Crypto
Cryptocurrency Polygon’s price rallies 27% in 24 hours. Here’s why
![Cryptocurrency Polygon’s price rallies 27% in 24 hours. Here’s why](https://images.livemint.com/img/2022/06/23/600x338/cryptocurrency_price_1655967542487_1655967542656.jpg)
Cryptocurrency Polygon (Matic) value in the present day rallied over 27% to $0.50 within the final 24 hours, as per CoinGecko, with the digital token up 15% previously seven days. Polygon, which had hit an all time excessive of $2.92 on Dec 27, 2021, has fallen about 80% in 2022 (YTD) to date.
The latest information of Polygon’s MATIC community claiming that it has achieved carbon neutrality has given enhance its native token’s value to advance greater.
“Polygon(MATIC), just lately achieved carbon neutrality(a stability between emitting and absorbing carbon). This has led to a surge in MATIC value in the previous couple of days, leaping up by 30%. The hourly pattern for MATIC has damaged out of the ascending triangle sample. The subsequent resistance is predicted at $0.73 degree,” mentioned Indian crypto trade WazirX’s Commerce Desk.
In a latest weblog submit, Polygon mentioned it has made a primary step towards turning into carbon destructive with the retirement of $400,000 in carbon credit representing 104,794 tonnes of greenhouse gasses, or everything of the community’s CO2 debt since inception.
The platform has pledged $20 million for a sequence of group initiatives aimed toward using Web3 to create a extra sustainable future for all, together with new options for on-chain carbon credit score retirement.
“Polygon reached carbon neutrality by partnering with KlimaDAO, a decentralized collective of environmentalists, builders, and entrepreneurs that’s widely known as a pioneer within the nascent, on-chain carbon market,” the corporate added.
Polygon (MATIC) is the native cryptocurrency that powers the Polygon Community, a layer 2 platform created in 2017. Initially known as the Matic Community, the Polygon Community permits builders to create and deploy their very own blockchains which can be suitable with the Ethereum blockchain with a single click on,
Polygon additionally permits different Ethereum-based initiatives to switch information and tokens between each other utilizing the MATIC sidechain. The cryptocurrency is at the moment ranked nineteenth when it comes to market worth, as per information by CoinGecko.
In the meantime, high cryptocurrency costs in the present day Bitcoin, ether surged over 2% greater during the last 24 hours, whereas different tokens’ had been combined. Digital belongings have been promoting off all yr together with different dangerous holdings as international central banks have shifted to climbing rates of interest to quell hovering inflation.
![](https://newspub.live/wp-content/uploads/2022/03/np-logo.png)
Crypto
Cryptocurrency: 3 Bullish July Meme Coins To Stack For Maximum Gains
![Cryptocurrency: 3 Bullish July Meme Coins To Stack For Maximum Gains](https://watcher.guru/news/wp-content/uploads/2024/07/photo_6061966079535726795_y.jpg)
Bullish July is a serendipitous term prevalent in the cryptocurrency domain. It seems that July has often been noted to usher in significant price surges for tokens such as Bitcoin and Shiba Inu, making it a “lucky” month for crypto tokens to document new highs. The phenomenon as mentioned earlier might be a random fluke, but it has now transformed into an event that investors often watch.
With the onset of July, here are the top three trending token recommendations that one should stash to earn stellar gains soon.
Also Read: Cryptocurrency: 3 Coins To Majorly Rebound This July
Bullish July Meme Coins to Stack for Robust Profits
![Three coins with lots of money](https://watcher.guru/news/wp-content/uploads/2024/05/photo_6206130371972676458_y-1024x585.jpg)
Cryptocurrency#1- Bonk
The Solana-based crypto coin BONK is now surging at an impeccable price pace, rising and peaking by 10% in the last 24 hours. According to CoinMarketCap, BONK is currently trading at $0.00002602, with prospects hinting at the token’s future price hike.
The dog-themed token was launched in 2022 and since then has grown exponentially, gaining nearly 23,674% in valuation. CoinCodex, a notable crypto analytics platform, predicts that the token may spike even more, surging to trade at levels behind 200%.
“The price of Bonk may rise by 227.72% and reach $0.00008520 by August 1, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 51 (neutral). Bonk recorded 15/30 (50%) green days with 16.81% price volatility over the last 30 days.”
The platform further states the bonk is emanating a bullish sentiment, making it a lucrative coin to hold and stash for future gains.
Cryptocurrency #2: Dogwifhat
Dogwifhat, or WIF, recently took the crypto domain by surprise by peaking and surging by nearly 58% in the last seven days, trading at $2.32 at press time. The Solana-based token is currently basking in the glory of the recent SOL ETF filings that have been lodged by financial giants Ark 21 Shares and VanEck.
