Mooners and Shakers: Polygon’s MATIC pumps on Disney news; Ethereum, Bitcoin and DeFi coins climb
Mooners and Shakers is sponsored by Dacxi, the world’s first purpose-built Crypto Wealth platform.
So you’d think news of the worst US inflation in 40 years might’ve “rekt” the crypto market further. Well, not yet it hasn’t. In fact, some coins, including Polygon’s MATIC, have been surging.
And more generally speaking, at the time of writing the crypto market is up compared with this time yesterday when the market still had a quivering bottom lip about the 9.1% CPI US inflation figure.
We’ll take a gander at today’s price action in a sec, but first a quick look at a few crypto news items…
News: Polygon pumps; NFT growth outlook; Yankees team with NYDIG
• Polygon, the layer 2 Ethereum scaling solution, has been selected for Disney’s 2022 Accelerator Program. And that’s apparently because Disney wants to help build out the protocol’s Web3 development.
Only six projects are accepted into the program, which this year is focusing on augmented reality (AR), nonfungible tokens (NFTs), and artificial intelligence (AI), according to a statement from The Walt Disney Company.
• The NFT market‘s overall value is predicted to grow to about US$230 billion by the year 2030, according to Cointelegraph, which referenced a comprehensive report conducted by global research and consulting firm Verified Market Research. VMR last valued the sector at about US$11.3 billion in a 2021 202-page report.
• The New York Yankees baseball club is partnering with NYDIG, a leading Bitcoin-focused company, in a multi-year deal. It will make NYDIG the Yankees’ official “Bitcoin payroll platform”, according to a statement, and will offer the club’s employees access to NYDIG’s Bitcoin Savings Plan.
Top 10 overview
With the overall crypto market cap at US$950 billion and up 4.7% since this time yesterday, here’s the current state of play among the top 10 tokens — according to CoinGecko.
At least one prominent chart gazer has been promoting bearish breakdown possibilities for Ethereum (ETH)… while others have spotted more positive signs in the technical patterns.
Fact is, the top altcoin is leading the daily charge in the crypto majors, with a healthy 7.4% gain (at time of publishing). Maybe positive sentiment around the protocol’s developing PoS Merge upgrade is building momentum…
Uppers and downers: 11–100
Sweeping a market-cap range of about US$7.4 billion to about US$393 million in the rest of the top 100, let’s find some of the biggest 24-hour gainers and losers at press time. (Stats accurate at time of publishing, based on CoinGecko.com data.)
DAILY PUMPERS
• Polygon (MATIC), (market cap: US$5.4 billion) +22%
• Synthetix Network (SNX), (mc: US$623 million) +18%
• Uniswap (UNI), (mc: US$2.98 billion) +18%
• Elrond (EGLD), (mc: US$1.28 billion) +15%
• Arweave (AR), (mc: US$666 million) +15%
• Quant (QNT), (mc: US$1.25 billion) +14%
- Aave (AAVE), (mc: US$1.15 billion) +14%
- Curve DAO (CRV), (mc: US$424 million) +12%
Read the full article: https://stockhead.com.au/cryptocurrency/mooners-and-shakers-polygons-matic-pumps-on-disney-news-bitcoin-ethereum-and-top-defi-coins-climb/
