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A Brief Overview Of Polkamon

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Polkamon is exquisitely animated digital collectibles, with each having varying scarcity. These Polkamon’s are backed by a unique NFT that is indistinguishable from any other NFT and can be unpacked using $PMON tokens, the platform’s native ERC20 tokens. Each collectible on Polkamon is inimitable, authentic, and differs in rarity. The collectibles can be integrated into several blockchain-based products, modern games, and art.

Each Polkamon has a different shape and characteristic. Some of these characteristics are color, glitter, horn, and ultra-rare. The Polkamon are in different colors and hues, which represent a shade of colors of the rainbow. The rarest Polkamon has glitter on them, and although each has a horn, the shape of the horn is different. The ultra-rare Polkamon is described as the diamonds of the Polkamon universe as they are extremely difficult to find (due to limited mintage).

Polkamon Collaborative Partnership

Partnerships in any market are meant to propel the involved parties forward by opening them up to more customers and use cases. Polkamon had various partnerships in the recent past that are meant to benefit the platform in its cross-chain journey.

Polkamon partnered with Polygon to benefit from extremely low transaction fees and the Chainlink integration. The partnership serves to bring Polkamon closer to its goal of making the platform easily accessible and cheaper for users. Through the partnership, Polkamon will use Polygon to fetch random numbers from Chainlink’s VRF while also leveraging this partnership to launch a special limited-edition Polygon-themed Unifairy.

Working Of Polkamon
Working Of Polkamon

The start of April was marked by yet another partnership with Elrond, the internet-scale blockchain designed to bring a 1000-fold cumulative improvement in throughput and execution speed. The partnership is meant to bring the Manifold Universe of Polkamon to Elrond. Through the partnership, Polkamon took a step towards making Polkamon more accessible to its users. According to the announcement, Polkamon will be fully integrated into the Elrond blockchain by Q3 2021, allowing collectors to take advantage of Elrond’s superior UX when opening Boosters and minting NFTs (while also benefiting from lower gas fees). This partnership also saw the launch of a limited edition Elrond Uniragon.

Polkamon & Elrond Partnership
Polkamon & Elrond Partnership

Polkamon recently announced its recent partnership with the Tixl organization, which uses the TXL token to build a single high-performance network for a new era of DeFi, payment, and banking. Polkamon will use Tixl’s decentralized cross-chain bridge to allow ERC20-BEP20 transactions, so the bridge will allow users to swap $PMON ERC20 to $PMON BEP20 at a small transaction fee. Polkamon created a special edition Tixl Unibranch to commemorate this partnership.

Polkamon also announced that its Manifold Universe would be introduced to BSC in Q2 of 2021. This will allow users to buy $PMON on BSC using Pancakeswap. This new development will be made possible by the Tixl partnership, as its bridge will make Polkamon available in BSC DEXs. Therefore, users can use $PMON bought on BSC to open Booster packs on the Ethereum network.

Polkamon Staking

The Polkamon Team is committed to timely upgrades to its platform as well as fulfilling the roadmap promises. As such, it has launched its staking platform that has provided another compelling upgrade to $PMON metrics, with the ability to earn additional tokens while staking. The Team has recently launched an iOS app to allow users to access and enjoy the manifold universe of polkamon via their mobile devices.

The introduction of the staking pool comes with a daily minimum for the rewards, whereby for the first 90 days, 200$PMON will be removed from the fee wallet and added as rewards to stakers. The platform will reward those who stake for longer periods by providing a boost to their participation in their staking pool.

To participate in staking, users are required to lock up their tokens. However, the rewards from staking are not locked, and users can access them at any time. Therefore, they can be withdrawn and used to restake or open booster packs.

Polkamon has also made it possible for users who stake at least 100 $PMON to be eligible to participate in planned weekly and monthly special edition Polkamon NTF airdrops. Through this mechanism, users have the opportunity to own rare and valuable Polkamon.

