Polygon MATIC: Where Will Made in India crypto go after Latest Crypto Crash?

Brief Introduction Of Polygon MATIC

In October 2017 Polygon was launched as Matic by a team that participated in a number of Ethereum ecosystem projects. In the first version of Plasma, which is now used in the Polygon Network, the Polygon team has implemented Vitalik Buterin, a co-founder of Ethereum.

In February 2021 Polygon (MATIC), which was renamed to the present name of the Matic Network. The ERC-20 token saw a significant price rise from the 1st of the year, from $0.0175 to $0.446 on March 12, or an increase in value of 2.548%. A recent listing on Coinbase several days before 10 March coincided with its local peak on 12 March.

How Polygon MATIC Works

Matic was renamed Polygon in February of this year in an effort to broaden its scope. It is now a platform for Ethereum scaling and infrastructure development, where it aids in two types of solutions: secured chains, also known as Layer 2 chains, and stand-alone chains, also known as Sidechains.

While Layer2 scaling solutions rely on Ethereum for security, Sidechains are entirely responsible for their own. “Polygon transforms Ethereum into a full-fledged multi-chain system or an Internet of Blockchains,” according to the startup.

Funding secured by Mark Cuban

Mark Cuban, the Shark Tank star, has invested in Polygon, an Indian cryptocurrency platform that aims to provide faster and cheaper transactions on the Ethereum blockchain.

Vitalik Buterin, the creator of Ethereum, recently donated over one billion Shiba Inu Coin to India’s COVID-Crypto Relief Fund, set up by Polygon co-founder Sandeep Nailwal, in one of the largest-ever individual philanthropic efforts.

“I believe we will eventually receive around $50 million. If Elon Musk or another celebrity mentions it again, perhaps $100 million, but more than that is unlikely,” Sandeep Nailwal says.

The current market capitalization of MATIC Coin

Polygon has regained control of its market capitalization, which had fallen below $10 billion during the recent crypto price drop.

At the time of writing, the live Polygon price is $2.20 USD, with a current market cap of $13,643,883,337 USD. Polygon has been one of the hottest projects in the blockchain realm over the last 12 months. Matic has gained +7,971% in the last year and has benefited greatly from Ethereum’s clogged network.

With Ethereum’s scaling issues holding it back in some ways over the last year, layer-2 projects like Polygon have been able to thrive in terms of valuation.

Future of polygon Matic

With a decentralized and confidential implementation, Polygon Matic aims to achieve a high level of decentralization while ensuring near-instant transfers, low fees, and economic benefits for micro-transactions. The user experience that is very poor in blockchain applications is a key pillar of Matic Network ideology as of today.

Mobile/web browser libraries of great developer experience have already been created by the Matic team, which enable companies to create large-scale real-world user applications. Matic roadmap also includes support for interchange transfers and decentralised exchanges with third parties, liquidity pools, etc.

Crypto price predictions can be extremely difficult, especially in light of the recent May 19 crypto crash. However, many cryptocurrency experts have predicted MATIC’s price. According to capital.com, MATIC could reach an all-time high of $10 by the end of 2021. Many other crypto experts have made the same prediction, believing that MATIC is underappreciated for the features it offers.

Where to buy polygon Matic(at BuyUcoin)

You can purchase Polygon legitimately utilizing the best crypto exchanger named BuyUcoin because you can spare Polygon in a wallet that is profoundly viable for it.

Step 1: Open your free crypto wallet BuyUcoin Account

Step 2: Register & Open your free Cryptocurrency account with BuyUcoin

Step 3: Visit the BuyUcoin Exchange menu in your crypto wallet to find a Polygon exchange pair with MATIC-USDT pair.

Step 4: If you don’t have USDT, add funds from your favourite UPI payment mode to buy USDT i.e Paytm, PhonePe, Mobikwik, Google Pay, Bhim Pay or credit card and debit card.

Step 5: Buy Polygon in India with your USDT token

Polygon price analysis

Polygon Matic has gained +1,795% against BTC and +539% against ETH over the last 12 months. The value of a token should be correlated to some utility that each person subjectively finds in any project; additionally, users are clearly finding value on the Polygon network, and many Defi applications have already moved to layer-2s.

