CandleFocus Polygon News: MATIC and POL Prices Jump as Coinbase Addresses Transaction Delays
2024-09-18
Author: Content Editor
Coinbase recently announced a fix for transaction delays on the Polygon network, causing the prices of MATIC and POL to surge by over 2%. The previous market performance of MATIC has been bearish, with a decline of over 10% in the past month. The migration from MATIC to POL for gas fees is believed to have contributed to this decline. Although Coinbase's fix has improved the situation, degraded performance for Polygon transactions remains. However, the quick resolution has eased concerns and led to the price surge of MATIC and POL. Coinbase's commitment to user experience and the introduction of the POL token have also positively impacted market sentiment. Currently, MATIC is trading at $0.387 and POL has reflected a similar gain.
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