Investing in cryptocurrency has been gaining popularity ever since Bitcoin’s genesis back in 2009. While initially, the cryptocurrency sector was flooded with people trying to make a quick buck through a few speculative trades, the time frame of most crypto investments has been gradually shifting toward the long term as the sector matures.
The Polygon network underwent a hard fork on Tuesday aimed at alleviating gas spikes that come from sudden increases in transaction volume.
Cryptocurrency markets saw considerable upswing in the 2nd week of 2023, which has caused the total market capitalization of the sector to climb from $848 billion to over $1 trillion (an increase of more than 18% in a single week). The upswing was led by SOL (Solana), which gained more than 70% last week, but BTC, ETH and ADA also had an outstanding week in terms of price performance as all three coins appreciated by over 20%. Does this small bull-run mark the beginning of a reverse in the long-term market trend? Well, we don’t know about that, but one thing is for sure; cryptocurrency investors are starting to feel a bit more optimistic again.
The Polygon team has announced plans for an upcoming mainnet hard fork that aims to improve the performance of the Proof-of-Stake (PoS) blockchain.
The year 2022 was mostly unremarkable for alternative cryptocurrencies, but 2023 may very well be a totally different story altogether. There is a significant amount of untapped potential in cryptocurrencies that have just started or are anticipated to emerge in the near future. Because of the one-of-a-kind use cases and designs that these new initiatives implement, they have a great potential to become widely adopted in the near future, particularly low supply crypto tokens. Cryptocurrency investors who are looking for tokens that are presently flying under the radar may find this to be an extraordinarily profitable opportunity.
Avalanche (AVAX) and Polygon (MATIC) are two of the mighty crypto coins that could provide long-term stability. But with the current FTX market decline, such advancements from the networks have been delayed. As a result, investors are purchasing the new safe harbor asset The Hideaways (HDWY) to acquire better stability.
Cryptocurrencies have gained prominence in recent years. It can be challenging to pick the best cryptocurrencies to invest in. Fortunately, we did our homework and discovered a currency that will revolutionize how individuals engage in cryptocurrencies.
Key highlights: Web3 sports predictions platform Pooky is launching its free-to-play public beta Pooky aims to provide players an entertaining sports prediction experience, while avoiding the risks of traditional gambling platforms Holders of Pookyball NFTs can make predictions and earn points Pooky is launching its public beta, players will be able to predict FIFA World…
Social media giant Meta announced today a number of non-fungible token (NFT) focused updates for its photo and video-sharing platform Instagram.