Polygon (POL) has lagged behind some of the industry’s top performers. Despite a modest rise in recent days, the altcoin…

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Amidst the ever-changing crypto world, certain low-cost altcoins are emerging with incredible potential. Priced under one dollar, these digital assets could be on the cusp of monumental growth. This article uncovers five such cryptocurrencies that might deliver astonishing returns, multiplying investments manifold. Could these affordable tokens be the game-changers investors are seeking? Discover which ones could become the next big breakthroughs.

DOGEN: The Ultimate Memetoken for Real Alphas Who Always Win

Imagine living a dream life — posh cars, fat stacks of cash, and women who turn heads. That’s the DOGEN lifestyle!

If you’re the kind of guy who’s always looking to level up, you need to check out DOGEN. This meme token is for the real alphas who always win.

💎 HODL Like a Beast, Dominate the Market 💎

This thing is about to explode! We’re talking about a 700% surge before the presale even wraps up — and that’s just the beginning. DOGEN is heating up to those insane thousand-fold gains that memetokens are famous for this season. Get in early, and watch the others try to keep up while you’re already at the top!

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DOGEN is the new alpha on the Solana blockchain, running with the big dogs like BONK, WIF, and Popcat — all of which blew up with 1000% gains at some point

Right now, DOGEN’s flying under the radar, but it’s about to set new records in this bull run. You don’t want to miss out on this one.

Got that DOGEN spirit? Good, ‘cause they’re holding an airdrop! All you gotta do is flex on social, stack tokens during the presale, and start building your DOGEN army with your referral link. For every recruit, you’ll be snatching a fat 20% of their Golden Points from token buys.

So what are you waiting for? Grab some DOGEN and dominate the crypto world! 🚀

Cardano (ADA) Surges 118% in a Month, Eyes Breakout Above $0.98

Cardano (ADA) has risen 118.06% in the past month and 35.58% in the last week, currently trading between $0.54 and $0.84. The 10-day simple moving average is $0.78, slightly above the 100-day SMA of $0.76, showing bullish momentum. The nearest resistance is at $0.98; breaking above this level could push ADA to the next resistance at $1.28. The Relative Strength Index at 48.11 indicates room for growth before reaching overbought territory. With altcoin season approaching, ADA might continue its climb, potentially increasing significantly. Support lies at $0.38, which could act as a floor for any pullbacks. The signs point to a promising upward trend for Cardano.

Polygon’s Price Rallies: Could $0.60 Be the Next Target?

Polygon (POL) is on the move. In the past week, its price jumped by 15.28%, and it's up 16.96% over the month. Currently trading between $0.35 and $0.45, it's hovering around its 10-day and 100-day moving averages at $0.43. The Relative Strength Index is at 48.57, signaling neutral momentum. However, the recent gains suggest building interest. The nearest resistance is at $0.50. Breaking this could propel the price toward the next resistance at $0.60, offering potential gains of over 30%. With altcoin season on the horizon, Polygon might be gearing up for significant growth.

XRP Surges Over 100% in a Month: Is a Breakout Above $1.66 Coming?

XRP has seen a strong price increase recently. In the past month, it has jumped over 100%. Its current price ranges between $0.66 and $1.36. The nearest resistance level is at $1.66. If it breaks through this, it could rise to the next resistance at $2.36. The 10-day and 100-day simple moving averages are close, around $1.10, which supports the upward trend. The RSI is near 51, indicating neutral momentum. The MACD is positive, suggesting bullish momentum. With a 60% gain in the past week, XRP may continue to rise if it can surpass resistance levels.

Kaspa (KAS) shows bullish signs amid growing crypto optimism

Kaspa's price has recently fluctuated between $0.13 and $0.16, indicating a period of consolidation. With the nearest resistance at $0.18, breaking through this level could trigger a significant upward movement. Over the past week, the price has increased by 17.88%, reflecting strong momentum. The Relative Strength Index sits around 44, suggesting there's room for growth before reaching overbought territory. If Kaspa surpasses the next resistance at $0.21, it could see substantial gains. As the broader crypto market anticipates a bull run, Kaspa might be poised to rise further. However, if it dips below the support at $0.11, it may face downward pressure. Overall, the signs point toward potential growth for Kaspa.

