The fallout of $2 increases selling pressure in the MATIC coin price. Will the 200-day SMA stand strong or succumb under bearish power? Polygon’s new features are built on the technology that has been proven to increase the capacity to meet the diverse requirements of the developer-based ecosystem. It continues to improve its core technology to ensure that it is able to scale to accommodate a wider ecosystem. Polygon boasts the ability to process up to 65,000 transactions every second in one side chain and a solid block confirmation speed of fewer than 2 seconds. Polygon also permits the creation of global decentralized financial apps using a single blockchain. Let us move ahead to read about Polygon technical analysis. Past Performance of MATIC MATIC coin price action shows a fall of almost 30% in the past week due to the increased selling pressure all over the market. The breakout of the head-and-shoulders pattern, mentioned in our previous article, is below the $2 support. The fallout results in a downfall of almost 15% within 24 hours, resulting in the formation of a bearish engulfing candlestick.  MATIC/USD Daily Chart MATIC Technical Analysis The MATIC coin price shows a rise in bearish trend momentum and selling pressure. It is evident by the pattern breakout and a 20% jump in trading volume. Moreover, the price falls below the $1.70 mark as it heads lower to the $1.5 mark. The falling 20-day SMA breaks below the 50-day SMA as it heads lower to the 100-day SMA to give another bearish crossover. Moreover, the price breaks below all the SMAs except the 200-day line as it struggles to find support near it.  The MACD indicator shows the MACD and signal lines cracking below the zero line in the daily chart. With the increasing trend of falling histograms and increasing gap between the fast and slow lines, the rise in selling pressure is crystal clear.  The Momentum indicator shows a downfall in the slope below the zero line in the daily chart. The slope at -0.72 shows a sudden jump in the underlying bearish momentum. Therefore, the technical indicators suggest a growth in bearish power as the price breaks below the $2 mark. Moreover, the 200-day SMA breakout seems imminent. Upcoming Trend The MATIC coin price action shows growth in underlying selling pressure after the fallout of the rising channel and the support level at $2. The increased bearish trend momentum may shortly break below the 200-day SMA to reach the $.5 or $1.2 mark. However, if the prices find support near the 200-day SMA, the resistance levels are at $2 and $2.15. At press time, the technical Analysis by TradingView gives a “SELL” signal for the MATIC coin. Technical Analysis for MATICUSD by TradingView

The post MATIC Technical Analysis: 200-Day SMA, the Last Bullish Stand to Maintain the Uptrend appeared first on Cryptoknowmics-Crypto News and Media Platform.

The liquidations skyrocketed to nearly $700 million on a 12-hour scale as bitcoin and the rest of the market kept dumping.

January 21, 2022– As the project celebrates its one-year anniversary, MDEX, an innovative DeFi platform, has transformed into DeFi 2.0. By establishing a special fund for metaverse, collaborating closely with several high-quality NFT projects, and investing in the NFT incubation and trading platform Openmeta, the MDEX platform has established a stronghold in the areas of […]

The post MDEX Transitions Into the Metaverse, NFT and DAO as It Celebrates Its One Year Anniversary appeared first on NullTX.

The U.S. Securities and Exchange Commission (SEC) is adding more fuel to the already widespread fire in the broader cryptocurrency market. On Friday, January 21, the SEC rejected MicroStrategy’s Bitcoin accounting standards noting that the company cannot strip out Bitcoin’s wild swings from its unofficial accounting standards. The news comes just as Bitcoin corrected 7%

The post MicroStrategy (MSTR) Stock On Free Fall As SEC Rejects Its Bitcoin Accounting Strategy appeared first on CoinGape.

On Frida, January 21, the broader cryptocurrency market extended further losses tanking another 8%. This is the second consecutive day of heavy selling in the crypto space as investors lose more than $350 billion in cumulative wealth. As of press time, Bitcoin is down 7.38% and is currently trading at $36,611 with a market cap

The post Second Consecutive Crash Day Extends Investor Loses Over $350 Billion, El Salvador Buys the Dip appeared first on CoinGape.

