U.Today has compiled the top four news stories of the past.
Polygon unveils three major milestones to be launched in 2022
on January 3, polygon Published a blog post reviewing its achievements in 2021 and teasing the community with three major developments for 2022. In the first quarter of 2022, the Polygon blockchain will be included in Opera’s web3-ready browser and built-in crypto wallet for Android. Later this year, in the second and third quarters of 2022, the Layer 2 platform will launch the Polygon Hermez and Polygon Midden public testnets. Last, but not least, EIP-1559 will introduce the burning of MATIC tokens and better fee visibility.
XRP chart forms this familiar pattern ahead of January events
Traders and analysts identified a familiar pattern Formed by XRP, which is considered by most experts to be a bear market signal. The MA 50 is crossing below the MA 200, creating a “death cross”, commonly referred to as a lagging indicator, because by the time the crossover occurs the market is oversold. However, there is a glimmer of hope – the previous XRP “death crosses” in February 2021 and July 2021 have caused the XRP price to climb later.
According to this indicator, SHIB and ADA provide current buying opportunity
Sentiment’s MVRV indicates that, in terms of average trading returns, shiba inu and cardano Most are neutral, which suggests a buying opportunity. Shiba Inu price recently got stuck in a tight limited trading range. According to analysts, a tight trading range at low volumes is usually a very good indicator of an imminent move. As for Cardano, it saw a steady decline in price after reaching an ATH of $3.16 in September 2021, amid the announcement of the Alonzo hard fork. A steady decline is considered a lagging indicator, as the market is oversold by the time the crossover occurs. As suggested by most analysts, a price bottom could be near.
SHIB Whale buys $300 million worth of tokens
As per the latest on-chain data, Shiba Inu Ethereum has once again become the largest holding on whale-tier addresses as large SHIB investors bought $300 million worth of mem-tokens. The reason for the increase in the value of whale holdings could be related to both the price increase on the Shiba Inu and the large purchase of tokens from whales. While Shiba Inu volume, active address count and net inflows do not show any positives, market volume remains at $3.7 million and is showing a decrease of 86%.