Price Forecast: Will MATIC rebound after POL transition?

Polygon has announced a major network upgrade coming on September 4th. This upgrade marks MATIC’s transition to POL. POL will replace MATIC as the primary and staking token on the Polygon PoS network. This initial change is part of a broader plan to more deeply integrate POL into AggLayer in the future. The switch from MATIC to POL is more than just a technology refresh, it reflects Polygon's strategy to improve network performance and efficiency. Markets expect the upgrade could have a positive impact on Polygon's valuation, after its market position was affected by the recent downturn.

Will MATIC prices recover soon? The price of MATIC has experienced significant volatility during market activity, showing a downward trend. At the time of reporting, MATIC’s price was trading around $0.4005, down 3%. However, trading volume surged 40% to $203 million, according to CoinMarketCap data, indicating increased market activity.

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