The cryptocurrency Polygon (MATIC) has found itself in a challenging position, with only 2% of its holders currently seeing any…

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Market woes continue for MATIC with vast majority in loss.

Polygon's Continued Growth and Innovation Tiger Research's report highlights Polygon's impressive growth trajectory despite market downturns. The network has attracted a growing number of developers and projects, thanks to its scalability, low transaction fees, and compatibility with Ethereum. AggLayer: The Blockchain Superhighway AggLayer is a revolutionary cross-chain interoperability protocol developed by Polygon. It allows blockchains to communicate seamlessly, enabling the transfer of assets and data across different networks. This technology has the potential to unlock new possibilities for DeFi, NFTs, and other blockchain applications. Innovative Use Cases Becoming a Reality The report explores real-world use cases of AggLayer, such as the creation of cross-chain bridges, interoperable wallets, and decentralized exchanges. These applications are already providing tangible benefits to users, making it easier to move assets and access services across multiple blockchains. MATIC → POL Transition: More Than Just Rebranding Tiger Research emphasizes that the transition from MATIC to POL is not merely a rebranding effort. POL will serve as the heart of the AggLayer ecosystem, providing enhanced scalability, security, and governance. This upgrade positions Polygon as a leader in the development of interoperable blockchain solutions. Conclusion Tiger Research's report provides valuable insights into Polygon's growth, innovation, and vision for the future of blockchain interoperability. With AggLayer as its cornerstone, Polygon is well-positioned to revolutionize the way blockchains connect and collaborate. Its continued development and adoption will drive the growth of the entire blockchain ecosystem.

The cryptocurrency market has proven time and again that small investments can yield extraordinary returns, transforming portfolios in a matter of years. While Bitcoin (BTC) remains the gold standard in digital assets, offering stability and long-term growth potential, many investors are searching for altcoins that could provide even more substantial gains. With 2025 on the horizon, now is the time to make strategic investments in altcoins with the potential to turn $1,200 into a $2 million portfolio. Among these, one new token is making waves for its exceptional potential: PawFury (PAW).

PawFury (PAW) – The New Rising Gem

PawFury (PAW) has raised an impressive over 6 Million Dollars during its presale, signaling its breakout success. Analysts are calling it the new rising star with explosive potential that could go parabolic in the near future. This bullish sentiment and the influx of investments are positioning PawFury as a future market leader. Its high demand and projected 100x surge have made it a must-watch in the crypto market.

            Click Here to Join the Hidden Gem Set to Explode in 2024!

Polygon (MATIC) has solidified its position as a leading Layer 2 solution for Ethereum, providing faster and cheaper transactions while alleviating network congestion. As more decentralized applications (dApps) and developers migrate to Polygon, MATIC’s ecosystem continues to expand rapidly. With its current low price and growing adoption, MATIC is well-positioned to offer substantial returns as Ethereum’s scaling solution of choice.

Ethereum (ETH) remains the backbone of decentralized applications and smart contracts, driving much of the innovation in the blockchain space. With its recent transition to Ethereum 2.0, ETH aims to address scalability issues and reduce energy consumption, further solidifying its status as a leader in the crypto world. While Ethereum offers consistent growth potential, its more established position means it may deliver steady gains rather than the explosive returns anticipated from newer tokens like PawFury.

Kaspa (KAS) is a lesser-known but promising player in the blockchain space, leveraging a Directed Acyclic Graph (DAG) structure to solve scalability challenges. With its focus on high throughput and low latency, Kaspa aims to offer an efficient solution for blockchain transactions, positioning itself as a future leader in scalability innovation. While KAS presents exciting potential, its market reach may not be as broad as that of tokens like PawFury, which combine technical innovation with strong community support.

Polkadot (DOT) is recognized for its focus on interoperability, allowing different blockchains to communicate and share data seamlessly. With its unique relay chain and parachain architecture, Polkadot aims to create a more interconnected and scalable blockchain ecosystem, attracting numerous developers and projects. While DOT is poised for significant growth, its returns might be steadier compared to the dramatic gains projected for newer, high-growth tokens like PawFury.

