Polygon, a leader in Ethereum scaling solutions, recently celebrated a milestone moment with the final launch of their native coin, MATIC, marking a major step towards adoption of Polygon 2.0. This event saw 273 million $MATIC coins, worth approximately US$253 million, transferred to the Matic Foundation. This transfer marks an important milestone, indicating that the entire supply of Polygon's crypto, MATIC, is now circulating in the market.
The Big Leap to Polygon 2.0
According to Coin Edition's report, the completion of this coin release is part of Polygon's strategic roadmap towards Polygon 2.0, an ambitious upgrade designed to improve its platform.
This upgrade is very important for Polygon as it aims to strengthen its position in the blockchain industry. An important aspect of this upgrade is the introduction of a new coin, POL, which will be the central currency in the Polygon ecosystem.The transition from MATIC to POLYGON#$$$ reflects the long-term vision of the project and is expected to unfold over the next four years.
Market analysts remain optimistic about the future of MATIC prices. Analysis of underlying market patterns, such as the formation of a symmetrical triangle pattern, suggests a potential rally, possibly reaching up to US$1.73, provided MATIC maintains a closing price above US$0.96.
Analysts predict a significant rebound, with potential price movement towards the US$1.8-US$2.0 range, driven by market dynamics and a spike in FOMO.
