Daily Active Users On Polygon Now Increases By 8% As Silvergate Falls 8.7%

Key Points:

• Throughout the week, Bitcoin trades at around $23,000, up 0.61% from the previous day.
• Ether fell by 0.08% to $1,605 while Solana’s SOL fell 0.6% to $24,43. Meanwhile, Polygon’s MATIC increased as network transactions increased.
• Silvergate fell in early trade after announcing a suspension of payments on its 5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A.

Cryptocurrency prices have remained reasonably stable, with most major cryptocurrencies trading flat or slightly higher like Polygon. Silvergate plummeted after cancelling a preferred dividend.

According to TradingView statistics, Bitcoin was trading at $23,149, up 0.61% from the previous day. Throughout the week, the leading cryptocurrency by market cap has traded within this range (around $23,000).

In the same time period, Ether fell by 0.08% to $1,605 while Solana’s SOL fell 0.6% to $24,43. Meanwhile, Polygon’s MATIC increased as network transactions increased.

Previously, Coincu reported that Michaël van de Poppe, a crypto trader, stated that conscious-crypto people will all be laughing at current BTC and ETH values in a few years, saying Bitcoin (BTC) could be at $200,000 or more while Ethereum (ETH) is being adopted everywhere.

According to Token Terminal, the number of daily active users on Polygon has increased by more than 8% in the last seven days.

According to an announcement by Arkham Intelligence, the company will now support Polygon, enabling customers to track, monitor, and identify wallets on its chain, Coincu previously reported.

The price of the dog-themed meme currency Floki Inu skyrocketed after a community suggestion to burn $55 million in tokens. As shown by Coinmarketcap, the token had risen more than 20%.

Silvergate fell in early trade after announcing a suspension of payments on its 5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A. Analysts at KBW, led by Michael Perito, were taken aback by the statement.

According to Nasdaq statistics, shares in the crypto-friendly bank were down 8.7% as of this writing.

Coinbase increased by 10% to above $60.77, while Jack Dorsey’s Block increased by 3.4% to $84.10. MicroStrategy gained over 1.4% to trade above $248.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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