DeFi.org Announce Accelerator Program Members with Polygon and Orbs

Web3 giants Polygon and Orbs join hands with DeFi.Org to unleash new opportunities in the DeFi ecosystem. Four winning DeFi projects will bring unique features and use-cases to evolving DeFi landscape using Polygon and Orbs infrastructure.

Timeline of Polygon, Orbs

July 26, 2022 – Tel Aviv, Israel After announcing the launch of a special DeFi accelerator program in May, layer two scaling solution Polygon – in partnership with layer three blockchain infrastructure solution Orbs and community-led DeFi accelerator platform DeFi.org – has selected four program participants from a field of applicants.

The Polygon (MATIC) price continues with its downside momentum following the break of the week-long rally. Currently, the price finds no sign of slowing down after dropping below the psychological $0.80 mark.

Polygon price analysis for today reveals a relatively negative outlook after a bearish trend yesterday. The market opened at $0.87 and traded between an intraday high of $0.88 and a low of $0.84 before closing the day 4.97 percent lower at $0.832.The bulls are currently defending the $0.

Polygon price analysis is bullish again, after price rose more than 7 percent over the past 24 hours to move as high as $0.8946. MATIC had been in a horizontal channel since July 20, 2022, after initially forming a significant uptrend to move up to $0.98 on July 18.

Since last week, the MATIC/USDT pair has been consolidating in a short range, reflecting high volatility in the market. However, this consolidation shaped into a pennant pattern, offering a recovery opportunity for traders.

It makes sense to sell MATIC at its current price level to cash out from the recent rally. This decision might particularly be enforced by the slight pullback that it has achieved from its latest top.

The MATIC token could face a new correction despite looking shaky as the technical indicators show so let's have a closer look at our latest altcoin news today. The MATIC token could face a new correction after soaring over the past month and it seems to be entering overbought territory.

Polygon [MATIC] has been making headway into scaling Ethereum [ETH] since the day it launched with improved speeds and significantly reduced costs. Challenges are a part of every journey.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion. MATIC buyers ultimately gathered enough thrust to propel a bullish flip on the EMA ribbons over the last week.

Every time new protocols in the crypto asset industry perform well beyond expectations during presales, they are generally regarded as solid, worthwhile investments that will run long and hard in the industry. Polygon ($MATIC) and Tron ($TRX) are such investments, which have since rewarded early investors with massive gains as they hit the top 20 in crypto market capitalization.