmos, Polygon

The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. MATIC's recent bullish comeback aided buyers in finding a close above the near-term EMAs.

ATOM's price shows strength as price breaks bounced off from $12 with good volume with eyes set to reclaim $13.  ATOM breaks out of a downtrend as the price resumes a bullish structure.

Polygon (MATIC/USD) is partnering with blockchain wallet and security services firm HAECHI LABS in a partnership that seeks to bring millions of Web2 gamers and developers to Web3, the companies announced on Monday.

Polygon [MATIC], at the time of writing, was trading at a significant premium from its 2022 lows but the alt had struggled to recover back above $1. Demand for the coin above the same price level remained low but a recent Polygon partnership may pave the way for more liquidity.

The performance of the global crypto market has seen a negative trend due to continuing losses. The recent data for Bitcoin, Binance Coin, and others show a continuation of losses.

The Co-founder of Polygon Sandeep Nailwal has disproved one of the most harmful myths propagated by fervent blockchain skeptics: the Web3 revolution is not solely intended to address "new" problems

Polygon [MATIC] in its latest string of collaborations, announced that the Polygon team will be working with Indian law enforcement. The blockchain would be working to create an online complaint (FIR) portal.

Cosmos is now making sure their system won't share the same fate as the BNB Chain that was drained of $100 million worth of tokens in a hacker attack last week. On October 13th, Ethan Buchman, co-founder of the Cosmos inter-blockchain communication (IBC) ecosystem, revealed a major security weak point that affects all Cosmos chains that utilize IBC, regardless of the version of IBC they employ.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto's own research on the subject MATIC, Polygon's native token has seen a steady price decline over the past 30 days. The crypto ranked thirteenth on CoinMarketCap, has gone from $0.93 to $0.

Co-founder of the inter-blockchain communication (IBC) ecosystem Cosmos, Ethan Buchman, announced the existence of a “critical security vulnerability” on 13 October that affects all Cosmos chains which support IBC and all IBC versions.