Conclusion

While ADA, POL, XRP, and KAS offer opportunities, their short-term potential is limited. DOGEN, crafted for those who seek the best in life, stands out. With an expected 700% growth by the end of the presale and potential for thousand-fold returns, it follows the success of tokens like BONK, WIF, and Popcat. DOGEN builds a community of leaders, providing real benefits and exclusive perks for early adopters.

Site: https://dogen.meme/

Twitter: https://x.com/dogenmeme

Telegram: https://t.me/Dogen_Portal

Disclaimer and Risk Warning

This article is a sponsored press release and is for informational purposes only. Crypto News Land does not endorse or is responsible for any content, quality, products, advertising, products, accuracy or any other materials on this article. This content does not reflect the views of Crypto News Land, nor is it intended to be used for legal, tax, investment, or financial advice. Crypto News Land will not be held responsible for image copyright matters. Readers are advised to always do your own research before making any significant decisions.

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The post Alameda Research Moves Millions in Polygon (POL) Tokens: Is a Sell-Off Coming? appeared first on Coinpedia Fintech News

Alameda Research bankrupt firm who have earlier filed for Chapter 11 bankruptcy protection alongside FTX is making waves again in the crypto community. Just as Polygon (POL) surged by 35% this week, the troubled company has transferred millions of POL tokens. This sudden move has raised questions, is this a sign of an upcoming sell-off and profit-taking? 

Alameda Move 2 Million POL Token

On November 23 Alamade Research, one of Polygon’s biggest investors transferred 2 million POL tokens, valued at approximately $927,000, to Binance, a leading centralized exchange. 

Perhaps, this isn’t the first time Alameda has made such moves — over the last few days, they’ve moved a total of 4.5 million POL tokens. 

Alameda’s actions come at a time when POL’s price is seeing a significant boost, especially since Alameda has a history of conducting token dumps that can cause significant fluctuations in the market. 

Alameda Past Token Sell-Offs

However, this recent transfer follows a similar pattern seen in the past when Alameda moved 2 million WLD tokens, worth approximately $3.46 million, to Binance. The purpose of these transfers is believed to be tied to their efforts to repay creditors.

With the recent price surge, some fear that the transfers might be an indication that Alameda is preparing to sell off its holdings, potentially leading to a price correction if other large holders, or “whales,” follow suit.

Polygon’s Price Surge: Can It Hold On?

Despite these large transfers, Polygon’s price has been climbing. The POL token has been trading above $0.54, up 19% in just 24 hours. This week, the price has jumped from $0.34 to $0.54, mainly due to news that SEC Chair Gary Gensler is stepping down. This news has brought fresh hope to the market, and POL has been one of the winners.

Looking ahead, the technical charts show that the price could keep going up. If POL breaks through the $0.59 resistance level, it could reach as high as $0.73 and further to $1.2. 

However, if it struggles to break that barrier, there’s a chance it could drop back down to $0.48 before starting a fresh rally. 

Despite climbing over 17% in the past week amid a broader crypto market rally, Polygon’s MATIC token has struggled to keep pace with its peers.

Once a dominant player, MATIC has significantly underperformed, slipping to the 34th spot in market capitalization rankings. Polygon’s underperformance can be largely attributed to its ongoing transition, compounded by broader regulatory concerns in the crypto industry. 

In September, Polygon began rebranding its MATIC token to POL as part of the major Polygon 2.0 upgrade. This shift is central to the network’s evolution, focusing on zero-knowledge (ZK)-powered Layer 2 chains designed to address Ethereum’s scalability challenges. While the shift aims to bring enhanced token utility and scalability to the network, some investors have remained on the sidelines, waiting to see how the new tokenomics and scalability features will unfold.

However, recent developments show signs of potential growth for Polygon. Popular crypto analyst Ali Martinez noted a significant surge in key on-chain metrics, including rising daily active addresses, transaction volume, and whale activity.

In a tweet this week, the pundit emphasized that these indicators often precede a bullish market shift, suggesting growing interest in the Polygon ecosystem.

