Tag: layer
Polygon Price Prediction 2022-2026-Will MATIC Price Hit $2.18 by the end of 2022?
MATIC is the native token of Polygon that was formerly known as MATIC network. It only supports basechain on the Ethereum blockchain and is Layer 2 blockchain Unlike blockchains with scalability challenges, the Polygon blockchain completes 65,000 transactions per second in a chain, and confirms transaction within 2 seconds Prior to the migration of MATIC to its own blockchain, it was initially launched as an ERC-20 token on the Ethereum blockchain. Over 50 decentralized applications (Dapps) and decentralized finance (Defi) projects had been launched on the Polygon blockchain. What is Polygon (MATIC)? MATIC was launched on the Ethereum blockchain in 2017 before it was migrated to its own blockchain in 2019. It was cofounded by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun The total supply of MATIC is 10 billion MATIC and in April 2019 launchpad, only 19% of MATIC’s total supply was sold at a rate of $0.00263 per token and $5 million was raised Let’s see the Polygon (MATIC) price analysis for the coming years. Price Analysis of Polygon (MATIC) Flashback: Fundamental Analysis of MATI With the very low fees that are used in Polygon blockchain for transaction, there has been an option for top platforms that host the buying and selling of non-fungible tokens to allow the option to use the Polygon network. For example, the OpenSea platform, allows it’s users to create and deploy for Sales NFTs with no fees. This is due to the high gas fees of the Ethereum network. Since the NFT market worth over $40 billion as at January 2022, the Polygon blockchain is attracting a host of projects in the NFT sector Though the price of MATIC plummet by over 50% from it’s all-time high value: analysts believe that once the blockchain continues to attain it’s Layer 2 goals, the price of MATIC will recover Now, let’s look at charts to see the price analysis of Polygon (MATIC). https://www.tradingview.com/x/O83wAzB3 The relative strength index for MATIC from the chart above is 39.44. This value means that the present trend of MATIC is weak since it lies between 30 and 50, though it is approaching the undervalued region of 30. https://www.tradingview.com/x/ou7S8c7L The 100-MA is above the 200-MA, which means that the price of MATIC might not give good returns to investors who want to hodl the token for only a few days. https://www.tradingview.com/x/mBJerIIy From the chart above, we can see that the jaw which is represented by the blue curve is above and not closer to the green curve called the lips. This means that the present price of MATIC might plummet further. Now, let’s see the price prediction of Polygon MATIC for the next five years. Polygon (MATIC) Price Prediction 2022 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2022, the price of MATIC will be at least $1.15, $1.6, $1.75, and $2.18 respectively. Polygon (MATIC) Price Prediction 2023 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2023, the price of MATIC will be at least $2.35, $2.6, $2.85, and $3.18 respectively. Polygon (MATIC) Price Prediction 2024 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2024, the price of MATIC will be at least $3.4, $3.65, $3.75, and $4.12 respectively. Polygon (MATIC) Price Prediction 2025 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2025, the price of MATIC will be at least $4.15, $4.6, $5.75, and $6 respectively. Polygon (MATIC) Price Prediction 2026 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2026, the price of MATIC will be at least $6.3, $6.6, $7.5, and $10 respectively. Polygon (MATIC) Price Prediction: Market Sentiment Let’s consider the price prediction of MATIC by well-known media platforms. Gov Capital According to Gov Capital, the price of MATIC will be $7.47 by next year and $60.7 by February 2027. Wallet Investor According to Wallet Investors, the price of Polygon (MATIC) will be $2.96 by March 2023 and $8.9 by March 2027. DigitalCoin According to DigitalCoins, the price of MATIC will be $1.96 by 2022, $2.18 by 2023, $2.95 by 2025, and $7 by 2031. Our Polygon (MATIC) Price Prediction With the concentration of the Polygon developers in achieving their Layer-2 goals and also the adoption of Polygon in the NFTs market, the price of MATIC will get to $10 by 2026. Conclusion From the fundamental analysis, charts, and market sentiments around Polygon, we can deduce that the price of MATIC will be bullish in the future which will reward long-term investors.
