Daily Crypto News- Polygon (MATIC) Has Surpassed Ethereum’s Daily Active Addresses for the First Time in History

Polygon (MATIC) has surpassed Ethereum's daily active addresses for the first time in history Known more

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Polygon (MATIC) has surpassed Ethereum’s daily active addresses for the first time in history.

 Polygon (MATIC), an Ethereum scalability solution and blockchain platform, has reached a significant milestone today. For the first time in history, the total number of daily active addresses on Polygon has topped the total number of daily active addresses on Ethereum.

BTC Holds Above $40,000 as Consolidation Takes Priority

Bitcoin(BTC) price is solidly in the demand zone above $40,000, bolstered by the 100-day simple moving average. The IOMAP on-chain model reveals massive resistance and support levels, implying that BTC’s consolidation will remain longer. The cryptocurrency’s flagship appears to be stuck between a rock and a hard place.

Cardano’s ‘slow and steady’ Project Catalyst now has moreover $1 billion in assets

Unlike Bitcoin, which has a limited coin supply, and Ethereum, which now burns Ether, Cardano(ADA) does not burn ADA. In fact, IOHK CEO Charles Hoskinson has been vehemently opposed to the proposal. In such a case, another technique was required to motivate the Cardano community to identify ecosystem concerns and propose remedies.

Even as the price of Bitcoin declined, this major trading algorithm identified positive altcoin situations

Between September 18 and September 25, the top 100 altcoins lost up to 14.4% of their total value, while Bitcoin (BTC) lost 12.5%. The number of altcoins with double-digit returns was also relatively low. According to statistics from Markets Pro, Cointelegraph’s subscription-based data analytics platform, just eight assets out of hundreds tracked gained more than 10% against the US dollar.

Ethereum Maintains Its Stronghold at $2,750: A Growing Case for Growth

In terms of the US Dollar, Ethereum(ETH) retested the $2,750-2,780 support zone. The price of ETH is recovering, and it needs to break through $3,000 to begin a consistent rise in the short term. After testing the $2,780 level, Ethereum began an upward correction. The price remains below $3,000 and the 100 hourly simple moving average.

Daily Crypto News- With 100 million Holders, India Tops The List of Crypto Ownership

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