Matic’s all-time high of $2.65 was set only eight days ago, on May 18th. More than 62% of Matic’s supply is currently in use, with a total cap of 10 billion units planned in the future. Matic closed the daily candle on Tuesday at $1.94.

Polygon Matic token’s 4-hour technical chart shows a bullish trend. Polygon’s significant support level, according to pivot points, is $0.75. If it continues to rise, the key resistance to watch is $2.30. Furthermore, the chart shows a bullish two candle reversal pattern, indicating that the Bulls are in control of the movement.

The coin’s price levels are reliably supported by the Exponential Moving Average (EMA) of 200. Investors may notice that the price has broken through the EMA-200. So, as long as the price remains above both EMAs, Polygon will remain bullish. With a rate of 50, the RSI indicator (Neutral) projects a neutral signal in the coin.

May 28 Daily report: NFT volume has more than tripled, Bitcoin Remains In Range, Cardano Boss Puts Into Words, Ripple (XRP) likely to go public, and $ADA and $MATIC Could Explode

$ADA and $MATIC Could Explode Over Next Few Weeks

Investors are betting on Cardano anticipating the hard fork, as $ADA and $MATIC. ADA has been outperforming both ETH and BTC over the last 30 days. MATIC has seen its price rise over 9,000% so far this year as demand for it has been surging. According to a MATIC network explorer, it currently processes over 5.89 million transactions per day, and the network has processed a total of 122 million transactions.

NFT volume has more than tripled — even amid price crash — as Meme.com raises $5M

The NFT sector has seen exponential growth, tripling in transactions since January and pushing through the market crash this month. The average number of NFT sales rose almost 300%, from 21,815 per day in January, to 82,373 in May (so far). This number rose even higher as crypto prices started to plummet on May 12, with sales surging to almost 94,000 NFT transactions a day.

Bitcoin Remains In Range, Here’s What Could Trigger A Strong Move

Bitcoin price is still struggling to clear $40,000 and $41,000 against the US Dollar. BTC could decline heavily if there is a clear break below $37,000 and $36,500. Bitcoin made another attempt to gain bullish momentum above the $40,000 resistance. However, BTC failed to continue higher and it remained in a key range below $40,500.

Cardano Boss Puts Into Words Why ETH 2.0 Will Fall Flat

Cardano considers the long-term implication of governance via the Voltaire phase on its roadmap. This is the final piece required for Cardano to become a self-sustaining network. Input-Output Global (IOG) CEO Charles Hoskinson believes Cardano has the edge over Ethereum 2.0 regarding governance. This, he sees as the decisive factor in Ethereum falling flat in the long term.

Ripple (XRP) likely to go public after its legal battle with SEC is over, CEO confirms

The likelihood of Ripple, the company behind the XRP token and blockchain-based payments network RippleNet, to go public is “very high at some point”—but not before its legal battle with the U.S. Securities and Exchange Commission (SEC) is resolved, said the firm’s CEO Brad Garlinghouse.

How to Invest in Share Market?

Share Market can be an important component of your investment portfolio. Investing in various companies can help you build your savings, protect your money from inflation and taxes, and maximize your return on investment. 

Today, there is a wide range of investment options. However, with falling interest rates, the average Indian is frequently puzzled about their investments. the stock market is one investment option that, while risky, can provide you with significant benefits if you have the right guidance, Invest in Share Market.

You simply require a strong partner, such as Proficient Group, to guide you on a regular basis with your stock management. When investing in the share market, it is critical to understand that there are risks. As with any investment, it is important to understand the risk/return relationship and your own risk tolerance.

What are Shares?

Consider a company that is doing well and looking for new opportunities to grow. It decides to launch a new type of product that necessitates a large factory installation and skilled labour – a significant investment. The company lacks the necessary funds to create this setup. 

As a result, it seeks a loan from a bank or financial institution or raises funds in another way that does not necessitate the payment of interest on the raised sum. One method is to add partners by asking them to contribute a certain amount to the company’s capital.

This is legal for a corporation to do by issuing shares. When a company decides to raise capital, it sells shares to the general public. The percentage of ownership you have in the company is determined by the number of shares you own. 

