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Coinbase has added Ethereum (ETH) layer-2 Polygon’s yet-to-be-launched native token to its listing roadmap. Making the announcement via social media platform X, the top US crypto exchange says it has placed Polygon’s POL on its listing roadmap, which the exchange created in 2022 for the purpose of transparency and to prevent front-running of token listings. POL is the upcoming rebrand of Polygon’s MATIC, which is slated for launch on September 4th, according to Polygon Labs. MATIC will ultimately be replaced by POL as the native gas and staking token for Polygon in the initial phase of the transition. In subsequent phases, the community will decide whether to expand the utility of POL. The token rebrand was first proposed last July as a means of supercharging the growth of the network. Weeks later, Polygon Labs founder Sandeep Nailwal explained that the proposal was a part of the blockchain’s transition to Polygon 2.0. Say the developers, “In ...

Polygon ( MATIC ), a popular Layer-2 scaling solution for Ethereum, has been underperforming massively in the cryptocurrency market, according to a recent tweet by prominent crypto analyst Michaël van de Poppe. The analyst described the MATIC chart as “absolutely disgraceful” and suggested that there might be better investment opportunities available in the market. Request 02 – $MATIC Absolutely disgraceful chart on $MATIC. Underperforming massively. Might be interested if it drops another 30% to see whether it rotates from there, but I would suggest there are better opportunities out there. pic.twitter.com/5fRmRj1aOC — Michaël van de Poppe (@CryptoMichNL) April 23, 2024 Van de Poppe stated that he might consider investing in MATIC if it drops another 30%, as this could potentially indicate a price rotation. However, the question remains: Can MATIC hit the $1 mark by the end of April? Also read: Cryptocurrency: Top 3 AI Coins to Watch For Double Di...