Polygon (MATIC) Skyrockets 32% After Strong Backing from Tech Billionaire Mark Cuban

The price has Polygon (MATIC) Skyrockets 32% today making its move above $2.0 At press time, MATIC is trading at $2.13 with a market cap of $13.1 billion. The recent price rally comes as tech billionaire Mark Cuban officially announced his support to the Indian blockchain startup. Polygon, formerly known as Matic Network, is a protocol and framework for building and connecting Ethereum-compatible blockchain networks. Polygon (MATIC) Skyrockets 32% After Strong Backing from Tech Billionaire Mark Cuban.

Ripple enters the NFT space to lower gas fees as XRP price tiptoes above $1

Ripple intends to deal with high gas fees in the non-fungible token (NFT) marketplaces. Despite the NFT flooding the cryptocurrency space headlines, especially in the first quarter of 2021, high gas fees have almost crippled the sector. On the brighter side, Ripple has made public the plan to combat the challenge by integrating the NFT marketplaces on the XRP Ledger. 

BTC needs to break $40,000 to validate the uptrend toward $50,000

Bitcoin has proved to investors that it can come out of the ditch it fell into last week by gaining considerable ground to $40,000. However, increasing scepticism in the market limits Bitcoin’s ability to continue with the uptrend. BTC corrected from highs around $40,000 but secured support at $36,400.

Cardano (ADA) Hits 1 Million Wallet Milestone Ahead of Smart Contract Implementation

The Cardano (ADA) network has hit a new milestone, as one million wallets have now been created on it. The milestone was reached at a time in which thousands of new wallets are being created every day as presumably more users join the network. ADA tokens in circulation, worth nearly $34 billion, are staked across the world in nearly 2,500 active pools.

1INCH price hits a new record high

Crypto-Labs | By Anubha Singh