{"id":568367,"date":"2024-01-06T08:20:50","date_gmt":"2024-01-06T08:20:50","guid":{"rendered":"https:\/\/wncen.com\/?p=568367"},"modified":"2024-01-06T10:40:07","modified_gmt":"2024-01-06T10:40:07","slug":"polygon-saga-airdrop-a-game-changer-for-matic-investors","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/polygon-saga-airdrop-a-game-changer-for-matic-investors\/","title":{"rendered":"Polygon SAGA Airdrop: A Game-Changer For MATIC Investors?"},"content":{"rendered":"

In today’s charts, Polygon (MATIC) is flashing red, losing 4.6% and 14.2% over the course of 24 and seven days, respectively. However, despite the poor showing<\/a>, there was hope for fresh interest because of the recent developments.<\/p>\n

Focus is on the SAGA airdrop, which attracted over 26,000 Polygon users who used Polygon’s zkEVM Bridge for Ethereum transactions or participated in MATIC staking. Developers can start their own “chainlets” with the future blockchain protocol Saga.<\/p>\n

\n

NEW:<\/p>\n

The $SAGA<\/a> (@Sagaxyz__<\/a>) airdrop is available to 26K+ Polygon users who staked $MATIC<\/a> or bridged $ETH<\/a> using the zkEVM Bridge. pic.twitter.com\/Kc1Y3cNdRR<\/a><\/p>\n

\u2014 Today In Polygon (@TodayInPolygon) January 4, 2024<\/a><\/p><\/blockquote>\n

Although the exact dates of Saga’s airdrop are unknown, they most likely take place in the first half of this year. Saga also previously disclosed information about its “Innovators” airdrop eligibility for users of its goods back in October.<\/p>\n

Related Reading: Maker Market Heats Up: Over 600 Addresses Complete MKR Trades In Single Day<\/a><\/div>\n

Excitement Over Polygon Airdrop<\/strong><\/h2>\n

Co-founder of Polygon Sandeep Nailwal expressed excitement on social media platform X\u00a0about Saga’s place in their ecosystem.<\/p>\n

\n

Thanks @Sagaxyz__<\/a> for including @0xPolygon<\/a> community in the airdrop.<\/p>\n

Super thrilled to have Saga as a key contributor into the Polygon ecosystem. They have been involved throughout the Supernets to CDK chains journey! They are doing amazing work, specially in automating\u2026 https:\/\/t.co\/QkB3NGCM2U<\/a><\/p>\n

\u2014 Sandeep Nailwal | sandeep. polygon \ud83d\udc9c (@sandeepnailwal) January 4, 2024<\/a><\/p><\/blockquote>\n

Nailwal acknowledged Saga’s efforts, particularly with regard to automating the decentralization infrastructure for Appchains, and alluded to the possibility of decentralized sequencing features within Polygon CDK.<\/p>\n

MATIC Price Not Upbeat About Recent Developments<\/strong><\/h2>\n

Even with these encouraging developments, Polygon’s price has been declining from its most recent high of $1.1, and MATIC is currently trading at $0.82. The top Ethereum layer-2 scaling protocol may present fantastic possibilities to buy low, particularly for investors who have previously passed on.<\/p>\n

