Polygon Announces Date For MATIC To POL Token Upgrade, Price Drops 7%
On Thursday, the Polygon Foundation announced the date for its upcoming MATIC to POL upgrade after reaching a community consensus. The long-awaited token migration will occur in less than two months and aims to kickstart Polygon’s native token expansion. MATIC saw a 7% drop following the news. Related Reading: Memecoins Reign Continues: Most Popular Narrative In Q2 – CoinGecko Report Save The Date: Polygon Token Upgrade Coming Soon The Layer-2 scaling solution for Ethereum, Polygon, revealed the highly anticipated date for its native token upgrade. Set for September 4, the initial phase....
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MATIC supply is likely to become deflationary once fee burning commences according to estimates by the Polygon team. The Ethereum upgrade that introduced a partial network fee burning mechanism in August last year has launched on the layer-two scaling network Polygon. Ethereum’s EIP-1559 upgrade shipped with its London hard fork last summer and has been a success in terms of gas price predictability and network fee burning. The upgrade has now launched on the layer-two scaling network Polygon in an effort to improve “fee visibility”. It went live about an hour ago at block 23850000.The....
MATIC, the native token of the Polygon network, has had perhaps one of the most disappointing runs of the top cryptocurrencies in the last year. While most of the market rallied to new yearly highs, the MATIC price continued to struggle, leaving investors in massive losses. However, there may be light at the end of […]
Although the market downturn has somewhat slowed, the effects are still amplified within the altcoin market. MATIC, Polygon’s native token, has suffered greatly from the recent bearish market sentiment that spread within the past couple of days. Related Reading: FET: On-Chain Development Fuels 44% Surge In Just A Week According to CoinGecko, MATIC has fallen 18% since last week, marking a big slash on the token’s upward trajectory. Despite MATIC’s poor performance in the last couple of days, Polygon continues to innovate, cementing its position within the crypto community. Polygon....
Polygon was up by nearly 20% to start the week, as the token rallied to its highest level since May. Today’s surge comes as crypto markets were mostly in the green, with avalanche also hitting multi-week highs, and as of writing, is up by over 10% on the day.
Polygon (MATIC)
Polygon (MATIC) was one of the most notable gainers in crypto markets on Monday, as prices rose by nearly 20%.
Following a low of $0.7464 on Sunday, MATIC/USD raced to an intraday high of $0.9269 to start the week.
This is the highest level the token has traded at since May 9,....
Polygon raced to a three-week high during today’s session, as bullish sentiment returned to cryptocurrency markets. Chainlink was also in the green, as the token surged for a second straight day, rising by almost 10% in the process. Overall, the global crypto market cap is up 3.06% as of writing. Polygon (MATIC) Polygon (MATIC) was one of Tuesday’s big movers, as the token climbed to a three-week high following yesterday’s false breakout. MATIC/USD started the weekend trading at a low of $0.7548, which was marginally below its floor of $0.7690. However, as bullish....