Altcoin Polygon is having a field day with crypto whales trading the token in the millions. According to analytics firm IntoTheBlock, large-scale transactions were reported at $64.44 million, increasing by 742% in the last 24 hours. This is welcome news as most of the Altcoin market is bleeding red with price declines of 5%-18% across the board on Binance and Coinbase.
Polygon (MATIC) is down with the rest of the market as well. Over the last month, the price of MATIC – polygon’s native token – has decreased by 17.52%. As the value of cryptocurrencies continues to decline, newer alternatives like Dogetti present the opportunity to invest in a hugely profitable section of the market compared to more established cryptocurrencies.
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Presales are a great way to invest in a controlled section of the market, where token prices are not subject to the volatility of crypto trading. These provide great opportunities to make significant gains while the coins are yet to be launched. You also see a crypto project unfolding into a DeFi ecosystem with some or all of the following: NFTs, metaverse capabilities, staking options, and P2E games.
Polygon’s New Scaling Solution To Be Implemented Soon
Once referred to as the MATIC network, Polygon is an ERC-20 token based on the Ethereum blockchain. Polygon is positioned as a scaling solution and an alternative to Ethereum with cheaper, faster transactions as some of the main benefits.
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Polygon has a new layer 2 scaling solution called zkEVM which will be implemented soon. It will be the first zero-knowledge scaling solution equivalent to an EVM. Developers and users can use the same code, tooling, and apps that they can use on Ethereum, but with much higher throughput and lower fees.
Ethereum Maintains Position As Bluechip On Top 50 Cryptocurrencies
Ethereum is one of the biggest cryptocurrencies by market capitalization and its ecosystem is home to one of the largest communities of developers. According to BitPay, more than 450,000 ERC-20 tokens are listed on Ethereum’s blockchain.
Some of the biggest Altcoins are listed on Ethereum including Tether, Polygon, and Shiba Inu (SHIB), and the ERC-20 standard is now the basic framework that forms most of the cryptocurrencies you see today.
Dogetti’s Presale Is Selling Fast And Here’s Why
Dogetti (DETI) is a new presale that is looking to create a community of like-minded people interested in generating wealth through the power of crypto. The meme coin is in the second stage of its presale and has raised a little over $2 million.
The meme coin has yet to form its ecosystem but some of the upcoming features include an NFT collection that can be purchased from the network and a DAO where token holders can vote on important decisions governing the DETI ecosystem.
Having a catalog of presale coins alongside established altcoins could potentially boost your portfolio returns by a mile. Dogetti’s presale is still in the early stages of development which means you can still invest early in a crypto project that could net you huge returns in terms of price gain.
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Dogetti (DETI)
Presale: https://dogetti.io/how-to-buy
Website: https://dogetti.io/
Telegram: https://t.me/Dogetti
Twitter: https://twitter.com/_Dogetti
