Crypto Giants Ripple (XRP), Polygon (MATIC), and Avalanche (AVAX) Ready to Soar with Game-Changing Upgrades

• Top cryptocurrencies’ Ripple (XRP), Polygon (MATIC), and Avalanche (AVAX) are ready to rally in the coming days with key developments around the projects.
• Avalanche’s highly anticipated GameFi project, Shrapnel, Polygon Etrog upgrade, and the deadline for the remedies-related discovery phase for Ripple are some of the key developments.

Some top cryptocurrencies are setting up for a price rally based on key developments within their respective networks. For the last couple of weeks, a majority of coins’ price movements have been subject to the movement of Bitcoin (BTC). In the coming days, the market could witness a breakup with altcoins forging their own paths.

Avalanche’s highly anticipated GameFi project, Shrapnel, Polygon Etrog upgrade, and the deadline for the remedies-related discovery phase for Ripple are some of the key developments.

Ripple Case Update Could Influence XRP

On February 12th, XRP could experience a critical change with court developments in the Ripple v. SEC case scheduled for an update. Specifically, the date is the deadline for the remedies-related discovery phase. This will be followed by a ruling from Judge Torres on the SEC’s motion to compel.

As CNF reported, the SEC seeks to compel Ripple to share its financial statements for 2022 and 2023 and details of post-complaint contracts with institutions. However, Ripple has objected to the request, noting that it would be unnecessary legal scrutiny of their post-complaint institutional sales.

The developments around this could influence XRP in the short term. At the time of press, XRP is trading for
$0.5126 after a nearly 4% drop in the last 7 days.

Polygo Readies For The Etrog Upgrade

Polygon (MATIC) is on the verge of a major upgrade as it transitions its zkEVM to a Type 2 ZK-EVM. Scheduled for this week, the transition will welcome enhanced compatibility and efficiency for crypto developers and users. Significantly, the upgrade will allow developers to copy the Polygon zkEVM exactly as it is on Ethereum.

The next upgrade for Polygon zkEVM will, effectively, make the network a Type 2 ZK-EVM. What does that mean for developers? It means that you can deploy your code on Polygon zkEVM exactly as it is on Ethereum—just copy-paste and go, no modifications necessary.

The 10-day… pic.twitter.com/GThNxj7V6F

— Polygon Foundation (@0xPolygonFdn) January 27, 2024

In the coming months, the network hopes to transform into Polygon 2.0 and launch a new token dubbed POL. The POL native token has been proposed but is yet to receive a final consensus from the Polygon community. Once approved by the community, the native token will be adopted by the network.

MATIC has, in the past 24 hours, rallied by 1% but is still down by nearly 3% in the past 7 days. With a market cap of $7.2 billion, the altcoin is ranked 15th by market cap.

Avalanche (AVAX): Coming GameFi project, Shrapnel

Avalanche is looking forward to the launch of the GameFi project, Shrapnel, developed by Neon Machine (an HBO Interactive spin-off). The game has already garnered great attention with $7 million in token sales from prominent investors such as Dragonfly, Three Arrows Capital, and notable angel investors.

STX1 – Launch alert!

WEN? Our first STX event (STX1) begins on Feb 8th and concludes on Feb 10th.

Gear up for an intense competition with an STX1 prize pool of US$100,000 in SHRAP thanks to @RNGFoundation – extract Sigma, and dominate the leaderboard!

Unlock exclusive… pic.twitter.com/0vLgR0onjN

— SHRAPNEL (@playSHRAPNEL) January 29, 2024

At the time of writing, AVAX is trading at $34.07 after a 3.3% drop in the last 24 hours, extending its weekly losses to 4.4%.