Polygon price analysis: MATIC could drop down to $0.50 if bulls fail to build momentum

Polygon price analysis continues to remain bearish today, as price dropped as low as $0.578. MATIC has been in downtrend since the start of this month, after forming a slight uptrend at the end of May.

Timeline of Polygon

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Altcoins that fall by 50% on the charts can fall yet another 50%.

Wirex, a crypto payments company, is expanding the suite of top-up methods on their non-custodial wallet “for Indian customers.” The addition of this popular payment option to purchase crypto “will make the digital economy more accessible for over 1 billion people in India.

Polygon is currently implementing stricter customer information for all potential collaborations for legal entities resident in India as the country's regulatory scrutiny increases. According to an individual with valid information on the matter, the Layer 2 (L2) side chain now demands thorough Know Your Customer (KYC) information.

Stiff crypto regulations in India are making it difficult for businesses to invest or offer grants in the industry, a CoinDesk report notes. Polygon Increases KYC Scrutiny for Investments, Grants Polygon, an India-based Ethereum scaling project is now requiring extensive…

Partisia is a Layer 1 network claiming to solve the Blockchain Trilemma with ZK privacy, sharding for scalability, and an MPC collateralized bridge. The post Has the trilemma been solved by new Polygon backed layer 1 blockchain?

Tether Operations Limited, the company operating the blockchain-enabled platform tether.to that “powers the largest stablecoin by market capitalization of over US $73 billion,” has launched Tether tokens (USDt) on Polygon (formerly MATIC), “a leading blockchain development platform.” The addition of Tether to the Polygon ecosystem.

Tether's stablecoin launched on the Polygon network which is the 11th network to host USDT tokens, benefiting from their value stability on dapps so let's read more today in our latest Tether news. Tether as the company behind the world's biggest stablecoin launched its premier Tether token across Polygon and this will bring utility to thousands

Following the company launching a fiat-pegged tied to the value of the Mexican peso, Tether, the stablecoin issuer has announced the firm has launched tether tokens on the Polygon network. The Polygon integration follows the stablecoin being added to the Avalanche and Kusama blockchain networks. Tether Joins the Polygon Blockchain Ecosystem The largest stablecoin by

The launch of the new Terra (LUNA) blockchain has been pushed back one day and is now expected to go live this Saturday. The launch is readying as the Terra community voted to burn a portion of the old terraUSD (UST) supply, while some projects are migrating to other blockchains.

The stablecoin market has been part of the headlines since the second week of May. Post the TerraUSD (UST) massacre; investors felt shaky about the future of stablecoins. Meanwhile, some positive news is coming up from the stablecoin market. Tether (USDT), the largest stablecoin by market capitalisation, has launched on Polygon (MATIC), a leading blockchain The post Stablecoin Tether launches on Polygon Network appeared first on Invezz.