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Move Aside Polygon (MATIC) and Litecoin (LTC): Everlodge Shoots for the Crypto Stars

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Two well-known players in the crypto realm, Polygon (MATIC) and Litecoin (LTC), have long held their ground. But, a fresh entrant is making waves – Everlodge. Let’s delve into the story of these three, and explore why the latter might just be the next crypto star.

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Polygon (MATIC): A Bumpy Ride for Ethereum Scaling

Polygon (MATIC) has tried many different ways to make Ethereum faster and cheaper. The platform started by using its own blockchain, but that wasn’t enough for Polygon (MATIC). Then Polygon (MATIC) tried using “rollups,” which are a way to make Ethereum transactions happen off-chain. But that wasn’t perfect either.

Now, Polygon (MATIC) has released a new tool, the Chain Development Kit (CDK). This tool lets developers of Polygon (MATIC) create layer-2 chains using ZK technology, a way to make transactions more secure and private.

Polygon (MATIC) is facing competition from other layer-2 solutions like Matter Labs’ zkSync, and Starkware’s Starknet. These solutions are also using ZK technology. The race to be the best layer-2 solution is heating up, and it’s not clear who will win. The current price of Polygon (MATIC) is $0.55. This is 81.05% below the all-time high of $2.92.

Litecoin (LTC): Navigating the Payment Landscape

Litecoin (LTC) is known for its fast and cheap transactions. Furthermore, Litecoin (LTC) has been gaining popularity as a payment method, especially through BitPay, a payment processor that accepts cryptocurrencies. In fact, Litecoin’s (LTC) share of payments through BitPay has surged in recent months.

However, Litecoin (LTC) has also faced some challenges. The halving event of Litecoin, which reduces the number of LTC that are rewarded for mining, initially sparked bullish expectations for the cryptocurrency. But Litecoin’s (LTC) performance has not met these expectations, and the price has been declining.

The emergence of a bearish death cross formation on LTC’s chart has further dampened the sentiment around this digital asset. The current price of Litecoin (LTC) is $64.29. This is 84.43% below th

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Author: Crypto Daily

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