MoonBag topped Meme Coin Presale in 2024 while
Binance and
Polygon saw a downturn.
Polygon’s (MATIC) value struggled below $0.60, with potential to hit a low of $0.50 in July. However, some experts predict potential comeback and that MATIC will scale to $2 by 2024 or 2025. Amidst predictions of MATIC plunging,
ZKsync developer's new ‘Elastic Chain’ may rival Polygon's AggLayer. Furthermore, Polygon was oversold as price reached $0.52 while other tokens, like
Dogecoin and Maker, saw liquidations. Despite the downturn,
Polygon's cryptocurrency value rose by more than 3% in 24 hours.
Polygon made significant moves, such as creating a new grants program with 1B POL unlocked over 10 years, and acquiring zero-knowledge cryptography firm Toposware. They faced challenges with the
Dencun upgrade, as Polygon price fell 22%, but the
launch of $720M Community Treasury for blockchain grants countered this. Critics say Polygon's price is set for a 35% rally after the
Ethereum Dencun upgrade. Also, the Cosmos-based Canto Blockchain reversed course on Polygon Layer-2 plans. Polygon announced the launch of Miden Alpha Testnet and integrated with the Ronin Network for zkEVM L2 gaming. The Polygon MATIC run was explosive, hitting the 12-month high in a Bitcoin-led rally.
Polygon releases 'Type 1 Prover', claimed as a milestone set by Ethereum's Vitalik Buterin. With the Polygon MATIC reclaiming $1, Polygon's ecosystem token price prediction 2024 is optimistic. Sony Bank trials stablecoins on Polygon blockchain and
Polygon Labs plans 'Aggregation Layer' in response to popularity of modular blockchains.
Polygon Coin News Analytics from Mon, 04 Dec 2023 08:00:00 GMT to Thu, 27 Jun 2024 01:19:12 GMT -
Rating -7
- Innovation 6
- Information 5
- Rumor -3
