Can Polygon (MATIC) Reach $0.5 In September 2024?
Polygon (MATIC) witnessed a bullish year following a 70% surge. Despite this, the asset remains 85% below its peak of $0.00008845. MATIC surged to a high of $0.00003592 earlier this year. The asset was trading at $0.00001312 at press time, with a 3.65% rise over the past 24 hours. Also Read: Historical Data: Global Market Takes A Hit In Sept, Surges In October Polygon’s Bullish Year, Technical Upgrades, And Future Predictions Source Polygon’s Major Technical Upgrade This dip comes amidst a major technical upgrade in the Polygon network. As of September 4, the token was upgraded on a 1:1 ratio to its new Polygon Ecosystem Token (POL). This will serve as the network’s native gas and staking token. In addition, the token will have a new 2% yearly emission rate. A portion of that amount will go to the community treasury, and a portion will be awarded as an incentive to validators on Polygon PoS. The network said, “POL replaces MATIC as the native gas and staking token for the Polygon ...