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Solana On the Verge of Major Price Movement

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Why OpenMeta Stands out and is making a difference in the NFT market

Why OpenMeta Stands out and is making a difference in the NFT market
The NFT ecosystem has experienced phenomenal growth. According to the NFT statistics website NFTGO, the total market value of NFTs has grown to $16 billion, with the daily transaction volume currently low at $100 million. This growth is primarily due to the influx of external funds, brands, and the continuous expansion of NFT application scenarios […]

Why OpenMeta Stands out and is making a difference in the NFT market

Why OpenMeta Stands out and is making a difference in the NFT market
The NFT ecosystem has experienced phenomenal growth. According to the NFT statistics website NFTGO, the total market value of NFTs has grown to $16 billion, with the daily transaction volume currently low at $100 million. This growth is primarily due to the influx of external funds, brands, and the continuous expansion of NFT application scenarios […]

Why OpenMeta Stands out and is making a difference in the NFT market

Why OpenMeta Stands out and is making a difference in the NFT market
The NFT ecosystem has experienced phenomenal growth. According to the NFT statistics website NFTGO, the total market value of NFTs has grown to $16 billion, with the daily transaction volume currently low at $100 million. This growth is primarily due to the influx of external funds, brands, and the continuous expansion of NFT application scenarios […]

Why OpenMeta Stands out and is making a difference in the NFT market

Why OpenMeta Stands out and is making a difference in the NFT market
The NFT ecosystem has experienced phenomenal growth. According to the NFT statistics website NFTGO, the total market value of NFTs has grown to $16 billion, with the daily transaction volume currently low at $100 million. This growth is primarily due to the influx of external funds, brands, and the continuous expansion of NFT application scenarios […]

Why OpenMeta Stands out and is making a difference in the NFT market

Why OpenMeta Stands out and is making a difference in the NFT market
The NFT ecosystem has experienced phenomenal growth. According to the NFT statistics website NFTGO, the total market value of NFTs has grown to $16 billion, with the daily transaction volume currently low at $100 million. This growth is primarily due to the influx of external funds, brands, and the continuous expansion of NFT application scenarios […]

Why OpenMeta Stands out and is making a difference in the NFT market

Why OpenMeta Stands out and is making a difference in the NFT market
The NFT ecosystem has experienced phenomenal growth. According to the NFT statistics website NFTGO, the total market value of NFTs has grown to $16 billion, with the daily transaction volume currently low at $100 million. This growth is primarily due to the influx of external funds, brands, and the continuous expansion of NFT application scenarios […]
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Bitcoin Price Analysis: BTC Challenges $45K Resistance for 3rd Time, Will it Finally Succeed?

POsitive market sentiment abounds in the past couple of days. This has enabled BTC to return to the major resistance at $45,000 for the third time and the question remains: will it finally break above it? BTC Technical Analysis By: Edris Daily timeframe: Bitcoin has reached the major $45K resistance zone once again following a […]

Bitcoin Price Prediction: BTC/USD Reclaims $43,000 Resistance

Bitcoin Price Prediction – March 22 The Bitcoin price prediction shoots above $43,000 as the bulls blow hot, it has done little to flip the [...]

Polygon Price Prediction 2022-2026-Will MATIC Price Hit $2.18 by the end of 2022?

Polygon (MATIC) Technical Analysis

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.

Polkadot Price Prediction 2022-2026-Will DOT Price Hit $30 by the end of 2022?

