Although the crypto market is on an uptrend, projects have continued to record significant progress. Polygon has announced a collaboration with the Near Foundation in a bid to foster greater interoperability across chains. In other news, Ton has partnered with Telegram for a giveaway, while Bitcoin Spark has gained attention for integrating smart contracts into Bitcoin’s codes.
Polygon Labs Has Partnered With Near Foundation
Polygon Labs has entered into a partnership with Near Foundation to foster greater interoperability across chains. Via the partnership, Polygon will bring Near protocol closer to Ethereum. It will also enable blockchains with WebAssembly (WASM) technology to utilize Ethereum’s liquidity.
The Polygon network will also join Near in building a zero-knowledge infrastructure for WASM blockchains. The Polygon coin has already reacted positively to the development. MATIC has increased by over 7% and up to 24.5% on the weekly chart.
The MATIC price has now surpassed the $0.8200 resistance. With the ongoing Polygon 2.0 rebrand, MATIC could see greater bullish price movement. The MATIC price forecast suggests a rally above $1 if bulls maintain their momentum.
Telegram Launches “Giveaway” Toncoin Rallies
In September, Toncoin entered a strategic partnership with Telegram, leading to a major TON price surge. The partnership gave Toncoin access to over 800 million Telegram Wallet users. Now, Telegram has announced a new “Giveaway” feature utilizing TON.
The new feature allows Telegram channel owners to distribute prizes among their followers. CEO of Telegram, Pavel Durov, used $200,000 worth of TON tokens to give 10,000 Telegram users free Premium subscriptions. TON responded with a strong, bullish price performance.
Toncoin’s price rallied as high as $2.75, its highest price level in a year. However, it quickly corrected back to the $2.64 level. According to analysts, the correction could continue as the Toncoin value sits near a confluence of historically strong resistance zones.
Bitcoin Spark (BTCS) Bring Smart Contracts To Bitcoin
Several projects have launched layer-2 networks to solve the lack of smart contract functionality on Bitcoin. However, the base layer of Bitcoin still remains incapable of handling smart contracts. Bitcoin Spark has solved this problem with a new model.
Bitcoin Spark was forked from Bitcoin but upgraded to support smart contracts. So, while developers enjoy the flexibility of smart contracts, they also benefit from the security, dependability, and privacy of the base blockchain network.
In addition, the project is built on a more efficient Proof-of-Process consensus algorithm. This new consensus model offers faster transaction speeds with higher throughput than Bitcoin. Because of these upgrades, Bitcoin Spark has been rated as the best new crypto to buy for the next rally.
BTCS has also been projected to benefit from the approval of a spot Bitcoin ETF. However, investors still have a chance of joining Bitcoin Spark early as it just entered its tenth crypto presale stage. While it now trades at $3.75 per token, analysts have projected a rally to $40 for Bitcoin Spark in the next market rally.
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