Ethereum ETF trading has stirred optimism in the crypto community, with expectations for ETH's price to hit
$10,000 by 2024 end. Meanwhile, potential is seen in Polygon (MATIC), Ondo Finance (ONDO), and CYBRO to reach $10 each. The much-anticipated transition of the Polygon network to a new token (POL) from its initial token (MATIC) is slated for September. A revolutionary zkVM feat is expected from Polygon, courtesy of its collaborator, AggLayer. Consequently, hopes are high for a price surge in Polygon in line with the U.S elections, possibly outplaying the BNB Chain and ETH ecosystems. Intriguingly, despite a new yearly high in active addresses, the MATIC price experiences a downturn. A $27M digital bond was recently issued on Polygon by an Italian bank, making a resounding statement of Polygon's relevance. A series of potential altcoins such as Notcoin (NOT) and Pawfury (PAW), alongside Polygon, have been tipped to hit $1 come May 2024. In another development, the number of transactions on Polygon has hit the 4-billion milestone due to increased usage. The Polygon (MATIC) token has struggled to maintain a competitive edge amidst the bull market. Memecoin PEPE managed to leapfrog Polygon's MATIC in crypto rankings due to a rally to a new record high. As MATIC tokens make the transition to POL in an upgrade, questions on whether Polygon can maintain its position in the face of competition persist. Despite this, the Polygon price sees a key resistance breakout with a sign of a 24% surge. As of the crypto market prognosis, BlockDAG's $100M plan potentially threatens the positions of Dogecoin & Polygon in 2024.
Polygon Coin News Analytics from Sat, 03 Feb 2024 08:00:00 GMT to Thu, 25 Jul 2024 13:48:30 GMT -
Rating 5
- Innovation 9
- Information 7
- Rumor 2
