Polygon Experiences Prolonged Decline!

Polygon introduces its new native asset, POL. Understand well about Polygon migrating MATIC tokens to POL in full in this article.

Polygon Migrate MATIC Token to POL, A New Era Begins

Polygon Migrasikan Token MATIC ke POL - Bittime

thumbnail_Polygon Migrasikan Token MATIC ke POL - Bittime (2).webp

Polygon Migrasikan Token MATIC ke POL - Bittime (2).webp

The latest POL price prediction shows potential fluctuations after migration from MATIC. With the support of fractal and wave analysis, the POL token price is expected to reach its highest point in 2025. Find out more about the POL token price, POL price prediction, and the future potential of this asset.


Latest POL Price Prediction Post Migration from MATIC

<img src="https://static.bittime.com/cms-static/upload/Latest_POL_Price_Prediction_Post_Migration_from_MATIC_57b21b67cf.png" alt="Latest POL Price Prediction Post Migration from MATIC.png" width="2048" height="1152"><meta charset="utf-8"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> - The latest POL price prediction shows potential fluctuations after migration from MATIC. With the support of fractal and wave analysis, the POL token price is expected to reach its highest point in 2025. Find out more about the POL token price, POL price prediction, and the future potential of this asset.Migration from MATIC token to token POL which occurred in early September 2024 became a highlight in the world of cryptocurrency. Polygon introduces POL price as part of the evolution of its ecosystem, which aims to replace MATIC. With the support of various analyses, many parties hope that this token will be able to present promising investment opportunities.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?content_id=market_analysis&amp;cn=400003"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="staking koin di bittime" width="2985" height="620"></a><h2 style="text-align:justify;">POL Price Prediction for 2024</h2>According to the latest predictions, POL price it is estimated that it will reach IDR 0.80 to IDR 0.95 by the end of 2024. This price movement is supported by fractal analysis and the wave counting method which is used to estimate market fluctuations.&nbsp;<img src="https://static.bittime.com/cms-static/upload/Polygon_blockchain_1_85b056bb06.jpg" alt="Polygon-blockchain-1.jpg" width="1200" height="720">In particular, fractal analysis projects a potential increase of up to 155% within six months after migration. This prediction attracts the interest of investors who hope that the POL token can reach its highest level in early 2025.Nonetheless, market volatility remains a factor to pay attention to. Analysts warn that the token may decline towards IDR 0.40 in 2025, especially after the expected price peak.Also read:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/prediksi-harga-ton-2024-2025-2030">TON Coin Price Prediction 2024, 2025, 2030</a><h2 style="text-align:justify;">POL Token and Market Capitalization Impact</h2>At the moment, token POL ranks 33rd on the list of largest cryptocurrencies by market capitalization. With a market capitalization of $2 billion as of early July 2024, POL is attracting attention as an asset with growth potential. However, it is important to remember that price predictions are not always accurate, especially in the highly volatile world of cryptocurrency.The large market capitalization indicates significant interest from investors, but the token price is also highly dependent on broader market movements, as well as the adoption and use of the POL token within the Polygon ecosystem.<a target="_blank" rel="noopener noreferrer" href="https://The Future of POL Prices"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="text-align:justify;">The Future of POL Prices</h2>One of the influencing factors POL price predictions is the speed of technology adoption that supports the Polygon ecosystem, including partnerships with large platforms such as Binance. As part of its long-term development strategy, Polygon is also introducing new features in its POL token which it hopes will increase market demand.With a potential maximum price of IDR 10,120 in 2030, experts believe that POL has a bright future if it is able to maintain momentum and increase market capitalization in a sustainable manner. However, volatility remains a challenge for investors who must consider the risks involved.With in-depth analysis, the POL token has significant growth potential. However, as with other crypto assets, investors need to be careful in following price developments and monitor market changes closely.<h2 style="text-align:justify;">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=market_analysis&amp;cn=400003"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy/?content_id=market_analysis&amp;cn=400003">Complete Guide How to Buy Crypto on Bittime</a>.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=market_analysis&amp;cn=400003"> of&nbsp;Bitcoin (BTC) price</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=market_analysis&amp;cn=400003">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=market_analysis&amp;cn=400003"> Solana (SOL),</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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Latest POL Price Prediction Post Migration from MATIC.png

Polygon Labs CEO Marc Boiron reveals Polygon's plans and the important role its aggregation layer (AggLayer) will play in unifying the Web3 ecosystem. Check out the complete news!

