Polygon Is Experiencing Heavy Losses But Still Expected to Grow?

Although Polygon (POL) is going through a difficult phase with 85% of investors at a loss, new forecasts from cryptocurrency analyst Ali Martinez suggest potential growth in the future. According to him, the situation where many investors are at a loss may reduce the risk of profit-taking, laying the groundwork for a strong recovery. Martinez also emphasizes the increase in the number of active addresses, trading volume, and whale activity, indicating that there is active participation from new investors, which often signals a future bullish trend.

Additionally, Polygon is in the process of rebranding from the MATIC token to POL, which has attracted attention and expectation from the market. This transition somewhat impacts the value and applicability of the token within the blockchain ecosystem, especially as it aims for scaling solutions for Ethereum. Despite facing downward price pressure, some analysts believe this could be an opportunity to invest in Polygon as on-chain conditions improve and community interest continues to rise.