According to CoinCodex, WIF may peak further, surging nearly 200% in the process. CC shares that the token may peak to trade at a new ATH of $7 by the end of July 2024.
“The price of Dogwifhat may rise by 228.25% and reach $7.38 by August 1, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 51 (neutral). Dogwifhat recorded 12/30 (40%) green days with 21.62% price volatility over the last 30 days.”
The technical indicators also categorize WIF as coin trading in the bullish realm. This makes WIF a suitable crypto coin to explore in the long run.
Cryptocurrency #3: Shiba Inu
The Shiba Inu Ecosystem is currently undergoing massive changes. For instance, the latest tweet by Shytoshi Kusama, Shiba Inu tech lead, has spurred a major shift in space. Kusama has teased his personality reveal in the upcoming IVS2024 event in Kyoto, Japan, a development that has sent shivers of excitement within the Shiba inu community.
At the same time, the token is known to make the most out of the bullish July phase, basking in the after-effects of the phenomenon by trading at higher price levels each July.
According to CoinCodex, SHIB may initially display a bearish sentiment. CC predicts the token will surge by 60% by July 9, 2024.
Also Read: Shiba Inu: Bullish July To Help SHIB Heal & Hit $0.000375, Here’s How?
“The Shiba Inu price forecast for the next 30 days is a projection based on the positive and negative trends. SHIB will be changing hands at $0.00002822 on July 9, 2024, gaining 64.80% in the process.”
Crypto
Top Bitcoin Price Predictions: Can BTC Reach $150,000 This Year?
![Top Bitcoin Price Predictions: Can BTC Reach $150,000 This Year?](https://s.tradingview.com/static/images/illustrations/news-story.jpg)
TL;DR
BTC is Yet to Make the Headlines?
Despite the downfall in the past month, 2024 has so far been quite successful for the primary cryptocurrency, whose price hit an all-time high of over $73,000 in mid-March. Some analysts and prominent figures believe the asset might reach new impressive peaks before the end of 2024, with Tom Lee being one example.
The American entrepreneur reiterated his prediction that BTC could rally to $150,000 in the following months. Lee claimed that the asset’s valuation has been negatively affected lately due to the issues related to the now-defunct crypto exchange Mt. Gox.
The once-leading platform suspended operations a decade ago and filed for bankruptcy protection. It also lost approximately 850,000 BTC due to hacking and alleged mismanagement. Most recently, the court-appointed trustee overseeing the exchange’s bankruptcy proceedings announced that the company will begin paying back thousands of users almost $9 billion worth in assets.
“Bitcoin’s probably been suffering from the Mt. Gox which was a huge overhang for many years. But if I was investing in crypto and knowing that one of the biggest overhangs is going to disappear in July, I think it’s a reason to expect a pretty sharp rebound in the second half. So, I think $150K is still within,” Lee said.
It is worth mentioning that the American has not always been spot-on with his crypto forecasts. At the end of 2020, hepredictedthat Bitcoin’s price could tap $120,000 in 2021. The asset experienced a substantial bull run that year but could not exceed the $70K level.Other Bets
Numerous cryptocurrency analysts touched upon BTC’s price lately, envisioning a rally if the asset surpasses certain resistance levels. The X user Jelle claimed that Bitcoin’s “local market structure continues to improve,“ adding that a sustained trading above $61,500 could lead to a “test of that $65,000 area.“
“Break that, and we’re off to the races,“ the analyst suggested.
Michael van de Poppe gave his two cents, too. He believes BTC could settle at the $61,000-$61,500 support zone and rise above $67K this month.
#Bitcoin is looking for a higher low and support. It seems very likely that we’ll be looking at the $61-61.5K area.
A slow grind upward is what I’m expecting for the markets in July. pic.twitter.com/LHnXTydh8P
— Michaël van de Poppe (@CryptoMichNL) July 2, 2024
Crypto
Top 8 Cryptocurrency Wallets For Your Digital Assets In 2024
![Top 8 Cryptocurrency Wallets For Your Digital Assets In 2024](https://usethebitcoin.com/wp-content/uploads/2024/06/Firefly-20240627151200-1024x585.png)
In no particular order, here are the top eight hardware and software cryptocurrency wallets for 2024:
Ledger
Ledger offers multiple hardware wallet models, with the most popular being the Ledger Nano S Plus and the Ledger Nano X.
These devices store the private keys for your cryptocurrencies offline and keep them safe. They can also be connected to a computer, allowing users to buy, sell, swap, and manage their crypto holdings.
If you want a more sophisticated kind of hardware wallet, you are in for a treat! Ledger recently announced their brand new hardware storage device called the Ledger Stax.