Conclusion

While Polkadot (DOT), Kaspa (KAS), Polygon (MATIC), and Ethereum (ETH) showcase various growth avenues, PawFury (PAW) shines with its innovative ecosystem, engaged community, and extraordinary potential. Following a strong presale and visionary development strategy, PawFury is well-positioned for those looking to invest in the next market explosion.

Click the links below  to learn more about PawFury and its presale:

Presale: https://pawfury.com#presale 

Twitter: https://x.com/Paw_Fury 

Website: https://pawfury.com  

The post Invest $1,200 in These Altcoins Now to Secure a $2 Million Portfolio by 2025! appeared first on TheCoinrise.com.

In the cryptocurrency market, “whales,” known as large investors, often shape the direction of the industry with their decisions. As reported by The Bit Journal, altcoins that catch the attention of whales usually see significant gains during bull markets, while those they sell off experience declines. Recently, Injective (INJ), Render (RENDER), and Polygon (POL) have attracted the interest of whales. But what does the future hold for these three altcoins under whale scrutiny? Here are the details…

Why Are Whales Focusing on These Three Altcoins?

Experts at Santiment have analyzed why whales are showing interest in these three altcoins. The researchers discovered that these cryptocurrencies have been moved off exchanges and into whale wallets, which has led to price anomalies. They pointed out that these transfers could signal potential opportunities in the market.

Whales Stocked Up on These Three Altcoins in August!

These movements are likely to reduce selling pressure in the market. Investors believe that whales withdrawing these crypto assets from exchanges could present long-term growth opportunities. As a result, this shift in market balance might signal positive changes for investors.

Altcoins such as Injective (INJ), Render (RENDER), and Polygon (MATIC) are among several that saw plenty of price anomalies after whale exchange wallet supply suddenly shifted to whale cold wallet supply. These anomalies are fantastic as both short & long term signals. pic.twitter.com/3oY4URcAb7

— Santiment (@santimentfeed) September 16, 2024

Historical Whale Movements in Altcoins

According to Santiment data, INJ whales made their largest withdrawals on August 21, 2023. Similarly, RENDER whales executed a significant purchase on July 21, 2024. Finally, POL whales completed a major withdrawal on September 9, 2024. These large transactions had notable impacts on the market.

These historical movements reveal the strategic purchases of whales and their influence on the crypto market. Investors are closely watching how these significant trades will shape future price movements.

Reduced Selling Pressure Expected

Whales storing these altcoins in cold wallets by moving them off exchanges is expected to reduce selling pressure. Reduced selling pressure often allows prices to rise more steadily. This has fueled hopes that the bull market will continue.

What’s Next for Investors?

In the coming months, if whales continue withdrawing more altcoins from exchanges, prices are likely to trend upward. Investors can strategically follow whale movements to capitalize on opportunities. By tracking whale purchases and sales, those looking to profit from the market can position themselves accordingly.

Injective, Render, and Polygon continue to show potential for growth, driven by the interest of whales. During this period, investors should focus on these altcoins and take advantage of potential opportunities.

Blockchain security firm PeckShield has estimated that the recent hack on Chinese crypto exchange BingX resulted in losses of over $43 million. This estimate is based on the hacker's movements of stolen funds. The BingX hacker moved an additional $16.5 million worth of crypto seven hours after the initial hack, and currently holds around $5.3 million in ETH, $4.1 million in BNB, and $1.65 million in MATIC. PeckShield's report highlights the growing threat of cyberattacks on crypto exchanges. Exchanges hold large amounts of user funds, making them attractive targets for hackers. It is crucial for exchanges to implement robust security measures to protect their users' assets.

