Captain

PEPE

Polygon

Time

<p>The price of Polygon has been dipping for a long time and has now reached a strong multi-year support level. As noted by AMcrypto, the last two times the price touched this support level, it pumped by 600% and 300% respectively.</p>
<p>With the support level already holding, we could see a similar occurrence. The crypto analyst suggested that if the price moves in a similar way again, <a href="https://captainaltcoin.com/crypto-trader-warns-polygon-holders-is-matic-price-set-for-correction-amid-bullish-signals/" target="_blank" rel="noopener noreferrer nofollow">we could see a major spike</a> to around $1.2 by the end of this year.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MATIC</a> is now at its multi-year support level.<br><br>The last 2 times it touched the support level, MATIC pumped 600% and 300%.<br><br>If something similar happens again, MATIC will be trading above $1.2 by the year end. <a href="https://t.co/qWFSumd7Bs" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/qWFSumd7Bs</a></p>— AMCrypto (@AMCryptoAlex) <a href="https://twitter.com/AMCryptoAlex/status/1829132642551214283?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 29, 2024</a>
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<p>If Polygon (MATIC) breaks below this multi-year price support, there could be a lot of liquidation for MATIC, which will likely make its price crash further.</p>
<h2 class="wp-block-heading" id="upcoming-migration-from-matic-to-pol-could-support-rally">Upcoming Migration From MATIC to POL Could Support Rally</h2>
<p>One of the major catalysts that could also support a price spike from that level is <a href="https://captainaltcoin.com/polkadot-2-0s-upgrade-heres-everything-you-need-to-know-as-dot-price-presents-perfect-time-to-buy/" target="_blank" rel="noopener noreferrer nofollow">the upcoming upgrade scheduled for September 4.</a></p>
<p>The upgrade, which will be introducing a new token, is expected to make the Polygon network bullish. Polygon’s MATIC will be replaced by POL as the native token of the network.</p>
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<p>Initially, it will serve as the native gas and staking token for the network, and later on, it will also be crucial in the AggLayer role.</p>
<p>The major upgrade is a significant part of Polygon 2.0 roadmap. Developers have included all the <a href="https://polygon.technology/blog/save-the-date-matic-pol-migration-coming-september-4th-everything-you-need-to-know" target="_blank" rel="noopener noreferrer nofollow">information users and MATIC holders need to know</a> on their website.</p>
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<p>The post <a href="https://captainaltcoin.com/the-last-time-this-happened-matic-price-pumped-600-as-polygons-upgrade-is-now-days-away/" rel="noopener noreferrer nofollow">The Last Time This Happened MATIC Price Pumped 600% as Polygon’s Upgrade Is Now Days Away</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

The Last Time This Happened MATIC Price Pumped 600% as Polygon’s Upgrade Is Now Days Away

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