“Polygon is experiencing an important spike in on-chain metrics, with daily active addresses, transaction volume, and whale activity. These are all signs of growing interest and market participation, which typically suggest a bullish outlook for POL.” He wrote.

Other analysts are also beginning to recognize the potential of POL. Analyst “Crypto Insider” expressed confidence in the current market conditions for POL, saying that although he had considered waiting for a lower entry point, he is “loading up on POL at these levels.” He explained that the token is in a strong zone, consolidating under resistance with rising volume, a classic squeeze setup.

The pundit also emphasized the fundamental strength of POL, noting its status as a regulated chain. He pointed out that the token has secured valuable partnerships with Web2 giants even during the bear market. Notably, former President Donald Trump launched his NFTs on Polygon’s blockchain, a sign of its growing mainstream adoption. “With the new administration potentially offering more regulatory clarity and support for blockchain projects, POL could be positioned for further growth,” he added.

Additionally, analyst Ali Martinez has set ambitious price targets for POL. He recently predicted that the token could see a 167% gain if it reaches $0.89, with an even more dramatic upside potential of 2,387%, projecting a possible rise to $8 per token based on a bullish triangle pattern setup.

At press time, MATIC was trading at $0.44, reflecting a 3.54% drop over the past 24 hours.

Polygon shows potential for major rally despite recent underperformance

Technical indicators reveal bullish crossover signals

Analyst projects ambitious $36 price target

Polygon (POL) appears poised for a price surge despite its recent underwhelming performance, according to leading blockchain analyst Ali Martinez.

While the broader cryptocurrency market has experienced substantial gains, Polygon’s modest 2.73% daily and 17.41% weekly increases have left investors questioning its competitive edge against peers like Dogecoin and XRP, which have delivered returns exceeding 120%.

I believe #Polygon $POL could stage one of the most hated rallies! While sentiment remains bearish, bullish signals are piling up:– Price bounced off the triangle's x-axis– Stoch flipped bullish– MACD is on the verge of a bullish crossover pic.twitter.com/h9xicj72oa

— Ali (@ali_charts) November 20, 2024

However, Martinez suggests a “hated rally” could be imminent, based on emerging technical patterns. The analyst’s detailed examination reveals that Polygon’s price has recently bounced off the x-axis of a descending triangle, establishing a critical technical foundation.

This pattern typically precedes significant upward movement, particularly if the asset can breach the triangle’s descending trendline resistance.

Polygon Stochastic oscillator presents bullish signals

Supporting this bullish outlook, the Stochastic oscillator presents encouraging signals, with the %K line (blue) crossing above the %D line (orange), traditionally indicating growing buying pressure and potential trend reversal.

The MACD indicator further reinforces this positive sentiment, approaching a bullish crossover as the MACD line nears the signal line, while histogram bars show diminishing negative momentum.

Perhaps most notably, Martinez’s chart analysis points to an ambitious price target of $36. This projection would represent an extraordinary 8,216% appreciation from the current price of $0.4329, highlighting the significant potential upside if technical patterns play out as anticipated.

On-chain metrics add weight to the bullish thesis, with Martinez noting a marked increase in daily active addresses, transaction volume, and whale activity over the past two days. These fundamental indicators often precede positive price action, suggesting growing market interest in Polygon.

Looking at specific price targets, Martinez identifies a longstanding resistance trendline dating back to Polygon’s December 2021 peak. Breaking this barrier could trigger a cascade of upward movement, with initial targets at $0.89 (167% gain) and $8.00 (2,387% increase) before potentially reaching the ultimate $36 target.

Reportedly, the Solana crypto project was selected as the best choice for the development of Wyoming’s stablecoin project, along with other crypto projects.

The “Wyoming Stable Token Project” is an initiative by the state of Wyoming to create a stablecoin, just like USDT & USDC. With the help of this stablecoin, Wyoming state aims to push blockchain innovation and provide a secured, government-backed, highly regulated digital asset for payment services. As we know, Wyoming state is known for its crypto-friendly steps, so it is expected that Wyoming may bring itself among the top US states in terms of Blockchain technology adoption.

In the latest development, Wyoming stable token project officials chose multiple crypto projects for the development of Wyoming stable token. The list includes Solana, Avalanche, Sui, Steller, Ethereum, Polygon, Arbitrum, Base, & Optimism.

