Polygon Labs' CEO predicts that Bitcoin could hit $250,000, citing its simplicity and scarcity. Major platforms like
Stripe and
PayPal are considered key drivers for growth in the stablecoin market.
Polygon's price consolidates above $0.244 low amid a surge of new cryptos like
Qubetics stealing the spotlight. However, predictions of a
Polygon Network surge are also simultaneously fuelled by the impact of XYZ meme coin. Stablecoin provider
Bitso expands its offering by enabling USDT on Polygon, indicating a market strength alongside cryptos like
Cardano and
Shiba Inu.
Polygon's Whale Transaction volume and Total Value Locked (TVL) appears to be dropping, indicating a potential 40% fall. Concurrently,
Polygon is presented as the ultimate Ethereum Scalability solution and is considering a $1B stablecoin proposal for yielding $70M. Notably, India's tech giant,
Jio, has partnered with polygon to bring Web3 to 450M users. Interesting developments include the
launch of JioCoin on the Polygon network and a controversial $1B stablecoin proposal leading to
Aave considering an exit from Polygon. Meanwhile, a swap from
MATIC to POL starts, driving hyper-productive token utility.
Polygon Coin News Analytics from Mon, 08 Jul 2024 07:00:00 GMT to Tue, 25 Feb 2025 15:45:00 GMT -
Rating 4
- Innovation 3
- Information 6
- Rumor -2
