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Polygon (MATIC) has experienced a dip in price after a brief rally in early November. The token reached a high of $0.95 but has since retraced and consolidated around $0.81 by December 5. Despite a series of announcements and developments surrounding the Polygon ecosystem, including the zkEVM Mainnet Beta Upgrade and support from Amazon Managed Blockchain (AMB), experts remain bearish on MATIC.
On the other hand, TRON (TRX) has also seen a decline in price. After reaching a high of $0.11, TRX currently sits at $0.10. Despite being one of the best-performing altcoins during the bear market, experts predict that TRX will fall below $0.08 in the coming months.
Meanwhile, Rebel Satoshi ($RBLZ), a meme coin project, has gained attention in the crypto industry. The $RBLZ token, adhering to the ERC-20 standard, has shown profitability and utility. The public presale of $RBLZ started at $0.010 per token and has seen a surge of 30% in price during the first round. Early investors are expected to see a 150% return on investment when the presale concludes.
In other news, Bitget, a Web3 and cryptocurrency trading platform, has made a multimillion-dollar investment in Morph, a Layer 2 consumer blockchain. Morph’s roll-up technology combines Optimistic and ZK roll-ups to enhance cost efficiency, dispute resolution, and transaction security for dApps. The partnership with Bitget will leverage its extensive user base and drive user adoption for Morph.
Morph has also formed a strategic partnership with Foresight Ventures, a Singapore-based crypto fund. This partnership aims to support Morph’s expansion plans, including technical development, ecosystem growth, marketing, and community management. The Testnet Beta for Morph is scheduled to launch in early January 2024, followed by the mainnet beta in Q2 2024.