Polygon (MATIC) witnessed a bullish yr following a 70% surge. Despite this, the asset stays 85% beneath its peak of $0.00008845. MATIC surged to a excessive of $0.00003592 earlier this yr. The asset was buying and selling at $0.00001312 at press time, with a 3.65% rise over the previous 24 hours.
Polygon’s Bullish Year, Technical Upgrades, And Future Predictions
Polygon’s Major Technical Upgrade
This dip comes amidst a serious technical improve within the Polygon community. As of September 4, the token was upgraded on a 1:1 ratio to its new Polygon Ecosystem Token (POL). This will function the community’s native fuel and staking token.
In addition, the token may have a brand new 2% yearly emission charge. A portion of that quantity will go to the group treasury, and a portion will likely be awarded as an incentive to validators on Polygon PoS. The community mentioned,
“POL replaces MATIC as the native gas and staking token for the Polygon PoS network. In subsequent phases, POL will serve a crucial role in the AggLayer (part of the Polygon roadmap).”
It needs to be famous that there isn’t a strict deadline for MATIC holders to improve their tokens. Without any additional motion, all staked MATIC will instantly convert to POL.
Future Price Predictions For Polygon’s MATIC
According to information from Changelly, the worth of MATIC might surge to a excessive of $0.4751 in September 2024. While that is near the $0.5 mark, the asset nonetheless has some work. That would possibly, however, fall to $0.4001.
The predicted Polygon common for September 2024 is near $0.4751. This vary is greater than the asset’s present value, so MATIC will witness a bullish September.
