Polygon (POL) is showing signs of awakening after months of dormancy. With a nearly 5% increase today, investors eagerly anticipate the future prospects of this cryptocurrency.
Polygon (POL), formerly known as MATIC, finally seems to be emerging from its slumber. After months of quiet trading, its price has surged nearly 5% to reach $0.27, sparking market enthusiasm. This rise is fueled by growing adoption and increasing network demand, pointing to a bright future for this cryptocurrency.
One of the main drivers behind this increase is the notable growth in activity on the blockchain Polygon. The number of active addresses has climbed by 25%, from 447,000 to 665,000, while daily transactions have increased by nearly 8% to reach 4 million. These figures demonstrate that an increasing number of users are placing their trust in the Polygon network.
Another reason for this bullish momentum is the upgrade of Polygon’s POS USDT to the new USDT0 standard. This improvement has increased transaction efficiency and strengthened Polygon’s dominance in stablecoin-related activities, making it more attractive to users and investors.
Polygon is also positioning itself as a stablecoin hub in Singapore and Asia in general. Data shows strong growth in XSGD stablecoin transfers on the network, with volumes reaching $66 million, $88 million, $74 million, and $94 million over the past four months. This reflects a stable and growing use of the network.
Finally, activity on the POL token itself has been impressive, with a surge of over 110% in transaction volume during the last 24 hours. Such a trading increase often signals strong investor interest, which can directly push prices upward.
Since its 2021 peaks, Polygon has been trapped in a long-term bearish trend. Even when the crypto market as a whole experienced a recovery, POL lagged behind, giving the impression that its bull cycle had passed.
However, analysts believe that the first sign of strength would be a move toward $0.38, while the key level to watch would be $0.71. Breaking through this threshold would mark the beginning of a true bull run for Polygon.
Furthermore, some experts like Javon Marks note a strong bullish divergence, indicating that selling pressure is weakening and a trend reversal could be near. According to this technical configuration, POL could climb to $1.30, representing a potential increase of 354% from current levels.
With a Relative Strength Index (RSI) that has climbed to 42, momentum seems to be shifting in favor of buyers. Polygon is therefore showing encouraging signs of recovery and long-term growth potential, fueled by increasing network activity and significant technical improvements. Savvy investors would do well to keep a close eye on this cryptocurrency in the coming months.
Polygon (POL) is regaining momentum! Buy now on Bitget at $0.27 and capitalize on significant upside potential. Here’s a buying guide for Bitget:
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