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Polygon  ( MATIC ), one of the most popular layer-2 scaling solutions for Ethereum, has recently caught the eye of crypto analysts and investors. MATIC was its previous name until April 2021, when it changed to Polygon . MATIC is the native token of the Polygon network. According to the latest data from CoinGecko, MATIC has surged 7.6% in the last seven days and 18% in the last 14 days. Additionally, the coin has surged almost 28% in the last 30 days. Also read: Dogecoin Surges 31%: Can DOGE Reach $1 in 2024? After rallying to all-time highs above $2.90 last December before plunging lower in 2023, MATIC has stabilized around the $0.80-$0.90 range so far this year. However, the coin has recently surged past the $1 level and is trading at $1.03. Even though Bitcoin is eyeing $63,000 after its recent surge and drop, MATIC seems not to be showing any major movements. With the whole cryptocurrency market trading in the green, let us find out whether the coin can hit $2 soon.

The Bonk price soared 51% in the last 24 hours to trade at $0.00002117 as of 04:46 a.m. EST on trading volume that surged 73% to $871 million. This comes as the Solana-based meme coin surges past PEPE when ranked by market capitalization. BONK now has a market cap of more than 1.4 billion as PEPE trails behind on $1.2 billion. Bonk Price Bullish, Breaks Out Of The Falling Wedge BONKUSD Chart Analysis Source: Geckoterminal.com Since mid-December 2023, the Bonk price has been dropping within the confines of the falling wedge pattern. However, the price looked to have traded in the $0.000014 range, with the bulls winning the contest. The BONK bulls have been able to regain control of the price, pushing it over the upper boundary of the falling wedge, an indication of sustained bullish momentum. BONK is generally bullish, trading above the 9-day Exponential Moving Average (EMA), representing buying signals that could drive the price even higher. Additionally, the Relative Strength

The Nigerian Department of State Security arrested two Binance executives on Monday in Abuja. The arrest was a part of the ongoing investigations into crypto exchanges in Nigeria, including Binance and Kraken. The CBN Governor Olayemi Cardoso states that Binance Nigeria has been involved in $26 billion in illicit flows. In the latest turn of events amid the increasing regulatory crypto scrutiny in Nigeria, two Binance executives have been arrested in the West African nation. Despite their attempt to flee when the country decided to ban certain crypto trading websites, they were arrested, and their passports were seized. Currently, Nigeria is experiencing a foreign exchange crisis, with its local currency naira, hitting record lows on Wednesday. While the country framed new rules and strategies to limit outflows, Nigeria imposed restrictions on certain crypto exchanges, including Binance and Kraken. Nigerian President Bola Tinubu shared an X post, stating thes

A widely followed analyst and trader believes one Solana (SOL) ecosystem memecoin is gearing up for a major breakout. The analyst pseudonymously known as The Flow Horse tells his 202,800 followers on the social media platform X that dogwifhat (WIF) is on the verge of flipping a key resistance level at $0.42 into support and that could kick off a massive rally. “There are some mega obvious setups across the board. Few are as clear as WIF right here. This base is setting up a much larger leg higher again.” Source: The Flow Horse/X WIF is trading for $0.62 at time of writing, up more than 30% in the last 24 hours. Next up, the trader is turning bullish on Ethereum (ETH) layer-2 project Optimism (OP), preferring it over Arbitrum (ARB). He cites another social media user’s OP versus ARB ratio (OP/ARB) chart, which suggests OP is going to continue outperforming ARB. “Agree. ARB isn’t a long hold, OP long stays on.” Source: Comfortably Long/X Optimism is trading fo

The Chamber of Digital Commerce filed an amicus curiae brief in the Kraken v. SEC case. The filing claimed that the SEC’s “aggressive approach” hinders blockchain innovation.  Reasonable regulations could lead to economic growth and financial inclusion, according to the filing.  The blockchain trade association, The Chamber of Digital Commerce, has recently registered its protest against the U.S. Securities and Exchange Commission’s (SEC) lawsuit on crypto exchange Kraken by filing amicus curiae in response. In a February 27 court filing, the Chamber of Digital Commerce clarified that the primary aim of the amicus brief is to limit the SEC’s attempt to regulate the digital asset industry through enforcement without getting authority from the legislation. The Chamber of Digital Commerce stated on X that enforcement alone is not enough. The association noted that Congress is actively working on solutions, and the SEC’s “aggressive approach” hampers innovati

