Polygon ($MATIC ) Sees 25% Price Surge Ahead of Token Upgrade

MATIC, the 19th largest cryptocurrency, has risen over 25% in seven days, trading at $0.53. This surge makes it one of the top-performing cryptoassets in the last week.

The price movement coincides with Bitcoin's rally, driving the overall cryptocurrency market higher. However, an upcoming event in the Polygon ecosystem may also be contributing to the rise.

MATIC is set to be replaced by POL on September 4th, a new token designed to secure, align, and grow the Polygon ecosystem. POL will offer governance rights, improved scalability, and decentralized security.

MATIC holders on Polygon PoS will be automatically upgraded to POL, while those on Ethereum, Polygon zkEVM, or CEXs may need to take action.

Stay informed and review communications from the team to ensure a smooth transition. #Polygo n #MATIC #POL #TokenUpgrade #Cryptocurrency