So, if a company is worth Rs.10 lakhs and you own Rs.1 lakh in shares, you are a 10% partner in the company. You will be eligible to receive a portion of the company’s profits. This is a very basic explanation of shares. Because a share is a document that certifies your ownership of a company, you can sell it for a fee.

How to Invest in Share Market?

Requirements to Invest in the Share Market
  • Demat Account

This is the account where the buyer’s shares will be held. Any depository participant can open a Demat account for you. Demat accounts are available from the majority of banks. New age investment platforms also make it simple to open a Demat account.

  • Trading account

To begin investing in the stock market, you must first open a trading account with a stockbroker. Remember to register with stock exchanges, stockbrokers. While the majority of high-quality stocks are listed on both primary exchanges (BSE and NSE), some may only be available on one of the two. Open a trading account with a broker who is registered with both the BSE and the NSE.

Investment process in Share Market
  • Invest in Share Market through Primary Market

It’s important to remember that the number of shares allotted to you will be determined by the market’s reaction to the IPO. After receiving all IPO applications, the company allots shares based on demand and availability of shares, Invest in Share market.

You can easily apply for an IPO using your net banking account and a process known as ASBA. The exact amount is debited and the balance is released once the shares are allotted. This procedure must be followed for all IPO applications. Within a week of being allotted, the shares are listed on a stock exchange and can be traded.

  • Invest in Share Market through Secondary Market

This is the hub of all the action. When we talk about the stock market, we usually mean the secondary market. It is where investors and traders go to buy and sell stocks. You will need a trading account, a Demat account, and a linked banking account to invest in the secondary market. 

If you’re wondering how to invest in the stock market online, the answer is simple: 

  • Create a Demat and trading account, as well as a linked banking account.
  • Sign in to your trading account.
  • Choose whether you want to buy or sell a share.
  • Before selling, make sure you have funds in your account for purchases and shares in your Demat account.
  • Determine the price you want to buy/sell at.
  • Wait for the seller/buyer to arrive.
  • Transfer shares/money and receive money/shares to complete the transaction.
  • The procedure is straightforward. However, becoming a successful investor takes time and effort. 

Strategies to keep in mind before investing in the Share market

  • Understand Your Investor Profile 

Every investor is distinct. As a result, you must ensure that you invest in accordance with your investor profile. Define your financial objectives. What are you attempting to accomplish? What is a retirement corpus? How are you going to pay for your world tour? Are you getting married? Are you considering purchasing a home? These objectives will assist you in determining how and which stocks to invest in.

  • Research the Company Before Investing

Unless you are trading, don’t base your investment decisions solely on the stock price. Investing in stocks is a marathon, not a sprint. As a result, you should invest in a stock that can withstand a long journey while also producing good returns. 

Looking at the company’s financials is one of the best ways to find such stocks. Without overcomplicating things, simply try to determine whether the company is financially sound and capable of weathering any economic turbulence that the future may bring. Positive investor perception and a higher stock price are usually associated with a strong company.

  • Diversify

Because stock investments are subject to market risk, it is critical to make every effort to reduce the risk of your equity portfolio as much as possible. Diversification is one of the most effective ways to reduce risk. We all enjoy betting on the dark horse. 

Small-cap stocks are the proverbial dark horses in the stock market, while large-cap stocks are the defending champions. While the choice is yours, it is best to invest across all market capitalizations.

Alternative to Share Market:

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How to Invest in Gold?

People have kept gold for a variety of reasons and “how to invest in Gold” is considered as one of the best savings for the future. Societies, and now economies, have assigned a monetary value to gold, thereby perpetuating its value. 

It is the metal we turn to when other forms of currency fail, so it always has some value as insurance against bad times. Diversification is important in all investment portfolios, and investing in gold can help diversify a portfolio, especially during market declines when the price of gold tends to rise.

Gold as an investment

When gold is mined, it remains in the world. A barrel of oil, on the other hand, is converted into gas and other products that are used in the gas tank of your car or the jet engines of airplanes. 

Grains are found in the food that we and our animals consume. Gold, on the other hand, is made into jewelry, used in art, stored in ingots in vaults, and used for a variety of other purposes. 

