Polygon narxiPOL

$POL sits near its cycle low Around $010 with a market cap close to $1B At the same time prediction markets are gaining attention Volumes are rising Polymarket is becoming a reference point The question appears simple Can POL return to $1 Can Polygon reach a $10B valuation again This is not a price call This is a structural check The prediction market narrative Prediction markets are becoming visible again Polymarket usage is growing Event driven speculation is pulling users onchain USDC settlement is simple Liquidity is improving during major news cycles This has created a new narrative Prediction markets as a core crypto primitive But narrative and value capture are not the same thing Where Polygon fits Polygon provides infrastructure Not ownership of outcomes Polymarket runs on Polygon But fees are low Most activity is USDC based Token demand does not automatically rise with volume Users can interact without touching POL directly That limits reflexivity The price contradiction POL is near all time lows Despite • A live network • Active applications • High visibility platforms like Polymarket Reasons often cited • High circulating supply • Limited fee capture • No clear staking demand driver • Polygon is already widely known This is not a discovery asset Narratives have less impact on mature infrastructure tokens What would need to change For $1 or a $10B market cap to be realistic Several shifts would be required • Prediction markets become a dominant onchain category • Polygon captures fees or staking demand directly • POL becomes unavoidable for usage not optional • Broader market risk appetite expands Without this Hype alone does not translate into price The open question If prediction markets are the new meta Who captures the value The application The stablecoin Or the base layer And if Polygon is essential infrastructure Why does the token remain disconnected from that growth

$POL just buy and double your money thats it

🟣 Polygon PoS Recovers from Node Incident, Services Restored On December 18th, the Polygon Foundation announced a network disruption affecting some RPC nodes of its PoS network, which was resolved without halting overall block production. The incident had minimal impact on the POL token, which declined by 4%, underscoring the network’s resilience amidst similar past technical challenges. 🔸 RPC Node Failure: Polygon Ensures Network Stability Polygon Foundation announced a failure on the PoS network, affecting RPC nodes but maintaining block production. The team deployed patches to node operators after identifying a faulty proposal by a validator. As Sandeep Nailwal, Co-founder of Polygon, stated, “The disruption was due to a faulty validator proposal that forked Bor nodes and temporarily halted production.” Validators are synchronizing data to reach quorum, while block explorers might still experience delays. Immediate implications include a verified resolution of the issue as the network continues generating blocks effectively. Operational RPC nodes processed transactions normally during the incident. Market reactions saw the POL token decrease by approximately 4%, reflecting immediate on-chain activity impacts amidst prevailing market conditions. 🔸 Trading Results: $POL Token Drops 4% Amid Incident Did you know? In March 2023, a prolonged outage involving Polygon’s Heimdall led to multi-day disruptions. Hotfixes resolved the issue, highlighting the ongoing vigilance demanded by blockchain networks. CoinMarketCap data shows Polygon trading at $0.11 with a market cap of $1.13 billion. The POL token experienced a 6.18% decrease in the last 24 hours, consistent with a 59.14% decline over 90 days. Market fluctuations remain a significant aspect of its performance. #POL #Polygon

