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Is Polygon 2.0’s Transition to Interconnected ZK-Powered Layer-2 Chains? ⛓️
#Polygon Labs has introduced three Polygon Improvement Proposals (PIPs) to kickstart the transition to Polygon 2.0, a layer-2 Ethereum ecosystem powered by zero-knowledge cryptography.
These PIPs set the stage for "Phase 0" of creating an interconnected network of ZK-powered layer-2 chains that enhance Ethereum scalability. PIP-17 outlines the transition of MATIC tokens to POL tokens, serving as the native gas and staking token for Polygon.
PIP-18 provides technical details about POL tokens, including supply and emission mechanisms. Lastly, PIP-19 proposes switching the native gas token from MATIC to #POL on Polygon PoS, ensuring maximum backward compatibility.
These developments aim to boost Polygon's role as the value layer of the internet, offering low-fee, high-throughput performance to the #Ethereum ecosystem. Community consideration and voting on these proposals are expected in Q4 2023.
#Binance
#crypto2023
#Polygon Labs has introduced three Polygon Improvement Proposals (PIPs) to kickstart the transition to Polygon 2.0, a layer-2 Ethereum ecosystem powered by zero-knowledge cryptography.
These PIPs set the stage for "Phase 0" of creating an interconnected network of ZK-powered layer-2 chains that enhance Ethereum scalability. PIP-17 outlines the transition of MATIC tokens to POL tokens, serving as the native gas and staking token for Polygon.
PIP-18 provides technical details about POL tokens, including supply and emission mechanisms. Lastly, PIP-19 proposes switching the native gas token from MATIC to #POL on Polygon PoS, ensuring maximum backward compatibility.
These developments aim to boost Polygon's role as the value layer of the internet, offering low-fee, high-throughput performance to the #Ethereum ecosystem. Community consideration and voting on these proposals are expected in Q4 2023.
#Binance
#crypto2023
Polygon Introduces POL Token on Ethereum for Polygon 2.0 Era
Post By: CryptosHeadlines.com
Polygon Labs has introduced smart contracts for its forthcoming cryptocurrency, POL, on the Ethereum mainnet.Polygon Labs has reached a significant milestone by deploying contracts for its new cryptocurrency, POL, on the Ethereum mainnet. This comes after a successful testnet deployment, showcasing Polygon’s dedication to innovation.
In September, the Polygon community approved several Improvement Proposals, including PIP-17 and PIP-19. These proposals outlined the transition from MATIC to POL and were aligned with the architecture of the eagerly awaited Polygon 2.0 upgrade. POL, designed to replace MATIC, seamlessly integrates with the advanced features of Polygon 2.0, setting the stage for the next phase in Polygon’s development.
Matic and Pol
The key differences between MATIC and POL are in their intended functions. MATIC has been the foundational cryptocurrency in the Polygon ecosystem, while POL aims to take things to the next level. POL will not only be the primary cryptocurrency for Polygon 2.0 but will also support a wide network of zero-knowledge-based Layer 2 chains.
A standout feature of POL is its native re-staking protocol. This protocol empowers POL holders to validate multiple chains and take on various roles on each chain, increasing its usefulness in the ecosystem. In Polygon Labs’ words, “POL, a next-generation, high-efficiency token, will power a broad ecosystem of zero-knowledge-based Layer 2 chains. Its native re-staking protocol gives POL holders the flexibility to validate on numerous chains and assume diverse roles on each.”
It’s important to note that POL won’t immediately replace MATIC. Such a significant transition requires governance approval and will coincide with the launch of Polygon 2.0. As the upgrade draws near, there are several crucial steps to be taken. These include introducing a new staking layer for Polygon’s Layer 2 chains, transitioning from Polygon’s proof-of-stake to zkRollup, and implementing a zk-based interoperability and shared liquidity protocol for all Layer 2s, as outlined by Polygon Labs. This roadmap sets the stage for an exciting new chapter in Polygon’s journey.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Polygon #PolygonzkEVM #matic #POL #POLtoken
Polygon Labs has introduced smart contracts for its forthcoming cryptocurrency, POL, on the Ethereum mainnet.Polygon Labs has reached a significant milestone by deploying contracts for its new cryptocurrency, POL, on the Ethereum mainnet. This comes after a successful testnet deployment, showcasing Polygon’s dedication to innovation.
In September, the Polygon community approved several Improvement Proposals, including PIP-17 and PIP-19. These proposals outlined the transition from MATIC to POL and were aligned with the architecture of the eagerly awaited Polygon 2.0 upgrade. POL, designed to replace MATIC, seamlessly integrates with the advanced features of Polygon 2.0, setting the stage for the next phase in Polygon’s development.
Matic and Pol
The key differences between MATIC and POL are in their intended functions. MATIC has been the foundational cryptocurrency in the Polygon ecosystem, while POL aims to take things to the next level. POL will not only be the primary cryptocurrency for Polygon 2.0 but will also support a wide network of zero-knowledge-based Layer 2 chains.
