📣 Creators, Exciting News!
Gate Square Certified Creator Application Is Now Live!
How to apply:
1️⃣ Open App → Tap [Square] at the bottom → Click your avatar in the top right
2️⃣ Tap [Get Certified] under your avatar
3️⃣ Once approved, you’ll get an exclusive verified badge that highlights your credibility and expertise!
Note: You need to update App to version 7.25.0 or above to apply.
The application channel is now open to KOLs, project teams, media, and business partners!
Super low threshold, just 500 followers + active posting to apply!
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In the ups and downs of the crypto assets market, true investment opportunities often lie at the intersection of technological innovation and fundamental improvement. Currently, the price of the POL token at $0.187, combined with the flourishing development of the Polygon ecosystem, presents a value discovery opportunity worth exploring for prudent investors.
From a technical perspective, the recent price trend of the POL Token demonstrates clear signs of being oversold. The RSI indicator on the daily chart has dropped to 38.27, nearing the oversold region, while the MACD indicator still shows a bearish arrangement, but the downward momentum is weakening. More critically, a solid support level has formed around $0.17, which corresponds to a previous significant trading zone, providing a technical buffer for the price.
Despite the recent pressure on the entire Crypto Assets market, the fundamental support factors for POL are continuing to strengthen. On-chain data reveals that in the past 30 days, there have been net outflows from exchanges for 18 days, suggesting that long-term holders are transferring their Tokens to cold wallets for storage. This accumulation behavior typically signals that prices may begin to find a bottom.
From a valuation perspective, POL's current market cap of $1.972 billion seems to be undervalued compared to the ecological value it carries. The total locked value (TVL) of the Polygon ecosystem has reached $1.19 billion, processing an average of 3.8 million transactions daily. These fundamental data support the reasonableness of its market cap. More importantly, the ecosystem is still rapidly expanding, with a 10% growth in TVL in the third quarter, demonstrating strong development momentum.
As institutional investors increasingly participate in the Crypto Assets market, the investment value of POL as a high-performance public chain Token may gain further recognition. Polygon's technological innovations, such as the application of zero-knowledge proof technology, not only enhance the network's performance and security but also lay the foundation for future scalability.
However, investors should also be wary of the inherent high volatility and regulatory risks of the crypto assets market. Although the POL token and the Polygon ecosystem show positive signals, sudden shifts in market sentiment may lead to sharp fluctuations in the short term.
Considering comprehensively, the current price level of the POL Token provides an attractive entry point for long-term investors. As Polygon continues to advance its technical roadmap and expand its influence in the Web3 ecosystem, the intrinsic value of the POL Token is expected to be reassessed by the market. Prudent investors can focus on Polygon's ongoing development and consider incorporating POL into a diversified crypto assets investment portfolio, as long as the risks are manageable.