MATIC

The Polygon (MATIC) price has suffered crash after crash in recent months, pushing it down to levels not seen since June 2022. This price crash has led to an 86.27% drop from it all-time high price of $2.92 recorded back in 2021. However, positive sentiment is slowly starting to creep up among Polygon investors who have struggled with losses for the better part of the year, especially as one crypto analyst has predicted a revival for the altcoin. Polygon On…

The Polygon Network recently underwent a technical upgrade to migrate their native token from MATIC to POL. Following the migration, the new token’s price struggled to gain momentum, failing to reclaim the $0.39 resistance level. However, Binance’s recent listing of POL has pumped its price above key levels. Binance Completes Polygon Token Migration On Friday morning, global exchange Binance completed the token migration from MATIC to POL. The exchange had stated it would support Polygon’s token swap by delisting all…

Cardano (ADA), Polygon (MATIC), and Solana (SOL) have been key players in the cryptocurrency market, each building strong communities around their decentralized platforms. However, the tide is shifting as some investors are starting to question the long-term potential of these tokens due to recent controversies and technical changes. A growing number of these investors are turning their attention to emerging projects like Mpeppe (MPEPE), which is currently priced at $0.0021 and has sparked interest for its unique blend of meme…

MATIC is under mounting bearish pressure as it continues its downward slide, drawing closer to a critical support level at $0.3132. A break below $0.3132 could open the door to additional losses, signaling a deeper bearish trend ahead. With the market sentiment turning increasingly negative, speculations are whether the bears can push the price beyond this vital support zone or if the support will hold firm against the downward momentum. As MATIC hovers near the crucial $0.3132 support level, this…

The post Polygon Migrates to POL Token, but MATIC Price Struggles at $0.37!  appeared first on Coinpedia Fintech News Amid a significant network upgrade, the Polygon ecosystem has now migrated to the POL token as its primary token over its mainnet. It all started with the announcement of Polygon Labs on July 18th about the migration of its primary token from MATIC to POL, which went live on September 4. From now on, the ecosystem will use the hyperproductive POL…

The post Polygon’s MATIC to POL Upgrade: Is a New Era of Blockchain Unfolding? appeared first on Coinpedia Fintech News Polygon has successfully upgraded its network token from MATIC to POL, effective September 4, 2024. This community-driven upgrade transitions POL as the native gas and staking token for Polygon’s proof-of-stake network. MATIC holders on Ethereum can easily migrate to POL using the Polygon Portal interface. The upgrade aligns with Polygon’s vision of becoming a unified blockchain network, and POL is…

MATIC suffers another string of losses as the broader market pullback forces the bulls to the defensive. According to CoinGecko, the Polygon Network native coin has bled 16% more since last week as the bears reverse gains made back in August. This move occurred despite Polygon Network’s upcoming upgrade that switches MATIC to POL, improving the platform’s tokenomics.  As the market moved 5% downward, investor confidence in MATIC has been shaken, possibly damaging the token’s performance in September. Short-term, investors…

On-chain data shows that some activity metrics related to Polygon have surged recently, which could be positive for the asset’s price. Polygon Active Addresses & Age Consumed Have Spiked Recently In a new post on X, the on-chain analytics firm Santiment discussed the latest trend in two MATIC indicators. The first is the “Daily Active Addresses,” which tracks the total number of addresses participating in some kind of transaction activity on the network every day. The unique number of active addresses can be…

The collapse of Mt. Gox in 2014, once the world's largest Bitcoin exchange, marked a pivotal moment in the history of cryptocurrency. Following a series of devastating hacks, the exchange lost nearly $58 billion worth of Bitcoin, sending shockwaves through the crypto market. Fast forward a decade, and Mt. Gox is finally beginning to repay its creditors, a move that has rekindled interest in the crypto world. Amidst this backdrop, a trader who accurately predicted the Mt. Gox disaster is…