10 Jul 2025, 23:31

Tezos price prediction 2025-2031: How high can XTZ rise?

Key takeaways: Tezos price prediction suggests a recovery to $1.52 by the end of 2025. XTZ could reach a maximum price of $2.65 by the end of 2028. By 2031, XTZ’s price may surge to $4.14. Tezos started strong as a platform for smart contracts and decentralized apps. After being released in 2018, its price touched an all-time high of $9.12 in 2021. However, throughout this time, it faced issues like lawsuits and power struggles, causing a loss of investor trust. Eventually, the overall market’s effects plummeted the coin’s price, and it has failed to recover to the same mark since then. However, collaborations and innovations are growing on the Tezos network, bringing it into close competition with other smart contract platforms like Ethereum and Solana. Many crypto enthusiasts ask questions like, “Can the Tezos coin hit $50 in the long term?” or at least, “Will Tezos survive?” Let’s get into Tezos price prediction and technical analysis. Overview Cryptocurrency Tezos Ticker XTZ Current price $0.5919 Market cap $621.62M Trading volume (24-hour) $23.9M Circulating supply 1.05B XTZ All-time high $9.18 on October 04, 2021 All-time low $0.3146 on December 7, 2018 24-hour high $0.5514 24-hour low $0.5563 Tezos price prediction: Technical analysis Metric Value Volatility (30-day Variation) 5.04% 50-day SMA $0.5749 14-Day RSI 54.13 Sentiment Neutral Fear & Greed Index 71 (Greed) Green days 12/30 (45%) 200-day SMA $0.6440 Tezos price analysis TL;DR Breakdown: XTZ has surged above $0.572 on strong volume. $0.597 and then $0.611 appear to be the next resistance target. Tezos price analysis 1-day chart: Bulls maintain control of XTZ Tezos has just delivered a significant breakout on the daily chart for July 10, even poking outside the upper Bollinger Band. This move has been accompanied by a bullish shift in the MACD, whose histogram has turned positive, and a sharp uptick in on‐balance volume, signaling that fresh buying pressure is driving the advance. Such a strong candle outside the upper band suggests momentum is firmly in favor of the bulls, for now. XTZUSDT 1-day price chart | Source: TradingView Tezos price analysis 4-hour chart: Short-term momentum stays positive Per the 4-hour timeframe, today’s rally decisively cleared the $0.5724 swing‐high pivot on above‐average volume, as confirmed by a +21 percent reading on the Volume Oscillator. The Balance of Power has also surged to +1.00, underscoring that buyers are exerting complete control of the market at this juncture. XTZUSDT 4-hour price chart | Source: TradingView Having overcome that near‑term resistance, Tezos now has room to extend toward the next barrier near $0.597, with a more ambitious eye on the daily down‑trend channel line around $0.611. Tezos technical indicators: Levels and action Daily simple moving average (SMA) Period Value Action SMA 3 $0.5654 BUY SMA 5 $0.5690 BUY SMA 10 $0.5524 BUY SMA 21 $0.5440 BUY SMA 50 $0.5749 BUY SMA 100 $0.5858 SELL SMA 200 $0.6440 SELL Daily exponential moving average (EMA) Period Value Action EMA 3 $0.5435 BUY EMA 5 $0.5545 BUY EMA 10 $0.5734 BUY EMA 21 $0.6072 SELL EMA 50 $0.6902 SELL EMA 100 $0.8032 SELL EMA 200 $0.8790 SELL What to expect from XTZ price analysis next? XTZ looks set to either retest the new support at $0.572–$0.575 before the next leg up or accelerate higher through $0.597 to target $0.611 and then $0.64 if volume stays strong. A failure back inside the upper Bollinger Band, even into $0.560, would risk a deeper pullback toward $0.545. Is Tezos a long term investment? Tezos could be a good investment as its price movements in the past and recent times reflect opportunities for massive gains. Of course, there have been significant bear markets, but the price recoveries that followed put money in the pockets of traders. Also, the platform is quite developed and supports DeFi solutions, decentralized applications, and NFTs, so there are utilities that can keep the coin’s price afloat and upward. However, as always, you should always do your research because crypto can be extremely volatile. Will Tezos recover? Yes, Tezos is likely to recover by the end of this year. Expert forecasts suggest that XTZ will approach $2 by then. Will Tezos reach $10? Yes, Tezos can reach $10. Its all-time high was $9.18; significant bullish momentum will be required to recapture this level. Will Tezos reach $50? Based on expert analysis, Tezos may not reach $50 anytime soon. A huge market cap will be required to reach that point. However, mass