Polygon, an Ethereum-based platform, is facing mixed fortunes. The network aims to tackle
DeFi fragmentation with the release of
Katana Network. In a new product launch, Polygon-backed high-yield blockchain targets institutional adoption. Though Polygon wallets remain popular, concerns arise as
Mihailo Bjelic, becomes the third founder to exit. Bullish outlooks predict a $2B surge, despite Polygon losing another co-founder. This fact sparks fears amongst investors, however, speculation about increased utility as MATIC upgrades to POL raises optimism. In a controversial twist, Aavegotchi ditches Polygon for
Coinbase’s Base blockchain.
Sandeep Nailwal, the only remaining member of Polygon's founding team, predicts a permanent shift in the crypto market cycle. In seemingly bullish news, Jio Platforms Ltd. partners with Polygon to bring
Web3 capabilities to its vast user base. Excitement over JioCoin, launched on the Polygon network, is tainted with backlash. Crypto whales are leaving
Polkadot and
Polygon for
Dogen, even with analysts predicting a leap from $0.0015 to $25 in few months. Despite huge predictions for certain Polygon-based meme coins, concerns are growing about the lack of innovation and whether Polygon can withstand the bear market.
Polygon Coin News Analytics from Thu, 22 Aug 2024 07:00:00 GMT to Wed, 28 May 2025 15:02:23 GMT -
Rating -1
- Innovation -2
- Information 4
- Rumor -5
