POL price soars 10% ahead of Heimdall v2 upgrade; what’s next?

Polygon is in the limelight on Wednesday as the broader cryptocurrency market displayed bullish momentum. POL led today’s gainers with a 10% surge, driven by increased excitement ahead of the Heimdall v2 upgrade, scheduled for the 10 July 2025 release. Polygon CEO Sandeep Nailwal announced the upcoming consensus layer hard fork, which is the most significant update since the network went live in 2020. He said : We’ve been on a shipping spree – and next up is Polygon PoS’s consensus layer, Heimdall v2, landing 10 July 2025. This is the most technically complex hard fork Polygon PoS has seen since its launch in 2020. With developers, users, and the broader Polygon ecosystem waiting for a massive impact, attention has shifted to native POL. The alt has gained over 10% as bullish sentiments dominate ahead of the historic upgrade. The CEO warned about a potential 3-hour lag during the migration window. While that could trigger bearish price actions, POL seems poised for significant rallies. The current value places prices at a crucial resistance between $0.20 and $0.22. A potential breakout might catalyze a 70% rally to the crucial resistance at $0.35. The Heimdall v2; what is it all about? Heimdall is among the key systems that keep Polygon’s PoS (proof-of-stake) chain operating. Meanwhile, its initial design utilized outdated tech, which has lost value in the fast-paced blockchain industry. Tomorrow’s v2 update will upgrade Heimdall’s framework to CometBFT + Cosmos SDK v0.50 from Tendermint + Cosmos SDK v0.37. Precisely, Heimdall v2 will remove the outdated code that has slowed down progress over the past years. It clears the path for future enhancements while guaranteeing a faster and smoother experience for day-to-day users. Transaction finality dips to 5 seconds One of the significant changes in the upcoming upgrade is reducing the time transactions take to process. The Polygon PoS chain’s finality will drop to roughly 5 seconds after the hard fork. That means users will enjoy faster confirmations that the transferred assets are locked and unalterable. Besides improving speed, Heimdall v2 will enhance cross-chain bridge security while reducing block reorgs (reorganizations). Also, it promises a better user experience for decentralized applications and wallets. Quicker checkpoints and fewer reorgs will help dApps process transactions securely and more efficiently. POL price outlook The alt trades at $0.2057 after gaining more than 10% the previous day. POL’s 24-hour trading volume has increased by 50%, signaling amplified investor enthusiasm. Chart by Coinmarketcap However, bulls should overcome the key resistance between $0.20 and $0.22. Overcoming this hurdle could trigger remarkable rallies to $0.35. That would mean an approximately 70% rally from Polygon’s current market price. Nonetheless, selling pressure around $0.20 – $0.22 will delay the possible surge. That might trigger notable sideways or price dips. Broad market sentiments amid the Heimdall upgrade will also influence POL’s trajectory. The post POL price soars 10% ahead of Heimdall v2 upgrade; what’s next? appeared first on Invezz

Source: Invezz