A new research project by ByBit has brought forth interesting insights. The report outlines that Bitcoin and Ethereum are top choices for institutional investors to explore and hold. The research also shows that investors are actively exploring Ethereum, touting it as the next breakthrough crypto coin.  Bybit’s research further elaborates on the reasons for the increased interest of investors in ETH. The report says that upcoming advancements in the ETH blockchain are poised to help Ethereum gain better market momentum.  Also Read: Ethereum: How High Can ETH Go in March 2024? Why Ethereum? Bitcoin’s remarkable market rally and its recent $57K touchdown are proof enough for investors to hold BTC in the near future. However, the sudden inclination of investors towards Ethereum has stirred a flurry of reactions.  The report streamlines how investors are keenly looking forward to Ethereum’s technological advancement in terms of upgrades and updates. The investors seem to be b

In his latest update, Alessandro De Crypto focuses on the ongoing presale of eTukTuk (TUK), highlighting its progress and potential. Despite progressing more slowly than expected, nearing the $1.5 million mark in presale indicates significant interest in the project. Alessandro De Crypto stresses that interested investors can still seize the opportunity to participate in this early-stage phase by accessing the presale link provided in the video description or by visiting the official eTukTuk website. The greenest AI crypto – eTukTuk’s goals and mission eTukTuk (TUK) distinguishes itself through its distinctive structure and targeted application, leveraging cutting-edge advancements in the industry. By harnessing blockchain technology and AI innovations, eTukTuk addresses carbon emissions by promoting eco-friendly transportation alternatives. The initiative aims to spearhead the global transition to electric vehicles, offering the eTukTuk EV as an affordable and reliable substitut

Ethereum outperforms Bitcoin in 2024 amid speculation on spot ETF approval. Analyst predicts Bitcoin will reach $88K by the end of 2024 Ethereum’s surge is led by ETF speculation and the Dencun upgrade, according to analyst. Senior Crypto Research Analyst at Bitwise, Ryan Rasmussen, predicted Bitcoin would reach $88K by the end of 2024 in a recently released interview with Yahoo Finance. In Bitcoin’s recent surge, the crypto reached its highest level in over two years, breaking above the $57,000 mark. However, the interview highlighted how, year to date, Ethereum “has managed to outperform its larger crypto rival.” Rasmussen stated that Bitcoin benefits from excitement around the upcoming halving event and bullish futures trading positions. However, the analyst believes that Ethereum is bullish due to the anticipation around the Dencun upgrade in March, which is driving “a lot of excitement.” The upgrade is reportedly expected to lower transaction costs.

In what is a rather surprising development for the ecosystem, one Shiba Inu whale has sold for more than 421 billion SHIB as the price desperate seek some more momentum. Indeed, the whale in question sold the meme coin collection after holding it for more than 2 and a half years according to a Spot On Chain report. On Sunday, the asset made moderate movement upward, increasing only 0.32% to trade at $0.0000096 according to CoinMarketCap. Subsequently, the SHIB army is seeking to eliminate another zero from the price, with the week set to decide whether or not that could be possible before March arrives. Also Read: Shiba Inu (SHIB) Gains Access to 1,200 Merchants in 25 Countries SHIB Whale Sells Billions After 2.5-Year Hold The prevalence of meme coins has been an undeniable subsect of the digital asset sector in the last several years. With tokens like Dogecoin (DOGE) gaining much renown, the industry has seen interest in these cryptocurrencies increasing. Specifically, th

As Bitcoin (BTC) is fast approaching its next halving event, during which the algorithm will cut in half the reward for mining the cryptocurrency, many crypto traders and investors are wondering about the price of the flagship decentralized finance (DeFi) asset once this happens. With this in mind, Finbold has consulted GPT-4, the fourth iteration of the OpenAI brainchild ChatGPT, to provide insights regarding the price of Bitcoin after the 2024 halving, taking into account the importance of this event, as well as its price movements in the previous halving events. ChatGPT-4’s expectations for Bitcoin As it happens, using the above factors as a basis for its predictions and a premise of a consistent market behavior pattern, the artificial intelligence (AI) chatbot synthesized the available information and offered its prediction for the price of Bitcoin following the April halving, from the standpoint on February 26. Picked for you Kusama reveals BEEFY upgrade to enable

The BRICS alliance is aiming to launch a new currency in the global market to challenge the US dollar’s hegemony. BRICS want their local currency or a new tender to replace the US dollar as the world’s reserve status. The job in hand is not as easy as they think as uprooting the US dollar is a herculean task. Also Read: Gold Prices Reach $2,030: Why Is the Precious Metal Rising? The US dollar constitutes around 58% of all the world’s trade and settlements while its next competitor, the Euro is at 20%. The Chinese Yuan is far behind with a mere 3% and other local currencies are well below it. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. When Will BRICS Launch Their New Currency? Source: AFP The BRICS bloc has stopped providing information about the prospects of launching a new currency to challenge the US dollar. The alliance is now talking about extending bilateral trade deals with members and buying oil at discounte

