Binance Lists
Polygon’s
POL Token:
Price Impact
Binance’s latest token listing is drawing significant attention from traders
as Polygon s MATIC undergoes a critical transition.
With market anticipation building, the newly listed POL token could undergo
extreme volatility . Early indicators suggest that investors are watching
closely, eager to see how this move will impact prices.
Binance Lists Polygon s POL
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Binance has successfully completed the swap from MATIC token to POL, allowing
users to deposit and withdraw the new POL tokens.
Spot trading for POL/BNB, POL/BRL, POL/BTC, POL/ETH, POL/EUR, POL/FDUSD,
POL/JPY, POL/TRY, POL/USDC, and POL/USDT pairs went live on September 13,
2024, at 10:00 UTC. Additionally, Binance has enabled Trading Bots and Spot
Copy Trading for these pairs, available within 24 hours of the listing.
To date, this token migration has seen 6.67 billion MATIC tokens converted to
POL. This represents approximately 66.92% of the total supply.
Read more: How To Transfer MATIC to POL MATIC to POL Migration Progress.
Source: Dune
Market observers noted that POL’s price initially hovered below $0.40.
However, an influx of buying volume—surpassing $70 million—pushed the price
higher, reversing the downtrend and shifting technical indicators toward a
bullish outlook.
Analysts like Josh Olszewicz predict that POL could surge past $0.57, with a
pullback likely before it challenges the $0.60 resistance zone. Meanwhile,
Spencer Noon points to the network s capabilities as it remains
the premier destination for builders.
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Polygon is the 2nd largest blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн for tokenized RWAs, with its 23
assets trailing only Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum s 62. This positions Polygon as a
significant player in the space — the platform’s RWAs have a total market
capitalization of $531.58 million,” Noon wrote .
Read more: Polygon (POL) Price Prediction 2024/2025/2030 RWA Blockchains.
Source: OurNetwork
As the broader crypto market gears up for the next quarter, there is optimism
that POL could continue its upward trajectory. A sustained bullish sentiment
might propel the token toward reclaiming the $1 mark. Although reaching a new
all-time high could prove challenging, the outlook for POL remains positive.
In the coming days, all eyes will be on POL to see if it can maintain momentum
and overcome key resistance levels, potentially positioning itself as a major
player in the market.
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