POL (POL ( prev. MATIC )) 24-hour rise 4.96%

Gate News Bot news, on August 29, according to CoinMarketCap data, as of the time of this report, POL (POL ( prev. MATIC )) is currently priced at $0.26, with a rise of 4.96% in the last 24 hours, peaking at $0.26 and dropping to a low of $0.23, with a 24-hour volume of $248 million. The current market capitalization is approximately $2.683 billion, an increase of $127 million from yesterday. POL is currently ranked 42nd in the crypto assets market capitalization.

Important news about POL recently:

1️⃣ The overall recovery of the Crypto Assets market drives the rise of POL Recently, the overall cryptocurrency market has shown a warming trend. As a mainstream token ranked in the top 50 by market capitalization, POL has been positively influenced by the improvement in market sentiment. The restoration of investor confidence in mid to high market capitalization projects has driven a noticeable rise in POL prices.

2️⃣ POL ecosystem continues to develop POL, as the native token of the Polygon network, is steadily developing its underlying ecosystem. The continuous efforts of the Polygon network in scalability and application development provide support for the long-term value of POL, attracting more developers and users to participate.

3️⃣ The technical aspect shows positive signals POL recently broke through an important resistance level, with a rise of nearly 5% within 24 hours, indicating strong upward momentum. The improvement in technical indicators may attract more technical analysis investors to enter the market, further driving short-term price increases.

From a fundamental perspective, the daily trading volume of POL has reached $248 million, indicating a high level of activity and liquidity in the market for this token. However, investors should remain cautious of potential short-term retracement risks and closely monitor market changes and project developments.

This message does not constitute investment advice, and investors should be aware of market volatility risks.