The post Polygon Price Prediction 2022-2026-Will MATIC Price Hit $2.18 by the end of 2022? appeared first on Cryptoknowmics-Crypto News and Media Platform.
Cardano Soars 13% On Rumors Of Burn Mechanism Rollout, Charles Hoskinson Reacts
How to Pay Netflix and Apple TV Subscriptions using Cardano Tokens
Subscriptions are an integral part of modern life. Digital subscriptions are increasingly common as more people get content from various subscription channels, unlike the past few decades where cable TV was the default source. Accordingly, the need to support crypto payment for Netflix and other subscription services is on the rise, even timely.
Revuto is a subscription management platform on Cardano that aims to add efficiency and control to the payment of subscriptions. They are now joining hands with Genius Yield, an equally innovative order-book DEX launching on Cardano to fast-track the adoption of DeFi services. While both protocols would support each other's ecosystem, a standout benefit would be paying for Netflix, Apple TV, Amazon, DSTV, and other subscription services using Genius Yield's GENS and other Cardano tokens. It is a vital support allowing users to take control of their spending, save money, while also earning cashback in Revuto's REVU tokens. Meanwhile, it will be possible for users to earn GENS by staking REVU via the ISPO in the Revuto Staking Center.
Streaming services can be annoying with their subscription models for all their quality content. You have probably heard a friend or relative furious over the billing policies of one of their subscriptions. The problems range from difficulties in cancellation, automatic renewal, and other communication-related issues.
A Blockchain-Based Subscription Service
The fundamental issue with most subscriptions is that they rely on credit cards or bank payments. Once you sign up and agree to terms that most people never read, the subscription service can automatically deduct from your bank account.
Revuto introduces the concept of a virtual debit card to grant users more control over subscription payments, allowing users to pay with Cardano and its tokens. The idea is to have a decentralized application that users can utilize to manage their subscriptions. This virtual debit card is operationalized as a decentralized application (dApp) that runs on the Cardano blockchain.
Here is a summary of how the subscription management app will work:
Download the Revuto app and set up an account, a straightforward process;
Add subscriptions you intend to manage. They could range from music streaming services like Netflix, software packages, and more.
Once the subscriptions are linked, you can begin paying using GENS and other supported tokens.
The real prize is your ability to block, snooze, and generally control payments to your subscription service. This versatility allows the account holder to prevent unwanted subscription charges that make subscriptions more expensive than what you signed up for. Besides, you don't have to cancel the subscription when you want to snooze payments for a while before resuming.
The Cardano Blockchain Provides Base Support
Revuto achieves its high performance because it launches from a robust layer, built from the ground up with the intention of being inherently scalable. The Cardano crypto blockchain is the handiwork of Ethereum co-founder Charles Hoskinson and a team of developers who sought to create a high-functionality and research-based network.
Accordingly, Cardano is an excellent host for decentralized systems and applications. The rise of Decentralized Finance (DeFi) bodes well for this bespoke blockchain and its native coin, ADA. The protocol has significantly higher throughput than Ethereum, implementing a unique architecture with different settlement and computation layers. Accordingly, smart contract execution does not clash with transactions, as is the case for Ethereum.
Using Cardano blockchain, this utility has allowed an integrated decentralized hub like Genius Yield, SundaeSwap, and others to thrive. Its efficiency and increasing stature in the DeFi sector fit well with services that offer a secure and fast settlement.
More Than Just Subscriptions Management
Meanwhile, with Revuto in the picture, users can make payments efficiently and leverage recurring payments with REVU and get extra services for money management. Revuto received three million early sign-ups for dApp, with hundreds of thousands of users worldwide. These numbers bode well for an upcoming Fintech startup earning Revuto accolades like the award for the fastest-growing consumer product at the recent World Blockchain Summit in Dubai.