A standout feature of POL is its native re-staking protocol. This protocol empowers POL holders to validate multiple chains and take on various roles on each chain, increasing its usefulness in the ecosystem. In Polygon Labs’ words, “POL, a next-generation, high-efficiency token, will power a broad ecosystem of zero-knowledge-based Layer 2 chains. Its native re-staking protocol gives POL holders the flexibility to validate on numerous chains and assume diverse roles on each.”
It’s important to note that POL won’t immediately replace MATIC. Such a significant transition requires governance approval and will coincide with the launch of Polygon 2.0. As the upgrade draws near, there are several crucial steps to be taken. These include introducing a new staking layer for Polygon’s Layer 2 chains, transitioning from Polygon’s proof-of-stake to zkRollup, and implementing a zk-based interoperability and shared liquidity protocol for all Layer 2s, as outlined by Polygon Labs. This roadmap sets the stage for an exciting new chapter in Polygon’s journey.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Polygon #PolygonzkEVM #matic #POL #POLtoken
Polygon 2.0 has undergone a major upgrade: MATIC is planning to rename itself as POL!
Ethereum scaling solution Polygon released a new proposal on the 21st of last month to upgrade its original mainnet, PolygonPoS, to zkEVM Validium and stated that the upgrade will run on the mainnet by the end of the first quarter of 2024.
Recently, Polygon has once again announced relevant news to the market: the project proposes to upgrade the name of its native token #MATIC to #POL to support its ecosystem protocols: Polygon PoS, Polygon Supernets, and Polygon zkEVM.
According to the official statement, POL is the next generation native token of Polygon, aimed at protecting, coordinating, and developing the Polygon ecosystem.
The utility of POL will cover all Polygon protocols, including Polygon PoS, zkEVM, and Supernets.
"It can allow the scale of protocol participants (i.e. roles) to expand, support thousands of Polygon chains without sacrificing security."
However, upgrading from MATIC to POL requires approval from the Polygon community.
The official claims that if the upgrade proposal is approved, the redesigned protocol architecture will give the Polygon network unlimited scalability, and users and developers will be able to have a frictionless experience between any of its protocols.
According to the official explanation, staking POL in the future can bring three different rewards, including protocol rewards, transaction fees, and additional rewards.
In addition to validating multiple chains, validators can also play multiple roles on a single chain, including generating zero-knowledge proofs and participating in the Data Availability Committee.
The two biggest changes for validators are:
Validators can validate multiple chains.
Each chain can provide validators with multiple roles (and corresponding rewards).
-How will the transition from MATIC to POL be made in the future?
The official statement indicates that an upgrade smart contract will be released. Users can send their MATIC tokens to the contract, and an equal amount of POL will be automatically returned. If the community reaches a consensus to support the proposal, the transition is expected to begin in a few months.
#GOATMoments
Recently, Polygon has once again announced relevant news to the market: the project proposes to upgrade the name of its native token #MATIC to #POL to support its ecosystem protocols: Polygon PoS, Polygon Supernets, and Polygon zkEVM.
According to the official statement, POL is the next generation native token of Polygon, aimed at protecting, coordinating, and developing the Polygon ecosystem.
The utility of POL will cover all Polygon protocols, including Polygon PoS, zkEVM, and Supernets.
"It can allow the scale of protocol participants (i.e. roles) to expand, support thousands of Polygon chains without sacrificing security."
However, upgrading from MATIC to POL requires approval from the Polygon community.
The official claims that if the upgrade proposal is approved, the redesigned protocol architecture will give the Polygon network unlimited scalability, and users and developers will be able to have a frictionless experience between any of its protocols.
According to the official explanation, staking POL in the future can bring three different rewards, including protocol rewards, transaction fees, and additional rewards.
In addition to validating multiple chains, validators can also play multiple roles on a single chain, including generating zero-knowledge proofs and participating in the Data Availability Committee.
The two biggest changes for validators are:
Validators can validate multiple chains.
Each chain can provide validators with multiple roles (and corresponding rewards).
-How will the transition from MATIC to POL be made in the future?
The official statement indicates that an upgrade smart contract will be released. Users can send their MATIC tokens to the contract, and an equal amount of POL will be automatically returned. If the community reaches a consensus to support the proposal, the transition is expected to begin in a few months.
#GOATMoments
Polygon’s Ambitious Ethereum Scaling and POL Token Proposals
CryptosHeadlines.com - The Leading Crypto Research Network
Polygon Labs has started Polygon 2.0, a major Ethereum upgrade. They released three proposals to make Ethereum better and started changing MATIC to POL tokens.
Ad. Get $50 USDT Reward From CryptosHeadlines. Click Here To Join
Polygon Labs has kicked off Polygon 2.0, a big upgrade for Ethereum, with three proposals to improve it and the transition of MATIC to POL tokens. This marks a significant step for Polygon as they aim to make Ethereum more scalable and have better liquidity.
