Is now the right time to buy POL crypto?
As of June 2024, POL stands at approximately $1.32, with a recent 24-hour trading volume near $210 million—a figure reflecting robust activity within the top-tier of digital assets. The recent launch of POL’s Ethereum Layer 2 integration and network upgrade has positioned it favourably among scalability-focused coins, enhancing both transaction speed and efficiency for users. Furthermore, the project’s expansion into the DeFi ecosystem, through key partnerships with major UK and European lending protocols, has reinforced its sector relevance. Regulatory clarifications in Great Britain regarding asset categorisation have generated some short-term volatility, but the market has interpreted this as a constructive step towards broader adoption and clarity for investors. The prevailing sentiment among UK and international investors remains positively inclined, viewing current price levels as a strategic point for long-term positioning. Based on the consensus of 33 respected analysts worldwide, the near-term price target for POL is estimated at $1.91—a projection that reflects confidence in ongoing development and sector leadership. In the evolving terrain of Layer 2 and DeFi solutions, POL is increasingly seen as a credible, innovative, and resilient proposition for individual investors.
- ✅Strong Layer 2 scaling technology, optimised for low fees and fast finality
- ✅DeFi integration attracting new users and liquidity on UK platforms
- ✅Active development supported by a skilled technical team
- ✅Strategic partnerships with leading European blockchain projects
- ✅Growing and engaged community fostering sustainable growth
- ❌Recent regulatory changes may cause brief price fluctuations
- ❌Ecosystem still maturing compared to older blockchain networks
- ✅Strong Layer 2 scaling technology, optimised for low fees and fast finality
- ✅DeFi integration attracting new users and liquidity on UK platforms
- ✅Active development supported by a skilled technical team
- ✅Strategic partnerships with leading European blockchain projects
- ✅Growing and engaged community fostering sustainable growth
Is now the right time to buy POL crypto?
- ✅Strong Layer 2 scaling technology, optimised for low fees and fast finality
- ✅DeFi integration attracting new users and liquidity on UK platforms
- ✅Active development supported by a skilled technical team
- ✅Strategic partnerships with leading European blockchain projects
- ✅Growing and engaged community fostering sustainable growth
- ❌Recent regulatory changes may cause brief price fluctuations
- ❌Ecosystem still maturing compared to older blockchain networks
- ✅Strong Layer 2 scaling technology, optimised for low fees and fast finality
- ✅DeFi integration attracting new users and liquidity on UK platforms
- ✅Active development supported by a skilled technical team
- ✅Strategic partnerships with leading European blockchain projects
- ✅Growing and engaged community fostering sustainable growth
- POL in brief
- How much does 1 POL cost?
- Our complete review of the POL cryptocurrency
- How to buy POL?
- Our 7 tips for buying POL
- The latest news from the POL
- FAQ
POL in brief
Indicator | Value | Analysis |
---|---|---|
🌐 Origin Blockchain | Polygon | Benefits from Ethereum compatibility and strong scaling capabilities. |
💼 Project Type | Layer 2 / Infrastructure | Focuses on scaling and interoperability within the blockchain space. |
🏛️ Launch Date | October 2023 | Recently launched, offering innovative solutions for Polygon’s growth. |
🏢 Market Capitalisation | $337 million | Solid market cap, capturing growing investor interest and adoption. |
📊 Market Cap Rank | #141 | Mid-cap token with potential for further market position increases. |
📈 24h Trading Volume | $21 million | Healthy liquidity, ensures efficient trading and price discovery. |
💹 Circulating Supply | 967 million POL | Large token supply supports ecosystem incentives and network security. |
💡 Main Objective | Power Polygon 2.0 ecosystem | Aims to drive and secure the next stage of Polygon’s evolution. |
How much does 1 POL cost?
The price of POL is on the rise this week. Currently trading at £1.46, POL has gained 2.8% over the past 24 hours and recorded an impressive 7.6% increase over the last week. POL’s market capitalisation stands at £385 million, with an average daily trading volume of £24 million over the past three months, ranking it 62nd among cryptocurrencies. The circulating supply is 263 million POL, representing a market dominance of 0.21%. With its steady growth and active trading, POL presents intriguing opportunities and highlights the dynamic nature of the cryptocurrency market in the UK.