As a result, the supply/demand argument that can be made for commodities such as oil and grains, etc., does not hold true for gold. In other words, even if demand for the metal declines, supply will increase over time.

Value of Gold

When it comes to investing in gold, you can’t ignore the impact of human psychology. The precious metal has always been a safe refuge investment during times of fear and uncertainty, which often accompany economic recessions and depressions. Gold is the obvious choice for this ledger. 

If a disaster occurs which destroys paper money and the system that supports it, we will return to gold. When other forms of currency fail, we will turn to gold, which means that gold will always have value in both good and bad times.

Gold has captivated human societies since the dawn of recorded history. Over gold and mercantilism, empires and kingdoms were built and destroyed. Gold became universally accepted as a satisfactory form of payment as societies advanced. 

In short, gold has always had more power than any other commodity on the planet, and that power has never truly vanished. Until the 1970s, the United States monetary system was based on a gold standard.

Stock market and Gold

The stock market is the simplest way to gain exposure to gold, as you can invest in actual gold bullion or shares of gold-mining companies. Investing in gold bullion does not provide the same level of leverage as investing in gold-mining stocks. Higher profit margins for miners can boost earnings exponentially as the price of gold rises. 

Assume a mining company has a $200 profit margin when the price of gold is $1000. If the price of gold rises 10% to $1100 per ounce, the operating margin of gold miners increases by 50% to $300.

How to Invest in Gold?

Physical gold bars or coins are the most direct way to own gold, but they can be illiquid and must be stored securely. Many top investment advisors recommend allocating a portion of one’s portfolio to commodities, including gold, in order to reduce overall portfolio risk. 

We’ll go over many different ways to invest in gold, such as bullion (gold bars), mutual funds, futures, mining companies, and jewellery.

PAXG

The PAXG backing contains no unallocated gold; instead, it is fully collateralized by physical gold at the ratio of one troy ounce (roughly 31 grams) of a gold bar meeting the London Good Delivery standard to one PAXG token. 

Paxos Gold (PAXG) is a cryptocurrency backed by real gold reserves held by Paxos, a for-profit New York-based company. Each PAXG token is redeemable for one troy fine ounce of gold held in vaults by Paxos and its partners, and its market value is intended to correspond to the physical gold it represents.

You can redeem for a physical gold bar by launching a sell request from the Paxos wallet dashboard’s PAX Gold page. Given that London Good Delivery gold bars range from 370-430oz, you will need a minimum of 430 PAXG plus fees to redeem PAXG into Gold Bars.

For buying PAX Gold and trading you can go for BuyUcoin, an Indian crypto exchange where you can easily buy, sell and hold Pax Gold which is a secured crypto exchange and wallet.

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Gold Bullion

Many people associate gold bullion with the large gold bars stored at Fort Knox. Gold bullion, in fact, is any form of pure, or nearly pure, gold that has been certified for weight and purity. 

This includes coins, bars, and other items of any size. A serial number is also commonly attached to gold bars for security reasons. While large gold bars are impressive to look at, their large size (up to 400 troy ounces) makes them illiquid and thus expensive to buy and sell. 

Bullion held in smaller-sized bars and coins, on the other hand, provides much more liquidity and is quite popular among gold owners.

Gold Coins

Because gold coins are frequently minted in smaller sizes (one ounce or less), they are a more convenient way to invest in gold than larger bars. Furthermore, purchasing gold bullion is a direct investment in the value of gold, with each dollar change in the price of gold changing the value of one’s holdings proportionally. 

Other gold investments, such as mutual funds, may be made in smaller dollar amounts than bullion and may not have the same level of direct price exposure as bullion.

Gold ETFs and Mutual Funds

Investing in one of the gold-based exchange-traded funds is an alternative to purchasing gold bullion directly (ETFs). Each share of these specialised instruments represents a predetermined amount of gold, such as one-tenth of an ounce. 

These funds can be bought and sold in any brokerage or IRA account, just like stocks. This method is thus simpler and less expensive than directly owning bars or coins, particularly for small investors, because the minimum investment is only the price of a single share of the ETF. 