Polygon 2.0 Implementation Proposal Announced
On September 14, Polygon Labs made an important announcement. They shared that they’ve released three proposals to improve Polygon, called Polygon Improvement Proposals (PIPs). These changes are part of their Polygon 2.0 plan, which they started working on in June. They expect to finish these improvements in early Q4 this year.
One of the main goals of Polygon 2.0 is to give more power to the community. This means the people who build things on Polygon and everyone else who helps make Polygon better will have a bigger say in how things work.
PIP-18 is a plan to create a network of connected chains using a technology called zero knowledge. This will make Ethereum much bigger and more powerful, like the Internet.
One big change is that they will switch from using MATIC to POL tokens for certain things in Polygon. These tokens will be used for staking and other important stuff.
PIP-17 is about how they will use POL tokens. It will help with things like staking, which is like saving your tokens to earn rewards, and making sure the community has a say in how things work.
PIP-19 is a plan to make sure everything still works when they switch from MATIC to POL tokens. They will upgrade something called the Bridge Contract to make this happen.
MATIC Price Rises Slightly in 24 Hours
In the last day, the price of MATIC, a cryptocurrency, increased by just over 1%, reaching $0.521. However, the news about Polygon 2.0 and the migration of the POL token didn’t spark immediate interest from traders. The lowest and highest prices in the last 24 hours were $0.509 and $0.524, respectively
Trading volumes have decreased by 12% during this time, indicating a lack of interest from traders. Additionally, concerns from the SEC about MATIC’s classification as securities and Binance’s decision to drop support for Polygon and remove MATIC pairs have influenced its price movement.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#cryptomarket #POLYGON #Ethereum #POL #MATIC
Polygon Labs has started Polygon 2.0, a major Ethereum upgrade. They released three proposals to make Ethereum better and started changing MATIC to POL tokens.
Ad. Get $50 USDT Reward From CryptosHeadlines. Click Here To Join
Polygon Labs has kicked off Polygon 2.0, a big upgrade for Ethereum, with three proposals to improve it and the transition of MATIC to POL tokens. This marks a significant step for Polygon as they aim to make Ethereum more scalable and have better liquidity.
Polygon 2.0 Implementation Proposal Announced
On September 14, Polygon Labs made an important announcement. They shared that they’ve released three proposals to improve Polygon, called Polygon Improvement Proposals (PIPs). These changes are part of their Polygon 2.0 plan, which they started working on in June. They expect to finish these improvements in early Q4 this year.
One of the main goals of Polygon 2.0 is to give more power to the community. This means the people who build things on Polygon and everyone else who helps make Polygon better will have a bigger say in how things work.
PIP-18 is a plan to create a network of connected chains using a technology called zero knowledge. This will make Ethereum much bigger and more powerful, like the Internet.
One big change is that they will switch from using MATIC to POL tokens for certain things in Polygon. These tokens will be used for staking and other important stuff.
PIP-17 is about how they will use POL tokens. It will help with things like staking, which is like saving your tokens to earn rewards, and making sure the community has a say in how things work.
PIP-19 is a plan to make sure everything still works when they switch from MATIC to POL tokens. They will upgrade something called the Bridge Contract to make this happen.
MATIC Price Rises Slightly in 24 Hours
In the last day, the price of MATIC, a cryptocurrency, increased by just over 1%, reaching $0.521. However, the news about Polygon 2.0 and the migration of the POL token didn’t spark immediate interest from traders. The lowest and highest prices in the last 24 hours were $0.509 and $0.524, respectively
Trading volumes have decreased by 12% during this time, indicating a lack of interest from traders. Additionally, concerns from the SEC about MATIC’s classification as securities and Binance’s decision to drop support for Polygon and remove MATIC pairs have influenced its price movement.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#cryptomarket #POLYGON #Ethereum #POL #MATIC
Why Polygon's 22% Monthly Surge and New POL Token Matter 🌟
Hey, it's Linkan! Today, we're diving into Polygon ($MATIC ) , a crypto that's been making headlines for all the right reasons. With a 22% monthly gain and a new POL token, here's why you should pay attention. 🌟
The Basics: What You Need to Know 📊
Price: $0.64
Market Cap: $5.95 billion
Trading Volume: Up by 38%, reaching $275 million in one day!
The New $POL Token: Why It's a Big Deal 🚀
Polygon is not just about impressive numbers; it's a breeding ground for innovation. The introduction of the POL token is a pivotal moment, opening up new avenues for growth within the Polygon ecosystem. 🌐
The Other Side of the Coin 🔄
While the gains are noteworthy, there's been a dip in MATIC's whale activity and social volume. But don't overlook the rise in open interest—from $135 million to $170 million in a fortnight. 📈
Your Take? 🤔
How do you feel about Polygon's recent developments?
Pumped up! 🎉
Curious but cautious. 🤨
Not my thing. 🤷♂️
#POL #PolygonTrends #BinanceSquare #CryptoUpdates #EthereumNetwork
Disclaimer 🛑
This content is not financial advice. Always conduct your own research.