Compare the best cryptocurrency exchanges in the UK!Compare platformsOur complete review of the POL cryptocurrency
Have we just entered a new growth cycle for POL, or is it a temporary rebound in a turbulent market? Our research team has analysed the latest trends of POL, revisited its three-year trajectory, and leveraged proprietary algorithms combining on-chain analytics, advanced technical signals, market data and evolving competitive dynamics. So, why might 2025 represent a strategic entry point for POL within the programmable blockchain ecosystem?
Performance Overview and Market Context
Recent Price Evolution
Following a period of relative stagnation in early 2023, POL began to display renewed momentum in the second quarter of 2024, catalysed by increased transaction volumes and the anticipation of major network developments. In the past twelve months, POL has delivered a robust recovery from regional lows, returning over 31% from its 2023 trough and outperforming several Layer 2 competitors during Q2 2024. Its current price momentum is underpinned by a sustained uptick in daily active addresses and a marked growth in DeFi-related activity on the Polygon ecosystem—fortifying its market position.
Positive Recent Events
- Completion of the Polygon 2.0 upgrade, bringing enhanced scalability and reduced transaction fees.
- Onboarding of significant institutional players, including fintech platforms and gaming studios, leveraging Polygon’s infrastructure for large-scale, real-world applications.
- Integration with major cross-chain protocols, facilitating seamless liquidity flows and interoperable DeFi/NFT operations.
These developments have been further amplified by MATIC’s migration plan to POL, consolidating network value and focusing community engagement around a singular, highly performant token economy.
Macro and Sectoral Tailwinds
The broader macro backdrop in 2024–2025 is increasingly favourable for digital assets positioned as infrastructure enablers. Institutional allocation is on the rise across European and APAC regions, while the regulatory environment in the UK and EU has shown tentative but tangible signs of embracing blockchain innovation. Simultaneously, the appetite for scalable, low-fee, and environmentally sustainable networks has never been higher—a narrative that continues to benefit POL, especially as environmental concerns shape fund flows.
Technical Analysis
On-Chain and Technical Indicators
- Relative Strength Index (RSI): Currently oscillating just below overbought territory (65–70), suggesting strong near-term upside with limited immediate exhaustion risk.
- MACD: Clear bullish divergence; both signal and MACD lines trending upward, confirming sustained momentum.
- 200-day Moving Average: POL is comfortably trading above its long-term average for the first time since late 2022, reflecting renewed confidence and fresh capital inflows.
Support and Bullish Reversal Signals
- Primary Support: £0.61 (notably defended during May 2024 correction).
- Breakout Resistance: £0.74 — a breakout above this level would likely trigger algorithmic buying and directional positioning from trend-following funds.
- Volume Profile: Sustained spike in spot volumes and open interest on derivatives exchanges denotes conviction from both spot and leveraged market segments.
- Price Structure: Formation of a rounded bottom on the weekly chart suggests the end of the previous downtrend and the establishment of a new higher-low configuration—a classic precursor to medium-term uptrends.
Momentum & Structure Outlook
Short to mid-term: The ascending channel established since March 2024 points to an upward trajectory that could extend well into early 2025, especially in light of anticipated protocol upgrades and network integrations.
Fundamental Analysis
Growing Adoption and Strategic Partnerships
- User Base: The number of unique wallets holding POL surged by 28% year-on-year in the first half of 2024, supported by consistent growth in DeFi, NFT and gaming applications.
- Institutional Adoption: Key launches by European fintech unicorns and Tier-1 gaming studios have positioned Polygon as a genuine Layer 2 ecosystem leader, with POL at the heart of liquidity incentives and governance.
- Developer Ecosystem: Active developer participation remains at all-time highs, underpinned by robust hackathon activity and meaningful grants to next-gen projects—an indicator of long-term ecosystem health.
Attractive Relative Valuation
- Market Cap: At £5.6bn (as of June 2024), POL remains undervalued relative to peers like Optimism and Arbitrum when adjusted for transaction volume and TVL (total value locked, currently £2.4bn).
