Polygon

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Google Cloud has recently extended support to 11 additional blockchain networks. Polygon, Optimism, Polkadot, and more were incorporated within its BigQuery program for public datasets. 



This initiative roots back to February 2018 when Google Cloud made Bitcoin blockchain data accessible through BigQuery. The saga continued, adding ten more networks like Ethereum, Litecoin, and Dogecoin to the venture.



Google Cloud Supports More Blockchains



BigQuery, described as a “serverless and cost-effective enterprise data warehouse” by Google, is crafted for “practitioners of various coding skills.” It alleviates the hurdles of accessing historical data from an off-chain provider, marking a faster pace than direct blockchain querying.



Despite the ongoing “crypto winter” market sluggishness, this advancement by Google Cloud resonates with its steadfast engagement in blockchain technology. 



Read more: Google Moves Deeper Into Blockchain With LayerZero Deal



James Tromans, the global head of Web3 at Google Cloud, affirmed the firm has been investing, hiring, and growing its business and engineering in this industry. Subsequently showcasing a committed stance rather than a fleeting interest.




“We’re doing this because blockchain foundations, Web3 analytics firms, partners, developers, and customers tell us they want a more comprehensive view across the crypto landscape, and to be able to query more chains,” Tromans said.




Among the newly added blockchains are Avalanche, Arbitrum, Cronos, Ethereum (Görli), Fantom (Opera), Near, Optimism, Polkadot, Polygon Mainnet, Polygon Mumbai, and Tron. Notably, it also included the Ordinals project support in the Bitcoin BigQuery dataset, expanding the scope of BigQuery and fortifying its dataset.



Accordingly, the driving force behind this strategic move is the growing demand from blockchain foundations, Web3 analytics firms, developers, and customers for a more “comprehensive view across the crypto landscape.” 




“[Users] want to answer complex questions and verify subjective claims such as ‘How many NFTs were minted today across three specific chains?’ ‘How do transaction fees compare across chains?’ and ‘How many active wallets are on the top EVM chains?’ Having a more robust list of chains accessible via BigQuery and new ways to access data will help the Web3 community better answer these questions and others,” Tromans added. 




Read more: Why Google’s Generative AI Can Transform Crypto Marketing



Incorporating these in-demand chains into BigQuery transcends a crucial milestone in making on-chain data effortlessly accessible off-chain.
The post Google Cloud Adds Support for Polygon, Optimism, Polkadot, and More appeared first on BeInCrypto.


Google Cloud furthers its blockchain engagement by adding 11 more networks to BigQuery, responding to the growing demand for comprehensive crypto data accessibility and analysis.
The post Google Cloud Adds Support for Polygon, Optimism, Polkadot, and More appeared first on BeInCrypto.


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Google Cloud Adds Support for Polygon, Optimism, Polkadot, and More


The Polygon (MATIC) price is attempting to move above a long-term descending resistance line.



Whether the price breaks out or gets rejected can have a significant impact on the future trend’s direction.



Polygon Price Attempts Breakout From Resistance



In the daily timeframe analysis of MATIC, we observe that its price has fallen below a descending resistance line since February 28, when it reached its highest point of the year at $1.57. During this decline, MATIC broke down from the $0.60 support level and confirmed it as resistance on August 29 (red icon).



        
          
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This validation also marked the last touch on the descending resistance line, suggesting a bearish trend. However, the cryptocurrency has regained its footing and is currently making a breakout attempt. If MATIC’s price manages to break above this line, there is potential for a 60% increase, reaching the $0.85 resistance level. Conversely, if it faces rejection again, a 35% drop to the nearest support level at $0.35 could be anticipated.



MATIC/USDT Daily Chart. Source: TradingView



Despite the prevailing bearish sentiment in price action, the daily Relative Strength Index (RSI) is signaling a potential shift towards a bullish trend. Traders use the RSI to gauge momentum and determine if a market is overbought or oversold, guiding their decisions on buying or selling assets. An RSI reading above 50 in an uptrend is favorable for bulls, while a reading below 50 suggests the opposite.



Although the RSI is currently below 50, it is on the rise. More importantly, it has exhibited significant bullish divergence (green line). 



This divergence occurs when an increase in momentum accompanies a decrease in price. Typically, it precedes bullish trend reversals, and in MATIC’s case, it could lead to a breakout from the long-term descending resistance line.



