{"id":10124,"date":"2022-07-11T23:40:00","date_gmt":"2022-07-11T20:40:00","guid":{"rendered":"https:\/\/alfacash.blog\/?p=10124"},"modified":"2024-02-19T21:50:37","modified_gmt":"2024-02-19T18:50:37","slug":"bitcoins-swinging-cardano-polygon-offer-new-promises","status":"publish","type":"post","link":"https:\/\/alfacash.blog\/ro\/2022\/07\/11\/bitcoins-swinging-cardano-polygon-offer-new-promises\/","title":{"rendered":"Bitcoin\u2019s swinging while Cardano and Polygon offer new promises"},"content":{"rendered":"<p>We had a brief joy last week when Bitcoin (BTC) surpassed $22,000 per coin again. It could\u2019ve been the sign of a yearned bullish point, but it didn\u2019t last. Indeed, we ended up losing over 1% in the price. Bitcoin now swings at around $19,900, threatening to go down or be stagnant in the $20,000 level for a while. At the same time, <strong>Cardano (ADA) and Polygon (MATIC) are showing bullish signs.<\/strong><\/p>\n\n\n\n<p>The general financial situation worldwide isn\u2019t the best now. There are <a href=\"https:\/\/www.weforum.org\/agenda\/2022\/07\/economy-news-growth-inflation-7-july-2022\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">strong fears<\/a> of a global recession, while the inflation and prices are going up in countries like the UK, the US, Canada, Australia, Thailand, Switzerland, and South Korea. <a href=\"https:\/\/www.bbc.com\/news\/world-asia-62077109\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Doar recent<\/a>, Sri Lanka went bankrupt and it\u2019s in the middle of social turbulences. The war between Russia and Ukraine continues, and China <a href=\"https:\/\/edition.cnn.com\/2022\/07\/04\/economy\/chinese-developer-shimao-default-intl-hnk\/index.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">is dealing<\/a> with a large real state crisis.<\/p>\n\n\n\n<div class=\"wp-block-image is-style-default\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"574\" src=\"https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/09\/chart-1905225_1280-1024x574.jpg\" alt=\"Bitcoin-price-altcoins-ATH\" class=\"wp-image-7898\" srcset=\"https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/09\/chart-1905225_1280-1024x574.jpg 1024w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/09\/chart-1905225_1280-scaled-150x84.jpg 150w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/09\/chart-1905225_1280-scaled-260x145.jpg 260w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/09\/chart-1905225_1280-scaled-87x49.jpg 87w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/09\/chart-1905225_1280-300x168.jpg 300w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/09\/chart-1905225_1280-scaled-18x10.jpg 18w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/09\/chart-1905225_1280-scaled.jpg 270w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/09\/chart-1905225_1280-770x432.jpg 770w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/09\/chart-1905225_1280-906x508.jpg 906w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/09\/chart-1905225_1280-900x505.jpg 900w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/09\/chart-1905225_1280-370x208.jpg 370w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/09\/chart-1905225_1280-554x311.jpg 554w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/09\/chart-1905225_1280-306x172.jpg 306w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<p>Amid this gloomy landscape, cryptocurrencies are suffering <a href=\"https:\/\/alfacash.blog\/2022\/07\/07\/important-reasons-keep-bitcoin-position\/\" target=\"_blank\" rel=\"noreferrer noopener\">from panic<\/a> as well. The global crypto market capitalization declined by over 2% in the last week [CoinMarketCap]. The sentiment about Bitcoin is divided. According to the latest <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-07-10\/bitcoin-faces-another-50-drop-wall-street-says-mliv-pulse#xj4y7vzkg\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">MLIV Pulse survey<\/a>, Bitcoin is likely to drop even more before climbing.<\/p>\n\n\n\n<p>The firm interviewed 950 experts from Wall Street, <strong>and 60% of them believe that Bitcoin will head to $10,000 next. <\/strong>On the other hand, 40% believed that <a href=\"https:\/\/alfacash.blog\/2020\/08\/20\/how-buy-bitcoin-simple-steps-nice-recipe\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bitcoin<\/a> will be soon traded at $30,000 again. At least, professional investors are more optimistic about crypto than retail investors.<\/p>\n\n\n\n<p>Sadly, we also have some financial issues inside the crypto world, still spreading panic. Starting in July, the crypto hedge fund <a href=\"https:\/\/www.cnbc.com\/2022\/07\/11\/how-the-fall-of-three-arrows-or-3ac-dragged-down-crypto-investors.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Three Arrows Capital<\/a> (3AC), which managed billions in crypto, filed for bankruptcy. It dragged the crypto broker Voyager Digital with it, leading to <a href=\"https:\/\/finance.yahoo.com\/news\/m-millions-dollars-thousands-crypto-223605273.