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Crypto News: NFT platform OpenSeaPro launches on Polygon Blockchain –

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Polygon, the leading platform in the blockchain field, started to integrate with blockchain OpenSea Pro has taken an important step forward.

This move aims to revolutionize the NFT market by improving the trading of assets across different blockchains and promoting interoperability in the Web3 ecosystem.

In this article, we look at exactly what makes OpenSeaPro unique on the Polygon Blockchain and how the developments are manifested in the TRX Coin price.

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Polygon and NFTs: Why is collaboration beneficial?

The strategic integration of OpenSea Pro into the Polygon network is a game-changer that offers users a seamless experience in bridging tokens across multiple blockchains. This development comes in direct response to the recent withdrawal of Binance NFT from Polygon and positions OpenSea Pro as a champion of blockchain diversity.

The platform’s latest update simplifies the once complex process of transferring assets between chains and delivers an improved user experience that can appeal to a wider audience. Additionally, OpenSea Pro’s commitment to cross-chain transactions underscores the strategic investment in the future of Web3 and its multi-chain framework.

Non-fungible tokens (NFTs) have established themselves as one of the most exciting developments in the world of digital assets. They represent uniqueness and ownership in the digital world and have found applications in fields ranging from arts and entertainment to real estate and identity management.

Polygon’s integration with OpenSea Pro is a significant advancement for NFT trading as it increases the liquidity and accessibility of NFTs across different blockchains.

This describes Polygon: This describes Ethereum’s scaling blockchain

Polygon has emerged as one of the preferred platforms for NFT projects and decentralized applications (dApps) due to its scalability, security, and ease of use.

Polygon offers a greener and more cost-effective alternative to other blockchains such as Ethereum with its Proof-of-Stake architecture and Layer 2 solutions. These features make Polygon an attractive ecosystem for both developers and users.

The partnership with OpenSea Pro strengthens Polgon’s position in the NFT market. OpenSea Pro, one of the leading NFT marketplaces, offers expanded opportunities to its users thanks to its integration with Polygon. You can now seamlessly trade NFTs built on Polygon and benefit from lower transaction fees and faster confirmation times. This could lead to increased activity and user numbers on both platforms.

The future of NFTs and blockchain technology appear to be closely linked. As Web3 continues to evolve and strive towards a decentralized version of the Internet, NFTs are likely to play an even larger role. They not only offer a new way to view assets, but also a new way to interact with digital content.

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Integration with OpenSea Pro could be a bullish signal for the Polgon token and make the MATIC price forecast positive. Our technical analysis will examine current market trends by looking at key indicators such as trading volume, moving averages, and RSI to predict where the token could go.

MATIC price trend reversal: Bull chart analysis confirmed

Polygon continues its uptrend, showing an impressive recovery of over 30% from the recent low of $0.50. This development is a clear sign of the strength of MATIC Coin and underlines the increasing confidence of investors in the potential of the cryptocurrency.

MATIC price has challenged the ascending trend channel and it remains exciting to see if MATIC can sustainably break this channel. The ability to break above the trend channel will send a strong bullish signal and could pave the way for further gains.

Looking at Exponential Moving Averages (EMAs), which are important indicators that smooth the average price over a period of time and highlight trends, MATIC managed to decisively surpass EMA 50. This is a bullish sign that indicates the uptrend may continue.

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Another important indicator is the EMA 200, which shows long-term trends. Here we see that MATIC price made an initial approach but encountered resistance. This suggests that difficulties persist in the long term and the price may consolidate at this level.

Long-Term MATIC Outlook: Has the Polygon Bear Market Been Broken?

In the short term, Polygon (MATIC) has gained significant momentum. But the Relative Strength Index (RSI), a momentum oscillator that measures the speed and change of price movements, indicates that the price may be slightly overbought at the moment. This could be a sign of an upcoming slight correction.

Bollinger Bands, which show volatility and price movements around a moving average, confirm this view. The price is currently trading at the upper edge of the bands, which is usually an indication of an overbought market condition.

A clear bottom has been observed in the Polygon price since October. This development is very important as it could signal the beginning of a possible trend reversal. The question that arises now is whether MATIC can capitalize on this positive momentum and create a bullish chart in the long term.

Polygon (MATIC) shows a promising technical constellation. Despite current overheating signals and resistance at the EMA 200, the recent low offers reason for hope for a sustainable trend reversal.

Polygon (MATIC) technical chart analysis
Polygon (MATIC) technical chart analysis

After reviewing the latest developments and uptrend of Polygon (MATIC), let’s turn our attention to new and exciting projects in the crypto space.

In the ever-changing Web3 world, it is a challenge for investors to discover innovative and promising projects. This is where yPredict comes in as a new platform to discover innovative Web3 projects

yPredict: The AI-powered future of crypto trading with YPRED

yPredict recently completed a $4.5 million funding round, demonstrating confidence in the project and its vision for the future. The platform, which is currently in the pre-sale phase, offers investors a unique opportunity. You can get involved at the beginning of the project.

yPredict’s AI-powered analytics platform aims to be an all-in-one crypto trading ecosystem. It allows users to integrate data from different sources, train and optimize models, and visualize and share results. D

These features can benefit not only crypto investors but also professionals in other industries, such as healthcare or human resources.

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yPredict stands out with a number of features that make it attractive for both experienced traders and beginners:

  • Intuitive interface: yPredict is designed to not require any coding knowledge, making it accessible to a wider audience.
  • Access to various data sources: The platform enables the use of various data sources, enriching analysis and trading.
  • Automatic algorithm selection: yPredict simplifies the analysis process by automatically matching the best algorithms with your data and goals.
  • Interactive Dashboard: A dashboard with interactive graphs and tables shows your predictions and makes data easier to interpret.

Cryptocurrency influencers like Jacob Bury think yPredict (YPRED) is on the rise and rank it among the best investment opportunities. The reasons for this are various. From the ease of use of the platform to the advanced artificial intelligence. Artificial intelligence can find effective indicators for assets and give users an advantage in the market.

Last update date: November 3, 2023

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