Polygon (MATIC) has been making significant strides in the crypto landscape with a variety of key developments shaping its future. One aspect observed is the potential for a significant surge in price, following factors such as increase in daily active addresses, and the long-anticipated migration to
POL token being set for September. Notably,
Polygon's partnership with HaustNetwork, Gateway.eth and the joining of
Movement Labs aims at boosting the
AggLayer system, a development seen with a positive light as it could potentially attract more users.
Polygon also reported a growth of 47.6% in Q2 in daily active addresses showing a strong user base.Furthermore,
Polygon's ZK proving system 'Plonky3' is aimed at pushing the envelope in terms of the technology being used. There were numerous price predictions made, some bullish, anticipating prices to hit around $2 - $3 by 2024-2025. However, concern around the selling of a large amount of
MATIC tokens potentially risks a plunge in price. Questions arose around
Polygon's renewed identity crisis between the
MATIC and
POL tokens, leading to varied opinions among investors. It's also important to note that
Polygon offered a new grants program with 1B
POL unlocked over 10 years. In a broader macro perspective,
Polygon was compared with other cryptos such as Cardano (ADA) and Ethereum, with price forecasts and predictions becoming a frequent topic. Many analysts believe
Polygon still holds potential for growth.
Polygon Coin News Analytics from Fri, 15 Dec 2023 08:00:00 GMT to Sat, 03 Aug 2024 07:04:56 GMT -
Rating 2
- Innovation 8
- Information 7
- Rumor -1
