Polygon (MATIC) Completes POL Migration, Setting Stage for Future Growth
Over the past few days, Polygon ( MATIC ) successfully completed its anticipated upgrade to the new token POL, which will serve as the native gas and staking token for the Polygon Proof-of-Stake (PoS) network. This transition, which went live on September 4, 2024, is a key component of Polygon’s larger 2.0 roadmap, aimed at improving scalability and security across the ecosystem. The POL token is expected to play a broader role in upcoming phases, potentially facilitating block generation and staking across multiple layer-2 chains within the Polygon network​( The Daily Hodl )​( Web3, Aggregated. ).
Technical Analysis and Market Sentiment
Polygon is currently trading around $0.53, showing a slight uptick following the upgrade. Technical indicators , however, suggest mixed sentiment. While Polygon recently faced bearish momentum with its RSI hovering below 50, there is potential for recovery. If the price can surpass the $0.55 resistance level, it could initiate a rally toward $0.60​( BeInCrypto ).
Read More: https://onthenode.com/cryptocurrency/polygon-matic-completes-pol-migration-setting-stage-for-future-growth
Over the past few days, Polygon ( MATIC ) successfully completed its anticipated upgrade to the new token POL, which will serve as the native gas and staking token for the Polygon Proof-of-Stake (PoS) network. This transition, which went live on September 4, 2024, is a key component of Polygon’s larger 2.0 roadmap, aimed at improving scalability and security across the ecosystem. The POL token is expected to play a broader role in upcoming phases, potentially facilitating block generation and staking across multiple layer-2 chains within the Polygon network​( The Daily Hodl )​( Web3, Aggregated. ).
Technical Analysis and Market Sentiment
Polygon is currently trading around $0.53, showing a slight uptick following the upgrade. Technical indicators , however, suggest mixed sentiment. While Polygon recently faced bearish momentum with its RSI hovering below 50, there is potential for recovery. If the price can surpass the $0.55 resistance level, it could initiate a rally toward $0.60​( BeInCrypto ).
Read More: https://onthenode.com/cryptocurrency/polygon-matic-completes-pol-migration-setting-stage-for-future-growth
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