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POL Price Action: Understanding Polygon’s Journey from $0.30 to $0.60
TLDR
Polygon (POL) reached a four-month high of $0.61, representing a 107% increase since November 5
Daily active addresses and transaction volume have surged, with trading volume up 190% to $736 million
Whales have accumulated over 140 million POL (worth ~$80 million) in recent weeks
Only 15.11% of POL holders are currently profitable, suggesting reduced selling pressure
Analyst Ali Martinez predicts potential 2,500% rally to $15.27 based on technical analysis
Polygon’s native token (POL) has witnessed remarkable growth in recent weeks, climbing to a four-month high of $0.61. The digital asset, which recently rebranded from MATIC to POL, has demonstrated strong upward momentum with a 107% increase since November 5.
The surge in price comes alongside substantial growth in trading activity. Daily transaction volumes have skyrocketed by 190%, jumping from $250 million to $736 million in the past week alone. This uptick in volume suggests increasing market participation and growing interest in the layer-2 scaling solution.
Large-scale investors, commonly known as whales, have shown particular interest in Polygon during this period. On-chain data reveals that these wealthy investors have accumulated more than 140 million POL tokens, equivalent to approximately $80 million, over the past week and a half. This accumulation pattern began accelerating notably after November 5.
The current market dynamics present an interesting scenario for POL holders. Data indicates that only 15.11% of current holders are in profit, suggesting many investors acquired their positions at higher price levels during the previous market cycle. This situation potentially reduces immediate selling pressure, as most holders would need to see higher prices to realize profits.
Polygon Price on CoinGecko
Looking at daily active addresses, Polygon has experienced a marked increase in user activity. This metric, combined with rising transaction volumes, points to growing network usage and adoption. The expansion in these fundamental metrics often precedes sustained price movements in the cryptocurrency market.
Technical analysis of POL’s price action reveals a forming pattern that has caught the attention of market observers. The token has been consolidating within a descending triangle formation since reaching its all-time high of $2.92. Recent price movements suggest a potential breakout from this pattern.
Cryptocurrency analyst Ali Martinez has highlighted several technical factors that could influence POL’s future price movement. According to Martinez, the token recently bounced off a critical support level, while its Moving Average Convergence/Divergence (MACD) indicator approaches a bullish crossover point.
A lot of investors hold $POL from the previous cycle, and nearly all of them are at a loss.
In fact, only 15.11% of #Polygon holders are in the green. This is a positive sign for price action because many won't try to book profits anytime soon.https://t.co/yeOat6r517
— Ali (@ali_charts) November 25, 2024
The price action has established strong support between $0.375 and $0.386, a range that was successfully broken through over a week ago. This breakthrough has opened up the possibility for further upside movement, with relatively few technical resistance levels standing in the way of continued advancement.
The weekly chart for POL shows a clear upward trajectory, with the token recording a 75% increase over the monthly timeframe. This movement has been accompanied by increasing trading volumes, suggesting genuine market interest rather than temporary price manipulation.
On-chain metrics have shown an important spike over the last week, potentially setting the stage for what Martinez describes as “one of the most hated rallies.” This characterization stems from the fact that many investors who bought during the previous cycle are still underwater on their positions.
The recent wave of new investors entering positions suggests growing confidence in POL’s market prospects. This fresh capital injection, combined with whale accumulation, has contributed to the positive price action observed in recent weeks.
Transaction data shows sustained buying pressure, with large-scale purchases becoming more frequent since the beginning of November. This pattern of accumulation often precedes extended price movements in cryptocurrency markets.
Martinez suggests that a weekly close above $0.7973 could trigger a substantial rally. Based on technical analysis, he projects potential price targets of $15.27, representing a 2,500% increase from current levels. In a more optimistic scenario, he suggests the possibility of a 6,200% movement to $36.17.
The token’s recent performance places it among the stronger performers in the cryptocurrency market, with its monthly gains outpacing many other major digital assets. As of the latest market data, POL trades at $0.58, maintaining most of its recent gains despite market fluctuations.
Current trading patterns indicate sustained interest from both retail and institutional investors, with daily volumes remaining elevated compared to historical averages. The combination of increased network activity, whale accumulation, and technical breakouts provides the foundation for the recent price appreciation.
The post POL Price Action: Understanding Polygon’s Journey from $0.30 to $0.60 appeared first on Blockonomi.
Polygon (POL) reached a four-month high of $0.61, representing a 107% increase since November 5
Daily active addresses and transaction volume have surged, with trading volume up 190% to $736 million
Whales have accumulated over 140 million POL (worth ~$80 million) in recent weeks
Only 15.11% of POL holders are currently profitable, suggesting reduced selling pressure
Analyst Ali Martinez predicts potential 2,500% rally to $15.27 based on technical analysis
Polygon’s native token (POL) has witnessed remarkable growth in recent weeks, climbing to a four-month high of $0.61. The digital asset, which recently rebranded from MATIC to POL, has demonstrated strong upward momentum with a 107% increase since November 5.
The surge in price comes alongside substantial growth in trading activity. Daily transaction volumes have skyrocketed by 190%, jumping from $250 million to $736 million in the past week alone. This uptick in volume suggests increasing market participation and growing interest in the layer-2 scaling solution.
Large-scale investors, commonly known as whales, have shown particular interest in Polygon during this period. On-chain data reveals that these wealthy investors have accumulated more than 140 million POL tokens, equivalent to approximately $80 million, over the past week and a half. This accumulation pattern began accelerating notably after November 5.
The current market dynamics present an interesting scenario for POL holders. Data indicates that only 15.11% of current holders are in profit, suggesting many investors acquired their positions at higher price levels during the previous market cycle. This situation potentially reduces immediate selling pressure, as most holders would need to see higher prices to realize profits.
Polygon Price on CoinGecko
Looking at daily active addresses, Polygon has experienced a marked increase in user activity. This metric, combined with rising transaction volumes, points to growing network usage and adoption. The expansion in these fundamental metrics often precedes sustained price movements in the cryptocurrency market.
Technical analysis of POL’s price action reveals a forming pattern that has caught the attention of market observers. The token has been consolidating within a descending triangle formation since reaching its all-time high of $2.92. Recent price movements suggest a potential breakout from this pattern.
Cryptocurrency analyst Ali Martinez has highlighted several technical factors that could influence POL’s future price movement. According to Martinez, the token recently bounced off a critical support level, while its Moving Average Convergence/Divergence (MACD) indicator approaches a bullish crossover point.
A lot of investors hold $POL from the previous cycle, and nearly all of them are at a loss.
In fact, only 15.11% of #Polygon holders are in the green. This is a positive sign for price action because many won't try to book profits anytime soon.https://t.co/yeOat6r517
— Ali (@ali_charts) November 25, 2024
The price action has established strong support between $0.375 and $0.386, a range that was successfully broken through over a week ago. This breakthrough has opened up the possibility for further upside movement, with relatively few technical resistance levels standing in the way of continued advancement.
The weekly chart for POL shows a clear upward trajectory, with the token recording a 75% increase over the monthly timeframe. This movement has been accompanied by increasing trading volumes, suggesting genuine market interest rather than temporary price manipulation.
On-chain metrics have shown an important spike over the last week, potentially setting the stage for what Martinez describes as “one of the most hated rallies.” This characterization stems from the fact that many investors who bought during the previous cycle are still underwater on their positions.
The recent wave of new investors entering positions suggests growing confidence in POL’s market prospects. This fresh capital injection, combined with whale accumulation, has contributed to the positive price action observed in recent weeks.
Transaction data shows sustained buying pressure, with large-scale purchases becoming more frequent since the beginning of November. This pattern of accumulation often precedes extended price movements in cryptocurrency markets.
Martinez suggests that a weekly close above $0.7973 could trigger a substantial rally. Based on technical analysis, he projects potential price targets of $15.27, representing a 2,500% increase from current levels. In a more optimistic scenario, he suggests the possibility of a 6,200% movement to $36.17.
The token’s recent performance places it among the stronger performers in the cryptocurrency market, with its monthly gains outpacing many other major digital assets. As of the latest market data, POL trades at $0.58, maintaining most of its recent gains despite market fluctuations.
Current trading patterns indicate sustained interest from both retail and institutional investors, with daily volumes remaining elevated compared to historical averages. The combination of increased network activity, whale accumulation, and technical breakouts provides the foundation for the recent price appreciation.
The post POL Price Action: Understanding Polygon’s Journey from $0.30 to $0.60 appeared first on Blockonomi.
Polygon: Analyst Sets ‘Wild’ Price Target Amid POL’s 38.2% Weekly Surge
Polygon (POL) hit its four-month high today following its 11% daily surge. The cryptocurrency surpassed the $0.60 mark before retracing, sparking a bullish sentiment among investors and market watchers. As a result, a renowned crypto analyst predicted a massive 2,500% rally for POL in the coming months.
Polygon On-Chain Metrics Turn Bullish
Polygon has seen a remarkable performance over the past three weeks, rising around 107% since the November 5 market pump. POL, previously MATIC, has seen its price move from below the $0.30 mark to a four-month high of $0.61.
This performance has been fueled by several factors, which have propelled the token’s price by nearly 40% in the last seven days and could stage “one of the most hated rallies,” as Ali Martinez shared on X.
The analyst explained that Polygon has been experiencing an “important spike in on-chain metrics” over the last week, which could drive POL’s price to a “wild” price action in the future.
Martinez noted that a lot of investors hold Polygon from the previous cycle, where the project’s token hit its all-time high (ATH) of $2.92. However, most of them record losses since only 15.11% of Polygon holders are in the green.
Per the post, this is a positive sign for POL’s price action, as most of its investors won’t sell for profit at the current price ranges. The analyst added that on-chain data suggests a new wave of investors are positioning themselves for the rally’s second leg.
This was signaled by the recent increase in daily active addresses, transaction volume, and whale activity. POL’s daily trading volume has recorded a 190% increase in the last week, jumping from the $250 million mark to $736 million.
Additionally, whales bought over 140 million POL, now worth around nearly $80 million, in the last week and a half, with large-scale purchases significantly increasing since November 5.
POL To Hit $15 This Cycle?
