MATIC's Market Cap in SOL's Terms

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y00ts chooses Ethereum over Solana

While the y00ts Twitter handle said the date for the move was still undecided, it would ensure that it returns 100% of Polygon’s grant.The funds will be re-deployed for NFT ecosystem growth to empower builders and creators.The decision comes amid a backdrop of increasing competition among different blockchain ecosystems. However, y00ts’ latest decision to move from its host is once again controversial., its first stop was Solana.

Another controversy also arose then— the team denied ever receiving a $3 million grant from Polygon before recently admitting it.It was also around the same period that DeGods moved to Ethereum. The team said that the decision to migrate y00ts was to ensure that the collection and DeGods were on the same blockchain.

 

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Source: CryptoAmb - 🏆 22. / 68 Read more »

MATIC Consolidates Losses Above Key Support Level, Market Volatility ExpectedThe recent stall at the overhead hurdle at 50% Fib level ($0.7) has led to MATIC consolidating losses above the key support level of $0.655. The upcoming US CPI data in July will likely induce market volatility. If bulls fail to flip the 50% Fib level to support, a bearish breakout could occur, potentially easing at the daily bullish order block and 23.6% Fib level ($0.6). Recent positive readings from RSI and CMF indicate buying pressure and capital inflows.
Source: CryptoAmb - 🏆 22. / 68 Read more »