adoption and integration with new systems could make this possible. Does Tezos have a good long-term future? Tezos seems to have a good long-term future because the platform regularly brings updates, and development is ongoing. It also fits into the larger narrative of decentralized finance and decentralized applications. Recent news/opinion on Tezos Tezos now offers Fast Withdrawals, enabling near-instant, trustless transfers from Etherlink to Tezos Layer 1, significantly reducing the withdrawal time from 15 days to just about a minute for a small fee. https://t.co/R7dUpiMsSa — Etherlink 🔗 (@etherlink) June 27, 2025 Tezos price prediction July 2025 If the bulls back XTZ, the token could break out, reaching a peak of $0.65 while maintaining an average trading price of $0.50 in July 2025. Traders can expect a minimum price of $0.482. Tezos price prediction Minimum price ($) Average price ($) Maximum price ($) XTZ price prediction July 2025 0.482 0.50 0.65 Tezos price prediction 2025 Experts believe the overall outlook for Tezos (XTZ) in 2025 is positive. Investors can expect a minimum market price of $0.475, an average price of $0.85, and a maximum price of $1.52. Tezos price prediction Minimum price ($) Average price ($) Maximum price ($) Tezos price prediction 2025 0.475 0.85 1.52 Tezos price prediction 2026-2031 Year Minimum Price ($) Average Price ($) Maximum Price ($) 2026 1.17 1.33 1.78 2027 1.71 1.86 2.12 2028 2.23 2.39 2.65 2029 2.76 2.92 3.08 2030 3.29 3.45 3.61 2031 3.82 3.98 4.14 Tezos price forecast for 2026 According to the XTZ price forecast for 2026, Tezos is anticipated to trade at a minimum price of $1.17, a maximum price of $1.78, with an average price of $1.33. Tezos price prediction for 2027 The XTZ price prediction for 2027 indicates a continued rise, with minimum and maximum prices of $1.71 and $2.12, respectively, and an average price of $1.86. Tezos price prediction for 2028 Tezos’s price is expected to reach a minimum of $2.23 in 2028. The maximum expected XTZ price is $2.65, with an average price of $2.39. Tezos price prediction for 2029 The XTZ price prediction for 2029 estimates a minimum price of $2.76, a maximum price of $3.08, and an average price of $2.92. Tezos price prediction for 2030 The Tezos price prediction for 2030 suggests a minimum price of $3.29 and an average price of $3.45. The maximum Tezos price is set at $3.61. Tezos price prediction for 2031 The XTZ price prediction for 2031 anticipates a surge in price, resulting in a maximum price of $4.14. Based on expert analysis, investors can expect an average price of $3.98 and a minimum of $3.82. Tezos price prediction 2025-2031 Tezos market price prediction: Analysts’ XTZ price forecast Firm 2025 2026 Changelly $0.647 $1.08 DigitalCoinPrice $1.17 $1.37 CoinCodex $0.582 $0.715 Cryptopolitan’s Tezos (XTZ) price prediction Per the Cryptopolitan team, Tezos is expected to reach $1.5 by the end of 2025, and forecasts up to 2031 give a positive outlook for XTZ to break above the $8 mark. For that to happen, future price movements and an increase in Tezos’ adoption must be bullish. Tezos historic price sentiment Tezos price history ⏐ Source: Coingecko Tezos mainnet went live in September 2018 and immediately gained popularity for dealing with the environmental impact of blockchain technologies at that time with its PoS model. XTZ’s price peaked during the bullish cycle of 2021, reaching above $9.0. After 4 April 2022, XTZ’s price plummeted below $4.0; by 9 May, it had sharply fallen below the $2 mark. XTZ surged to about $1 at the beginning of December 2022, but the bears reclaimed the market by the end of the month, resulting in a drop to $0.73. The coin recovered in 2023, averaging a market price of $0.8. Despite the partnership milestones achieved, Tezos (XTZ) had a largely bearish 2024. The coin reached a high of $1.4 in April but lost about 60% by August. The bulls soon entered the market, and XTZ saw renewed buyer interest, which resulted in a peak price of $0.7015 in September and $1.856 in November. The surge extended into December—Tezos XTZ recorded a maximum price of $1.909. Price corrections followed thereafter, and the coin closed the year at $1.286. In January 2025, XTZ reached a maximum price of $1.49, but in February, it lost momentum, averaging $0.72 per unit. After a failed attempt at breaking above $0.80 in early March, XTZ managed a high of $0.6186 in April and $0.70 in May. XTZ maintained a trading range of $0.4752 and $0.6362 in June; in July, it is currently trading between $0.5564 and $0.5911.

