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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    NFT sales plunge to $129.6m, Pudgy Penguins jump 63%

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    PENGU token loses 20% in August amid Pudgy Party game launch

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    Base claims top 3 spot in 30-day NFT volume: DappRadar

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    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

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    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    What Is Impermanent Loss? How It Works, and How to Avoid It

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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  • Home
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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Experience to Earn: Everdome’s Metaverse Frontier

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    NFT sales plunge to $129.6m, Pudgy Penguins jump 63%

    NFT sales plunge to $129.6m, Pudgy Penguins jump 63%

    PENGU token loses 20% in August amid Pudgy Party game launch

    PENGU token loses 20% in August amid Pudgy Party game launch

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

    What’s Behind the Double-Digit Declines?

    What’s Behind the Double-Digit Declines?

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

  • Gaming
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    Climb the SCOR Invitational Leaderboard and Earn Bigger $SCOR Airdrops

    Pudgy Penguins Game ‘Pudgy Party’ Launches on iOS and Android

    Pudgy Penguins Game ‘Pudgy Party’ Launches on iOS and Android

    Pudgy Penguins and Mythical Games Launch Pudgy Party Game

    Pudgy Penguins and Mythical Games Launch Pudgy Party Game

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    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

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    GaFin Joins Cyber Crash to Advance Web3 Gaming

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    Buzzy Ethereum Game Football.fun Has Soccer Fans Scoring Crypto Gains

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    Play Solana to ship handheld gaming device in October

    Play Solana to ship handheld gaming device in October

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    The Rise of Indian Online Casinos: Affiliates, Crypto, and Seamless Gaming?

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

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    SoonVerse Partners with Arris to Enhance User Experience

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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

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    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What is Cloud Mining? A Beginner’s Guide

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  • Analysis
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Home Altcoins

Polygon: Can the upcoming SAGA airdrop benefit MATIC

January 6, 2024
in Altcoins
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Polygon: Can the upcoming SAGA airdrop benefit MATIC
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  • MATIC faces price correction, but the SAGA airdrop sparks interest.
  • Despite network growth hurdles, Polygon’s ecosystem shows resilience with increased active addresses.

Polygon [MATIC], recently weathered a downward price trend, but a silver lining emerged with the potential for renewed interest fueled by recent events.

Airdrop SZN

The spotlight shines on the SAGA airdrop, captivating over 26,000 Polygon users who engaged through MATIC staking or leveraged Polygon’s zkEVM Bridge for Ethereum transactions.

READ ALSO

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This strategic maneuver aims to infuse interest into the MATIC ecosystem by enticing a fresh influx of addresses.

NEW:

The $SAGA (@Sagaxyz__) airdrop is available to 26K+ Polygon users who staked $MATIC or bridged $ETH using the zkEVM Bridge. pic.twitter.com/Kc1Y3cNdRR

— Today In Polygon (@TodayInPolygon) January 4, 2024

Sandeep Nailwal, co-founder of Polygon, took to Twitter expressing enthusiasm about Saga’s role in their ecosystem.

Commending Saga’s contributions, especially in automating decentralization infrastructure for Appchains, Nailwal hinted at the potential for decentralized sequencing capabilities within Polygon CDK.

Thanks @Sagaxyz__ for including @0xPolygon community in the airdrop.

Super thrilled to have Saga as a key contributor into the Polygon ecosystem. They have been involved throughout the Supernets to CDK chains journey! They are doing amazing work, specially in automating… https://t.co/QkB3NGCM2U

— Sandeep Nailwal | sandeep. polygon 💜 (@sandeepnailwal) January 4, 2024

Looking at the price movement

Despite these promising moves, trader interest in MATIC witnessed a slowdown, evident from the dwindling short positions.

See also  New Kaspa (KAS) Mining Pools Go Live on BSC and Polygon

At press time, the percentage of short positions taken against MATIC was 53%. This apparent discrepancy raised questions about the immediate impact of these positive developments on the broader sentiment around MATIC.

Delving into MATIC’s price trajectory, a recent correction did not derail the overarching bullish trend marked by higher highs and higher lows over the past month.

However, MATIC faced a marginal 0.44% decline in the last 24 hours, settling at $0.856.

In stark contrast to MATIC’s price dynamics, network growth faced a hurdle, signaling a diminished interest from new addresses. Should this trend persist, MATIC’s potential for sustained growth could be compromised.

Source: Santiment

While MATIC grapples with these short-term challenges, the broader Polygon network demonstrated resilience.

Despite the decline in new addresses, active addresses on the Polygon network surged by 31.2% over the last month. However, a 4.1% reduction in revenue generated on Polygon poses a potential headwind.

Source: Token Terminal


How much are 1,10,100 MATICs worth today?


In essence, the diverging trajectories between MATIC’s token dynamics and the broader Polygon network paint a nuanced scenario. MATIC’s struggle to attract new addresses and the diminishing trading volume present immediate hurdles.

Conversely, the sustained growth in active addresses on the Polygon network hints at underlying strength, despite the revenue dip.

Tags: airdropbenefitMATICPolygonSagaupcoming

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