Polkadot Launches Parachains, Expanding Scalability

DOT is the native token of the Polkadot network and it is used for staking for operations, bonding tokens to connect to flagships, and network governance. One of the aims of the Polkadot protocol is to provide the foundation for the creation of decentralized internet of blockchains known as web3. Polkadot provides the necessary tools for the creation of decentralized applications, services, and institutions controlled by the users. Polkadot (DOT) has four components which are relay chain, bridges, parachains, and parathreads. What is Polkadot (DOT)? SOL is the token used to carry out transactions within the Solana open-source blockchain. The blockchain can be used to build decentralized applications and also deploy smart contracts. It was launched in March 2020 with Anatoly Yakovenko as the main co-founder. Dot is used as the token for transactions on the Polkadot blockchain. Polkadot is a sharding chain in that it helps the transfer of data and assets from one blockchain to another to improve scalability. It was founded in 2016 by Gavin Wood, Peter Czaban, and Robert Havermeier. Now, let’s see Polkadot’s (DOT) price analysis for coming years. Polkadot (DOT) Price Analysis Flashback: Fundamental Analysis of Polkadot (DOT) A research report by Messari on-chain published that Polkadot (DOT) is the highest altcoin that is held by Venture Capital fund managing organizations in the fourth quarter of 2021. This shows that although, DOT is the 12th cryptocurrency with a market capitalization of about $17.32 billion. This news might push more investors to hodl the coin for the long term which will directly move the price higher. Nodle, a decentralized wireless network that provides secure and low-cost connectivity and data liquidity to connect billions of devices worldwide has won the Polkadot challenge for developers who registered for Parachains. With a large number of Nodle users and the over 2.48 million DOT used in the challenge, more users in the crypto community will be exposed to the Polkadot blockchain which will directly impact positively on the price of DOT. Now, let’s look at charts to see what it says about the price analysis of Polkadot (DOT). https://www.tradingview.com/x/mixTzdS4/ The Relative Strength Index (RSI) value of Polkadot (DOT) is 48.66 from the link above. This means that the present trend of DOT is neutral since it lies between 30 and 50. However, since it is approaching 50 which means a strong trend, the price of DOT might move higher since the present candlestick is bullish. https://www.tradingview.com/x/TfdKCOHA/ The long-term price of Polkadot (DOT) from the link above is bearish. This is because the 100-MA is above the 200-MA in the 1Day chart of DOT/USDT. https://www.tradingview.com/x/hzuBnu7g/ The link above represents the chart for the William Alligator indicator for DOT/USDT. Since the blue curve called the jaw is above, it means that the present downtrend of Polkadot might continue for a while before a reversal. The section below outlines the Polkadot price prediction for the next five years. Polkadot (DOT) Price Prediction 2022 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2022, the price of DOT will be at least $19, $22, $20, and $30 respectively. Polkadot (DOT) Price Prediction 2023 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2023, the price of DOT will be at least $40, $50, $55, and $80 respectively. Polkadot (DOT) Price Prediction 2024 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2024, the price of DOT will be at least $75, $90, $110, and $150 respectively. Polkadot (DOT) Price Prediction 2025 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2025, the price of DOT will be at least $160, $180, $170, and $250 respectively. Polkadot (DOT) Price Prediction 2026 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2026, the price of DOT will be at least $280, $300, $320, and $500 respectively. DOT Price Prediction: Market Sentiment DOT price prediction from well-known media houses is explained below: PricePredictions According to PricePredictions, the price of DOT will be $22.7 by 2022 and $455 by the end of 2030. DigitalCoins According to DigitalCoins, the price of Polkadot (DOT) will be around $23.3 in 2022 and $80 by the end of 2030. Wallet Investors According to Wallet Investors, the price of Polkadot (DOT) will be $32.5 by next year and $96 in five years. Our Polkadot Price Prediction With the adoption of Polkadot Parachains in mobile data usage by Nodle and a forecast that the mobile global data traffic will be 220.8 million terabytes per month by the year 2026, we can deduce that it is possible for DOT to reach $500 by 2026. Conclusion From the fundamental analysis and the market sentiment around … Continued

The post Polkadot Price Prediction 2022-2026-Will DOT Price Hit $30 by the end of 2022? appeared first on Cryptoknowmics-Crypto News and Media Platform.

GBP/USD – Testing support ahead of Fed and BoE

Can it break lower? The pound has been trending lower against the dollar since the Russian invasion of Ukraine as traders have sought the safety of the greenback in times of stress. But what’s interesting in recent days is that while market sentiment has improved, the pair has continued to slide. And with it now […]

Bitcoin Derivatives Market Reflects Macroeconomic Uncertainty

Analyzing bitcoin derivatives data makes it clear that market participants are cautious in this period of uncertainty.
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