The ability to pay for your subscriptions in Cardano tokens is revolutionary. Bitcoin has struggled to gain traction as a medium of exchange for all its popularity. This utility application provides a real-world use for cryptocurrency.
Revuto is looking to make its app a wholesome product. Soon, users will be able to exchange fiat and crypto in real-time and other decentralized finance services like lending and borrowing. Overall, the subscriptions management platform will provide a mobile-friendly and excellent decentralized finance management tool. The decision to launch on the Cardano blockchain is a testament to this vision. Revuto has a native Cardano mobile and non-custodial wallets with plans to add their custodial wallet to augment user experience.
Forecasting Growth in The Subscriptions Sector
The world is trending online by the year. This trend is likely to manifest in the subscriptions and billing management sector, with the global market estimated to grow from about $3.9 billion today to $7.4 billion in 2027. The accelerated growth of digital streaming services is the biggest growth driver. it is the golden age for streaming with more potential in developing markets
There is excellent potential for a subscriptions management tool with such a market size. There will be tens, even hundreds of millions more people joining this demographic in the next few years. Accordingly, Revuto is entering the scene strategically for all stakeholders.
Looking Forward
Cryptocurrency and the blockchain launched on the fundamental premise that consumers need more control of their finances. This idea is relevant in countless fields. Subscriptions fall in this category because some services are downright abusive in their billing policies. Genius Yield and Revuto take the tenets of decentralization and user empowerment in these industries and seek to transform how consumers relate to subscription services. There is a great need for such services. By forming a fitting coalition, Genius Yield and Revuto will likely reap from the appreciation users will have for such convenience.
Media Contact
Company Name :- Genius Yield
Email Id :- [email protected]
Company Website :- https://www.geniusyield.co/
Cardano (ADA) Attains 9th Position in Market Valuation During Ecosystem Inflows
Top 5 Junglers in League of Legends
Which are the top junglers in the current meta of League of Legends? If you don’t know who are the best Jungler Champions in competitive League of Legends, let us help you out! Are you into esports betting? Check out our predictions, power rankings, tournaments previews, and all the best tips and guides to get […]
The post Top 5 Junglers in League of Legends appeared first on EsportsBets.com.
Should You Use Aggregator 1inch or a DEX?
From crisis currency to consumer adoption: What next for crypto?
Ethereum L2 Optimism Raises $150 Million
Ethereum scaling solution Optimism raises $150 million in a Series B funding
The funding round was co-led by Andreessen Horowitz’ a16z and major crypto VC firm…
The post Ethereum scaling solution Optimism raises $150 million in a Series B funding appeared first on Coin Journal.
TòrÒnet a Blockchain Platform Built Specifically for Financial Inclusion Launches With Four Stablecoins – Press launch Bitcoin News
press launch PRESS RELEASE. TòròNet not too long ago introduced the launch of the community’s mainnet, following almost six months of working a testnet. The blockchain was launched along with stablecoins in 4 currencies within the African sub-continent to begin. The blockchain is constructed particularly targeted on the unbanked and inadequately banked, however with the […]
The post TòrÒnet a Blockchain Platform Built Specifically for Financial Inclusion Launches With Four Stablecoins – Press launch Bitcoin News appeared first on Bitcoin Upload.
ApeCoin in for Volatile Ride as Exchanges List Bored Ape Yacht Club-linked Crypto
The token plunged from $39.4 to $6.31 Thursday morning, according to Coinbase
The post ApeCoin in for Volatile Ride as Exchanges List Bored Ape Yacht Club-linked Crypto appeared first on Blockworks.
GameStop to launch NFT platform by end of Q2
The firm included web3 initiatives and its NFT platform in its 10-K disclosure filing as part of "new growth opportunities."
The post GameStop to launch NFT platform by end of Q2 appeared first on The Block.