New Update: Polygon replaces MATIC with POL

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. POL Token Migration
  2. POL Price Analysis
  3. Future Prospects


    4. A few days ago, the Polygon network completed its much-awaited migration, wherein POL replaced MATIC as the native gas and staking token.

    POL Token Migration

    The newly launched POL is expected to play a crucial role in AggLayer, and the community could decide to expand its utility in subsequent phases. While MATIC on the Polygon zkEVM will be automatically swapped to POL on a 1:1 basis, tokens on Ethereum and other chains require a manual migration.

    POL Price Analysis

    The POL price remained stuck under $0.4 until traders jumped in with a massive influx of buying volume. This led to a quick upswing after the volume soared above $70 million, halting the ongoing descending trend. Technical indicators suggest the possibility of reclaiming $0.5 if bulls can sustain a bullish close above $0.44.

    Future Prospects

    The price is attempting to set a parabolic curve, supported by ascending RSI and MACD nearing a parabolic crossover. The steep rise in volume implies high trader confidence, indicating that the POL price may maintain a steep upswing and rise above $0.57. However, the token might face a pullback before reaching the pivotal $0.6 zone. The upcoming quarter is expected to retain strong bullish momentum, potentially pushing POL above the $1 milestone, escaping the bearish influence.

    In conclusion, the migration to the new POL token and the current technical analysis point to positive future prospects for the token's price. Investors and traders will closely monitor further market developments.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Binance Expands into Traditional Finance as Mining Pool Closes

As Binance prepares to shut down its mining pool, the exchange is expanding into traditional finance by providing access to over 7,000 US stocks and ETFs for customers outside the United States.

user avatarMiguel Rodriguez

Binance Announces Closure of Mining Pool Services

Binance has announced the closure of its mining pool and related services effective November 10, 2026.

user avatarLuis Flores

AI Researchers Light Up Cigarettes to Signal Confidence in AI's Cancer Cure Potential

AI researchers are smoking cigarettes to signal their confidence in AI's potential to cure cancer.

user avatarArif Mukhtar

Sony's Plan to Discontinue Physical Game Discs Faces Major Backlash

Sony's announcement to stop producing physical game discs by 2028 has led to significant backlash from the gaming community.

user avatarMaria Gutierrez

Vibe Coders Successfully Port PS5 Games to PC with AnyPS5 Project

Vibe coders are making significant strides in porting PlayStation 5 applications to Windows and Linux through their open-source project, AnyPS5, which aims to convert PS5 game executables into programs that can run natively on PCs.

user avatarDavid Robinson

TRON DAO Reports Significant Growth in Q3 2026

TRON DAO highlights significant growth in transaction volume and network activity in its Q3 2026 ecosystem report.

user avatarAndrew Smith

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.