Disclosure: Members of our team may own positions in assets mentioned in this report. This statement is intended to disclose any conflict of interest and should not be misconstrued as a recommendation to purchase any token. This content is for informational purposes only and you should not make decisions based solely on it. This is not investment advice.
BTC and ETH had been ranging from the Asia session into the London session, with a short bout of weakness emerging at New York open. As mentioned in yesterday’s daily, BTC currently sits near its range high and traders are awaiting confirmation of either bearish continuation or an uptrend over the next week.
Polygon Search Trend Erupts
- Google trends indicates Polygon is garnering attention from retail users as 1.4 million searches were made for Polygon/MATIC in May alone.
- While “DeFi” and “Yield Farming” are growing in search volume as well, users are currently tilted towards Polygon. Given the barrage of liquidity mining programs on Polygon, this isn’t much of a surprise.