Whales are amassing
MATIC in spite of persistently low prices and a number of
dismal market updates.
Polygon (previously known as MATIC) is set to start their highly anticipated
token swap from MATIC to
POL. This move is expected to add to their market cap and promises future potential amidst a bullish market sentiment. Brands such as
Coinbase and
Binance have announced their support for the rebranded Polygon token. The
Polygon portal for upgrade from MATIC to POL is now live and set to gain further traction. Despite a
dip in price and growing competition,
on-chain metrics from
Crypto Analytics Firm Santiment suggest potential for a positive price shift.
Migration to POL is expected to kick off from September 4, setting off a new era for the Layer-2 Ethereum token. This move is positioned to
enhance ecosystem growth and outperform Bitcoin and Ethereum in major metrics. Groundbreaking projections for Polygon's presence in the crypto-sphere continue to roll in, even as concerns loom over a relatively empty investor’s addresses.
Contradictory views on the future of the coin remain, from predictions of surges up to 600%, to uncertainty about its ability to replicate the 14000% rally seen in 2021. Migration to POL could potentially serve as a reversal catalyst to MATIC’s recent market downtrend. Polygon has however, shown signs of reemerging once again amidst a surge in on-chain activity and the impending MATIC to POL swap. Despite some fears regarding MATIC’s future, a shift is on the horizon - signalling the beginning of a new phase in Polygon’s ongoing evolution.
MATIC Coin News Analytics from Thu, 11 Feb 2021 22:25:05 GMT to Wed, 26 Mar 2025 15:59:05 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor -3
