Ethereum Tests $2,300 Range As Market Adds $70 Billion
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Ethereum has been testing the $2,300 price resistance range during the recent market recovery posed by the market. Total crypto market capitalization has seen gains of 2% over the past 24 hours. This translates to about $70 billion in market cap gains over the last day. This new recovery comes in light of the news of bitcoin whales accumulating over 60,000 bitcoins in a single day. The biggest accumulation so far of 2021 in 24 hours.
The bullish news pushed the price of bitcoin over the $35,000 range and Ethereum broke $2,300 in that same time period. ETH had consistently traded under $2,300 over the past week. With bulls trying to push the coin over the hurdle but with no success. But in a small rally that followed the price of bitcoin, the coin had finally broken this important point.
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Polygon Opens Vault On MakerDAO, Commits $50 Million Worth Of Matic Tokens
Polygon has announced the integration of yield optimization vaults on the Maker Network. The blockchain-enabled protocol, formerly referred to as the Matic Chain, tweeted on Wednesday that it “will be opening a vault on Maker” and investing $50M of MATIC tokens as agreed liquidity from the treasury.
With the recent integration, it means the protocol has now broadened in scope, vision, and transformation to become an Ethereum scaling aggregator.
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Polygon provides the core components and tools to join the new, borderless economy and society. Two key platforms materialize it: The polygon framework and the Polygon protocol.