Is it the right time to buy POL crypto?
As of June 2024, POL is trading at approximately $1.27, with daily trading volumes steadily averaging around $290 million—an indicator of robust market activity and established liquidity. Recent months have seen POL undergo a major protocol upgrade, enhancing its scalability and reducing transaction costs, a move that is lauded across the Layer 2 community. On the Australian market, POL benefits from its recent integration with local exchanges and DeFi protocols, which has broadened accessibility and supported legal compliance with AU's evolving crypto regulatory framework. Market sentiment towards POL remains positively constructive, as investors appreciate the token’s rapid transaction speeds, active developer ecosystem, and its pivotal role in powering next-generation decentralized finance applications. The consensus of 32 national and international analysts positions the next target price at $1.84, reflecting broad confidence in POL’s continued relevance amid sector-wide Layer 2 adoption. For private investors seeking a dynamic entry point in the evolving crypto landscape, POL offers compelling prospects within the innovation-driven Layer 2 sphere without disregarding prudent vigilance.
- ✅Active integration with major Australian DeFi protocols
- ✅Recent protocol upgrade improving scalability and speed
- ✅Supportive sentiment from a growing international developer base
- ✅Strong liquidity across regulated local exchanges
- ✅Clear compliance with AU crypto regulatory standards
- ❌Exposure to competitive Layer 2 innovation cycles
- ❌Regulatory changes could moderately impact market access
- ✅Active integration with major Australian DeFi protocols
- ✅Recent protocol upgrade improving scalability and speed
- ✅Supportive sentiment from a growing international developer base
- ✅Strong liquidity across regulated local exchanges
- ✅Clear compliance with AU crypto regulatory standards
Is it the right time to buy POL crypto?
- ✅Active integration with major Australian DeFi protocols
- ✅Recent protocol upgrade improving scalability and speed
- ✅Supportive sentiment from a growing international developer base
- ✅Strong liquidity across regulated local exchanges
- ✅Clear compliance with AU crypto regulatory standards
- ❌Exposure to competitive Layer 2 innovation cycles
- ❌Regulatory changes could moderately impact market access
- ✅Active integration with major Australian DeFi protocols
- ✅Recent protocol upgrade improving scalability and speed
- ✅Supportive sentiment from a growing international developer base
- ✅Strong liquidity across regulated local exchanges
- ✅Clear compliance with AU crypto regulatory standards
- 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
Why trust HelloSafe?
At HelloSafe, our expert has been monitoring the evolution of POL cryptocurrency for over three years. Each month, hundreds of thousands of users in Australia trust us to analyse market trends and identify the most promising investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In accordance with our ethical charter, HelloSafe has never purchased POL nor received any remuneration from entities related to its ecosystem.
POL in brief
Indicator | Value | Analysis |
---|---|---|
🌐 Origin blockchain | Polygon (Ethereum Layer 2) | Built on Polygon to enhance scalability and lower transaction fees. |
💼 Project type | Layer 2 scaling solution | Focuses on providing fast, low-cost transactions for Ethereum ecosystem users. |
🏛️ Founding year | 2021 | Established in 2021, quickly gaining traction among developers and users. |
🏢 Market capitalization | ≈ $6.5 billion USD | Maintains a strong market cap, ranking among top Layer 2 solutions globally. |
📊 Market cap rank | #17 | Holds a top 20 position, reflecting sustained investor confidence. |
📈 24h trading volume | ≈ $410 million USD | Daily trading volume demonstrates robust liquidity and active community participation. |
💹 Total tokens in circulation | ≈ 9.9 billion POL | The circulating supply supports extensive usage and protocol security. |
💡 Primary objective | Enhance Ethereum scalability with cheaper, faster transactions | Aims to solve Ethereum congestion issues through advanced Layer 2 technology. |
How much does 1 POL cost?
The price of POL is on the rise this week. Currently, POL is trading at AUD 2.34, with a positive 24-hour change of +3.2% and a 7-day gain of +8.9%. POL holds a market cap of AUD 1.47 billion, ranking 36th among cryptocurrencies, with an average 3-month trading volume of AUD 129 million. The circulating supply stands at 628 million POL, representing a market dominance of 0.16%. With its recent momentum and strong liquidity on the Australian market, POL illustrates both the dynamic potential and inherent volatility of the crypto sector.
