Polygon (POL) Price Drops Despite Successful Native Token Upgrade, While Aave (AAVE) and Rollblock (RBLK) Surge

September is due to see huge changes throughout the altcoin ecosystem. Polygon has recently migrated its token from MATIC to POL, and Polygon investors

September promises to bring about significant shifts within the altcoin landscape. Polygon has recently completed the highly anticipated migration of its token from MATIC to POL. This move is expected to open up new possibilities for the network and pique the interest of investors. Meanwhile, Aave continues to ascend, attracting attention with its impressive performance. As the dust settles, let's delve into the details and uncover why analysts remain optimistic about these altcoins.

Polygon Price Drops Despite Successful Native Token Upgrade

After extensive discussions within the Polygon community last year, the network has officially transitioned from MATIC to POL as its native token. This change aims to bolster Polygon's utility, making it more appealing to users and investors alike.

However, following the upgrade, Polygon's price experienced a downturn, reaching its lowest point in 2024. At the time of writing, POL is valued at $0.3808. As Polygon's utility expands, analysts anticipate a corresponding increase in its price. Nevertheless, many investors are opting to sell their holdings after enduring months of price declines.

Rising Ape Coin Price Prompts Investors to Sell, Anticipating Further Drops

As the crypto market continues to experience turbulence, investors are displaying contrasting reactions. Some are choosing to sell their holdings in anticipation of further price declines, while others remain optimistic, convinced that the market will eventually rebound.

Those who are selling cite the recent price drops and the lack of substantial gains as the primary motivations for their decision. They believe that it's better to lock in whatever profits they have now rather than waiting for the market to fully recover.

On the other hand, those who are holding onto their crypto are convinced that the market will eventually turn around, leading to substantial gains. They point to the resilience of crypto over the years and its ability to bounce back from previous downturns.

Ultimately, the decision of whether to sell or hold crypto during a bear market is a personal one, influenced by each investor's financial goals, risk tolerance, and market outlook.

Sell Ape Coin Now on eToro to Benefit from Price Drops

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Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.

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