        
          
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MATIC Price Prediction: Will Short-Term Breakout Catalyze Increase?



A look at the shorter-term six-hour timeframe gives conflicting readings. 



On the bullish side, the price broke out from a descending wedge which had been in place since the beginning of the month. Such breakouts are signs of a bullish trend and usually lead to significant increases. 



On the bearish side the price fell below the $0.53 horizontal area instead of validating it as support. 



The $0.53 area is crucial since it has intermittently acted as both support and resistance since August 21. Therefore, whether the price reclaims it or fall below it will be key in determining the future trend. 



The six-hour RSI is right at 50, a sign of an undetermined trend for the cryptocurrency.



MATIC/USD Six-Hour Chart. Source: TradingView



Therefore, the future MATIC price prediction will be determined by whether Polygon reclaims the $0.53 area or falls below it. Since reclaiming the area would also cause a breakout from the long-term resistance line, this could cause a 60% increase. However, a 35% drop is expected in case of a rejection.



        
          
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For BeInCrypto’s latest crypto market analysis, click here.
The post Here’s What This Polygon (MATIC) Price Pattern Can Tell About the Future Trend appeared first on BeInCrypto.


The Polygon (MATIC) price trend will be bullish if the price breaks out from its bullish pattern.
The post Here&#8217;s What This Polygon (MATIC) Price Pattern Can Tell About the Future Trend appeared first on BeInCrypto.


Here’s What This Polygon (MATIC) Price Pattern Can Tell About the Future Trend

Official Pokemon cards in the form of non-fungible tokens (NFTs) are being minted over Polygon (MATIC), taking the layer-2 scaling solution by storm.
In a lengthy thread on the social media platform X, digital asset consultant S4mmy.eth says that digital card boosters of the popular Nintendo franchise are being opened over the MATIC blockchain and have already sold out by the hundreds, some of them seeing 10x increases in price.

According to S4mmy.eth, the booster packs are randomized and initially cost $5 each, some of them containing high-grade cards that could be worth about $500.
“Each pack cost $5 and had a chance of receiving one of any of the pre-disclosed cards. The randomization is executed fully on chain for transparency. 
Possible cards included PSA9 graded cards from 2000 with valuations of $500.” 
To purchase the packs, investors can use either the stablecoin USD Coin (USDC) or a credit card. However, S4mmy.eth says that the packs now have a floor of around $50.
“To buy the packs you could either use USDC on Polygon or pay with a credit card. Anybody with zero crypto knowledge could acquire the packs… 
The floor is now at $50 – a solid 10x from the mint price.” 
According to the consultant, the digital cards could create a new system involving the physical ones – one that flips the script on classic trading card collecting.
 “This poses the question: Why open a physical and go through the grading/shipping/digitization? 
Opening a digital pack online, and then redeeming it at PSA9 graded (or maybe 10) makes a lot more sense. 
Reverse engineer the historical model with enhanced security.”
MATIC is trading for $0.527 at time of writing, a 2.8% decrease during the last 24 hours.
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The post Gotta Catch ’Em All – Official Pokemon NFT Trading Cards Take Polygon (MATIC) by Storm appeared first on The Daily Hodl.


Official Pokemon cards in the form of non-fungible tokens (NFTs) are being minted over Polygon (MATIC), taking the layer-2 scaling solution by storm. In a lengthy thread on the social media platform X, digital asset consultant S4mmy.eth says that digital card boosters of the popular Nintendo fran...

dailyhodl.com

Gotta Catch ’Em All – Official Pokemon NFT Trading Cards Take Polygon (MATIC) by Storm

Details have been released about Polygon’s upcoming upgrade, Polygon 2.0. The company, known for its Ethereum scaling solutions, has introduced a few Polygon improvement proposals (PIPs) as part of its shift to a network of interconnected zero-knowledge-powered chains.
Polygon 2.0 Unveiled in 3 PIPs
According to the announcement, Polygon 2.0 focuses on scalability and interoperability by implementing zero-knowledge (ZK) technology. The intent of the upgrade is to transition Polygon into a network resembling the structure of the Internet. This network of ZK-powered chains seeks to enhance Ethereum’s capacity without compromising its security.
“Three Polygon Improvement Proposals (PIPs) were released that lay out the specific changes that, following community endorsement, will begin to take place in early Q4 of this year,” the update details.
The initial proposals concentrate on modifications to Polygon’s current Ethereum contracts, aiming to prevent inconvenience for users and developers. Key changes include transitioning the native token from MATIC to POL and introducing a Staking Layer for validators.
Polygon developers note that the primary objective is to expand Ethereum block space in a manner similar to the network structure of the internet. Polygon believes that with ZK technology, Ethereum block space can potentially match the expanse of the internet.
The PIPs include:

