Cryptocurrencies Price Prediction: Polygon, JPMorgan & Crypto – European Wrap 11 October
|Polygon price dips while co-founder outlines ApeChain improvement proposal
Polygon co-founder Sandeep Nailwal has put out an "ApeChain" proposal to address ApeCoin's scalability challenges. At the time of writing, the ApeCoin DAO proposal received 18 votes that could initiate the development of a dedicated zero-knowledge powered Layer-2 (zk-L2) chain on the Polygon network. In the past, however, not all community members have been in agreement about the need for ApeCoin's own chain.
JPMorgan debuts commercial trade on TCN, not on Ethereum
Banking giant JPMorgan Chase & Co., which launched its Tokenized Collateral Network (TCN) this week, has made its maiden commercial application. Bloomberg reported that the bank made a collateral settlement between BlackRock and Barclays on its blockchain network on Wednesday.
Crypto nosedive amid stock upturns
The crypto market did not support the impressive rise in risk appetite on traditional finances. Their combined capitalisation fell 1.7% over the past 24 hours to $1.055 trillion - the lowest in almost two weeks.
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