Polygon POL Drops 4% Amid Node Bugs – Price Outlook & Staking Opportunities

polygon

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  • POL dropped 4% due to RPC node issues, but the blockchain remains operational.
  • POL shows strong monthly momentum with potential upside to $0.33.
  • Snorter Bot offers advanced trading tools, raising $3.8M in presale.

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Polygon (POL), the native cryptocurrency of the Polygon blockchain, fell 4% today as users experienced delays caused by node bugs. The outage disrupted some Remote Procedure Call (RPC) services, affecting dApps and causing daily trading volume to drop 17%. Despite these setbacks, the core blockchain remained operational, continuing to produce blocks.

Polygon confirmed that several RPC providers and validators needed to rewind to the last finalized block and resynchronize operations. Restarting affected nodes has restored normal functionality for most participants, highlighting the critical connection between node consensus and user access. The network issue follows the Heimdall v2 mainnet upgrade in July, marking the first significant disruption since the update.

POL Price Momentum Remains Intact

Despite today’s pullback, POL’s monthly chart shows a 13% rally, largely driven by gains after September 1. Technical analysis indicates that POL is trading within an ascending channel, forming higher highs and higher lows since July. Current projections suggest potential upside toward the $0.32–$0.33 range, representing a possible 20% gain from today’s price of $0.27.

The recent network upgrade from MATIC to POL, finalized on September 3, allows native staking directly on Ethereum, enabling users to earn validator rewards. This transition is seen as a long-term positive for the Polygon ecosystem, bolstering investor confidence despite short-term disruptions.

Also Read: Polygon (POL) Price Breakout: Can Bulls Push Past $0.30 Toward $0.36?

Snorter Bot Shakes Up Crypto Trading

Meanwhile, the Telegram-based Snorter Bot is gaining attention in the crypto space. Powered by Solana, the bot offers scam detection, copy trading, and MEV protection, allowing users to navigate high-risk markets safely. Its native token, SNORT, boasts a 122% staking APY and has raised $3.8 million in its presale. Early supporters can join before the bot’s full market launch, promising an innovative approach to decentralized trading.

Short-Term Setbacks, Long-Term Opportunities

While Polygon’s recent node bug caused a temporary dip in POL’s price and trading activity, the network remains strong and continues to offer staking incentives. Combined with the broader crypto innovations like Snorter Bot, investors have both cautionary signals and growth opportunities to monitor in the coming weeks.

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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.