All articles tagged with #matic
The Matic robot vacuum stands out for its charming design, excellent mapping, and cleaning performance, offering a fun and effective alternative to typical, boring robot vacuums, though at a high price and with some limitations in tight spaces and ongoing costs.
Despite Polygon's Q1 milestones and surge in network usage, MATIC's market cap increased by 31% but its overvaluation suggests a potential price correction. The blockchain's active addresses reached an all-time high, but the number of transactions dropped. MATIC's Q1 report showed a surge in trading volume and holders, but a drop in captured value, fees, revenue, and earnings. The token's P/F ratio increased by 21%, indicating overvaluation and potential price drop. MATIC's price was down by over 9% in the last week, with bearish sentiment increasing, but investors continued to accumulate the token as its supply on exchanges declined.
Technical indicators suggest that Polygon's governance token, MATIC, may experience a further price decline following a recent double-digit drop. Readings from key indicators, including MACD, DMI, Aroon Up Line, and Chaikin Money Flow, indicate significant selling activity and a bearish trend, with the possibility of decreased demand and a potential price decrease for MATIC in the near future.
Matic, a robot vacuum and mop developed by ex-Google Nest engineers, offers privacy-conscious consumers a cloud-free cleaning experience. Unlike other smart home devices, Matic does not require an internet connection or cloud connectivity, ensuring that user data remains secure. All mapping and processing occur on the device itself, providing constant autonomous map updates and eliminating the risk of data breaches. Matic's approach appeals to those who want an autonomous cleaning machine without compromising their privacy.
Matic, a startup founded by ex-Google research scientist Navneet Dalal, has raised $29.5 million in funding to develop fully autonomous robot vacuums that can navigate and clean homes. The vacuum uses an array of cameras and AI to map and understand indoor spaces, adjusting its cleaning based on different floor types and stains. Matic prioritizes areas to clean and can pick up tasks where it left off if interrupted. The company emphasizes privacy, with all processing and data saved locally on the device unless users opt to share. The robot vacuum is priced at $1,795 and will be available for pre-order on November 2.
Bitcoin dipped below $29,200 after stablecoin exchange Curve Finance suffered an exploit, putting over $100 million in crypto at risk. Despite this, Bitcoin has been range-bound between $29,000 and $29,500 as investors seek a catalyst. Ether and other major cryptocurrencies also sank following the Curve hack. U.S. jobs data will be closely watched for signs of a slowing employment market and the Federal Reserve's interest rate hikes. BitBull Capital's CEO expects the next major price spur to be the 2024 halving.
Polygon has announced the upcoming launch of Polygon 2.0, which will be developed and deployed outside the US. The platform builder for Ethereum scaling is claiming the "value layer" of the internet, with the new project described as "a network of ZK-powered L2 chains, unified via a novel cross-chain coordination protocol." The community will have the right to accept and implement Polygon 2.0, but Polygon Labs will still wield significant influence. The announcement emphasized the technical role of the MATIC token in staking to provide network security to Polygon's PoS layer-1 network.
Prices of Solana's SOL, Cardano's ADA, and Polygon's MATIC stabilized and reversed some losses after a sudden sell-off over the weekend. The development foundations of these tokens released statements hitting back on U.S. Securities and Exchange Commission (SEC) allegations, likely boosting investor confidence. The SEC accused crypto exchanges Binance and Coinbase of multiple charges, such as offering unlicensed securities to U.S. investors, and named alleged tokens to be securities. On Saturday, prices of SOL, ADA, MATIC fell as much as 30%.
The Solana Foundation and Polygon Labs have rejected the U.S. SEC's classification of their tokens as securities. The Solana Foundation expressed willingness to cooperate with regulators to provide further clarity for the emerging industry. Meanwhile, Polygon Labs stated that it did not target the U.S. market with its MATIC coin. Both tokens have seen price increases in the last 24 hours.
Polygon responded to SEC's litigations by emphasizing its global focus and confidence in future development. The crypto community welcomed Polygon's response, potentially improving sentiment surrounding MATIC, which has witnessed a significant decline in recent days. Social mentions and engagements related to MATIC have been increasing, indicating a potential rebound in network usage. However, there has been a material decline in Polygon's number of active addresses and transactions over the past few weeks.
The prices of Cardano (ADA), Solana (SOL), and Polygon (MATIC) have dropped significantly due to renewed uncertainty in the cryptocurrency sector following the SEC's recent action against assets that may be classified as securities. The SEC's lawsuits against Binance and Coinbase have affected other assets, including SAND, FIL, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO. The foundations behind ADA, SOL, and MATIC have disputed the SEC's claims, emphasizing their decentralized nature. Robinhood's announcement to terminate support for these three coins has further compounded the price drop.