Crypto news and prices of Polygon (MATIC), Elrond (EGLD) and Chainlink (LINK)

We continue our analysis of the crypto world with regard to news and prices, today in particular we will analyze three very interesting projects, Polygon (MATIC), Chainlink (LINK) and Elrond (EGLD), which we now know as MultiversX.

Timeline of Elrond-egld, Chainlink, Polygon

MATIC Price Prediction: With the increasing FUD in the crypto market, the MATIC price downtrend has recently taken a slight detour and turned sideways. The price action moving with lower highs and higher lows within two converging trendlines has revealed an inverted pennant pattern formation.

Chainlink [LINK] noted increases in Key Performance Indicators, although LINK has seen little price gains after the rally in early 2023. On the charts, LINK faced some serious obstacles from the sellers in the $7.5 zone.

Chainlink price analysis confirms that the bears have a dominant hold over the LINK market after a brief period of bullishness. The bears have pushed the price of LINK below the $7.12 level, and the current trend suggests that more downside is likely.

In March, Polygon saw a surge in user activity, making it the second-largest blockchain gaming network in terms of unique active wallets. Polygon's Hunters On-Chain game, which has seen a 17,000% UAW increase in the past 30 days alone, was a significant contributor to this surge.

Polygon, Ethereum's layer-2 scaling solution, is swiftly emerging as a powerhouse in the gaming industry, thanks to a rise in user activity on its network. Polygon had a 53% growth in daily unique active wallets (dUAWs) last month, reaching 138,081 in March, making it the second-largest blockchain gaming network in terms of UAWs, according to DappRadar.

The rise of user activity on the Ethereum layer-2 scaling solution platform, Polygon, is causing ripples in the blockchain gaming industry. According to a recently published “Blockchain Games Report,” the number of unique active wallets (UAWs) using Polygon increased by 53% in March, reaching 138,081.

Despite the volatility in the crypto market, Chainlink has continued to offer its services to various sectors in the crypto space. Over the last few months, the protocol has collaborated with a huge number of players in the crypto space.

ChainLink price analysis for April 7, 2023, indicates a decline in the market, with negative momentum. During the last few hours on April 6, 2023, the value of LINK has consistently shown a bearish trend, with a drop in price from $7.26 to $7.21.

Operation Choke Point 2.0 has deprived the crypto industry in the United States of crucial fiat payment channels. As NewsBTC reported, the liquidity of the Bitcoin market is near historic lows, but what about altcoins such as Litecoin (LTC), Chainlink (LINK) and XRP?

Layer-2 scaling solution Polygon (MATIC) is establishing a name in the gaming sector following impressive growth in daily unique active wallets (dUAW) last month. According to blockchain intelligence platform DappRadar, Polygon recorded 138,081 dUAWs in March marking an increase of 53% from the numbers recorded in February.