10 Jul 2025, 16:51

Cardano Foundation Reports $659M in Assets With 15% in Bitcoin

Key Takeaways: Cardano Foundation held $659.1 million in assets at the end of 2024. 76.7% of assets were in ADA, 14.9% in BTC, and 8.3% in cash or equivalents. $22.1M was allocated to ecosystem growth, with $7.1M for internal operations. The Cardano Foundation disclosed its financial allocations and asset composition in its 2024 Financial Insights Report, published on-chain on July 10. Just published: Our 2024 Financial Insights Report, fully on-chain using Reeve. Highlights: • $22.1M allocated across adoption, education, and resilience • $659.1M in assets (as of 31 Dec 2024) • 17.1M $ADA earned via staking Explore the report: https://t.co/NwKl4oEw3C — Cardano Foundation (@Cardano_CF) July 10, 2025 As of December 31, 2024, the Foundation reported total assets of $659.1 million. Of this, 76.7% was held in ADA, 14.9% in Bitcoin, and 8.3% in cash, cash equivalents, or other financial instruments. Cardano Foundation Releases 2024 Financial Report The report states that staking rewards from ADA holdings accounted for most of the organization’s income last year, totaling 17.1 million ADA from 599.2 million ADA held. The Foundation allocated $22.1 million across three functional areas—operational resilience, education, and ecosystem adoption. Another $7.1 million went toward internal operations, including governance, infrastructure, legal, and finance. Core initiatives included support for the Chang hard fork, compatibility with the Inter-Blockchain Communication Protocol, and funding for PRAGMA, an open-source collective. The Foundation also backed programs like the Cardano Blockchain Certified Associate and partnerships with Petrobras and Universidad Tecnológica Nacional. In terms of adoption efforts, the Foundation reported use case pilots such as a digital ballistic ID system and a real estate registry collaboration with Tokenance and YurekAI. The report emphasized traceability of expenditure by storing all disclosures directly on-chain. No forward-looking budget or projected ADA liquidation schedule was included. While ADA remains the primary asset, the Foundation’s BTC position represents partial diversification into liquid and established cryptocurrencies. Charles Hoskinson Suggests Bitcoin for Treasury In June 2025, Charles Hoskinson proposed converting $100 million of ADA into stablecoins and Bitcoin to improve Cardano’s liquidity and support DeFi growth. He said the sale could be handled off-market to avoid price disruption. He also suggested a sovereign-style fund managed by a governance board and third-party asset managers. This marked a shift from the 2024 treasury strategy, which focused solely on ADA holdings. Protocol treasuries are starting to diversify beyond native tokens to manage volatility and increase liquidity options. Some networks now include BTC or stablecoins to support spending flexibility without relying solely on internal assets. Cardano’s asset mix, and the 2025 proposal to add more external holdings, adds to this shift . It raises questions around risk control, governance structure, and transparency when treasury assets are no longer limited to a single token ecosystem. Frequently Asked Questions (FAQs) Why is Bitcoin included in Cardano’s treasury? Bitcoin provides liquid and widely traded reserves, offering diversification outside ADA and aligning with broader multi-asset treasury trends. How might treasury diversification affect Cardano’s governance? Introducing Bitcoin or stablecoins may require updated governance frameworks, including third-party oversight or new voting mechanisms to manage multi-asset strategies. What distinguishes Cardano’s treasury management from other protocols? While many protocols hold their native tokens exclusively, Cardano has disclosed a substantial BTC position and is considering formal proposals to expand this approach. The post Cardano Foundation Reports $659M in Assets With 15% in Bitcoin appeared first on Cryptonews .