So, are you intrigued by Polygon's growth and the new POL token? Let's discuss! 🎉
Hey, it's Linkan! Today, we're diving into Polygon ($MATIC ) , a crypto that's been making headlines for all the right reasons. With a 22% monthly gain and a new POL token, here's why you should pay attention. 🌟
The Basics: What You Need to Know 📊
Price: $0.64
Market Cap: $5.95 billion
Trading Volume: Up by 38%, reaching $275 million in one day!
The New $POL Token: Why It's a Big Deal 🚀
Polygon is not just about impressive numbers; it's a breeding ground for innovation. The introduction of the POL token is a pivotal moment, opening up new avenues for growth within the Polygon ecosystem. 🌐
The Other Side of the Coin 🔄
While the gains are noteworthy, there's been a dip in MATIC's whale activity and social volume. But don't overlook the rise in open interest—from $135 million to $170 million in a fortnight. 📈
Your Take? 🤔
How do you feel about Polygon's recent developments?
Pumped up! 🎉
Curious but cautious. 🤨
Not my thing. 🤷♂️
#POL #PolygonTrends #BinanceSquare #CryptoUpdates #EthereumNetwork
Disclaimer 🛑
This content is not financial advice. Always conduct your own research.
So, are you intrigued by Polygon's growth and the new POL token? Let's discuss! 🎉
#MATIC #POL #cryptonews #crypto2023 #BinanceSquare
$MATIC $POLYX
🟢 Polygon zkEVM crosses this milestone: How did MATIC react?
💬 Polygon zkEVM's 7 million transactions milestone, soaring TVL, and MATIC's bullish trend signal a journey of achievements and growth of the blockchain.
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$MATIC $POLYX
🟢 Polygon zkEVM crosses this milestone: How did MATIC react?
💬 Polygon zkEVM's 7 million transactions milestone, soaring TVL, and MATIC's bullish trend signal a journey of achievements and growth of the blockchain.
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#MATIC #POL #cryptonews #crypto2023 #BinanceSquare
$MATIC $POLYX
🟢 Magic Eden enhances Polygon integration with latest feature rollout
🗨 Magic Eden has introduced new features to enhance its support for the Polygon network, including an aggregation tool and royalty enforcement for its marketplace.
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$MATIC $POLYX
🟢 Magic Eden enhances Polygon integration with latest feature rollout
🗨 Magic Eden has introduced new features to enhance its support for the Polygon network, including an aggregation tool and royalty enforcement for its marketplace.
👨👩👧 JOIN me to learn how to EARN with trading and get the FASTEST crypto news
❤️ Don't forget to LIKE the post - it's the best support for me
#MATIC #POL #cryptonews #crypto2023A #BinanceSquareInsight
$MATIC $POLYX
🟢 Polygon Price Analysis: Institutional Interest Drives Massive Surge in MATIC Transaction Volume
🗨 The recent On-Chain Analysis, highlight a significant surge in Bitcoin, Ethereum, and Polygon (MATIC) due to increased institutional demands and whale activity. Polygon's Striking Bull Run Transaction Surge: Over the last 30 days, Polygon (MATIC), an Ethereum scaling solution, experienced an extraordinary 3,800% surge in transaction volume, surpassing $100,000.
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$MATIC $POLYX
🟢 Polygon Price Analysis: Institutional Interest Drives Massive Surge in MATIC Transaction Volume
🗨 The recent On-Chain Analysis, highlight a significant surge in Bitcoin, Ethereum, and Polygon (MATIC) due to increased institutional demands and whale activity. Polygon's Striking Bull Run Transaction Surge: Over the last 30 days, Polygon (MATIC), an Ethereum scaling solution, experienced an extraordinary 3,800% surge in transaction volume, surpassing $100,000.
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🟪 A Polygon zkEVM Giga Update 🟪
1️⃣ Community Event: Polygon is currently hosting zkEVM Saga, an event akin to Arbitrum Odyssey. The aim is to foster engagement and support for the chain, offering rewards. Participants in Polygon zkEVM receive NFTs, and there're rumors that these might be a criterion for an upcoming airdrop.
Week 4 has kicked off: https://x.com/0xPolygonDeFi/status/1722626358885683622?s=20
2️⃣ Chain Dynamics: Despite zkEVM's TVL currently below its peak, the chain has witnessed a remarkable surge in volume, soaring over 3,800% compared to 30 days ago, as reported by IntoTheBlock.
However, despite hints from Polygon CEO Sandeep Nailwal about a potential airdrop, the chain hasn't gained as much traction compared to other L2s.
3️⃣ “Hot” Updates:
🔸 OKX Exchange is utilizing Polygon CDK to construct X1, a ZK-powered Layer 2 network.
🔸 Immutable zkEVM, powered by Polygon, is set to launch its mainnet at the end of this year. Additionally, Immutable has recently partnered with the gaming company Ubisoft.
🔸The Ethereum mainnet has commenced the $POL upgrade.