BENGALURU, INDIA, Jan 22, 2022 - (ACN Newswire) - Pixis (formerly known as Pyxis One), a leading provider of contextual codeless AI infrastructure for complete marketing optimization, today announced it has secured US $100M in Series C funding. Pixis will leverage the fresh funds to help the company rapidly scale its AI platforms and plugins, as well as accelerate expansions across North America, Europe, and APAC.

The Series C round was led by SoftBank Vision Fund 2, with participation from new investor General Atlantic, a leading global growth equity firm. Existing investors Celesta, Premji Invest, and Chiratae Ventures also participated in the round. With the close of its US $17M Series B round just four months prior, Pixis has raised a total of US $124M to date since its inception in 2018.

Founded by Shubham A. Mishra (Global CEO), Vrushali Prasade (CTO), and Harikrishna Valiyath (CBO), the Pixis AI infrastructure leverages self-evolving neural networks to empower over 100 customers worldwide with AI-powered decision-making. Having witnessed a 600% growth since its inception, today, Pixis is uniquely poised to disrupt marketing to make it more agile and data-backed, especially in a world that is speedily heading towards a cookieless web. The SoftBank Vision Fund 2 investment in Pixis confirms that in a cookieless world, Artificial Intelligence could be the big differentiating factor for brands.

Priya Saiprasad, Partner at SoftBank Investment Advisers said, "Marketing is one of the largest spending categories for companies but many of its decisions are still driven by intuition rather than data. Pixis has developed an end-to-end codeless AI infrastructure, that equips teams with cutting-edge data science to automate and improve core processes, from budget allocation to real-time campaign optimization and reporting. We are excited to partner with Shubham and the team to support their mission to make marketing data-backed, intelligent, agile, and effortlessly scalable in the new cookie-less world."

Shubham Mishra continued, "The web going cookieless, in conjunction with decreasing access to the depth of data that was previously available, is a worrisome situation for marketers. In this environment, it is self-evolving neural networks that are proving to be invaluable assets in countering the disruptions to the marketing landscape. We're excited to partner with SoftBank Vision Fund 2 and General Atlantic to make codeless AI infrastructure accessible to every market in the world."

Customers using the Pixis AI infrastructure have witnessed a 20% decrease in acquisition costs on average, in addition to at least 300 hours of manual work saved per month. The alluring factor for customers, however, is definitely the prospect of activating AI in 8 seconds without having to write a single line of code.

"Pixis is on a rapid growth trajectory and the fresh funds will help us far exceed our timelines for that", said Neel Pandya, the company's APAC CEO. "Especially with the introduction of our unique AI plugin, we've recorded enormous growth and retention with our current customer base. The capital will also help us speed up our tech development and bring to market newer products more quickly."

Looking ahead, Pixis aims to add over 200 customizable self-evolving AI models to the infrastructure it offers and has already introduced close to four dozen AI models since its last funding. And now, with the US$100 million Series C funding, Pixis is all set to fast-track tech and AI development.

About Pixis (formerly Pyxis One)

Pixis is a California-based technology company that provides codeless AI infrastructure to enable customers to scale accurate data-driven marketing. The company's codeless AI infrastructure currently comprises over four-dozen proprietary AI models that are deployed across an ecosystem of products and plugins. Pixis is on a mission to provide marketers with robust plug-and-play AI products without them having to write a single line of code.

About General Atlantic

General Atlantic is a leading global growth equity firm with more than four decades of experience providing capital and strategic support for over 445 growth companies throughout its history. Established in 1980 to partner with visionary entrepreneurs and deliver lasting impact, the firm combines a collaborative global approach, sector-specific expertise, a long-term investment horizon, and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to scale innovative businesses around the world. General Atlantic currently has over $86 billion in assets under management inclusive of all products as of September 30, 2021, and more than 215 investment professionals based in New York, Amsterdam, Beijing, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, Sao Paulo, Shanghai, Singapore, and Stamford. For more information on General Atlantic, please visit the website: www.generalatlantic.com.

