The post Axie Infinity & Conflux Users Seize Raffle Coin: RAFF’s Stage 1 Presale Drawing to a Close Foreseeing Exceptional Growth appeared first on Coinpedia Fintech News No serious investor wants to miss out on the chance to earn exponential profits from viable projects. This is why investors are always making efforts to buy into crypto presales with the potential of achieving exponential growth. This year, Axie Infinity and Conflux users are doing all they can to make sure that they don’t …
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MicroStrategy CEO Hails Bitcoin as the Best Crypto Asset with No Opponents
Michael Saylor, the Executive Chairman of MicroStrategy, the largest public holder of Bitcoin, spotted Bitcoin as the best crypto asset ever, with no other second-best asset. In a keynote address delivered at “MicroStrategy World: Bitcoin for Corporations,” Saylor presented Bitcoin as the “single solution” for capital appreciation in an inflationary environment. Saylor shared insights on The post MicroStrategy CEO Hails Bitcoin as the Best Crypto Asset with No Opponents appeared first on Coin Edition .
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From Zero to Hero: BEFE Coin’s Journey to MEME Coin Riches
Meme coins generally grow based on the hype and the buzz around them. While this majorly helps with their growth and popularity, there lies a serious problem here. Meme coins become very much dependent on this artificial hype for their success. Also, this directly impacts their value. As many meme coins are not able to The post From Zero to Hero: BEFE Coin’s Journey to MEME Coin Riches appeared first on Live Bitcoin News .
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Is MATIC Poised For Takeoff? Key Area Breaks Records, Fueling Bullish Outlook
Polygon (MATIC), the Ethereum scaling solution, has been a hot topic for weeks. Its daily active addresses recently hit an all-time high, exceeding 1.4 million, a testament to the network’s growing user base. This surge in activity, however, presents a tale of two sides for MATIC. Related Reading: Is Ethereum Back? Record 267,000 New Users Spark Speculation Polygon’s Busy Streets: A Sign Of Growth Or Gridlock? The high traffic on Polygon’s virtual streets is undeniable. The consistent daily active addresses above 1 million suggest a thriving ecosystem. However, a closer look reveals a potential bottleneck. While the number of users has skyrocketed, transaction fees have taken a nosedive. This decline in fees translates to a drop in revenue for the network, raising concerns about Polygon’s long-term sustainability. JUST IN: Polygon PoS has recorded a new all time high in daily active addresses with 1.4M pic.twitter.com/YnOdDYbyJD — Today In Polygon (@TodayInPolygon) May 1, 2024 The story doesn’t end there. Despite the network’s bustling activity, the Total Value Locked (TVL) in Polygon’s Decentralized Finance (DeFi) protocols has dipped. This could indicate a cautious approach from DeFi whales, hesitant to fully commit their assets in the current market climate. MATIC Bulls Charge In, Waving Green Flags Despite the underlying concerns, MATIC bulls are charging forward. The token’s price experienced a surge exceeding 8% in the past 24 hours, currently hovering around $0.71. This bullish momentum could be attributed to a rise in buying pressure. Data suggests a decrease in MATIC supply on exchanges, coupled with an increase in holdings by large investors (whales). This shift indicates investor confidence in Polygon’s future potential. MATIC market cap currently at $7 billion. Chart: TradingView.com Technical Indicators Flash Bullish, But Caution Remains Technical indicators also paint a bullish picture for MATIC. The Chaikin Money Flow (CMF), Money Flow Index (MFI), and the Moving Average Convergence Divergence (MACD) all point towards a potential upward trend. These indicators suggest strong buying pressure and a bullish upper hand in the market. However, the Bollinger Bands, which measure price volatility, indicate that MATIC might be entering a period of lower price swings. Related Reading: Whales Dive In, But Dogecoin Price Sinks 20%: What’s Going On? While this could be a sign of consolidation after the recent surge, it also introduces an element of uncertainty. The cryptocurrency market is notoriously unpredictable, and technical indicators can be misleading. The Road Ahead: Can Polygon Navigate The Challenges? Polygon finds itself at a crossroads. The network’s high activity is a positive sign, but the decline in fees and DeFi TVL raises concerns. The recent price surge and bullish technical indicators offer a glimmer of hope for MATIC investors. However, navigating the volatile cryptocurrency market requires a cautious approach. For Polygon to maintain its current momentum, it needs to address the issue of declining fees. Exploring alternative revenue models or implementing fee structures that incentivize network usage are crucial steps. Additionally, fostering a robust DeFi ecosystem by attracting innovative protocols and users could reignite investor confidence and drive TVL growth. Featured image from Pixabay, chart from TradingView
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