POL Cryptocurrency Drops 4% Amid Polygon Network Node Bugs
POL Price Decline Due to Node Bugs
- POL, the cryptocurrency of Polygon, dropped 4% amid node bugs affecting the network.
- Daily trading volume for POL decreased by 17% due to ongoing issues with consensus finality.
- Disruptions began on September 10 from a bug in Remote Procedure Call (RPC) services, impacting access for decentralized applications (dApps).
- The blockchain continued operating and producing blocks during the issue, marking its first significant problem since the Heimdall v2 upgrade in July.
- Polygon required several RPC providers to revert to the last finalized block and resynchronize.
- Restarting affected nodes resolved issues for many participants.
- Developers are focused on expediting fixes and improving communication with node operators.
- The migration from MATIC to POL was finalized on September 3, introducing native staking for POL on Ethereum.
Potential for POL Price Recovery
- POL has increased by 13% over the past month, primarily post-September 1.
- Technical momentum shows higher highs and lows since July, despite today's pullback.
- Current price remains above previous resistance levels, with projections suggesting potential gains toward $0.32-$0.33.
Snorter Bot Overview
- Snorter Bot is a Telegram-based trading bot offering advanced scam detection and copy trading features.
- Built on Solana for fast transactions, it aims to protect users from fraudulent activities.
- Its native token, SNORT, offers a staking APY of 122%, with a presale raising $3.8 million.
- Token price in presale is set at $0.1039.