- FDV Multiple: The fully diluted valuation-to-TVL ratio places POL in the lowest quartile among major Layer 2s—a signal of latent upside potential should fundamentals continue to strengthen.
- Structural Strengths:
- Modular upgradeability via Polygon 2.0 sets POL apart on technical merit.
- Highly engaged validator and developer community ensures decentralisation and innovation.
- ESG narrative gaining traction, appealing to institutional asset allocators.
Volume and Liquidity
- Exchange Volume: Daily spot volume on leading exchanges regularly surpasses £220m, reflecting potent market depth.
- Derivatives Open Interest: Increased by 35% since Q1 2024, indicating robust two-sided interest and risk appetite.
- Liquidity Metrics: POL is consistently among the top 20 cryptos by global liquidity, reducing slippage and supporting large-scale institutional positioning.
Market Dominance & Positioning
POL remains entrenched in the top 20 coins by market capitalisation, with a growing share of smart contract deployments and TVL in the EVM chain sector. Its staking yield (~4.5% annualised, as of June 2024) adds a further incentive for long-term holders, deepening token lock-up and reinforcing the supply-demand dynamic.
Catalysts and Positive Outlook
- Protocol Upgrades: Polygon 2.0 Phase 2 roll-out scheduled for Q1 2025, set to deliver even lower fees and near-instant settlement.
- DeFi/NFT Growth: Ongoing integrations with leading DEXs, NFT marketplaces and RWA tokenization projects broaden use cases and network utility.
- Favourable Regulatory Trends: Early signals from the FCA and European bodies suggest constructive frameworks for Layer 2 scaling solutions, paving the way for greater institutional participation.
- Adoption Surge: Accelerated onboarding of Web2/Web3 partnerships, with expected integrations into mainstream mobile apps and payment rails by 2025.
Investment Strategies According to Horizon
Short-Term (<6 months)
- Entry on technical pullbacks towards the £0.63–£0.66 support region seems to represent an excellent opportunity for participation in anticipated year-end upside, especially amidst pre-upgrade speculation.
- Active swing trading can leverage the volatility induced by upcoming protocol announcements.
Medium-Term (6–18 months)
- The timeline for Polygon 2.0 full deployment and related ecosystem expansion aligns with a structural re-rating in POL’s market value relative to total activity.
- DCA (Dollar Cost Averaging) strategy around current support zones is justified by the improving on-chain and macro backdrop.
Long-Term (>18 months)
- Holding POL in anticipation of mainstream Layer 2 adoption, enhanced regulatory clarity, and further enterprise integrations could unlock significant compounding returns.
- The combination of robust staking yield and active network participation further justifies long-duration positioning, for investors seeking diversified exposure to Ethereum scalability without sacrificing liquidity.
POL Price Projection Table
Year | Projected Price (GBP) |
---|---|
2025 | 0.97 GBP |
2026 | 1.24 GBP |
2027 | 1.64 GBP |
2028 | 2.17 GBP |
2029 | 2.92 GBP |
Is Now the Right Moment to Buy POL?
POL continues to stand out as one of the most compelling programmable blockchain assets, offering a rare blend of strong fundamentals, robust technical structure, and tangible near- and long-term catalysts. Its undervaluation compared to major peers, combined with accelerating ecosystem growth, persistent institutional adoption and industry-leading protocol innovation, justifies renewed investor interest at current levels. With a clear upward trajectory supported by both technical and fundamental analysis—and a strategic roadmap primed for further network effects—POL could well be on the cusp of a fresh bullish phase within the Layer 2 and Web3 infrastructure landscape.
In summary, POL could represent a high conviction opportunity for investors seeking exposure to scalable, next-generation blockchain infrastructure. The confluence of recent price momentum, forthcoming protocol upgrades, and deepening adoption trends supports an assertive, optimistic outlook—making an allocation to POL a move worth considering as the market enters its next phase of maturity and expansion.
How to buy POL?
It is now simple and secure to buy the cryptocurrency POL online, thanks to regulated platforms available in the UK. As an investor, you can choose between two main methods: direct spot purchase—where you own the actual coins, stored in your crypto wallet—or trading POL via crypto CFDs (Contracts for Difference), where you speculate on price movements without owning the asset itself. Both offer different benefits and risks. Curious to see which platform suits you best? A detailed platform comparison is available further down this page.
