Why Bitcoin Cash, Ethereum Classic, Litecoin, Polygon (MATIC), Shiba Inu And Solana Are Soaring Higher Thursday

Bitcoin Cash (CRYPTO: BCH), Ethereum Classic (CRYPTO: ETC), Litecoin (CRYPTO: LTC), Polygon (CRYPTO: MATIC), Shiba Inu (CRYPTO: SHIB) and Solana (CRYPTO: SOL) all spiked higher on heavy volume during U.S. pre-market trading and are trading around session highs Thursday afternoon. Several cryptocurrencies are trading higher in sympathy with major U.S. indices following key U.S.

Timeline of Bitcoin-cash, Ethereum-classic, Litecoin, Polygon

Polygon became the fourth largest network in terms of TVL after overtaking Avalanche  The metrics were by and large not in favor of MATIC Vitalik Buterin recently praised Polygon [MATIC] in reply to a tweet about its newly launched zk-EVM, calling it “truly amazing.

Similarly to Bitcoin and other altcoins, ETC (Ethereum Classic) has been severely impacted by the FTX liquidity crisis. CoinGecko data show that the historical performance of the coin on the daily, weekly, biweekly, and monthly time frames is not promising for the ETH fork.

Polygon-Bebop partnership to improve the DEX trading efficiency through “one-to-many” and “many-to-one” token swap tools.   Can improved token trading and swap efficiency on Polygon shore up MATIC's value?

 MATIC's price loses its $1 support as the price trades to a region of $0.8.   MATIC's price continues to look bearish with the market's current state, as things look uncertain for most traders and investors.

Bitcoin Cash (CRYPTO: BCH), Ethereum Classic (CRYPTO: ETC), Litecoin (CRYPTO: LTC) and Solana (CRYPTO: SOL) are all falling sharply Wednesday afternoon. Shares of several altcoins are trading lower during Wednesday's session following a CoinDesk report suggesting Binance is leaning toward scrapping the FTX acquisition.

Polygon's MATIC has struggled to keep its weekly gains despite the entire crypto market trading in the red zone. The crypto market plunged into an endless decline yesterday after FTX's acquisition by Binance was made known.

Seoul, Korea, 9th November, 2022, Chainwire NFT Marketplace, OnePlanet, is presenting its launchpad service to support the Polygon NFT ecosystem. By commencing an NFT launchpad service dedicated to the Polygon ecosystem, OnePlanet now brings new collections to be minted and launched on the Polygon network.

Over the last few months we have seen Polygon's rapid growth beyond the scope of an Etthereum layer 2. Polygon has been focused on becoming a key player in the Web3 space and its latest update reveals just how big of a role it might play in the future.

Polygon (MATIC) was one of the best performing cryptocurrencies by market cap, but bearish blues haven't spared its price entirely. The post With Polygon Whales Exiting, Here Are the Key MATIC Price Levels to Watch appeared first on BeInCrypto.

Polygon (MATIC) has been on an upward trend since it broke out of a rising wedge pattern last week. Across all time frames examined by CoinGecko, MATIC has been on the rise, with the monthly time frame revealing the most increase (41.9%).