Polygon’s Recent Price Uptick Prompts Investor Interest
In an exciting turn of events in the crypto market, Polygon and Uniswap are experiencing a significant price surge. Polygon’s price has soared by nearly 5% in the past two days; meanwhile, Uniswap’s value is up almost 6%.
Recent Developments in Polygon and Uniswap
It’s been a challenging three months for Polygon investors, with the $MATIC price falling 44% from February’s high of $1.56. Factors such as regulatory uncertainty and competition from other layer-2 scaling solutions have hampered Polygon’s growth. However, things could be about to improve significantly for $MATIC holders.
- Over the past two days, the $MATIC price has risen by nearly 5%.
- Crypto.com has just added $MATIC as one of its supported tokens on the Crypto.com Pay feature, increasing its accessibility.
- CoinMarketCap reports over $429 million worth of $MATIC traded in the past 24 hours alone.
If $MATIC does continue rising, the likely port of call would be the area around $0.95, which previously acted as a strong support region. On the other hand, if the bullish momentum ends and $MATIC resumes its downtrend, the token’s value could drop back to the lows of December 2022 – which would represent a decrease of 14.6%.
Uniswap’s Polkadot Integration Fuels Price Rise
Another crypto making headlines is Uniswap. Known for its pioneering role in decentralized finance (DeFi), Uniswap has recently seen a notable price increase, rising almost 6% in the past 48 hours.
- Uniswap recently launched on a parachain of the Polkadot network, known as Moonbeam.
- This integration provides numerous benefits for Uniswap users:
- Increased reach into the Polkadot ecosystem, attracting more investors and developers.
- Higher liquidity levels and new opportunities thanks to Polkadot’s cross-chain capabilities.
Naturally, these perks have left $UNI holders buzzing, leading to price increases in the past two days.
- At the time of writing, the $UNI price is hovering around the $5.33 level.
- Nearly $60 million worth of $UNI has been traded in the past day, making it the 20th largest crypto globally.
If $UNI can sustain this upwards trajectory, the resistance region around $5.65 will likely be the first target for bulls. Assuming $UNI can break through this region, the token’s next port of call could be $6.45 – a 21% rise from today’s price.
AI Meme Coin Phenomenon AiDoge Raises $9m, Traders Backing it to Explode
Although Polygon and Uniswap have been causing a stir in the established crypto niche, a new player has emerged on the scene in the meme coin market.
AiDoge ($AI) is capturing attention due to its blend of humor and artificial intelligence (AI) technology – setting it apart from the incumbents in the space.
At the heart of the AiDoge ecosystem is a state-of-the-art meme generator designed to optimize and streamline the meme-creation experience. This meme generator uses advanced AI algorithms trained on a colossal dataset to ensure all created images are topical, funny, and have the potential to go viral.
The AiDoge platform is built on the Ethereum blockchain, ensuring all user actions are secure and decentralized. This also means that $AI, AiDoge’s native ERC-20 token, can be integrated into the entire universe of Ethereum-based decentralized applications (dApps) – a factor that could prove crucial in the future.
As noted in AiDoge’s whitepaper, users will need $AI to purchase the credits required when creating memes. $AI tokens can also be staked to earn daily credit rewards and used to upvote user-created memes posted to the “public wall.”
These exciting features have created a considerable buzz around the AiDoge project – even ahead of its release.
AiDoge’s 20-stage presale is ongoing and has raised a remarkable $9 million in just over three weeks, showcasing the investment community’s belief in the project’s prospects.
Stage 13 of the presale is currently underway. Early investors can purchase $AI tokens for $0.0000308, which is 9% lower than the intended exchange listing price of $0.0000336.