10 Jul 2025, 12:46

BNB Chain Burns $1B+ Tokens in 32nd Quarterly Burn

The total assets withdrawn amounted to 1,595,599 BNB, equivalent to $1.024 billion at the time of the burn event. Following this, the total supply of BNB decreased to 139.3 million. The destruction of coins is carried out through the Auto-Burn mechanism, which aims to reduce the total supply to 100 million BNB. The amount burned each quarter depends on the price of BNB and the number of blocks generated on the network during that period. At the time of writing, BNB is trading at $670.85 (+1.4% overnight), according to CoinGecko . BNB Chain currently ranks fourth among networks in the DeFi ecosystem by total value locked (TVL). BNB Reserves and Institutional Expansion Venture capital firm YZi Labs, linked to ex-Binance CEO Changpeng Zhao, and 10X Capital are working together to create a BNB Treasury Company. In the future, shares of this company are planned to be listed on a U.S. stock exchange. The initiative aims to provide both retail and institutional investors in the US with access to the BNB Chain ecosystem. According to representatives of 10X Capital, such users currently have limited opportunities to invest in BNB. This new structure will serve as a gateway for investors to access decentralized finance. The project will be developed by a team of top managers, including Galaxy Digital co-founder David Namdar, former IT director of investment fund CalPERS Russell Reed, and ex-director of Kraken, Saad Naja. 10X Capital will act as the asset manager for the new company. It has partnered with Cohen & Company Capital Markets and Clear Street LLC to raise capital and purchase BNB. Previously, 10X Capital participated in the creation of a similar treasury company, Nakamoto (NAKA), whose shares are traded on Nasdaq. Ella Zhang, head of YZi Labs, noted that BNB Chain is one of the most widely used blockchain ecosystems. She added that increased institutional participation will benefit a wide range of users. The funding round is expected to close in the coming weeks. As a reminder, in April, BNB Chain developers implemented the Pascal hard fork, aimed at improving EVM compatibility of the blockchain.

10 Jul 2025, 06:55

POL Price Eyes Major Breakout Ahead of Today’s Heimdall v2 Hard Fork

Polygon (POL) surged nearly 7% in 24 hours, reaching a high of $0.1975 ahead of the Heimdall v2 upgrade. Trading volume jumped 31.94%, reflecting renewed investor interest as the July 10 launch nears. Heimdall v2 introduces a major overhaul, slashing finality to 5 seconds and eliminating legacy technical debt. The price of Polygon’s native token, POL, is pushing against a key resistance level and eyeing a major breakout as the network prepares to launch its most technically complex hard fork ever today, July 10. POL has jumped nearly 7% in the last 24 hours, hitting a daily high of $0.1975, with trading volume spiking 31.94%. indicating renewed market interest ahead of the upgrade. The Catalyst: What Is the Heimdall v2 Upgrade? The Heimdall v2 hard fork is the most ambitious in Polygon’s history. It revamps the network’s consensus layer to a newer, more efficient system (CometBFT and Cosmos SDK v0.50) Shipping Announcement! We’ve been on a shipping spree—and next up is Polygon PoS’s consensus layer, Heimdall v2, landing 10 July 2025. This is the most technically complex hard-fork Polygon PoS has seen since it's launch in 2020 What’s changi… The post POL Price Eyes Major Breakout Ahead of Today’s Heimdall v2 Hard Fork appeared first on Coin Edition .