In a sudden move that has caught the attention of the crypto community, South Korean exchange giant Upbit has announced a temporary suspension of all deposit and withdrawal services for assets on the Polygon network. This critical action comes as a direct response to an emergency network upgrade, following a concerning halt in block production. For traders holding assets like POL and GMT, this news is a pivotal development that requires immediate understanding. Why Did Upbit Suspend the Polygon Network? The core reason behind this suspension is an urgent technical issue. The Polygon network itself initiated an emergency upgrade after its block production unexpectedly stopped. When a blockchain halts block production, new transactions cannot be confirmed or added to the ledger. Therefore, exchanges like Upbit must proactively suspend related services to protect user funds and prevent transactions from being lost or stuck in limbo during the network instability. This is a standard security protocol in the cryptocurrency industry. However, it highlights the inherent challenges of operating within decentralized ecosystems where third-party network performance directly impacts exchange operations. The suspension is a precaution, not necessarily an indication of a problem with Upbit’s own platform. Which Assets Are Affected by This Suspension? The temporary halt specifically impacts any digital asset that utilizes the Polygon network for transfers on Upbit. The exchange has named two major tokens in its announcement: POL (Polygon Ecosystem Token): The native token of the revamped Polygon 2.0 ecosystem. GMT (STEPN): The governance token of the move-to-earn fitness application. It is crucial for users to note that trading of these assets may still be available on Upbit’s internal order books. The suspension applies only to moving tokens on or off the exchange via the Polygon network. Always check the official Upbit announcement page for the most current and complete list of affected assets. What Should Upbit Users Do Now? If you are an Upbit user, do not panic. This is a temporary, protective measure. Here are your actionable steps: Do Not Initiate Deposits: Any attempt to deposit POL, GMT, or other Polygon-based assets to your Upbit wallet during the suspension will likely fail or be significantly delayed. Withdrawals Are On Hold: You cannot withdraw these assets to an external Polygon wallet until Upbit resumes services. Monitor Official Channels: For updates, rely solely on official Upbit announcements via their website or verified social media. Avoid speculation from unverified sources. Consider the Network: Remember, this is a Polygon network issue. Other exchanges may implement similar suspensions, so check the status if you plan to use other platforms. How Does This Impact the Broader Crypto Market? While disruptive for direct users, this event serves as a powerful reminder of the interconnected nature of cryptocurrency infrastructure. An issue on a major Layer-2 network like Polygon can ripple through to top-tier exchanges, affecting liquidity and user activity. It underscores the importance of: Network Reliability: The need for robust, fault-tolerant blockchain systems. Exchange Risk Management: How leading exchanges like Upbit implement safeguards. User Education: The critical need for traders to understand the underlying technology of their assets. Historically, such suspensions are resolved within hours or a few days once the underlying network is stable and the exchange has completed its safety checks. Conclusion: A Temporary Hiccup in a Maturing Ecosystem The decision by Upbit to suspend Polygon network services is a prudent and expected response to unforeseen blockchain turbulence. It prioritizes the security of user assets above all else. For the crypto community, it’s a moment to reflect on the growing pains of a rapidly evolving industry. As networks and exchanges coordinate to resolve these issues, the overall system demonstrates its resilience. The key takeaway is that such events, while inconvenient, are part of the process that leads to more robust and reliable infrastructure for everyone. Frequently Asked Questions (FAQs) Q1: Can I still trade POL and GMT on Upbit during the suspension?A1: Possibly. The suspension is for deposits and withdrawals via the Polygon network. Internal trading on Upbit’s platform may remain active, but you should verify this on the exchange’s trading interface. Q2: How long will Upbit suspend Polygon network deposits and withdrawals?A2: The duration is not specified but is directly tied to the completion of the Polygon network upgrade and subsequent security verifications by Upbit. Monitor their official announcements for the resumption notice. Q3: Are my funds safe on Upbit during this time?A3: Yes. The suspension is a security measure designed specifically to keep your funds safe. Assets held in your Upbit account are not at risk due to this network-level action. Q4: Does this affect other exchanges besides Upbit?A4: It might. Since the issue originated on the Polygon network, other exchanges that support Polygon-based assets may enact similar temporary suspensions as a precaution. Always check the status with your specific exchange. Q5: What is an emergency network upgrade?A5: It is a critical software update deployed by a blockchain development team to fix a severe bug, vulnerability, or performance issue (like halted block production) that cannot wait for a scheduled upgrade. Q6: Will this suspension affect the price of POL or GMT?A6: It could cause short-term volatility due to reduced liquidity from halted deposits/withdrawals on a major exchange like Upbit. However, the long-term price depends on broader market factors and the swift resolution of the network issue. Found this breakdown of why Upbit suspended Polygon network services helpful? Navigating exchange updates can be tricky. Share this article on your social media to help other traders in your network stay informed and secure during market developments. To learn more about the latest Polygon network trends, explore our article on key developments shaping Polygon’s ecosystem and its future roadmap for scaling Ethereum. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.