Martinez suggested that with the whales’ buying spree and the reduced selling pressure, the POL “technicals look very good.” To him, the cryptocurrency is nearing a breakout from a multi-year descending triangle.
The analyst explained that Polygon has been consolidating in a descending triangle formation since hitting its ATH almost three years ago. Nearly a week ago, the token “bounced off the triangle’s x-axis,” and had its Moving average convergence/divergence (MACD) “on the verge of a bullish crossover.”
This suggested that while sentiment remains overall bearish, “bullish signals are piling up,” indicating a potential rally toward a new ATH.
Based on this, Martinez predicted that POL’s breakout could potentially lead to a 2,500% rally in the coming months. A weekly close above $0.7973 could spark a rally to $15.27, he detailed, adding that it could also ignite a 6,200% jump to $36.17.
The analyst added that the most important support wall for POL was between the $0.375 and $0.386 price range, broken over a week ago, with little resistance in the higher levels.
As of this writing, POL is trading at $0.58, a 75% increase in the monthly timeframe.
Source: NewsBTC.com
The post Polygon: Analyst Sets ‘Wild’ Price Target Amid POL’s 38.2% Weekly Surge appeared first on Crypto Breaking News.
Polygon On-Chain Metrics Turn Bullish
Polygon has seen a remarkable performance over the past three weeks, rising around 107% since the November 5 market pump. POL, previously MATIC, has seen its price move from below the $0.30 mark to a four-month high of $0.61.
This performance has been fueled by several factors, which have propelled the token’s price by nearly 40% in the last seven days and could stage “one of the most hated rallies,” as Ali Martinez shared on X.
The analyst explained that Polygon has been experiencing an “important spike in on-chain metrics” over the last week, which could drive POL’s price to a “wild” price action in the future.
Martinez noted that a lot of investors hold Polygon from the previous cycle, where the project’s token hit its all-time high (ATH) of $2.92. However, most of them record losses since only 15.11% of Polygon holders are in the green.
Per the post, this is a positive sign for POL’s price action, as most of its investors won’t sell for profit at the current price ranges. The analyst added that on-chain data suggests a new wave of investors are positioning themselves for the rally’s second leg.
This was signaled by the recent increase in daily active addresses, transaction volume, and whale activity. POL’s daily trading volume has recorded a 190% increase in the last week, jumping from the $250 million mark to $736 million.
Additionally, whales bought over 140 million POL, now worth around nearly $80 million, in the last week and a half, with large-scale purchases significantly increasing since November 5.
POL To Hit $15 This Cycle?
Martinez suggested that with the whales’ buying spree and the reduced selling pressure, the POL “technicals look very good.” To him, the cryptocurrency is nearing a breakout from a multi-year descending triangle.
The analyst explained that Polygon has been consolidating in a descending triangle formation since hitting its ATH almost three years ago. Nearly a week ago, the token “bounced off the triangle’s x-axis,” and had its Moving average convergence/divergence (MACD) “on the verge of a bullish crossover.”
This suggested that while sentiment remains overall bearish, “bullish signals are piling up,” indicating a potential rally toward a new ATH.
Based on this, Martinez predicted that POL’s breakout could potentially lead to a 2,500% rally in the coming months. A weekly close above $0.7973 could spark a rally to $15.27, he detailed, adding that it could also ignite a 6,200% jump to $36.17.
The analyst added that the most important support wall for POL was between the $0.375 and $0.386 price range, broken over a week ago, with little resistance in the higher levels.
As of this writing, POL is trading at $0.58, a 75% increase in the monthly timeframe.
Source: NewsBTC.com
The post Polygon: Analyst Sets ‘Wild’ Price Target Amid POL’s 38.2% Weekly Surge appeared first on Crypto Breaking News.
Polygon: Analyst Sets ‘Wild’ Price Target Amid POL’s 38.2% Weekly Surge
Polygon (POL) hit its four-month high today following its 11% daily surge. The cryptocurrency surpassed the $0.60 mark before retracing, sparking a bullish sentiment among investors and market watchers. As a result, a renowned crypto analyst predicted a massive 2,500% rally for POL in the coming months.
Polygon On-Chain Metrics Turn Bullish
Polygon has seen a remarkable performance over the past three weeks, rising around 107% since the November 5 market pump. POL, previously MATIC, has seen its price move from below the $0.30 mark to a four-month high of $0.61.
This performance has been fueled by several factors, which have propelled the token’s price by nearly 40% in the last seven days and could stage “one of the most hated rallies,” as Ali Martinez shared on X.
The analyst explained that Polygon has been experiencing an “important spike in on-chain metrics” over the last week, which could drive POL’s price to a “wild” price action in the future.
Martinez noted that a lot of investors hold Polygon from the previous cycle, where the project’s token hit its all-time high (ATH) of $2.92. However, most of them record losses since only 15.11% of Polygon holders are in the green.
Per the post, this is a positive sign for POL’s price action, as most of its investors won’t sell for profit at the current price ranges. The analyst added that on-chain data suggests a new wave of investors are positioning themselves for the rally’s second leg.
This was signaled by the recent increase in daily active addresses, transaction volume, and whale activity. POL’s daily trading volume has recorded a 190% increase in the last week, jumping from the $250 million mark to $736 million.
Additionally, whales bought over 140 million POL, now worth around nearly $80 million, in the last week and a half, with large-scale purchases significantly increasing since November 5.
POL To Hit $15 This Cycle?
Martinez suggested that with the whales’ buying spree and the reduced selling pressure, the POL “technicals look very good.” To him, the cryptocurrency is nearing a breakout from a multi-year descending triangle.
The analyst explained that Polygon has been consolidating in a descending triangle formation since hitting its ATH almost three years ago. Nearly a week ago, the token “bounced off the triangle’s x-axis,” and had its Moving average convergence/divergence (MACD) “on the verge of a bullish crossover.”
This suggested that while sentiment remains overall bearish, “bullish signals are piling up,” indicating a potential rally toward a new ATH.
Based on this, Martinez predicted that POL’s breakout could potentially lead to a 2,500% rally in the coming months. A weekly close above $0.7973 could spark a rally to $15.27, he detailed, adding that it could also ignite a 6,200% jump to $36.17.
The analyst added that the most important support wall for POL was between the $0.375 and $0.386 price range, broken over a week ago, with little resistance in the higher levels.
As of this writing, POL is trading at $0.58, a 75% increase in the monthly timeframe.
Source: NewsBTC.com
The post Polygon: Analyst Sets ‘Wild’ Price Target Amid POL’s 38.2% Weekly Surge appeared first on Crypto Breaking News.
Polygon On-Chain Metrics Turn Bullish
Polygon has seen a remarkable performance over the past three weeks, rising around 107% since the November 5 market pump. POL, previously MATIC, has seen its price move from below the $0.30 mark to a four-month high of $0.61.
This performance has been fueled by several factors, which have propelled the token’s price by nearly 40% in the last seven days and could stage “one of the most hated rallies,” as Ali Martinez shared on X.
The analyst explained that Polygon has been experiencing an “important spike in on-chain metrics” over the last week, which could drive POL’s price to a “wild” price action in the future.
Martinez noted that a lot of investors hold Polygon from the previous cycle, where the project’s token hit its all-time high (ATH) of $2.92. However, most of them record losses since only 15.11% of Polygon holders are in the green.
Per the post, this is a positive sign for POL’s price action, as most of its investors won’t sell for profit at the current price ranges. The analyst added that on-chain data suggests a new wave of investors are positioning themselves for the rally’s second leg.
This was signaled by the recent increase in daily active addresses, transaction volume, and whale activity. POL’s daily trading volume has recorded a 190% increase in the last week, jumping from the $250 million mark to $736 million.
Additionally, whales bought over 140 million POL, now worth around nearly $80 million, in the last week and a half, with large-scale purchases significantly increasing since November 5.
POL To Hit $15 This Cycle?
Martinez suggested that with the whales’ buying spree and the reduced selling pressure, the POL “technicals look very good.” To him, the cryptocurrency is nearing a breakout from a multi-year descending triangle.
The analyst explained that Polygon has been consolidating in a descending triangle formation since hitting its ATH almost three years ago. Nearly a week ago, the token “bounced off the triangle’s x-axis,” and had its Moving average convergence/divergence (MACD) “on the verge of a bullish crossover.”
This suggested that while sentiment remains overall bearish, “bullish signals are piling up,” indicating a potential rally toward a new ATH.
Based on this, Martinez predicted that POL’s breakout could potentially lead to a 2,500% rally in the coming months. A weekly close above $0.7973 could spark a rally to $15.27, he detailed, adding that it could also ignite a 6,200% jump to $36.17.
The analyst added that the most important support wall for POL was between the $0.375 and $0.386 price range, broken over a week ago, with little resistance in the higher levels.
As of this writing, POL is trading at $0.58, a 75% increase in the monthly timeframe.
Source: NewsBTC.com
The post Polygon: Analyst Sets ‘Wild’ Price Target Amid POL’s 38.2% Weekly Surge appeared first on Crypto Breaking News.
Top Altcoins to Buy Right Now for 50x Profits This Crypto Bull Run
The post Top Altcoins to Buy Right Now For 50x Profits This Crypto Bull Run appeared first on Coinpedia Fintech News
Recently Kyle Doops, host of Crypto Banter’s Trading Show, has revealed many new altcoins that weren’t part of previous market cycles. While altcoins haven’t yet broken out, he sees strong signs of a potential surge. Kyledoops believes that once key resistance levels are breached, dips could present buying opportunities.
As Bitcoin’s dominance falls at 58%, he expects altcoins to soon take the spotlight, creating the perfect conditions for an explosive altcoin season. Reflecting on past cycles, standout coins like XRP, Litecoin, Solana, and Cardano have delivered massive gains, and Kyledoops expects similar success ahead.
Top 9 Altcoins to Eye in This Cycle
Ton Coin (TON)
Starting with Ton Coin, the analyst said that on the weekly chart, Ton Coin is at the mid-range resistance area, but any buy below this level is considered a discount zone. The expectation is for Ton to rise toward $12 in the short term. Moreover, the best buying should be around $6 considered ideal for long-term gains. Breakout is possible by December or January a bullish month for a price surge.