According to Odaily, Aave community member LlamaRisk has initiated a proposal to delist Wrapped Bitcoin (WBTC) from the platform. The proposal includes several key measures aimed at reducing the risks associated with WBTC.

Firstly, the proposal suggests lowering the Loan-to-Value (LTV) ratio for all V3 instances, including Ethereum, Arbitrum, Avalanche, Harmony, Optimism, and Polygon, to zero. This measure is intended to prevent additional borrowing using WBTC as collateral, without affecting the positions of existing users.

Additionally, the proposal recommends reducing the supply and borrowing caps to levels 5-10% higher than the current utilization rates. This step aims to limit the additional risk posed by WBTC while allowing users the flexibility to adjust their positions as needed.

A trading expert, renowned for turning a $12,000 investment into $1.3 million by backing Solana (SOL) and Polygon (POL) in 2021, has identified his next major opportunity: Rexas Finance (RXS). Following the success of Solana’s meteoric rise and Polygon’s 14,000% increase, he now foresees a 75x climb for Rexas Finance, a tokenization platform revolutionizing real-world asset ownership. Investors are taking notice, with the presale already showing strong demand.

Solana and Polygon: The Expert’s Previous Triumphs

The expert’s prediction history includes two notable cryptos: Solana and Polygon. Solana, known for its high transaction speed and innovative proof-of-history mechanism, surged 11,390% in one year. This success was followed by Polygon, which addressed Ethereum’s scalability challenges and rewarded investors with a staggering 14,000% return in 2021. These predictions solidified the trader’s reputation as one with a sharp eye for hidden gems in the crypto market. Now, Rexas Finance has captured his attention, setting the stage for a new wave of interest in real-world asset tokenization.

 Rexas Finance: Revolutionizing Real-World Assets

Rexas Finance is designed to bridge the gap between real-world assets and blockchain, making it possible to tokenize and invest in assets such as real estate and gold. By dividing large assets into smaller, tradable units, Rexas Finance allows for fractional ownership, enabling investors to participate in previously inaccessible markets. For instance, someone in Asia could own a percentage of a commercial property in Europe, earning passive income from their investment. This opens up the possibility of global real estate ownership with just a few clicks, a concept that resonates strongly with modern investors. Additionally, the Rexas Token Builder simplifies the process of tokenizing real-world assets. This tool enables users, regardless of technical expertise, to tokenize anything from real estate to artwork, transforming traditional assets into blockchain-based tokens. For entrepreneurs, Rexas Finance offers a launchpad, providing a platform to raise funds for their tokenized assets, attracting a global investor base. Moreover, the platform offers other utilities that enhance the user experience, such as the Rexas Quickmint Bot for faster token creation, Rexas GenAI for informed investment decisions, and Rexas AI Shield for secure transactions. By eliminating the barriers between traditional markets and the blockchain, Rexas Finance is transforming how investors engage with real-world assets.

Tokenomics and Presale for Rexas Finance

Rexas Finance has structured its tokenomics to ensure long-term growth and stability. The RXS token has a total supply of 1 billion tokens, with 42.5% allocated for the presale, 15% for liquidity, and 22.5% dedicated to staking. Stage one of the presale, priced at $0.03 per token, raised $450,000 in a matter of days, signaling strong demand for the platform’s innovative approach to real-world asset tokenization. Stage two is currently live, with the price increasing by 34% to $0.04 per token. So far, $724,860 has been raised, demonstrating growing investor interest. Interestingly, Rexas Finance opted for a public presale instead of seeking venture capital funding, allowing everyday investors to participate in the early stages of this potentially groundbreaking project. The decision to prioritize public involvement has created a sense of excitement, as more investors seek to get in early before the price climbs further.

 Final Thoughts

The same trading expert who recognized the potential of Solana and Polygon now predicts a 75x rise for Rexas Finance, placing this emerging platform in the spotlight. Rexas Finance is not just another cryptocurrency; it represents a shift in how real-world assets are accessed, owned, and traded. Investors seeking to capitalize on the next big opportunity should pay close attention to Rexas Finance, as it continues to unlock new possibilities in the world of real-world asset tokenization.

