Polygon's native digital asset, previously known as
MATIC coin, has been listed on Binance causing price surge by 15%. This is followed by Coinbase's addressal of transaction delays, an upgrade of MATIC to POL, boosting its token utility, and announcing a token swap facilitating more issuance. A shift in whales' digital assets to a cold wallet suggests a promising rally. Polygon's attempted to reclaim its position in the top 20 crypto spot in a parabolic run. However, MATIC coin struggles with previous crypto rally lag and volatile market conditions. The initiation of the much-awaited migration from
MATIC to POL provides mixed signals for investors. Yet, it's believed that significant altcoin rallies, particularly for INJ, RNDR, and MATIC, will follow the cold wallet shift.
Polygon's continual announcements on MATIC's transition to
POL, the price increases in whale activity, and MATIC's potential to break the $0.5 barrier even amid bearish pressure, suggest a possible positive change in tide. But there's an anticipation of an uphill battle for Polygon towards $1. Nonetheless, Polygon (MATIC) shows signs of recovery after hitting yearly lows, and its migration to POL attracts even more support from Binance and Coinbase.
MATIC Coin News Analytics from Wed, 21 Feb 2024 08:00:00 GMT to Wed, 18 Sep 2024 00:32:14 GMT -
Rating 3
- Innovation 5
- Information 7
- Rumor 6
