Ethereum

Convergence

Polygon

Divergence

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/polygon-renames-matic-to-pol" data-wpel-link="internal" rel="noopener noreferrer nofollow">Polygon Renames MATIC to POL</a><br></p>
<p style="text-align: justify">Polygon, a leading Ethereum scaling solution, announced that it will rename its <a href="https://en.bitcoinhaber.net/polygon-struggles-in-market-recovery" data-wpel-link="internal" rel="noopener noreferrer nofollow">MATIC</a> token to POL token on September 4. This new token will replace MATIC as the main transaction fee and staking token within the Polygon ecosystem, marking a significant update for the network.</p>
<h2 id="how-will-matic-holders-transition">How Will MATIC Holders Transition?</h2>
<p style="text-align: justify">To accommodate this change, MATIC holders on Ethereum, Polygon zkEVM, and centralized exchanges will need to convert their tokens to POL. The conversion will be conducted on a 1:1 basis, ensuring the total supply remains unaffected. This transition is essential for the continued participation in staking and transaction activities within the network.</p>
<p style="text-align: justify">The introduction of POL is aimed at enhancing Polygon’s functionality and supporting its growing infrastructure. POL will play a crucial role in Polygon’s new AggLayer, which seeks to create a unified network ecosystem. This move aligns with Polygon’s strategy to improve network efficiency and scalability. POL will be integral to the multi-blockchain AggLayer ecosystem and support the Staking Hub anticipated next year.</p>
<h2 id="what-are-the-predictions-for-matic">What Are the Predictions for MATIC?</h2>
<p style="text-align: justify">Despite a 59% decline since the start of the year, optimistic predictions are emerging for MATIC. Technical analyses suggest that MATIC could rebound by 20.90% to reach $0.50. This forecast is based on recent positive <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market</a> signals and technical indicators, such as the Moving Average Convergence Divergence (MACD) on the 4-hour chart.</p>
<p style="text-align: justify">Market experts view the transition to POL as a strategic move to bolster Polygon’s network capabilities and support future growth. As the transition date approaches, stakeholders are gearing up for a smooth shift to maintain network activities, which is anticipated to positively influence the core asset’s price.</p>
<h2 id="key-takeaways-for-stakeholders">Key Takeaways for Stakeholders</h2>
<ul>
 <li>MATIC token holders must convert their tokens to POL on a 1:1 basis.</li>
 <li>The transition aims to enhance network functionality and scalability.</li>
 <li>POL will be crucial for Polygon’s new AggLayer and upcoming Staking Hub.</li>
 <li>Technical analyses predict a potential 20.90% increase in MATIC’s price.</li>
</ul>
<p style="text-align: justify">Overall, the transition from MATIC to POL represents a significant milestone for Polygon, enhancing its ecosystem’s efficiency and scalability while preparing for <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">future developments</a>. As the transition date nears, the network and its stakeholders are expected to benefit from this strategic move.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/polygon-renames-matic-to-pol" data-wpel-link="internal" rel="noopener noreferrer nofollow">Polygon Renames MATIC to POL</a></h5>

Polygon Renames MATIC to POL

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