However, for the average gold investor, mutual funds and exchange-traded funds (ETFs) are now the most convenient and secure way to invest in gold.

Gold Futures and Options

Futures contracts are agreements to buy or sell a specific amount of an item, in this case, gold, on a specific date in the future. Futures contracts, not shares, are traded and represent a predetermined amount of gold. 

Futures options are an alternative to purchasing a futures contract outright. These give the option holder the right to purchase the futures contract at a predetermined price within a specified time frame.

Gold Mining Companies

Companies that specialise in mining and refining will benefit from rising gold prices as well. Investing in these types of companies can be a profitable way to profit from gold while also posing a lower risk than other investment options.

Because the largest gold mining companies have extensive global operations, business factors common to many other large corporations play a role in the success of such an investment. 

As a result, even when gold prices are flat or declining, these companies can still turn a profit. One way they accomplish this is by hedging against a drop in gold prices as a routine part of their business.

Gold Jewelry

Jewellery accounts for approximately 49% of global gold production.   With the world’s population and wealth increasing on a yearly basis, the demand for gold used in jewellery production should rise over time. 

Gold jewellery buyers, on the other hand, appear to be price-sensitive, purchasing less if the price rises rapidly. The benefit of purchasing jewellery in this manner is that there is no retail markup; the disadvantage is the time spent searching for valuable pieces. 

Even if it is not the most profitable investment, jewellery ownership is the most enjoyable way to own gold. Gold jewellery is a work of art in and of itself. Unless you are a jeweller, it is a mediocre investment.

Futures and options are excellent investments for more aggressive investors. Buyer beware: Because these investments are derivatives of the gold price, they can experience sharp up and down movements, especially when done on margin. 

Futures, on the other hand, are probably the most efficient way to invest in gold, except that contracts must be rolled over on a regular basis as they expire.

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What is Diem and Why Facebook investing in Cryptocurrency?

Diem Libre created this Internet wealth management system to assist those who have limited access to the Internet due to the lack of a dedicated computer. Among all other types of black market currencies, this one is well-known because it caters to a large number of people. 

What is Diem?

Diem Libre is built on the ERC20 digital asset standard, which connects bitcoins, ether, ripple, and other people. The central concept is to use blockchain technology to create a fast, secure, and borderless money transfer mechanism. However, the announcement has already sparked the interest of numerous conspirators.

The Diem Libre Coin and community aim to help their countrymen to quickly buy and own large sums of money – social currency. They will assist individuals and organisations from over a billion people in easily and quickly finding their way to liquidity in order to make quick purchases in a variety of ways.

A Good Sign for Future Diem Libre Investors

The arrival of Diem Libre’s announcement about their new endeavor has influenced the exhibition of bitcoin, but this has only fueled enthusiasm for some crypto clients who may have simply anticipated the rapid increase in the use of Diem Libre.

Diem Libre has figured out how to gain traction in the cryptographic money market, and Diem’s potential financial specialists can’t wait for its arrival because of its promising offers intriguing business opportunities. 

There have been speculations about how to trade out using computerized money, with some claiming that one should have the option of obtaining Facebook offers or purchasing Diem. But Diem proved it to be a unique coin from other cryptocurrencies.

Facebook and Diem

Unlike the other crypto alternatives, Diem comes with money and security provided by the government. The interested public may like the possibility of Facebook making its own cash; this publicity may not take long because, despite the fact that the potential premium could be enormous, the benefits will not be given over to clients; rather, the premium will be shared among Diem’s speculators, for example, Visa, MasterCard, PayPal, Uber, and numerous others.

These supporters will collect the funds using Diem Investment Tokens, which are more than just a collection tool. It reflects the results of votes on how the game should be played. The client’s role is to execute using the tokens.

Consider Diem Libre Investment Tokens to be shares of a bank that profit from the expected progression of money. In Diem’s case, the income is derived from the stores. In any case, the Diem digital money functions similarly to a watch that you can e-cash at a bank, but its value is not entirely genuine.

Where can you use Diem?

Diem tokens can be used to pay for a variety of services and goods. For example, you could buy a cup of coffee with a single token, hire a taxi with a token, buy a pizza with a token, buy a car with a token, buy a house with a token, acquire a CD with a token, pay for a flight with a token, acquire a book with a token, purchase a ticket with a token, make a purchase with a token, and so on.

