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Polygon

<ul>
 <li>Polygon Labs launches POL upgrade on Ethereum mainnet.</li>
 <li>MATIC price rises by 30%, indicating strong bullish momentum and positive market sentiment.</li>
 <li>CoinCodex forecasts a 33.12% price increase for Polygon, making it an opportune time for investors to buy.</li>
</ul>
Polygon (MATIC) has achieved a significant <a href="https://polygon.technology/blog/polygon-2-0-milestone-pol-contracts-are-live-on-ethereum-mainnet?utm_source=twitter&amp;utm_medium=social&amp;utm_content=pol-mainnet-blog" rel="noopener noreferrer nofollow">milestone</a> by launching its <a href="https://cryptonewsland.com/polygons-long-awaited-pol-token-contracts-go-live-on-ethereum/" rel="noopener noreferrer nofollow">POL upgrade</a> on the Ethereum mainnet. This development has led to a remarkable 30% surge in MATIC prices, indicating strong bullish momentum and boosting investor confidence.
After months of development and weeks of testing on the Polygon sidechain, this move marks the beginning of a new era for the project. Polygon Labs believes this release sets the stage for a series of upcoming milestones in the Polygon 2.0 roadmap, underscoring their commitment to innovation and growth.
Analyzing the price charts, it’s evident that <a href="https://www.tradingview.com/x/yqzgGjTH/" rel="noopener noreferrer nofollow">MATIC</a> has rebounded impressively, erasing the losses incurred in October 2023. Bulls have not only managed to reverse the dip experienced on October 17 but have continued to drive the price higher.&nbsp;
On a daily chart, bull bars are visibly clustering along the upper Bollinger Bands, a key volatility indicator. This suggests that underlying momentum is building, favoring buyers with an optimistic outlook.
For investors considering entry into the Polygon ecosystem, now appears to be an opportune moment. According to <a href="https://coincodex.com/crypto/matic-network/price-prediction/" rel="noopener noreferrer nofollow">CoinCodex</a>‘s current Polygon price prediction, there is an expected 33.12% price increase in the near term, with a projected price of $0.835877 by October 31, 2023.&nbsp;
The technical indicators remain neutral, and the Fear &amp; Greed Index reflects a sentiment of greed with a score of 71. Over the last 30 days, Polygon has recorded a 50% success rate of green days, with a price volatility of 6.40%.
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/polygon-founder-explains-how-pol-will-bring-more-than-matic-could/" rel="noopener noreferrer nofollow">Polygon Founder Explains How POL Will Bring More Than MATIC Could</a></li>
 <li><a href="https://cryptonewsland.com/after-xrp-win-how-much-will-matic-surge-before-revamping-to-pol/" rel="noopener noreferrer nofollow">After XRP Win, How Much Will MATIC Surge Before Revamping to POL?</a></li>
 <li><a href="https://cryptonewsland.com/polygons-long-awaited-pol-token-contracts-go-live-on-ethereum/" rel="noopener noreferrer nofollow">Polygon’s Long-Awaited POL Token Contracts Go Live on Ethereum</a></li>
 <li><a href="https://cryptonewsland.com/polygon-unveils-details-about-pol-and-polygon-2-0-upgrade/" rel="noopener noreferrer nofollow">Polygon Unveils Details About POL and Polygon 2.0 Upgrade</a></li>
 <li><a href="https://cryptonewsland.com/polygons-game-changing-2-0-upgrade-sends-matic-price-soaring/" rel="noopener noreferrer nofollow">Polygon’s Game-Changing 2.0 Upgrade Sends MATIC Price Soaring!</a></li>
</ul>
The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/polygons-pol-upgrade-boosts-matic-price-whats-next/">Polygon’s POL Upgrade Boosts MATIC Price: What’s Next?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.

Polygon’s POL Upgrade Boosts MATIC Price: What’s Next?

Crypto News Land

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