Polygon Price Holds Amidst Bloody Day, Can Price Hold Above $0.60?

The price of Polygon (MATIC) has shown great strength in the past few weeks against Tether as it maintained its bullish sentiment. Despite the retracement across the crypto market, Polygon has shown great strength holding above $0.75 compared to other crypto assets that have lost their key support.

Timeline of Polygon

Polygon price analysis reveals that the cryptocurrency has been following a bearish trend displaying further opportunities for bearish activities, with the price of MATIC/USD moving under the $0.81 mark. On August 26, 2022, the cost of Polygon experienced a flash crash and reached $0.80.

A new Web3-focused venture capital firm launched by Polygon (MATIC/USD) co-founder Sandeep Nailwal and Cere Network co-founder Kenzi Wang, has raised $50 million from investors, positioning itself for a crucial role in Web 3 development via investments that empower the next breakthrough projects.

The online gaming ecosystem, GameSwift, has moved from the Terra blockchain to the Polygon network after a while with the former. Formerly known as StarTerra, GameSwift changed its name before moving to the Polygon Supernets.

Singapore, Singapore, 25th August, 2022, Chainwire Nature's Vault, a Singapore-based Greentech company, announced today a strategic collaboration with Polygon Network, a leading Web 3 protocol provider.  Launched earlier this year, Nature's Vault's mission is to develop innovative and impactful ESG investments that combat climate change, namely greenhouse gas emissions and ecosystem degradation.

Polygon [MATIC] has been busy building an infrastructure on the network lately. It rolled out the Miden VM v0.2 update on 24 August, which comes with a “complete architecture overhaul and lots of new features”.

Led by the former head of TikTok's gaming unit, Meta0 will leverage Polygon's vast GameFi ecosystem and developer tooling to help drive Web3 expansion and interoperability MIAMI--(BUSINESS WIRE)--Meta0, a new blockchain startup that connects metaverse

On Tuesday (August 23), the Polygon ($MATIC) team talked about how their project will be affected by Ethereum's upcoming “Merge” upgrade, which marks the Ethereum network's transition from proof-of-work (PoW) to proof-of-stake (PoS).

GameSwift – a Web3 gaming solution, has announced a strategic partnership with the Polygon network to build a comprehensive Gaming Ecosystem. GameSwift partnered up with  Polygon and is going to launch its own chain built on the Polygon Edge framework.

Quick Take In this bi-weekly series, we look into some of the most interesting data and developments across the Layer 2 blockchain landscape, from DeFi and bridges to network activity and funding Polygon zk efforts appear to have coalesced across Polygon Hermez, Zero and Miden; a result of their  close collaboration working under a single umbrella Scroll has also announced the launch of the zkEVM testnet, where they achieved EVM equivalence by using a myriad of zk circuits and recursion zkEVM efforts are receiving significant attention from the media, although it remains to be seen that it will be a game changer for adoption zkMIPS and zk/optimistic hybrids are also being discussed at length, considering the possibility that optimistic rollups may someday transition to use validity proofs as well

The way the crypto market is performing in recent times has forced traders to keep their eyes wide open. It's like anything can happen in the next hour or a day. Investors whose funds are already invested are stressed and the one who is planning is confused with the volatility.