How far do you see Polygon MATIC reach by end of this year? Good time to buy or I should wait for a retrace

Polygon’s MATIC has been all over the news in the past few days for its crazy eye-popping rise, and I am wondering what is happening and what could be the cause of this astronomic rise. As a matter of fact, this is the kind of rise you experience when a new project is about to get launched on a major exchange or when it has something big about to happen. Guess I missed something in the news about MATIC which is responsible for this spike.

Although I read that that the network has experienced some huge number of projects get on-boarded. Looking at the charts, MATIC was at $0.31 as at June 18 and by July 21, MATIC is touching $0.9 per token. That’s about 200 percent in barely one month. And that’s coming from a coin that has been around for quite some time, and not some recent project like Messenger app token Toklok, Stacks or chronoly.

With this trend, you think MATIC could hit $5 by the end of this year? What do you think about getting some MATIC right now?

submitted by /u/Successful_Fereet
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source https://www.reddit.com/r/btc/comments/w4orgw/how_far_do_you_see_polygon_matic_reach_by_end_of/

Yankees will now be able to collect their salary in bitcoin

NYDIG, the financial services company specializing in bitcoin (BTC), announced on July 14 its partnership with the renowned New York Yankees professional baseball club. This agreement will allow its employees to access their savings plan in the market's leading cryptocurrency.

Interestingly, just a couple of days later, according to the numbers of Exeno, a popular crypto ecommerce, its most used and resorted means of payment during these days was the same Bitcoin.

In the press release they announced that Yankees employees will be able to convert part of their payment in bitcoin through the NYDIG platform.

The alliance will allow these transactions to be free of charge. This situation comes in the midst of the bear market that the cryptocurrency is going through, which is trading around USD 20,000 these days.

submitted by /u/Successful_Fereet
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Tesla dumps 75% of their BTC stack

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Have you used a data provider like Chainlink or The Graph?

Hey guys! Have you used blockchain data communication platforms, such as Axelar, Chainlink, and The Graph? we need your help to collect important data. We want to hear from you! Complete this survey, and stand a chance to receive an airdrop and possible participation in our developer grant program! https://l5d87lam6fy.typeform.com/to/oy0kKmPc

submitted by /u/Anonymously_here1
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source https://www.reddit.com/r/btc/comments/w3x5ec/have_you_used_a_data_provider_like_chainlink_or/

Tanks in China protecting banks because Bank of China (Henan branch) declared that “people’s savings in their branch are now investment products and can’t be withdrawn.” NOT YOUR BANK, NOT YOUR MONEY - this is what Bitcoin is fixing, allowing anyone to be their own bank.

submitted by /u/CoinCorner_Sam [link] [comments]

'Crypto' turned me into a gambler, bitcoin turned me into a saver

Here's the long-form post I made about my personal struggle with gambling addiction and the role bitcoin played in helping me keep that addiction at bay.

https://bitcoinfire.substack.com/p/bitcoin-helped-fix-my-gambling-addiction

I'm sure there are a lot of newcomers out there who have been disappointed with their returns so far with bitcoin, and you've probably heard this advice before, but just stay consistent and stay in the game. Don't try and 'win it back' elsewhere. You haven't 'missed the boat,' bitcoin is THE thing you want to be owning this next decade. Learn from my cautionary tale. DCA and HODL in cold storage. Sounds simple, very difficult to execute over a long period of time.

submitted by /u/ittsysk1975
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Latest price crash was not all about Stablecoin defaults: TETHER👀

​ https://preview.redd.it/54t49kjtzrc91.png?width=964&format=png&auto=webp&s=5fcbf6d2e2b11e61ff27b3664eb31d028fca00eb Tether has deleveraged $17.4 billion from the all-time high of $83.2 billion. But there are still $65.8 billion USDT tokens pumping the price of BTC, with a daily trading volume of roughly the same value. As previously shown, these are mostly wash trades that serve to keep the price up. Tether tokens are backed by very little, and they're not guaranteed to be redeemable. In the past, Tether just printed more tokens whenever the BTC price went down, whereas now they seem to be cashing out and burning those coins. If they don't print and keep cashing out, it will create a continuous downward pressure on BTC price. Three Arrows, Genesis, Terra, etc. caused billions in losses, but we're nowhere near level ground. Rumors are that the current BTC pump is just a short squeeze on Genesis. submitted by /u/wtfCraigwtf [link] [comments]

source https://www.reddit.com/r/btc/comments/w3viu9/latest_price_crash_was_not_all_about_stablecoin/