Polygon is the largest scaling solution for Ethereum, going by the total value locked (TVL). With the sidechain managing over $911 million of assets as of early January 2024, it remains one of the most active blockchain ecosystems.
Following a stellar 2024, marked by their relentless focus on innovation and adoption, which saw the launch of POL and the official transition to Polygon 2.0, the network shows no signs of slowing down.
Polygon continues to cement its place as one of the leading blockchain ecosystems, with its relentless focus on innovation and adoption. However, will their efforts translate to higher valuations? Will POL continue the uptrend of Q4, breaking above $0.75 and $1?
Going by trending Polygon news, some analysts think it might also be the best time to consider emerging opportunities like Best Wallet (BEST).
The Polygon 2.0 Transition: Explained in 1 Minute
Last year, developers initiated Polygon 2.0, an ambitious upgrade that will eventually transform the sidechain into a “value layer of the internet.”
The value layer will be powered by zero-knowledge proof technology and comprise an aggregated layer that unifies liquidity across all layer-2s developed using Polygon technology.
As part of this, two hard forks were initiated, one of which was renaming MATIC to POL. Unlike the previous token, POL has more utility and plays a crucial role in Polygon 2.0. However, POL’s supply will not be fixed to incentivize staking and boost community-led governance.
2024 Milestones For Polygon Crypto: What You Need to Know
Polygon’s quest for better liquidity and scalability saw it post record numbers. Data shows that over 1.3 billion transactions were processed as more than 46 million new users were onboarded. Last year, the sidechain registered more than 54 million active wallets.
2024 was a year to build, scale, transact, and breakout.
A look back at the chain you’re already on ⏪️ pic.twitter.com/OXgqaf8ZBV
— Polygon (※,※) (@0xPolygon) January 3, 2025
The rise of Polymarket also meant the platform had 1.5 million super users, the most active versus other Ethereum scaling alternatives. At the same time, there were 6.5 million monthly active users and 3 million stable coin addresses–the third largest platform.
Will POL Price Hit $1?
So far, POL is firm and in an uptrend.
POL soared like Bitcoin, Ethereum, and other altcoins throughout November and December 2024.
It rose to as high as $0.76 by mid-December, a 175% surge from November lows.
(POLUSDT)
POL has found support at around $0.46. If the altcoin season kicks in, analysts project more gains in the coming days.
Update on $matic $pol Over the past few weeks we wanted to see it hold the $0.46 support and it did exactly that. As we approach altcoin szn, we'll see this push to $1 followed by a break from the multi-year wedge. Get ready! #Polygon pic.twitter.com/dmS2WzlXaN
— heatmiser (@heatmsr) January 4, 2025
A close above $0.75, in continuation of Q4 2024 march, can easily propel POL above the all-important round number at $1.
Diversifying With Best Wallet (BEST): Over $6.5M Raised
Although POL may outperform other Ethereum scaling solutions in 2024, the spotlight is on emerging opportunities, especially next-gen crypto wallets.
Best Wallet is leading this charge, releasing cutting-edge features that could place it ahead of the pack, carving out market share from older wallets.
It offers unparalleled convenience and utility, including features like the Upcoming Tokens Screener. It will allow investors to filter for potent “Upcoming Tokens” with exceptional convenience and utility. Those who used this tool are already in the money after buying Pepe Unchained (PEPU) and Catslap (SLAP).
Best Wallet can seamlessly integrate with over 200 protocols and 20 cross-chain bridges. For this reason, users can easily swap tokens and currencies instantaneously, depositing them straight into their bank accounts.
Gamers can also enjoy free spins and other goodies, including deposit bonuses, straight from the Best Wallet following their exclusive partnerships with multiple gaming platforms.
The Best Wallet is currently crowdfunding, raising over $6.5 million.
At the core of this ICO is BEST, the wallet’s utility token. As developers plan to release even more features, including a debit card service dubbed Best Card, analysts think BEST can soar after exchange listing.
On YouTube, ClayBro predicts a 10X surge.
Best Wallet is available for download on Google Play or the Apple App Store.
Join the project’s community on X, Telegram, and Discord.
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