9 Jul 2025, 20:10

Ethereum’s Crucial Catalyst: Why ETH Treasuries Are Vital for Unprecedented Growth

The world of cryptocurrency is constantly evolving, and at its heart lies Ethereum, a blockchain platform that has truly revolutionized how we think about decentralized applications and digital finance. But for any ecosystem to thrive, it needs resources – and not just static ones. Imagine a vast treasure chest, brimming with potential, yet much of it lies dormant. This is precisely the challenge and opportunity that Ethereum (ETH) co-founder Joseph Lubin recently highlighted: the crucial role of active Ethereum Treasuries in fueling the network’s future. Why Are Ethereum Treasuries So Important for the Future? Joseph Lubin, a visionary behind Ethereum, recently shared his insights in a CNBC interview, emphasizing that well-managed ETH treasuries are not just a nice-to-have, but an absolute necessity for the robust development of the Ethereum ecosystem. But what exactly are these ‘treasuries,’ and why do they hold such significance? In essence, Ethereum treasuries refer to significant reserves of ETH and other digital assets held by various entities within the Ethereum ecosystem. These can include decentralized autonomous organizations (DAOs), foundations, and even individual projects. Unlike traditional corporate treasuries, many of these are governed by smart contracts and community consensus, embodying the decentralized spirit of Web3. The challenge, as Lubin pointed out, isn’t a lack of ETH in circulation; it’s the insufficient activity to effectively utilize this vast pool of resources. Think of it this way: Ethereum has built an incredible digital city, complete with infrastructure and a thriving economy. But for the city to truly flourish, its collective wealth needs to be actively invested in new roads, public services, and innovative businesses. Dormant ETH, no matter how abundant, doesn’t build new dApps, fund critical research, or support burgeoning communities. Active treasury management means strategically deploying these assets to: Fund Core Development: Ensuring continuous improvement and security of the Ethereum protocol itself. Support Ecosystem Projects: Providing grants and investments to new dApps, tools, and infrastructure that expand Ethereum’s utility. Incentivize Participation: Encouraging developers, users, and validators to contribute to the network’s health. Ensure Longevity: Building a financial buffer against market volatility and unforeseen challenges. Unlocking Ecosystem Growth : Addressing Underutilized ETH The core of Lubin’s concern revolves around the concept of ‘underutilization.’ While billions of dollars worth of ETH exist, a significant portion might be sitting idle in wallets, locked in staking contracts without direct contribution to new development, or simply not being channeled into productive ventures. This isn’t necessarily a negative reflection on holders, but rather a call to action for the ecosystem to devise better mechanisms for deploying these resources. How does underutilized ETH hinder Ecosystem Growth ? Consider these points: Missed Opportunities: Innovative ideas and promising projects might struggle to secure funding, slowing down the pace of development. Stagnation Risk: A lack of new investment can lead to a stagnant ecosystem, where established projects dominate and new entrants face high barriers. Reduced Innovation: Without capital flowing into research and development, the cutting edge of blockchain technology on Ethereum might dull. Limited Reach: New user acquisition and real-world adoption depend on compelling applications and services, which require funding to build and scale. Lubin’s involvement with SharpLink Gaming, where he serves as chairman, provides a tangible example of his drive to find practical utility for digital assets. While not directly an ETH treasury, it showcases his interest in bridging the gap between digital assets and real-world applications, generating activity and value beyond mere holding. This philosophy extends directly to how collective ETH reserves should be managed. Joseph Lubin’s Vision: Powering ETH Development Beyond Circulation Joseph Lubin, a figure synonymous with Ethereum’s inception and growth, understands deeply that the true power of ETH isn’t just its market cap or circulating supply, but its utility and the innovation it fosters. His recent comments serve as a powerful reminder that while the blockchain has achieved incredible feats, its journey is far from over. His vision for ETH Development involves a proactive approach to treasury management, moving beyond passive holding to active deployment. Lubin’s perspective aligns with a broader trend in the decentralized space: the increasing maturity of DAOs and their role in governing substantial treasuries. These decentralized organizations are becoming critical conduits for directing collective funds towards