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">millionaire losses<\/a> for retail investors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Cardano and Polygon have better news<\/strong><\/h2>\n\n\n\n<p>Cardano didn\u2019t enjoy a particularly good week, but this may change soon. This crypto will have the update called \u201cVasil\u201d by the end of July. <strong>The latter will improve exponentially the speeds and costs inside this blockchain<\/strong> while allowing further compatibility with other chains. More Non-Fungible Tokens (<a href=\"https:\/\/alfacash.blog\/2021\/04\/11\/what-are-non-fungible-tokens-nfts-why-fever-ultimate-guide\/\" target=\"_blank\" rel=\"noreferrer noopener\">NFT-uri<\/a>) \u0219i <a href=\"https:\/\/alfacash.blog\/2020\/09\/09\/how-to-make-thousands-dollars-defi\/\" target=\"_blank\" rel=\"noreferrer noopener\">DeFi<\/a> applications are expected to be developed on Cardano after Vasil. As <a href=\"https:\/\/twitter.com\/InputOutputHK\/status\/1543692228043935755\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">they explained<\/a>:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cVasil improvements include higher throughput through diffusion pipelining to a better developer experience via much improved script performance &amp; efficiency (plus lower costs). The Vasil upgrade will also include Cardano cryptographic primitives improvements (enabling greater interoperability options for other blockchains), a tuned Plutus interpreter, and a new cost model\u201d.<\/p><\/blockquote>\n\n\n\n<div class=\"wp-block-image is-style-default\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/12\/cardano-crypto-key-laptop-wo-1024x683.jpg\" alt=\"Cardano-Ethereum-compara\u021bie-mai bine\" class=\"wp-image-6295\" srcset=\"https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/12\/cardano-crypto-key-laptop-wo-1024x683.jpg 1024w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/12\/cardano-crypto-key-laptop-wo-300x200.jpg 300w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/12\/cardano-crypto-key-laptop-wo-150x100.jpg 150w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/12\/cardano-crypto-key-laptop-wo-1536x1024.jpg 1536w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/12\/cardano-crypto-key-laptop-wo-18x12.jpg 18w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/12\/cardano-crypto-key-laptop-wo-270x180.jpg 270w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/12\/cardano-crypto-key-laptop-wo-770x513.jpg 770w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/12\/cardano-crypto-key-laptop-wo-762x508.jpg 762w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/12\/cardano-crypto-key-laptop-wo-773x515.jpg 773w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/12\/cardano-crypto-key-laptop-wo-370x247.jpg 370w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/12\/cardano-crypto-key-laptop-wo-554x369.jpg 554w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/12\/cardano-crypto-key-laptop-wo-306x204.jpg 306w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/12\/cardano-crypto-key-laptop-wo-368x245.jpg 368w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/12\/cardano-crypto-key-laptop-wo-260x173.jpg 260w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/12\/cardano-crypto-key-laptop-wo-87x58.jpg 87w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<p>The firm Santiment <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1545684434652766208?s=20&amp;t=q9_kV3YBPkUpA3e9vboN2w\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">asigurat<\/a> that ADA holders are accumulating more coins, which could lead to a price increase. On the other hand, Polygon is already on it. <strong>This currency increased by over 10% in the last week,<\/strong> boosted by several good news around it. In the first place, over 48 DeFi Projects from the collapsed Terra <a href=\"https:\/\/www.coindesk.com\/business\/2022\/07\/11\/terra-projects-begin-moving-to-polygon-months-after-ust-debacle\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">are migrating<\/a> to Polygon. In addition, Reddit <a href=\"https:\/\/techcrunch.com\/2022\/07\/07\/reddit-is-launching-a-new-nft-avatar-marketplace\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">will launch<\/a> its own NFT marketplace on this chain. We can say that the future looks bright for Cardano and Polygon so far.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p class=\"has-text-align-center\"><em>Vrei s\u0103 tranzac\u021bionezi Bitcoin \u0219i alte jetoane? O po\u021bi face<\/em>&nbsp;<em>\u00een siguran\u021b\u0103&nbsp;<\/em><em><a href=\"https:\/\/www.alfa.cash\/buy\/bitcoin\" target=\"_blank\" rel=\"noreferrer noopener\">pe Alfacash<\/a><\/em><em>! \u0218i nu uita\u021bi c\u0103 vorbim despre acest lucru \u0219i despre multe alte lucruri pe re\u021belele noastre sociale.<\/em><\/p>\n\n\n\n<p class=\"has-text-align-center\"><a href=\"https:\/\/t.me\/AlfacashCommunity\" target=\"_blank\" rel=\"noreferrer noopener\">Telegram\u0103<\/a>&nbsp;*&nbsp;<a href=\"https:\/\/www.facebook.com\/alfacashstore\" target=\"_blank\" rel=\"noreferrer noopener\">Facebook<\/a>&nbsp;*&nbsp;<a href=\"https:\/\/www.instagram.com\/alfacashstore\" target=\"_blank\" rel=\"noreferrer noopener\">Instagram<\/a>&nbsp;*&nbsp;<a href=\"https:\/\/www.youtube.com\/channel\/UCOl4fdRHj8AseQ5b6z9udaw\" target=\"_blank\" rel=\"noreferrer noopener\">YouTube<\/a>&nbsp;*<a href=\"https:\/\/twitter.com\/AlfacashStore\" target=\"_blank\" rel=\"noreferrer noopener\">Stare de nervozitate<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) now swings at around $19,900, but Cardano (ADA) and Polygon (MATIC) are showing bullish signs. <\/p>","protected":false},"author":5,"featured_media":10136,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[47],"tags":[88,43,216,218,84,501],"class_list":{"0":"post-10124","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-trends-alfacash","8":"tag-altcoins","9":"tag-bitcoin","10":"tag-cardano","11":"tag-cryptocurrency-market","12":"tag-defi","13":"tag-polygon"},"featured_image_src":"https:\/\/alfacash.blog\/wp-content\/uploads\/2022\/07\/Bitcoin-swings-Polygon-Cardano-2.png","author_info":{"display_name":"Isabel P\u00e9rez","author_link":"https:\/\/alfacash.blog\/ro\/author\/isabel\/"},"yoast_head":"<!-- This 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