The Stax features a curved touchscreen made from e-ink, which is easy on the eyes and allows you to personalize the lock screen with your favorite picture or non-fungible token. The device also boasts the most extensive display among Ledger’s leading devices, with a 3.7-inch touchscreen and a resolution of 400 x 672 pixels.
While you can’t grab a Ledger Stax just yet, pre-orders are available on the Ledger website and at some authorized retailers.
Trezor
Trezor hardware wallets are known for their user-friendly design and top-notch security. They function as secure storage solutions for cryptocurrencies, similar to a physical vault for digital assets.
Trezor offers three models to cater to different user preferences:
- Trezor One – This is the most affordable and beginner-friendly option. It features a button-based interface and a smaller screen, making it a good choice for those prioritizing cost-effectiveness and ease of use.
- Trezor Model T – This more advanced model boasts a touchscreen display and faster processing power, offering a smoother user experience. It also caters to users who value additional functionalities like password management and two-factor authentication.
- Trezor Safe 3 – This latest addition to the Trezor family is a versatile vault designed for crypto and physical asset security. It features a touchscreen display, a larger storage capacity, and the ability to connect to a smartphone app for added convenience.
Tangem
Ever wished there was a way to store your cryptocurrency in a wallet the size of a credit card but with the security of a high-tech vault? Well, the Tangem wallet might be for you.
Tangem is a unique hardware wallet designed to look and feel like a regular credit card. But don’t be fooled by its sleek design! This wallet packs a powerful punch when it comes to security.
The wallet stores your cryptocurrency’s private keys on a secure chip. These keys are generated during activation and never leave the card, providing strong protection against digital theft.
If you want to purchase the Tangem Wallet, use our referral link or discount code to save money on your order. You can get reductions of up to 10% off the initial price!
Bitkey
Bitkey is a Jack Dorsey-backed crypto hardware wallet that features a hexagonal-shaped hardware device and a set of recovery tools that can be used to recover users’ assets in case they lose their hardware wallet or phone.
Bitkey began development in 2021 by Block Inc. (formerly known as Square) and was beta-tested in 40 countries in June 2023, along with Coinbase and Cash App partnerships. It was launched for pre-orders in December 2023 and started shipping recently in March 2024.
Note that Bitkey is intended for Bitcoin only, meaning it only supports BTC and not other cryptocurrencies. If you only invest in Bitcoin and are looking for a secure way to store it yourself, then Bitkey could be an excellent wallet to consider.
MetaMask
MetaMask has been a popular name in the crypto space since its launch in 2016. The wallet is recognizable by its signature fox logo, which follows your cursor on the screen.
It is a free and open-source hot wallet that allows you to store ETH and other tokens built on the Ethereum blockchain, which are generally known as ERC-20 tokens.
Notably, the wallet primarily functions as a gateway to the world of decentralized applications, allowing you to connect to them securely through your web browser or a mobile app.
Trust Wallet
Trust Wallet is a popular mobile and browser extension cryptocurrency wallet known for its user-friendly interface and support for many cryptocurrencies and tokens. It was founded in 2017 by Viktor Radchenko, who served as CEO until it was acquired by Binance in July 2018.
Recently, Trust Wallet underwent a significant rebranding to make the Web3 experience more accessible to everyday users.
Moreover, the wallet prides itself on being a secure gateway to the world of Web3. With over 122 million users worldwide, it is currently one of the leading self-custody multi-chain platforms available.
Rabby Wallet
Rabby Wallet is a multi-chain Web3 wallet for users interacting with decentralized applications built on the Ethereum blockchain and EVM-compatible blockchains.
The wallet supports many blockchains, including Ethereum, Polygon, Arbitrum, Optimism, and many more. The platform can even automatically switch to the correct chain when interacting with a dApp, making it a convenient option for DeFi users who frequently switch networks.
As a game-changing wallet for EVM-compatible blockchains, the platform is known for its user-friendly interface, which makes navigating and managing your digital assets fast and easy.
Rainbow Wallet
Rainbow Wallet is a popular cryptocurrency wallet explicitly designed for the Ethereum blockchain and its associated tokens. Similar to Rabby, Rainbow is known for being a user-friendly and secure platform, making it a good fit for both beginners and experienced crypto users.
Experience crypto in color with the platform’s visually appealing and intuitive interface, making it easy for newcomers to navigate the crypto space. At the same time, it provides powerful features for experienced users, allowing them to manage their assets efficiently.
Final Thoughts
Learning about the most popular hardware and software crypto wallets in the space today can significantly enhance your knowledge in protecting the security of your crypto holdings, especially if you value long-term investment and control over your digital assets. By carefully researching thoroughly, you can choose the best hardware and software wallets that suit your specific needs!
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