For more information about Rexas Finance (RXS) visit the links below:

 Website: https://rexas.com

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

The post Trading Expert Who Turned $12,000 into $1.3M with Solana (SOL) and Polygon (POL) in 2021 Predicts 75x Climb for Viral Rexas Finance (RXS) appeared first on Blockonomi.

POL price nears breakout as whales accumulate, adoption surges, and bullish patterns signal upside.

Colin Butler, Global Head of Institutional Capital at Polygon Labs, suggests that real-world asset tokenization for institutional clients could be a game-changer for cryptocurrencies. This technology offers cost and time savings, making it hard for traditional financial institutions to overlook. Butler highlights the capital efficiencies and business opportunities for financial institutions adopting tokenized assets. The cost reductions open up new business models previously deemed unfeasible due to market competition and narrow margins. Fund managers, for instance, could benefit significantly from reduced costs. Butler emphasizes that financial firms of all sizes stand to gain from the lower costs and faster settlement times associated with tokenized assets like bonds and stablecoins. Despite differing opinions on the market's potential growth, the trend towards tokenizing real-world assets is expected to have a significant impact on digital asset markets. Read more AI-generated news on: https://app.chaingpt.org/news

Fuse, the blockchain for payments, has shared details of its new-look roadmap and launch strategy. The plan will support Fuse’s goal of relaunching as a zkEVM L2 that will allow it to take advantage of emerging technologies including private payments. It’s also revealed plans to revamp its tokenomics and to host a public node sale in Q1 that will see 50,000 nodes made available to the community, each represented as an NFT.

Ember to Spark the Rebirth of Fuse

Fuse Ember is the name given to the three-phase upgrade that Fuse has tabled that will run into 2025. Before that, however, its L2 is set to launch in Q4. Built using the Polygon CDK, it will provide greater scalability and allow developers to create powerful dapps that support new use cases including private payments. Using the Polygon CDK will provide greater interoperability between Fuse Network and other Polygon chains, allowing liquidity to flow freely and reducing friction.

During the first phase of the upgrade, Fuse will migrate to the latest EVM version via the London Hard Fork, allowing for the introduction of new standards and features. In phase two, Fuse’s tokenomics will be upgraded and the maximum staking threshold increased, providing greater stability for network validators. Increasing the staking limit from 5M to 10M will enhance network security and promote greater decentralization. During the final phase of Fuse Ember, the token’s inflationary design will be removed which will provide greater sustainability moving forwards. 

Community Node Sale Set for Early 2025

In early 2025, a community node sale will involve 50,000 node licenses being made available to the public with each one represented as an NFT. This will provide flexibility for node operators, who can delegate their NFTs to other operators if desired, who can earn rewards for validating network transactions.

Prior to the node sale, a host of other upgrades and improvements are tabled for Q4 including the release of new business-oriented products that support cross-chain payments. There’ll also be an expansion of the Fuse ecosystem including the launch of Voltage Finance 2.0, providing greater opportunities for DeFi users. The launch of Charge Web3, meanwhile, will introduce merchant payments on Fuse, and the release of RevShare Staking will allow FUSE token holders to generate additional staking rewards.

These features will be augmented in Q1 2025 when there are plans to roll out new yield-generating products that will include cross-chain opportunities centered around LSTs and RWAs. AggLayer integration, meanwhile, will improve cross-chain bridging within the Polygon ecosystem.

