However, holders of Ethereum and centralized exchanges (CEXs) may take some action before the upgrade is applied to their wallet as some dApps may integrate the upgrade smart contract with their user interface. Related Reading: Crypto Crash: $320 Million Wiped Out As Bitcoin And Ethereum Nosedive Downward Trajectory May Halt On $0.43, Stabilizing Within The Coming Weeks As of writing, MATIC’s downward trajectory forced the token to touch $0.43 in the short term as the bears continue to wreak havoc in the market.
Despite MATIC’s poor performance in the last couple of days, Polygon continues to innovate, cementing its position within the crypto community. Polygon Releases New Details About Network Upgrade According to Polygon’s official X post, the MATIC upgrade to POL will yield benefits, including new features that improve the network’s usability and security.
MATIC, Polygon’s native token, has suffered greatly from the recent bearish market sentiment that spread within the past couple of days. Related Reading: FET: On-Chain Development Fuels 44% Surge In Just A Week According to CoinGecko, MATIC has fallen 18% since last week, marking a big slash on the token’s upward trajectory.
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