Million

Pepe

PEPE

Polygon

The Polygon price surged 14% in the last 24 hours <a href="https://www.geckoterminal.com/eth/pools/0x290a6a7460b308ee3f19023d2d00de604bcf5b42" rel="noopener noreferrer nofollow">to trade at $0.5322</a> as of 00:43 a.m. EST on trading volume that skyrocketed 113% to $664 million.
The surge comes after Coinbase announced that it will support the migration of the Polygon ticker from MATIC to POL on the Polygon Network on August 26. 
To complete the change, sending or receiving MATIC will be disabled between August 26 and September 10.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Starting 8/26, we will be migrating the Polygon ticker from MATIC to POL on the Polygon Network. Between 8/26 and 9/10, send/receive will be disabled for MATIC on the Polygon Network in order to successfully complete the ticker change from MATIC to POL. Here is what to expect:
 — Coinbase Assets 🛡️ (@CoinbaseAssets) <a href="https://twitter.com/CoinbaseAssets/status/1826296238892863513?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 21, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
On September 4, MATIC will transition to POL. POL will replace MATIC as the native gas and staking token for Polygon proof of stake (PoS).
<h2 id="polygon-price-to-continue-surging">Polygon Price To Continue Surging</h2>
The Polygon price has been on a downtrend in August, as it dropped from the $0.528 resistance, and found support around $0.396, according to data from <a href="https://www.geckoterminal.com/eth/pools/0x290a6a7460b308ee3f19023d2d00de604bcf5b42" rel="noopener noreferrer nofollow">GeckoTerminal</a>. 
The bulls then used the support, with the price of Polygon soaring back to its resistance in the last two days, forming a rounding bottom pattern.
MATIC bulls aim to capitalize on the rounding bottom to sustain the rally, with the price of Polygon now trading above both the 50-day and 200-day Simple Moving Averages (SMAs).
The Relative Strength Index (RSI) also supports the bullish stance, as it soars past the 70-overbought region, currently at 85. The RSI shows that the asset is under intense buying pressure.
Moreover, the Moving Average Convergence Divergence (MACD) trades above the neutral line, showing that the asset is on an uptrend. The blue MACD line is crossing above the orange signal line, forming a bullish crossover.
<figure id="attachment_567658" aria-describedby="caption-attachment-567658" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-567658 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/08/Uniswap-V3-_GeckoTerminal.com_MATIC_2024-08-22_07-43-39.png" alt="Polygon Price Chart Analysis Source: GeckoTerminal.com" width="1255" height="508" srcset="https://insidebitcoins.com/wp-content/uploads/2024/08/Uniswap-V3-_GeckoTerminal.com_MATIC_2024-08-22_07-43-39.png 1255w, https://insidebitcoins.com/wp-content/uploads/2024/08/Uniswap-V3-_GeckoTerminal.com_MATIC_2024-08-22_07-43-39-300x121.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/08/Uniswap-V3-_GeckoTerminal.com_MATIC_2024-08-22_07-43-39-1024x414.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/08/Uniswap-V3-_GeckoTerminal.com_MATIC_2024-08-22_07-43-39-768x311.png 768w" sizes="(max-width: 1255px) 100vw, 1255px">
 <figcaption id="caption-attachment-567658" class="wp-caption-text">
 Polygon Price Chart Analysis Source: GeckoTerminal.com
 </figcaption>
</figure>
A bullish crossover and the RSI soaring show that the asset is bullish. If this stance continues, MATIC could soar, as the bulls now target $0.66, a 24% rise from the current price.
However, with the RSI soaring past the 80 level, the asset is now overvalued. This may be a sign of a looming selling signal. If sellers take control, the price of Polygon could plunge back to the $0.46 support (200-day SMA).
As the Polygon price soars, investors are also pouring funds into a new PEPE alternative called <a href="https://insidebitcoins.com/visit/pepeunchained" rel="noopener noreferrer nofollow">Pepe Unchained (PEPU)</a>, which YouTube channel 99Bitcoins, with more than 706K subscribers, says could soar 100X after its launch.
<iframe title="Next 3 100X Potential Crypto to Buy Now?! (BIG POTENTIAL!)" width="640" height="360" src="https://www.youtube.com/embed/nY8nlmVJiww?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
<h2 id="pepe-unchained-raises-over-9-9-million-best-meme-coin-to-buy-now">Pepe Unchained Raises Over $9.9 Million – Best Meme Coin To Buy Now?</h2>
Since its launch two months ago, the Pepe Unchained presale has soared past $9.9 million.
The massive influx of funds in a short period shows that the crypto market is seriously eyeing Pepe Unchained as the new meme coin anchor, banking on its promise to make Pepe ownership faster and cheaper with its proprietary blockchain.
As its name suggests, Pepe Unchained frees Pepe from his old, clunky Layer-1 server room on Ethereum. The project will run on its own proprietary Ethereum Layer 2 blockchain.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Who needs some Brain Powder?
 Pepe is gearing up for the official launch of his very own blockchain! 🚀 <a href="https://t.co/kZC72UmxFy" rel="noopener noreferrer nofollow">pic.twitter.com/kZC72UmxFy</a>
 — Pepe Unchained (@pepe_unchained) <a href="https://twitter.com/pepe_unchained/status/1803856656704618843?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 20, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Token holders can also earn passively through <a href="https://insidebitcoins.com/visit/pepeunchained" rel="noopener noreferrer nofollow">the platform’s staking system</a>, which offers an annual percentage yield (APY) of 201%.
You can buy $PEPU tokens for $0.0092364 each. With a price hike coming in less than 2 days, buy soon to lock in the best deal.
To join the presale, <a href="https://insidebitcoins.com/visit/pepeunchained" rel="noopener noreferrer nofollow">buy $PEPU from the official website here</a> using ETH, USDT, or a bank card.
<h2 id="related-news">Related News</h2>
<ul>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/5-top-crypto-presales-2024-unveiling-most-anticipated-calsona-gxcce/" rel="noopener noreferrer nofollow">5 Top Crypto Presales 2024: Unveiling the Most Anticipated Opportunities! 🚀💰</a></li>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/best-crypto-buy-now-2024-top-picks-explosive-growth-calsona-6bnie" rel="noopener noreferrer nofollow">Best Crypto to Buy Now (2024): Top Picks for Explosive Growth! 🚀💸</a></li>
 <li><a href="https://insidebitcoins.com/bitcoin-casinos/" rel="noopener noreferrer nofollow">Best Bitcoin Casinos for Crypto Gambling in 2024</a></li>
</ul>

Polygon Price Prediction: MATIC Surges 14% After Coinbase Announces Support For POL Migration As This Layer-2 PEPE Closes On $10 Million

Table of Contents

Inside Bitcoins

Autres articles publiés le 22 août 2024

Shiba Inu Faces Key Test: Will Bulls Push SHIB Higher?

Is Tron the New Ethereum Killer?

T͏͏r͏e͏n͏ding Meme͏ ͏Co͏i͏n To ͏In͏vest In Today,͏ T͏hu͏r͏sd͏ay, Augus͏t͏ 2͏2͏ ͏- Dogwifhat, Mog,͏ Shi͏ba ͏I͏nu͏, Th͏e Meme͏ ...

WazirX Promises to Provide INR and Crypto Solution Tomorrow

Binance Moves Significant Ripple Tokens

Trump responds to AI-generated “Swifties for Trump” images

Join our free newsletter for daily crypto updates!