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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.

See original on CoinEdition

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03-12-2022 13:25:03 (UTC+7)

EUR/USD

1.0540

+0.0018 (+0.17%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

EUR/USD

1.0540

+0.0018 (+0.17%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

GBP/USD

1.2292

+0.0039 (+0.31%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (1)

USD/JPY

134.30

-0.96 (-0.71%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.6795

-0.0014 (-0.21%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (10)

(%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

EUR/JPY

141.59

-0.77 (-0.54%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (1)

EUR/CHF

0.9876

+0.0016 (+0.17%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

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Buy (0)

Sell (9)

Gold Futures

1,811.40

-3.80 (-0.21%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (6)

Silver Futures

(%)

Summary

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Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (10)

Copper Futures

(%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (10)

Crude Oil WTI Futures

80.34

-0.88 (-1.08%)

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Moving Avg:

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LCO

85.42

-1.46 (-1.68%)

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Natural Gas Futures

6.222

-0.516 (-7.66%)

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US Coffee C Futures

162.08

-3.67 (-2.21%)

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Sell (8)

Euro Stoxx 50

3,977.90

-6.60 (-0.17%)

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Moving Avg:

Buy (11)

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Sell (2)

S&P 500

4,071.70

-4.87 (-0.12%)

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DAX

14,529.39

+39.09 (+0.27%)

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Moving Avg:

Buy (12)

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Sell (2)

FTSE 100

7,556.23

-2.26 (-0.03%)

Summary

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Moving Avg:

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Sell (10)

Indicators:

Buy (2)

Sell (7)

Hang Seng

18,675.35

-61.09 (-0.33%)

Summary

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Moving Avg:

Buy (0)

Sell (12)

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Buy (0)

Sell (8)

US Small Cap 2000

1,889.98

+8.30 (+0.44%)

Summary

↑ Buy

Moving Avg:

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IBEX 35

8,382.60

-22.70 (0.00%)

Summary

Neutral

Moving Avg:

Buy (6)

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Sell (1)

BASF SE NA O.N.

48.730

+0.870 (+1.82%)

Summary

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Moving Avg:

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Buy (10)

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Bayer AG NA

54.84

-0.19 (-0.35%)

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Allianz SE VNA O.N.

202.65

-1.10 (-0.54%)

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Adidas AG

124.26

-0.66 (-0.53%)

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Deutsche Lufthansa AG

7.738

+0.162 (+2.14%)

Summary

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Siemens AG Class N

134.70

+1.04 (+0.78%)

Summary

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Deutsche Bank AG

10.024

+0.119 (+1.20%)

Summary

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    EUR/USD 1.0540 ↑ Buy  
    GBP/USD 1.2292 Buy  
    USD/JPY 134.30 ↑ Buy  
    AUD/USD 0.6795 ↑ Sell  
    ↑ Buy  
    EUR/JPY 141.59 Buy  
    EUR/CHF 0.9876 ↑ Sell  
    Gold 1,811.40 ↑ Sell  
    Silver ↑ Sell  
    Copper ↑ Sell  
    Crude Oil WTI 80.34 ↑ Buy  
    LCO 85.42 ↑ Buy  
    Natural Gas 6.222 ↑ Sell  
    US Coffee C 162.08 ↑ Sell  
    Euro Stoxx 50 3,977.90 ↑ Buy  
    S&P 500 4,071.70 ↑ Buy  
    DAX 14,529.39 ↑ Buy  
    FTSE 100 7,556.23 ↑ Sell  
    Hang Seng 18,675.35 ↑ Sell  
    Small Cap 2000 1,889.98 ↑ Buy  
    IBEX 35 8,382.60 Neutral  
    BASF 48.730 ↑ Buy  
    Bayer 54.84 Neutral  
    Allianz 202.65 ↑ Sell  
    Adidas 124.26 ↑ Buy  
    Lufthansa 7.738 ↑ Buy  
    Siemens AG 134.70 ↑ Buy  
    Deutsche Bank AG 10.024 ↑ Buy  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,600/ 6,670
(0/ 0) # 1,414
SJC HCM6,615/ 6,695
(-5/ -5) # 1,445
SJC Hanoi6,615/ 6,697
(-5/ -5) # 1,447
SJC Danang6,615/ 6,697
(-5/ -5) # 1,447
SJC Nhatrang6,615/ 6,697
(-5/ -5) # 1,447
SJC Cantho6,615/ 6,697
(-5/ -5) # 1,447
Cập nhật 03-12-2022 13:25:06
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$1,798.03 -4.41 -0.24%
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RON 95-V23.83024.300
RON 95-III22.70023.150
E5 RON 92-II21.67022.100
DO 0.05S23.21023.670
DO 0,001S-V25.19025.690
Dầu hỏa 2-K23.56024.030
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WTI $80.37 0 0%
Brent $85.95 0 0%
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Ngoại tệMua vàoBán ra
USD23.930,0024.240,00
EUR24.695,6126.077,28
GBP28.769,6729.995,10
JPY174,05184,25
KRW16,0519,55
Cập nhật lúc 13:22:51 03/12/2022
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