Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The Polygon Network recently underwent a technical upgrade to migrate their native token from MATIC to POL. Following the migration, the new token\u2019s price struggled to gain momentum, failing to reclaim the $0.39 resistance level. However, Binance\u2019s recent listing of POL has pumped its price above key levels. Related Reading: POPCAT Jumps 20% As Whales Load Their Bags, Is A \u2018Cat Season\u2019 Ahead? Binance Completes Polygon Token Migration On Friday morning, global exchange Binance completed the token migration from MATIC to POL. The exchange had stated it would support Polygon\u2019s token swap by delisting all MATIC trading pairs and suspending deposits and withdrawals on September 10. Additionally, the platform revealed it would add POL spot trading pairs on September 13, at 10:00 (UTC). The pairs included POL\/BNB, POL\/BRL, POL\/BTC, POL\/ETH, POL\/EUR, POL\/FDUSD, POL\/JPY, POL\/TRY, POL\/USDC, and POL\/USDT. Polygon\u2019s token migration on September 4 marked a \u201ccritical juncture\u201d for the network, aiming to enhance utility and align with \u201cthe vision as an aggregated network of blockchains.\u201d The upgrade seeks to improve the platform\u2019s tokenomics to make it more attractive for users and validators. Moreover, POL will serve as a \u201chyperproductive token,\u201d acting as the native gas and staking token on Polygon and supporting its \u201cfuture expansion and security as an aggregated network.\u201d After delisting MATIC, Binance announced the completion of the token swap, listing Polygon\u2019s new token on Friday. The global exchange also unveiled that POL would be added to Binance Simple Earn, “Buy Crypto”, and Binance Convert. Binance Margin and futures services would also become available for POL investors on September 13. Meanwhile, Binance Auto-Invest will be available on September 16 at 10:00 (UTC). POL Price’s Parabolic Surge Following its listing on Binance, Polygon\u2019s new token saw a massive surge. POL had been hovering between the $0.38-$0.35 price range since September 3, edging close to its all-time low (ATL) of $0.345 registered over a month ago. Despite Polygon\u2019s upgrade, the token struggled to break above the $0.39 resistance level, worrying investors and market watchers. However, POL jumped 17.3% on Friday, breaking above the $0.4 mark for the first time in ten days. The token also saw a massive increase in daily activity, seemingly fueled by the listing. POL registered a daily trading volume of $135 million, soaring 700% in the last 24 hours. Its market capitalization also surged 17%, hitting the $3.16 billion mark on Friday morning. Some market watchers noted POL\u2019s performance, praising Polygon\u2019s upgrade. DeFi analyst DeFyist considered Polygon\u2019s the \u201cfirst successful big token migration we\u2019ve seen in a while.\u201d To the analyst, the upgrade displayed why \u201cnew charts are more important\u201d as the token was \u201clifted on the fresh perp listing\u201d despite the spot migration having happened already. Related Reading: Failed Solana Token Scheme? Hacker Targets 2.6 Million Indian Cricket Fans With X Scam Another pseudonym analyst considered it an \u201cexample of why a \u2018new chart\u2019 matters.\u201d To Cilinix, if the token successfully reclaims the $0.44 resistance level, it could be up for a bullish run. As of this writing, POL is trading at $0.433, a 16.6% surge in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":609187,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10768,84195,91790,26263,10923,40670,92779,89389,93028,83584,90093,88624],"class_list":["post-641866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance","tag-binance-crypto-exchange","tag-binance-listing","tag-crypto-analyst","tag-crypto-market","tag-matic","tag-matic-token-migration","tag-pol","tag-polusdt","tag-polygon","tag-polygon-network","tag-polygon-upgrade"],"acf":[],"yoast_head":"\n
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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. In summary, Rubmar seeks to present entertaining and educational pieces to be enjoyed by everybody, aiming to report on the latest news and offer a unique perspective while adding a meme or a pun whenever possible.","url":"https:\/\/www.uniquehot.com\/author\/rubmargarcia\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Polygon Soars 16.6% As Binance Completes MATIC To POL Transition","url":"http:\/\/www.uniquehot.com\/news\/polygon-soars-16-6-as-binance-completes-matic-to-pol-transition\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.uniquehot.com\/news\/polygon-soars-16-6-as-binance-completes-matic-to-pol-transition\/"},"thumbnailUrl":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/05\/bing-hui-yau-crdXa0op5bI-unsplash.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/05\/bing-hui-yau-crdXa0op5bI-unsplash.jpeg?fit=1920%2C1080"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Rubmar Garcia"}],"creator":["Rubmar Garcia"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["binance","binance crypto exchange","binance listing","crypto analyst","crypto market","matic","matic token migration","pol","polusdt","polygon","polygon network","polygon upgrade"],"dateCreated":"2024-09-14T05:30:50Z","datePublished":"2024-09-14T05:30:50Z","dateModified":"2024-09-14T05:30:50Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Polygon Soars 16.6% As Binance Completes MATIC To POL Transition\",\"url\":\"http:\\\/\\\/www.uniquehot.com\\\/news\\\/polygon-soars-16-6-as-binance-completes-matic-to-pol-transition\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.uniquehot.com\\\/news\\\/polygon-soars-16-6-as-binance-completes-matic-to-pol-transition\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/bing-hui-yau-crdXa0op5bI-unsplash.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/bing-hui-yau-crdXa0op5bI-unsplash.jpeg?fit=1920%2C1080\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Rubmar Garcia\"}],\"creator\":[\"Rubmar Garcia\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"binance\",\"binance crypto exchange\",\"binance listing\",\"crypto analyst\",\"crypto market\",\"matic\",\"matic token migration\",\"pol\",\"polusdt\",\"polygon\",\"polygon network\",\"polygon upgrade\"],\"dateCreated\":\"2024-09-14T05:30:50Z\",\"datePublished\":\"2024-09-14T05:30:50Z\",\"dateModified\":\"2024-09-14T05:30:50Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/05\/bing-hui-yau-crdXa0op5bI-unsplash.jpeg?fit=1920%2C1080","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts\/641866"}],"collection":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/users\/614"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/comments?post=641866"}],"version-history":[{"count":2,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts\/641866\/revisions"}],"predecessor-version":[{"id":641872,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts\/641866\/revisions\/641872"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/media\/609187"}],"wp:attachment":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/media?parent=641866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/categories?post=641866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/tags?post=641866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Polygon\"](\"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/09\/POLUSDT_2024-09-13_09-51-53.png?w=860&resize=860%2C460\")