Polygon’s native token (MATIC) experienced a 16.4% rally that coincided with the launch of Polygon 2.0 Goreli testnet on Oct. 4. However, the resistance at $0.60 proved stronger than anticipated, and was followed with a 10.6% decline over the six days leading into Oct. 10. This decline was exacerbated by negative news regarding the departure of a key co-founder and weak activity in Polygon’s zero-knowledge (ZK) rollup subnet. Polygon (MATIC) 12-hour price, USD. Source: TradingView MATIC’s price has wiped out previous gains from the early October rally, erasing the bullish…
Read MorePolygon (MATIC) rally comes to an end as competitors devour market share
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