Solana is at the top of the list & many people said that there is a huge chance that they will select the Solana project team for their stablecoin development.

It is worth it to note that no transparency is seen in the selection of these crypto projects to the development support of stablecoin, so it will be interesting to see the objection by other crypto entrepreneurs. Also, no kind of demonstration was done by any of these crypto projects to get selected in the proposed stablecoin.

Already, Cardano founder Charles Hoskinson showed his disappointment with Wyoming officials for not giving any attention to Cardano in this regard.

https://t.co/5r7WWJ1zF2#Cardano Founder Slams Wyoming for Snubbing $ADA Team in #Wyoming Stablecoin Project

— Bitcoinik (@Bitcoinikdotcom) November 23, 2024

Solana spot ETF applications

As of Nov 2024, a total of four Solana spot ETF applications are awaiting regulatory approval from the American securities regulatory body SEC. These applications were filed by the Cboe BZX Exchange on behalf of various issuers, including VanEck and 21Shares. Also, Bitwise Asset Management registered for a Solana Trust. Experts believe that Bitwise may file for Solana spot ETF application in the future.

Read also: Despite BTC trading at $99k Nasdaq-listed company MARA buying BTC

Polygon (POL) holders are feeling the impact of a challenging market as recent data reveals that 81.60% of holders are…

For the full story, head over to TheCurrencyAnalytics.com.

Would you like to know how to turn your thousand-dollar investment into a million dollars during the crypto market’s first bull cycle? If yes, then investing in undervalued, overlooked broad-based altcoins with immense growth potential might be the direction to take.

Benefits may come from five specially chosen securities: Rexas Finance, Polygon (MATIC), Ripple (XRP), Avalanche (AVAX), and Toncoin (TON). All these altcoins have considerable room for growth, innovative technology, and strong communities, making them good candidates for fast gains with the movement of the overall market.

Rexas Finance (RXS): The Premier Altcoin for All Investors Seeking Substantial Return

Rexas Finance (RXS), which trades at a value of $0.080 per RXS, is a clear-cut winner when it comes to altcoin investment, even with as little as $ 1,000 as it is likely to cross $ 1 million in the upcoming bull market. Rexas has grabbed the attention of many, particularly through the media buzz that has just recently appeared on CoinMarketCap and CoinGecko, as the company has a unique approach to RWAs, tokenizing them into real estate or gold.

The platform provides advanced tools like the Rexas Token Builder and Launchpad, facilitating access to premium assets. Rexas Finance has achieved over $164 million in token sales and secured $9.3 million in the ongoing stage 6 presale, positioning itself for quick expansion.

Topping the [resale attention is the ongoing millionaire giveaway of $1 million that sets to reward 20 lucky participants with $50,000 worth of RXS tokens.  Its zero-tax token architecture, Certik-validated security, and global market potential render it poised for significant growth, establishing it as an optimal choice for new investors aiming to leverage the forthcoming surge in cryptocurrency.

Polygon (POL): An Underrated Asset for Investors

Polygon (POL) is an up-and-coming altcoin that is perfect for beginner traders and will help them earn $1,000,000 in a $1,000 investment as it has proved its worth through its multi-chain structure and its NPoS consensus, which tackles scalability problems within the Ethereum network, which in turn allows for the simple creation of scalable and cross-compatible decentralized applications.

Polygon’s emphasis on innovation, exemplified by Asynchronous Backing technology, along with its dedication to sustainability, significantly amplifies its attractiveness. With Ethereum’s ongoing dominance, Polygon is poised to take the lead, rendering it an optimal selection for new investors seeking substantial gains in the forthcoming bull market.

XRP: An Optimal Choice for Novice Investors 

Priced at $1.1410, XRP is one of the top altcoins that is suitable for beginners looking to turn 1,000 dollars into a million dollars. XRP Ledger, developed by Ripple, makes it easier and cheaper to make international transactions and hence is highly preferred by other companies.

