Polygon

Learn how to smoothly migrate your MATIC tokens to POL as part of Polygon 2.0. This step-by-step guide covers everything from updating wallet settings to ensuring security, with details on POL's launch on Bitrue on September 4, 2024.

How to Migrate MATIC to POL

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The MATIC to POL migration upgrades Polygon's network and unifies its token. Follow the steps to ensure a smooth transition and stay engaged in Polygon's future developments.

How to Migrate MATIC to POL: A Step-by-Step Guide

MATIC to POL Migration Polygon 2.0

MATIC to POL Migration: A Key Part of Polygon 2.0

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Polygon's MATIC is migrating to POL on September 4th, 2024, as part of the Polygon 2.0 upgrade. Learn what this means for MATIC holders, how to prepare, and the benefits of the new POL token.


Polygon MATIC Price Analysis and Upcoming Migration

<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bitrue.com/id/blog/tag/Polygon">Polygon</a> Labs has announced that it will replace MATIC, the native token of its Layer 2 network Polygon, with a new token, POL, on September 4. As the migration date approaches, MATIC is experiencing a downward trend, with its price showing signs of further decline.<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Key Takeaways:</h2><ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:Arial,sans-serif;font-size:11pt;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">Upcoming Token Swap: Polygon will replace MATIC with POL on September 4, contributing to the current downtrend.</li><li style="background-color:transparent;color:#000000;font-family:Arial,sans-serif;font-size:11pt;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">Decreased Large Holder Activity: Large holder netflow has dropped by 271% in the past month, indicating increased selling pressure.</li><li style="background-color:transparent;color:#000000;font-family:Arial,sans-serif;font-size:11pt;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">Potential Price Decline: MATIC could fall to $0.42 if the bearish trend continues, with a possible rebound to $0.63 if demand increases.</li></ul>Read More:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bitrue.com/how-to-buy/MATIC">How to Buy Polygon: Learn all about Buy MATIC</a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Polygon’s Current Market Performance</h2>MATIC is trading at $0.52, reflecting a nearly 10% drop in value over the last month. Major investors have been reducing their holdings, as evidenced by a 271% decline in large holder netflow according to IntoTheBlock. This metric measures the difference between the amount of MATIC bought and sold by large addresses, with a declining netflow signaling increased selling pressure.Currently, 93% of MATIC holders, or 604,000 addresses, are at a loss, meaning the market price is below their average purchase price. In contrast, only 5% of holders, about 33,000 addresses, are in profit.<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Price Prediction and Market Outlook</h2><span style="border-style:none;display:inline-block;font-style:normal;font-variant:normal;font-weight:400;height:320px;overflow:hidden;text-decoration:none;vertical-align:baseline;white-space:pre-wrap;width:624px;"><img style="margin-left:0px;margin-top:0px;" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe_j2Itpo77KfPGTw_99pDe4Y6jUlhl_RxknZKTNCc1Heum7yX-j-FIravTRcstSrbHRZPP_zXaiWn-S6iu60ETybzjOW_-1qsl7CqjTcnUQ1RrTHFzTBrpJAmdPMfpQnpX5HlMlSVguyHXkjJ_agm6gS85?key=M3GRNq2vCXJf4cTbz0wKqQ" width="624" height="320">Source:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.tradingview.com/">TradingView</a>The Directional Movement Index (DMI) setup for MATIC confirms a bearish bias, with the negative directional indicator (-DI) above the positive directional indicator (+DI). This indicates that the negative momentum outweighs the positive, suggesting further price declines.If the bearish trend continues, MATIC could drop to $0.42, a level last seen in July 2022. However, if there is a shift in market sentiment and demand for MATIC increases, the price could potentially rise to $0.63.Read More:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bitrue.com/blog/polygon-dapp-volume-hits-100m-impact-on-matic-price">Polygon dApp Volume Hits $100M: Impact on MATIC Price?</a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Conclusion</h2>With the upcoming migration to the POL token and current bearish indicators, MATIC’s price is likely to face further declines. The drop in large holder activity and widespread unrealized losses among investors contribute to the negative outlook. A rebound is possible if market conditions change, but for now, the focus remains on managing the current downtrend.<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">FAQs</h2><h3 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Why is Polygon (MATIC) price declining?</h3>The price is declining due to an upcoming migration to the POL token, reduced large holder activity, and widespread unrealized losses among investors.<h3 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">What is the significance of the token swap to POL?</h3>The token swap to POL, scheduled for September 4, is contributing to the current downtrend in MATIC’s price as investors adjust their holdings.<h3 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">What are the potential future price levels for MATIC?</h3>MATIC could drop to $0.42 if the bearish trend continues, but if market conditions improve, the price might rise to $0.63.

