Polygon

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A trading robot with a reputation for outperforming the digital asset markets is sharing its newest portfolio allocations amid the ongoing bear market.
Every week, the Real Vision Bot conducts surveys to compile algorithmic portfolio assessments that generate a “hive mind” consensus.

The bot’s latest data reveals that traders have a strong preference for Ethereum (ETH), with the majority of market participants voting to overweight their portfolios with ETH. Second place is king crypto Bitcoin (BTC), followed by Polygon (MATIC), the leading layer-2 ecosystem designed to help scale Ethereum. 
After MATIC is Ethereum competitor Avalanche (AVAX) and interoperability blockchain Polkadot (DOT). Those two coins are followed by blockchain ecosystem Cosmos (ATOM). 
“Latest results of the free RealVisionExchange crypto survey. Ethereum is still leading, but Bitcoin made it back to rank 2 followed by MATIC and AVAX. USDC isn’t favored anymore, showing participants are ready to retake more risks.”
Source: Real Vision Bot
As for the RealVision Bot’s picks, the algorithm is heavily weighed in favor of MATIC and has reduced favor for stablecoins, indicating a higher risk appetite.
“Latest allocation of the free RealVisionExchange crypto portfolio. The top 3 hasn’t changed much, but the survey participants have reduced cash exposure and are now fully risk-on again. The Bot makes a few small bets on trending tokens.”
Source: Real Vision Bot
The Real Vision Bot was co-developed by quant analyst Moritz Seibert and statistician Moritz Heiden.
Real Vision founder and macro guru Raoul Pal has called the bot’s historic performance “astonishing.” The former Goldman Sachs executive says the bot outperforms an aggregated bucket of the top 20 crypto assets on the market by more than 20%.
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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/Lotus_studio/monkographic
The post Algorithm Known for Outpacing Crypto Markets Goes Fully Risk On, Favoring Ethereum, Polygon and One ETH Rival appeared first on The Daily Hodl.


A trading robot with a reputation for outperforming the digital asset markets is sharing its newest portfolio allocations amid the ongoing bear market. Every week, the Real Vision Bot conducts surveys to compile algorithmic portfolio assessments that generate a “hive mind” consensus. The bot’s la...

dailyhodl.com

Algorithm Known for Outpacing Crypto Markets Goes Fully Risk On, Favoring Ethereum, Polygon and One ETH Rival

A crypto whale has abruptly transferred $12 million worth of the blockchain scaling solution Polygon (MATIC) as the top crypto asset flashes signs of strength.
The crypto-tracking platform Whale Alert reported the transaction and notes the large address sent 13,428,828 MATIC tokens to top US crypto exchange Coinbase.

MATIC is trading at $0.931 at time of writing. The 10th-ranked crypto asset by market cap is up 2.25% in the past 24 hours and nearly 10% in the last seven days. Despite its recent gains, MATIC still remains down by 68% from its all-time high of $2.92, which it set in December 2021.
MATIC is used to validate transactions on the Polygon platform and to settle fees needed to run the network.
In spite of the ongoing crypto winter, Polygon has had some bright spots. Crypto analytics firm Messari reports that the project has seen a 191% increase in NFT (non-fungible token) sales since the end of September. Polygon also teamed up with marquee brands, such as social media giants Meta and Reddit and coffeehouse chain Starbucks, earlier this year.
Popular crypto strategist Kaleo tells his 549,100 Twitter followers that he believes MATIC will outperform Bitcoin (BTC) in the coming days after taking out its diagonal resistance on the lower timeframe.
“We did a little manifesting and the breakout has commenced. The [resistance] is broken.”
Source: Kaleo/Twitter
At time of writing, MATIC/BTC is trading at 0.00005457 ($0.93), suggesting an upside potential of over 20% should the pair hit Kaleo’s target at 0.000066 BTC ($1.12).
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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/Stock Picture Store
The post Whale Initiates Massive $12,000,000 Polygon (MATIC) Transaction on Coinbase As Top Crypto Asset Rebounds appeared first on The Daily Hodl.


A crypto whale has abruptly transferred $12 million worth of the blockchain scaling solution Polygon (MATIC) as the top crypto asset flashes signs of strength. The crypto-tracking platform Whale Alert reported the transaction and notes the large address sent 13,428,828 MATIC tokens to top US cryp...

Whale Initiates Massive $12,000,000 Polygon (MATIC) Transaction on Coinbase As Top Crypto Asset Rebounds

This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and Dogecoin.

