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Polygon's MATIC token faces challenges amid launch of Polygon 2.0 testnet and departure of co-founder

Polygon's native token, MATIC, saw a 16.4% increase in value following the launch of Polygon 2.0 Goreli testnet on October 4th. However, the token's value declined by 10.6% over the six days leading up to October 10th due to resistance at $0.60, negative news regarding the departure of a key co-founder, and weak activity in Polygon's zero-knowledge rollup subnet.

Polygon Polygon $0.45
+0.82%
Polygon MATIC
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