Huge Surges: Polygon (MATIC) Soars After Dragon Fruit Upgrade, Everlodge (EL...
The cryptocurrency market is a dynamic landscape of innovation, achievements, and transformative projects. In recent developments, Polygon (MATIC) has been making waves after the Dragon Fruit upgrade, Uniswap (UNI) achieved a significant milestone, and Everlodge (ELDG) continues to impress investors with its performance. This article dives into the details of these exciting developments. Join the […]
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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....
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....
Ahead of Wednesday’s FOMC meeting, cryptocurrency markets were once again trading higher, with polygon (MATIC) being one of today’s biggest gainers. Despite the top 20 mainly trending upward, some in this list were mainly lower during the course of the session. Biggest Gainers Polygon (MATIC), which was one of the biggest gainers within the top 20, was up by as much as 12% in Wednesday’s session, hitting an intraday high of $1.72 in the process. The move saw MATIC/USD bounce from its support level of $1.49, and attempt to make a run for resistance at $1.77.....
According to CoinMarketCap, the Polygon (MATIC) value was increased by nearly 27% to $0.55 within 24 hours after Polygon’s news of being carbon neutral. However, the coin is still on an upward trend, and as of the time of writing, it was trading at $0.60. The price is still below what it was at the beginning of the month when it was trading at $0.66, but considering the market downturn, MATIC’s price gain is sending out a positive vibe. It ranks as the 18th largest cryptocurrency worldwide. Related Reading | Bitcoin May Have Hit Bottom According to These Indicators, BTC....
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....