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<p>The post <a href="https://coinpedia.org/price-analysis/polygon-matic-price-poised-for-6x-rally-in-coming-months/">Polygon (MATIC) Price Poised For 6x Rally in Coming Months</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Polygon (MATIC) has recently been preparing to enter the parabolic phase of the confirmed bull market. Since the successful rebound in October last year, MATIC, which is gradually evolving into a POL token through the Polygon 2.0 economics, has risen more than 83 percent.&nbsp;</p> 
<p>However, the mid-cap altcoin, with a fully diluted valuation of $9.2 billion and a 24-hour trading volume of around $520 million, has been trapped in a horizontal consolidation in the past three months. As a result, the MATIC token has accumulated significant buyers seeking to capitalize on the confirmed bull cycle.</p> 
<h2 class="wp-block-heading" id="h-polygon-team-reimagines-competitiveness-nbsp">Polygon Team Reimagines Competitiveness&nbsp;</h2> 
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   <p lang="en" dir="ltr">Following the 10-day timelock, the latest upgrade to Polygon zkEVM is now live on mainnet. The Etrog upgrade brings support for four additional precompiled smart contracts—a major step towards becoming a full Type 2 ZK-EVM.<br><br>End users don’t need to take any action—everything will… <a href="https://t.co/qeMvECS5as">pic.twitter.com/qeMvECS5as</a></p>— Polygon Foundation (@0xPolygonFdn) <a href="https://twitter.com/0xPolygonFdn/status/1757468789954711824?ref_src=twsrc%5Etfw">February 13, 2024</a>
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<p>During the height of the 2022/2023 crypto winter, when on-chain activity was significantly low, Polygon’s core developers have been working on different infrastructures to enable mass adoption of Ethereum smart contracts. Furthermore, emerging layer-one blockchains like Solana (SOL) and Cardano (ADA) have competed to become the top web3 ecosystem.</p> 
<p>In the latest Polygon move geared towards competing with other layer-two chains like Arbitrum (ARB) and Optimism (OP), the Etrog upgrade went live on the zkEVM to bring support for four additional precompiled smart contracts.</p> 
<h2 class="wp-block-heading" id="h-matic-price-analysis">MATIC Price Analysis</h2> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MATIC</a> is on the Verge of Massive Triangle Upside Breakout..!!<br><br>I'm Extremely Bullish for the Midterm/Longterm so don't miss the RIDE.<a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/MATIC?src=hash&amp;ref_src=twsrc%5Etfw">#MATIC</a> <a href="https://twitter.com/hashtag/Polygon?src=hash&amp;ref_src=twsrc%5Etfw">#Polygon</a> <a href="https://t.co/Rkh1EvORwT">pic.twitter.com/Rkh1EvORwT</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1758360145162047535?ref_src=twsrc%5Etfw">February 16, 2024</a>
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<p>According to Captain Faibik, a popular crypto analyst on the X platform, MATIC’s price is on the precipice of a 600 percent rally in the near term. </p> 
<p>The analyst indicated that MATIC price has formed a macro triangle since the end of the 2021 bull run and has now approached the apex. As a result, the crypto analyst highlighted that the altcoin is on the verge of a massive triangle bullish breakout.</p> 
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Polygon (MATIC) Price Poised For 6x Rally in Coming Months

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