4️⃣ Village Community Grants (total 300k MATIC):
🔸 BUIDL on Polygon #1 Village Community Grant Round by Giveth (170k MATIC): For creators and projects contributing to Polygon's growth.
🔸 Infra on Polygon Village Community Grant Round by gitcoin (130k MATIC): Focused on projects developing infrastructure in the Polygon ecosystem.
5️⃣ A Fertile Ground For Success
🔸 Many major Web2 brands are trusting Polygon as the fertile ground for their Web3 expansion.
🔸 Blockchain games choose Polygon as a place to grow.
🔑 Key Takeaways:
📈 Through sustained marketing initiatives and events, Polygon has garnered user attention, leading to an uptick in daily active users and transaction counts—positive outcomes.
📉 These developments also increase the fees which impacts Polygon's Sequencer profit, resulting in a negative number.
📍 For further details, view this EP of our M3TA Investigation: https://twitter.com/M3TA_Analytics/status/1724350454287798285
#POL #Pol #Ethereum #zkEVM $MATIC
1️⃣ Community Event: Polygon is currently hosting zkEVM Saga, an event akin to Arbitrum Odyssey. The aim is to foster engagement and support for the chain, offering rewards. Participants in Polygon zkEVM receive NFTs, and there're rumors that these might be a criterion for an upcoming airdrop.
Week 4 has kicked off: https://x.com/0xPolygonDeFi/status/1722626358885683622?s=20
2️⃣ Chain Dynamics: Despite zkEVM's TVL currently below its peak, the chain has witnessed a remarkable surge in volume, soaring over 3,800% compared to 30 days ago, as reported by IntoTheBlock.
However, despite hints from Polygon CEO Sandeep Nailwal about a potential airdrop, the chain hasn't gained as much traction compared to other L2s.
3️⃣ “Hot” Updates:
🔸 OKX Exchange is utilizing Polygon CDK to construct X1, a ZK-powered Layer 2 network.
🔸 Immutable zkEVM, powered by Polygon, is set to launch its mainnet at the end of this year. Additionally, Immutable has recently partnered with the gaming company Ubisoft.
🔸The Ethereum mainnet has commenced the $POL upgrade.
4️⃣ Village Community Grants (total 300k MATIC):
🔸 BUIDL on Polygon #1 Village Community Grant Round by Giveth (170k MATIC): For creators and projects contributing to Polygon's growth.
🔸 Infra on Polygon Village Community Grant Round by gitcoin (130k MATIC): Focused on projects developing infrastructure in the Polygon ecosystem.
5️⃣ A Fertile Ground For Success
🔸 Many major Web2 brands are trusting Polygon as the fertile ground for their Web3 expansion.
🔸 Blockchain games choose Polygon as a place to grow.
🔑 Key Takeaways:
📈 Through sustained marketing initiatives and events, Polygon has garnered user attention, leading to an uptick in daily active users and transaction counts—positive outcomes.
📉 These developments also increase the fees which impacts Polygon's Sequencer profit, resulting in a negative number.
📍 For further details, view this EP of our M3TA Investigation: https://twitter.com/M3TA_Analytics/status/1724350454287798285
#POL #Pol #Ethereum #zkEVM $MATIC
This marks a new milestone, paving the way for the Polygon 2.0 vision, which includes various enhancements like replacing the #MATIC token with #POL, implementing re-staking, expanding the use cases for the original token, and upgrading the Polygon PoS sidechain to a layer-2 zkRollup.
POL will operate across all existing Polygon networks, including the PoS main chain, zkEVM, and Supernets branches, with the goal of creating a unified network connecting various layer-2 solutions using ZK technology.
While smart contracts for POL have been deployed, the Polygon network is currently still using MATIC as the original token. MATIC holders do NOT need to take any action at this time.
#POL #pol #polygon $MATIC $POLS
POL will operate across all existing Polygon networks, including the PoS main chain, zkEVM, and Supernets branches, with the goal of creating a unified network connecting various layer-2 solutions using ZK technology.
While smart contracts for POL have been deployed, the Polygon network is currently still using MATIC as the original token. MATIC holders do NOT need to take any action at this time.
#POL #pol #polygon $MATIC $POLS
Unraveling Polygon's Recent Moves in the Crypto Ocean. 🔑🕵🏻♂️😲
Polygon whales make a splash with a spree, acquiring 120 million MATIC in a week. On-chain data signals potential bullish momentum for the cryptocurrency.
Noteworthy increase in MATIC purchases by whales in the past week. "Supply Distribution" indicator highlights their stake range, $7.7 million to $77 million. Whales, holding substantial reserves, wield influence on the asset's value.
Graph depicts a significant rise in Polygon Whale's supply distribution over the last month. Cumulative purchases exceed 120 million MATIC, valued at approximately $92 million.
Whales' accumulation coincides with the cryptocurrency trading at recent lows. Positive signal as large investors see potential amid lower prices.
