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    Home»Altcoins»What is the reason for yesterday’s record growth of Binance Coin and Polygon in the top 15?
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    Altcoins

    What is the reason for yesterday’s record growth of Binance Coin and Polygon in the top 15?

    AdministratorBy Administrator12.01.2022No Comments2 Mins Read
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    The positive fundamental factors in the second half of Tuesday led to the formation of a wave of active purchases of digital currencies. Investors paid attention primarily to the coins with “hot” corporate news, which lagged behind the general dynamics of the market.

    In the top 5, Binance Coin (BNB) aroused the greatest interest of investors, who carefully read the Bloomberg article about the founder of the exchange of the same name.

    Changpen Zhao claims to be the richest person in this area. Journalists of the business publication assessed not only the size of his fortune, but also the potential of the Binance exchange.

    The service cryptocurrency of this site BNB has grown by 10% in a day, after statements about a three-fold superiority of annual profit over the flagship of the American crypto business Coinbase. In the evening, news about Binance’s expansion to Eastern Europe became an additional incentive to buy the token.
    3
    Polygon (MATIC) has become the leader in growth in the top 15, thanks to the publication of the announcement by the team about the launch of the Plonky2 consensus. This is a kind of zero knowledge proof that operates at a transaction confirmation speed of 0.17 seconds.

    The developers of the second-level network will implement the algorithm into their own Polygon Zero network, having achieved not only the scaling of Ethereum transactions, but also the confidentiality of operations. In the future, zero knowledge proof will become the basis for expanding the decentralization of the first level network, without requiring a procedure for lengthy synchronization of nodes with the blockchain.

    Investors praised Polygon’s $ 1 billion investment in the technology. A quarter of the funds went to purchase Mir, a startup that launched Plonky2.
    The MATIC token added 15% per day on this news.
    4




    #reason #yesterdays #record #growth #Binance #Coin #Polygon #top

    Binance Coin growth Polygon reason Record Top yesterdays
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