The post Can Arbitrum and Polygon Overcome Struggles? appeared on BitcoinEthereumNews.com.

The past few months have been marked by struggles in the crypto world. Following Bitcoin’s climb to an all-time high in March, the market entered a correction phase and has not fully recovered. This consolidation has negatively impacted Polygon and Arbitrum, and analysts are uncertain about their future. However, not all digital assets are underperforming. Rollblock, a relatively new member of the crypto market, has been setting new personal records and smashing milestones. With a Rollblock price increase on the horizon, let’s look at what makes this digital asset special. Polygon’s Recent Struggles Despite some positive signs in late August, the Polygon price has failed to maintain substantial bullish momentum. MATIC has fallen over 10% in the past month, and prominent experts believe its bearish phase will continue. This decline comes after the recent migration from the MATIC token to the POL token for gas fees on the network and as the new driving force of the ecosystem. Many expected this transition to boost Polygon’s price significantly. Although it received some temporary attention, as shown by a huge spike in trading activity and a slight Polygon price increase, it quickly resumed its downward trajectory. With MATIC underperforming, investors may need to find alternatives to avoid further losses. Will Arbitrum Continue Underperforming? Arbitrum is down almost 10% over the past month and is also not showing significant bullish momentum. ARB hit its all-time high in January, but it’s been downhill since then. It retested this level in March but could not reclaim it and went into a correction phase mirroring the broader market. ARB’s underperformance is reflected in its technical indicators, as ARB’s 100-day EMA and 100-day SMA are higher than its price, showing prolonged bearish momentum which could keep its price down going forward. ARB and MATIC’s lack of positive…

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Filed under: News - @ September 12, 2024 8:20 am