Polygon to Replace MATIC with POL Token, Price Impact Analysis

full version at coinedition

MATIC’s shift to POL token could streamline operations, impacting both efficiency and investor sentiment.
Short-term price volatility expected as MATIC hovers near critical support levels and faces resistance.
Long-term projections see MATIC potentially reaching $17.41 by 2050, driven by market dynamics and adoption.

Polygon (MATIC) is set for a transformation as it prepares to migrate to its new native token, POL, starting September 4th. This transition marks a pivotal moment for Polygon enthusiasts and investors alike, signaling a shift in how transactions and staking will operate within the Polygon Proof-of-Stake (PoS) framework.

The upgrade from MATIC to POL will see the latter assume the role of the primary gas and staking token on the Polygon PoS network. This change is expected to streamline operations and enhance efficiency across the network, offering new opportunities and challenges for token holders and stakeholders.

Notably, holders of MATIC on Ethereum, Polygon’s zkEVM, and various exchanges, as well as stakers and delegators, will need to take action to adapt to the new token dynamics.