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Crypto Polygon’s price rallies on Disney selection for an accelerator program

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Crypto Polygon’s price rallies on Disney selection for an accelerator program

Cryptocurrency Polygon’s MATIC value on Friday jumped over 10% to $0.70, after surging 21% on Thursday within the wake of Disney’s announcement that Polygon was one of many six firms which have been chosen for a business-development accelerator program.

“The implications for Polygon are important, on condition that it was the one blockchain supplier chosen,” Walter Teng, digital-asset technique affiliate at Fundstrat, wrote in a observe Thursday. Since Disney “hasn’t invested or constructed an in-house crypto answer, the accelerator marks its foray into the digital-asset house.”

The rally in MATIC is a uncommon bit of excellent information for cryptocurrencies, which have struggled in latest months amid Federal Reserve fee hikes to quell inflation, a souring of danger urge for food and high-profile meltdowns involving the Terra/Luna ecosystem and hedge fund Three Arrows Capital. 

MATIC itself, which was co-founded by Sandeep Nailwal and counts billionaire Mark Cuban as a mentor, is about 75% beneath its file excessive in December. However such bulletins from a blue-chip firm like Disney can elevate expectations for larger potential backing and adoption.

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“As crypto onboards its subsequent 100 million customers, it’s maybe apt to think about partnerships and mainstream publicity,” Teng mentioned.

“This 12 months’s Disney Accelerator class is concentrated on constructing the way forward for immersive experiences and makes a speciality of applied sciences resembling augmented actuality (AR), non-fungible tokens (NFTs), and synthetic intelligence (AI) characters,” Disney mentioned in a press release. The businesses chosen for the 2022 Disney Accelerator program are Flickplay, Inworld, Lockerverse, Obsess, Polygon, and Purple 6.

Polygon, which had hit an all time excessive of $2.92 on December 27, 2021, has fallen about 72% in 2022 (YTD) thus far. Polygon additionally permits different Ethereum-based initiatives to switch knowledge and tokens between each other utilizing the MATIC sidechain. The cryptocurrency is at present ranked fifteenth when it comes to market worth, as per knowledge by CoinGecko.

Polygon (MATIC) is the native cryptocurrency that powers the Polygon Community, a layer 2 platform created in 2017. Initially referred to as the Matic Community, the Polygon Community permits builders to create and deploy their very own blockchains which are suitable with the Ethereum blockchain with a single click on.

(With inputs from Bloomberg)

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What Cryptocurrency Should I Invest In? A Guide to Maximizing Returns with CryptoHeap | Bitcoinist.com

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What Cryptocurrency Should I Invest In? A Guide to Maximizing Returns with CryptoHeap | Bitcoinist.com

Cryptos are getting more popular as people want to diversify and get more returns. With thousands of them out there it’s tough to know where to begin. Virtual currency has grown so much it’s a no-brainer for those who want to diversify and earn passive income.

In this article we’ll look at the top ones to invest in and how you can use CryptoHeap.com’s staking plans to get more digital currencies.

What is Cryptocurrency?

Cryptocurrency is a virtual or digital currency that uses cryptography. Unlike traditional currencies issued by governments (like dollars or euros), cryptocurrencies are decentralized and run on a technology called blockchain.

Decentralized means no one controls it. Bitcoin, Ethereum, altcoins. All transactions are secure, transparent, and irreversible. Digital assets like Bitcoin and Ethereum are changing the face of financial products and investments.

Top Cryptocurrencies to Consider for Investing

Since there are many cryptocurrencies available, choosing the right one for investing might be difficult to determine. Here are some leading staking plans in the crypto market available on CryptoHeap you to stake crypto assets:

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Bitcoin (BTC)

  • Why invest?: Bitcoin is the first and most popular cryptocurrency. It’s a safe haven in crypto due to its age and liquidity.
  • Staking Plan: $30,000 for 30 days and earn $480 daily.

Ethereum (ETH)

  • Why invest?: Ethereum is the go-to platform for dApps and smart contracts. Ethereum 2.0 is coming and will increase scalability and staking rewards.
  • Staking Plan: $8000 for 16 days and earn $104 daily.

Solana (SOL)

  • Why invest?: Solana is known for high throughput and low fees, it’s a popular choice for dApps and DeFi projects.
  • Staking Plan: $15,000 for 25 days and earn $210 daily.

Cardano (ADA)

  • Why invest?: Cardano is known for its scientific approach to blockchain and a strong focus on security and sustainability.
  • Staking Plan: $5000 for 12 days and earn $60 daily.

Polygon (MATIC)

  • Why invest?: Polygon is a Layer 2 for Ethereum, faster and cheaper transactions. Fully interoperable with other chains.
  • Staking Plan: $1500 for 8 days and earn $16.5 daily.

Tron (TRX)

  • Why invest?: Tron is building a decentralized internet and has a strong presence in entertainment and content sharing.
  • Staking Plan: $10,000 for 20 days and earn $130 daily.

Chainlink (LINK)

  • Why invest?: Chainlink is a decentralized Oracle network that allows smart contracts to talk to real-world data. It’s used by many DeFi apps.
  • Staking Plan: $50,000 for 40 days and earn $950 daily.