Casper (CSPR)
Moving on with the list, Casper is finding support at its mid-range level. After outperforming Bitcoin in the 2023 bull run, it could see further gains up to the $0.28–$0.30 range. Buying around $0.14 is recommended for long-term holders. A break above $0.18 would signal continued upside potential.
Sui (SUI)
Being an underdog, Sui is consolidating after hitting the 1.618 FIB extension. A little pause and consolidation are expected before a move towards $6.65. If Bitcoin sees a major dip, Sui may fall to the $2 range, which would be a prime buying opportunity. The long-term outlook is positive, with the possibility of strong growth.
Injective (INJ)
One of the hot coins, Injective is at mid-range levels on its weekly chart. The price needs to reclaim $3 to target a move up to $4.50. Buying within the mid-range zone is a good reaccumulation strategy. Once it breaks above $3, the next target would be $4.50, with a further upside towards $7.20.
Render (RNDR)
Render is showing a strong entry pattern, with a good chart setup for potential growth. Though very new on the list, the coin showcases a favorable price for investment in the coming months.
FET (Fetch.ai)
Fetch.ai is also in a bullish phase after consolidating, it is expected to move higher as the market cycle progresses. Investors should keep an eye on any retracement into support levels for a potential entry, as Fetch.ai might continue to perform well in the next market phase.
XLM (Stellar Lumens)
Though not much hyped, XLM is in a solid position to gain as it is building momentum and showing signs of growth. With ongoing developments in the Stellar network, the outlook is bullish. Buying near the support levels would be ideal, with a target to hold through the upcoming bullish phases.
ADA (Cardano)
With regulations at ease, Cardano has been consolidating its range and might be preparing for a breakout. Its strong fundamentals and development updates suggest a positive outlook. Investors should watch for a break above key resistance levels to confirm the continuation of the upward trend, aiming for long-term gains.
MATIC (Polygon)
Around off-the-list analysts concluded with Polygon showcasing a strong presence in the market, with the potential to capitalize on the growth of decentralized applications and Ethereum’s ecosystem. Look for potential dips in price to buy into Polygon, as the network continues to grow and attract more adoption in the DeFi space.
Out of these 9 hidden gems, what will be your pick in the upcoming altcoin season?
Recently Kyle Doops, host of Crypto Banter’s Trading Show, has revealed many new altcoins that weren’t part of previous market cycles. While altcoins haven’t yet broken out, he sees strong signs of a potential surge. Kyledoops believes that once key resistance levels are breached, dips could present buying opportunities.
As Bitcoin’s dominance falls at 58%, he expects altcoins to soon take the spotlight, creating the perfect conditions for an explosive altcoin season. Reflecting on past cycles, standout coins like XRP, Litecoin, Solana, and Cardano have delivered massive gains, and Kyledoops expects similar success ahead.
Top 9 Altcoins to Eye in This Cycle
Ton Coin (TON)
Starting with Ton Coin, the analyst said that on the weekly chart, Ton Coin is at the mid-range resistance area, but any buy below this level is considered a discount zone. The expectation is for Ton to rise toward $12 in the short term. Moreover, the best buying should be around $6 considered ideal for long-term gains. Breakout is possible by December or January a bullish month for a price surge.
Casper (CSPR)
Moving on with the list, Casper is finding support at its mid-range level. After outperforming Bitcoin in the 2023 bull run, it could see further gains up to the $0.28–$0.30 range. Buying around $0.14 is recommended for long-term holders. A break above $0.18 would signal continued upside potential.
Sui (SUI)
Being an underdog, Sui is consolidating after hitting the 1.618 FIB extension. A little pause and consolidation are expected before a move towards $6.65. If Bitcoin sees a major dip, Sui may fall to the $2 range, which would be a prime buying opportunity. The long-term outlook is positive, with the possibility of strong growth.
Injective (INJ)
One of the hot coins, Injective is at mid-range levels on its weekly chart. The price needs to reclaim $3 to target a move up to $4.50. Buying within the mid-range zone is a good reaccumulation strategy. Once it breaks above $3, the next target would be $4.50, with a further upside towards $7.20.
Render (RNDR)
Render is showing a strong entry pattern, with a good chart setup for potential growth. Though very new on the list, the coin showcases a favorable price for investment in the coming months.
FET (Fetch.ai)
Fetch.ai is also in a bullish phase after consolidating, it is expected to move higher as the market cycle progresses. Investors should keep an eye on any retracement into support levels for a potential entry, as Fetch.ai might continue to perform well in the next market phase.
XLM (Stellar Lumens)
Though not much hyped, XLM is in a solid position to gain as it is building momentum and showing signs of growth. With ongoing developments in the Stellar network, the outlook is bullish. Buying near the support levels would be ideal, with a target to hold through the upcoming bullish phases.
ADA (Cardano)
With regulations at ease, Cardano has been consolidating its range and might be preparing for a breakout. Its strong fundamentals and development updates suggest a positive outlook. Investors should watch for a break above key resistance levels to confirm the continuation of the upward trend, aiming for long-term gains.
MATIC (Polygon)
Around off-the-list analysts concluded with Polygon showcasing a strong presence in the market, with the potential to capitalize on the growth of decentralized applications and Ethereum’s ecosystem. Look for potential dips in price to buy into Polygon, as the network continues to grow and attract more adoption in the DeFi space.
Out of these 9 hidden gems, what will be your pick in the upcoming altcoin season?
Denis:
FET да способен на рекорд.
Best Altcoins Poised for Massive ROI Growth By 2025
Solana's proof-of-history offers ultra-fast, low-cost transactions, fueling its DeFi expansion and appeal to day traders globally.
Polygon's scalability solutions drive growth in DeFi and NFT projects, boosting MATIC's demand amid increasing blockchain adoption.
Avalanche's multi-chain architecture ensures scalability and Ethereum interoperability, processing 6,500+ transactions per second for DeFi apps.
The altcoins market is active, and these five coins can bring you considerable profit according to analysts’ opinions. Starting with the speed of Solana’s transactions, to Avalanche’s multi-chain scaling solutions, these projects are changing DeFi and NFTs. Their developments, and increasing integration, could revolutionize your approach to investing in 2025.
Solana(SOL): The Speed King Powering DeFi and Day Trading
Current price:$248.53
Market cap:$117B
Solana is also attracting traders globally because of its relatively recent development of decentralized finance (DeFi) expansion. The specific proof-of-history algorithm provides fast operations with low commissions, which is ideal for day trading. An active and growing ecosystem of Solana, coupled with its adoption prospects, makes it a good candidate for speculative crypto investors who wish to turn a quick profit.
Polygon(MATIC): Revolutionizing Scalability in DeFi and NFTs
Current price: $0.5826
Market cap: $1.36B
Polygon(MATIC) responds to a very pressing issue in the blockchain space: scalability. With its technology, users can interact with several blockchains without interference in a fast and cost-effective manner. However with many projects, particularly in DeFi and NFT, because of the already-established environment that facilitates quick development.
Chainlink(LINK) Bridge Smart Contracts with Real-World Data
Current price:$18.47
Market cap:$11.98B
Chainlink offers a unique advantage standard in the crypto market: the ability to have smart contracts use data from outside systems. These improvements are quite useful for smart contracts' functioning; therefore, Chainlink is in great demand on the market. Its alliance with many blockchain-enabled initiatives increases its worth, which makes it a good option for traders looking for value.
Avalanche(AVAX): A Multi-Chain Powerhouse for Scalability and Interoperability
Current price: $44.03
Market cap:$17.99B
Avalanche's multi-chain approach addresses scalability without sacrificing decentralization. Its three distinct chains—Exchange (X-Chain), Contract (C-Chain), and Platform (P-Chain)—handle specific tasks, optimizing throughput. This architecture supports Ethereum interoperability, enabling decentralized apps and smart contracts to process over 6,500 transactions per second, making it attractive for decentralized finance (DeFi) and apps. The emphasis on the interoperability factor guarantees continuous market and ecosystem demand.
Arbitrum(ARB): The Future of Ethereum Scale and Decentralized Innovation
Current price:$0.894
Market cap: $3.66B
Arbitrum(ARB) is undoubtedly offering Layer 2 Scaling solutions to Ethereum networks, which help to burst the limits of the network by executing a greater number of plots enabled off the blockchain. Arbitrum takes care of the limitation of security by rolling ups for fast transactions at low cost. The ever-expanding market of the DeFi and Dapps on Arbitrum shows the demand for ARB governance tokens. Considering these, this implies that even in the longer future, growth will be steady since Ethereum will always act as the main distributor of decentralized applications.
The post Best Altcoins Poised for Massive ROI Growth by 2025 appeared first on Crypto News Land.
Polygon's scalability solutions drive growth in DeFi and NFT projects, boosting MATIC's demand amid increasing blockchain adoption.
Avalanche's multi-chain architecture ensures scalability and Ethereum interoperability, processing 6,500+ transactions per second for DeFi apps.
The altcoins market is active, and these five coins can bring you considerable profit according to analysts’ opinions. Starting with the speed of Solana’s transactions, to Avalanche’s multi-chain scaling solutions, these projects are changing DeFi and NFTs. Their developments, and increasing integration, could revolutionize your approach to investing in 2025.
Solana(SOL): The Speed King Powering DeFi and Day Trading
Current price:$248.53
Market cap:$117B
Solana is also attracting traders globally because of its relatively recent development of decentralized finance (DeFi) expansion. The specific proof-of-history algorithm provides fast operations with low commissions, which is ideal for day trading. An active and growing ecosystem of Solana, coupled with its adoption prospects, makes it a good candidate for speculative crypto investors who wish to turn a quick profit.
Polygon(MATIC): Revolutionizing Scalability in DeFi and NFTs
Current price: $0.5826
Market cap: $1.36B
Polygon(MATIC) responds to a very pressing issue in the blockchain space: scalability. With its technology, users can interact with several blockchains without interference in a fast and cost-effective manner. However with many projects, particularly in DeFi and NFT, because of the already-established environment that facilitates quick development.
