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The leading Ethereum scaling platform, Polygon, made a crucial announcement to its investors ahead of the significant MATIC to POL transition. Scheduled for 4 September, the community-driven and upgraded altcoin will have immediate use cases within Polygon's proof-of-stake (PoS) ecosystem.
Polygon Labs announced a significant commitment to switch its network's native gas and staking token from MATIC to POL. Polygon said the transition will occur in stages, with POL first becoming the native staking token and gas for the Polygon PoS network on September 4.
Ethereum's largest scaling solution, Polygon, announced that the long-awaited migration of its MATIC token to POL will take place on September 4.
MATIC price is showing positive signs from the $0.3920 zone. Polygon is rising and might gain bullish momentum above the $0.4220 resistance.
Polygon (MATIC) price, a Layer 2 scaling solution for Ethereum, shows signs of recovery after its recent rebound. Positioned at a critical support level, MATIC price is ready for a quick rally coupled with the surge in buying interest Polygon Announces POL Rebrand, All Eyes on MATIC Price Polygon announced a significant update scheduled for
Polygon, the largest Ethereum scaling solution has announced a significant update for its network, marking the transition from MATIC to POL tokens as its native asset. Scheduled for September 4, this migration will replace MATIC with POL, playing a crucial role in the Polygon ecosystem, including its position within the AggLayer.
Polygon, a layer 2 crypto, has recently experienced a downturn in its market value, mirroring broader declines across crypto markets. MATIC price reached its peak at an all-time high of $2.92 on Dec 27, 2021, before undergoing a significant correction.
MATIC, the native token of the Ethereum sidechain Polygon, has had it rough in the past five months. After soaring above $1.2 in March, the token has been in freefall, dumping over 65%.
MATIC's price has shown little movement, reflecting a period of stagnation for the cryptocurrency. As of the latest data, MATIC is trading at approximately $0.4215, with a market capitalization exceeding $4 billion.
Cryptocurrencies have diverged from American stocks, leading to substantial losses to Bitcoin and altcoin holders. Bitcoin has continued consolidating below $60,000 while the total market valuation of all coins has dropped to $2 trillion. This price action has led to worse performance of most altcoins.
A closely followed crypto analyst says that Bitcoin (BTC) may be forming a bullish pattern, setting up a massive breakout. In a new strategy session, crypto trader Ali Martinez tells his 69,300 followers on the social media platform X that Bitcoin could soon soar more than 7% from its current value in the short term.
Is MATIC's latest price drop a considerable entry point or a red flag? Seasoned experts weigh in.
Despite recent price declines, many analysts are bullish on Polygon (MATIC), citing strong fundamentals, key support levels, and positive technical indicators
If Polygon closes this week above a certain mark, then it might begin its journey towards $50.
Polygon has recently found support at the $0.38 level, a price point that has not been tested in two years. This support has been instrumental in halting a persistent falling channel trend, which had seen the price dip significantly.
Polygon (MATIC), a leading Ethereum scaling solution and layer-two protocol, is increasingly under the spotlight as investors and analysts scrutinize its potential over the next decade. With Polygon's impressive track record and significant role in enhancing Ethereum's scalability, many are curious about whether MATIC can reach or even exceed $10 by 2030.
MATIC, Polygon's native token, has experienced a sharp decline recently, shedding about 15% of its value over the past month amid a broader downturn in the cryptocurrency market. Despite this, MATIC recovered last Monday after hitting a local low of $0.34.
Polygon (MATIC) price has declined by 17% in the last 30 days. While the token has had a series of recoveries, its price action in recent weeks has been nothing short of underwhelming.
The price of Polygon's Ecosystem Token (POL) has fallen to the bottom of the chart. Price analysis by Coinidol.com.
The value of MATIC, the native token that powers leading Layer-2 (L2) solutions provider Polygon, has experienced a large drop in the last week. During Monday's general market decline, the altcoin's value plummeted to a two-year low of $0.34.
Real-world tokenized assets returned an average of roughly 213% this year, making the sector one of the highest-performing in the industry.
Latest updates on the coins MATIC, JASMY, and PI.
Polygon (MATIC) is currently enduring a severe downturn. The cryptocurrency has plunged to multi-year lows, with its price dropping to $0.3342 before stabilizing around $0.39. This marks the lowest level MATIC has seen since June 2022.
Polygon, a Layer 2 scaling solution, has exhibited a descending trend, reflecting the recent downturn in the cryptocurrency market. This decline is part of a broader global market correction, as most other cryptocurrencies have also turned bearish.
