Polygon price

📰 News and Market Updates 📰 Polygon's Heimdall 2.0 upgrade is set to go live on July 10, sparking investor confidence and potentially driving up MATIC's price. Current price: $0.202112, with a 7% increase in the last 24 hours. Meanwhile, Solana's partnership with Bullish has led to a 1.7% price surge, with SOL currently trading at $154.75. Bitcoin holders are accumulating the cryptocurrency, breaking typical patterns, which could lead to a surge in demand and drive up the price. Current price: $109,714. Stellar's XLM token has surged 10.3% and Polygon's POL has risen 6.7%, with all assets in the CoinDesk 20 trading higher. Ripple's RLUSD stablecoin has reached a $500 million market cap in less than seven months, sparking positive market sentiment. Keep an eye on these tokens as the market continues to evolve. Not watching BONK, too much volatility. Watching MATIC and SOL closely, potential for growth.

Polygon’s Proof-of-Stake (PoS) network will undergo a major consensus upgrade with the rollout of Heimdall v2 on July 10. Sandeep Nailwal, Polygon’s co-founder, described it as the most technically advanced hard fork the chain has undertaken since its launch in 2020. Following the announcement, the network’s native token, POL, gained nearly 10% within 24 hours, climbing to its highest level in a month at around $0.20. Polygon’s Heimdall update Heimdall v2 replaces the original Heimdall client, modernizing Polygon’s validator management system and improving how the network syncs states between Ethereum and Polygon PoS. This is a significant shift from the legacy Tendermint + CosmosSDK setup to the newer CometBFT + CosmosSDK architecture. The upcoming migration follows successful testing on the Amoy testnet on June 24. Nailwal stated that the upgrade clears out the technical debt from Heimdall’s earlier build, originally based on frameworks from 2018 and 2019. With Heimdall v2, Polygon expects major performance gains. Finality time is set to drop from 90 seconds to just 4–6 seconds. Block times will also shrink from roughly 5–6 seconds to around 2 seconds, paving the way for a much smoother user experience. Nailwal said the upgrade will unlock faster checkpoints and improve bridging security while laying the groundwork for future enhancements. He also warned of a possible three-hour delay in checkpoint finality during the migration period. He also urged decentralized applications to increase confirmation thresholds to 256 blocks for the day, as rare chain reorganizations could still occur. The transition will carry over application data, balances, accounts, supply metrics, and past milestones. However, Heimdall v2 will launch with a new chain ID and its own genesis block, based on the final state of Heimdall v1. Blockchain history will not be transferred during the upgrade. Bhilai hardfork This impending upgrade builds on the Ethereum layer-2 network’s recent Bhilai hardfork, which helped the network achieve the 1,000 transactions per second milestone. Speaking on this update, Nailwal said: “This hardfork accelerates capacity, allowing money flow on Polygon to move even faster, and support the next wave of onchain payments and RWAs. It also enables significant improvement for account abstraction via Ethereum’s Pectra upgrade, EIP-7702.” The post Polygon surges 10% ahead of Heimdall v2 upgrade appeared first on CryptoSlate.

The post POL (prev. MATIC) Breaks Out: Is It Time to Go Long? appeared first on Coinpedia Fintech News The recent surge in the price of POL, previously known as MATIC, has caught the attention of both retail investors and long-term traders. With the price breaking above a key resistance zone ahead of the highly anticipated Heimdall upgrade, the market sentiment is shifting. With this, the question arises whether the current breakout can be considered as a genuine opportunity to take up long or just a short-term upswing. One of the key bullish catalysts behind POL’s breakout is the upcoming Heimdall v2 upgrade, scheduled to go live on July 10, 2025. This is the most comprehensive technical upgrade to Polygon PoS since its mainnet launch, completely overhauling the chain’s consensus mechanism. What Does Heimdall v2 Do? Migrates the consensus layer from the outdated Tendermint + Cosmos-SDK v0.37 to CometBFT + Cosmos-SDK v0.50 Reduces transaction finality from ~90 seconds to just 4–6 seconds Increases block processing speed to ~2-second intervals Cleans up legacy code, enabling faster development and future integrations Improves bridging reliability, with near-instant checkpoint confirmations This upgrade is not just cosmetic—it’s core to Polygon 2.0’s vision of achieving thousands of transactions per second via AggLayer architecture. For dApps, users, and validators, Heimdall v2 lays the groundwork for a faster, more secure, and enterprise-grade Polygon network. Why POL’s Long-Term Value is Rising Beyond the technical chart setup and upcoming upgrade, POL is fundamentally transforming into a high-utility asset within the Polygon ecosystem. In parallel with the Heimdall v2 upgrade, the migration from MATIC to POL has crossed key milestones: 85%+ of MATIC holders have migrated to POL Validator activity is up as POL becomes central to governance and staking Developer interest is growing, driven by better tooling and documentation post-upgrade This signals rising confidence in the protocol’s long-term utility and positions POL as a foundational token for the Polygon ecosystem moving forward. POL Price Breakout Attempt in Motion POL has recently moved above the $0.19 resistance area with a notable uptick in trading volume. The token is now attempting to flip its 20-day and 50-day moving averages into support, a classic reversal indicator in crypto price action. Although the short-term oscillators show strength, longer-term moving averages are still flashing caution, suggesting that traders should wait for confirmation before opening aggressive long positions. The POL price has risen above the descending parallel channel while the CMF has risen above 0, hinting towards a rise in the money inflow. However, the DMI has reached an interesting juncture where the +di & -di have undergone a bullish crossover, and the ADX has been forming consecutive higher highs and lows. Therefore, if the POL price closes the day’s trade above the channel, the bulls may push the price towards the next target at $0.25. However, the possibility of such a rise seems to be unlikely considering the current price action.  The token is facing heavy resistance zones between $0.20 and $0.20-$0.46 due to prior accumulation. Besides, if the Heimdall v2 experiences post-fork bugs and validator lag, sentiment may turn bearish. Besides, broader market weakness or Bitcoin volatility could invalidate POL’s breakout. 

market check: @aave launches on aptos, marking its first non-evm expansion. social buzz surging as @defiignas notes they're now 10x $comp's mcap. price follows with +5% @0xpolygon heimdall v2 dropping tomorrow - biggest technical upgrade since 2020 per @sandeepnailwal. $pol up 10% housecoin -90%. oof.

#58 • POL (ex-MATIC) ══════════════ $POL $𝟬.𝟮𝟬𝟰𝟯 🟢🟢 +9.7% #MC $𝟭.𝟴𝗕 #FDV $𝟮.𝟭𝗕 1.2 MC #TVL $𝟭.𝟭𝗕 0.6 MC 🔴 -2.9% #VOL $𝟭𝟬𝟳.𝟰𝗠 0.1 MC