Polygon’s (MATIC) Value Faces Decline Amidst Market Uncertainty

The value of Polygon (MATIC) has experienced a downturn after reaching its peak at $0.88 last week. The overall decline of 9% has raised concerns among investors, leading to a prevailing pessimistic sentiment surrounding the future trajectory of the Polygon cryptocurrency. The current bearish trend zone suggests that an immediate upswing is unlikely. The price, currently trading at $0.81, faces challenges in breaking away from the bearish momentum. In this scenario, the market may continue to decline, potentially testing the next support level at around $0.75. A potential indicator of a positive shift would be a break above the resistance

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$BNB Takes the Lead In New Addresses Across Popular Blockchains

Following a significant surge in recent weeks, investors are optimistic about the continued bullish momentum of Binance Coin (BNB). Reports from coin98 analytics indicate that the BNB chain stands out, boasting the highest number of total addresses created among popular blockchains, reaching 413 million with an impressive growth rate of 74%. Polygon’s native cryptocurrency, MATIC, has also experienced a notable breakout above $1 during the current upward movement in prices. Notably, with a market valuation of $9.61 billion and a price of $1.006, MATIC has seen a 2% increase at the time of this report. Total unique addresses on popular

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