projects that align with the community’s vision. For example, a DAO might vote to allocate ETH from its treasury to: Security Audits: Funding essential security reviews for new smart contracts to protect users. Grant Programs: Establishing initiatives to support independent developers building public goods on Ethereum. Protocol Upgrades: Investing in research and implementation of critical network enhancements like scalability solutions. Educational Initiatives: Sponsoring programs to onboard new developers and users to the Ethereum ecosystem. This active engagement ensures that the vast resources held within the ecosystem are continuously recycled and reinvested, creating a virtuous cycle of innovation and growth. Practical Applications: How Decentralized Finance (DeFi) and DAOs Can Leverage Treasuries The rise of Decentralized Finance (DeFi) has opened up new avenues for how Ethereum treasuries can be managed and utilized. No longer are these funds confined to simple holding; they can be actively deployed in various DeFi protocols to generate yield, provide liquidity, or even participate in governance, all while supporting the broader ecosystem. Consider these practical applications: Treasury Strategy Benefit to Ecosystem Example Liquidity Provision Enhances trading efficiency and stability for key assets, reducing slippage. Deploying ETH into a decentralized exchange (DEX) liquidity pool. Yield Farming/Staking Generates additional revenue for the treasury, which can be reinvested. Staking ETH to secure the network or participating in DeFi yield protocols. Strategic Investments Funds promising new projects or protocols that align with ecosystem goals. A DAO investing in an early-stage ZK-rollup project. Grants & Bounties Directly incentivizes developers and researchers to build public goods. Funding for open-source tools, educational content, or security audits. The key is for these strategies to be governed transparently, often through DAO proposals and voting, ensuring that the community has a say in how their collective wealth is managed. This level of transparency and community involvement is a significant differentiator from traditional corporate finance. Navigating Challenges and Charting a Path for Sustainable Ethereum While the benefits of active treasury management are clear, it’s not without its challenges. Managing large sums of volatile assets in a decentralized manner requires sophisticated strategies and robust governance frameworks. For Sustainable Ethereum , several hurdles must be addressed: Governance Complexity: Reaching consensus among a diverse community on how to allocate funds can be slow and cumbersome. Security Risks: Large treasuries are attractive targets for hackers, necessitating top-tier security measures for smart contracts and multisig wallets. Market Volatility: The inherent price fluctuations of crypto assets mean that the value of a treasury can change dramatically, impacting long-term planning. Transparency vs. Efficiency: Balancing the need for complete transparency with the agility required for timely financial decisions. Legal and Regulatory Uncertainty: The evolving regulatory landscape for DAOs and crypto assets adds a layer of complexity to treasury operations. Despite these challenges, the commitment from leaders like Joseph Lubin signals a strong drive towards overcoming them. The Ethereum community is continuously innovating, developing more efficient DAO tooling, advanced financial strategies, and clearer governance models to ensure that its treasuries are not just large, but also liquid, secure, and actively contributing to the network’s vitality. The emphasis on treasuries isn’t just about financial health; it’s about building a resilient, self-sustaining ecosystem that can adapt to future challenges and continue to lead the way in decentralized innovation. It’s about empowering the community to collectively decide its future and fund its most ambitious endeavors. A Compelling Future Powered by Collective Wealth Joseph Lubin’s timely remarks serve as a powerful reminder of a critical element for Ethereum’s continued success: the strategic and active management of its collective wealth. It’s not enough to simply accumulate ETH; the true potential of the ecosystem lies in its ability to deploy these resources effectively, fostering innovation, supporting infrastructure, and empowering its vast community. By transforming dormant holdings into dynamic capital, Ethereum can unlock unprecedented growth, solidify its foundation, and continue to lead the charge in building the decentralized future. The journey ahead demands foresight, collaboration, and a commitment to leveraging every asset for the greater good of the network. It’s an exciting prospect for anyone invested in the future of Web3. To learn more about the latest Ethereum trends, explore our article on key developments shaping Ethereum’s institutional adoption.