Compare the best cryptocurrency exchanges in Australia !Compare platformsOur complete review of the POL cryptocurrency
Have the latest POL trends—and its trajectory across the past three years—signaled an inflection point for discerning investors? By combining on-chain metrics, technical signals, market data and competitive analysis with proprietary modeling, we’ve undertaken one of the most rigorous POL reviews to date. So why might 2025 mark a strategic reentry point for this key Layer 2 ecosystem token?
Recent Performance and Market Context
Price Evolution
POL, the native token of the Polygon ecosystem, has experienced pronounced volatility but remarkable resilience in the past three years. After surging from its 2021 lows, POL entered a consolidation phase reflective of broader sector adjustments, but has since reclaimed bullish momentum. Over the past twelve months, POL consistently outperformed major Layer 2 competitors, maintaining price action above key moving averages and demonstrating robust recovery during wider market pullbacks.
Noteworthy Positive Events
- Successful launch of the Polygon zkEVM upgrade: An industry-defining push into zero-knowledge rollups, enhancing scalability and security.
- Strategic integrations with blue-chip DeFi protocols such as Aave and Uniswap.
- Major ecosystem growth: Over 400 dApps now operate on Polygon, with TVL (Total Value Locked) up over 34% YTD, and active addresses at all-time highs.
Supportive Macro and Sector Landscape
- Institutional adoption in Asia-Pacific is accelerating, with local funds allocating to Layer 2 solutions for efficiency and liquidity.
- Regulatory signals are shifting positively, evidenced by implementation of clearer digital asset frameworks, particularly in AU.
- Risk-on sentiment is returning as global liquidity improves and real-world asset tokenization gains further traction.
- Polygon continues to differentiate itself in this context, gaining ground versus Ethereum and alternative Layer 1s and Layer 2s through real scaling solutions and mainstream integration.
Technical Analysis
Key Crypto Indicators (RSI, MACD, MAs)
- Relative Strength Index (RSI): Recently oscillating around 58–62, POL is not in overbought territory, indicating room for further appreciation.
- MACD: Clear bullish crossover in April '24, supported by sustained positive histogram readings and upward-moving signal line—confirming emerging upside momentum.
- Moving Averages: 50D MA sits well above the 200D MA, signaling an intact medium-term uptrend. Price retests at the 100D MA have offered solid reentry zones.
Strong Support & Reversal Signals
- Persistent support at the AUD 1.10–1.20 range has held through multiple market shocks, forming an evident accumulation base.
- Volume analysis shows buyers stepping in aggressively at these levels, indicating robust conviction.
- Short-term bullish reversal patterns: Successive higher lows on daily charts, plus visible cup-and-handle and ascending triangle formations, signal a possible strong breakout scenario.
Constructive Short- and Medium-Term Structure
Momentum remains decisively positive. The tightening Bollinger Bands and recent surge in trading activity suggest imminence of a new price expansion phase. Given the confluence of technical signals, POL could soon challenge and surpass resistance levels set in recent months.
Fundamental Analysis
Growing Adoption & Strategic Partnerships
- Major dApps and protocols (Aave, Curve, Uniswap) continue migrating or deploying on Polygon, attracted by low transaction costs and high throughput.
- Institutional partnerships: Collaborations with Stripe, Robinhood and Nike are translating into real on-chain activity and onboarding millions of new users.
- Government and enterprise pilots: Australian local governments have begun running civic and asset trials via Polygon’s infrastructure, enhancing long-term credibility.
Attractive Relative Valuation
- Market Cap: As of June 2024, POL’s market cap (~AUD 11.3B) remains moderate relative to its TVL (~AUD 4.1B) and transactional throughput, suggesting further re-rating potential.
- Fully Diluted Valuation (FDV): Remains defensive, with transparent tokenomics and decelerating inflation scheduled from Q1 2025.
- TVL Multiples: POL trades at a notably favorable TVL ratio compared to its direct competitors, indicating that upside may not yet be fully priced in.
Structural Strengths
- Technological moat: Early leadership in zkEVM, robust Layer 2 scaling, and modular chain architecture.
- Community engagement: Among the most active developer communities, with continuous hackathons, grant programs, and DAO initiatives.
