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Polygon (MATIC) Makes Final Splash: Can MATIC Break Out for a $1.73 Rally?

Published 02/22/2024, 06:21 PM
Updated 02/22/2024, 06:45 PM
Polygon (MATIC) Makes Final Splash: Can MATIC Break Out for a $1.73 Rally?
MATIC/USD
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  • Polygon completes final MATIC release, fully circulating its 10 billion token supply.
  • Transition to Polygon 2.0 introduces POL as the new ecosystem currency.
  • Analysts predict MATIC could rally to $1.73 with sustained support above $0.96.

Polygon has recently finished the final release of the native token, MATIC, in the market, providing the foundation for the adoption of Polygon 2.0. The transfer comprised 273 million MATIC tokens with a value of around $253 million to the Matic Foundation and is a timely milestone as the whole MATIC supply is now in circulation. The event took place during the evening of February 21, 2024, and has been a central point for the market watchers and participants too.

Transition to Polygon 2.0

Polygon is a leader in Ethereum scaling solutions, always developing to improve its ecosystem. The last token release follows its roadmap to Polygon 2.0, bringing an impr…

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