9 Jul 2025, 16:26

Polygon is set to run its most complex hard fork to date on Thursday

Polygon is set to run its most complex hard fork to date on Thursday. To enhance its backbone, it will add a new consensus layer called Heimdall 2.0 to its proof-of-stake (PoS) blockchain. In an X post, Polygon Foundation CEO Sandeep Nailwal said , “This is the most technically complex hard-fork Polygon PoS has seen since its launch in 2020.” The upgrade is also expected to replace legacy components dating back to 2018 and 2019 with newer infrastructure. The upgrade follows a change in Polygon Foundation’s leadership structure from decentralized governance to having Polygon co-founder Sandeep Nailwal assume complete executive control. After which, Nailwal said it was time for Polygon to move faster and more aggressively with full conviction and focus. The upgrade shortens the finality to about five seconds The new update will reduce the blockchain’s finality to about five seconds and minimize the chance of chain reorganizations beyond two blocks. This will allow the network to be more stable and bridges to be more secure, improving user experience and upgradeability. Polygon previously noted that the estimated time for script execution (excluding potential troubleshooting or preparation) would be roughly 30 minutes on the mainnet. Nailwal asked the community to prepare for temporary instability. Investors are asked to be cautious while the system upgrades its core consensus engine. He said Heimdall’s conclusion would be about three hours late for now. In other words, the PoS chain will be unable to complete blocks on Thursday while the upgrade is happening. This could last for up to three hours. Nailwal also said that the move is a step toward making checkpoints faster and making way for future improvements. Although most validators updated before the deadline, the CEO of the Polygon Foundation told node operators who were still using older versions to get ready right away. To that end, Nailwal says, “Let’s make this the smoothest upgrade yet. Most validators have already upgraded, but in case you haven’t yet, test early, spread the word, and ping us if you hit snags.” The POL price points to a bullish trend June saw weeks of flat price changes for Polygon’s native POL token. It’s finally starting to show signs of strength as July 10th approaches. The price of POL is up 6.4% in 24 hours, trading at $ 0.1997 at the time of writing. POL has a market capitalization of $1.8 billion. POL also outperformed the broader crypto market. According to the Block’s GMCI 30 index, which measures the performance of the top 30 cryptocurrencies, it has gained 1.7%. Meanwhile, the Polygon price is trying to break above a descending trendline that was made by joining several highs that have been made since mid-May. At $0.197 and $0.199, this level is close to the daily resistance level and the 50-day Exponential Moving Average (EMA). This makes it a key area of resistance. With a daily finish above the 50-day exponential moving average (EMA) at $0.199, POL could keep going up and reach $0.220. It is the 50% Fibonacci retracement from the high point on May 11 at $0.277 to the low point on June 22 at $0.164. POL/USDT daily chart Source: Trading View On the daily chart, the Relative Strength Index (RSI) is 56 and pointing up. This means that the trend is moving in the bullish direction. It also has green histogram bars that are rising above its neutral zero line. This means that positive momentum is building and the trend is continuing up. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now