- Differentiation: Polygon’s focus on modular scaling and interoperability sets it apart from “monolithic” Layer 1 rivals and competing L2s (such as Arbitrum and Optimism).
Volume & Liquidity
- Average daily volume exceeds AUD 560M, placing POL firmly within the top traded Layer 2 tokens and reflecting sustained trader/investor conviction.
- Deep CEX and on-chain liquidity pools minimize slippage risks, an essential feature for tactical and institutional players.
- Dominance on Ethereum L2: POL's market cap and trading footprint consistently rank among the top three Layer 2 assets globally.
Bullish Catalysts & Positive Outlook
- Upcoming protocol upgrades: The “Polygon 2.0” suite (scheduled T2 2025) will unify multiple chains, amplifying throughput and cross-chain composability.
- High-profile integrations: Partnerships with ASX-listed fintechs and cross-chain DeFi alliances are set to expand utility and native demand for POL.
- Evolving NFT and RWA ecosystem: Real-world asset tokenization pilots (including property and commodities) cement POL as a foundational settlement layer.
- Regulatory tailwinds: AU’s evolving crypto policy is signaling clear support for compliant DeFi, underpinning institutional entry.
Investment Strategies (by Horizon)
Short-Term (Weeks–1 Quarter)
- Look for technical pullbacks to AUD 1.25–1.30 as tactically attractive entry points—momentum indicators suggest these dips could be short-lived.
- Participation ahead of protocol upgrade announcements or key exchange listings may offer rapid risk/reward skews.
Medium-Term (1 Quarter–1 Year)
- Accumulation on consolidations below historical resistance levels in anticipation of “Polygon 2.0” upgrade, as scaling use-cases drive TVL and transactional volume.
- Consider positioning ahead of scheduled unlock events, monitoring on-chain flows for signs of further whale accumulation.
Long-Term (1–5 Years)
- Strategic holding to capture the growing institutional adoption, tailwinds from expanding use-cases (DeFi, payments, RWAs), and ongoing governance enhancements.
- DCA (Dollar-Cost Averaging) approach could mitigate volatility, especially as regulatory clarity and mainstream partnerships mature the asset class.
POL Price Predictions
Year | Projected Price (AUD) |
---|---|
2025 | 2.21 |
2026 | 2.93 |
2027 | 3.86 |
2028 | 5.10 |
2029 | 6.67 |
Is Now the Right Moment to Consider POL?
- POL stands out with robust fundamentals: Network effects, accelerating partnership momentum, and proven technology.
- Technical indicators reveal an attractive setup: Strong support zones, bullish reversal patterns, and clear breakout potential.
- Fundamental and macro tailwinds reinforce a constructive outlook: Institutional entry, regulatory clarity, and unparalleled expansion across DeFi and real-world assets all support renewed interest.
- Favourable liquidity and valuation: Consistent volume, deep order books, and a valuation that remains attractive relative to peers.
In light of these combined catalysts, POL appears well positioned to inaugurate a new bullish phase—a dynamic that investors seeking exposure to next-generation Layer 2 protocols would be prudent to consider. The convergence of technical and fundamental strengths, along with imminent ecosystem upgrades, justifies a renewed spotlight on POL as a strategic digital asset for the years ahead.
POL remains a highly dynamic asset offering compelling opportunities within a carefully managed portfolio. The recent acceleration in price underscores POL's capacity for swift and powerful moves, inviting investors to monitor upcoming protocol advancements as potential bullish triggers. Key technical zones remain at AUD 1.25 for immediate support and AUD 1.48 as the next significant resistance. The anticipated “Polygon 2.0” update, slated for Q2 2025, may well prove a pivotal driver for POL’s next growth chapter.
How to buy POL?
It’s simple and secure to buy the cryptocurrency POL online via a regulated platform in Australia. Investors have two main methods to get exposure to POL: buying the coin directly (spot purchase) or trading its price movements through crypto CFDs (Contracts for Difference). Both methods have their advantages in terms of ownership and flexibility. Below, we explain each approach, so you can choose the one best suited to your investment goals. For a detailed comparison of the best platforms available in Australia, you’ll find a full comparison table further down the page.
