- Polygon’s worth surged 15% to a excessive of $0.15.
- The POL token rose on Thursday as Bitcoin tried to rebound from its newest lows close to $90,000.
- The open cash stack and potential acquisition of Coinme inspired patrons.
The worth of Polygon (previously MATIC) has soared 15% previously 24 hours, pushing the token close to its highest worth in a month following a widespread sell-off in cryptocurrencies.
The POL token is buying and selling at round $0.14 on the time of writing, with buying and selling quantity growing 137% to $228 million.
On Friday, whereas Bitcoin gave the impression to be combating downward stress, Polygon costs soared.
Information confirmed double-digit features, permitting bulls to succeed in an intraday excessive of $0.15, including recent momentum as the previous MATIC token rose from its January 1, 2026 low of $0.09.
Polygon worth in the present day: Why is POL hovering?
As talked about above, the value of Polygon tokens soared to almost $0.15 because the group responded enthusiastically to main project-related developments.
Essential amongst these is our plan to make the community the way forward for on-chain cash.
Information of what’s going to occur in 2026 appears to have elevated bullish sentiment in direction of Ethereum Layer 2 scaling options.
This imaginative and prescient is printed by Polygon co-founder Sandeep Nailwal and Polygon Labs CEO Marc Boiron.
Particularly, the undertaking introduced Open Cash Stack, a modular framework designed to bridge fiat currencies and on-chain funds.
Open Cash Stack is constructed to interoperate quite than create a closed ecosystem, permitting companies to undertake solely the elements they want whereas remaining linked to different networks.
Polygon presents this method as a transfer to make blockchain-based funds as seamless as conventional monetary programs.
In accordance with Nailwal, “all cash will transfer on-chain over time,” and Open Cash Stack positions Polygon because the foundational infrastructure for the following period of programmable finance.
One other piece of stories that boosted the bulls was a report that Polygon is nearing completion of its $100-125 million acquisition of CoinMe, a distinguished Bitcoin ATM operator.
Coinme is among the largest cryptocurrency ATM platforms and is current in 49 US states.
This acquisition is a strategic transfer for Polygon and is vital in its quest to bridge conventional fiat infrastructure with blockchain expertise.
Traders are expressing confidence in response to those developments.
Collectively, these strikes characterize an formidable evolution for L2.
Polygon worth prediction
The bulls are holding the value above a one-month excessive after breaking above the important thing resistance stage at $0.13.
Market circumstances counsel warning is required. Nevertheless, if the bullish momentum persists, Polygon’s trajectory might prolong upward.
The token’s current breakout from low ranges confirmed bullish power.
Patrons feared the worst when POL fell under $0.10, however amidst a notable rally, the following necessary threshold lies at $0.20.
If the bulls are profitable in reclaiming this stage, it might pave the best way for a extra vital rally.
Quick provide wall pressures above the $0.20 space are $0.27 and $0.30, doubtlessly retesting the $0.50 vary within the close to time period.
On the draw back, the year-to-date low of $0.09 stays an necessary goal.
The prolonged RSI within the chart above suggests a possible pullback amid revenue taking.