The staking mechanism is used to reward active users and attract more to the platform and staking pool. Users can stake multiple times from their account and receive multiple staking NFTs in return.

Looking Forward

Polkamon’s continued partnerships have allowed the platform to introduce rare NFTs and collaborate with other platforms in the blockchain space.

The NFT market has grown in leaps in 2020 and 2021 with the launch of innovative platforms offering value to users. Polkamon has created a unique ecosystem where users can experience the thrill of unveiling rare digital monsters unavailable on any other platform. The technology behind this platform ensures that there is a continued increase in scarcity of the NFTs, such that a user can hold their unique collectible with the confidence that it will gain value with time.

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What is Fuelling the Rally in DigiByte Cryptocurrency?

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The DigiByte ecosystem is built with an emphasis on speed and security, which are often identified as limitations on different blockchains. DGB uses a proof of work algorithm to validate and complete a transaction.

With a strong price action witnessed on DGB, we can expect it to reach 10 cents valuations shortly. The current DGB price is facing some resistance from its 100 DMA that has coincided with the wicks on daily chart candles.

DigiByte Price Analysis

One day chart with Support Levels, Resistance, Moving Average, and MACD indicator

DigiByte has an active support range at $0.0500 levels on the immediate downside and resistance at $0.0791 levels. In order to remain in trend there needs to be some profit booking or consolidation, straight-line upside momentum often carries the risk of sudden profit booking induced by some new development.

DGB is for now trading in a bullish zone with immense buying interest. The MACD indicator shows chances of the rally to continue without consolidating but, DGB should halt its rate of progression in between to continue with the upside movement. Its 100 DMA comes out at around $0.06252 levels.

One hour chart with Support Levels, Bollinger, and MACD indicator

DGB shows an immense increase in volumes over the last few hours indicating increased participation from buyers and sellers of this cryptocurrency. As MACD is nose-diving towards the red zone we expect some retracement from current levels and a second attempt at breaking the recent high created at $0.066 levels based on our DigiByte forecast.

Support on hourly charts comes out to be at $0.0579 with Bollinger Bands hitting newfound volatility. The widening of Bollinger bands indicates scope for higher volatility and continuation of the upside movement. For now, DGB seems to have taken support from the lower end of the mean average line and faces some turbulence at the mean average line indicated by red.

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TRON Negates the Fall in Valuation with Strong Buying!

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TRON has climbed huge mountains after its release in 2017 and has posted over 17650% of gains from its launch value in 2017 to September 2021. The value of TRX has undergone a huge change from $0.0022 levels to the current value of $0.9265 levels. TRON currently ranks amongst the top 30 cryptocurrencies with a market capitalization of over $6 billion with a circulating supply of 71 billion coins.

The value of Tron is straight forward a derivative of its exposed circulating supply and its potential. Comparing the numbers, TRON can process 2000 transactions per second compared to just six transactions per second of Bitcoin and 25 of Ethereum. Just comparing the numbers gives the transactional capability of TRX and its upscaling potential.

TRON has mostly focused on content creators and has used TRX coin as a way of rewarding content creators through its rewards. It even allows creators to develop their tokens and decentralize the gaming sector. Positioning itself as a content creator supporting ecosystem has enabled creators to connect directly with potential customers, eliminating centralized platforms. Considering the upscaling potential of Tron, people interested in investing here should hold their positions.

TRON Price Analysis

TRON retraced most of its lost value within a short time interval and is headed back towards $0.11 targets with a furious buying sentiment.

TRON Price Analysis

TRON underwent a surprise fall in its value within a concise time interval. The fall was responded with a huge buying action, almost equaling the selling volume on September 07 in the following day. TRON has once again jumped back to $0.0933. Surpassing the support zone will push the TRX price towards the close resistance of $0.11.

