On February 21, the Matic Foundation obtained 273 million MATIC (about $253 million) from the deal with Entitlement contract.
11 euros, 2.73 euros $MATIC($253 million) from Matic 归属合约转入 Matic 基金会地址.
Matic has grow to be the perfect participant on the earth. $MATIC Thank you very a lot.https://t.co/btJelj0cBZ pic.twitter.com/PS7YBmoCOs
- 余烬 (@EmberCN) February 22, 2024
This was the final issuance of tokens for the venture, and now the circulating provide of the coin has reached a most of 10 billion MATIC.
in line with Queen GekkoAt the time of writing, the digital asset market cap is US$8.9 billion with a day by day buying and selling quantity of US$693 million.
MATIC is buying and selling at $0.975, having risen almost 10% over the previous week.
A technical analyst nicknamed “Ali” famous that the foreign money is exhibiting “promising signs in the long term.”
#ribbed It exhibits promising indicators from a long-term perspective. The prevailing sample seems to be a multi-year symmetrical triangle.
if $MATIC If it could possibly preserve a detailed above $0.96, it may sign the beginning of an upside rally, with a possible goal at $1.73! pic.twitter.com/qjgn6sN1oV
- Ali (@ali_charts) February 21, 2024
According to his evaluation, MATIC has nearly crossed the higher restrict of the “multi-year” symmetrical triangle. Ali mentioned that if the token can maintain above $0.96, it might be an indication of the beginning of a rally with a possible goal at $1.73.
A cryptocurrency dealer below the pseudonym Elodie additionally drew consideration to MATIC breaking the higher resistance line. According to him, the uptrend was additionally confirmed by the 100-day transferring common.
#MATIC The breakout was confirmed with a weekly shut!
The uptrend is supported by the 100-day transferring common!
Watch the Ichimoku Cloud for potential bullish rally! 🚀#CryptoNews #bullish alert #Dior #NFA pic.twitter.com/UKssvj2N0I
- Elodie (@Elodie_de) February 19, 2024
In the autumn of 2023, the Polygon Labs crew carried out a sensible contract on the Ethereum mainnet for the brand new Polygon Ecosystem Token (POL), which goals to switch MATIC.
The concept of launching a brand new foreign money was first floated in mid-July as a part of the Polygon 2.0 replace. The fundamental objective of the initiative is to make sure scalability of the community with out compromising safety.
POL additionally paves the way in which for different features of the Polygon 2.0 roadmap, together with making a separate storage layer, upgrading the present PoS mechanism to zkEVM-2, and creating a standard liquidity protocol.
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