Exchange reserves witness a surge, suggesting increased deposits on centralized exchanges. Rising reserves persist even after a significant decline in asset value. Selling pressure remains, potentially hindering short-term price gains.
Polygon currently trades above $0.78, reflecting a 22% decline since the start of the month.
#whale #Polygon #MATIC #POL $MATIC
Polygon whales make a splash with a spree, acquiring 120 million MATIC in a week. On-chain data signals potential bullish momentum for the cryptocurrency.
Noteworthy increase in MATIC purchases by whales in the past week. "Supply Distribution" indicator highlights their stake range, $7.7 million to $77 million. Whales, holding substantial reserves, wield influence on the asset's value.
Graph depicts a significant rise in Polygon Whale's supply distribution over the last month. Cumulative purchases exceed 120 million MATIC, valued at approximately $92 million.
Whales' accumulation coincides with the cryptocurrency trading at recent lows. Positive signal as large investors see potential amid lower prices.
Exchange reserves witness a surge, suggesting increased deposits on centralized exchanges. Rising reserves persist even after a significant decline in asset value. Selling pressure remains, potentially hindering short-term price gains.
Polygon currently trades above $0.78, reflecting a 22% decline since the start of the month.
#whale #Polygon #MATIC #POL $MATIC
#POL Give Us Effective Gains
This is effect As Per NAME
👇
1️⃣% RISK RULE
Why to Risk only 1-5% per trade ❓
The main reason is... No one wins every trade, and the 1% risk rule helps protect a trader's capital from declining significantly in unfavourable situations.
If you risk 1% of your current account balance on each trade, you would need to lose 100 trades in a row to wipe out your account.
For eg.
Suppose your capital is $10,000 and with 1% rule here your risk will be $100.
We are going to use simple formula to decide final amount.
Amount to borrow = Risk / Stoploss %
$2000 = $100 / 5%
You can take take 5x leverage For this trade (5 = 500 / 100).
How to apply this non Leverage trade ? It is simple ...
Amount to Invest = Risk / Stoploss %
$2000 = $100 / 5%
You will invest $2000 and 5% Stoploss.
So on any given trade you would loose only 1% of capital or you will make 1%-3% of capital in single trade.
And investing only 1% per trades makes you sleep better without any worry knowing fact that you are going to loose only 1% of whole capital or make 2%-5%.
THIS IS HOW PROFESSIONALS TRADE ‼️
This is effect As Per NAME
👇
1️⃣% RISK RULE
Why to Risk only 1-5% per trade ❓
The main reason is... No one wins every trade, and the 1% risk rule helps protect a trader's capital from declining significantly in unfavourable situations.
If you risk 1% of your current account balance on each trade, you would need to lose 100 trades in a row to wipe out your account.
For eg.
Suppose your capital is $10,000 and with 1% rule here your risk will be $100.
We are going to use simple formula to decide final amount.
Amount to borrow = Risk / Stoploss %
$2000 = $100 / 5%
You can take take 5x leverage For this trade (5 = 500 / 100).
How to apply this non Leverage trade ? It is simple ...
Amount to Invest = Risk / Stoploss %
$2000 = $100 / 5%
You will invest $2000 and 5% Stoploss.
So on any given trade you would loose only 1% of capital or you will make 1%-3% of capital in single trade.
And investing only 1% per trades makes you sleep better without any worry knowing fact that you are going to loose only 1% of whole capital or make 2%-5%.
THIS IS HOW PROFESSIONALS TRADE ‼️
#MATIC #POL #cryptonews #crypto2023 #BinanceSquare
$MATIC $POLYX
🟢 Polygon (MATIC) Price Prediction: What Does The Remainder Of 2023 Hold For MATIC?
🗣️ Polygon (MATIC) has been exceptionally bullish in November, seeing a steady yet considerable increase that has seen the price move from $0.62, past the $0.70 mark, to its current level of $0.77.
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$MATIC $POLYX
🟢 Polygon (MATIC) Price Prediction: What Does The Remainder Of 2023 Hold For MATIC?
🗣️ Polygon (MATIC) has been exceptionally bullish in November, seeing a steady yet considerable increase that has seen the price move from $0.62, past the $0.70 mark, to its current level of $0.77.
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$POL ⏳📈
Should bounce hard incoming hours
Added more at 0.01303.
Risk very low.
Im confident on this retesting ☺️✍️
#POL $POL
Should bounce hard incoming hours
Added more at 0.01303.
Risk very low.
