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MATIC price prediction as Polygon partners with DraftKings

MATIC is trading in a relatively tight range after Polygon partnered with DraftKings. Through the deal, DraftKings will use Polygon’s technology for its NFT marketplace. Polygon’s ecosystem has more than $4.5 billion worth of TVL.

The price of Polygon (MATIC) held steady on Monday, even after the developers announced a major deal with DraftKings. The MATIC price is trading at $1.4965, which is slightly below the weekend high of $1.6285.

Partnership Polygon and DraftKings

Polygon is the largest Layer 2 blockchain project in the world. MATIC, the original token, has a market cap of over $10 billion, making it the 21st largest token in the world. Polygon helps developers optimize their Ethereum-built applications. Visit Renovato.io Crypto website for enough information. It does this by solving some of the biggest challenges Ethereum faces, such as slow speed, scalability and higher transaction costs.

To date, hundreds of projects have been built using Polygon’s platform. Some of the most popular are Curve, Aave, and SushiSwap. In all, all of these applications have a total value-locked (TVL) of over $4.5 billion.

Draftkings

On the other hand, DraftKings is one of the largest gambling companies in the world. It has a total market cap of over $20 billion and is in the process of acquiring Entain for approximately $22 billion.

Now DraftKings and Polygon are working with the former using Polygon’s technology. Exactly, DraftKings will use Polygon to power its Marketplace service. DraftKings will also be a validator of Polygon’s nodes. Validators are parties in a proof-of-stake network that are given the opportunity to verify blocks. In a statement, the DraftKings CEO said:

“Scalability and sustainability remain one of the critical challenges of blockchain technology, so as we lay the groundwork for DraftKings Marketplace’s vision today, Polygon’s comprehensive insights and proven products around scalable solutions are invaluable. Polygon price prediction 2025 is positive. ” The announcement is an important validation for Polygon and could help increase the MATIC price. Firstly, Polygon is fast becoming a leading player in the NFT industry.

MATIC price forecast

The 1-day chart shows that the MATIC price has been in a narrow range for the past few weeks. The price is struggling to break above the key resistance level of $1.7860. It is also a few points above the 25 and 50 day moving averages.

It is also slightly below the 50% Fibonacci retracement level. Therefore, the general outlook for the Polygon price is neutral at the moment. A bullish view will only be confirmed if the price clears above the USD 1.7860 resistance.

Top 3 Anonymous Crypto Exchanges Without KYC

Today, there are few crypto exchanges where you do not have to go through a KYC (Know-Your-Customer) / verification process before you can start trading. Due to Dutch regulations, all exchanges are actually obliged to get to know their customers first. This is, among other things, to curb terrorist financing, money laundering and sponsoring other criminal activities via cryptocurrencies.

So we can be happy that these regulations have been brought into being, but such a process can still be an annoying hurdle. Usually a verification does not take long, but sometimes it is a long wait for approval from the relevant exchange. You also give away a piece of your own privacy, which is a great sin for many.

Unfortunately, you really need access to an exchange first to purchase your crypto coins with fiat money. The great thing is that not all exchanges are located in the Netherlands and therefore do not fall under Dutch law enforcement, which makes it possible to use an exchange without KYC. So do you want to get started right away and is that bit of privacy that you give away too much? Then you can always try it at the 3 anonymous crypto exchanges below without KYC / verification process!

What is KYC?

KYC stands for “Know Your Customer”. Know Your Customer is a policy that financial companies, such as banks, asset managers, as well as stock exchanges and crypto exchanges use to know who their customers are. For example, if you open a new bank account with ING, you will first have to do a KYC check. In short, they want to know from you as a customer whether you are really who you say you are.

It is mandatory for financial companies that fall within the scope of Dutch law enforcement to have a good KYC policy. Such a KYC policy involves identifying and screening each potential client for potential risks prior to admission. XTZ tezos is well known in crypto.

Proof of address (e.g. electricity, water, gas, telephone or internet bill)

This can sometimes be a tedious activity and you still give away some important data that can just be released on the internet in the event of a data breach. On the other hand, a good KYC policy contributes to the safety of your finances and indirectly to the safety of your environment by preventing the sponsoring of criminal activities as much as possible.

Crypto exchanges without KYC

The crypto exchanges discussed below are therefore accessible without giving away your personal information. In some cases, you don’t even need an account. Unfortunately, some exchanges (such as some decentralized exchanges) do not allow you to deposit euros with which you can buy crypto, so you can only exchange crypto coins against each other on such a platform.

If you do not yet own crypto, you will first have to buy digital coins elsewhere with your euros, for example with an iDEAL payment. But don’t worry, per exchange it is indicated below whether you can deposit euros or not, so let’s go!

Binance

Binance is the largest cryptocurrency exchange with an ever-growing supply of crypto coins and a buying and selling volume of several billions per day. There are also endless possibilities with Binance, such as. It is therefore not surprising that this exchange attracts so many crypto fanatics. Just about all the possibilities you can think of for making money with crypto are bundled on one platform and that is why it is also our favorite exchange! Ripple is well known in crypto.