1. Bhilai Hard Fork upgrade and PIP proposals
- Increasing network capacity: Raising the gas limit to ~45 million to accommodate more transactions per block, integrating the EIP-1559 mechanism to improve fee predictability.
- Improving data transfer speed: PIP-66 allows for immediate block header publication, speeding up data dissemination among nodes.
- Updating the consensus mechanism:
- PIP-62: transitions from Tendermint to CometBFT, with a temporary halt of nodes during the upgrade while maintaining historical data.
- PIP-64: utilizes a single block product per time window, reducing mini-reorgs and lowering hardware requirements.
- Restructuring fee distribution: PIP-65 aggregates tips and MEV fees into a unified pool, with block producers receiving a fixed commission and the remainder distributed based on validator shares.
- Timeline:
- Testing on the Amoy network to be completed by June 3.
- Mainnet launch on June 10–11, and on Amoy on July 1–2.
2. Positive technical signals for MATIC
- Current price action:
- MATIC trading at $0.2198 (up 0.41% in 4 hours), rebounding from support at $0.205 on May 31 and forming higher lows.
- Near resistance at $0.222, and breaking through could push the price towards $0.230.
- Relative Strength Index (RSI):
- 4-hour RSI at 54.73 (above the signal line 44.43), indicating renewed bullish momentum.
- Daily RSI at 44.60 with a crossover above the signal line (46.42), reinforcing the potential for an increase if the 50 level is broken.
- Support and resistance levels:
- Strong support at $0.21, with major resistance at $0.25 (which has capped previous gains).
3. MATIC price predictions after upgrades
- Short term:
- Expected rise to $0.2547 (+2.63%) by July 2025, with market indicators neutralized.
- Long term:
- 2025: Expected between $0.1179 (low) and $0.4718 (high).
- 2030: could reach $10.51 in a strong bullish scenario, supported by institutional adoption and the expansion of the Polygon ecosystem.
