Tomorrow, we will be performing a slightly bigger rebalance as we will be replacing 3 of our holdings👇
Have a great Sunday🙌
Polygon crypto is a layer 2 scaling solution, a sidechain, that provides faster transactions and lower costs for users. The Polygon blockchain operates parallel to the main Ethereum blockchain, allowing users to “bridge” some of their crypto assets and interact with a range of crypto applications which were previously Ethereum blockchain exclusive.
The Polygon coin is MATIC and is used for staking, paying fees on the network, and for governance, where holders of MATIC can vote on changes to the platform. MATIC crypto can be sold on various exchanges.
Polygon uses a proof-of-stake (PoS) consensus mechanism, which means that users stake their MATIC and earn newly minted coins for validating transactions and adding them to the blockchain. A lower-commitment version of staking is delegators, who stake their MATIC coins through a trusted validator.
Here you can read and comment on all posts made by Strategists about Polygon MATIC. See all Polygon price predictions in real time and make the best use of their crypto knowledge.
Dear valued clients,
We would like to inform you that on November 18, 2023, we will be automatically executing a rebalancing of the Digital Asset Array (DAA) within the Crypto Assets DAA strategy.
The current active DAA structure will be as follows:
Render Network has one of the most amazing use-cases in Crypto: GPU cloud rendering.
The Render Network creates a much more efficient, powerful, and widely-scalable rendering network.
With a new crypto bullmarket coming (let's hope) I think moving on from general DeFi, Blockchain and AI usecases to more specfic, focused goals could be a great potential. RNDR has a great team, solid fundamentals and a narrative that could be populair in a bull market.
Market analysis indicates that $MATIC has crossed the $0.60 resistance level. The Moving Average Convergence Divergence (MACD) Line and the Relative Strength Index (RSI) both suggest a positive trend in the market for Polygon.
Nansen's Q3 2023 report reveals Polygon's strength during market fluctuations. Key players like Chainlink, with 47.08 million transactions, led the activity within the Polygon ecosystem. The report also notes that Polygon's daily transactions ranged between 1.9 million to 2.8 million, and daily active addresses varied from 275,000 to 466,000, indicating a stable user base.
More and more rumours indicate that a spot ETF approval for $BTC is imminent. That will be historic. Two things can happen after this big approval anticipation:
-yes, it is approved: $BTC will make a big spike (and probably sell-off after the initial mania)
-no ETF-approval: the whole market will probably correct.
In both cases it's smart to have a big $BTC position. So we sold the upleg in $MATIC and we took small profits in $CRV and reinvested the proceeds in $BTC. Safer, but still fully invested in case the good news hits the markets and we go to the extreme greed-fase of this bull-leg.
Polygon (MATIC) price history shows the highest value of 2.90 USD . We recorded this price on December 27, 2021, but we cannot exclude that a higher price was registered before August 27, 2019.