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Polygon (MATIC) is experiencing a downturn ahead of its migration to the new POL token. With a drop in large holder activity and many investors holding at a loss, the price may decline to $0.42. A price rebound to $0.63 is possible if market demand increases.


Polygon (MATIC) Price Analysis & Upcoming Migration

The TON Blockchain ecosystem gets a shot in the arm with TAC, a layer-2 network powered by Polygon. This unlocks EVM compatibility, paving the way for DeFi, gaming, and more on TON. Discover how TAC can attract Ethereum developers and benefit Telegram users.

TON Blockchain Gets Turbocharged: New Layer-2 Network Powered by Polygon

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The TON Blockchain ecosystem is receiving a significant upgrade with the introduction of TON Applications Chain (TAC), a layer-2 network powered by Polygon technology. This integration unlocks Ethereum Virtual Machine (EVM) compatibility, allowing developers to seamlessly migrate existing Ethereum applications to the TON network. The potential benefits are numerous, paving the way for the development of decentralized finance (DeFi), blockchain gaming, and decentralized identity solutions within TON. Moreover, TAC's EVM compatibility could attract Ethereum developers to build applications specifically for Telegram users. By addressing scalability limitations and potentially reducing transaction fees, TAC has the potential to significantly improve the user experience for Telegram users interacting with dApps built on the TON network. Overall, TAC signifies a major step forward for TON, fostering innovation and potentially shaping the future of the TON ecosystem.

TON Blockchain Gets a Boost: New Layer-2 Network Powered by Polygon Tech

Discover how Polymarket's success on Polygon, driven by its MATIC token, highlights the growth of dApps. Explore the impact on MATIC's price and the ecosystem's expansion.

Polygon dApp Volume Hits $100M: Impact on MATIC Price?