Chainlink(LINK) Bridge Smart Contracts with Real-World Data
Current price:$18.47
Market cap:$11.98B
Chainlink offers a unique advantage standard in the crypto market: the ability to have smart contracts use data from outside systems. These improvements are quite useful for smart contracts' functioning; therefore, Chainlink is in great demand on the market. Its alliance with many blockchain-enabled initiatives increases its worth, which makes it a good option for traders looking for value.
Avalanche(AVAX): A Multi-Chain Powerhouse for Scalability and Interoperability
Current price: $44.03
Market cap:$17.99B
Avalanche's multi-chain approach addresses scalability without sacrificing decentralization. Its three distinct chains—Exchange (X-Chain), Contract (C-Chain), and Platform (P-Chain)—handle specific tasks, optimizing throughput. This architecture supports Ethereum interoperability, enabling decentralized apps and smart contracts to process over 6,500 transactions per second, making it attractive for decentralized finance (DeFi) and apps. The emphasis on the interoperability factor guarantees continuous market and ecosystem demand.
Arbitrum(ARB): The Future of Ethereum Scale and Decentralized Innovation
Current price:$0.894
Market cap: $3.66B
Arbitrum(ARB) is undoubtedly offering Layer 2 Scaling solutions to Ethereum networks, which help to burst the limits of the network by executing a greater number of plots enabled off the blockchain. Arbitrum takes care of the limitation of security by rolling ups for fast transactions at low cost. The ever-expanding market of the DeFi and Dapps on Arbitrum shows the demand for ARB governance tokens. Considering these, this implies that even in the longer future, growth will be steady since Ethereum will always act as the main distributor of decentralized applications.
The post Best Altcoins Poised for Massive ROI Growth by 2025 appeared first on Crypto News Land.
Elite Analyst Makes a Shocking Polygon (POL) Price Prediction
Ali Martinez likes to dive in into details when it comes to popular coins and make viral and shocking price predictions. His most latest one is about Polygon (POL).
The crypto landscape for Polygon tells a compelling story of potential. Currently, 81.60% of POL holders are ‘out of the money’, with only 15.11% in profit. This unusual scenario could actually signal an impending disbelief rally. On-chain metrics are showing promising signs – daily active addresses, transaction volume, and whale activity are all on the rise. Notably, whales have been particularly aggressive, recently purchasing over 140 million POL tokens.
Digging into the numbers reveals some fascinating insights. Whales have been quietly but aggressively accumulating, scooping up over 140 million POL tokens. The on-chain metrics are showing signs of life too – more active addresses, increased transaction volume, and notable whale activity are painting an intriguing picture.
Martinez’s technical analysis suggests Polygon is consolidating in a multi-year descending triangle. The MACD indicator is showing intriguing signals, with potential crossover points suggesting a possible trend reversal. The multi-year descending triangle pattern is particularly significant, with the converging trendlines creating a compression zone that could lead to a breakout.
Polygon (POL) Price Forecast
The critical breakthrough point is a weekly close above $0.7973, which could potentially trigger a significant Polygon price movement targeting ranges between $15.27 and $36.17. However, traders should remain cautious of the key support zone between $0.375 and $0.386, which could be a crucial determining factor for future price action.
But here’s where smart investing comes in. Every seasoned trader knows the importance of risk management. For POL, the critical support zone sits between $0.375 and $0.386. Dropping below this could be a serious warning sign for investors.
Read also: Break Out from This Key Level Could Kickstart 16x Rally for Stellar (XLM) Price: Top Analyst
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
The post Elite Analyst Makes a Shocking Polygon (POL) Price Prediction appeared first on CaptainAltcoin.
The crypto landscape for Polygon tells a compelling story of potential. Currently, 81.60% of POL holders are ‘out of the money’, with only 15.11% in profit. This unusual scenario could actually signal an impending disbelief rally. On-chain metrics are showing promising signs – daily active addresses, transaction volume, and whale activity are all on the rise. Notably, whales have been particularly aggressive, recently purchasing over 140 million POL tokens.
Digging into the numbers reveals some fascinating insights. Whales have been quietly but aggressively accumulating, scooping up over 140 million POL tokens. The on-chain metrics are showing signs of life too – more active addresses, increased transaction volume, and notable whale activity are painting an intriguing picture.
Martinez’s technical analysis suggests Polygon is consolidating in a multi-year descending triangle. The MACD indicator is showing intriguing signals, with potential crossover points suggesting a possible trend reversal. The multi-year descending triangle pattern is particularly significant, with the converging trendlines creating a compression zone that could lead to a breakout.
Polygon (POL) Price Forecast
The critical breakthrough point is a weekly close above $0.7973, which could potentially trigger a significant Polygon price movement targeting ranges between $15.27 and $36.17. However, traders should remain cautious of the key support zone between $0.375 and $0.386, which could be a crucial determining factor for future price action.
But here’s where smart investing comes in. Every seasoned trader knows the importance of risk management. For POL, the critical support zone sits between $0.375 and $0.386. Dropping below this could be a serious warning sign for investors.
Read also: Break Out from This Key Level Could Kickstart 16x Rally for Stellar (XLM) Price: Top Analyst
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
The post Elite Analyst Makes a Shocking Polygon (POL) Price Prediction appeared first on CaptainAltcoin.
Polygon Surges 26%, Ready for Breakout As Analyst Predicts Bullish Rally
Polygon is showing signs of recovery as the token surged around 26% over the past 7 days. Despite the positive momentum, only 15.11% of holders are in profit. This shows that most long-term investors remain at a loss. At the time of writing, the cryptocurrency is trading at around $0.56 and has an impressive market cap of $4.5 billion.
While most investors are unlikely to exit at a loss after a previous bull run, the situation is setting the stage for the token’s potential breakout. According to the crypto analyst, 81.6% of Polygon holders are “out of money”, which reflects a high level of skepticism. Historically, such conditions spark a “disbelief rally”, where assets rebound sharply once sentiment shifts.
This could help the cryptocurrency to cross the $1 mark. On-chain data indicates a similar situation where the count of active addresses, transaction volume, and whale activity has increased. Additionally, whales are also playing a crucial role in uplifting the cryptocurrency. Recently, whales purchased over 140 million POL tokens.
This massive purchase shows a growing confidence in its long-term prospects. Generally, the surge in whale accumulation signals a bottoming phase, as they often buy during market dips, anticipating future gains. As there is no major selling pressure and whales buying, the technicals look very good.
I believe that #Polygon $POL consolidates in a multi-year descending triangle, and a weekly close above $0.7973 could trigger a rally to $15.27 or $36.17! Technically speaking, the cryptocurrency could face a consolidation pattern within a multi-year descending triangle pattern. A weekly close above $0.79 could trigger a rally, potentially reaching $15.27 or even $36.17.
However, support levels are crucial. The $0.37 – $0.39 zone is a key demand area. If the cryptocurrency falls below this level, it could invalidate the bullish outlook. It could make the same demand area an essential stop-loss point for traders.
Source
<p>The post Polygon Surges 26%, Ready for Breakout as Analyst Predicts Bullish Rally first appeared on CoinBuzzFeed.</p>
While most investors are unlikely to exit at a loss after a previous bull run, the situation is setting the stage for the token’s potential breakout. According to the crypto analyst, 81.6% of Polygon holders are “out of money”, which reflects a high level of skepticism. Historically, such conditions spark a “disbelief rally”, where assets rebound sharply once sentiment shifts.
This could help the cryptocurrency to cross the $1 mark. On-chain data indicates a similar situation where the count of active addresses, transaction volume, and whale activity has increased. Additionally, whales are also playing a crucial role in uplifting the cryptocurrency. Recently, whales purchased over 140 million POL tokens.
This massive purchase shows a growing confidence in its long-term prospects. Generally, the surge in whale accumulation signals a bottoming phase, as they often buy during market dips, anticipating future gains. As there is no major selling pressure and whales buying, the technicals look very good.
I believe that #Polygon $POL consolidates in a multi-year descending triangle, and a weekly close above $0.7973 could trigger a rally to $15.27 or $36.17! Technically speaking, the cryptocurrency could face a consolidation pattern within a multi-year descending triangle pattern. A weekly close above $0.79 could trigger a rally, potentially reaching $15.27 or even $36.17.
However, support levels are crucial. The $0.37 – $0.39 zone is a key demand area. If the cryptocurrency falls below this level, it could invalidate the bullish outlook. It could make the same demand area an essential stop-loss point for traders.
Source
<p>The post Polygon Surges 26%, Ready for Breakout as Analyst Predicts Bullish Rally first appeared on CoinBuzzFeed.</p>
Raelene Naone uvAZ:
arb tốt hơn pol
Cybro exceeds $5 million in presale, Polygon and Toncoin backtrack with less than 15 percent growth.
SPONSORED POST*
Cybro’s presale has surged past $5 million, capturing significant attention in the crypto market. Meanwhile, established tokens like Polygon and Toncoin are experiencing gains of less than 15%, falling short in comparison. What is propelling Cybro’s impressive momentum, and why are these well-known cryptocurrencies lagging? This development raises intriguing questions about shifting dynamics in the digital asset space.
CYBRO Presale Achieves $4 Million Milestone: A Unique Multichain DeFi Solution
CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $4 million. This multichain cutting-edge platform offers investors unparalleled opportunities to maximize their earnings across various blockchains in any market condition.
Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.04 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest. In an exciting development, CYBRO has also launched a referral program, offering 12% from direct referees’ token purchases, 3% from second-level referees, and 2% from third-level referees. Rewards are sent weekly in USDT, and referees earn double CYBRO Points on their first deposit using the referral code.
In addition to tokens, CYBRO introduces exclusive Points, providing even greater benefits for investors. These Points grant automatic entry into the CYBRO Airdrop, where the number of tokens you receive is proportional to the Points you hold. Up to 1 million Points are distributed weekly, earned by investing in CYBRO’s DeFi Vaults.
Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.
With only 21% of the total tokens available for this presale and approximately 100 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that’s truly one in a million.
