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<ul> 
 <li>Polygon launches Polygon 2.0 with major blockchain upgrades.</li> 
 <li>MATIC’s price surged over 10% the last week and 1.1% over the past 24 hours.</li> 
 <li>Bearish signals appear with a red Binance Funding Rate and rising Exchange Reserve.</li> 
</ul> 
<p>Polygon (MATIC) has taken a significant leap forward with the launch of Polygon 2.0, a game-changing upgrade that promises to shape the future of the blockchain. This development, highly anticipated by the crypto community, is already profoundly impacting MATIC’s price, driving it into bullish territory.</p> 
<p>In a recent post on X, Polygon Labs announced that POL contracts are now live on the Goerli testnet, following extensive community consultations.&nbsp;</p> 
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   <p lang="en" dir="ltr">Today, as a result of community consultations, POL contracts will be live on Goerli testnet.<br><br>A major step towards bringing Polygon 2.0 to life.<br><br>Based on the community’s feedback during the PIP governance process, PIP-24: Change EIP-1559 Policy &amp; PIP-25: Adjust POL Total Supply,… <a href="https://t.co/li8OF0o3jC">pic.twitter.com/li8OF0o3jC</a></p>— Polygon Devs 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4cd.png" alt="📍" class="wp-smiley" style="height: 1em; max-height: 1em;"> DevX Global Tour (@0xPolygonDevs) <a href="https://twitter.com/0xPolygonDevs/status/1709534316320227772?ref_src=twsrc%5Etfw">October 4, 2023</a>
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<p>These contracts mark a pivotal step in revamping MATIC, enabling an ecosystem of zero knowledge-based Layer 2 chains while introducing features such as staking, community ownership, and governance.</p> 
<p>The governance process, known as the PIP (Polygon Improvement Proposal) process, has led to the release of PIP-24, which changes the EIP-1559 policy, and PIP-25, which adjusts POL’s total supply. These decisions were based on valuable community feedback, demonstrating Polygon’s commitment to its user base.</p> 
<p>MATIC responded positively to these developments. Its price witnessed a remarkable <a href="https://coinmarketcap.com/currencies/polygon/">surge</a> of over 10% in the past week, with a 1.1% increase in the last 24 hours. Currently trading at $0.5611, MATIC boasts a market capitalization exceeding $5.2 billion. The increased trading volume further supports the bullish sentiment surrounding MATIC.</p> 
<p>However, amidst the optimism, bearish signals have emerged. Polygon’s Binance Funding Rate turned red, indicating that derivatives investors were cautious about buying MATIC at its current price.&nbsp;</p> 
<p>Additionally, the rising <a href="https://cryptoquant.com/asset/matic/summary">Exchange Reserve</a> suggests increased selling pressure on the token. These elements introduce an element of unpredictability into MATIC’s prospective price fluctuations, notwithstanding its recent achievements.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
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 <li><a href="https://cryptonewsland.com/polygon-flashes-optimism-as-matic-gears-to-smash-1-5-resistance/">Polygon Flashes Optimism, Gears to Smash $1.5 Resistance</a></li>
 <li><a href="https://cryptonewsland.com/polygon-responds-to-sec-claims-matic-is-no-security/">Polygon Responds to SEC Claims: MATIC is No Security</a></li>
 <li><a href="https://cryptonewsland.com/polygon-steals-the-show-with-potential-surge-to-1-5/">Polygon Steals the Show With Potential Surge to $1.5</a></li>
 <li><a href="https://cryptonewsland.com/matic-may-see-recovery-ahead-of-polygon-zkevm-launch/">MATIC May See Recovery Ahead of Polygon zkEVM Launch</a></li>
 <li><a href="https://cryptonewsland.com/matic-polygon-price-prediction/">MATIC (Polygon) Price Prediction 2023 up to 2031: Will MATIC Reach $5 Soon?</a></li>
</ul> 
<p>The post <a rel="nofollow" href="https://cryptonewsland.com/polygons-game-changing-2-0-upgrade-sends-matic-price-soaring/">Polygon’s Game-Changing 2.0 Upgrade Sends MATIC Price Soaring!</a> appeared first on <a rel="nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Polygon’s Game-Changing 2.0 Upgrade Sends MATIC Price Soaring!

Crypto News Land

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