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Cryptocurrency News Articles
POL’s Upgrade Disappoints: Tough Road Ahead for Polygon
Sep 29, 2024 at 01:12 am
This past month has brought unexpected losses for owners of the well-known cryptocurrencies POL and Kaspa. Despite Polygon’s eagerly awaited upgrade of POL, its value has fallen by 24%. Also, Kaspa’s price has dropped by 4.66% since last week, a decline mostly due to panic selling by those who haven’t held their coins for long.
Polygon (POL) holders have faced a setback recently as the anticipated upgrade to its legacy token, MATIC, failed to lift its value. Instead, MATIC's price has declined by 24.02% over the last month, continuing a bearish trend. This upgrade was intended to help the coin regain momentum as part of the broader Polygon 2.0 initiative, but it fell short of triggering the expected recovery in its price.
Despite the project's plans for further upgrades and increased community involvement in Polygon 2.0, the lackluster results of this upgrade have left many speculating on POL's prospects in the immediate future.
In other news, Kaspa's price has dropped by 4% in the last week, while its trading volume decreased by 10.44%. According to analyst Jim (known as @Cryptographur on X), this selling pressure is primarily coming from recent buyers who have owned their assets for less than six months.
These holders tend to sell their assets quickly out of fear during market dips. In contrast, those who have been in the market longer remain hopeful as they are still seeing profits and are less likely to sell. Jim's analysis suggests that this nervous selling by newer holders has made Kaspa's price even more volatile.
Finally, BlockDAG's testnet has quickly become a hot topic in the crypto scene thanks to the project's well-structured roadmap and the stability it offers in a market known for its unpredictability.
BlockDAG's testnet is a space for technology enthusiasts to test the most advanced blockchain features available. To participate, users need to move 7,500 BDAG coins they purchased during the devnet to the testnet. This testnet showcases the capabilities of DAG technology, a system known for its superior efficiency and ability to create applications.
The remarkable speed and creative tools that BlockDAG introduces surpass those of existing competitors, enabling users to realize their most ambitious ideas.
The presale, which has reached $77 million, reflects the strong faith enthusiasts have in BlockDAG's technology and direction. Thanks to its steady advancements, many experts predict a possible 30,000x ROI within a few years. The testnet further solidifies this expectation, demonstrating the BlockDAG team's dedication to pushing the project as far as possible.
As the platform progresses along its planned path, early backers might witness extraordinary crypto returns.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- Analyst Pick of the Juiciest Memecoins Poised For Explosive Year-End Rally
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- Ripple (XRP) Price Breakdown May Be Imminent: Analyst Predicts 15% Rally Might Be in Sight
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- Jackis (@i_am_jackis), a seasoned financial expert with nearly a decade of experience in the crypto market, on September 23, 2024, offered an insightful analysis of XRP price movement
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- Solana (SOL) Network Activity Spikes 250% as Meme Coins Gain Popularity
- Sep 29, 2024 at 04:15 am
- Since the retest of the range lows at $120 on 6 September, Solana [SOL] has gained by 30% in price. At the time of writing, it was on the cusp of a two-month resistance
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- Crypto World Stirs with Excitement as Avalanche (AVAX) Gains Attention and BlockDAG (BDAG) Sets the Pace with $1M Giveaway
- Sep 29, 2024 at 04:15 am
- As the crypto world remains on the edge, major developments in popular coins are stirring excitement. Avalanche is gaining attention after Citi's
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- Bitcoin (BTC) Price Prediction: New All-Time Highs Possible as China's Economic Moves Reignite Crypto Market Interest
- Sep 29, 2024 at 04:15 am
- Markus Thielen, Head of Research at 10x Research, indicated that recent Federal Reserve rate cuts and China's stimulus measures have ignited renewed interest in the crypto market.
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- BlockDAG: The Crypto Solving Blockchain’s Big Challenge
- Sep 29, 2024 at 04:15 am
- Over the past decade, cryptocurrencies have evolved from a specialized concept to a dominant force within the global financial landscape.