Source: CoinEdition
Original Title: Can Polygon (POL) Price Rally as Madhugiri Hardfork Goes Live Tomorrow?
Original Link: https://coinedition.com/can-polygon-pol-price-rally-as-madhugiri-hardfork-goes-live-tomorrow/
Key Highlights
Upgrade boosts Polygon network throughput by an estimated thirty three percent.
Developers can change block times without future disruptive hardforks.
POL trades near support with short term resistance at the $0.13 level.
Polygon (POL) is scheduled to execute a critical network upgrade on December 9, with the Madhugiri Hardfork set to trigger at block height 80,084,800 (approx. 10:00 UTC). Developers position this as a structural overhaul designed to scale the network’s raw throughput by 33% while future-proofing its consensus mechanism.
The hardfork introduces mechanisms that allow developers to adjust block times without requiring another hardfork. It also includes improvements to node synchronization and integrates security-focused Ethereum Fusaka EIPs, strengthening Polygon’s core infrastructure.
What the Upgrade Enables
According to the Polygon team, the Madhugiri Hardfork will deliver:
A 33% increase in network throughput
Ability to change block times in the future without disruptive upgrades
Faster and more reliable node synchronization for better network stability
Proactive EVM security enhancements through Fusaka-related updates
Market Performance Ahead of the Upgrade
Despite the upcoming upgrade, Polygon’s token POL has been trading lower. As of now, POL is priced at $0.1222, down slightly on the day, with a market cap of about $1.29 billion.
While some networks see price rallies ahead of major upgrades, POL has struggled compared to the broader market. Polygon often moves in close correlation with Ethereum, which is also facing downward pressure.
There are predictions that POL might revisit lower support levels near $0.10–$0.11 region, before a recovery.
In the next 24 to 48 hours, the price may attempt to retest $0.13. If POL breaks above $0.13 with stronger-than-usual volume, it could move toward $0.15.
Looking ahead 3 to 6 months, charts show resistance near $0.20, with a medium-term target around $0.18, similar to Polygon’s past post-upgrade consolidation patterns.
Will the Hardfork Influence Price?
Historically, Polygon’s updates have not always led to immediate price reactions. Instead, gains tend to appear when upgrades deliver visible improvements in network usage, developer activity or transaction demand.
The Madhugiri Hardfork focuses on long-term scaling rather than short-term user-facing changes. Because of this, experts say the upgrade may not trigger a strong price move immediately but could strengthen Polygon’s position for future growth.
If Ethereum stabilizes and market sentiment improves, POL could benefit from both the upgrade and broader crypto recovery.
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Can Polygon (POL) Price Rally as Madhugiri Hardfork Goes Live Tomorrow?
Source: CoinEdition Original Title: Can Polygon (POL) Price Rally as Madhugiri Hardfork Goes Live Tomorrow? Original Link: https://coinedition.com/can-polygon-pol-price-rally-as-madhugiri-hardfork-goes-live-tomorrow/
Key Highlights
Polygon (POL) is scheduled to execute a critical network upgrade on December 9, with the Madhugiri Hardfork set to trigger at block height 80,084,800 (approx. 10:00 UTC). Developers position this as a structural overhaul designed to scale the network’s raw throughput by 33% while future-proofing its consensus mechanism.
The hardfork introduces mechanisms that allow developers to adjust block times without requiring another hardfork. It also includes improvements to node synchronization and integrates security-focused Ethereum Fusaka EIPs, strengthening Polygon’s core infrastructure.
What the Upgrade Enables
According to the Polygon team, the Madhugiri Hardfork will deliver:
Market Performance Ahead of the Upgrade
Despite the upcoming upgrade, Polygon’s token POL has been trading lower. As of now, POL is priced at $0.1222, down slightly on the day, with a market cap of about $1.29 billion.
While some networks see price rallies ahead of major upgrades, POL has struggled compared to the broader market. Polygon often moves in close correlation with Ethereum, which is also facing downward pressure.
There are predictions that POL might revisit lower support levels near $0.10–$0.11 region, before a recovery.
In the next 24 to 48 hours, the price may attempt to retest $0.13. If POL breaks above $0.13 with stronger-than-usual volume, it could move toward $0.15.
Looking ahead 3 to 6 months, charts show resistance near $0.20, with a medium-term target around $0.18, similar to Polygon’s past post-upgrade consolidation patterns.
Will the Hardfork Influence Price?
Historically, Polygon’s updates have not always led to immediate price reactions. Instead, gains tend to appear when upgrades deliver visible improvements in network usage, developer activity or transaction demand.
The Madhugiri Hardfork focuses on long-term scaling rather than short-term user-facing changes. Because of this, experts say the upgrade may not trigger a strong price move immediately but could strengthen Polygon’s position for future growth.
If Ethereum stabilizes and market sentiment improves, POL could benefit from both the upgrade and broader crypto recovery.