Polygon (MATIC) Leads Gains Amidst Market Uncertainty

Polygon, the popular Ethereum layer-2 solution, has bagged substantial gains amidst a bearish market. Over the past 24 hours, Polygon has achieved a strong performance, recording a 4.37% gain at $0.833. The L2 protocol’s market valuation of $7.07 billion places it back in the top 12, above both DAI and Shiba Inu. Compared to its…

Short Relief Bounce For Altcoins? If Crypto Marketcap Can Do This

Cryptocurrency market capitalization could be ready to break out from the downtrend as price gears up for a short-term recovery creating more bullish sentiment for the altcoins. Cryptocurrency market capitalization looks strong on both low and high timeframes.  Cryptocurrency market capitalization prepares for a breakout on the daily timeframe after forming a descending triangle. The…

Ren Protocol Breaks Out, Is This Be A Relief Bounce?

REN price could be ready to break out from the downtrend as price gears up for a short-term recovery creating more bullish sentiment. REN looks strong on both low and high timeframes.  The price of REN breaks out on the daily timeframe after forming an descending triangle. Ren Protocol (REN) has recently shown great recovery…

What Does Puell Multiple Say About Current Bitcoin Bear?

Puell multiple is an indicator that has historically given hints about previous Bitcoin cycles, here’s what it says about the current bear market. Bitcoin Puell Multiple Has Been Going Up During The Last Couple Of Months According to the latest weekly report from Glassnode, miners are currently raking in just 63% of the revenues of…