{"id":567653,"date":"2024-08-22T07:10:01","date_gmt":"2024-08-22T07:10:01","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=567653"},"modified":"2024-08-22T07:10:01","modified_gmt":"2024-08-22T07:10:01","slug":"polygon-price-prediction-matic-surges-14-after-coinbase-announces-support-for-pol-migration-as-this-layer-2-pepe-closes-on-10-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/polygon-price-prediction-matic-surges-14-after-coinbase-announces-support-for-pol-migration-as-this-layer-2-pepe-closes-on-10-million","title":{"rendered":"Polygon Price Prediction: MATIC Surges 14% After Coinbase Announces Support For POL Migration As This Layer-2 PEPE Closes On $10 Million"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Polygon price surged 14% in the last 24 hours <\/span><a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0x290a6a7460b308ee3f19023d2d00de604bcf5b42\"><span style=\"font-weight: 400;\">to trade at $0.5322<\/span><\/a><span style=\"font-weight: 400;\"> as of 00:43 a.m. EST on trading volume that skyrocketed 113% to $664 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The surge comes after Coinbase announced that it will support the migration of the Polygon ticker from MATIC to POL on the Polygon Network on August 26. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">To complete the change, sending or receiving MATIC will be disabled between August 26 and September 10.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Starting 8\/26, we will be migrating the Polygon ticker from MATIC to POL on the Polygon Network. Between 8\/26 and 9\/10, send\/receive will be disabled for MATIC on the Polygon Network in order to successfully complete the ticker change from MATIC to POL. Here is what to expect:<\/p>\n<p>&mdash; Coinbase Assets &#128737;&#65039; (@CoinbaseAssets) <a href=\"https:\/\/twitter.com\/CoinbaseAssets\/status\/1826296238892863513?ref_src=twsrc%5Etfw\">August 21, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">On September 4, MATIC will transition to POL. POL will replace MATIC as the native gas and staking token for Polygon proof of stake (PoS).<\/span><\/p>\n<h2>Polygon Price To Continue Surging<\/h2>\n<p><span style=\"font-weight: 400;\">The Polygon price has been on a downtrend in August, as it dropped from the $0.528 resistance, and found support around $0.396, according to data from <\/span><a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0x290a6a7460b308ee3f19023d2d00de604bcf5b42\"><span style=\"font-weight: 400;\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The bulls then used the support, with the price of Polygon soaring back to its resistance in the last two days, forming a rounding bottom pattern.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">MATIC bulls aim to capitalize on the rounding bottom to sustain the rally, with the price of Polygon now trading above both the 50-day and 200-day Simple Moving Averages (SMAs).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI) also supports the bullish stance, as it soars past the 70-overbought region, currently at 85. The RSI shows that the asset is under intense buying pressure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, the Moving Average Convergence Divergence (MACD) trades above the neutral line, showing that the asset is on an uptrend. The blue MACD line is crossing above the orange signal line, forming a bullish crossover.<\/span><\/p>\n<figure id=\"attachment_567658\" aria-describedby=\"caption-attachment-567658\" style=\"width: 1255px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-567658 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Uniswap-V3-_GeckoTerminal.com_MATIC_2024-08-22_07-43-39.png\" alt=\"Polygon Price Chart Analysis Source: GeckoTerminal.com\" width=\"1255\" height=\"508\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Uniswap-V3-_GeckoTerminal.com_MATIC_2024-08-22_07-43-39.png 1255w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Uniswap-V3-_GeckoTerminal.com_MATIC_2024-08-22_07-43-39-300x121.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Uniswap-V3-_GeckoTerminal.com_MATIC_2024-08-22_07-43-39-1024x414.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Uniswap-V3-_GeckoTerminal.com_MATIC_2024-08-22_07-43-39-768x311.png 768w\" sizes=\"(max-width: 1255px) 100vw, 1255px\"><figcaption id=\"caption-attachment-567658\" class=\"wp-caption-text\">Polygon Price Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">A bullish crossover and the RSI soaring show that the asset is bullish. If this stance continues, MATIC could soar, as the bulls now target $0.66, a 24% rise from the current price.