RSI levels have also jumped towards 52 from a steep decline, but the major uncertainty in sustaining the gains. If sellers activate their trades, we will witness a significant fall to the tune of its 100 DMA levels. As of now, TRON can be seen respecting its 200 DMA level of $0.08254. It is attempting a fresh price breakout but is more likely to close in an uncertain candle with wicks on both ends.

TRON price prediction

Hourly charts show consolidation as a large part of the trading action on TRX. It consolidates in a narrow range before giving a breakout and again consolidates within a narrow range. This price action is continuing, and there is a high probability of another breakout towards $0.100 levels. MACD on hourly trades has become positive again, and so has the RSI levels. RSI is now trading at above 50 levels. Combining all these indications and our TRX coin price prediction, one should hold their investments.

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MATIC: Can It Become the Bridge of Interoperability

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Polygon MATIC intends to resolve the problems of the Ethereum network to promote better incorporation of blockchain technology. Polygon came into play as Ethereum transaction fees increased to a level that started to affect scalability.

Polygon has also started to develop its network to support the Ethereum Defi Ecosystem. Another positive news coming in the Polygon counter is Mark Cuban’s unrevealed investment in Indian cryptocurrency, MATIC. This investment news at a time when all crypto counters are witnessing consolidation of profit booking has the potential to fuel another bull run MATIC.

In our MATIC price analysis, we have covered the technical chart and possible breakout zones, as this news can also cause a profit-booking by some. The only trouble to MATIC’s bull run could be ETH 2.0 scalability solutions launch. We know MATIC is working on building layer 2 solutions on the Ethereum network, hence it will be an interesting aspect to decide the future of MATIC.

Could MATIC Win the Ethereum Scaling Race?

Listing of the MATIC token on the Coinbase crypto trading platform has been a ground-moving reason for this cryptocurrency. The MATIC token is used as a transaction fee on all the dapps built using a polygon.

Polygon (MATIC) is currently emphasizing sustainable NFTs with the latest integration. Its Proof of stake mechanism offers better energy efficiency as compared to the Proof of work mechanism used by Ethereum. By moving the NFT transactions away from the main blockchain of Ethereum, Polygon is creating a sustainable market of itself.

The growth lead of Polygon even mentioned the prospects behind incorporating NFT as their blockchain network. Polygon joined the Polkastarter council on May 27, 2021, which is an independent authority that works on the selection process of Polkastarter IDOs. This can be a revolutionary event in scaling the value of the MATIC.

What does the Future Hold for the MATIC?

MATIC has a fixed token supply, a low market capitalization, and works on a network that is increasing its reach are some of the factors fueling further boost in this token. As of now, this cryptocurrency has become the 12th largest digital asset.

MATIC has moved up from the lows of $0.68 on 1st May to $2.89 on 19th May. The volatility of every cryptocurrency is the result of major profit booking and coin dumping. But even so, how does the MATIC coin price prediction fare with the expectation of the crypto-enthusiasts.

MATIC coin price prediction

MATIC price is currently trading well above all its important moving averages. There is a significant movement, which has pushed this coin over the $2 range twice. Currently, the price action is respecting its 30-day moving average. This cryptocurrency has been trading well above its important moving averages. Even in the short term support level of 30 days moving average.

If it fails to take support from its 7 days moving average, the prices could plummet to the $1.3 range. Although given its price action, such a level would be a good buying range. In the long run this coin seems positive as it is respecting the important levels.

MATIC News

Polygon Matic has been witnessing some stiff resistance near its all-time high. Earlier on May 19, the MATIC price fell from the same range during the profit booking session across the crypto market. MATIC coin, however, rebounded from just below $1 valuational to reclaim its previous high.

As evident from the chart patterns, the $2.45 levels will be instrumental for this crypto to reach new heights. There seems to be a support building near its last resistance levels, but any sell-off can push this coin back to the $0.80 range.

RSI indicator is also closing the oversold zones, indicating some weakness in the short term. A rebound from these levels can push MATIC to battle the stiff resistance around $2.45 and test its all-time high.

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