Ethereum (ETH)
Ethereum had a good week, with the price managing to break above the $1,220 resistance level and booking a 6.5% increase in the process. This bullish momentum is expected to continue if buyers can manage to turn the previous resistance into support.
The buying volume was good during the breakout, but a retest of $1,220 now seems likely. Should bulls be successful in defending it, Ethereum’s next target is found at $1,365. While the momentum favors buyers at this time, they will face stiff resistance from sellers considering that the market is still overall bearish.
Looking ahead, the best thing that can happen to Ethereum is to reclaim its price level from early November when it was trading around $1,600 (just before the FTX collapse). That would bring back confidence in the market, and bulls may choose to even challenge the $1,725 resistance level.
Chart by TradingView
Ripple (XRP)
XRP’s uptrend stalled this week, and the price failed to make a higher high. This is why it lost 2.6%. If this trend continues into the coming weekend, XRP could lose its momentum entirely and fall back towards $0.31, which is acting as support.
The current resistance is found at $0.45, and buyers appear to have lost their strength to even test this level after failing to move above $0.42. The volume is also decreasing, and the daily timeframe indicators are curving down.
Looking ahead, XRP could continue to consolidate just under $0.40 and build momentum for the next significant breakout. Ripple is usually accompanied by sharp volatility in short periods of time, and market participants will need to be patient during this consolidation.
Chart by TradingView
Cardano (ADA)
Cardano managed to temporarily stop the downtrend this past week when the price made a higher low. In the process, ADA kept its price at a similar level to seven days ago (or around $0.31). The big question for Cardano holders is if it can break above the resistance at $0.34.
The current buy volume is not encouraging, and ADA is suffering from a lack of interest from market participants. Nevertheless, as long as the price does not make a lower low, this could be a sign that sellers have become exhausted.
The support continues to hold well at $0.30, and it appears unlikely for ADA to retest this level at this time. The more likely scenario seems to be for buyers to attempt a break of the key resistance. Any failure there could embolden sellers to return in force.
Chart by TradingView
Polygon (MATIC)
Buyers controlled the price action in the past seven days when MATIC registered a 9.3% price increase. This uptrend is expected to continue, but the bulls will face strong resistance at $1, where the price was rejected before in the past.
The current support is found at $0.74, and MATIC has always moved higher from that point in the past few months. This also places MATIC in a large range between $1 and $0.74.
Looking ahead, MATIC may attempt another break of the key resistance at $1, but it will be a tough ask. Sellers always came back at those price levels, and they could return again, which may push the price back below this psychological level.
Chart by TradingView
Dogecoin (DOGE)
Dogecoin remains the undisputed leader this week, with a 21.7% increase. After finding strong support at 7 cents, DOGE returned to its uptrend, attracting good volume as the price increased.
However, at the time of this post, the price was rejected at 11 cents which acted as a key resistance. Should buyers fail to return to DOGE soon, then this may turn into a sharp rejection that could push it into a longer correction.
It is too early to say if DOGE will fall back to the critical support, but the price action clearly shows that buyers were eager to take their profit as soon as the price went above 10 cents. This also shows that a sustained rally for DOGE may not be possible at this time.
Chart by TradingView
The post Crypto Price Analysis Dec-2: ETH, XRP, ADA, MATIC, and DOGE appeared first on CryptoPotato.

This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and Dogecoin. Ethereum (ETH) Ethereum had a good week, with the price managing to break above the $1,220 resistance level and booking a 6.5% increase in the process. This bullish momentum is expected to continue if buyers can...