Polygon AggLayer: Bridging the Gap Between Layer 1 Networks

<img src="https://static.bittime.com/cms-static/upload/Polygon_Agg_Layer_Bridging_the_Gap_Between_Layer_1_Networks_4446ebbcaa.png" alt="Polygon AggLayer Bridging the Gap Between Layer 1 Networks" width="1024" height="576"><meta charset="utf-8"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?content_id=news&amp;cn=400001">Bittime</a>&nbsp;- Polygon Labs CEO Marc Boiron has revealed ambitious plans for Polygon's future, highlighting the important role its aggregation layer (AggLayer) will play in unifying the Web3 ecosystem.Check out the complete news in this article!<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:12pt;text-align:justify;" dir="ltr">Connecting the Dots Layer 1</h2>AggLayer is designed to serve as a bridge between various Layer 1 networks, including Ethereum and Solana. This innovative solution aims to create a more connected and cohesive Web3 landscape, where developers and users can interact seamlessly across multiple blockchains.<h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:12pt;text-align:justify;" dir="ltr">Polygon 2.0: A Unification Vision</h2>Boiron emphasized that Polygon 2.0 will be the culmination of several major advances. Thematic improvements, focused on specific areas of the network, will be combined with the unlimited scalability offered by Polygon CDK.&nbsp;Additionally, the unifying power of AggLayer will play a critical role in realizing Polygon's vision.<h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:12pt;text-align:justify;" dir="ltr">Benefits of AggLayer</h2>AggLayer integration offers many advantages for developers and users:<ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#1f1f1f;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Enhanced Interoperability: AggLayer breaks down the silos between various Layer 1 networks, allowing developers to build applications that leverage the power of each chain.</li><li style="background-color:transparent;color:#1f1f1f;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Smooth User Experience: Users can interact with various dApps and protocols on various networks without the need for complex bridging mechanisms.</li><li style="background-color:transparent;color:#1f1f1f;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Enhanced Efficiency: By streamlining communication and data transfer between chains, AggLayer can improve the overall efficiency and performance of Web3 applications.</li></ul><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:12pt;text-align:justify;" dir="ltr">The Future of the Web3</h2>Polygon's commitment to building a unified Web3 ecosystem through AggLayer is a significant step forward. As the industry continues to evolve, interoperability will become increasingly important for widespread adoption of decentralized technologies.&nbsp;Polygon's vision aligns with the growing demand for a more connected and cohesive Web3 landscape.<h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:12pt;text-align:justify;" dir="ltr">Conclusion</h2>AggLayer Polygon represents a promising solution to bridge the gap between various Layer 1 networks.&nbsp;By enabling seamless communication and interaction between chains, AggLayer has the potential to revolutionize the way developers and users engage with Web3 applications. As Polygon continues to execute on its ambitious roadmap, the future of Web3 looks increasingly connected and promising.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a><meta charset="utf-8">You can buy and sell crypto assets in an easy and safe way via&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a>. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a>, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Learn<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy"> How to Buy Crypto on Bittime</a>.Monitor price chart movements of&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC">Bitcoin (BTC)</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL"> Solana (SOL)</a> and other cryptos to find out today's crypto market trends in real-time on Bittime.

Polygon AggLayer Bridging the Gap Between Layer 1 Networks

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Polygon AggLayer Bridging the Gap Between Layer 1 Networks.png

Polygon has announced plans to transition from its native MATIC token to a new token called Polygon Ecosystem Token (POL). To understand the details of Polygon's transition from MATIC to POL, read this article till the end.

Polygon Announces Transition from MATIC to POL

Polygon Umumkan Transisi dari MATIC ke POL - Bittime

thumbnail_Polygon Umumkan Transisi dari MATIC ke POL - Bittime (1).webp

Polygon Umumkan Transisi dari MATIC ke POL - Bittime (1).webp

CISO Polygon revealed that 90% of BD teams from Layer 1 and Layer 2 often request airdrop shares.

