en.ethereumworldnews.com Open in urlscan Pro
172.67.72.52  Public Scan

Form analysis
1 forms found in the DOM

GET https://en.ethereumworldnews.com/

<form method="get" class="search tipi-flex" action="https://en.ethereumworldnews.com/">
  <input type="search" class="search-field font-b" placeholder="Search" value="" name="s" autocomplete="off" aria-label="search form">
  <button class="tipi-i-search-thin search-submit" type="submit" value="" aria-label="search"></button>
</form>

Text Content

 * 


 * 
 * 


 * November 4, 2022

 * 
 * 
 * 
 * 
 * 



 * Ethereum
   Ethereum
   
   Discover the latest breaking news and updates of Ethereum (ETH) coin. View
   Real-time price charts and historical ETH Line chart data.
   
   
   
   
   ETHEREUM LAYER 2 PROTOCOLS SET NEW WEEKLY HIGH FOR TRANSACTIONS
   
   
   ETHEREUM’S SHANGHAI UPGRADE WILL PLAY A CRUCIAL ROLE IN DETERMINING ETH’S
   PRICE
   
   
   THE REASON BEHIND ETHEREUM MASSIVE RALLY IN PRICE IN THE LAST 24 HOURS

 * Bitcoin
   Bitcoin
   
   Check out the latest breaking news and updates of Bitcoin (BTC). View
   Real-time price charts and historical BTC Line chart data.
   
   
   
   
   BITCOIN COULD HAVE FOUND ITS BOTTOM AT $20,000 LEVEL: GLASSNODE REPORT
   
   
   BITCOIN’S WHITEPAPER ANNIVERSARY: 14 YEARS TO TRANSFORM THE EXCHANGE OF VALUE
   
   
   BREAKING: BITMEX TRADING ENGINE EXPERIENCES DOWNTIME, BITCOIN BELOW $21,000

 * DeFi
   DeFi
   
   #DeFi News – The latest breaking news and project developments related to
   Decentralized Finance (DeFi) in the world of Crypto
   
   
   
   
   TETHER ($USDT) HITS BACK AT BLOOMBERG FOR REPORT OVER RENEWED FRAUD PROBE
   
   
   SUSHISWAP VOTES IN FAVOR OF LANDMARK RESTRUCTURING PROPOSAL
   
   
   CELSIUS INVESTMENT FUNDS AND CUSTOMERS TO FIGHT OVER WHO GETS TO CASH IN ON
   COMPANY’S ASSETS

 * NFTs
   NFTs
   
   
   
   DAPPRADAR NOTES AN 18% MONTHLY INCREASE IN UNIQUE NFT TRADERS: IS CRYPTO
   WINTER FINALLY WARMING UP TO NFTS?
   
   
   SUPERRARE NFT MARKETPLACE LAUNCHES “GENESIS RAREPASS” TO OFFER SPECIAL ART
   NFTS TO ITS USERS
   
   
   INSTAGRAM ANNOUNCES ITS OWN NFT MARKETPLACE

 * Latest
   Latest
   
   
   
   $MATIC SEES A MASSIVE SPIKE IN WHALE TRANSACTIONS FOLLOWING META’S
   ANNOUNCEMENT
   
   
   TERRA FOUNDER DO KWON REFUSES TO GIVE UP DESPITE NEW ALLEGATIONS MOUNTING
   AGAINST HIM
   
   
   $GALA GAMES SELF-ATTACK ARGUMENT ON $4.4M EXPLOIT FAILING: TOKEN BLEEDS AS
   COMMUNITY GROWS SKEPTICAL

 * Press Release
   Press Release
   
   
   
