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MATIC vs LRC: Which is better?

Due to the many problems that the Ethereum blockchain has faced, it is an easy target for layer-2 programs. Layer-2 blockchains can be linked to layer-1 blockchains to provide specific solutions. These include zk Rollups and Optimistic rollups. They also include sidechains and Plasma. The most popular scaling solutions for Ethereum blockchain are Polygon and…

Due to the many problems that the Ethereum blockchain has faced, it is an easy target for layer-2 programs. Layer-2 blockchains can be linked to layer-1 blockchains to provide specific solutions. These include zk Rollups and Optimistic rollups. They also include sidechains and Plasma. The most popular scaling solutions for Ethereum blockchain are Polygon and Loopring.

Polygon was initially called Matic at the time it was launched in 2017, by Jaynti Kanani along with three other people. It was rebranded in February 2021, as Polygon to help Ethereum solve its scaling problem. It reduces transaction costs, speeds up transactions, and increases security. Because of its cross-chain functionality, it is often called Ethereum’s Internet of Blockchain.

Loopring was designed in 2017 to host automated market makers. It utilizes zk proofs for transaction speed and efficiency. It features on-chain data availability. This includes order rings, order miners and order sharing. It can support low-cost, high throughput, non-custodial DEXs.

While they both offer scaling solutions, Loopring is limited to DEXs while Polygon can be used on any platform, including NFTs, DEXs, DEXs, DeFi, and dApps. Polygon is therefore more flexible than Loopring. While Polygon can handle about 7,000 transactions per second, Loopring can only process 2,000. Similarly, Polygon charges lesser ($0. 25) is cheaper than Loopring ($0). 74) to perform Ether-based transactions.

Both MATIC (and LRC) have been subject to quick price actions. They were both $2. 92 from December 2021 up to $1. 73 now and starting at $3 75 from $3. 00 is now. MATIC is a great investment due to its low fees and speed, scalability and many use-cases. Its widespread adoption is proof of this.

It ranks 15th in market capital at $11.8billion, compared to Loopring which is ranked 83rd at $1.2billion. Both cost less than $2 and are expected to perform three times as well before the year is over. The use cases of each investment will determine which one is the best. MATIC is therefore the best investment.

Do your research before you invest in any token. Make sure you only invest the amount you can afford. Be wise.

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Bitcoin

Former Coinbase Business Developer: ‘There Wasn’t a Long-Term Case for Bitcoin Payments’

Nick Tomaino, a former business developer and marketing lead at Coinbase, explained how the idea of bitcoin for payments gradually lost its relevance in the market. Tomaino detailed that Coinbase rode this premise back in 2014 to raise $125 million in two funding rounds, but it was quickly clear that there was not a case [……
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Bitcoin

Japanese Corporation Metaplanet Acquires More Bitcoin, Stock Price Soars

Metaplanet, a publicly traded corporation on the Tokyo Stock Exchange, has announced an investment of 23.351 bitcoins, with an average purchase price of 10,706,180 yen per BTC, totaling 250 million yen ($1.6 million). The company now holds 141.0727 bitcoins, with an average purchase price of 10,278,391 yen per BTC…
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Bitcoin

BTC slips amid poor debut for Hong Kong spot ETFs

Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading. Data showed trading volumes hit just over $11 million, against expectations of over $3oo million. Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading…


  • Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading.
  • Data showed trading volumes hit just over $11 million, against expectations of over $3oo million.

Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading for much hyped spot Bitcoin and Ethereum ETFs in Hong Kong.

BTC was down about 1.4% at the time of writing, having touched lows of $61,587 across major crypto exchanges.

The benchmark cryptocurrency, which has struggled to reclaim key levels since its recent halving event, was seeing a 24-hour trading volume of $28.4 billion.

Bitcoin price and Hong Kong spot ETFs debut

Earlier, Bitcoin price surged to above $64,000 as the six spot Bitcoin and spot Ethereum ETFs went live in Hong Kong.

The flagship cryptocurrency rose to over $64,727 on US-based crypto exchange Coinbase. BTC also soared after reports Hong Kong approved the listing of the ETFs.

NEW: 🇭🇰 Opening ceremony of Hong Kong spot #Bitcoin ETFs 👏 pic.twitter.com/ux1eb5PqRn

— Bitcoin Magazine (@BitcoinMagazine) April 30, 2024

However, as data streamed in showing disappointing trading volumes and inflows, Bitcoin price took a hit. According to details of the six ETFs’s debut day, total trading volume reached just $11 million, not impressive given projections were much higher at over $300 million.

Bitcoin ETFs saw about $8.5 million while Ethereum ETFs recorded just $2.5 million on the first day. Ethereum price fell to $3,040.

Notably, the figures from Hong Kong are way lower compared to those recorded amid the enthusiasm that greeted the launch of spot Bitcoin ETFs in the US in January. On their debut, the US spot BTC ETFs raked in over $4.6 billion in trading volume.

The start to trading for the ETFs has not helped BTC price and BTC could face a slide under the $60k level if sentiment flips negative. On the upside, resistance at $65k remains critical and a breakout could see the bellwether digital asset soar towards its recent peak.


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