MATIC holders looking for a sign to accumulate may want to read this

• MATIC’s price surged slowly but steadily in the after hours of Polygon’s latest announcement.
• At the time of writing, MATIC’s long/short ratio favored the stance of long-term holders over short-term holders.

Recovery is the word of the week, especially considering the standing of most cryptocurrencies in the market. And this wasn’t only because the prices of most tokens witnessed a surge. The number of announcements and developments also have to be taken into consideration.

Polygon [MATIC], at press time, was exchanging hands at $0.52 and traded 2.29% higher in the last 24 hours and 0.06% higher over the last hour. MATIC’s improving price could be a result of its latest announcement.

Change is the way forward
Polygon, on 14 September, announced the implementation of Polygon 2.0. Furthermore, 3 Polygon Improvement Proposals (PIPs) were also released.

The tweet by Polygon also stated the change of the token name to POL from MATIC. So how was…