>>>Join CYBRO and aim for future returns up to 1200%<<<
Introducing Polygon’s POL: A Vital Utility Token in the Ecosystem
Polygon’s POL token is a utility asset within the Polygon network, playing a vital role in its extensive ecosystem. It enables operations and services across the platform. By staking POL, holders participate in network consensus, helping secure the network and earning rewards proportionate to their stake. POL also empowers holders in governance, allowing them to vote on proposals that shape the network’s development. Access to exclusive services is another key feature, granting holders unique opportunities within the ecosystem. With its wide range of use cases and the growth of the Polygon network, POL stands as an integral component of this expanding ecosystem.
Toncoin Gains Momentum in The Open Network’s Expanding Ecosystem
Toncoin (TON) is the native cryptocurrency of The Open Network, a decentralized and open-source layer-1 blockchain. Originally developed by Telegram, it is now supported by the TON Foundation and community enthusiasts. Toncoin uses proof-of-stake consensus to enhance scalability and reliability. It aims to provide fast, secure payments with minimal fees and to develop a comprehensive ecosystem featuring decentralized storage, services, DNS, anonymous networking, and efficient payment processing. With its robust technology and active community, Toncoin is gaining attention in the blockchain world.
Conclusion
While coins like POL and TON show limited potential in the short term, CYBRO emerges as a standout in the crypto space. As a technologically advanced DeFi platform, CYBRO offers investors unmatched opportunities to boost their earnings through AI-powered yield aggregation on the Blast blockchain. With features such as attractive staking rewards, exclusive airdrops, and cashback on purchases, CYBRO provides a superior user experience with easy deposits and withdrawals. Focusing on transparency, compliance, and quality, CYBRO distinguishes itself as a promising project, attracting strong interest from crypto whales and influencers.
Site: https://cybro.io
Twitter: https://twitter.com/Cybro_io
Discord: https://discord.gg/xFMGDQPhrB
Telegram: https://t.me/cybro_io
*This article was paid for. Cryptonomist did not write the article or test the platform.
Cybro’s presale has surged past $5 million, capturing significant attention in the crypto market. Meanwhile, established tokens like Polygon and Toncoin are experiencing gains of less than 15%, falling short in comparison. What is propelling Cybro’s impressive momentum, and why are these well-known cryptocurrencies lagging? This development raises intriguing questions about shifting dynamics in the digital asset space.
CYBRO Presale Achieves $4 Million Milestone: A Unique Multichain DeFi Solution
CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $4 million. This multichain cutting-edge platform offers investors unparalleled opportunities to maximize their earnings across various blockchains in any market condition.
Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.04 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest. In an exciting development, CYBRO has also launched a referral program, offering 12% from direct referees’ token purchases, 3% from second-level referees, and 2% from third-level referees. Rewards are sent weekly in USDT, and referees earn double CYBRO Points on their first deposit using the referral code.
In addition to tokens, CYBRO introduces exclusive Points, providing even greater benefits for investors. These Points grant automatic entry into the CYBRO Airdrop, where the number of tokens you receive is proportional to the Points you hold. Up to 1 million Points are distributed weekly, earned by investing in CYBRO’s DeFi Vaults.
Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.
With only 21% of the total tokens available for this presale and approximately 100 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that’s truly one in a million.
>>>Join CYBRO and aim for future returns up to 1200%<<<
Introducing Polygon’s POL: A Vital Utility Token in the Ecosystem
Polygon’s POL token is a utility asset within the Polygon network, playing a vital role in its extensive ecosystem. It enables operations and services across the platform. By staking POL, holders participate in network consensus, helping secure the network and earning rewards proportionate to their stake. POL also empowers holders in governance, allowing them to vote on proposals that shape the network’s development. Access to exclusive services is another key feature, granting holders unique opportunities within the ecosystem. With its wide range of use cases and the growth of the Polygon network, POL stands as an integral component of this expanding ecosystem.
Toncoin Gains Momentum in The Open Network’s Expanding Ecosystem
Toncoin (TON) is the native cryptocurrency of The Open Network, a decentralized and open-source layer-1 blockchain. Originally developed by Telegram, it is now supported by the TON Foundation and community enthusiasts. Toncoin uses proof-of-stake consensus to enhance scalability and reliability. It aims to provide fast, secure payments with minimal fees and to develop a comprehensive ecosystem featuring decentralized storage, services, DNS, anonymous networking, and efficient payment processing. With its robust technology and active community, Toncoin is gaining attention in the blockchain world.
Conclusion
While coins like POL and TON show limited potential in the short term, CYBRO emerges as a standout in the crypto space. As a technologically advanced DeFi platform, CYBRO offers investors unmatched opportunities to boost their earnings through AI-powered yield aggregation on the Blast blockchain. With features such as attractive staking rewards, exclusive airdrops, and cashback on purchases, CYBRO provides a superior user experience with easy deposits and withdrawals. Focusing on transparency, compliance, and quality, CYBRO distinguishes itself as a promising project, attracting strong interest from crypto whales and influencers.
Site: https://cybro.io
Twitter: https://twitter.com/Cybro_io
Discord: https://discord.gg/xFMGDQPhrB
Telegram: https://t.me/cybro_io
*This article was paid for. Cryptonomist did not write the article or test the platform.
Altcoin Season Ready to Lead in 2025: the Best Altcoins to Buy Now
Cardano revolutionizes industries with its sustainable blockchain, offering adaptability for sectors like agriculture and retail through smart contracts.
Dogecoin proves resilient, driven by celebrity support and rising network usage, achieving a 73.67% price increase over the past year.
Polygon scales Ethereum effectively, reducing costs and enhancing blockchain scalability, making it a vital tool for developers.
As the crypto market evolves, top altcoins are positioning themselves for a breakthrough in 2025. From Cardano's low-cost blockchain innovation to Dogecoin's unwavering popularity, these cryptocurrencies showcase transformative potential. Meanwhile, Polygon addresses Ethereum's scaling challenges, Kaspa tackles the blockchain trilemma, and Stellar revolutionizes cross-border payments. Dive into how these altcoins are shaping the future of decentralized finance and beyond.
Cardano(ADA): A Low-Cost Blockchain Revolutionizing Multiple Industries
Current price: $0.9999
Market cap:$35.82B
Cardano offers a sustainable and low-cost proof-of-stake blockchain platform. It is more of an infrastructure that enables applications on top of decentralized platforms. It is renowned for the Alonzo hard fork in 2021, which delivered smart contracts. Applications on Cardano now span multiple sectors, including agriculture, credential verification, and retail, demonstrating Cardano’s adaptability and appeal to developers.
Dogecoin (DOGE): Retains Popularity
Current price:$0.4144
Market cap: $60.90B
Initially a meme token, Dogecoin still sees very volatile yet rewarding activity. Although criticized for utility and a centralized holder base, DOGE network usage has been growing recently. This has been further helped by support from celebrities like Elon Musk. For now, on August 26, 2024, Dogecoin changes hands at $0.1093, as the market cap rests at $15.94 billion. The cryptocurrency is up by 73.67% in the last year, proving resilient.
Polygon(Matic): Brings Calmness Against Ethereum's Scaling Problem
Current price: $0.5794
Market cap:$1.35B
Polygon has carved a function in the market as one of the large layer-2 scaling solutions for the Ethereum blockchain. For now, it is working toward reducing the cost of transactions and helping the Ethereum blockchains with their scalability factor. Trading at $0.5206, Polygon has a market financed of $5.18 billion and stands among the top 25 cryptocurrencies. Besides giving developers all they need to extend blockchains, the cryptocurrency provides a powerful chain on top of which the developers can further build scalable blockchain networks.
Kaspa(KAS): Aims to Overcome Challenges of Blockchain
Current price:$0.1516
Market cap:$3.82B
Kaspa is implementing the GHOSTDAG protocol to enhance transaction speed and security. Market capitalization stands at $4.15 billion. It is another blockchain that's battling the so-called blockchain trilemma: how to balance security, scalability, and speed. Recent developments highlight its ambitious plans for integrating the ASIC miners and releasing the Kaspium mobile wallet that will put Kaspa in the league as the cryptocurrency to watch in the next few years.
Stellar(XML): This is the cryptocurrency-transforming money transfer
Current price: $0.5248
Market cap:$15.76B
Stellar is a decentralized, public blockchain made for low fees and speedier money transfers. Its network enables peer-to-peer transactions; thus, many consider Stellar an excellent platform for cross-border payments. The new features Stellar developed recently further strengthened its standing in the crypto space, including Soroban and Stellar Aid Assist. With its market cap at $2.94 billion, Stellar's focus on security and usability is the reason it's
The post Altcoin Season Ready to Lead in 2025: The Best Altcoins to Buy Now appeared first on Crypto News Land.
Dogecoin proves resilient, driven by celebrity support and rising network usage, achieving a 73.67% price increase over the past year.
Polygon scales Ethereum effectively, reducing costs and enhancing blockchain scalability, making it a vital tool for developers.
As the crypto market evolves, top altcoins are positioning themselves for a breakthrough in 2025. From Cardano's low-cost blockchain innovation to Dogecoin's unwavering popularity, these cryptocurrencies showcase transformative potential. Meanwhile, Polygon addresses Ethereum's scaling challenges, Kaspa tackles the blockchain trilemma, and Stellar revolutionizes cross-border payments. Dive into how these altcoins are shaping the future of decentralized finance and beyond.
Cardano(ADA): A Low-Cost Blockchain Revolutionizing Multiple Industries
Current price: $0.9999
Market cap:$35.82B
Cardano offers a sustainable and low-cost proof-of-stake blockchain platform. It is more of an infrastructure that enables applications on top of decentralized platforms. It is renowned for the Alonzo hard fork in 2021, which delivered smart contracts. Applications on Cardano now span multiple sectors, including agriculture, credential verification, and retail, demonstrating Cardano’s adaptability and appeal to developers.
Dogecoin (DOGE): Retains Popularity
Current price:$0.4144
Market cap: $60.90B
Initially a meme token, Dogecoin still sees very volatile yet rewarding activity. Although criticized for utility and a centralized holder base, DOGE network usage has been growing recently. This has been further helped by support from celebrities like Elon Musk. For now, on August 26, 2024, Dogecoin changes hands at $0.1093, as the market cap rests at $15.94 billion. The cryptocurrency is up by 73.67% in the last year, proving resilient.
