Does standard activity on Polygon drive POL currency recovery?
◉ Unprecedented on-chain activity has led Polygon to a record of 94 million stablecoin transfers, with the USDC supply rising to approximately 1.49 billion, confirming the actual use expansion of the network ▲
◉ POL Token Burn Approximately 28.9 million POL tokens have been burned, reducing the supply and supporting scarcity, but selling pressure remains due to the intensity of supply in the market ▼
◉ Price Performance Despite strong on-chain activity, POL has remained on a downward path with sellers in control
📉 Continued pressure may keep the price between 0.08 – 0.09
📈 A shift in activity to actual demand could push the price towards 0.108
◉ In summary, Polygon leads in usage and activity, but the price still needs genuine buying momentum to reflect these figures on POL movement ⚖️