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, with the RSI soaring past the 80 level, the asset is now overvalued. This may be a sign of a looming selling signal. If sellers take control, the price of Polygon could plunge back to the $0.46 support (200-day SMA).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As the Polygon price soars, investors are also pouring funds into a new PEPE alternative called <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/pepeunchained\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Pepe Unchained (PEPU)<\/span><\/a><span style=\"font-weight: 400;\">, which YouTube channel 99Bitcoins, with more than 706K subscribers, says could soar 100X after its launch.<\/span><\/p>\n<p><iframe title=\"Next 3 100X Potential Crypto to Buy Now?! (BIG POTENTIAL!)\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/nY8nlmVJiww?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Pepe Unchained Raises Over $9.9 Million &ndash; Best Meme Coin To Buy Now?<\/h2>\n<p><span style=\"font-weight: 400;\">Since its launch two months ago, the Pepe Unchained presale has soared past $9.9 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The massive influx of funds in a short period shows that the crypto market is seriously eyeing Pepe Unchained as the new meme coin anchor, banking on its promise to make Pepe ownership faster and cheaper with its proprietary blockchain.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As its name suggests, Pepe Unchained frees Pepe from his old, clunky Layer-1 server room on Ethereum. The project will run on its own proprietary Ethereum Layer 2 blockchain.&nbsp;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Who needs some Brain Powder?<\/p>\n<p>Pepe is gearing up for the official launch of his very own blockchain! &#128640; <a href=\"https:\/\/t.co\/kZC72UmxFy\">pic.twitter.com\/kZC72UmxFy<\/a><\/p>\n<p>&mdash; Pepe Unchained (@pepe_unchained) <a href=\"https:\/\/twitter.com\/pepe_unchained\/status\/1803856656704618843?ref_src=twsrc%5Etfw\">June 20, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Token holders can also earn passively through<\/span> <a href=\"https:\/\/insidebitcoins.com\/visit\/pepeunchained\" rel=\"nofollow\"><span style=\"font-weight: 400;\">the platform&rsquo;s staking system<\/span><\/a><span style=\"font-weight: 400;\">, which offers an annual percentage yield (APY) of 201%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can buy $PEPU tokens for $0.0092364 each. With a price hike coming in less than 2 days, buy soon to lock in the best deal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To join the presale,<\/span> <a href=\"https:\/\/insidebitcoins.com\/visit\/pepeunchained\" rel=\"nofollow\"><span style=\"font-weight: 400;\">buy $PEPU from the official website here<\/span><\/a><span style=\"font-weight: 400;\"> using ETH, USDT, or a bank card.<\/span><\/p>\n<h2>Related News<\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.linkedin.com\/pulse\/5-top-crypto-presales-2024-unveiling-most-anticipated-calsona-gxcce\/\"><span style=\"font-weight: 400;\">5 Top Crypto Presales 2024: Unveiling the Most Anticipated Opportunities! &#128640;&#128176;<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.linkedin.com\/pulse\/best-crypto-buy-now-2024-top-picks-explosive-growth-calsona-6bnie\"><span style=\"font-weight: 400;\">Best Crypto to Buy Now (2024): Top Picks for Explosive Growth! &#128640;&#128184;<\/span><\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/bitcoin-casinos\/\"><span style=\"font-weight: 400;\">Best Bitcoin Casinos for Crypto Gambling in 2024<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">PlayDoge (PLAY) - Newest ICO On BNB Chain<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/05\/playdoge.svg\" alt=\"PlayDoge\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>2D Virtual Doge Pet<\/li>\n                                                                                                    <li>Play To Earn Meme Coin Fusion<\/li>\n                                                                                                    <li>Staking &amp; 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