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Cardano Has Rough Week While Polygon Continues Its Growth This Week

US Fed officials believe that interest rate hikes need to be slowed down.Polygon has enrolled several multi-billion dollar brands into the ecosystem.Two Cardano projects are...
Cardano Has Rough Week While Polygon Continues Its Growth This Week Cardano Has Rough Week While Polygon Continues Its Growth This Week
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  • US Fed officials believe that interest rate hikes need to be slowed down.
  • Polygon has enrolled several multi-billion dollar brands into the ecosystem.
  • Two Cardano projects are halted due to funding constraints.

Yesterday, the crypto market rallied as the US Fed minutes revealed that officials thought they should slow down interest rate hikes. This comes after a 75 basis point hike earlier this month. It is now forecasted that an interest rate hike of 50 basis points will occur this December.

One project that is standing out in this crypto bear market is Polygon (MATIC), which has consistently demonstrated that it can still enroll large brands despite a significant crypto market downturn.

Brands that have been added to the MATIC ecosystem include Nike (NYSE:NKE) which has announced plans to roll out digital apparel NFTs; Starbucks (NASDAQ:SBUX) is launching an NFT-driven loyalty rewards program; and Reddit is minting unique NFT avatars.

Meta will also be partnering with Polygon to allow Instagram users to mint NFTs, and Disney will be entering into an NFT collectible partnership with Polygon.

Cardano has, however, had a rough week as two projects have suddenly halted development and one was dumped shortly after launching. First is Orbis, which is a project that was building a Layer-2 ZK-rollup on Cardano.

The project promoted an NFT mint a week ago, then announced that 50% of the NFTs were sold out, but then announced that its public NFT sale would be halted and would resume soon. However, two days ago, they announced that the Orbis project has reached a constraint in funding and that the project will have to be halted until they are able to access funding.

Ardana also halted its development yesterday as it also had issues with funding. Lastly, Indigo’s launch didn’t go as planned as a single wallet dumped around 35,000 of the project’s native token, causing its price to plummet shortly after public sales went live.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post Cardano Has Rough Week While Polygon Continues Its Growth This Week appeared first on Coin Edition.

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26-11-2022 19:25:26 (UTC+7)

EUR/USD

1.0402

-0.0006 (-0.06%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (3)

EUR/USD

1.0402

-0.0006 (-0.06%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (3)

GBP/USD

1.2095

-0.0015 (-0.12%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

USD/JPY

139.12

+0.51 (+0.36%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (4)

AUD/USD

0.6751

-0.0013 (-0.18%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (5)

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USD/CAD

1.3377

+0.0040 (+0.30%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (5)

EUR/JPY

144.66

+0.40 (+0.27%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (4)

EUR/CHF

0.9835

+0.0019 (+0.19%)

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Neutral

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Buy (5)

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Gold Futures

1,755.00

+9.40 (+0.54%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (6)

Silver Futures

21.480

+0.113 (+0.53%)

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↑ Buy

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Copper Futures

3.6175

-0.0005 (-0.01%)

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↑ Buy

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Crude Oil WTI Futures

76.55

-1.39 (-1.78%)

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Buy

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Brent Oil Futures

83.91

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Natural Gas Futures

6.802

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US Coffee C Futures

164.40

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Euro Stoxx 50

3,962.41

+0.42 (+0.01%)

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↑ Buy

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Sell (2)

S&P 500

4,026.12

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Neutral

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DAX

14,541.38

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FTSE 100

7,486.67

+20.07 (+0.27%)

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↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

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Hang Seng

17,573.58

-87.32 (-0.49%)

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Neutral

Moving Avg:

Buy (8)

Sell (4)

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Sell (5)

US Small Cap 2000

1,869.19

+6.37 (+0.34%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

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Buy (5)

Sell (2)

IBEX 35

8,416.60

+37.20 (+0.00%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

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Sell (6)

BASF SE NA O.N.

49.605

-0.280 (-0.56%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

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Bayer AG NA

55.45

-0.06 (-0.11%)

Summary

Sell

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Allianz SE VNA O.N.

205.35

+0.40 (+0.20%)

Summary

↑ Buy

Moving Avg:

Buy (10)

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Adidas AG

123.98

-2.68 (-2.12%)

Summary

Neutral

Moving Avg:

Buy (6)

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Deutsche Lufthansa AG

7.567

+0.036 (+0.48%)

Summary

↑ Sell

Moving Avg:

Buy (4)

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Siemens AG Class N

132.06

+1.10 (+0.84%)

Summary

↑ Buy

Moving Avg:

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Deutsche Bank AG

10.390

+0.020 (+0.19%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

    EUR/USD 1.0402 Neutral  
    GBP/USD 1.2095 ↑ Buy  
    USD/JPY 139.12 Neutral  
    AUD/USD 0.6751 Neutral  
    USD/CAD 1.3377 Sell  
    EUR/JPY 144.66 ↑ Sell  
    EUR/CHF 0.9835 Neutral  
    Gold 1,755.00 Sell  
    Silver 21.480 ↑ Buy  
    Copper 3.6175 ↑ Buy  
    Crude Oil WTI 76.55 Buy  
    Brent Oil 83.91 ↑ Sell  
    Natural Gas 6.802 ↑ Sell  
    US Coffee C 164.40 ↑ Sell  
    Euro Stoxx 50 3,962.41 ↑ Buy  
    S&P 500 4,026.12 Neutral  
    DAX 14,541.38 ↑ Buy  
    FTSE 100 7,486.67 ↑ Buy  
    Hang Seng 17,573.58 Neutral  
    Small Cap 2000 1,869.19 ↑ Buy  
    IBEX 35 8,416.60 Sell  
    BASF 49.605 Neutral  
    Bayer 55.45 Sell  
    Allianz 205.35 ↑ Buy  
    Adidas 123.98 Neutral  
    Lufthansa 7.567 ↑ Sell  
    Siemens AG 132.06 ↑ Buy  
    Deutsche Bank AG 10.390 ↑ Buy  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,660/ 6,730
(0/ 0) # 1,488
SJC HCM6,660/ 6,760
(-10/ -10) # 1,510
SJC Hanoi6,660/ 6,762
(-10/ -10) # 1,512
SJC Danang6,660/ 6,762
(-10/ -10) # 1,512
SJC Nhatrang6,660/ 6,762
(-10/ -10) # 1,512
SJC Cantho6,660/ 6,762
(-10/ -10) # 1,512
Cập nhật 26-11-2022 19:25:28
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ↀ Giá vàng thế giới
$1,754.60 -0.88 -0.05%
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E5 RON 92-II22.67023.120
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DO 0,001S-V26.78027.310
Dầu hỏa 2-K24.64025.130
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WTI $76.55 +2.23 2.91%
Brent $83.84 +1.91 2.28%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.570,0024.840,00
EUR25.158,7926.565,16
GBP29.229,5930.473,22
JPY173,58183,74
KRW16,1719,70
Cập nhật lúc 18:00:47 26/11/2022
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