Airdrop Controversy Among Layer 1 and Layer 2 BD Teams

<img src="https://static.bittime.com/cms-static/upload/Airdrop_Phenomenon_ec75e683db.webp" alt="Airdrop Phenomenon" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com?content_id=news&amp;cn=400001">Bittime</a> -&nbsp;Polygon's Chief Information Security Officer (CISO), Mudit Gupta, revealed that 90% of the Business Development (BD) team from Layer 1 and Layer 2 directly requested a share or airdrop from the Polygon ecosystem project.&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Airdrop in the Blockchain Industry</h2>Usually, airdrops are done to increase adoption, attract community attention, or as a form of appreciation for early adopters. However, when an airdrop is given to a BD team from a Layer 1 or Layer 2 project, this can cause controversy.Gupta stated that although many people were shocked about the news of Eigen Labs employees requesting airdrops from ecosystem sub-projects, the reality was that most BD teams at Layer 1 and Layer 2 requested shares or airdrops.&nbsp;&nbsp;Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en/blog/polygon-akan-migrasi-token-matic-ke-pol">Polygon will Migrate MATIC Tokens to POL on September 4, 2024</a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">EigenLayer Controversy and Airdrop Practices</h2>This controversy first emerged when re-staking protocol EigenLayer came into the spotlight due to its employees receiving large amounts of tokens from an ecosystem project airdrop.&nbsp;The total value of the tokens is nearly $5 million. This incident sparked a strong reaction from the community, who felt that the practice was unethical and undermined trust in the industry.Gupta said that BD teams from crypto projects often ask for tokens in exchange for their consulting or support services. This practice is considered commonplace by many in the industry, although ethically it is debated.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="Banner Blog.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Crypto Airdrop Practices</h2>To provide further evidence of his statement, Gupta suggested that if any journalists want to investigate this issue, they just need to start a fake DEX and contact the various BD teams of Layer 1 and Layer 2 projects. According to Gupta, the journalists will soon find out that the request for shares or airdrops are common things.Gupta's statement sparked discussion among the crypto community about transparency and morality in the crypto industry.&nbsp;Many argue that this practice is a form of corruption and is not in accordance with the principles of decentralization that are the basis of blockchain technology.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/Polygon-Experiences-Prolonged-Decline">Polygon Experiences Prolonged Decline!</a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=news&amp;cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=news&amp;cn=400001"> Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=news&amp;cn=400001"> Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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Airdrop Phenomenon.webp

Polygon: Airdrop Phenomenon Among Layer 1 and Layer 2 BD Teams

Polygonscan is one of the most important tools in the Polygon ecosystem as it helps users and developers monitor Polygon network activity of this ecosystem.

What is Polygonscan

<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> - Polygonscan is one of the most important tools in the Polygon ecosystem as it helps users and developers monitor Polygon network activity while tracking various important aspects of this ecosystem. In this article, we will explore more deeply what Polygonscan is, the various important features it offers, and how it is different from Etherscan. Let's take a look!<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:4pt;margin-top:0pt;text-align:justify;" dir="ltr">What is Polygonscan?</h2>Polygonscan is a blockchain explorer specifically designed to provide complete visibility of all activities occurring on the Polygon network.In other words, Polygonscan functions as a digital “map” that allows users to track and examine transactions, addresses, smart contracts, and various other details within the Polygon ecosystem. Like Etherscan for the Ethereum network, Polygonscan is an invaluable source of information for anyone involved in the Polygon ecosystem, including users, developers, and investors.<h2 style="line-height:1.38;margin-bottom:4pt;margin-top:0pt;text-align:justify;" dir="ltr">Features Offered</h2>Polygonscan allows users to examine in detail the transactions taking place on the network, view their account balances, observe smart contract activity, and even analyze statistical data related to various tokens on the network.Additionally, Polygonscan also provides information about the gas fees required for each transaction, so users can make better decisions about when and how to interact with the Polygon network.<h3 style="line-height:1.38;margin-bottom:4pt;margin-top:0pt;text-align:justify;" dir="ltr">Polygonscan Testnet: Test Before Launch</h3><img src="https://static.bittime.com/cms-static/upload/Polygonscan_Testnet_44a71ff085.webp" alt="Polygonscan Testnet..webp" width="1099" height="549"><meta charset="utf-8">Before using it on the Polygon mainnet, developers often use the Polygonscan test network to test their smart contracts. This is the ideal place to ensure that all smart contract functions run smoothly before being moved to the main network. Polygonscan Testnet enables efficient and secure testing.<h3 style="line-height:1.38;margin-bottom:4pt;margin-top:0pt;text-align:justify;" dir="ltr">Polygonscan Gas Tracker: Track Transaction Fees</h3><img src="https://static.bittime.com/cms-static/upload/Polygonscan_Gas_Tracker_c4ca2fe71a.webp" alt="Polygonscan Gas Tracker.webp" width="1043" height="404"><meta charset="utf-8">When interacting with the Polygon blockchain, it is important to understand the gas fees associated with each transaction. Polygonscan Gas Tracker is a tool that allows you to monitor gas costs when sending or receiving coins on the Polygon network. With this information, you can make smarter decisions about when and how to trade.<h3 style="line-height:1.38;margin-bottom:4pt;margin-top:0pt;text-align:justify;" dir="ltr">Polygonscan Wallet: Track User Wallet Activity</h3><img src="https://static.bittime.com/cms-static/upload/Detail_Transaksi_Polygon_b80a5bceab.webp" alt="Detail Transaksi Polygon..webp" width="1029" height="567"><h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=edu&amp;cn=400002"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a>You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy/?content_id=edu&amp;cn=400002">Complete Guide How to Buy Crypto on Bittime</a>.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=edu&amp;cn=400002">&nbsp;of Bitcoin (BTC) price</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=edu&amp;cn=400002">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=edu&amp;cn=400002"> Solana (SOL),</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.&nbsp;

thumbnail_Polygonscan.webp

Polygonscan.webp

Polygonscan is one of the most important tools in the Polygon ecosystem as it helps users and developers monitor Polygon network activity while tracking various important aspects of this ecosystem.

