#POL is the upgraded native token of the Polygon ecosystem, replacing MATIC for gas and staking functions on the Polygon PoS network. Built on ERC-20 standards and supporting EIP-2612 for signature-based approvals, POL retains many of #MATIC’s capabilities. It allows users to participate as validators by staking and may expand its utility within the AggLayer based on community decisions. The transition from MATIC to POL is a community-driven initiative, outlined in PIP-17, aimed at enhancing the network's operations and growth.
Founder of Polygon
Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic co-founded Polygon (previously Matic Network) in 2017.
Market Information
POL is currently ranked #31 in popularity, with a market capitalization of $2.91 billion. Over the past 24 hours, it has seen a trading volume of $55.61 million. The circulating supply of POL stands at 7.26 billion tokens, while its fully diluted market cap is valued at $4.12 billion.
Price today
The current price of POL (ex-MATIC) is $ 0.401275 per (POL / USD), with a market capitalization of $2.91 billion USD. The 24-hour trading volume is $55.61 million USD. The POL to USD price is updated in real time. POL (ex-MATIC) is down 1.13% in the previous 24 hours, with a circulating supply of 7.26B.
Price History
The price of POL has seen a decline across different time periods. Today, it dropped by $0.004582, reflecting a 1.13% decrease. Over the past 30 days, the price fell by $0.119257, marking a 22.91% decline. In the last 60 days, it decreased by $0.139996, or 25.86%, and over the past 90 days, the price dropped by $0.182795, representing a 31.30% decrease.
Price Information
POL's price over the past 24 hours ranged from a low of $0.395364 to a high of $0.407369. It's all-time high stands at $1.285661. In the last hour, the price increased by 0.22%, while over the past 24 hours, it dropped by 1.13%. Over the last 7 days, the price has declined by 3.09%.
Price Prediction For Tomorrow, this Week, and Next 30 Days
Based on the price prediction for POL (formerly MATIC), there is an expected 5% increase in its value, potentially reaching $0.396309 by tomorrow, September 25, 2024. By October 1, 2024, the price is projected to be around $0.396627, and by October 24, 2024, it could reach approximately $0.397849.
Price Prediction 2030
According to the price prediction for POL (formerly MATIC), the value of the token is expected to gradually increase over the years, reaching $0.531022 by 2030, a 5% increase. The predicted price for 2024 is $0.396256, followed by $0.416069 in 2025, $0.436873 in 2026, and $0.458716 in 2027.
FAQ’s
What is the price of one POL (ex-MATIC)?
The price of one POL (ex-MATIC) according to the current market pricing is $0.4.
What is $POL Used For?
POL is used as a gas token for transaction fees, staked by validators to secure the Polygon network, and enables governance participation. It also allows validators to operate across multiple chains, boosting scalability and efficiency in the ecosystem.
What distinguishes POL from others?
POL's hyperproductive nature enables multi-chain validation, which improves scalability and efficiency. Its unique emissions strategy promotes sustainable ecosystem growth, and its involvement in Polygon's full scaling solutions distinguishes it from other Layer 2 tokens.
Is POL a worthwhile investment?
Investing in POL (ex-MATIC) will be entirely dependent on your particular risk tolerance. As you can see, the price of POL (ex-MATIC) has risen by 1.18% in the last 24 hours, while it has fallen by -23.07% in the last 30 days. So it all relies on whether this investment will help you achieve your trading goals.
What was the highest price for POL (ex-MATIC)?
The highest price for POL (ex-MATIC) was recorded on 13 March 2024, when POL reached an all-time high of $1.29.