Related link
https://www.linkedin.com/posts/softbank-investment-advisers_marketing-is-one-of-the-largest-spend-categories-activity-6889927122006106112-_7xh
https://techcrunch.com/2022/01/18/softbank-ai-infrastructure-pyxis-one-pixis/

Media contacts
Brand: Pixis
Contact: Anjali Devaiah, Rishabh Chauhan
Email: [email protected] , [email protected]
Website: https://pixis.ai/

SOURCE: Pixis

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comPixis (formerly known as Pyxis One), a leading provider of contextual codeless AI infrastructure for complete marketing optimization, today announced it has secured US $100M in Series C funding. Pixis will leverage the fresh funds to help the company rapidly scale its AI platforms and plugins, as well as accelerate expansions across North America, Europe, and APAC.

DUBLIN–(BUSINESS WIRE)–The “Global Pharmaceutical Excipients Market Size, Trends & Growth Opportunity, By product, By Formulations, Region and Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering. The global pharmaceutical excipients market is expected to grow from $8.3 billion in 2021 to $10.6 billion by 2027, at a compound annual growth rate (CAGR) of 5.0% […]

The post The Worldwide Pharmaceutical Excipients Industry is Expected to Reach $10.6 Billion by 2027 – ResearchAndMarkets.com appeared first on Fintech News.

DUBLIN–(BUSINESS WIRE)–The “Global Digital Substation Market (2021-2026)” report has been added to ResearchAndMarkets.com’s offering. The Global Digital Substation Market is estimated to be USD 9.6 Bn in 2021 and is expected to reach USD 13.5 Bn by 2026, growing at a CAGR of 7%. The “digital substation” refers to an electrical substation in which activities […]

The post Global $13.5 Bn Digital Substation Markets, 2021-2026 by Module, Type, Installation Type, Voltage, Industry, & Competitive Analysis – ResearchAndMarkets.com appeared first on Fintech News.

DUBLIN–(BUSINESS WIRE)–The “Growth Opportunities in Cloud-, IoT-, and AI-Based Security Innovations” report has been added to ResearchAndMarkets.com’s offering. This edition of the Cyber Security Technology Opportunity Engine (TOE) provides a snapshot on emerging cyber security solutions powered by cloud-, Internet of Things (IoT)-, and artificial intelligence (AI)-based innovations that help companies protect from threats, data […]

The post 2021 Insights on Cloud-, IoT-, and AI-Based Security Innovations – Post-Perimeter Security to Neutralize Attacks in Advance – ResearchAndMarkets.com appeared first on Fintech News.

DUBLIN–(BUSINESS WIRE)–The “Growth Opportunities in Wireless Power Transmission, AI Processors, Quantum Computing, and Displays” report has been added to ResearchAndMarkets.com’s offering. This report includes innovations related to wireless charging, artificial intelligence (AI) processors, quantum computing, and displays. Some of the key innovations profiled include wireless charging for low and high power electronic devices, AI processors […]

The post 2021 Wireless Power Transmission, AI Processors, Quantum Computing, and Displays Industry Growth Opportunities – ResearchAndMarkets.com appeared first on Fintech News.

DUBLIN–(BUSINESS WIRE)–The “Growth Opportunities in the Global Wind Services Market” report has been added to ResearchAndMarkets.com’s offering. Global wind services market is forecast to grow from $18.95 billion to $42.25 billion by 2030, at a compound annual growth rate (CAGR) of 8.2%. Over 1000 GW of wind power capacity will come online between 2021 and […]

The post Global Wind Services Market Growth Opportunities Report 2021 with Profiles of Vestas, Siemens Gamesa, and PSI Repair Services – ResearchAndMarkets.com appeared first on Fintech News.

DUBLIN–(BUSINESS WIRE)–The “Crypto ATM Market Size, Share & Trends Analysis Report by Type (One Way, Two Way), by Offering, by Coin Type (Bitcoin, Dogecoin, Ethereum, Litecoin), by Application, by Region, and Segment Forecasts, 2022-2028” report has been added to ResearchAndMarkets.com’s offering. The global crypto ATM market size is expected to reach USD 1.88 billion by […]

The post Global Crypto ATM Market Analysis & Forecast Report 2022-2028 Featuring GENERAL BYTES, Genesis Coin, Lamassu Industries, Covault, Bitaccess, Coinme, Coinsource, Coin ATM Radar, Orderbob, Cryptomat – ResearchAndMarkets.com appeared first on Fintech News.