MATIC market cap currently at $7.854 billion. Chart: TradingView.com<\/a><\/pre>\n
The decreasing number of short positions, on the other hand, indicates a decline in trader interest in MATIC. A bit more than half of short positions against MATIC were open as of the time of publication. This seeming disparity made some wonder how these encouraging developments would affect the general perception of MATIC in the short term.<\/p>\n
In terms of network activity, data from Santiment indicates that Polygon encountered a barrier in network volume, suggesting a decline in interest from fresh addresses. If this pattern continues, MATIC may not be able to grow at a steady pace.<\/p>\n
\"\"Source: Santiment<\/pre>\n
Collaborations Up Despite Poor Price Showing<\/strong><\/h3>\n
Partnerships and ecosystem development for Polygon have not slowed down, even though MATIC performs poorly in the pricing arena. The Chain Development Kit (CDK) release, the Polygon zkEVM launch, and collaborations with companies like Flipkart and OKX have all been noteworthy developments.<\/p>\n
Related Reading: Falling Down: XRP Sheds 10% As Short-Term Recovery Prospects Remain Dim<\/a><\/div>\n
\n
#Polygon<\/a> is at the cusp of breaking out from a significant symmetrical triangle. Be patient! Let the pattern fully develop, as the initial target for $MATIC<\/a> is set at $1.25, followed by a potential move towards $1.82! pic.twitter.com\/F9eHkZe5q3<\/a><\/p>\n
\u2014 Ali (@ali_charts) January 1, 2024<\/a><\/p><\/blockquote>\n
Meanwhile, crypto expert Ali Martinez believes MATIC will perform well in 2024. According to the analyst, the asset might rise as high as $1.8 in price.<\/p>\n
He established an immediate goal of $1.25 based on the asset’s break of a symmetrical triangle chart pattern that lasted for months.<\/p>\n
Featured image from Medium<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
In today’s charts, Polygon (MATIC) is flashing red, losing 4.6% and 14.2% over the course of 24 and seven days, respectively. However, despite the poor showing, there was hope for fresh interest because of the recent developments. Focus is on the SAGA airdrop, which attracted over 26,000 Polygon users who used Polygon’s zkEVM Bridge for Ethereum transactions or participated in MATIC staking. Developers can start their own “chainlets” with the future blockchain protocol Saga. NEW: The $SAGA (@Sagaxyz__) airdrop is available to 26K+ Polygon users who staked $MATIC or bridged $ETH using the zkEVM Bridge. pic.twitter.com\/Kc1Y3cNdRR \u2014 Today In Polygon (@TodayInPolygon) January 4, 2024 Although the exact dates of Saga’s airdrop are unknown, they most likely take place in the first half of this year. Saga also previously disclosed information about its “Innovators” airdrop eligibility for users of its goods back in October. Related Reading: Maker Market Heats Up: Over 600 Addresses Complete MKR Trades In Single Day Excitement Over Polygon Airdrop Co-founder of Polygon Sandeep Nailwal expressed excitement on social media platform X\u00a0about Saga’s place in their ecosystem. Thanks @Sagaxyz__ for including @0xPolygon community in the airdrop. Super thrilled to have Saga as a key contributor into the Polygon ecosystem. They have been involved throughout the Supernets to CDK chains journey! They are doing amazing work, specially in automating\u2026 https:\/\/t.co\/QkB3NGCM2U \u2014 Sandeep Nailwal | sandeep. polygon \ud83d\udc9c (@sandeepnailwal) January 4, 2024 Nailwal acknowledged Saga’s efforts, particularly with regard to automating the decentralization infrastructure for Appchains, and alluded to the possibility of decentralized sequencing features within Polygon CDK. MATIC Price Not Upbeat About Recent Developments Even with these encouraging developments, Polygon’s price has been declining from its most recent high of $1.1, and MATIC is currently trading at $0.82. The top Ethereum layer-2 scaling protocol may present fantastic possibilities to buy low, particularly for investors who have previously passed on. MATIC market cap currently at $7.854 billion. Chart: TradingView.com The decreasing number of short positions, on the other hand, indicates a decline in trader interest in MATIC. A bit more than half of short positions against MATIC were open as of the time of publication. This seeming disparity made some wonder how these encouraging developments would affect the general perception of MATIC in the short term. In terms of network activity, data from Santiment indicates that Polygon encountered a barrier in network volume, suggesting a decline in interest from fresh addresses. If this pattern continues, MATIC may not be able to grow at a steady pace. Source: Santiment Collaborations Up Despite Poor Price Showing Partnerships and ecosystem development for Polygon have not slowed down, even though MATIC performs poorly in the pricing arena. The Chain Development Kit (CDK) release, the Polygon zkEVM launch, and collaborations with companies like Flipkart and OKX have all been noteworthy developments. Related Reading: Falling Down: XRP Sheds 10% As Short-Term Recovery Prospects Remain Dim #Polygon is at the cusp of breaking out from a significant symmetrical triangle. Be patient! Let the pattern fully develop, as the initial target for $MATIC is set at $1.25, followed by a potential move towards $1.82! pic.twitter.com\/F9eHkZe5q3 \u2014 Ali (@ali_charts) January 1, 2024 Meanwhile, crypto expert Ali Martinez believes MATIC will perform well in 2024. According to the analyst, the asset might rise as high as $1.8 in price. He established an immediate goal of $1.25 based on the asset’s break of a symmetrical triangle chart pattern that lasted for months. Featured image from Medium<\/p>\n","protected":false},"author":557,"featured_media":568381,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[6664,40670,83584,91083],"class_list":["post-568367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-matic","tag-polygon","tag-saga-airdrop"],"acf":[],"yoast_head":"\nPolygon SAGA Airdrop: A Game-Changer For MATIC Investors?<\/title>\n<meta name=\"description\" content=\"In today's charts, Polygon (MATIC) is flashing red, losing 4.6% and 14.2% over the course of 24 and seven days, respectively. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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