Former United States President Donald Trump has addressed the growing popularity of Bitcoin (BTC) and the importance of having a regulated environment for the asset.  While speaking during a recent Town Hall interview with Fox News host Laura Ingraham, Trump pointed out that there is growing adoption of Bitcoin while highlighting that the asset has ‘taken a life of its own’   At the same time, Trump suggested that with its popularity, there is a need for regulation s in managing the cryptocurrency if it were to be formally embraced in the US.  Picked for you Sell alert? 'Smart' Ethereum Whale dumps $21 million in ETH 1 hour ago Robert Kiyosaki explains why he ‘would be happy’ if Bitcoin crashes 2 hours ago 3 cryptocurrencies to avoid trading next week 3 hours ago AVAX sell-off alert: Avalanche suffers major outage 22 hours ago However, Trump expressed his skepticism about the possibility of utilizing Bitcoin as currency, stating that h

Terra Luna Classic has upgraded its minimum deposit requirement for new proposals. The Terra Luna Classic community’s minimum initial deposit is now set at 1M LUNC. LUNC rallied 10% following the new minimum initial deposit approval. Terra Luna Classic has upgraded the minimum deposit requirement for new proposals in its eco system . At the end of a voting process, the Terra Luna community voted in favor of Proposal 12071, titled “Set the Minimum Initial Deposit to 1M LUNC.” #LUNC Proposal 12071 Set the Minimum Initial Deposit to 1M LUNC Luna Classic Labs votes – YES Comment: "Deposit" is a place in the Governance system that is full of spam. For that reason, I don't go there at all and I don't pay any attention to proposals in the deposit phase. I… pic.twitter.com/Z0ALyLPgpa — LunaClassicLabs.com – 0% Fee LUNC Validator (@LunaClassicLabs) February 21, 2024 Following the proposal’s description, it aims to clean up the project’s gover

SHIB’s burn rate skyrockets 4200%, fueling market optimism and price support. Technical analysis reveals SHIB’s bullish breakout potential from a symmetrical triangle. Shiba Inu may be on the brink of a 51% rally, eyeing a triumphant return to its 12-month peak. As per the market analysts, Shiba Inu (SHIB) is about to enter an enormous breakthrough. The latest developments and a technical Analysis point out that Shiba Inu might have a 52% rally, which means that the cryptocurrency will likely reach the 12-month high level. Such optimistic prediction is under fluctuating market dynamics, where Shiba Inu has shown the spirit and possibility of strong growth. $SHIB 1WEEK Chart: Breakout target is 1400. Breakout should be confirmed, it's still moving in pattern rn. pic.twitter.com/IId3C9SRCm — $SHIB KNIGHT (@army_shiba) February 22, 2024 Shiba Inu Market Momentum Grows The current price of SHIB is $0.000009569. Even though Shiba Inu had a slightly

StarkWare has revised the token lockup schedule for its early contributors and investors. The unlocking will now happen in a phased manner, StarkWare said.  Initial plan to unlock 1.34 billion tokens on April 15 was adjusted to 64 million. In response to valuable feedback from its ecosystem partners and collaborators, StarkWare has announced a revision to the token lockup schedule for its early contributors and investors.  As per the official post from StarkWare on social media platform X, the decision aims to address concerns and create a more gradual unlocking process, demonstrating the company’s commitment to building trust within the community. “After listening to feedback from ecosystem friends and collaborators, we are changing the lockup schedule for StarkWare’s early contributors and investors to make it more gradual,” said the firm.  According to previous reports, StarkWare is gearing up for the debut of its STRK token and also witnessed a su

Digital assets brokerage FalconX announces expansion into Hong Kong. The platform expanded its services to Singapore in 2023 as it sought to grow its presence in the APAC. FalconX recently partnered with TC ICAP’s Fusion Digital Assets. The team as FalconX, a digital-assets prime brokerage for institutions, has revealed that it is expanding its cryptocurrency services and products to Hong Kong. FalconX shared the news via a post on its X account. Hong Kong’s growing as a crypto hub FalconX announced that the expansion plans come amid rising demand from global institutions for an efficient, safe and regulated exposure to the crypto asset class. The platform shared its plans via an announcement on Thursday. It noted that the goal is to extend its over-the-counter (OTC) brokerage and crypto derivatives products to institutional investors. These include fund managers, proprietary trading firms and family offices among other professional investors. Hong Kong