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According to a blog post, Bitfinex will receive 90 million MATIC for the new staking program. Polygon is a "layer 2" scaling tool for the Ethereum blockchain, designed to speed up and reduce the .
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MATIC to become deflationary with Polygon's EIP-1559 upgrade
The Polygon team stated, “The burning is a two-step affair that starts on the Polygon network and completes on the Ethereum network.” The team stated that, just like Ethereum, the supply of MATIC is likely to become deflationary with 0.27% of the total supply being burnt every year according to estimations.
Polygon (MATIC) Is At Risk Of Trend Reversal
Polygon (MATIC) Search Trends. There is a correlation between price appreciation and public interest in cryptocurrencies, such as Polygon. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency.
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Polygon to Delegate $189M Worth of MATIC to Bitfinex for Staking
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Polygon can now burn MATIC with the introduction of Ethereum .
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Lark Davis, a crypto analyst and YouTuber, commented on MATIC's implementation of EIP-1559. Davis believes that the hard fork is a significant update to the Polygon network.
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Here’s How High Polygon (MATIC) Could Soar in 2022 and Beyond .
At time of writing, the price is MATIC flat on the day at $2.08. The altcoin ripped from $0.02 a year ago to an all-time high of $2.70 back in May. “Polygon is a beast. It’s ranked number 14 right now. It’s bigger than Algorand and Chainlink… This could very easily be a top-10 crypto.”
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Polygon (MATIC) News NewsNow brings you the latest news from the world’s most trusted sources on Polygon (MATIC). NewsNow aims to be the world’s most accurate and comprehensive Polygon (MATIC) news aggregator, bringing you the latest headlines automatically and continuously 24/7.
MATIC is trying to rebound after the recent pullback, but the technical picture looks dangerous despite recent positive developments on the fundamental front. MATIC Failed To Move HigherDespite.