The 2023 legal triumph over the SEC has revitalized investor confidence, while initiatives to decentralize and release XRP coins bolster the network. Through innovations like as the RLUSD stablecoin and continuous strategic alliances, Ripple persistently transforms global finance. The volatility of XRP appeals to day traders, and its increasing use may lead to significant price appreciation, rendering it a favorable alternative for investors seeking high returns in the forthcoming bull market.

Avalanche (AVAX): A Leading Candidate for Significant Returns 

At a present price of $35.58, Avalanche (AVAX) represents an ideal altcoin for a $1,000 investment aimed at $1,000,000 returns. Avalanche’s capacity to process thousands of transactions per second establishes it as a formidable entity in DeFi and dApp development.

Its distinctive multi-blockchain design enhances scalability and versatility, while its ecosystem is continuously expanding. Avalanche is growing in popularity for its performance and security as many developers settle for the platform. As a trailblazer in the space, the rather ingenious platform is likely to take the lead in the development of blockchain technology and decentralized finance, making it suitable for even first-time investors.

Toncoin (TON): An Asset for Emerging Investors 

At a present price of $5.459, Toncoin (TON) distinguishes itself as a premier alternative for novice investors pursuing substantial returns especially turning a $1,000 investment into a $1,000,000. Created by the developers of Telegram, Toncoin utilizes the Open Network (TON) to provide rapid, economical transactions with dynamic sharding for enhanced scalability.

The interface with Telegram’s extensive user base provides Toncoin a distinct advantage in promoting adoption.  The coin’s recent performance underscores its potential for appreciation, while its emphasis on security and user experience renders it appealing to both developers and users. With Toncoin’s ongoing innovation and expansion, it is strategically positioned to significantly influence the future of digital payments, rendering it a compelling choice for the forthcoming bull market.

Conclusion

Rexas Finance (RXS) is distinguished as the premier altcoin for novice investors seeking to convert $1,000 into $1,000,000 during the forthcoming bull market. Rexas, via its pioneering tokenization of tangible assets and robust presale results, is poised for significant expansion.

Its presence on prominent platforms, tax-exempt approach, and Certik-validated security provide it with a distinct advantage. Although Polygon, XRP, Avalanche, and Toncoin present significant promise, Rexas’s innovative strategy and low valuation render it the most promising option for substantial rewards.

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

Website | Win $1 Million Giveaway | Whitepaper | Twitter/X | Telegram

DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post 5 Best Altcoins to Invest $1000 in as a New Investor and Hit $1,000,000 in Your First Bull Run appeared first on CaptainAltcoin.

Singapore-based stablecoin infrastructure startup WSPN partners with Polygon Labs to scale WUSD stablecoin use in payments in decentralized finance.

Worldwide Stablecoin Payment Network — also known as WSPN — has joined forces with Polygon Labs, the firm behind the Polygon blockchain, to expand the adoption of WSPN’s flagship stablecoin, WUSD. The strategic collaboration, announced in a Nov. 22 press release, aims to drive the use of the stablecoin across emerging markets.

Although specific details of the partnership remain undisclosed, WSPN highlighted several key focus areas in the initiative, including “facilitating payments and tokenization solutions for companies operating in Hong Kong SAR and Singapore, developing on-chain green finance projects tailored for African clients, and building robust defi platforms that leverage the strengths of both WSPN and Polygon technologies,” per the press release.

You might also like: U.K. to unveil crypto, stablecoin rules early next year

WSPN seeks new markets with Polygon as liquidity partner

The collaboration comes a few months after WSPN secured $30 million in seed funding round led by Foresight Venture and Folius Ventures, to advance its “Stablecoin 2.0” mission. The funding, supported by over 30 cryptocurrency exchanges and a range of payment institutions, aims to bolster WSPN’s stablecoin offerings and governance token initiatives.

WSPN, founded by former Visa and Paxos employees, has also been advancing its governance token framework to enable on-chain voting and community-driven decision-making. The firm’s flagship stablecoins, WUSD and WEUR, are backed by cash, cash equivalents, and short-term Treasury bills, according to its website.

Read more: Kraken-backed stablecoin issuer Quantoz to launch two MiCAR compliant tokens

Polygon (POL) price has been slightly bearish for the past three days, but there may still be some upside left for the price, as suggested by Ali Charts on X.

