crypto.news 2025-05-13 19:45:36

Polygon crypto price: Can Polygon’s tech push revive the token’s price?

Polygon’s native cryptocurrency, POL, is trading around $0.258 as of May 13, 2025 — still far from its all-time highs and struggling to gain strong upward momentum. Despite broader market volatility, Polygon ( POL ) has been busy building. The network is rolling out major upgrades that it hopes will reshape its future, including a new token and infrastructure aimed at making Ethereum ( ETH ) faster and cheaper. Polygon is best known as a “Layer 2” network for Ethereum. That means it helps scale Ethereum by moving activity off the main blockchain, while still using its security. But now, Polygon is moving beyond just one network. Under its “Polygon 2.0” plan, it’s evolving into a whole ecosystem of connected chains, powered by a new technology called zkEVM—zero-knowledge Ethereum Virtual Machine. This tech promises more efficient, secure transactions. As part of this shift, the project migrated from the MATIC token to a new one called POL. This new token will support more use cases, like securing multiple chains and participating in governance decisions. Polygon recently launched the Agglayer Breakout Program to incubate and launch high-impact blockchain projects. Graduated projects allocated 5–15% of their token supply to POL stakers through airdrops. These projects connected to Agglayer upon launch, enhancing network activity and value for the POL token. You might also like: Ethereum holds key support as bulls eye $2,800 resistance zone So, where could the price go? Analysts are divided. Short-term forecasts are cautious—CoinCodex sees POL reaching only about $0.27 by next month, while Coinpedia sees the price topping out at $0.47 by next year. But long-term bulls like DigitalCoinPrice see a much brighter future, predicting POL could hit $3.91 by the end of 2025 if adoption takes off. You might also like: Thailand to launch $150m government token to raise public funds