Day: January 26, 2023

Rallies 10%, Polygon Bulls Aim Big

Aayush Jindal

MATIC price started a fresh increase from the $0.920 support zone. Polygon bulls are now aiming more gains above the $1.12 resistance zone. MATIC price started a fresh rally above the $0.98 resistance against the US dollar. The price is trading above $0.98 and the 100 simple moving average (4-hours). There was a break above a key contracting triangle with resistance near $1.02 on the 4-hours chart of the MATIC/USD pair (data source from Kraken). The pair could continue to rise towards the $1.18 and $1.20 resistance levels. Polygon’s MATIC…

Critical Hit? Dungeons & Dragons-Inspired Web3 Game Pivots Amid NFT Ban

Anthony B

When leaks about an upcoming Dungeons & Dragons license shakeup surfaced earlier this month, many fans and creators were aghast at apparent changes that could limit their ability to make derivative games, shows, and other content. But ultimately, NFTs proved to be the biggest target—concerning news for Web3 gaming company Gripnr, which was building a project that attempts to capture the allure of the fantasy-themed tabletop smash for a new era. Now the firm is changing course as it becomes clear that D&D’s parent company wants nothing to do with…

Optimism’s OP Token Hits All-Time High as Layer 2 Adoption Interests Grow

Jocelyn Yang

Optimism and other layer 2 scaling systems such as Arbitrum are supposed to make transactions on the Ethereum blockchain cheaper and faster. After Ethereum completes its EIP-4844 upgrade, also called proto-danksharding, later this year, it will make transaction fees on layer 2s even “an order of magnitude cheaper,” Marc Arjoon, Ethereum research associate at CoinShares, wrote in a note. Author: Jocelyn Yang Source link