Polygon (MATIC) rally involves an finish as rivals devour market share

Polygon’s native token (MATIC) skilled a 16.4% rally that coincided with the launch of Polygon 2.0 Goreli testnet on Oct. 4. Nevertheless, the resistance at $0.60 proved stronger than anticipated and was adopted by a ten.6% decline over the six days main into Oct. 10.

This decline was exacerbated by detrimental information concerning the departure of a key co-founder and weak exercise in Polygon’s zero-knowledge rollup (ZK-rollup) subnet.

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