Polygon (MATIC) has been a central point of discussion in the crypto market due to its numerous ventures and market movements. The
crypto coin is predicted to attain a price of
$2 in 2024, with predictions varying depending on different analyses. Interestingly, the
ambition of BlockDAG which amounts to
$600M, in line with a key
level of Toncoin, has influenced
Polygon's market standing. There has been a discussion whether Polygon will be able to reclaim its position from
Litecoin (LTC) or if the revenue-sharing Rollblock will emerge as a leading crypto contender. The plans for the
migration to POL Token from MATIC is scheduled for
September, while the coin now trades above $0.38 and continues to rise. The
Zero-Knowledge Cryptography firm Toposware has been purchased by Polygon while its new
ZK proving system, 'Plonky3', has been released as an
open-source toolkit. Importantly, Polygon has launched a
new grants program with 1 billion POL to be revealed over a decade. The
highly anticipated migration from MATIC to POL is expected in the near future.
MATIC has hit new highs in daily active addresses, suggesting potential growth. The attempt to bridge all of
Web3 to Ethereum has been given a boost by
MoveVM while the coin has recorded 4 billion transactions. Despite some hitches, Polygon maintains its relevance, securing its place within the crypto world.
Polygon Coin News Analytics from Fri, 15 Dec 2023 08:00:00 GMT to Tue, 13 Aug 2024 14:24:15 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 3