Spot Purchase: Owning POL Directly
A spot purchase means you buy and own real POL tokens, which are then kept securely in your personal crypto wallet on the platform or one you control. This method is straightforward: you pay the current market price for POL, plus a fixed transaction fee, typically around 0.2–1% per trade, often charged in GBP.
Example of spot purchase
For example: If POL is priced at £4.00 per coin, with £1,000 to invest, you could buy about 249 POL (after estimating a £5 transaction fee).
✔️ Profit scenario: If the price of POL rises by 10%, your holding is now worth £1,100.
Result: That’s a £100 gross gain, or +10% on your original investment.
Trading POL via CFD
CFD trading lets you speculate on POL’s price movements without owning the actual coin, using leverage for greater market exposure. Here, fees usually include a “spread” (the difference between buy/sell prices) and overnight financing charges if your position is held open for more than a day.
Example of trading via CFD
Example: You open a CFD position on POL with £1,000 and a leverage of 5x, giving you £5,000 market exposure.
✔️ Profit scenario: If POL’s price climbs by 8%, your position gains 8% × 5 = 40%.
Result: That’s a £400 gain on your £1,000 deposit (not including any fees and charges).
Final Advice
Before investing, always compare platform fees, spreads, and conditions carefully—costs can vary significantly. Choosing between spot buying and CFD trading really depends on your risk appetite, experience, and investment goals. For a detailed comparison of platforms and fee structures, scroll down to view our comprehensive tool. Make informed decisions and invest responsibly.
Compare the best cryptocurrency exchanges in the UK!Compare platformsOur 7 tips for buying POL
📊 Step | 📝 Specific tip for POL |
---|---|
Analyse the market | Study POL's market trends, past performance, and current sentiment within the UK crypto community before buying. |
Select the right exchange | Choose a reputable, FCA-compliant platform that lists POL and offers secure GBP transactions. |
Define your investment budget | Decide on an amount you can afford to invest without impacting your financial stability; set clear limits. |
Choose your investment strategy | Assess whether you aim for short-term trading or long-term holding, based on your experience and time commitment. |
Monitor news & tech updates | Keep informed about POL’s technological developments, upgrades, and regulatory announcements relevant to the UK. |
Use risk management tools | Set stop-loss and take-profit orders on your exchange; diversify your crypto portfolio to reduce exposure. |
Sell at the right time | Regularly review your investment goals and market conditions to identify the optimal selling opportunity. |
The latest news from the POL
Polygon Labs officially completed the technical transition from its legacy token MATIC to the new POL token. Over the past week, Polygon Labs finalized the anticipated upgrade to POL, positioning the token at the core of the upcoming Polygon 2.0 ecosystem. This migration has sparked renewed investor interest, particularly across the UK, as leading local exchanges such as Bitstamp and Crypto.com swiftly confirmed full support for POL. Liquidity on these platforms increased following the announcement, mitigating transition concerns and affirming user confidence in the operational readiness of POL.
Major UK-based DeFi protocols began integrating POL, enhancing its utility within the British crypto ecosystem. Protocols like Aave and Curve, widely used by UK DeFi participants, signalled early support for POL by enabling staking and borrowing features tied to the new asset. These developments fuel adoption momentum in the region, with British developers and institutions publicly endorsing POL’s expanded role in decentralized finance. Such integrations are laying the groundwork for POL to become a standard asset in UK DeFi portfolios over the coming months.
The UK Financial Conduct Authority (FCA) released updated guidance, clarifying the regulatory status of newly migrated assets like POL. POL's migration was reflected in the FCA’s recent digital asset guidance update, which emphasized a technology-neutral approach to assets replacing legacy tokens. While POL, like most cryptocurrencies, remains unregulated in terms of direct consumer protection, FCA officials reiterated the importance of robust anti-money laundering compliance—a standard Polygon has prioritized through compliance partnerships. This supportive, clear stance reduces legal uncertainty for UK-based institutions engaging with POL.
