Important Developments for 4 Altcoins Followed by Turks: Price Jumped! –

This altcoin, followed by Turkish users, announced its new roadmap. However, the price jumped.

This altcoin revealed its roadmap

Celo (CELO), one of the altcoins whose development is closely followed, has announced its roadmap for the upcoming period on its official site. In addition, with the announcement of the roadmap, there was a sudden increase in the price of altcoin. However, the main points that the Celo team addressed in the roadmap published in detail are as follows:

“The Celo ecosystem was launched in 2020 with the goal of creating a carbon-negative blockchain platform for stable-value transfers and easy payments. Altcoin has been successful in achieving this goal. It has also been used to launch projects such as ImpactMarket and GoodDollar, which paid $3.3 million to 536,000 people in 26 emerging economies.

The next chapter of Celo is deep alignment with the Ethereum Roadmap, horizontal scalability, fast EVM L1, improving CELO tokenomics, rewarding users, premium developer experience, providing powerful building blocks for wallets and applications.

It also implements all Web3 projects that develop the regenerative economy. However, it focuses on being the best platform for scaling.”

In the second part of the statement, the Celo dev team cLabs explain that they believe Celo can achieve horizontal scalability by using L2 rollups on the L1 chain.

Polygon price is on the rise

Polygon is currently among the top ten crypto assets by market cap of $9.7 billion. The Ethereum Layer-2 scaling network has grown stronger this year. According to Token Terminal, daily active users on Polygon have outstripped those on Ethereum. According to the chart, BNB Chain is the best blockchain for daily active users with around 800,000 users.

However, Polygon is now second with 340,000, eclipsing Ethereum’s 320,000. Polygonscan reports that the increase in daily active chain addresses is approaching 400,000. Also, the metric has risen 21% over the past two weeks. Etherscan confirmed on January 26 that there are 341,000 active Ethereum addresses.

Increased efficiency on the polygon chain

The total value locked in Polygon DeFI has also increased since the beginning of the year. TVL on the network is currently worth $1.28 billion, according to DeFiLlama. This represents a gain of almost 20% since January 1. AAVE is the leading platform in Polygon with 25% market share. It is also the fourth largest DeFi ecosystem after Polygon, Ethereum, BNB Chain, and TRON. Has 80% more locked collateral than Solana.

According to Polygonscan, the network currently processes around 3 million transactions per day. The Bitcoin network processes around 300,000 transactions per day. On January 26, Polygon partnered with Arkham Intelligence, a blockchain analytics company. On January 20, MATIC partnered with BitGo to provide staking capabilities to its holders.

On January 17, Polygon announced that it had successfully completed the Delhi hard fork, designed to reduce gas fees and reorganize the address chain. As we mentioned, MATIC reached $1.09, up 9.6% on the day. Remarkably, MATIC is moving in the opposite direction to the rest of the crypto market, which is slightly down.

Optimism at an all-time high

OP, the native token of project Optimism, which brings a scaling solution for the Ethereum network, has climbed to an all-time high of $2.55 as of January 25, 2023. OP has already caught the attention of many crypto investors in recent days, gaining 150% since early 2023.

Although crypto money broke the record of all time, it did not stay at the top. According to the 4-hour chart, the OP, which could not close above the $2.41 resistance, is currently trading at $2.15.

Important Developments for 4 Altcoins Followed by Turks: Price Jumped!

The first possible support for the OP token is at $1.90. Investors expect the uptrend to continue, but on-chain data is giving some negative signals to investors.

According to data on the website of blockchain network tracking platform Blockscan, the number of transfers on Optimism rose volatilely in the second half of 2022. However, the sudden decline of 70% on January 20 is confusing.

Polkadot lately leader

Polkadot (DOT), a blockchain network often described as the ‘blockchain of blockchains’, has recently become the leading cryptocurrency network with development activities after overtaking Cardano (ADA).

According to data shared by on-chain analytics firm Santiment, Polkadot’s development activity and pre-production network Kusama’s development activity over the past 30 days surpassed that of smart contract platform Cardano.

Cardano took the third place in terms of development activity, while the cryptocurrency took the leading position in the ranking last year. Currently, it is rising above the larger cryptocurrencies by market cap, including Ethereum (ETH) and BNB. Behind it were various other notable cryptocurrencies, including Decentraland (MANA), Status (SNT), Cosmos (ATOM), Filecoin (FIL), and Internet Computer ($ICP).

As CryptoGlobe reports, Polkadot has seen active user numbers increase by 300% amid last year’s cryptocurrency market crash. Polkadot’s main blockchain, called the relay chain, does not support smart contracts, but other blockchains connected to it may support them.

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