cryptopotato.com

Crypto Price Analysis Dec-2: ETH, XRP, ADA, MATIC, and DOGE

[PRESS RELEASE – Los Angeles, California, 1st December 2022]
Maincard is thrilled to announce its main net launch. The Polygon-based, NFT-powered, Web3 sports prediction game went live on Nov. 19, the day before the 2022 FIFA World Cup kicked off in Qatar.
Maincard features various novel gameplay dynamics, reimagining the Web3 gaming space. To ensure the app was ready for launch, the project has run various testnets since mid-September, which have seen more than 14,000 users from 125 countries playtest Maincard. Early project supporters have already received Maincard NFTs — required to play the game — according to the help they contributed during the development process.
Maincard enables users to earn cryptocurrency for correctly predicting the results of sporting fixtures. To play the game, users must hold a Maincard NFT.
There are two game modes: Battle and Calls. In Battle mode, players use their Maincard NFT to vote on the outcome of matches for various sports. Guessing correctly earns MainCoins, which for now, are an in-game currency only. However, several exchanges plan to list MainCoins in Q1 2023.
The number of MainCoins received for correct predictions depends on the rarity of the Maincard NFT used to vote. Each week, there are also crypto prizes for the top-three players earning the most MainCoins. First place receives 3,000 MATIC, second gets 2,000 MATIC and third place wins 1,000 MATIC.
Making bad predictions costs Maincard NFTs a life. This can reduce the number of MainCoins received for making correct calls but users can restore lives by repairing their NFTs.
In Calls mode, players face off against each other. The mode carries far greater risk because your opponent takes your Maincard NFT if you guess wrong and they guess right.
The option to merge Maincards to create more powerful NFTs adds even greater variety to the gameplay. Making consecutive correct predictions adds to a card’s winning streak. When the streak reaches a certain threshold, players can combine two of the same type Maincards to produce a new, higher-level card. Alternatively, gamers can buy more powerful Maincards on the application’s in-built marketplace.
For now, Maincard supports a limited number of sports, including soccer, basketball and League of Legends. However, the project plans to add additional sports every week.
Visit the project’s Medium post to learn more about Maincard’s gameplay.
About Maincard
Maincard is a fantasy sports platform deployed on the Polygon network. The app enables gamers to speculate on the outcome of sporting fixtures against one another, receiving rewards via cryptocurrency or NFTs for making correct predictions. The application launched its main net after thorough testing just six months after its founders came up with the idea to spur Web3 adoption via gaming. Maincard hopes its innovative game mechanics will help encourage Web3’s mass adoption among the more than five billion sports fans worldwide.
The post NFT Sports Prediction App Maincard Launches on Mainnet Ahead of FIFA World Cup 2022 appeared first on CryptoPotato.

[PRESS RELEASE &#8211; Los Angeles, California, 1st December 2022] Maincard is thrilled to announce its main net launch. The Polygon-based, NFT-powered, Web3 sports prediction game went live on Nov. 19, the day before the 2022 FIFA World Cup kicked off in Qatar. Maincard features various novel ga...

NFT Sports Prediction App Maincard Launches on Mainnet Ahead of FIFA World Cup 2022

Polygon (MATIC) posted the highest 24-hour gains today and surpassed Bitcoin and Ethereum in that department as the altcoin mounts a bounce back following the crashing effects of the FTX implosion.

MATIC is nursing a 12% intraday increase
The crypto has breached the $0.90 barrier and pushed its market cap to over $8 billion
Polygon NFT sales up by 191%

According to latest tracking from Coingecko, the cryptocurrency is changing hands at $0.94, registering an increase of 12% in its intraday performance. Over the last seven days, MATIC has pumped its value by 10%.
Among the top 10 digital currencies tracked by the online crypto information provider, Polygon was the day’s top gainer as BTC and ETH could only manage to go up by 4.9% and 7%, respectively.
Moreover, with this bullish movement, the asset managed to push its total market capitalization to $8.32 billion, registering an inflow of around $400 million from the $7.60 billion valuation it was nursing when it was trading at $0.87 just the other day.
The Signs Were There All Along For Polygon
Last week, following all the chaos that ravaged the crypto space including the collapse of FTX and the closure of many related businesses, MATIC reacted negatively and plunged all the way down to the $0.81 support level.

Source: TradingView
However, yesterday, some of the digital asset’s technical indicators such as Relative Strength Index (RSI) and 200-day Exponential Moving Average (EMA) indicated the resurgence of a bullish movement for Polygon.
Tallying an increase of 3.65% within the last 24-hours, the altcoin pulled itself back up to $0.86 and in doing so has teased a breakout above the $0.90 mark.
In addition, the cryptocurrency was able to increase its trading volume by 1.90%, further solidifying the bullish thesis of analysts that were trying to determine where its price trajectory is headed.
It turns out, the experts made the right call as MATIC is enjoying one of the best recent performances that the crypto space has witnessed so far.
It still has ways to go but with its current level, it is extremely close to hitting the psychological $1 territory.
NFT Sales Go Up By Almost 200%
One possible reason for MATIC’s impressive showing right now is the incredible growth that is being enjoyed by its NFT department.
According to information shared by crypto analytics portal Messari, since the end of September, Polygon-based NFT sales went up by 191% on its way to posting the best blockchain result by far.
This development could be attributed to the project’s integration with Starbucks and Meta (Instagram), which, according to experts, greatly helped its native token during the crypto collapse.


MATIC total market cap at $8.05 billion on the daily chart | Featured image from CTV News, Chart: TradingView.com


Polygon (MATIC) posted the highest 24-hour gains today and surpassed Bitcoin and Ethereum in that department as the altcoin mounts a bounce back following the crashing effects of the FTX implosion. MATIC is nursing a 12% intraday increase The crypto has breached the $0.90 barrier and pushed its m...

Polygon price	$0.912001
Low - High 24H	$0.902735 - $0.945174
Market cap	$8.09B
Volume 24H	$361.30M
All time high	$2.92 -68.73% December 27th 2021
All time low	$0.003144 28906.80% May 10th 2019
Genesis date	N/A

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