Polygon Ecosystem Gains Momentum with Mastercard Collaboration

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 6 days ago

GRT-1.034%

MMT+8.611%

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Developer Engagement Surge: According to Santiment, Decentraland (MANA) leads the Polygon Ecosystem with a DevAct score of 52.97, indicating robust growth in the metaverse sector and reinforcing Polygon's position in blockchain infrastructure.
Diverse Project Participation: Curve Finance (CRV) and The Graph (GRT) follow with scores of 20.4 and 9.9, respectively, showcasing sustained investment and active development across multiple projects within the Polygon ecosystem, which helps mitigate reliance on a single use case.
Collaboration with Mastercard: Polygon recently announced its participation in Mastercard's machine payment initiative, aimed at establishing standards for agent-to-agent transactions and supporting the growth of automated digital commerce, which will enhance the application of blockchain technology in real-time payments and improve transaction efficiency.
Alignment with Industry Trends: This initiative aligns with the broader industry trend towards autonomous financial systems, as the integration of artificial intelligence and digital agents in commerce increases the demand for payment systems capable of operating around the clock, thereby enhancing Polygon's market competitiveness.

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Technical Analysis for GRT

Technical Sentiment Analysis for The Graph (GRT). As of , The Graph (GRT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for GRT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, GRT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

The Graph (GRT) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0153	0.0169	0.0184	0.0199	0.0214	0.023	0.0245
Fibonacci	0.0169	0.018	0.0188	0.0199	0.0211	0.0218	0.023

About GRT

The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem. Anyone can build and publish open APIs, called subgraphs, that applications can query using GraphQL to retrieve blockchain data. There is a hosted service in production that makes it easy for developers to get started building on The Graph and the decentralized network will be launching later this year. The Graph currently supports indexing data from Ethereum, IPFS and POA, with more networks coming soon.To learn more about this project, check out our deep dive of The Graph.To date, over 3,000 subgraphs have been deployed by thousands of developers, for DApps like Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, Decentraland and many others. The Graph usage has been growing at over 50% MoM and hit over 7 billion queries during the month of September 2020.The Graph has a global community, including over 200 Indexer Nodes in the testnet and more than 2,000 Curators in the Curator Program as of October 2020. To fund network development, The Graph raised funds from community members, strategic VCs and influential individuals in the blockchain community including Coinbase Ventures, DCG, Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, Tally Capital and others. The Graph Foundation also successfully completed a public GRT Sale with participation from 99 countries (not including the U.S.). To date as of November 2020, The Graph has raised ~$25M.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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