FxWirePro- Major Crypto levels and bias summary 
Stock Futures Dip as Investors Await Key Payrolls Data 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
FxWirePro- Major Crypto levels and bias summary 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Polygon is a decentralized layer 2 Ethereum scaling platform that enables developers to build scalable user-friendly dApps with speed transactions and low fees.
|
|
Ethereum |
Polygon |
|
Consensus Mechanism |
Proof of work |
Proof of stake &plasma enabled chains |
|
Gas fees |
High |
Low |
|
TPS |
13 to 15 per second |
65000 per second |
|
Total dApps |
2970 |
>19000 |
|
Programming language |
Solidity |
Golong, solidity, and Vyper |
|
Security |
High |
Less secure |
Polygon launches new scaling solutions zero-knowledge Ethereum virtual machine (zkEVM). "It's just like using Ethereum, but with the groundbreaking scaling power of ZK tech," Polygon said in an announcement.
It is a layer 2 protocol that rolls up a large batch of transactions with single validity proof.
Technicals:
MATICUSD gained more than 200% from the minor bottom of $0.32 on positive developments. It hits a high of $0.9846 and is currently trading around $0.8650.
The near-term resistance is around $1.05, any breach above targets $1.1380/$1.35/$1.75/$2.10. On the lower side, immediate support stands at $0.78, violation below will drag the pair down to $0.65/$0.50. Significant bearish continuation only below $0.30.
It is good to buy on dips around $0.70 with SL around $0.30 for TP of $2.