Polygon(Matic): Brings Calmness Against Ethereum's Scaling Problem
Current price: $0.5794
Market cap:$1.35B
Polygon has carved a function in the market as one of the large layer-2 scaling solutions for the Ethereum blockchain. For now, it is working toward reducing the cost of transactions and helping the Ethereum blockchains with their scalability factor. Trading at $0.5206, Polygon has a market financed of $5.18 billion and stands among the top 25 cryptocurrencies. Besides giving developers all they need to extend blockchains, the cryptocurrency provides a powerful chain on top of which the developers can further build scalable blockchain networks.
Kaspa(KAS): Aims to Overcome Challenges of Blockchain
Current price:$0.1516
Market cap:$3.82B
Kaspa is implementing the GHOSTDAG protocol to enhance transaction speed and security. Market capitalization stands at $4.15 billion. It is another blockchain that's battling the so-called blockchain trilemma: how to balance security, scalability, and speed. Recent developments highlight its ambitious plans for integrating the ASIC miners and releasing the Kaspium mobile wallet that will put Kaspa in the league as the cryptocurrency to watch in the next few years.
Stellar(XML): This is the cryptocurrency-transforming money transfer
Current price: $0.5248
Market cap:$15.76B
Stellar is a decentralized, public blockchain made for low fees and speedier money transfers. Its network enables peer-to-peer transactions; thus, many consider Stellar an excellent platform for cross-border payments. The new features Stellar developed recently further strengthened its standing in the crypto space, including Soroban and Stellar Aid Assist. With its market cap at $2.94 billion, Stellar's focus on security and usability is the reason it's
The post Altcoin Season Ready to Lead in 2025: The Best Altcoins to Buy Now appeared first on Crypto News Land.
Top 4 Cryptos Backed By Experts for 2024 | Analyst Predictions for Massive Gains
As the cryptocurrency market matures, several standout projects emerge as leaders in blockchain innovation and investment potential. Among the top cryptos backed by experts for 2024 are Qubetics, Cosmos, Polygon, and Algorand. These projects are revolutionising privacy, scalability, interoperability, and sustainability in the blockchain ecosystem, making them compelling choices for long-term investment.
1. Qubetics: Transforming Privacy and Decentralization with dVPN
Qubetics is pushing the boundaries of blockchain innovation, focusing on privacy, decentralisation, and Web3 infrastructure. One of its standout features is the integration of a decentralised VPN (dVPN) into its ecosystem, a solution designed to enhance users’ security and privacy.
How Qubetics dVPN Strengthens the Ecosystem
The dVPN service within the Qubetics ecosystem is a game-changer, offering:
Enhanced Privacy: Protects users’ online activities from surveillance and tracking.
Decentralised Model: Operates on a peer-to-peer network, ensuring no single entity controls user traffic.
Foundation for Other Services: Serves as a building block for decentralised applications like DeFi, NFTs, and storage.
By ensuring secure and private connections, the dVPN promotes the principles of autonomy and decentralisation, making Qubetics a leader in Web3 innovation.
Investment Opportunity
Qubetics is in Presale Phase 9, with the $TICS token priced at $0.023. With over $2.9 million raised and 215 million tokens sold, the next phase brings a 10% price increase.
For instance, a $1,000 investment today secures 43,478 $TICS tokens. If the token reaches $10, this investment grows to $434,000, offering a 43,000% ROI. If the price climbs to $15, the value jumps to $652,000, delivering a 65,000% ROI.
With its transformative solutions and high ROI potential, Qubetics is undoubtedly one of the top cryptos backed by experts for 2024.
2. Cosmos: Building the Internet of Blockchains
Cosmos is a pioneering blockchain project focusing on interoperability, enabling seamless communication and data sharing between blockchains. Its Inter-Blockchain Communication (IBC) protocol allows for creating an interconnected blockchain ecosystem, often called the Internet of Blockchains.
Cosmos provides developers the tools to build custom blockchains while maintaining scalability and security. Its modular architecture and energy-efficient consensus mechanism make it an attractive platform for developers and enterprises. With its rapidly growing ecosystem and focus on interoperability, Cosmos is set to play a crucial role in the future of the blockchain industry.
3. Polygon: Scaling Ethereum to New Heights
Polygon has established itself as the leading Layer 2 solution for Ethereum, addressing its scalability and high transaction fee issues. Polygon supports various applications, including DeFi, NFTs, and gaming by enabling faster and cheaper transactions.
Polygon’s compatibility with Ethereum ensures developers can seamlessly migrate their applications to its platform without sacrificing Ethereum’s robust ecosystem. Its focus on reducing energy consumption and enhancing transaction speeds positions it as a key player in the blockchain space.
As Ethereum’s adoption continues to grow, Polygon’s role in scaling the network ensures it remains a top investment for the future.
4. Algorand: Sustainability and Enterprise-Grade Blockchain
Algorand is a blockchain platform designed for scalability, security, and sustainability. Its Pure Proof-of-Stake (PPoS) consensus mechanism ensures high transaction throughput with minimal environmental impact, making it one of the most eco-friendly blockchains.
Algorand has gained traction in various industries, including DeFi, gaming, and government applications. Its partnerships with financial institutions and enterprises highlight its potential to drive mainstream blockchain adoption. With its focus on sustainability and real-world use cases, Algorand is well-positioned for long-term growth and adoption.
Conclusion
For investors seeking the top cryptos backed by experts for 2024, these four projects offer unparalleled potential for growth and innovation. Qubetics, with its dVPN and exceptional ROI opportunity, stands out as a leader in privacy and decentralisation. Meanwhile, Cosmos, Polygon, and Algorand continue to push the boundaries of scalability, interoperability, and sustainability.
By investing in these projects today, you position yourself for significant returns while supporting the future of blockchain technology. Don’t miss out on these transformative opportunities!
For More Information:
Qubetics: https://qubetics.com
Telegram: https://t.me/qubetics
Twitter: https://x.com/qubetics
1. Qubetics: Transforming Privacy and Decentralization with dVPN
Qubetics is pushing the boundaries of blockchain innovation, focusing on privacy, decentralisation, and Web3 infrastructure. One of its standout features is the integration of a decentralised VPN (dVPN) into its ecosystem, a solution designed to enhance users’ security and privacy.
How Qubetics dVPN Strengthens the Ecosystem
The dVPN service within the Qubetics ecosystem is a game-changer, offering:
Enhanced Privacy: Protects users’ online activities from surveillance and tracking.
Decentralised Model: Operates on a peer-to-peer network, ensuring no single entity controls user traffic.
Foundation for Other Services: Serves as a building block for decentralised applications like DeFi, NFTs, and storage.
By ensuring secure and private connections, the dVPN promotes the principles of autonomy and decentralisation, making Qubetics a leader in Web3 innovation.
Investment Opportunity
Qubetics is in Presale Phase 9, with the $TICS token priced at $0.023. With over $2.9 million raised and 215 million tokens sold, the next phase brings a 10% price increase.
For instance, a $1,000 investment today secures 43,478 $TICS tokens. If the token reaches $10, this investment grows to $434,000, offering a 43,000% ROI. If the price climbs to $15, the value jumps to $652,000, delivering a 65,000% ROI.
With its transformative solutions and high ROI potential, Qubetics is undoubtedly one of the top cryptos backed by experts for 2024.
2. Cosmos: Building the Internet of Blockchains
Cosmos is a pioneering blockchain project focusing on interoperability, enabling seamless communication and data sharing between blockchains. Its Inter-Blockchain Communication (IBC) protocol allows for creating an interconnected blockchain ecosystem, often called the Internet of Blockchains.
Cosmos provides developers the tools to build custom blockchains while maintaining scalability and security. Its modular architecture and energy-efficient consensus mechanism make it an attractive platform for developers and enterprises. With its rapidly growing ecosystem and focus on interoperability, Cosmos is set to play a crucial role in the future of the blockchain industry.
3. Polygon: Scaling Ethereum to New Heights
Polygon has established itself as the leading Layer 2 solution for Ethereum, addressing its scalability and high transaction fee issues. Polygon supports various applications, including DeFi, NFTs, and gaming by enabling faster and cheaper transactions.
Polygon’s compatibility with Ethereum ensures developers can seamlessly migrate their applications to its platform without sacrificing Ethereum’s robust ecosystem. Its focus on reducing energy consumption and enhancing transaction speeds positions it as a key player in the blockchain space.
As Ethereum’s adoption continues to grow, Polygon’s role in scaling the network ensures it remains a top investment for the future.
4. Algorand: Sustainability and Enterprise-Grade Blockchain
Algorand is a blockchain platform designed for scalability, security, and sustainability. Its Pure Proof-of-Stake (PPoS) consensus mechanism ensures high transaction throughput with minimal environmental impact, making it one of the most eco-friendly blockchains.
Algorand has gained traction in various industries, including DeFi, gaming, and government applications. Its partnerships with financial institutions and enterprises highlight its potential to drive mainstream blockchain adoption. With its focus on sustainability and real-world use cases, Algorand is well-positioned for long-term growth and adoption.
Conclusion
For investors seeking the top cryptos backed by experts for 2024, these four projects offer unparalleled potential for growth and innovation. Qubetics, with its dVPN and exceptional ROI opportunity, stands out as a leader in privacy and decentralisation. Meanwhile, Cosmos, Polygon, and Algorand continue to push the boundaries of scalability, interoperability, and sustainability.
By investing in these projects today, you position yourself for significant returns while supporting the future of blockchain technology. Don’t miss out on these transformative opportunities!
For More Information:
Qubetics: https://qubetics.com
Telegram: https://t.me/qubetics
Twitter: https://x.com/qubetics
Alameda Research Moves 2M POL Tokens: Impact on Price
Polygon (POL), the scaling solution for Ethereum, has been on a strong upward trajectory recently, with its price increasing by…
For the full story, head over to TheCurrencyAnalytics.com.
For the full story, head over to TheCurrencyAnalytics.com.
Polygon’s Recovery: a Breakout for the Token?