<h3 style="line-height:1.7999999999999998;margin-bottom:12pt;margin-left:40px;margin-top:12pt;text-align:justify;" dir="ltr">Key Takeaways:</h3><ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;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">Polymarket has emerged as a standout dApp on Polygon, achieving over $100 million in trading volume, highlighting its rapid growth and popularity within the ecosystem.</li><li style="background-color:transparent;color:#000000;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">The influx of high-profile dApps like Polymarket is attracting both users and developers to Polygon, enriching its ecosystem and potentially increasing demand for MATIC tokens.</li><li style="background-color:transparent;color:#000000;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">Despite current bearish market trends for MATIC, positive indicators like increased buying pressure suggest potential for a price reversal, influenced by ongoing dApp adoption and development on Polygon.</li></ul><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bitrue.com/user/register?cn=400103"><span style="-webkit-text-decoration-skip:none;border-style:none;display:inline-block;font-style:normal;font-variant:normal;font-weight:400;height:155px;overflow:hidden;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre-wrap;width:624px;"><img style="margin-left:0px;margin-top:0px;" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXf_aaiOF-0YF14x6ggK4PAmG09aZCSBIiCIbqHowzK4j3VeK8hJUdVo30qNnxTcUW5iesaWNGgkp9RBhiP85iic-4pDyxoSa0IzAzlQiUAbXp5Sc82B5wt9XSYYp0HWYAhpYEOfYhikVRDNn7YKQcBsKuD3?key=rgXk5cRYOyv76AM_w-Al3w" width="624" height="155"></a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Polymarket Leads the Charge in Polygon's dApp Ecosystem</h2>Polygon's ecosystem, powered by its MATIC token, has witnessed significant activity recently, largely fueled by the popularity of its decentralized applications (dApps).&nbsp;One standout success story is Polymarket, an events-based betting dApp, which has surpassed $100 million in trading volume. This surge in activity underscores the growing appeal of dApps on Polygon, attracting a broader user base to the network.&nbsp;<div class="raw-html-embed"><blockquote class="twitter-tweet">NEW:<a href="https://twitter.com/Polymarket?ref_src=twsrc%5Etfw">@Polymarket</a> has recorded $100M in monthly volume in June. <a href="https://t.co/vWJEIKOvhk">pic.twitter.com/vWJEIKOvhk</a>— Today In Polygon (@TodayInPolygon) <a href="https://twitter.com/TodayInPolygon/status/1807025975042994450?ref_src=twsrc%5Etfw">June 29, 2024</a></blockquote> <script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>As more high-profile dApps like Polymarket gain traction, they not only enhance user engagement but also draw more developers to build on Polygon.&nbsp;This influx of developers promises to diversify and enrich the platform with a wider array of applications, bolstering the overall Polygon ecosystem.The increased adoption and activity on Polygon have the potential to positively impact the price of MATIC, Polygon's native cryptocurrency.&nbsp;With more users interacting with dApps, there is a corresponding increase in demand for MATIC tokens to facilitate transactions and utilize network functionalities.&nbsp;As of the latest update, MATIC is trading at $0.5524, reflecting a minor decline of 1.08% over the past 24 hours.&nbsp;Since early June, MATIC has experienced a noticeable downtrend, marked by successive lower lows and lower highs, indicative of bearish sentiment in the market.<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">MATIC's Market Signals and On-Chain Data</h2>Technical indicators further corroborate this bearish trend. The Relative Strength Index (RSI) for MATIC has declined, signaling reduced bullish momentum, while trading volume has also decreased by 30% in the last month.&nbsp;<span style="border-style:none;display:inline-block;font-style:normal;font-variant:normal;font-weight:400;height:391px;overflow:hidden;text-decoration:none;vertical-align:baseline;white-space:pre-wrap;width:624px;"><img style="margin-left:0px;margin-top:0px;" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfSurRtrien2_VYioj6YzwUQmPCPw2faAIwCT3Ijx0LN8oQLzvS61GAj21o_Clc_4o4CAYuyIaPUgSfOJgaVRqaCZSOg1XVeS-ydVV1GFTUZatfmQgawnP7RTLC9QVzevepkhuHA7CaTwLy7Xk4uohqe5di?key=rgXk5cRYOyv76AM_w-Al3w" width="624" height="391">Source: AMBCrypto on TradingViewHowever, amidst these declines, the Chaikin Money Flow (CMF) has shown a notable increase, suggesting a recent surge in buying pressure. If this heightened buying activity persists, it could potentially signal a reversal in MATIC's price trajectory.Looking at on-chain metrics, recent data from Santiment indicates a material decline in Network Growth, suggesting waning interest from new addresses.&nbsp;<span style="border-style:none;display:inline-block;font-style:normal;font-variant:normal;font-weight:400;height:212px;overflow:hidden;text-decoration:none;vertical-align:baseline;white-space:pre-wrap;width:624px;"><img style="margin-left:0px;margin-top:0px;" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXerZaMQojruvX3fBwnko8JnpMNIQ6C_JT1kvRG3OZhgbmCIepKA_Ns2N5vIpTPvN9xPWbRS6hqKVkN20457Gbnl8j5dluA0o9FRCMjiz5tuESywmVnvbPVv_Baqt_9GbWiNFfaRry9PJOczYn46agK7U2n7?key=rgXk5cRYOyv76AM_w-Al3w" width="624" height="212">Source: SantimentThis trend, if sustained, could pose challenges for MATIC's price recovery prospects in the near term.<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Looking Ahead</h2>In conclusion, while MATIC faces current bearish pressures, the ongoing development and adoption of dApps on Polygon, exemplified by successes like Polymarket, provide a promising foundation for future growth.&nbsp;Investors and stakeholders will closely monitor technical indicators and on-chain metrics for signals of potential price movements in the coming days.<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">FAQs:</h2><ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;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">What is Polymarket and why is it significant on Polygon? Polymarket is a betting dApp on Polygon known for its events-based trading, surpassing $100 million in volume. Its success underscores the appeal and growth potential of dApps on the Polygon network.</li><li style="background-color:transparent;color:#000000;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">How does the growth of dApps on Polygon impact MATIC's price? Increased dApp activity on Polygon can lead to higher demand for MATIC tokens, needed for transactions and network use, potentially influencing MATIC's price positively despite current market conditions.</li><li style="background-color:transparent;color:#000000;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">What are the current market signals for MATIC? MATIC has seen a recent downtrend but shows signs of potential recovery, with indicators like the Chaikin Money Flow suggesting increased buying interest, which could signal a shift in its price trajectory.</li></ul>&nbsp;Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.

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Polymarket has emerged as a standout in Polygon's dApp ecosystem, surpassing $100 million in trading volume. This success underscores the growing popularity of dApps on Polygon, attracting both users and developers to the platform. The rise of such high-profile dApps not only enhances user engagement but also bolsters the demand for MATIC tokens, potentially influencing its price amidst current market trends.