Im confident on this retesting ☺️✍️
#POL $POL
Matic Evolves into POL: A Crucial Transition in the Blockchain World
Cryptocurrencies are in constant evolution, and blockchain projects always seek to enhance their features to stay competitive in the global market. A recent announcement has captured the attention of the crypto community, with Matic Network deciding to transition to POLMatic Network: A Brief OverviewMatic Network, now known as Polygon (POL), was initially created to address Ethereum's scalability issues. By introducing a layer 2 solution, Matic enabled faster and more cost-effective transactions on the Ethereum blockchain. However, development teams have never remained static, and the move to POL represents a significant step in the project's evolution.Reasons Behind the ChangeThe decision to shift from $MATIC to POL is explained by several strategic factors. Firstly, the rebranding provides a broader and more inclusive image of the project, reflecting its ambition to become a versatile blockchain solution beyond solving Ethereum's scalability issues.Furthermore, the transition to POL aims to enhance the project's global visibility, emphasizing its commitment to interoperability and the creation of an interconnected blockchain ecosystem. This is expected to attract more businesses and developers to the platform, thereby strengthening its community.Anticipated BenefitsThe transition from Matic to POL is not merely symbolic; it comes with tangible advantages. Users can expect an improved user experience with faster transactions and reduced gas costs. Additionally, POL will offer advanced features such as native support for smart contracts, expanding its utility.Technically, POL will implement innovative layer 2 solutions, contributing to even greater scalability. This paves the way for more complex and diversified decentralized applications (#Dapps ), reinforcing the #POL ecosystemCommunity ResponseWhile many community members have welcomed this change, some remain cautious, fearing potential disruptions. However, the POL development team has ensured a smooth transition with a well-documented upgrade process for users and developers.ConclusionThe transition from Matic to POL marks a crucial step in the evolution of this dynamic blockchain project. Emphasizing interoperability, scalability, and advanced features, #PolygonEvolution seeks to shape the future of blockchain. As the community closely monitors this transition, it is evident that POL aspires to play a central role in the global blockchain landscape.You can already swap $MATIC to #POL on #KyberSwap or wait until it migrate : https://kyberswap.com//?utm_source=community&utm_medium=ambassadors&utm_campaign=ojahz
Polygon Labs Strengthens the Polygon Ecosystem with POL Token!
Polygon Labs, the development team behind Ethereum scaling solution Polygon, has made an exciting announcement! The company is preparing to introduce a new native token called POL, adding a boost to the Polygon ecosystem. In a Twitter announcement, Polygon Labs revealed its upgrade plan to introduce the POL token as a replacement for the existing token, MATIC. This move aims to unify all structures of the Polygon network with the POL token, providing a more comprehensive experience. #polygon #POL #MATIC $MATIC #ETH $ETH
POL Token: The New Star of the Polygon Ecosystem:
The upgrade plan presented by Polygon Labs positions the POL token as the main token of the Polygon ecosystem. This means that POL will be the sole valid token across all Polygon networks, including the Polygon mainnet, Polygon zkEVM network, and Supernet chains. Polygon Labs emphasizes that the POL token will serve as a multi-purpose token, enabling validators to support the operation of multiple chains using a single token. #zkEVM
Upgrade Process and Timeline:
The transition from the MATIC token to POL has been carefully planned by Polygon Labs. The company has outlined the necessary technical steps for users holding MATIC tokens to upgrade to the POL token. These steps include sending the MATIC tokens to an upgraded smart contract and receiving an equivalent amount of POL tokens in return. Token holders can follow the guidelines provided by Polygon Labs for detailed information and the timeline of the upgrade process. The company highlights that sufficient time will be given for the community to support this initiative. The upgrade process is expected to be completed within four years or longer, according to estimates.
POL Token: Versatile Utility:
Communities within the Polygon chains will have the option to prefer the POL token for gas fees. Each chain's community will make this decision, allowing users to utilize the POL token as a means of payment. Token holders will also be able to use the POL token to vote on governance proposals for DApps developed on Polygon. Participation in governance proposals and the use of the POL token will offer token holders various rewards and incentives.
Price Increase Reflects Community Interest and Confidence:
The announcement of Polygon Labs' POL token has generated significant interest within the community, resulting in a rapid increase in the price of the MATIC token. According to TradingView data, the price of the MATIC token rose from approximately $0.73 to $0.77 within one hour after the announcement. This represents a growth of over 5% in the token's value. This price increase reflects the community's confidence in the POL token and the upgrade plan, further boosting excitement for the future of the Polygon ecosystem.
In Summary:
Polygon Labs has introduced the POL token to strengthen the Polygon ecosystem and provide a more comprehensive experience. The upgrade plan replaces the MATIC token with the POL token, unifying all structures of the Polygon network and offering versatile utility. This step has generated significant excitement within the community and led to a rapid increase in the price of the MATIC token. We eagerly await future developments regarding Polygon Labs' POL token and upgrade plan.
POL Token: The New Star of the Polygon Ecosystem:
The upgrade plan presented by Polygon Labs positions the POL token as the main token of the Polygon ecosystem. This means that POL will be the sole valid token across all Polygon networks, including the Polygon mainnet, Polygon zkEVM network, and Supernet chains. Polygon Labs emphasizes that the POL token will serve as a multi-purpose token, enabling validators to support the operation of multiple chains using a single token. #zkEVM
Upgrade Process and Timeline:
The transition from the MATIC token to POL has been carefully planned by Polygon Labs. The company has outlined the necessary technical steps for users holding MATIC tokens to upgrade to the POL token. These steps include sending the MATIC tokens to an upgraded smart contract and receiving an equivalent amount of POL tokens in return. Token holders can follow the guidelines provided by Polygon Labs for detailed information and the timeline of the upgrade process. The company highlights that sufficient time will be given for the community to support this initiative. The upgrade process is expected to be completed within four years or longer, according to estimates.