Price of Diem Libre Coin

Diem Investment Tokens are priced based on the number of people who own them, not by Diem. Supply and demand determine the price. If there are more buyers than sellers, the price will rise. In the opposite case, if there are more sellers than buyers, the price will fall. 

Diem Investment Tokens’ price is set to be a direct reflection of the token’s demand and supply. As the number of people who own Diem Investment Tokens grows, so will the price of Diem Investment Tokens. As the number of people who own Diem Investment Tokens grows, so will the price of Diem Investment Tokens.

Why Facebook is investing in cryptocurrency?

This is not Facebook’s cryptocurrency. It’s a project of the Diem Association, which Facebook co-founded as the Libra Association in the beginning. The association, which will serve as the cryptocurrency’s monetary authority, claims its goal is to “empower billions of people,” citing 1.7 billion adults without bank accounts who could use the currency.

Zuckerberg acknowledged that allowing people to use cryptocurrency would most likely benefit Facebook by making advertising on the social network more desirable and, thus, more expensive.

Facebook may have other plans for cryptocurrency as well. A new subsidiary will operate a wallet for storing and transferring digital currency. The wallet, which was previously known as Calibra, was renamed Novi in May with the goal of “helping people around the world access affordable financial services.” According to RBC Capital Markets analysts, those services will most likely include games and commerce.

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With a global digital currency, Facebook hoped to revolutionise finance — then came the regulators. The token, which was first proposed in June 2019 under the name libra, was initially intended to be a universal currency linked to a basket of sovereign currencies such as the US dollar and the euro. 

However, after facing stiff opposition from regulators all over the world, the organization in charge of the project lost major backers such as Visa and Mastercard. The group eventually scaled back its plans, opting for multiple “stable coins” backed one-to-one by various government-backed currencies, as well as a single multi-currency coin.
The Facebook-backed digital coin, now known as Diem, is expected to launch later this year, albeit in a much more limited form. Diem will not arrive with the same fanfare and controversy that the original idea envisioned by the social media giant nearly two years ago.

May 27 Daily report: Uniswap v3 looks set for layer-two scaling, ETH breakdown to $2,000, Paypal will Enable Crypto Withdrawals to External Wallets, Elon Musk Clarifies He Does Not Control Dogecoin and Ark Invest Buys the Bitcoin Dip

Cathie Wood’s Ark Invest Buys the Bitcoin Dip, Adds $20 Million in GBTC

Bitcoin’s recent 40% decline from highs has sparked the interest of institutional investors looking to buy in. For Ark Invest, though, it was a case of buying the Bitcoin dip. Recent SEC filings revealed that Ark Invest purchased $19,872,939 worth of Bitcoin during the past week’s market turmoil.

Uniswap v3 looks set for layer-two scaling on both Arbitrum and Optimism

Uniswap is now planning layer-two deployments on both Arbitrum and Optimism. The Uniswap community has voted in favor of launching the leading decentralized exchange’s v3 iteration on layer-two scaling solution, Arbitrum. 

ETH breakdown to $2,000 looms in the wake of rejection at $2,900

Ethereum is back in red after a consistent rise toward $3,000. The breakout from last week’s key support at $1,750 failed to overcome seller congestion at $2,900. Note that the ongoing retreat is not unique to Ether but appears to be pulling the whole market down.

Paypal will Enable Crypto Withdrawals to External Wallets

Paypal drew attention as headlines in Q3 2020 when it announced its support for the trading of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). The move marked a new milestone for the crypto industry as million of Paypal customers and listed merchants now directly access the crypto.

Elon Musk Clarifies He Does Not Control Dogecoin (DOGE)

Tesla CEO Elon Musk has made it clear on social media he does not control the meme-inspired cryptocurrency Dogecoin (DOGE) and that his “ability to take action is limited.” Dogecoin, he said, has no formal organization. Musk has engaged with Dogecoin’s developers to try and keep the cryptocurrency’s development progressing and even asked his over 56 million followers on the microblogging platform to submit ideas to help develop DOGE.