Recently, GHOST’s developers announced their decision to divert from their initial plan to build a two-way bridge on Polygon. It is worth noting that the idea behind the creation of GHOST, a privacy coin, was brought about by John McAfee, who has now passed away. Ghost, on the other hand, continues to evolve even after McAfee’s death.
The creation of GHOST by its developers has increased the value of anonymity in cryptocurrencies and Web 3 in general due to its private and decentralized nature. Undoubtedly, the crypto community will find a great need for this development. Building the two-way bridge on Polygon is likely to enhance the security and privacy of users of Polygon, consequently enhancing investors’ and merchants’ confidence in MATIC, Polygon’s native token.
Key Polygon Levels To Watch – February 9
The diagonal support is currently restraining the price from expanding to the downside. However, an invalidation of the diagonal support might result in a massive crash to the downside. With the bullish order block around the psychological level of $1.0000, MARICUSD might resume its uptrend immediately after the slump.
The market structure of Polygon has been shifted to the upside since the massive rally in July 2022. According to the Relative Strength Index (RSI), the market is in an overbought region, and lower highs are being formed in contradiction to the higher highs on the daily price chart. This implies that a bearish divergence is impending.
Polygon Key Levels
Resistance Levels: $2.1000, $1.7500, $1.3040
Support Levels: $0.7500, $0.5200, $0.3200
Total Market Capitalization: $1.01T
Polygon Market Capitalization: $10.80B
Polygon Volume: $0.88B
Market Rank: #10
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