Ali suggests that Polygon (POL) might be on the verge of significant rallies—the most hated rallies. There are bearish sentiments in the ecosystem. However, he points out that several bullish indicators are emerging, signaling a potential reversal in trend.

The analysis reveals a large descending triangle pattern, with POL price recently bouncing off the triangle’s lower x-axis support level. This bounce coincided with a critical Fibonacci retracement level at 0.618 ($0.2873), which often serves as a strong support zone in technical analysis.

Some Bullish Indicators Are Piling Up

Some of the bullish indicators that are showing include:

Stochastic Oscillator

The Stochastic indicator has flipped bullish, marked by a crossover in the oversold zone. This shift suggests a change in momentum towards the upside. Historically, such crossovers from oversold positions are precursors to trend reversals.

Read Also: Bitcoin Cash (BCH) Nearing a ‘Violent Breakout’ as BTC Price Approaches $100k

MACD (Moving Average Convergence Divergence)

The MACD histogram is transitioning from bearish (red) to bullish (green), indicating a reduction in bearish momentum. The convergence of the signal lines hints at a potential bullish crossover, which is typically a strong confirmation of an impending rally.

Fibonacci Levels

The recent bounce at the 0.618 Fibonacci level reinforces its role as a robust support area. Future resistance levels are anticipated at 0.786 ($0.7973) and the 1.0 Fibonacci extension ($1.9255), providing targets for upward movement.

Read Also: Cardano (ADA) to Kickstart New Uptrend if Price Closes Above This Key Level

Ali has outlined a possible breakout path for POL, suggesting targets at higher Fibonacci extension levels, including 1.272 ($15.2670) and 1.414 ($18.1703). These projections indicate long-term bullish potential.

The term “most hated rallies” reflects a contrarian perspective, where the overall bearish sentiment may lead traders to underestimate the bullish signals. This situation can create conditions for a stronger rally as short-sellers might be compelled to cover their positions, further driving the price upward.

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.

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The post Polygon (POL) Could Stage the ‘Most Hated’ Rally as Bullish Signals Mount appeared first on CaptainAltcoin.

Software development company Polygon Labs partnered with the Worldwide Stablecoin Payment Network (WSPN) to explore the possibilities within digital finance, with a particular emphasis on expanding the adoption of the WUSD stablecoin.

WSPN, which specializes in stablecoin infrastructure, is dedicated to creating a secure, efficient, and transparent payment framework for the global economy. The WUSD stablecoin, pegged 1:1 to the US Dollar, is designed to enhance digital payment security for Web3 users. Its strategy emphasizes accessibility, community-driven governance, and a user-focused approach, aiming to foster broader stablecoin acceptance.

Earlier this year, WSPN incorporated Polygon’s PoS (Proof-of-Stake) blockchain into its WUSD network infrastructure. Building on this foundation, the current partnership seeks to accelerate the adoption of WUSD. Polygon Labs’ contributions will play a pivotal role in supporting WUSD’s integration across diverse markets.

The collaboration also aims to explore various applications of stablecoins, payments, and decentralized finance (DeFi). Among the key initiatives are enabling payment and tokenization solutions for businesses in Hong Kong, SAR, and Singapore, developing blockchain-based green finance projects tailored to clients in Africa, and creating DeFi platforms that integrate WSPN’s and Polygon’s technologies. These efforts aim to address a wide range of market demands while encouraging WUSD usage across different regions and sectors.

By combining WSPN’s expertise in stablecoin payment solutions with Polygon’s blockchain technology, this partnership seeks to advance the digital asset ecosystem. It places particular focus on supporting emerging markets and the developing DeFi sector.

Polygon Labs Partners With Fabric Cryptography To Advance ZKP Adoption Within The AggLayer 

Polygon Labs, a software development firm, focuses on creating and managing a network of interconnected blockchains known as the AggLayer. This network is designed to operate securely on the Ethereum platform, ensuring scalability and interoperability for blockchain applications.

Recently, Polygon Labs formed a partnership with Fabric Cryptography, an emerging company specializing in advanced cryptographic technologies. The collaboration is aimed at promoting the use and integration of zero-knowledge proofs (ZKPs) within the AggLayer. This initiative seeks to enhance privacy, security, and efficiency in blockchain transactions, fostering broader adoption of ZKP technologies.