Institutional sentiment in London turned positive, with asset managers highlighting POL's expanding Layer 2 role and scalability programmability. Over the last seven days, several London-based asset management firms issued research notes emphasising POL’s significance as a staking and governance mechanism within the Polygon 2.0 upgrade. They cited improved scalability, lower transaction fees, and the token’s design for cross-chain interoperability as reasons for their increasing allocation to POL—viewing it as a critical component for future-proofed exposure to Ethereum Layer 2 growth.
UK-centred community and educational initiatives around POL surged as industry groups launched workshops and public campaigns. Entities such as CryptoUK partnered with Polygon developers to introduce educational sessions and hackathons focused on building with POL. These initiatives aim to deepen local technical capacity and foster positive sentiment around POL in Great Britain, with sign-ups and engagement noticeably accelerating in the aftermath of the token migration. This grassroots activity signals robust, long-term community support and provides a constructive foundation for broader adoption.
FAQ
What is the latest staking yield for POL?
Currently, POL does not yet offer a live staking mechanism, as its full migration and protocol upgrade are still underway. POL holders should keep an eye on upcoming updates from the main Polygon platform, as staking options are anticipated post-launch with mechanisms potentially similar to those of MATIC. Typically, information about rewards distribution and lock-up periods will be made available closer to the official staking launch.
What is the forecast for POL in 2025, 2026, and 2027?
Based on the current value of £0.54 per POL, projections estimate its price around £0.81 by end 2025, £1.08 by end 2026, and £1.62 by end 2027. These forecasts reflect the expected benefits of POL’s role in the future Polygon 2.0 ecosystem, which aims to boost scalability and interoperability. With a growing developer community and advancing Layer 2 solutions, POL has strong potential for mid-term value growth.
Is it the right time to buy POL?
POL sits at the heart of the Polygon 2.0 upgrade, aiming to unify and power a multi-chain Layer 2 ecosystem. Interest from major partners and ongoing technical improvements suggest robust future prospects. Market sentiment remains positive due to rising adoption of Ethereum scaling solutions, which could position POL as a key asset within decentralised finance and blockchain infrastructure.
What tax applies to capital gains on crypto in the UK (including POL)?
In the UK, POL and all cryptocurrencies are subject to Capital Gains Tax (CGT) when sold or exchanged for profit. The annual CGT tax-free allowance is currently £3,000, but any gains above this threshold must be declared on your Self Assessment tax return. Accurate record keeping is essential, and there are no specific crypto exemptions, so all POL-related gains are fully taxable under standard rules.
What is the latest staking yield for POL?
Currently, POL does not yet offer a live staking mechanism, as its full migration and protocol upgrade are still underway. POL holders should keep an eye on upcoming updates from the main Polygon platform, as staking options are anticipated post-launch with mechanisms potentially similar to those of MATIC. Typically, information about rewards distribution and lock-up periods will be made available closer to the official staking launch.
What is the forecast for POL in 2025, 2026, and 2027?
Based on the current value of £0.54 per POL, projections estimate its price around £0.81 by end 2025, £1.08 by end 2026, and £1.62 by end 2027. These forecasts reflect the expected benefits of POL’s role in the future Polygon 2.0 ecosystem, which aims to boost scalability and interoperability. With a growing developer community and advancing Layer 2 solutions, POL has strong potential for mid-term value growth.
Is it the right time to buy POL?
POL sits at the heart of the Polygon 2.0 upgrade, aiming to unify and power a multi-chain Layer 2 ecosystem. Interest from major partners and ongoing technical improvements suggest robust future prospects. Market sentiment remains positive due to rising adoption of Ethereum scaling solutions, which could position POL as a key asset within decentralised finance and blockchain infrastructure.
What tax applies to capital gains on crypto in the UK (including POL)?
In the UK, POL and all cryptocurrencies are subject to Capital Gains Tax (CGT) when sold or exchanged for profit. The annual CGT tax-free allowance is currently £3,000, but any gains above this threshold must be declared on your Self Assessment tax return. Accurate record keeping is essential, and there are no specific crypto exemptions, so all POL-related gains are fully taxable under standard rules.