   XPLUS ANNOUNCES DEX LISTING & PUBLIC BETA LAUNCH OF FIRST SOCIALFI APP 
   
   
   RIPPLE ($XRP) ACHIEVES HUGE MILESTONE WITH DEPLOYMENT OF ETHEREUM-BASED SMART
   CONTRACTS FOR XRPL SIDECHAIN
   
   
   BLOCKCHAIN.COM INVESTORS REMAIN UNDETERRED DESPITE RUTHLESS CRYPTO WINTER

 * About
    * About Us
    * Our Team
    * Contact Us
    * Advertise & Partner with EWN

 * 

Reading
$MATIC Sees A Massive Spike In Whale Transactions Following META’S Announcement
ShareTweet
Altcoin NewsNews


$MATIC SEES A MASSIVE SPIKE IN WHALE TRANSACTIONS FOLLOWING META’S ANNOUNCEMENT

By Nick Cannonon November 4, 2022

Summary:

 * MATIC’s price has gone up by 33% in the last month.
 * Since Polygon announced that Meta had selected them for minting digital
   collectibles, MATIC has seen a surge in on-chain activity.
 * A price/network growth divergence, usually followed by a price retracement,
   might be underway.

Following the confirmation of tech giant Meta’s decision to let its users mint
and sell Polygon-enabled digital collectibles, MATIC reached a new on-chain
milestone on 3 November, data from Santiment showed.

According to the on-chain data analytics platform, MATIC logged its highest
daily count of whale transactions that exceeded $100,000 since February. A total
of 302 $100k+ whale transactions were recorded. 

The surge in transactions count on the network led to a corresponding rally in
the price of the altcoin. As a result, per Santiment, MATIC saw an intraday
trading rally of 15% on 3 November. Still, in an uptrend at press time, data
from CoinMarketCap showed that the price of the 11th-ranked cryptocurrency asset
was up by 20% in the last 24 hours. Moreover, its trading volume increased by
over 65% within the same period.


OCTOBER TO REMEMBER 

The last month was marked by a series of significant ecosystem development for
the layer 2 blockchain. Within the 31-day period, Polygon saw integrations with
leading blockchain protocols and entered into new partnerships with other
leading projects. 





In addition to this, the number of unique addresses on the network crossed 13
million, putting it ahead of Ethereum, which registered 6.8 million unique
addresses in October. 






ALL YOU MUST KNOW

As of this writing, MATIC sold for $1.13. In the last month, the price per MATIC
went up by 33%. This led to a rally in its MVRV ratio on a 30-day moving
average, thereby causing its holders to see profits on their MATIC holdings.
According to data from Santiment, MATIC’s MVRV ratio on a 30-day moving average
was 33.17%. This meant that if all MATIC holders sold their coins at the current
price, they would record double profits on their investments.

Source: Santiment

Also, as MATIC’s price climbed in the last month, its supply on exchanges
declined as well. This indicated that fewer MATIC sell-offs had taken place in
the last month, and that investors remained confident that the alt’s price would
continue to rise. 

Source: Santiment

Lastly, yesterday’s rally in price led to a surge in the count of new addresses
on MATIC’s network. According to Santiment, the daily count of new addresses on
the network yesterday was 3559. It is pertinent to note that a decline in this
metric and continued growth in price would hint at the formation of a
divergence. This usually indicates that a local top has been reached and new
buyers are no longer coming in.

Source: Santiment
Share
FacebookTwitterRedditWhatsappMessenger
Nick Cannon


 * 
 * 

 * Advertise & Partner with EWN
 * About Us
 * Contact Us
 * The EWN Team
 * Terms of services and Privacy policy

Copyright Ethereum World News® (EWN) - all rights reserved

 * Ethereum
 * Bitcoin
 * DeFi
 * NFTs
 * Latest
 * Press Release
 * About
   * About Us
   * Our Team
   * Contact Us
   * Advertise & Partner with EWN

 * 
 * 


Start typing to see results or hit ESC to close
bitcoin cryptocurrency Ethereum (ETH) Bitcoin (BTC) General News crypto
See all results


ETHEREUM WORLD NEWS

Get the scoop on crypto - sign up for our Newsletter
[mc4wp_form id="512"]