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The global non-fungible token market has recorded positive growth again this week, recording a trading sales volume of $128 million, up 11% in the past seven days. This growth is likely driven by a combination of increasing mainstream adoption, advancements in technology, and changing consumer preferences. In this article, we shall explore in-depth the full state of the NFT market this week as well as what traders should expect in the coming week and beyond. NFT Sales Rise +11% This Week Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token collection explorer, shows that the global non-fungible token market has surged in trading sales volume again this week. In the past seven days, the NFT market has raised a trading sales volume of $128 million, up 11% from the past month. The NFT market raised a trading sales volume of $115 million last week, up 10% from the previous month. Ethereum, the blockchain network renowned in ...

ADA, Cardano’s native token and a competitor to Ethereum, is predicted to stage a comeback in the cryptocurrency market, potentially reclaiming its position among the top 10 by market capitalization. Dan Gambardello, a crypto analyst and Cardano supporter, has forecasted that the altcoin could reach $0.55 as a bullish trend develops. Meanwhile, experts believe XRP is at a crucial juncture, indicating the possibility of a significant price movement. They noted that XRP has been consolidating within a symmetrical triangle pattern on its long-term chart for nearly seven years. Furthermore, Pepe may be preparing for a bullish surge, with recent price movements suggesting a higher low has been established, as analyzed by Plazma. Tokens on the Polygon chain are also rising in today’s trading session. This article curates the most trending cryptocurrencies on Polygon. Most Trending Cryptocurrencies on Polygon Argocoin plays a key role in the Devolved AI ecosystem by driving inc...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Mobile gaming network Taki Games has taken multiple steps to boost its presence in the web3 space – successfully merging with Unite, expanding to the Polygon network, and partnering with leading Polygon decentralized exchange (DEX) Quickswap. As part of expanding onto Polygon, Taki Games has combined forces with Unite, the team behind the popular web3 and NFT project, Kungfuverse. The merger saw former Unite CEO Weiwei Geng become Taki Games’ new CEO. You might also like: Chiliz leads top gainers with 18% price surge In tandem, Taki Games has teamed up with Quickswap to tap into deep liquidity that will enable seamless transfers of its TAKI token between Solana, where Taki Games initially gained traction, and Polygon. The collaboration includes launching a dedicated liquidity pool for Taki’s bridged token ...

MATIC Price Rebounds on Polygon POL The development team at Polygon has recently announced a huge upgrade that will bring to life a new token called  Polygon POL. It is “a technical upgrade of the native asset of the Polygon network,” an article on the website reads in part. advertisement “POL is the next generation protocol token, designed to become the major tool for coordination and growth of the Polygon ecosystem and the main driver of the vision of the Value Layer for the Internet,” the team explained. According to Naiwal, POL is the protocol that will ensure users reap the benefits of “multi-chain staking without the added risks of restaking. With the Polygon 2.0 proposal, the Polygon Ecosystem will expand from a single chain to an ecosystem of L2s that can easily interoperate and share liquidity with each other.” POL is the next level protocol for two-dimension restaking that “fully avoids reliance ...

Bitcoin and altcoin prices continue to slump, but potential progress on the debt ceiling discussion could possibly produce a price reversal. Bitcoin is threatening to break the narrow range to the downside. The cryptocurrency markets seem to be taking cues from the United States equities markets, which have been down for two straight days due to the uncertainty regarding the debt ceiling negotiations.  If the debt ceiling talks stretch further, traders may lighten their positions from risky assets, as a debt default by the U.S. is likely to have huge financial implications around the world. Even cryptocurrencies could witness a sell-off, and analysts have not ruled out a potential fall to $20,000 for Bitcoin (BTC). Daily cryptocurrency market performance. Source: Coin360 Institutional investors maintained their cautious stance in the near term. CoinShares’ “Digital Asset Fund Flows Report” published on May 22 shows an outflow of $32 million, taking the total outflow in the past five w...

The Ethereum scaling solutions provider is preparing to launch its long-awaited Ethereum Virtual Machine roll-up technology. The long-awaited scaling upgrade from Ethereum layer-2 solution provider Polygon (MATIC) has been announced, with the Beta launch of its zero-knowledge Ethereum Virtual Machine (zkEVM) mainnet slated for Mar. 27. In a Feb. 14 blog post, Polygon said after three and a half months of "battle testing," the system will be ready for the mainnet next month. Roses are red Violets are blue Poems are hard Mainnet Beta is here ON MARCH 27, Polygon #zkEVM launch es the future of Ethereum scaling https://t.co/OqSOYTn8Uv pic.twitter.com/kpXavea3ff — Polygon (@0xPolygon) February 14, 2023 It's been touted as “seamless scaling for Ethereum," and was launch ed as a testnet in December last year. The development of the zk-Rollup scaling technology has been ongoing for the past three years. During that time, the Polygon zkEVM system has hit several milestone...

Bitcoin’s chart shows a tug-of-war between bulls and bears, and this is having a slight impact on the upward price action of most altcoins. Risk assets have started the new year on a strong note. The S&P 500 (SPX) and the Nasdaq closed in the positive for the second successive week and also notched their best weekly performance since November.  Bitcoin (BTC) led the recovery in the crypto Markets with a sharp 21% rally last week. That sent the Bitcoin Fear and Greed Index into the neutral territory of 52 on Jan. 15, its highest since April 5, 2022. However, the index has given back its gains and is again back into the Fear zone on Jan. 17. Daily cryptocurrency market performance. Source: Coin360 The strong rally in Bitcoin has divided analysts' opinions. While some expect the rally to be a bull trap, others believe that the up-move could be the start of a new bull market. The confirmation of the same will happen during the next dip. If the cryptocurrencies form a higher low fo...