The post Polygon Labs Joins Forces With WSPN To Accelerate WUSD Stablecoin Adoption appeared first on Metaverse Post.

“A big problem with Ethereum right now is that for a block to be considered finalized, it generally takes 12 to 19 minutes,” Farmer said. “If you’re moving funds between like Arbitrum and Polygon: until that transaction has been withdrawn from Arbitrum and deposited to Polygon, Polygon can’t safely credit those funds to a user until that transaction has been finalized on the L1. So that just leads to a bad user-experience, whereas if you have 12-second finality, that becomes a better user experience.”

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Polygon co-founder Sandeep Nailwal has raised concerns about the rise of memecoin scams, such as the recent QUANT incident, potentially attracting regulatory scrutiny. Nailwal emphasized the risks in a post on Nov. 21, citing incidents that could trigger government intervention in the crypto space. The scandal involved a 13-year-old creating the memecoin Gen Z Quant (QUANT) on Pump.fun, leading to a surge in value before crashing. The teenager then launched two more tokens, profiting from rug pulls and sparking outrage among traders. Nailwal warned that such events tarnish the industry's reputation and may result in stricter regulations due to the speculative nature of memecoins. The ongoing crypto market rally has seen a wave of memecoin launches lacking utility, exposing investors to risks. Industry leaders like Nailwal stress the need for oversight to prevent further incidents that could harm the industry's image. Read more AI-generated news on: https://app.chaingpt.org/news

Seoul, South Korea, November 21st, 2024, Chainwire

Prom, a scalable network based on Polygon SDK, today announced the launch of its mainnet, following an extensive testnet campaign that saw over 25,000,000 transactions and 2,000,000 unique wallets interacting with a chain. This milestone is a step forward in blockchain scalability, as Prom leverages zero-knowledge proof technology to deliver enhanced throughput, optimized transaction costs, and advanced security.

Prom’s solution addresses the most prevalent problems of modern networks by utilizing ZK-based architecture, which until now have not been widespread due to technical complexity. Its architecture ensures the needed speed, level of security, and seamless interaction with the chain, reducing friction for users and granting developers a flexible framework for building a diverse range of dApps.

“We’re thrilled to open a new chapter for Prom and streamline the expansion of our ecosystem by welcoming developers and users to interact with the chain,” said Iva Wisher, COO of Prom. “We’re committed to constant efficiency improvement, transmitting scalability and convenience of everyday on-chain actions, and we are looking forward to welcoming a wave of products built on our network.” 

The Prom network was developed in collaboration with industry leaders such as Polygon, DWF Labs, Ankr, Goldsky, Automata, and Blockscout to ensure the highest standards of performance and security.

The native network token, $PROM, is powering the Prom network. Listed on Binance, HTX, KuCoin, Gate.io, Upbit, and AscendEx, $PROM is driving fast on-chain interactions, and serving as the governance token for the Prom DAO. Through this community-driven governance model, users are empowered to help shape the future of the Prom ecosystem while benefiting from a percentage of the total network fees.

The mainnet launch opens new doors for developers seeking a platform for building decentralized applications (dApps). With a grant-based support mechanism in place, developers can utilize Prom’s platform to be an ideal environment to easily build and deploy, unlocking greater product scalability and reducing the barriers to entry for development. For users, Prom’s technology ensures lower transaction fees, strong security, and enhanced decentralization. 

About Prom

Established in 2019, Prom has rapidly grown with innovative products across GameFi, SocialFi, Influencer Marketing, DeFi, and more. Prom looks to address critical shortfalls in various markets, setting the standard for capturing a large share of the market, by introducing its own solution to effortlessly unite diverse product sectors.

Prom creates a competitive landscape for advancing blockchain adoption, enhancing network security, decentralization, and efficiency.

Website | X | Telegram | Discord | Coingecko | Coinmarketcap | Medium |

Contact

CMOMax Kanmvk@prometeus.io

Polygon has experienced a sustained uptrend over the past month. An analyst has pointed out 3 key factors signaling POL rally.