Polygon Open Money Stack Unveiled as POL Price Surges After Launch

Polygon Open Money Stack Launch Drives POL Price and Network Growth

Can a single announcement really change how investors look at a blockchain? Polygon believes it can. After unveiling the Polygon Open Money Stack, the network sent a clear message about its future and the market reacted fast. Network’s token, POL (previously MATIC), jumped nearly 13% in 24 hours, as traders linked the vision to real payment growth and long-term adoption.

The idea behind the Polygon Open Money Stack is simple but powerful. Capital should move as freely as information moves on the internet. The project says the next three years will decide how money moves for the next thirty, and this launch is its biggest step toward that goal.

Polygon Open Money Stack Launch Drives POL Price and Network Growth

It is a vertically integrated system designed to handle every part of capital movement onchain. Instead of using many disconnected tools, Polygon blockchain wants one smooth stack that includes payments, wallets, blockchain rails, stablecoins, compliance, and yield.

Source: X (formerly Twitter) 

• First, for users, this would mean sending funds without considering concepts like blockchains, fees, and waiting times.

• Secondly, for businesses, this would mean making instant global payments without having to use slower banking methods. 

It is clear that this vision has helped boost confidence and assist in POL price surge.

What the Polygon Open Money Stack Really Means for Everyday Users?

In today’s system, capital often moves slowly, costs too much, and passes through many middlemen. With it money can move instantly, stay onchain, and even earn yield while waiting to be used.

The Project wants the technology to stay invisible. Just like people don’t think about how the internet works when sending an email, users shouldn’t have to think about blockchain when sending payments. Different apps and chains should work together smoothly, all powered by the Polygon Open Money Stack.

Market Reacted Positively to the Announcement

The price rally was not just hype. Network data shows real growth. The network now processes over 5 million transactions per day, and stablecoin supply on the network has reached a three-year high of $3.3 billion.

Token burns are also rising. Around 5 million POL tokens were burned this week, including a single-day record. At the same time, about 34% of POL supply is staked, which reduces selling pressure. These factors helped strengthen the bullish reaction after the Polygon Open Money Stack announcement.

POL Price Prediction 

The price has broken out above the 50-day EMA with a price of around $0.12, and this is an important bullish indication. 

Source: CoinMarketCap POL Chart

Presently, the price is trending around $0.143, and this indicates ample momentum in the price action. The RSI is around 74, and this indicates overbought conditions for the price action.

• Bullish Case: If the buying trend continues, the next resistance level will be close to $0.17. A good pullback may find support at levels between $0.12 and $0.125. 

• Bearish Case: But if it breaches the $0.102 level, the bullish arrangement will weaken.

Final Thoughts

This represents more than just a new product. It symbolizes where the blockchain wants to be in the international finance space.

With its all-inclusive system that combines payments, stable coins, yield, and blockchain infrastructure, the company is gradually emerging as the future monetary system.

This recent jump in the POL price proves that investors are finally taking this vision seriously. 

Disclaimer: This article is for informational purposes only and does not constitute a financial advice, kindly do your own research before investing in the crypto markets.