The transition to a zkEVM L2 will position Fuse as a scalable web3 network that can support enterprise solutions for e-commerce, payments, DeFi, RWAs, and much more. The upgrade will also provide greater opportunities for the Fuse community to participate in onchain activities including node operation and staking. This will allow its ecosystem to expand available use cases and position itself as the preeminent L2 for financial applications.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice

Colin Butler, global head of institutional capital at Polygon Labs, believes that tokenizing real-world assets for institutional clients could be a “killer app” for cryptocurrency. This is because tokenization has the potential to dramatically reduce costs and settlement times. Butler has previously stated that tokenizing real-world assets represents a $30 trillion opportunity for investors. He believes that this could be a major driver of adoption for cryptocurrency and blockchain technology. “I think that tokenizing real-world assets is going to be a killer app for crypto,” Butler said. “It's going to open up a whole new world of possibilities for investors.”
Polygon Labs is a leading provider of blockchain scaling solutions. The company's technology is used by a number of major cryptocurrency projects, including Aave, Uniswap, andSushiSwap.

According to BlockBeats, on September 18, during the recently concluded Singapore 2049 DePIN-themed summit 'R3al World,' IoTeX Co-Founder Raullen and Polygon Co-Founder Nailwal jointly announced the launch of a DePIN layer supporting all chains. This DePIN layer will be initiated with the combined support of IoTeX's 2.0 DePIN modular platform and Polygon's blockchain aggregation layer, AggLayer. The collaboration aims to provide better cross-chain communication and liquidity expansion for projects integrated with the DePIN module on IoTeX, allowing users to interact on their chosen chains.

In July this year, IoTeX officially announced its 2.0 DePIN modular strategy. Under this strategy, IoTeX aims to become an open DePIN infrastructure that transcends chain and ecosystem limitations, providing support for all project teams. This collaboration with Polygon is a significant step towards building cross-ecosystem DePIN infrastructure. Raullen stated, 'Our infrastructure will enable any DePIN developer to seamlessly connect with AggLayer, allowing users to interact with DePIN applications across multiple blockchains.' Polygon Co-Founder Nailwal added, 'This integration not only opens up opportunities for deep DePIN development on Polygon but also unleashes unprecedented liquidity and expansion opportunities for DePIN projects through AggLayer. By providing a dedicated platform that seamlessly connects different ecosystems, these projects can thrive in a multi-chain world.'

In a significant move, major crypto exchange Coinbase has announced new crypto listings on its platform. This development comes at a time when market sentiment is notably positive, with several cryptocurrencies posting significant gains on the 24-hour basis.

In a listing announcement, Coinbase announced that Aleo (ALEO) is now live on the Coinbase platform and on the Coinbase iOS and Android apps, with the "Experimental" label, allowing users to buy, sell, convert, send, receive or store the crypto asset.

Trading will begin later today if liquidity conditions are met. Once sufficient supply of this asset is established trading on our ALEO-USD trading pair will launch in phases. Support for ALEO may be restricted in some supported jurisdictions.

— Coinbase Assets 🛡️ (@CoinbaseAssets) September 18, 2024

In a similar announcement, Coinbase will be adding support for Zetachain (ZETACHAIN) on the Zetachain network, with trading set to begin on or after 9:00 a.m. PT on Sept. 19, 2024, if liquidity conditions are met.

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Coinbase International Exchange, Coinbase's overseas platform, has announced support for Polygon and Dogs perpetual futures. These will be listed on both Coinbase International Exchange and Coinbase Advanced.

In the most recent announcement, the Coinbase overseas platform made it known that the POL-PERP and DOGS-PERP markets are now in full-trading mode on Coinbase International Exchange and Coinbase Advanced.

Optimism spikes on market

The timing of Coinbase's listing announcement is particularly significant. The cryptocurrency market is currently seeing renewed optimism, with many digital assets showing strong performance.

Bitcoin reached a three-week high, coupled with a surge in the equities market as a jumbo-sized Federal Reserve interest rate cut rippled through markets.

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At the time of writing, BTC had increased by nearly 6% in the previous 24 hours to $63,133 and was up 9.17% weekly.  

