Similarly, ETH is back to trading in the lower bound of the $1,300 region after plummeting by 4.3% in the same period. The second-largest cryptocurrency by market cap will likely extend its decline towards support levels near the $1,200 to $1,220 zone, should it fail to establish a firm foothold above the $1,325 level. Mid-to-large-cap altcoins are submerged in a sea of red, with the exception of UNI and LINK, which defied the broad-based bearish pressure with a 3% increase in a similar time frame.
Talk of the Town
Popular trading platform, Robinhood, has launched the beta for its web3 wallet for 10,000 iOS users who have signed up for the waitlist. The web3 wallet stands out from the crowd by offering seamless access to the decentralized web, and letting users trade cryptocurrencies without any fees. The latest version works exclusively with the Polygon blockchain instead of Ethereum. Users can purchase MATIC tokens on Robinhood’s main exchange app, and will also be able to access dApps directly on the Polygon network. This includes DeFi apps such as Uniswap and Balancer, as well as metaverse games such as Decentraland. Over time, the Robinhood team will roll out a multichain support for the wallet beyond the Polygon ecosystem.
