Polygon

Get Polygon (MATIC) all time high price, historical charts, latest news and other information.

Operated by DeFi lender Aave, its decentralised social media platform, Lens Protocol has gone live on the Polygon blockchain mainnet.
Lens Protocol was first introduced in February 2022. Aave decided to introduce Lens Protocol as a decentralized competitor to Twitter and Facebook. Lens Protocol is a network which is used to build decentralized social media and has gone live on the Polygon blockchain.
The social media platform is similar to Twitter however, Lens profiles are linked to Non-Fungible Tokens which can then be ported to decentralised applications.
According to reports, close to 50 applications were brought to the fore on the Lens Protocol platform.  Apps include Lenster, Lens Booster, SpamDAO, GoldenCircle, PeerStream, Swapify, Social Link to name a few.
Stani Kulechov, CEO And Founder Of Aave Wants A Better Social Media Experience
The thought behind creating the platform was to facilitate a social media platform that will allow decentralisation of the content ownership and user accounts with a help of a blockchain network.
Traditional social media accounts function through the help of email-ids and the system of unique usernames.
Lens Protocol is different because the latter uses crypto addresses and Non-Fungible Tokens (NFTs) for authentication and monetisation.
Due to this particular feature, the users rather than centralised company is in control of the content and personal data which are associated with the user accounts.
Often centralised social media have the right to suspend and terminate accounts permanently without an explanation.
Recently, the CEO of Aave faced a similar issue with Twitter after his account was suspended owing to a particular tweet.
Right after this suspension, he took the issue into consideration and had decided to come up with the decentralised social media platform.
He stated,
The social media experience has remained relatively unchanged for the last decade, and much of that is due to your content being solely owned by a company, which locks your social network within one platform
Related Reading | Aave To Introduce A Decentralized Social Media Platform Built On Polygon
Polygon In Alignment With Aave’s Vision
Aave CEO also noted that the ownership over content created has been missing and is in fact, “long overdue”. In accordance with the aforementioned idea, co-founder of Polygon, Sandeep Nailwal, agreed with the importance of ownership of content.
Polygon also is of the similar notion that there has to be “secure content ownership”. Aave had also additionally launched a $250,000 grants program which will fund the projects that will build decentralized applications (dapps) on Lens.
Barring the social media DApps, the liquidity market protocol creators have also targeted to use nonfungible token (NFT) technology alongside the Lens’ open-source blockchain technology which will allow developers to create marketplaces, with algorithm suggestions and recommendations along with other applications.
Aave had begun developing a decentralized social media platform, but had finally decided to build on Polygon mainnet rather than Ethereum’s mainnet.
Related Reading | How Polygon Studios Captures Web2 Talent, Hires Staff From Amazon, EA And Others
Bitcoin was priced at $30,000 on the one day chart | Source: BTCUSD on TradingView


Operated by DeFi lender Aave, its decentralised social media platform, Lens Protocol has gone live on the Polygon blockchain mainnet. Lens Protocol was first introduced in February 2022. Aave decided to introduce Lens Protocol as a decentralized competitor to Twitter and Facebook. Lens Protocol i...

bitcoinist.com

Operated By Aave, Lens Protocol Finally Goes Live On Polygon Blockchain

Participants of the accelerator program will get funding, mentorship and market exposure through the platform DeFi.org.  

cointelegraph.com

Polygon partners with Orbs and DeFi.org to launch an accelerator program

The announcement comes a month after Aave founder Stani Kulechov gets suspended from Twitter for his joke about being the interim CEO of the social company.  

Aave launches open-source platform for social networking DApps on Polygon

Widely followed crypto analyst Michaël van de Poppe says the markets are bouncing back after a rough week, starting with Bitcoin (BTC).
Analyzing the top crypto asset by market cap, Poppe predicts BTC bumping back up to the $34,000 range is possible soon.

“Bitcoin held the crucial level, which is great. 
Looking to see whether it can sustain above $29,700-30,000.
If so, then a test at $32,700 and potentially $34,000 is possible.”
Source: CryptoMichNL/Twitter
The analyst says a continuation is likely for Bitcoin, trading for $30,716 at time of writing, with one caveat.
“Depending on the US markets, but continuation seems likely here for Bitcoin.”
Source: CryptoMichNL/Twitter
Van de Poppe turns his attention to Dogecoin (DOGE), which has been playing dead alongside the rest of the crypto markets for weeks. The crypto analyst says the dog-themed memecoin is finally ready to come up.
“Time to go up for DOGE too.”
Source: CryptoMichNL/Twitter
Looking at Ethereum (ETH)-rival Cardano (ADA), he expects the falling altcoin to bounce back from its next support.
“Well, ADA didn’t hold at $0.68 and is currently down 87%.
The next support around $0.38-0.40 is the one the markets bounced from. 
From here to previous support is already a 2x.”
Source: CryptoMichNL/Twitter
Cardano is trading for $0.57 at time of writing, up 25% over the last 24 hours.
Looking at Ethereum scaling solution Polygon (MATIC), the trader foresees the layer-2 altcoin testing the $1 range if BTC can hold $30,000.
“Would not be surprised if MATIC is going to test $1 in the coming days/weeks if $BTC reclaims $30,000.
In the markets; always we’ll be having opportunities.
The percentage gains and possibilities are unlimited at this point.”
Source: CryptoMichNL/Twitter
Polygon is currently trading for $0.73, up 28% over the last 24 hours.
Van de Poppe looks last at the Fantom (FTM) protocol, a crypto asset that the trader thinks could nearly double in price before hitting any resistance.
“Seems that we’re seeing that relief rally across markets at this point.
For FTM, continuation towards $0.68 seems likely before we hit the first real resistance.
All in all, volatility will remain high, but probably we’re in a new accumulation period.”
Source: CryptoMichNL/Twitter
Fantom is trading for $0.37 at time of writing, up 28% over the last 24 hours.
Check Price Action

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox 

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines



 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.



Featured Image: Shutterstock/Ormalternative/karnoff/PurpleRender/Mingirov Yuriy
The post Bitcoin and Crypto Markets Pop – Here’s What’s Next for BTC, Dogecoin, Cardano, Polygon and Fantom, According to Michaël van de Poppe appeared first on The Daily Hodl.


Widely followed crypto analyst Michaël van de Poppe says the markets are bouncing back after a rough week, starting with Bitcoin (BTC). Analyzing the top crypto asset by market cap, Poppe predicts BTC bumping back up to the $34,000 range is possible soon. &#8220;Bitcoin held the crucial level, wh...

dailyhodl.com

Bitcoin and Crypto Markets Pop – Here’s What’s Next for BTC, Dogecoin, Cardano, Polygon and Fantom, According to Michaël van de Poppe

MATIC has rebounded sharply after testing the July 2021 support level, borrowing further upside cues from Polygon's partnership with Meta.

Polygon price	$0.656397
Low - High 24H	$0.636279 - $0.657462
Market cap	$4.51B
Volume 24H	$245.83M
All time high	$2.92 -77.47% December 27th 2021
All time low	$0.003144 20795.71% May 10th 2019
Genesis date	N/A

Recently viewed

Trending

Polygon (MATIC)

Performance

Polygon News

Quick stats