YEREVAN (CoinChapter.com) – Polygon integration took off in 2021, and MintGate was the latest addition to the internet of blockchains. In detail, MintGate is a “NoCode Store builder” for exclusive video, audio, ticket & link NFTs. The platform aims to build a “home for your community” in the Metaverse and provide a platform to tokenize any content with NFT technology.
MintGate tweeted the news on Jan 25, noting that users can contact the platform’s support should they have any questions about the deployment.
🚨Exciting News!🚨
The MintGate team is LIVE with our Polygon Integration!
Moreover, Polygon token could benefit from the newly-appointed CEO, Ryan Wyatt, the former head of gaming at YouTube. The executive called his departure from YouTube “bittersweet” and asserted he was “elated” about the new position.
It is bittersweet news to share that I am leaving @YouTube.
I have loved every minute of my time here, but it is time for my next endeavor.
I am elated to announce that I will be joining @0xPolygon ($MATIC) as their CEO of Polygon Studios.
In hindsight, Polygon Studios is the newest addition to the ecosystem, which focuses on gaming, NFTs, and “facilitating a hotbed for digital culture.”
In my role at Polygon Studios, I will be focused on growing the developer ecosystem through investment, marketing, and developer support and bridging the gap between Web2 and Web3. I’ll be leading the Polygon Studios organization across Gaming, Entertainment, Fashion, News, Sports, and more.
MATIC flashed bearish formations on the daily and the weekly charts. In detail, the price action on the daily chart formed a Head and Shoulders. The latter features three consecutive tops, with the middle one (Head) higher than the other two (Shoulders). In addition, a mutual base (Neckline) connects the bottoms of the Head and the Shoulders.
Hence, the digital asset confirmed the formation on Jan 20 and dropped below the neckline, grabbing onto the support at $1.50. In fact, Crypto analyst and the CEO of Eight Global Michael Van de Poppe commented on the support line and pointed out that the next resistance would lie at $1.90.
MATIC’s weekly chart didn’t look very optimistic either. In detail, the digital asset traded in a Rising wedge for the previous nine months. However, MATIC broke down from the Wedge’s support in the previous week, confirming the bearish prognosis.
In retrospect, the Rising Wedge is a reversal pattern that constricts the price action between two converging trendlines with a positive slope. Once the token falls below the support, it could enter a bearish phase, with more losses ahead.
However, the MATIC token remains dependent on Bitcoin (BTC) and the crypto-happenings on a larger scale. Therefore, keeping an eye on Bitcoin movements in the upcoming weeks could shed more light on the Polygon price action.
Meanwhile, the analytical platform Santiment stated that Polygon takes the gold as the ‘Strong and Oversold’ token with the most appealing fundamentals.
📊 On our 'Strong & Oversold' screener, we're seeing some large caps with still very appealing fundamentals compared to their current price levels.
Lilit is a Yerevan-based Markets writer, skilled in 3 languages, and interested in writing about the tech world, trading, art, and science. She also has a background in psychology and marketing, which helps deliver the right message to the target audience.
YEREVAN (CoinChapter.com) – The CryptoG Group CTGX crypto or token was the new talk of the town, and announced...
Our Partners
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.