Crypto analysis of MATIC, Elrond and Chainlink

We continue our analysis of the crypto world with regard to news and prices, today in particular we will analyze three very interesting projects, Polygon (MATIC), Chainlink (LINK) and Elrond (EGLD), which we now know as MultiversX.

Overall, what can be analyzed is that none of the three projects in the last thirty days has performed negatively. All three cryptocurrencies have brought an increase in their market value, a symptom of growth and recovery of the whole sector.

Summary

• The market prices of the crypto assets Polygon (MATIC), Elrond (EGLD) and Chainlink (LINK)
• Polygon becomes the second largest network for blockchain games
• Chainlink collaborates on a unique charity art exhibition at NFT.NYC to capture the billion-dollar NFT market

The market prices of the crypto assets Polygon (MATIC), Elrond (EGLD) and Chainlink (LINK)

Going into specifics, we will see a more detailed analysis regarding the market statistics of the three crypto assets.

Starting with Polygon, which has remained very stable regarding price fluctuations in the last period. Its MATIC token has risen 6% in the past thirty days, bringing the value of the token to $1.12.

Polygon has a market capitalization of $10.3 billion, with a daily trading volume of about $250 million. It has a large circulating supply of MATIC of about 9.2 billion, with an average holding time of 115 days.

Polygon ranks 7th in popularity, and although the all-time high of $2.92 is far away, market analysts have predicted that the token will soon reach $3.

Moving on to Elrond, which has changed its name and is now known as MultiversX.

The EGLD token has risen nearly 12% in the past month, with a decidedly stable fluctuation.

Looking more closely at the market statistics, we see the market capitalization of the project to be $1 billion, with a trading volume (24 hours) of $26.1 million.

The circulating supply of EGLD is not very high, there are 25.3 million of them, with an average retention time of 18 days.

Currently the MultiversX token can be found at a price of $40.93.

Yet the one who has experienced the greatest growth is Chainlink (LINK), in the past month the token has increased its value by 18%, setting its price at $7.35.

The market capitalization is $3.8 billion, with a daily trading volume of $198.8 million. The circulating supply is 517.1 million LINK, with an average holding time of as many as 111 days.

Polygon becomes the second largest network for blockchain games

Polygon, a layer-2 scaling solution for Ethereum, recently became the second largest blockchain games network with 138,081 unique active wallets (UAW) engaging in games in March, according to the “Blockchain Games Report” published by decentralized application analytics (dApp) platform DappRadar.

The number of UAW engaged in games on Polygon increased by 53% compared to February, placing Polygon well ahead of Hive and BNB Chain, which ranked third and fourth, respectively, with 84,000 and 80,000 UAW. However, Wax remains the leader with 314,000 UAW.

Polygon has become increasingly popular as a scalability solution for Ethereum, as it aims to solve problems related to high gas fees and slow transaction times on the Ethereum network.

Using Polygon, developers can build and deploy decentralized applications (dApps) that offer faster and cheaper transactions, making them more accessible to users.

The rise of the blockchain game has been one of the most significant trends in the blockchain industry in recent years, as it provides a new and exciting way for users to interact with decentralized applications.

The ability to earn cryptocurrencies by playing has also made blockchain gaming more attractive to a wider audience.

Good increase in the number of UAWs engaging in gaming on Polygon testifies to the platform’s effectiveness as a scaling solution for Ethereum. By offering faster and cheaper transactions, developers can create more engaging and interactive games that attract more users.

In addition, Polygon has a strong community of developers who are constantly building new and innovative dApps on the platform. With the support of this community, Polygon is well positioned to continue its growth and become the platform of choice for blockchain games.

Chainlink collaborates on a unique charity art exhibition at NFT.NYC to capture the billion-dollar NFT market

Chainlink, the decentralized oracle network, has partnered with NFT.NYC to host a unique charity art exhibition to conquer this billion-dollar market.

The event will showcase the power of Chainlink’s decentralized oracle network in creating secure and tamper-proof NFTs that cannot be duplicated or counterfeited. The exhibition will feature artwork by some of the world’s most renowned artists, including Trevor Jones, Mad Dog Jones and Osinachi.

All proceeds from the sale of these artworks will be donated to various charitable causes, making this exhibition a noble cause for art lovers and collectors.

The event, to be held on 20 May 2023, will also feature talks by industry experts, including Chainlink founder Sergey Nazarov and NFT.NYC founder Aaron Dupree. The exhibition will offer attendees a unique opportunity to network and learn more about blockchain and NFTs.

Chainlink has been at the forefront of providing secure and reliable decentralized oracle services to the blockchain industry. Its oracle network ensures that smart contracts are executed accurately and efficiently, enabling the creation of tamper-proof NFTs.

Chainlink’s collaboration with NFT.NYC testifies to the potential of decentralized technologies in transforming traditional industries.

The art industry has traditionally been exclusive and dominated by a few wealthy individuals and institutions.

However, the emergence of NFTs has democratized the industry, enabling anyone to own and exchange digital art.

The charity art exhibition organized by Chainlink and NFT.NYC aims to make art accessible to a wider audience and give back to society.

The event is expected to attract art collectors, investors and enthusiasts from around the world. It will be an opportunity to view some of the most unique and rare digital artworks while contributing to a good cause.

Thanks to Chainlink’s secure and reliable oracular network, attendees can be assured that the artworks on display are authentic and cannot be duplicated or counterfeited.

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