Analysis: Will the technology of Polygon be instrumental in resurrecting its token's price?
Cryptocurrency Chaos: Polygon's POL Still Struggles, but the Future Isn't Grim
As of May 13, 2025, Polygon's native token, POL, hovers around the $0.258 mark, well below its all-time highs and unable to gather significant upward momentum. Despite the turbulent market, Polygon remains busy, working on significant upgrades that aim to revolutionize its future.
The network's plans include a new token and infrastructure aimed at making Ethereum faster and cheaper. As a "Layer 2" network for Ethereum, Polygon excels at scaling Ethereum by shifting activity off the main blockchain while maintaining its security. But now, Polygon is branching out beyond just one network.
Under the "Polygon 2.0" plan, the network is evolving into an interconnected ecosystem of various chains, powered by zkEVM - zero-knowledge Ethereum Virtual Machine. This technology promises more efficient and secure transactions. In line with this shift, the project migrated from the MATIC token to the new POL token, which supports a wider range of applications, such as securing multiple chains and making governance decisions.
Recently, Polygon launched the Agglayer Breakout Program to nurture and debut high-impact blockchain projects. Projects that graduate from this program allocate 5-15% of their token supply to POL stakers via airdrops. Upon launch, these projects connected to Agglayer, boosting network activity and value for the POL token.
Now, let's talk about predictions. Analysts are split on the short-term prospects for POL. CoinCodex anticipates POL reaching around $0.27 by June, while Coinpedia foresees a peak of $0.47 by the next year. On the other hand, long-term optimists like DigitalCoinPrice predict POL could skyrocket to $3.91 by the end of 2025 if adoption accelerates.
However, it's essential to consider other forecasts. CoinStats anticipates a low of $0.11795, an average of $0.29488, and a high of $0.47181. Kraken predicts the price will reach approximately €0.23 by year-end, which is roughly $0.256 USD (based on a 1 EUR = 1.11 USD exchange rate). Cryptopolitan guesses a minimum price of $0.15 and a maximum of $1.57, without providing an average estimate.
These forecasts reflect the ongoing uncertainties and growth possibilities tied to Polygon's ecosystem developments and adoption rates. The path ahead for POL might be challenging, but the future still looks promising for this innovative network.
Thailand's $150m Government Token: A New Approach to Public Fundraising
- Intriguingly, Thailand is taking a novel approach to public fundraising by launching a government-backed token worth $150 million, joining the ongoing trend in the crypto finance sector.
- This move suggests Thailand's embrace of blockchain technology, showcasing its commitment to leveraging technology for growth and development.
- Proponents of crypto technology argue that such initiatives have the potential to revolutionize government finance, democratizing access to investment opportunities.
- The adoption of blockchain-based tokens in government finance could pave the way for more crypto projects, fostering the growth of decentralized exchanges (DEX) and Initial Coin Offerings (ICO).
- For instance, Tron's ambitious projects and Ethereum's established position in the crypto market could benefit from this momentum, as investors increasingly turn their attention to crypto investments in the realm of public finance.
