Polygon, also known as
MATIC, is going through significant changes, with a shift from the MATIC token to the newly upgraded POL token. This has been done to expand issuance capabilities, marking a major change in operation. However,
Polygon price has suffered, failing to break the $0.42 barrier even as the blockchain transitions to POL token. Despite these hurdles, the cryptocurrency recovered and has regained its spot in the top 20 cryptos in a powerful run.
Polygon has faced tough competition from altcoins like Near Protocol and Rollblock, leading many to debate on which will become a top 10 crypto. Despite these challenges,
Polygon has initiated a significant
token swap and is driving industry innovation alongside protocols like Crudo.
The token swap has attracted support from major cryptocurrency exchange
Coinbase, which has also added support for the highly-anticipated Polygon re-brand token. It was speculated whether Bitcoin or Polygon will achieve top market gains in the final quarter. However, Matic to Pol migration has been completed, and support has resumed on Coinbase.
Polygon is also experiencing significant whale activity, with one whale holding
Polygon from $0.0029 to $2.94 during the last bull cycle. Despite this, MATIC price crash led to a 70% decrease in value within five months.
Polygon Coin News Analytics from Wed, 21 Feb 2024 08:00:00 GMT to Wed, 16 Oct 2024 04:00:59 GMT -
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