PIP-17: Polygon Ecosystem Token (POL)
PIP-18: Polygon 2.0 Phase 0
PIP-19: Update Polygon PoS Native Token to POL

In the past month, Polygon’s MATIC token has declined more than 10% against the U.S. dollar and 4% in the last two weeks. MATIC ranks 14th among more than 10,000 cryptocurrency assets, with a market capitalization of about $4.81 billion.

Regarding decentralized finance (defi), the total value locked (TVL) in Polygon stands at $773.13 million, spread across 474 defi protocols. With the upcoming transition to POL, users will have the opportunity to swap MATIC for POL at a 1:1 rate. Polygon’s recent statement about the Polygon 2.0 transition indicates that the upgrades will be implemented in phases, rather than all at once.
What do you think about the Polygon 2.0 upgrade? Share your thoughts and opinions about this subject in the comments section below.


Details have been released about Polygon’s upcoming upgrade, Polygon 2.0. The company, known for its Ethereum scaling solutions, has introduced a few Polygon improvement proposals (PIPs) as part of its shift to a network of interconnected zero-knowledge-powered chains. Polygon 2.0 Unveiled in 3 P...

news.bitcoin.com

From MATIC to POL: Polygon’s 2.0 Upgrade Targets Internet-Level Scalability

At the Token2049 conference in Singapore, Astar Network revealed it is joining forces with Polygon Labs to launch Astar zkEVM, a new Ethereum layer two scaling solution utilizing zero-knowledge proof technology. The collaboration aims to drive greater adoption of Web3 applications in the Japanese market and beyond.
Astar and Polygon Launch zkEVM for Japan’s Web3 Rise
The announcement details that the partnership combines Astar‘s experience working with major Japanese companies like Sony and Toyota with Polygon‘s highly scalable zk-powered infrastructure. Together, the teams plan to create an optimal platform for launching blockchain initiatives in Japan, where government leaders have voiced support for Web3 innovation.
“As it stands today, Asia is one of the most forward-thinking regions in the world when it comes to Web3 adoption, and we are delighted to help Japan’s blockchain sector grow even faster via our collaboration with Astar,” said Polygon co-founder Sandeep Nailwal about the new venture.
Astar zkEVM aims to serve as a versatile solution for global enterprises looking to implement blockchain technology, acting as an entry point for international entertainment and gaming projects in Japan. The Ethereum L2 (layer two) system allows Astar to expand into the Ethereum ecosystem by incorporating advanced zero-knowledge proofs.

Sota Watanabe, the founder of Astar Network, says this lowers barriers for developers and end-users and aligns with Astar’s goal of driving mass adoption in Japan’s growing Web3 space. Watanabe believes Astar zkEVM can provide attractive features like equivalence to the Ethereum Virtual Machine and enhanced security. Integration with existing Ethereum tools also streamlines onboarding new users, the partnership announcement notes.
“Working closely with Polygon Labs, Astar will also help foster unique and iconic use cases in Japan and beyond to enable enterprises to kickstart their blockchain initiatives, strengthening Japan’s role as the epicenter of the Web3 movement,” Watanabe stated.
What do you think about Astar and Polygon partnering to launch a new scaling solution? Share your thoughts and opinions about this subject in the comments section below.


At the Token2049 conference in Singapore, Astar Network revealed it is joining forces with Polygon Labs to launch Astar zkEVM, a new Ethereum layer two scaling solution utilizing zero-knowledge proof technology. The collaboration aims to drive greater adoption of Web3 applications in the Japanese...

Polygon price	$0.519277
Low - High 24H	$0.519167 - $0.522535
Market cap	$4.84B
Volume 24H	$71.30M
All time high	$2.92 -82.18% December 27th 2021
All time low	$0.003144 16426.88% May 10th 2019
Genesis date	N/A

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