{"id":540683,"date":"2023-07-01T09:17:20","date_gmt":"2023-07-01T09:17:20","guid":{"rendered":"https:\/\/wncen.com\/?p=540683"},"modified":"2023-07-01T09:17:20","modified_gmt":"2023-07-01T09:17:20","slug":"polygon-2-0-upgrade-potential-bullish-implications-for-matic-price","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/polygon-2-0-upgrade-potential-bullish-implications-for-matic-price\/","title":{"rendered":"Polygon 2.0 Upgrade – Potential Bullish Implications For MATIC Price?"},"content":{"rendered":"

Polygon (MATIC) has recently made a significant announcement, unveiling the architecture of its highly anticipated Polygon 2.0. The community has been eagerly awaiting this update, hoping it will address various scalability issues and bring further improvements to the network.\u00a0<\/span><\/p>\n

Despite the excitement surrounding Polygon’s future plans, the token, MATIC, seems to be experiencing a period of struggle. <\/span><\/p>\n

As the crypto space evolves rapidly, investors and enthusiasts wonder what could be causing MATIC’s current downturn and how it may impact the platform’s trajectory.\u00a0<\/span><\/p>\n

Could Polygon 2.0 be the key to revitalizing MATIC’s value and restoring confidence in the project?<\/span><\/p>\n

Related Reading: Arbitrum Gains Tempered By Obstacles, Hindering ARB\u2019s Further Upswing<\/a><\/div>\n

A Shift For Polygon’s Scalability And Liquidity?<\/strong><\/h2>\n

Polygon (MATIC) recently <\/span>took to Twitter<\/span><\/a> to provide a sneak peek into the highly anticipated Polygon 2.0 update, which aims to revolutionize the network by offering limitless scalability and unified liquidity.<\/span><\/p>\n

According to the tweet, Polygon aspires to transform itself into the value layer of the Internet, emphasizing the significant role it envisions for its upgraded infrastructure.<\/span><\/p>\n

\n

1\/ Today, we are excited to propose the Polygon 2.0 architecture, designed to provide unlimited scalability and unified liquidity, thus transforming Polygon into the Value Layer of the Internet!<\/p>\n

Read the blog \ud83d\udc47\ud83c\udffd or keep scrolling \ud83e\uddf5https:\/\/t.co\/sShy6R1E6R<\/a> pic.twitter.com\/BTdwkri4nI<\/a><\/p>\n

\u2014 Polygon (Labs) (@0xPolygonLabs) June 29, 2023<\/a><\/p><\/blockquote>\n

The architecture of Polygon 2.0 comprises four distinct protocol layers, each serving a crucial purpose within the network, contributing to the overall functionality and efficiency of the platform. Notably, Polygon’s staking space has witnessed growth within the span of just seven days.<\/span><\/p>\n