POL Token: Versatile Utility:
Communities within the Polygon chains will have the option to prefer the POL token for gas fees. Each chain's community will make this decision, allowing users to utilize the POL token as a means of payment. Token holders will also be able to use the POL token to vote on governance proposals for DApps developed on Polygon. Participation in governance proposals and the use of the POL token will offer token holders various rewards and incentives.
Price Increase Reflects Community Interest and Confidence:
The announcement of Polygon Labs' POL token has generated significant interest within the community, resulting in a rapid increase in the price of the MATIC token. According to TradingView data, the price of the MATIC token rose from approximately $0.73 to $0.77 within one hour after the announcement. This represents a growth of over 5% in the token's value. This price increase reflects the community's confidence in the POL token and the upgrade plan, further boosting excitement for the future of the Polygon ecosystem.
In Summary:
Polygon Labs has introduced the POL token to strengthen the Polygon ecosystem and provide a more comprehensive experience. The upgrade plan replaces the MATIC token with the POL token, unifying all structures of the Polygon network and offering versatile utility. This step has generated significant excitement within the community and led to a rapid increase in the price of the MATIC token. We eagerly await future developments regarding Polygon Labs' POL token and upgrade plan.
Can Dogecoin Reach $1 By 2025? A New Meme Coin Is Racing There First.
Dogecoin and NuggetRush are in the race for $1.
Dogecoin is poised to reach $1 because of its leading status and active community.
NuggetRush stands out for its blend of meme, P2E, and impact gaming.
Memecoins not only brought excitement to the crypto landscape but also revolutionized it. Their ridiculously cheap prices, offering low entries, coupled with their explosive growth potential, make them investor favorites. Within its narrative, Dogecoin (DOGE) played a significant role as a pioneer. However, a new player has entered the meme scene: NuggetRush (NUGX), filled with potential.
With sights set on 2025, there has been speculation about whether Dogecoin can reach $1. Conversely, there are others who believe that NuggetRush will reach this mark first.
#POL #SBF #LINEA
Dogecoin and NuggetRush are in the race for $1.
Dogecoin is poised to reach $1 because of its leading status and active community.
NuggetRush stands out for its blend of meme, P2E, and impact gaming.
Memecoins not only brought excitement to the crypto landscape but also revolutionized it. Their ridiculously cheap prices, offering low entries, coupled with their explosive growth potential, make them investor favorites. Within its narrative, Dogecoin (DOGE) played a significant role as a pioneer. However, a new player has entered the meme scene: NuggetRush (NUGX), filled with potential.
With sights set on 2025, there has been speculation about whether Dogecoin can reach $1. Conversely, there are others who believe that NuggetRush will reach this mark first.
#POL #SBF #LINEA
Dogecoin (DOGE): A Remarkable Journey
Dogecoin (DOGE) was launched in 2013, and its journey has been nothing short of amazing. It was inspired by the internet meme “Doge,” making it a fun token. However, despite its simple origins, it rapidly gained traction and gathered an active following. Since its launch, it has seen significant surges in value, with an ROI of over 10,000%, although it has yet to reach the $1 mark.
Nevertheless, many believe Dogecoin will reach $1 thanks to its dominance. According to experts, it is a matter of when, not if. Moreso, a significant number believe it can reach this value by 2025. Although it isn’t entirely certain when it will reach this year, several factors will play a crucial role when it does.
First, its growing adoption means it has significant room for growth. Second, it has declined by over 90% from its all-time high, leaving enough space for a strong rally. Finally, as the most dominant meme coin, Dogecoin has strong momentum. Hence, it is one of the altcoins to watch and also a good crypto to buy now.
#SBF #POL #LINEA
Dogecoin (DOGE) was launched in 2013, and its journey has been nothing short of amazing. It was inspired by the internet meme “Doge,” making it a fun token. However, despite its simple origins, it rapidly gained traction and gathered an active following. Since its launch, it has seen significant surges in value, with an ROI of over 10,000%, although it has yet to reach the $1 mark.
Nevertheless, many believe Dogecoin will reach $1 thanks to its dominance. According to experts, it is a matter of when, not if. Moreso, a significant number believe it can reach this value by 2025. Although it isn’t entirely certain when it will reach this year, several factors will play a crucial role when it does.
First, its growing adoption means it has significant room for growth. Second, it has declined by over 90% from its all-time high, leaving enough space for a strong rally. Finally, as the most dominant meme coin, Dogecoin has strong momentum. Hence, it is one of the altcoins to watch and also a good crypto to buy now.
#SBF #POL #LINEA