Polygon blockchain- Layer 2 zkEVM scaling platform

Polygon is a decentralized layer 2 Ethereum scaling platform that enables developers to build scalable user-friendly dApps with speed transactions and low fees.

Polygon zkEVM -

It is the first layer 2 network of the Ethereum Virtual Machine (EVM), a zero-knowledge (ZK) rollup scaling solution. It's just like using Ethereum, but with the groundbreaking scaling power of ZK tech," Polygon zkEVM uses a cryptographic primitive called a ZK proof to validate state transitions. It lowers the total cost of usage for end users for a better user experience.

Polygon zkEVM main beta launched in Mar 2023, with two upgrades Dragon Fruit (ForkID5) in Sep 2023, and Inca Berry (ForkID6) in Nov 2023.

Polygon portal-

Polygon Portal is a unified UI that makes it easy to bridge and manage your digital assets in a single place without compromising security, cost, and convenience.

It helps to transfer funds from both Polygon zkEVM and PoS to Ethereum and vice versa using the Polygon bridge.

Transfer funds from one wallet to another wallet.

Swaps assets easily with third-party DEXs.

Main features of TRON

Transaction per second -65000

Block finality time - 5 minutes

Average fee per transaction- $0.01

DOTUSD prices surged more than 95% from Oct low of $0.50.It hit a high of $0.9820 and is currently trading around $08702. The pair holds well above the short-term (21 and 55-day EMA) and long-term moving average (200-day EMA).

The near-term resistance is around $1, any indicative breach above will take the pair to $1.25/$1.57. On the lower side, immediate support is $0.72, and any violation below targets $0.68/$0.60.

Indicators ( Daily chart)

CCI(50)- Bullish

Directional movement index - Neutral

It is good to buy on dips around $0.80 with SL around $0.68 for TP of $1.50.

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