The cryptocurrency Polygon is seeing a recovery as its token value increased by around 26% in the past week. Despite this positive movement, only 15.11% of holders are in profit, showing that most long-term investors are still at a loss. At the time of writing, the cryptocurrency is trading at about $0.56 with a market cap of $4.5 billion.
Many investors may not exit at a loss after a previous bull run, suggesting potential for a breakout. A crypto analyst believes that 81.6% of Polygon holders are “out of money,” reflecting high skepticism. Historically, such conditions lead to a “disbelief rally,” where assets rebound sharply when sentiment changes, possibly helping the cryptocurrency cross the $1 mark.
On-chain data reveals a similar situation with increased active addresses, transaction volume, and whale activity. Whales have recently purchased over 140 million POL tokens, showing growing confidence in its long-term prospects. Generally, a surge in whale accumulation signals a bottoming phase, as they often buy during market dips, anticipating future gains.
The absence of major selling pressure and whales buying indicates good technicals. The cryptocurrency is consolidating in a multi-year descending triangle pattern, and a weekly close above $0.7973 could trigger a rally reaching $15.27 or $36.17. However, support levels are crucial, with the $0.37-$0.39 zone being a key demand area.
If the cryptocurrency falls below this level, it could invalidate the bullish outlook and make the same demand area an essential stop-loss point for traders.
Source
<p>The post Polygon’s Recovery: A Breakout for the Token? first appeared on CoinBuzzFeed.</p>
Many investors may not exit at a loss after a previous bull run, suggesting potential for a breakout. A crypto analyst believes that 81.6% of Polygon holders are “out of money,” reflecting high skepticism. Historically, such conditions lead to a “disbelief rally,” where assets rebound sharply when sentiment changes, possibly helping the cryptocurrency cross the $1 mark.
On-chain data reveals a similar situation with increased active addresses, transaction volume, and whale activity. Whales have recently purchased over 140 million POL tokens, showing growing confidence in its long-term prospects. Generally, a surge in whale accumulation signals a bottoming phase, as they often buy during market dips, anticipating future gains.
The absence of major selling pressure and whales buying indicates good technicals. The cryptocurrency is consolidating in a multi-year descending triangle pattern, and a weekly close above $0.7973 could trigger a rally reaching $15.27 or $36.17. However, support levels are crucial, with the $0.37-$0.39 zone being a key demand area.
If the cryptocurrency falls below this level, it could invalidate the bullish outlook and make the same demand area an essential stop-loss point for traders.
Source
<p>The post Polygon’s Recovery: A Breakout for the Token? first appeared on CoinBuzzFeed.</p>
Challenges Faced By Polygon Labs CEO Due to Racial Bias
Polygon Labs CEO Marc Boiron believes that racial bias against co-founder Sandeep Nailwal is impeding the network's growth. Boiron stated that Nailwal's Indian background has led to prejudices hindering Polygon's recognition in the blockchain industry, despite its widespread usage. He highlighted discriminatory remarks and biases faced by Nailwal, emphasizing the impact of such attitudes. While some attribute Polygon's struggles to competition or strategies rather than bias, Nailwal remains focused on overcoming challenges. The conversation extends beyond Polygon, with Nader Dabit also addressing biases against Indian developers in the crypto community. Despite these challenges, Polygon remains a significant player in the industry. The article also covers various crypto-related updates, including India's CBDC strategy, recovery strategies for creditors, and proposals for a BRICS digital asset platform. It concludes with a disclaimer on investment advice and the risks associated with trading cryptocurrencies. Read more AI-generated news on: https://app.chaingpt.org/news
Crypto Market Sentiment Soars Post-US Election as Bitcoin and Polymarket Lead Gains
The cryptocurrency market has experienced a surge in positive sentiment following the U.S. election, with key assets like Bitcoin and platforms like Polymarket outperforming expectations.Polymarket, a prediction market built on the Polygon blockchain, saw $3.2 billion in bets placed during the election period, establishing itself as the largest prediction market. While activity declined post-election, mainstream users continue to favor the platform, which has been hailed as a barometer of public opinion shifts during major events.Bitcoin, the leading cryptocurrency, reached a record high of $77,000 shortly after the election and is now edging closer to the $100,000 milestone. Altcoins, including Solana, also witnessed substantial gains, reflecting broader market optimism.Market analysts attribute this surge to the Republican-controlled Congress, which is expected to introduce clearer cryptocurrency regulations and foster a more favorable environment for the industry. President-elect Donald Trump, known for his pro-crypto stance, is anticipated to relax regulatory policies, potentially transforming how crypto companies operate in the United States.This anticipated regulatory clarity is also expected to drive innovation in decentralized finance (DeFi), as companies adapt to a more supportive legislative landscape. Industry leaders are optimistic that these developments could mark a pivotal moment for the crypto sector’s growth and adoption.
Quintin Rasnick EDyP:
Is this a good idea??
NFTs Weekly Sales Fall By 16% – Is The NFT Market Rally Over?
The non-fungible token market has taken a short bull breather after several weeks of bull rally. In the past seven days, the NFT market has recorded $153 million, down 16% from the previous week. The NFT market began surging earlier this month, following the prospect of a supportive crypto market regulatory regime under the United States President-elect Donald Trump.
NFT Sales Fall 16% In The Past 7 Days
Data compiled by CryptoSlam.io, an on-chain crypto assets market aggregator and a multi-chain non-fungible token explorer backed by billionaire Mark Cuban, shows that the non-fungible token market has slightly tanked again this past week. In the past seven days, the global NFT market has raised trading sales volume of $153 million, down 16% drop from the previous week. Nonetheless, this is the second-highest NFT trading sales volume since the beginning of the year.
Ethereum, the same blockchain network powering the famous Ether and renowned in the NFT market for hosting the majority of blue-chip NFT collections, has been this past week’s top-traded blockchain network in the NFT market. In the past seven days, the Ethereum-based NFT collections have raised a trading sales volume of $48 million. Ethereum NFT sales have plunged by 28.55% from the previous week.
Bitcoin, the blockchain network powering the flagship crypto Bitcoin and renowned in the NFT market for hosting Runes, Ordinals, and BRC-20 NFT collections, has been this past week’s second most-traded blockchain network in the NFT ecosystem. In the past seven days, the Bitcoin-based NFT collections have recorded a sales volume of $40 million. Bitcoin NFT sales volume has dropped by 36.16% from the previous week.
Solana, an open-source blockchain network that supports smart contracts, including non-fungible tokens and various decentralized applications, has been this past week’s third most-traded NFT blockchain network. In the past seven days, the Solana-based NFT collections have recorded a trading sales volume of $22 million. During this period, the Solana NFT sales have dropped by 20.03% from the previous week.
Polygon, an Ethereum scaling solution, and Mythos Chain, the gaming blockchain network that leverages the Ethereum Virtual Machine (EVM) compatibility, have been this past week’s fourth and fifth most-traded blockchain net in the NFT market. In the past seven days, Polygon-based NFTs have amassed a sales volume of $15 million, while the Mythos Chain NFTs have raised a trading sale volume of $10 million. Polygon NFT trading sales volume has surged 422% from the past week.
Ten Top Selling NFTs In The Past 7 Days
1. $?? BRC-20 NFT Collection
$??, a non-fungible token collection created using the BRC-20, a token standard on the Bitcoin blockchain that allows for the creation of tokens that represent ownership of assets, is this past week’s most traded NFT collection in the NFT market. In the past seven days, the $?? BRC-20 NFT collection has amassed a trading sales volume of $14 million. $?? BRC-20 NFT sales have plunged by 53% from the past week.
2. MGGA HAT NFT Collection
Make GMT Great Again (MGGA) Hat, a non-fungible token collection from the GMT DAO, an independent community organization for the GMT token holders, has been this past week’s second most-traded NFT collection in the NFT market. In the past seven days, the MGGA Hat NFT collection has raised a trading sales volume of $11 million. MGGA Hat NFT trading sales volume has surged by 100% from the previous week.
3. CryptoPunks NFT Collection
CryptoPunks, a non-fungible token collection that features a limited edition of 10,000 pixilated NFTs previously created by the Larva Labs but now managed by the Bored Ape creator Yuga Labs, has been this past week’s third most-selling NFT collection in the NFT market. In the past seven days, the CryptoPunks NFT series has raised a trading sales volume of $9.8 million. The CryptoPunks NFT sales have tanked 58.73% from the previous week.
4. Guild Of Guardians NFT Collection
The Guild of Guardians, a non-fungible token collection from Guild of Guardians, a role-playing P2E game that allows players to take teams of heroes and compete through challenging dungeons to collect resources, has been this past week’s fourth most-selling NFT collection in the NFT market. In the past seven days, the Guild of Guardians NFT collection has raised a trading sales volume of $5.8 million. The Guild of Guardians NFT trading sales volume has surged by 49% from the previous week.
5. DMarket NFT Collection
DMarket is a non-fungible token collection created on the Mythos Chain blockchain network that represents in-game virtual items of popular online games such as Counter-Strike and Dota 2, has been this past week’s fifth most traded NFT collection in the NFT market. In the past seven days, the DMarket NFT collection has amassed a trading sales volume of $5.6 million, down 0.02% from the previous week.
6. Uncategorized Ordinal Collection
Uncategorized Ordinal, a non-fungible tokens created on the Bitcoin blockchain network that aren’t officially part of any collection, have been this past week’s sixth most-selling NFT collection. In the past seven days, the Uncategorized Ordinals collection has amassed a trading sales volume of $5 million. The Uncategorized Ordinal trading sales volume has surged 193% from the previous week.
7. Bored Ape Yacht Club NFT Collection
Bored Ape Yacht Club, the flagship NFT Collection of the digital asset firm Yuga Labs featuring a limited edition of 10,000 ape PFPs hosted on the Ethereum blockchain network, has been this week’s seventh most-selling NFT collection in the NFT market. In the past 24 hours, the Bored Ape has amassed a trading sales volume of $4.3 million. During this time, the Bored Ape NFT sales volume has plunged by 11% from the previous week.