What is Polygonscan? Features and Guide on How to Use Them

Polygon will undergo a MATIC to POL token migration on September 4, 2024. Read this article to find out more!

Polygon will Migrate MATIC Tokens to POL

<img src="https://static.bittime.com/cms-static/upload/Polygon_will_Migrate_MATIC_Tokens_to_POL_62a7110972.webp" alt="Polygon will Migrate MATIC Tokens to POL" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;The Polygon Foundation announced that the Polygon mainnet will undergo a major upgrade on September 4, 2024. After approval from the community, POL will replace MATIC as the native, gas, and staking token on Polygon PoS.&nbsp;&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Main Token: Migration MATIC to POL&nbsp;&nbsp;</h2>This migration will start with POL replacing MATIC as the gas and staking token on Polygon PoS. This means all transactions and staking activity on the Polygon network will use POL as the primary token.&nbsp;This token migration aims to increase network efficiency and security, as well as provide additional benefits to users and developers.&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?=cn400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Role of Tokens POL in AggLayer</h2>In the next stage, POL will play a key role in AggLayer, a critical component in Polygon's new architecture. AggLayer is designed to improve network scalability and interoperability, allowing Polygon to handle more transactions with lower fees and higher speeds. Thus, POL will not only function as a gas and staking token, but also as an integral element in the broader ecosystem.&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="Banner Blog.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Reasons for Token Migration</h2>The migration from MATIC to POL was driven by the need to adapt to technological developments and market demands. Polygon has grown rapidly since its launch, and with this growth comes new challenges that require more sophisticated solutions.&nbsp;In this way, the POL token is expected to overcome some of MATIC's existing limitations and provide additional features that better suit the network's future needs.<h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Token Migration Process</h2>Polygon Foundation has ensured that the migration process will be carried out in the smoothest manner and with minimal disruption for users. All MATIC holders will get POL proportionally, and they will be provided with a step-by-step guide on how to carry out this conversion.&nbsp;In addition, the Polygon team has also prepared a series of technical support to ensure that all questions and problems that may arise during the migration process can be handled quickly.<h2 style="line-height:1.38;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">&nbsp;Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001">&nbsp;Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

thumbnail_Polygon will Migrate MATIC Tokens to POL.webp

Polygon will Migrate MATIC Tokens to POL.webp

Polygon will Migrate MATIC Tokens to POL on September 4, 2024

Polygon (MATIC) has experienced high volatility since early 2024, with prices currently ranging between $0.75 and $0.62. MATIC experienced a significant decline below $1, and the RSI and OBV indicators provide different perspectives on possible future price movements.

thumbnail_Polygon Experiences Prolonged Decline!

 - Polygon (MATIC) has experienced high volatility since early 2024, with prices currently ranging between $0.75 and $0.62. MATIC experienced a significant decline below $1, and the RSI and OBV indicators provide different perspectives on possible future price movements.

MATIC found support at the $1 level in early March 2024 after an important price movement in February 2024. It represents a historical market peak. However, the bulls were unable to maintain this support level when Bitcoin's value declined. The situation got worse as MATIC price fell below its January low of $0.69, falling to $0.6 with little resistance.

MATIC is currently trading between $0.75 and $0.62, with the midpoint at $0.685. The support level is maintained for about a month, and the results of a retest may cause the price to rise. However, MATIC's daily RSI value is still below 50, it shows that there is no significant progress. An increase in On-Balance Volume (OBV) from recent lows could indicate readiness for a MATIC breakout.

MATIC resistance is currently $0.75. The first liquidity pool, where short positions can be purchased, is at $0.762, and the other liquidity pool is at $0.8. Investors should be careful and consider the resistance zone between $0.75 and $0.8 when making decisions.

Currently, Polygon (MATIC) is facing major problems in overcoming downward pressure. To make the right decisions in this volatile market, investors must remain vigilant and pay attention to important support and resistance levels, as well as key indicators such as RSI and OBV.

Polygon (MATIC) has experienced high volatility since early 2024, with its price currently trading between $0.75 and $0.62. The price failed to maintain support around $1 as Bitcoin's value fell, resulting in MATIC dropping to $0.6. The daily RSI value remains below 50, which indicates little progress even though the OBV may increase. Key resistance levels range between $0.75 and $0.8. Investors should be alert to downward pressure and pay attention to important indicators and support and resistance levels.

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

, Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.