<\/p>\n

MATIC market cap currently at $10 billion on the weekend chart: TradingView.com<\/a><\/pre>\n
Staking Rewards data reveals a noticeable increase in the number of MATIC stakers during this period, reflecting the growing interest and participation in the Polygon ecosystem.<\/span><\/p>\n
Despite the positive developments in Polygon’s staking community, the MATIC token has encountered a minor setback in its market value.<\/span><\/p>\n
CoinGecko<\/span><\/a> reports the current price of MATIC at $0.659, indicating a slight 0.2% decline in the past 24 hours and a 2.6% loss in value over the past seven days.<\/span><\/p>\n
\"\"<\/p>\n
Source: Coingecko<\/pre>\n
Mixed Signals In MATIC Price Report<\/strong><\/h2>\n
The latest <\/span>MATIC price report<\/span><\/a> presents a somewhat intriguing scenario, with certain metrics displaying bullish signals while others suggest a contrasting outlook. <\/span><\/p>\n
Among the positive indicators, the Moving Average Convergence Divergence (MACD) signaled a bullish edge in the market, instilling optimism among investors. <\/span><\/p>\n
Additionally, the Relative Strength Index (RSI) showed an uptick, indicating increased buying pressure and potential strength in MATIC’s price movement.<\/span><\/p>\n
Related Reading: Stellar (XLM) Takes Investors By Surprise With 23% Rally<\/a><\/div>\n
However, the report also highlighted a concerning aspect of MATIC’s price trend. The gap between the 20-day Exponential Moving Average (EMA) and the 55-day EMA was widening, raising red flags among traders and market observers. <\/span><\/p>\n
A significant and increasing gap between these two EMAs could suggest a potential loss of short-term momentum and might indicate a more prolonged downtrend for the token’s price.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from <\/span>The Daily Hodl<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Polygon (MATIC) has recently made a significant announcement, unveiling the architecture of its highly anticipated Polygon 2.0. The community has been eagerly awaiting this update, hoping it will address various scalability issues and bring further improvements to the network.\u00a0 Despite the excitement surrounding Polygon’s future plans, the token, MATIC, seems to be experiencing a period of struggle. As the crypto space evolves rapidly, investors and enthusiasts wonder what could be causing MATIC’s current downturn and how it may impact the platform’s trajectory.\u00a0 Could Polygon 2.0 be the key to revitalizing MATIC’s value and restoring confidence in the project? Related Reading: Arbitrum Gains Tempered By Obstacles, Hindering ARB\u2019s Further Upswing A Shift For Polygon’s Scalability And Liquidity? Polygon (MATIC) recently took to Twitter to provide a sneak peek into the highly anticipated Polygon 2.0 update, which aims to revolutionize the network by offering limitless scalability and unified liquidity. According to the tweet, Polygon aspires to transform itself into the value layer of the Internet, emphasizing the significant role it envisions for its upgraded infrastructure. 1\/ Today, we are excited to propose the Polygon 2.0 architecture, designed to provide unlimited scalability and unified liquidity, thus transforming Polygon into the Value Layer of the Internet! Read the blog \ud83d\udc47\ud83c\udffd or keep scrolling \ud83e\uddf5https:\/\/t.co\/sShy6R1E6R pic.twitter.com\/BTdwkri4nI \u2014 Polygon (Labs) (@0xPolygonLabs) June 29, 2023 The architecture of Polygon 2.0 comprises four distinct protocol layers, each serving a crucial purpose within the network, contributing to the overall functionality and efficiency of the platform. Notably, Polygon’s staking space has witnessed growth within the span of just seven days. MATIC market cap currently at $10 billion on the weekend chart: TradingView.com Staking Rewards data reveals a noticeable increase in the number of MATIC stakers during this period, reflecting the growing interest and participation in the Polygon ecosystem. Despite the positive developments in Polygon’s staking community, the MATIC token has encountered a minor setback in its market value. CoinGecko reports the current price of MATIC at $0.659, indicating a slight 0.2% decline in the past 24 hours and a 2.6% loss in value over the past seven days. Source: Coingecko Mixed Signals In MATIC Price Report The latest MATIC price report presents a somewhat intriguing scenario, with certain metrics displaying bullish signals while others suggest a contrasting outlook. Among the positive indicators, the Moving Average Convergence Divergence (MACD) signaled a bullish edge in the market, instilling optimism among investors. Additionally, the Relative Strength Index (RSI) showed an uptick, indicating increased buying pressure and potential strength in MATIC’s price movement. Related Reading: Stellar (XLM) Takes Investors By Surprise With 23% Rally However, the report also highlighted a concerning aspect of MATIC’s price trend. The gap between the 20-day Exponential Moving Average (EMA) and the 55-day EMA was widening, raising red flags among traders and market observers. A significant and increasing gap between these two EMAs could suggest a potential loss of short-term momentum and might indicate a more prolonged downtrend for the token’s price. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from The Daily Hodl<\/p>\n","protected":false},"author":557,"featured_media":540688,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,1144,8686,86442,83584,4735],"class_list":["post-540683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-btcusd","tag-ethusd","tag-matic-price","tag-polygon","tag-price-action"],"acf":[],"yoast_head":"\nPolygon 2.0 Upgrade - Potential Bullish Implications For MATIC?<\/title>\n<meta name=\"description\" content=\"Polygon (MATIC) has recently made a significant announcement, unveiling the architecture of its highly anticipated Polygon 2.0. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Polygon 2.0 Upgrade – Potential Bullish Implications For MATIC Price?","url":"http:\/\/wncen.com\/news\/polygon-2-0-upgrade-potential-bullish-implications-for-matic-price\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/polygon-2-0-upgrade-potential-bullish-implications-for-matic-price\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/a-4.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/a-4.png?fit=847%2C451"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","btcusd","ethusd","matic price","polygon","price action"],"dateCreated":"2023-07-01T09:17:20Z","datePublished":"2023-07-01T09:17:20Z","dateModified":"2023-07-01T09:17:20Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Polygon 2.0 Upgrade – Potential Bullish Implications For MATIC Price?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/polygon-2-0-upgrade-potential-bullish-implications-for-matic-price\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/polygon-2-0-upgrade-potential-bullish-implications-for-matic-price\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/a-4.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/a-4.png?fit=847%2C451\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"btcusd\",\"ethusd\",\"matic price\",\"polygon\",\"price action\"],\"dateCreated\":\"2023-07-01T09:17:20Z\",\"datePublished\":\"2023-07-01T09:17:20Z\",\"dateModified\":\"2023-07-01T09:17:20Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/a-4.png?fit=847%2C451","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/540683"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=540683"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/540683\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/540688"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=540683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=540683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=540683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}