MATIC

Polygon Labs, the company responsible for the development of the Polygon ecosystem, has decided to change the name of MATIC to POL.

Matic achieved a 17% return with its upward movement initiated by encountering strong buyers. In the current technical analysis, it is observed that Matic's price is moving above the $0.70 level and the $0.74 resistance is a critical level.

Bitcoin's value rose to $30,000 a week after a drop to $24,700 following Fed Chairman Powell's June interest rate decision.

Polygon (MATIC) has announced a partnership with the largest music company in the United States, which will launch a music accelerator program.

Polygon Labs has announced its inclusion in TIME's list of the 100 most influential companies of 2023. The annual TIME 100 list, known for highlighting the world's most influential individuals, has expanded its scope to include companies that have made significant contributions to various sectors. In the 2023 edition, Polygon is featured among the prominent names that have solidified their position as a transformative force in the digital asset industry. This recognition serves as evidence of Polygon's growth and impact on the blockchain sector.

Polygon (MATIC), targeted by the SEC, seems to have regained the trust of the community with its recent announcement.

Following the SEC's actions against cryptocurrency exchanges, there have been significant drops in cryptocurrency prices. ADA, SOL, and MATIC have been particularly affected.

MATIC stood out in today's sharp drop in the cryptocurrency market. Suspected Polygon transfers may have caused the sharp drop.