The POL token from Polygon, formerly known as MATIC, is showing significant growth after five consecutive days of price increases, positively affecting investor sentiment.
Price Dynamics of POL
On April 25, POL reached an intraday high of $0.26, increasing by 20% in a day. This surge was backed by a substantial rise in trading activity, with the volume rising 270% to over $340 million. Currently, POL's market capitalization stands at approximately $2.15 billion.
The Agglayer Program and Its Impact
The launch of the Agglayer Breakout program has become a key event for Polygon, aimed at supporting high-potential projects. The initiative provides funding and resources for startups and directly rewards POL holders with token airdrops, with projects like Privado ID and Miden allocating 5% and 10% respectively for their drops.
New Trends in NFTs on Polygon
According to a recent report, NFT sales on the Polygon platform reached $22.1 million in the last seven days, indicating increasing interest in digital assets. Over the past week, 47,592 buyers purchased NFTs on Polygon, which is a 62% increase compared to previous days.
The overall rise of POL, supported by Polygon's initiatives and increasing interest in NFTs, may signal the beginning of a new bullish cycle for the token.