Many more staking plans are available for you to make a good investment in the cryptocurrency market to gain rewards!

How to Get Started:

CryptoHeap has many staking plans to help you earn and grow your crypto. Here’s how to get started:

1. Get Register: Sign up on CryptoHeap.com and confirm your account.
2. Deposit Your Crypto: Move your chosen crypto to your CryptoHeap wallet.
3. Staking Plans: Go to staking and see the staking plans for each crypto.
4. Choose a Plan: Decide a plan that fits your investment goals and risk by comparing cryptocurrency prices. Follow investment advice available on the platform.
5. Earn: Look over your rewards on the CryptoHeap dashboard and pay attention to your investment grow.

Why Choose CryptoHeap?

By staking on CryptoHeap you get many benefits. Staking is a way to earn a passive income without having to trade actively. Your staking helps to secure the blockchain and the overall health of the network. Plus with some of the highest annual percentage yields (APYs) in the market, CryptoHeap.com’s staking plans will boost your earnings.

The platform also has full support and resources so you have all the information and help you need to make informed decisions and get maximum returns.

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Bitcoin rewards are one of the many benefits of investing in cryptocurrency. By staking Bitcoin and other digital assets on CryptoHeap.com, you can earn consistent returns and participate in the growth of blockchain networks.

Speculative investments always carry some level of risk, the potential for high rewards makes cryptocurrencies an attractive option for many investors.

Conclusion:

Investing in cryptocurrency can be fun and hard with so many choices. But making informed decisions on what to buy and how to stake for maximum returns is super cool.

CryptoHeap.com is for newbies and seasoned investors to grow their digital wealth. Easy to use, competitive staking plans and secure CryptoHeap is where you can stake any cryptocurrency and earn.

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Invest in the right cryptos and stake for maximum growth. Whether you like the established dominance of Bitcoin, the innovation of Ethereum and Cardano or the growth of Polygon, Tron, and Chainlink CryptoHeap.com has staking plans for you.

Go to CryptoHeap.com today and find out which cryptos to invest in for a fun and secure investment in the cryptocurrency market.

For more information about how to get started with CryptoHeap and make the most of the crypto summer, visit CryptoHeap.com now!

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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NFT Sales Defy Crypto Market Downturn, Rising 4.52% This Week – Market Updates Bitcoin News

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NFT Sales Defy Crypto Market Downturn, Rising 4.52% This Week – Market Updates Bitcoin News
Despite a general decline in cryptocurrency markets this week, non-fungible token (NFT) sales rose by 4.52% compared to the previous week. NFT sales totaled approximately $101,467,710 over the past seven days, with Ethereum-based digital collectibles dominating the market. NFT Landscape Shifts This week, the leading top five blockchains for NFT sales were Ethereum, Polygon, Bitcoin, […]
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Is The Bitcoin Price Correction Over? Here’s The Support Level To Watch

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Is The Bitcoin Price Correction Over? Here’s The Support Level To Watch

The Bitcoin price suffered significant bearish pressure over the past week, dragging down alongside it a large portion of the general crypto market. The premier cryptocurrency tumbled as low as $59,500 at some point in the week — its lowest in nearly two months.

While investors will be hoping that the worst is over, it is difficult to determine whether BTC is ready to resume its bullish run. In any case, a prominent crypto intelligence firm has identified a price level critical to the future trajectory of the Bitcoin price.

$56,000 The Ultimate Support Level For Bitcoin: CryptoQuant

In a recent report, the blockchain analytics platform CryptoQuant put forward an interesting prognosis for the price of Bitcoin over the coming days. According to the firm, the $56,000 price level is an important level to the future performance of the premier cryptocurrency.

The relevant indicator here is Metcalfe price valuation bands, which pinpointed resistance levels and tops in the previous cycle. However, as shown in the chart below, these bands (the red line) acted as a critical support area in May.

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NewsBTC

For context, the Metcalfe Law states that the value of a network is proportional to the square of the number of its users. Basically, this law suggests that the value of the cryptocurrency (Bitcoin) is intrinsically linked to the size and activity of its network. 

The Metcalfe price valuation bands are derived from this principle, providing a valuation framework associated with the network effect. These bands create a range of price levels that evaluate where Bitcoin should theoretically trade based on the network fundamentals.

Historically, these bands have acted as both reliable resistance and support levels in different market cycles. In recent months, the $56,000 level has been a pivot point for the indicator, providing a strong support for the Bitcoin price in May.

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According to CryptoQuant’s report, the price level might prove to be vital should the premier cryptocurrency face additional downward pressure. However, if the Bitcoin price dips below this level, the market leader could experience a major correction.

Bitcoin Price At A Glance

As of this writing, the Bitcoin price has returned to around the $60,700 mark, reflecting a 2% decline in the last 24 hours. The coin’s performance on the weekly timeframe is deeper in the red.

According to data from CoinGecko, BTC is down by more than 6% in the past week. Nevertheless, the cryptocurrency ranks as the largest asset in the sector, with a market capitalization of over $1.18 trillion.

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