Polygon gears up for Indore hard fork as exciting developments unfold

AMBCrypto
AMBCrypto

30 Jun 2023 3:30 AM

Polygon prepares for the highly anticipated Indore hard fork while its on-chain metrics impress. Meanwhile, MATIC experiences a positive trend, igniting optimism in the market....

  • Polygon is preparing for a hard fork upgrade called Indore, set to occur at block height 44,934,656.
  • The Indore hard fork will address a state sync bug and improve the network experience.
  • Polygon's activity shows mixed reactions, with consistent volume but minimal fluctuations in Total Value Locked (TVL).
  • The number of active users on Polygon remains high, indicating a loyal community.
  • The Polygon zKEVM has seen an increase in volume and TVL.
  • MATIC, the native token of Polygon, has exhibited a positive trend with a 2.75% increase in value.
  • The Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) suggest a fading bear trend for MATIC.

The sentiment in the article is generally positive. There is excitement about the upcoming hard fork upgrade on Polygon and the potential enhancements it will bring. The positive trend in MATIC's value and the fading bear trend indicate a favorable market sentiment.

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You May Ask

What is the upcoming hard fork on Polygon called?What issue will the Indore hard fork address?How has Polygon's activity been recently?What is the current Total Value Locked (TVL) on Polygon?What is the market sentiment surrounding MATIC?

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