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<p>Polygon has made notable steps in its technological development. On July 23rd, 2024, <a href="https://coinmarketcap.com/community/post/338192232" target="_blank" rel="noopener noreferrer nofollow">the platform released</a> Plonky3, its latest zero-knowledge proof system. This update aims to boost Polygon’s performance and security.</p>
<p>Simultaneously, Visa announced a partnership with Polygon. The collaboration will power a CDK-based chain for decentralized payments in Africa. This move could potentially boost Polygon’s adoption in emerging markets.</p>
<h2 class="wp-block-heading" id="strong-polygon-s-evolution-continues-strong"><strong>Polygon’s Evolution Continues</strong></h2>
<p>The platform is set to migrate from MATIC to POL tokens on September 4, 2024. This transition is part of Polygon’s 2.0 roadmap. The shift aims to improve the Layer 2 ecosystem’s functionality.</p>
<p>Polygon’s Proof of Stake chain boasts notable capabilities. It can handle up to 65K transactions per second. Additionally, it offers lower fees compared to competitors like Arbitrum and Optimism.</p>
<p>According to CMC TLDR, MATIC’s price has shown recent positive movement. In the last 24 hours, it increased by 2.14% to $0.54. Trading volume also surged by 48.39%, reaching $320.77 million.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/ethena-wakes-up-following-eth-etfs-heres-where-the-ena-price-is-headed-next/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Ethena “Wakes Up” Following ETH ETFs – Here’s Where the ENA Price is Headed Next</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-matic-price-analysis-strong"><strong>MATIC Price Analysis</strong></h2>
<p>AltFINs provides insights into MATIC’s price action. Despite a general downtrend, the token has bounced from the $0.43 support level. It broke through the downtrend line and $0.50 resistance.</p>
<p>This breakout suggests potential for further upward movement. A 10% swing to $0.60 could be on the horizon. However, traders should note that short-term and medium-term trends remain bearish.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcl5XGeP8FbKnX6I36jWBF6YUSP3RvNZNtyMSvXiZGc15oCKGpL7YgLTYTsvkln67PuJocV-4LqmY0-8NMlZaMR4PFviVqjfPc0OkW5Bclhb2Tz-yVahcVgF4vYYHm8TLx6KmkoRQNqpUo3jdTjkb33u10G?key=jCuww7K6pP9XNbMLJPzTAQ" alt="">
 <figcaption class="wp-element-caption"><em>Source: </em><a href="https://captainaltcoin.com/go/altfins/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>altFINS – Start using it today</em></strong></a>
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<p>The MACD line currently sits above the signal line. This positioning typically indicates bullish momentum. However, declining histogram bars suggest caution. The momentum may be nearing a down swing.</p>
<p>Price is neither overbought nor oversold based on RSI levels. This neutral positioning leaves room for movement in either direction.</p>
<p>Polygon’s recent developments showcase its commitment to innovation. The Plonky3 release and Visa partnership could positively impact MATIC’s long-term prospects. However, market volatility remains a factor to consider.</p>
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<p>The post <a href="https://captainaltcoin.com/polygons-metrics-continue-to-grow-will-matic-price-break-this-next-key-level/" rel="noopener noreferrer nofollow">Polygon’s Metrics Continue to Grow – Will MATIC Price Break This Next Key Level?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Polygon’s Metrics Continue to Grow – Will MATIC Price Break This Next Key Level?

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