The role of the polygon (POL) in the Crosschain trade and in the market trends
Cryptocurrency has been a hot topic in the financial world for years, with new coins and tokens that have been launched regularly. One of these projects that has attracted significant attention is Polygon (POL), a blockchain platform designed to admit commerce and decentralized applications (app).
What is the polygon?
Polygon, also known as Polkadot, is an open blockchain platform developed by its foundation team in the Department of Informatics of the University of Cambridge. It allows without continuity solution between different blockchain networks, which allows the creation of more complex and scalable decentralized applications.
Crosschain Commerce: a new era in financial integration
Crosschain trade refers to the ability of several blockchains networks to communicate perfectly with each other, allowing the transfer of activities, token or data through the limits. Polygon’s unique architecture allows this process by providing an interoperability layer between several blockchain ecosystems.
With Polygon, users can now exchange and exchange cryptocurrencies, non -whistled tokens (NFT) and even administered from one block chain to another. This has opened new opportunities for merchants, investors and developers who want to easily access more blockchain networks.
Market tendenses: a growing demand for rabies trade
The demand for rabies trade is increasing, guided by several factors:
- Increase in adoption : More users look for ways to use more blockchain platforms for their financial activities.
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- Decentralized Finance (DEFI) : Defi applications, which are based on crossed decentralized government and governance, continue to gain popularity.
Consequently, the polygon market has registered significant growth, with its growing price of more than 1000% only in the last year.
Market perspective
The future of cryptocurrency seems brilliant, with the polygon ready to become a leading player in the Crosschain commercial space. Here are some key trends and forecasts:
- Growth adoption : The number of users accessing multiple blockchain networks through Polygon will continue to increase.
- Increase in competition : The new players will enter the market, competing for users and the proportion of income.
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Conclusion
Polygon (POL) is a turning point in the world of cryptocurrencies and blockchain technology. Its ability to support rowing trade and decentralized applications has opened new opportunities for users, investors and developers. As the market continues to grow, it will be exciting to see that Polygon plays a broader role in modeling the future of cryptocurrency.
Technical analysis:
Polygon’s technical analysis seems promising, with its price currently exchanged in around $ 2.50. The graph shows the signs of a strong trend, indicating that investors are optimistic about project perspectives.
Some key technical indicators include:
- Mobile average at 14 days (MA) at $ 3.00
- Relative resistance index (RSI) to 55
- Bollinger Bands (BBS) at 15
Investment recommendation:
We recommend investing in Polygon (POL) with caution, given the growing demand for commercial ribbin and its growing market share.
Discharge of responsibility: This article is not an investment council. Always investigate and consult a financial consultant before making any investment decision.
