Oh, look at that, Polygon‘s price is crawling back up. Why? Because apparently, more people are hanging out on the chain. It’s like a party that everyone suddenly remembered.
From its all-time low, Polygon (POL) shot up to $0.2460. That’s its highest since March9, and a whopping24% jump. But let’s not forget, it’s still70% down from its peak last November. Oh, the highs and lows of crypto life, right?
What’s behind this little rally, you ask? Well, it seems like Bitcoin and a bunch of other altcoins decided to stop sulking and start moving again. It’s like they all had a group chat and agreed to bounce back together.
And guess what? The number of people actually using Polygon, aka active addresses, went up by13% to2.34 million in just a week. Transaction volume’s looking up too. It’s like everyone suddenly remembered they had Polygon in their wallet.
DeFi Llama’s got some data showing Polygon’s DeFi ecosystem might be stabilizing. TVL’s up by5.7% to $719 million. And more stablecoins are joining the party, almost hitting $2 billion. Quickswap’s TVL shot up by577% – now that’s a party trick!
But let’s not get too excited. Polygon’s got competition. Layer-2 blockchains like Base and Arbitrum are giving it a run for its money. Still, it’s not all doom and gloom. Polygon’s making its moves, folks.
Now, if you’re into charts and stuff, Polygon’s price action is looking kinda bullish. After its rebranding drama, it hit a low of $0.1900 but now there’s a bullish divergence pattern on the chart. The tech gurus are nodding in approval.
Breaking out of a falling wedge, Polygon might just keep on climbing. Bulls are eyeing $0.2854, but hey, let’s not count our chickens just yet. A slip below $0.1901 and we’re back to square one. 🎢
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2025-03-26 19:51