Altcoin News Official TheBitTimes.com

Cryptocurrency analyst and trader Ali Martinez is leaning cautiously bullish on an Ethereum-based altcoin. Martinez tells his 70,300 followers on the social media platform X that the native token of the Ethereum (ETH) scaling solution Polygon (POL) is forming a descending triangle pattern, on the weekly chart. A descending triangle pattern is typically considered a bearish signal. According to Martinez, POL could appreciate by 155% from the current level if the support area at around the $0.34 price holds up. Source: Ali Martinez/X POL is trading at $0.369 at time of writing. If Polygon’s $0.34 support level fails, Martinez says, “However, if it breaks, a correction down to $0.19 is possible.” Source: Ali Martinez/X Next up is Bitcoin (BTC). Martinez says that earlier in the year, the Tom DeMark (TD) Sequential indicator, a tool used in technical Analysis to identify potential trend reversals, turned bearish. According to the analyst, Bitcoin mu...

Ondo Finance has achieved a major milestone, exceeding $600 million in Total Value Locked (TVL) across its yield-generating products. The platform now manages $384 million in USDY and $221 million in OUSG, reinforcing its status as a top issuer of tokenized treasuries. Meanwhile, Monero (XMR) has seen a significant upward trend, currently trading at $175.01, reflecting a 1.47% increase in the last 24 hours. This price rise is linked to a series of bullish trends that have emerged in recent days. Meanwhile, tokens within specific blockchains have also hit price climbs. This article outlines the most trending cryptocurrencies on Polygon, providing further insight into the ecosystem-specific rally. Most Trending Cryptocurrencies on Polygon Fuse Network significantly creates scalable and accessible financial products within a decentralized ecosystem. Lucidao operates as a decentralized autonomous organization (DAO), with its community members actively participating in decision-making. ...

Justin Sun, the founder of the Tron blockchain, recently suggested on the X platform that China might soon lift its ban on digital assets. This potential move follows Hong Kong’s footsteps, which has drawn various crypto firms due to its pro-crypto policies. Meanwhile, this news has sparked positive market sentiment, prompting investors to explore top cryptocurrencies to buy now . Top Cryptocurrencies to Buy Now Polygon is set to undergo a major update, with plans to rename its MATIC token to POL on September 4. In a related development, MultiversX has also proposed a significant update to its blockchain, known as the Spica network upgrade. Meanwhile, VeChain has introduced a new tool called “Create #VeChain dApp” on NPM, which is designed to simplify the development of decentralized applications (dApps). 1. Polygon (MATIC) Polygon is undergoing a significant update, aiming to rename its MATIC token to POL in a major development on September 4. This changeover will...

The cryptocurrency market has been swimming in volatile waters. Several assets have been pocketing gains while a few others have been moving slower than the others. Bitcoin [BTC] is a long way from its all-time high of $73,750.07, but it has been trying to achieve the $60,000 milestone for now. Investors were anticipating a strong start to the year’s third quarter. But due to increasing selling pressure in the cryptocurrency market, things did not go as planned. Despite a rocky start, it is still possible for certain assets to soar this quarter. 3 Strong Assets in Q3 2024 Polygon [MATIC] – With a trading volume of $258.41 million, MATIC’s price surged by 1.24% over the last day. In addition, this Ethereum-based altcoin fell 21% during the last month and 6.40% over the previous week. At press time, the cryptocurrency was trading at $0.5053. Bulls in the MATIC market will regain momentum and get ready to challenge the asset’s upper resistance level of $0.69. T...

As the highly anticipated Bitcoin halving event approaches, cryptocurrency investors and enthusiasts are eagerly seeking opportunities to capitalize on the potential market surge. While Bitcoin often takes center stage during such events, savvy investors are also looking towards promising altcoins that could offer significant returns. In this article, we will explore three coins currently trading under $1. These coins are worth considering before the Bitcoin halving: Ripple (XRP), Cardano (ADA), and Polygon (MATIC). Ripple (XRP) Source – FX Ripple (XRP) facilitates fast, secure, and low-cost global financial transactions. With its unique consensus mechanism and partnerships with major financial institutions, Ripple aims to revolutionize cross-border payments and remittances. XRP’s strong fundamentals and potential for widespread adoption make it an attractive investment option. Experts anticipate a rise in demand for XRP as more banks and payment providers integ...

Polygon Labs has announced the impending launch of Polygon 2.0, a network upgrade it describes as a blueprint for building the “value layer of the internet.” According to the group, Polygon 2.0 will bring infinite scalability and unified liquidity to the Ethereum ecosystem, allowing anyone to seamlessly create, exchange, and program value. Polygon launching Polygon 2.0  Polygon, an Ethereum layer-2 scaling solution, has shed light on its upcoming Polygon 2.0 launch . The team says the Polygon 2.0 upgrade aims to radically revamp all aspects of the network, including its tokenomics. Per a blog post by the team, Polygon 2.0  is simply a network of ZK-based layer-2 blockchains connected through an innovative cross-chain coordination protocol.  The team claims Polygon 2.0, will bring infinite scalability and unified liquidity to the Ethereum ecosystem, as the network can support an unlimited number of chains and cross-chain interactions without compromising security...