Polygon

<ul><li>While MATIC enjoys short-term gains, the bigger picture hints at caution.</li><li>Amidst Polygon&#39;s MATIC bullish trend, underlying challenges persist.</li><li>Polygon&#39;s CDK facilitates Canto&#39;s shift to Ethereum&#39;s ZK L2.</li></ul>Polygon&#39;s native cryptocurrency,<a href="https://cryptotale.org/?s&#61;MATIC" rel="noopener noreferrer nofollow"> MATIC</a>, has been making headlines recently as it embarks on a rollercoaster ride in the volatile crypto market. While the coin has witnessed a slow climb in its price over the past week, there are some cautionary signs that investors should be mindful of.August wasn&#39;t particularly kind to MATIC, as it experienced a decline in total value locked (TVL) and daily transactions, as shown in the chart below. However, things took a turn on September 14, when Polygon <a href="https://polygon.technology/blog/polygon-2-0-implementation-officially-begins-the-first-set-of-pips-polygon-improvement-proposals-released" rel="noopener noreferrer nofollow">announced</a> the implementation of Polygon 2.0, accompanied by the release of three Polygon Improvement Proposals. This news injected optimism into the market, leading to a slow but steady increase in MATIC&#39;s price.Despite the recent uptick, it&#39;s essential to maintain a broader perspective. The higher timeframe trend for MATIC remains firmly bearish. However, there is a glimmer of hope for short-term gains. The Relative Strength Index (RSI) indicates that the bulls could drive prices higher, with the RSI moving towards the neutral 50 mark.Read full article at <a href="https://cryptotale.org/matic-on-short-term-gains-but-is-it-sustainable-for-the-long-run/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Matic on Short-Term Gains, but Is It Sustainable for the Long Run?

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