As Polygon Becomes a Risky Bet, Investors Move Funds to Bitcoin Cash and Wall Street Memes | Bitcoinist.com

Bitcoinist
Bitcoinist

30 Jun 2023 4:08 AM

Polygon (MATIC) continues to lose its edge in the market, recording a 31.7% plunge on the monthly chart. Despite attempts at price recovery last week, MATIC...

  • Polygon (MATIC) has experienced a 31.7% drop on the monthly chart and is struggling to recover.
  • The key resistance at $0.7 has prevented MATIC from rebounding to $1.
  • Robinhood's decision to delist cryptocurrencies on the SEC's radar has negatively impacted Polygon and other high-cap cryptocurrencies.
  • Ethereum's move towards a greener blockchain ecosystem poses a threat to Polygon's market relevance.
  • Bitcoin Cash (BCH) has gained 114.1% in the last two weeks, benefiting from the broader market upturn.
  • BCH's listing on EDX Markets and support from traditional-finance heavyweights have increased social interest in the project.
  • Wall Street Memes, a meme coin in the presale stage, has surpassed the $11M milestone and has a vibrant online community.
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Why is Polygon (MATIC) struggling in the market and losing its market relevance?How has Robinhood's decision to delist cryptocurrencies impacted Polygon and other high-cap cryptocurrencies?What factors have contributed to Bitcoin Cash's recent gains and rise in prominence?What are the key highlights of Wall Street Memes and why has it gained significant attention in the market?What is the sentiment towards Polygon, Bitcoin Cash, and Wall Street Memes in the market?

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