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

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

The price of Polygon's token, MATIC, is experiencing a bullish or upward trend. Does this activity affect MATIC price? Let's discuss it in this article!


Polygon (MATIC) Price Rises, Due to This Activity?

<img src="https://static.bittime.com/cms-static/upload/Polygon_Matic_Price_Rises_Due_to_This_Activity_b5d5db5ebd.webp" alt="Polygon (Matic) Price Rises, Due to This Activity.webp" 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> -&nbsp;The price of Polygon's token, MATIC, is experiencing a bullish or upward trend. At the same time, there was activity sending large amounts of these coins to Binance. Does this activity affect MATIC price? Let's discuss it in this article!<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="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.7999999999999998;margin-bottom:12pt;margin-top:10pt;" dir="ltr">Transfer Millions of US Dollars Worth of MATIC Tokens to Binance</h2>Polygon (MATIC) tokens worth around 13.1 million USD (Rp. 201.6 billion) have been transferred to Binance. Blockchain analysis company Whale Alert detected the movement of 30 million MATIC from an unknown wallet to the crypto exchange.&nbsp;This large transfer comes as Polygon prepares to migrate from MATIC to the new POL coin.&nbsp;Also read:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/harga-matic-diprediksi-melambung-ini-analisisnya">Had Dropped But MATIC Prices Predicted to Soar!</a>Scheduled for September 4, 2024, the MATIC to POL migration marks an important step for the Polygon network. MATIC holders will be able to swap their tokens for POL at a 1:1 ratio, with POL becoming the new native token used for gas fees and staking on Polygon.&nbsp;This migration is the cornerstone of Polygon 2.0, a comprehensive upgrade announced in June 2023.Following the initial announcement, September 2023 saw Polygon Labs launch the first Polygon Improvement Proposals (PIP), officially setting the wheels in motion for Polygon 2.0.&nbsp;The development team successfully deployed a smart contract for the new POL token on the Ethereum mainnet in October.The next iteration of Polygon's native token, POL, will leverage new smart contract standards to facilitate efficient and adaptive operations within the Polygon ecosystem.&nbsp;Designed as a versatile utility token with a capped supply of 10 billion and a controlled annual emission rate of 1% for the next decade, POL aims to improve scalability and governance across multiple chains.Additionally, POL holders will contribute to securing the Polygon chain through a decentralized staking model that offers better rewards.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?content_id=market_analysis&amp;cn=400003"><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:1.7999999999999998;margin-bottom:12pt;margin-top:10pt;text-align:justify;" dir="ltr">MATIC Price Ready for Breakout?</h2>Despite the excitement surrounding the upcoming migration, MATIC has faced significant pricing challenges in recent months.&nbsp;The token has been trading in a narrow range of $0.38 to $0.42, with limited upside momentum. However, technical analysis from ZAYK Charts has highlighted a potentially bullish pattern—a falling wedge formation—developing since early 2024.Also read:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en/blog/apa-itu-polygon-matic">What is Polygon (MATIC)? Everything You Need to Know</a>Drop wedge pattern, which is usually indicative of a bullish reversal, suggests that MATIC may be approaching a critical point. The pattern has been honored with several touch points along the upper and lower trend lines.&nbsp;The latest price action shows MATIC bouncing off the lower boundary of the wedge, hinting at a potential breakout above the upper trendline.According to ZAYK Charts, a successful breakout of this formation could lead to a substantial increase in price, potentially reaching up to $0.85. This would represent an incredible increase of 93.46% from the current price level of around $0.44.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=market_analysis&amp;cn=400003"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a>If the anticipated breakout occurs, it could signal the end of MATIC's prolonged downtrend and the start of a new upward trajectory, bringing renewed optimism to investors and the broader crypto community.<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=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">&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=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.&nbsp;

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Polygon (Matic) Price Rises, Due to This Activity.webp

Polygon (MATIC) is one of the Layer 2 solutions, MATIC's price performance has recently experienced a significant decline. Check out the MATIC price prediction here!

Had Dropped But MATIC Price Predicted to Soar!

<img src="https://static.bittime.com/cms-static/upload/Had_Dropped_But_MATIC_Price_Predicted_to_Soar_a999f3a70c.png" alt="Had Dropped But MATIC Price Predicted to Soar!" width="1024" height="576"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/apa-itu-polygon-matic">Polygon</a> (MATIC) has become one of the Layer 2 solutions that has attracted the attention of many people. Known for its high transaction speed and built on the Ethereum network, MATIC offers a TPS (Transaction Per Second) of 65,000.&nbsp;However, despite its technological advantages, MATIC's price performance has recently experienced a significant decline. Check out the MATIC price prediction here!<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?content_id=market_analysis&amp;cn=400003"><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:1.7999999999999998;margin-bottom:10pt;margin-top:18pt;text-align:justify;" dir="ltr">MATIC Technology Advantages</h2>Polygon, built on Ethereum, has the ability to handle transactions much faster than Layer 1 Ethereum itself. Transaction speeds of up to 65,000 TPS are one of the main reasons why MATIC is a popular solution.&nbsp;In addition, the improvement of Ethereum through the Denkun upgrade also has a positive impact on Layer 2 networks, including MATIC, such as increasing block size and reducing transaction fees.&nbsp;Also read:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/apa-itu-deenar-gold-deen-stablecoin-">What is Deenar Gold (DEEN)? Sharia-Based Gold Stablecoin</a><h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:18pt;text-align:justify;" dir="ltr">MATIC Price Prediction: Significant Price Drop</h2>Even though it has superior technology, the price of MATIC has experienced a drastic decline of up to 75% from its peak last March.&nbsp;This decline did not only occur on MATIC, but also on other Layer 2 networks such as Arbitrum and Optimism. The decline has raised concerns among investors, but some analysts see it as an opportunity.<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="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:18pt;text-align:justify;" dir="ltr">Bullish Divergence and Recovery Potential</h2>Although the altcoin market, including MATIC, is in a downtrend, there are signs indicating a potential reversal.&nbsp;MATIC weekly chart analysis shows a bullish divergence, where the price forms a new low but the oscillator forms a higher low. This is a positive signal that could indicate potential future price increases, especially if Bitcoin starts to rally.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/trade/MATIC-IDR?content_id=market_analysis&amp;cn=400003"><img src="https://static.bittime.com/cms-static/upload/matic_price_47f667d96d.webp" alt="matic price.webp" width="1258" height="562"></a><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/trade/MATIC-IDR?content_id=market_analysis&amp;cn=400003">MATIC to IDR via Bittime Trade</a><h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:18pt;text-align:justify;" dir="ltr">Conclusion</h2>With the market currently at its lowest point, there is a great opportunity for investors to take risks with the potential for big rewards. While this is not financial advice, weak market conditions are often considered a good time to enter.&nbsp;Overall, MATIC as a Layer 2 solution still has great potential, even though it is currently experiencing challenges in terms of price. Further developments on the Ethereum network and broader market conditions will be key factors in determining the future direction of the MATIC price.<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=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">&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=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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Had Dropped But MATIC Price Predicted to Soar!.png

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;

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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

This article will discuss what Polygon (MATIC) is, complete with how it works, founders, and investment considerations in this coin.