8. Pudgy Penguins NFT Collection
Pudgy Penguins, a non-fungible token collection from the digital asset incubation studio Yuga Labs featuring a limited edition of 8,888 penguin cartoons hosted on the Ethereum blockchain network, has been this past week’s eighth most-traded NFT collection in the NFT market. In the past seven days, the Pudgy Penguins have recorded a trading sales volume of $4.08 million. The Pudgy Penguins NFT sales volume has surged by 45% from the previous week.
9. Bitcoin Puppets NFT Collection
Bitcoin Puppets, a non-fungible token collection featuring a limited set of 10,001 digital items created on the Bitcoin blockchain network using the popular Ordinal protocol, has been this past week’s ninth most-selling NFT collection. In the past seven days, the Bitcoin Puppets NFT has raised a sales volume of $3.7 million. During this time, the Bitcoin Puppets NFT sales volume has plunged by 38.77% from the previous week.
10. ZereBorn NFT Collection
ZereBorn, a non-fungible token collection featuring a limited set of 5,500 NFTs hosted on the Solana blockchain network, has been this week’s tenth most-selling NFT collection in the NFT market. In the past seven days, the ZereBorn NFT collection has recorded a trading sales volume of $2.9 million. During this period, the ZereBorn NFT trading sales volume has plunged by 34% from the previous week.
The NFT Market Prediction
The global non-fungible token market has been a rollercoaster ride in 2024, but the latest data signals the strong potential for a resurgence. Now that crypto-friendly President Donald Trump has been re-elected in the United States, the NFT space is set to rebound, driven by innovative applications and increased mainstream adoption, and possibly retest a bull run in the coming months.
Related NFT News:
Top Selling NFTs This Week – Bored Apes And Bitcoin Puppets Top In Sales
UNHCR And Cardano Foundation Drop An NFT Series To Aid Refugees
FIFA Taps Mythical Games To Launch A Football Mobile NFT Game
NFT Sales Fall 16% In The Past 7 Days
Data compiled by CryptoSlam.io, an on-chain crypto assets market aggregator and a multi-chain non-fungible token explorer backed by billionaire Mark Cuban, shows that the non-fungible token market has slightly tanked again this past week. In the past seven days, the global NFT market has raised trading sales volume of $153 million, down 16% drop from the previous week. Nonetheless, this is the second-highest NFT trading sales volume since the beginning of the year.
Ethereum, the same blockchain network powering the famous Ether and renowned in the NFT market for hosting the majority of blue-chip NFT collections, has been this past week’s top-traded blockchain network in the NFT market. In the past seven days, the Ethereum-based NFT collections have raised a trading sales volume of $48 million. Ethereum NFT sales have plunged by 28.55% from the previous week.
Bitcoin, the blockchain network powering the flagship crypto Bitcoin and renowned in the NFT market for hosting Runes, Ordinals, and BRC-20 NFT collections, has been this past week’s second most-traded blockchain network in the NFT ecosystem. In the past seven days, the Bitcoin-based NFT collections have recorded a sales volume of $40 million. Bitcoin NFT sales volume has dropped by 36.16% from the previous week.
Solana, an open-source blockchain network that supports smart contracts, including non-fungible tokens and various decentralized applications, has been this past week’s third most-traded NFT blockchain network. In the past seven days, the Solana-based NFT collections have recorded a trading sales volume of $22 million. During this period, the Solana NFT sales have dropped by 20.03% from the previous week.
Polygon, an Ethereum scaling solution, and Mythos Chain, the gaming blockchain network that leverages the Ethereum Virtual Machine (EVM) compatibility, have been this past week’s fourth and fifth most-traded blockchain net in the NFT market. In the past seven days, Polygon-based NFTs have amassed a sales volume of $15 million, while the Mythos Chain NFTs have raised a trading sale volume of $10 million. Polygon NFT trading sales volume has surged 422% from the past week.
Ten Top Selling NFTs In The Past 7 Days
1. $?? BRC-20 NFT Collection
$??, a non-fungible token collection created using the BRC-20, a token standard on the Bitcoin blockchain that allows for the creation of tokens that represent ownership of assets, is this past week’s most traded NFT collection in the NFT market. In the past seven days, the $?? BRC-20 NFT collection has amassed a trading sales volume of $14 million. $?? BRC-20 NFT sales have plunged by 53% from the past week.
2. MGGA HAT NFT Collection
Make GMT Great Again (MGGA) Hat, a non-fungible token collection from the GMT DAO, an independent community organization for the GMT token holders, has been this past week’s second most-traded NFT collection in the NFT market. In the past seven days, the MGGA Hat NFT collection has raised a trading sales volume of $11 million. MGGA Hat NFT trading sales volume has surged by 100% from the previous week.
3. CryptoPunks NFT Collection
CryptoPunks, a non-fungible token collection that features a limited edition of 10,000 pixilated NFTs previously created by the Larva Labs but now managed by the Bored Ape creator Yuga Labs, has been this past week’s third most-selling NFT collection in the NFT market. In the past seven days, the CryptoPunks NFT series has raised a trading sales volume of $9.8 million. The CryptoPunks NFT sales have tanked 58.73% from the previous week.
4. Guild Of Guardians NFT Collection
The Guild of Guardians, a non-fungible token collection from Guild of Guardians, a role-playing P2E game that allows players to take teams of heroes and compete through challenging dungeons to collect resources, has been this past week’s fourth most-selling NFT collection in the NFT market. In the past seven days, the Guild of Guardians NFT collection has raised a trading sales volume of $5.8 million. The Guild of Guardians NFT trading sales volume has surged by 49% from the previous week.
5. DMarket NFT Collection
DMarket is a non-fungible token collection created on the Mythos Chain blockchain network that represents in-game virtual items of popular online games such as Counter-Strike and Dota 2, has been this past week’s fifth most traded NFT collection in the NFT market. In the past seven days, the DMarket NFT collection has amassed a trading sales volume of $5.6 million, down 0.02% from the previous week.
6. Uncategorized Ordinal Collection
Uncategorized Ordinal, a non-fungible tokens created on the Bitcoin blockchain network that aren’t officially part of any collection, have been this past week’s sixth most-selling NFT collection. In the past seven days, the Uncategorized Ordinals collection has amassed a trading sales volume of $5 million. The Uncategorized Ordinal trading sales volume has surged 193% from the previous week.
7. Bored Ape Yacht Club NFT Collection
Bored Ape Yacht Club, the flagship NFT Collection of the digital asset firm Yuga Labs featuring a limited edition of 10,000 ape PFPs hosted on the Ethereum blockchain network, has been this week’s seventh most-selling NFT collection in the NFT market. In the past 24 hours, the Bored Ape has amassed a trading sales volume of $4.3 million. During this time, the Bored Ape NFT sales volume has plunged by 11% from the previous week.
8. Pudgy Penguins NFT Collection
Pudgy Penguins, a non-fungible token collection from the digital asset incubation studio Yuga Labs featuring a limited edition of 8,888 penguin cartoons hosted on the Ethereum blockchain network, has been this past week’s eighth most-traded NFT collection in the NFT market. In the past seven days, the Pudgy Penguins have recorded a trading sales volume of $4.08 million. The Pudgy Penguins NFT sales volume has surged by 45% from the previous week.
9. Bitcoin Puppets NFT Collection
Bitcoin Puppets, a non-fungible token collection featuring a limited set of 10,001 digital items created on the Bitcoin blockchain network using the popular Ordinal protocol, has been this past week’s ninth most-selling NFT collection. In the past seven days, the Bitcoin Puppets NFT has raised a sales volume of $3.7 million. During this time, the Bitcoin Puppets NFT sales volume has plunged by 38.77% from the previous week.
10. ZereBorn NFT Collection
ZereBorn, a non-fungible token collection featuring a limited set of 5,500 NFTs hosted on the Solana blockchain network, has been this week’s tenth most-selling NFT collection in the NFT market. In the past seven days, the ZereBorn NFT collection has recorded a trading sales volume of $2.9 million. During this period, the ZereBorn NFT trading sales volume has plunged by 34% from the previous week.
The NFT Market Prediction
The global non-fungible token market has been a rollercoaster ride in 2024, but the latest data signals the strong potential for a resurgence. Now that crypto-friendly President Donald Trump has been re-elected in the United States, the NFT space is set to rebound, driven by innovative applications and increased mainstream adoption, and possibly retest a bull run in the coming months.
Related NFT News:
Top Selling NFTs This Week – Bored Apes And Bitcoin Puppets Top In Sales
UNHCR And Cardano Foundation Drop An NFT Series To Aid Refugees
FIFA Taps Mythical Games To Launch A Football Mobile NFT Game
Bridge Stablecoins to Prom
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We have updated our bridging solution to make on-chain Prom interactions more functional and convenient. You can now bridge USDT & USDC from Ethereum, Polygon, Optimism, or Arbitrum to Prom and vice versa.
To start bridging follow the link below 👇
Marquetta Heredia mGg9:
super
RWAs are set to hit a trillion-dollar market, and @GleipnirInc’s upcoming ICO is one to watch.
They’re launching all-in-one platform to simplify crypto investing, starting with managed portfolios and expanding to ETFs and mutual funds bridging TradFi and DeFi seamlessly.
What sets them apart:
• Simplified Investing: Managed portfolios scaling to ETFs with TradFi-inspired strategies.
• Tokenized RWAs $GLAP: Fully decentralized, on-chain, and powered by Polygon.
• World-First Offering: Security tokens directly offered via transparent smart contracts.
With crypto and RWAs forecasted to grow exponentially, Gleipnir aims to redefine DeFi accessibility for all.
Learn more: https://t.co/Q8X1HJMH30
DYOR!
They’re launching all-in-one platform to simplify crypto investing, starting with managed portfolios and expanding to ETFs and mutual funds bridging TradFi and DeFi seamlessly.
What sets them apart:
• Simplified Investing: Managed portfolios scaling to ETFs with TradFi-inspired strategies.
• Tokenized RWAs $GLAP: Fully decentralized, on-chain, and powered by Polygon.
• World-First Offering: Security tokens directly offered via transparent smart contracts.
With crypto and RWAs forecasted to grow exponentially, Gleipnir aims to redefine DeFi accessibility for all.
Learn more: https://t.co/Q8X1HJMH30
DYOR!