Several cryptocurrencies rose as well, including Ethereum (ETH), Solana (SOL), Cardano (ADA) and Shiba Inu (SHIB), which increased by 5% to 8% per day. Cryptocurrencies, including SUI, TAO, Dogwifhat (WIF), Celestia (TIA), SEI, Avalanche (AVAX), FLOKI, FET and Popcat had increases ranging from 10% to 35%.

The cryptocurrency market is always a hotspot for large-scale movements, especially when “whale” investors make significant plays. Recent data shared by Santiment has highlighted some notable actions by these whales, particularly in Injective (INJ coin), Render (RENDER), and Polygon (MATIC). Whale wallet movements have led to unusual price fluctuations, signaling critical short and long-term opportunities for investors.

Whale Movements Impacting the Market

According to Santiment, whale accounts have been withdrawing large amounts of assets from exchanges and moving them into cold wallets. This trend is most prominent in INJ coin, RENDER, and MATIC tokens. The removal of such large amounts of tokens from exchanges has significantly reduced the available supply in the market. But what impact could this have?

When assets are moved to cold wallets, it typically indicates a long-term holding strategy. In other words, whales are not planning to sell these assets anytime soon. A reduced supply on exchanges often leads to upward pressure on prices if demand remains constant or increases. This is why whale activity in tokens like INJ coin, RENDER, and MATIC should be closely monitored for potential price movements.

Why INJ Coin, RENDER, and MATIC Stand Out

These three altcoins have seen significant whale activity in recent times. Injective (INJ coin) is gaining attention for its innovative solutions in the decentralized finance (DeFi) space, with increasing liquidity and trading volume on the platform. Render (RENDER), on the other hand, is a project focused on providing graphics processing solutions for metaverse and AI-driven projects, making it a high-potential altcoin. Finally, Polygon (MATIC) continues to be a major player in offering scalable, low-cost solutions for Ethereum-based projects.

The Bit Journal has reported that the whale movements in these assets suggest more than just confidence in the underlying technology. It also indicates that the current market conditions present a significant opportunity for both short-term and long-term gains.

What Does the Low Supply Signal?

When whales withdraw assets from exchanges, it can lead to price anomalies. A decrease in supply can cause prices to rise, but these movements can also trigger major price swings. Santiment’s data shows that the anomalies in INJ coin, RENDER, and MATIC offer key insights for investors.

In the short term, these whale actions can cause rapid price spikes. Even a small increase in demand during a period of low supply can push prices up quickly, leading to speculative trading and increased volatility. In the long term, the removal of large amounts of crypto to cold wallets may lead to more stable price growth, as it signals a long-term holding strategy, which is typically viewed positively in the market.

Conclusion: Short-Term Spikes, Long-Term Growth Potential

In conclusion, the recent whale movements in INJ coin, RENDER, and MATIC should not be ignored. While short-term price spikes may provide opportunities for quick gains, the long-term holding signals suggest more sustained growth is possible. As always, investors should keep an eye on these market dynamics for potential opportunities.

INJ, MATIC, and RENDER whales are moving their tokens to cold wallets.

Santiment data shows that the altcoins are bullish in the short and long terms.

While INJ and RENDER have printed significant gains this cycle, MATIC has yet to catch up.

Injective (INJ), Polygon (MATIC), and Render (RENDER) are showing promising signs for both short- and long-term growth, according to blockchain analytics platform, Santiment. The platform observed that whale wallets are moving their holdings of these altcoins from exchange wallets to cold storage, pointing to a bullish outlook. 

Santiment highlighted on X (formerly Twitter) that INJ, MATIC, and RENDER are “among several that saw plenty of price anomalies after whale exchange wallet supply suddenly shifted to whale cold wallet supply.” These price fluctuations, they noted, present “fantastic” opportunities for both short- and long-term traders.

A chart shared by Santiment illustrated this trend. INJ whales initiated a substantial transfer of tokens to cold storage on August 21, 2023, and have continued to do so gradually. Similarly, RENDER whales moved a significant amount of tokens to cold wallets on July 21. On Sep…

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