Polygon (MATIC) hovers near key level ahead of Etrog upgrade
Polygon (MATIC) traded near $0.78 on Monday as the Ethereum scaling solution moved closer to its Etrog upgrade. MATIC could breakout to above $1 if bulls hold key level, or likely retest the important support zone at $0.5. Polygon (MATIC) price was trading near $0.78 on Monday as the Ethereum scaling solution moved closer to its Etrog mainnet upgrade . The altcoin, which rose to above $0.79 amid a 20% spike in trading volume, was among the few cryptocurrencies in the top 20 by market cap to hover flat as Bitcoin retreated below $43k to mirror US stock declines. MATIC outlook as Polygon eyes Etrog upgrade Last month, Polygon Foundation announced a 10-day countdown to the activation of the Etrog upgrade on mainnet. As noted in a blog post, the upgrade is for Polygon zkEVM and is set to bring support for pre-compiled smart contracts. The release is expected to transform the zkEVM closer to a Type 2 ZK-EVM, – that is, an EVM-equivalent ZK rollup. ...