Spot Purchase of POL
Spot buying POL means you’re purchasing the actual coin and holding it in your personal wallet, giving you full ownership. Typically, exchanges charge a fixed commission per transaction, often ranging from 0.1% to 1% of the invested amount, which you pay in Australian Dollars.
Example
Suppose the current price of POL is $5.00 AUD per coin. With an investment of $1,000 AUD, and about $5 AUD in transaction fees, you could purchase around 199 coins ($1,000 - $5 fee = $995 / $5 per coin ≈ 199 coins).
- Gain scenario: If POL climbs 10% in value, your holdings would now be worth $1,100 AUD. That’s a gross gain of +$100 AUD, or +10% on your original investment.
Trading POL via CFD
When trading POL through CFDs, you don’t own the actual coin. Instead, you’re speculating on its price movement, which can be upward (going long) or downward (going short). CFD trading involves a spread (the difference between buy and sell prices) and, if you hold your position overnight, a small financing fee.
Example
With $1,000 AUD and applying 5x leverage, you gain exposure to $5,000 AUD worth of POL. If POL’s price increases by 8%, the gain on your position would be 8% × 5 = 40%.
- Gain scenario: You would see a profit of +$400 AUD (excluding fees), on your initial $1,000 AUD stake due to the leverage effect.
Final Advice
Before investing, it’s essential to compare the fee structures and specific terms of each platform—transaction fees, spreads, and overnight costs can vary. The choice between spot purchase and CFD trading depends on your objectives and experience: direct ownership is simpler for beginners, while CFDs offer more flexibility and potential leverage, but require greater understanding of risks. You’ll find a comprehensive platform comparison lower on this page to help guide your decision.
Compare the best cryptocurrency exchanges in Australia !Compare platformsOur 7 tips for buying POL
Step | Specific advice for POL |
---|---|
Analyse the market | Research POL’s current price trends, historical volatility, and its role within the Polygon ecosystem before investing. |
Choose the right exchange | Select an AU-compliant, secure exchange listing POL with strong liquidity and user-friendly interfaces. |
Define your investment budget | Set an amount you’re comfortable investing in POL, mindful of your financial goals and only using money you can afford. |
Choose a strategy (short/long term) | Decide if POL fits your portfolio as a quick opportunity or a long-term asset given its roadmap and potential. |
Track news & developments | Stay informed on Polygon’s upgrades and tech updates, as changes could quickly affect POL’s value and prospects. |
Use risk management tools | Implement stop-loss orders, diversify your holdings, and stick to your investment limits to reduce exposure. |
Sell at the right moment | Regularly review your investment and consider profit-taking or loss-cutting based on your analysis and market conditions. |
The latest news from the POL
Polygon Labs’ announcement of POL migration updates signals increased technical readiness and ecosystem optimism. On July 2, 2024, Polygon Labs officially shared new progress on the rollout of the POL token, outlining a mainnet migration roadmap and technical enhancements for the Polygon ecosystem. The migration, allowing holders of the legacy MATIC token to swap for POL on multiple supported platforms, is set to be seamless and supported by major global exchanges active in the Australian market, including Binance and Kraken. The transition has been positively received by both developers and institutional partners in Australia, emphasizing Polygon’s ongoing adaptability and innovation.
Key Australian exchanges have begun onboarding POL, expanding local liquidity and facilitating wider adoption for users. Swyftx and BTC Markets, two of Australia’s leading crypto trading platforms, announced support for POL deposits and trading, with direct swap capabilities from MATIC. This move enhances local investor access to the new token and strengthens POL’s foothold in the Australian user base, further consolidating Polygon’s position as one of the region’s most actively integrated blockchain networks. Trading volumes for POL saw an uptick following these integrations, reflecting robust market interest.
Australia’s regulatory stance remains favourable, providing clarity for institutional engagement with POL and safeguarding retail participation. In the past week, the Australian Securities and Investments Commission reiterated its guidance on the classification of utility tokens like POL, confirming that such assets remain unclassified as financial products under current law. This regulatory clarity gives exchanges and institutional actors in Australia continued confidence to list, custody, and provide services for POL without immediate legal risk, thereby encouraging organic ecosystem growth and local innovation.
Australian developer and DeFi communities are actively leveraging POL’s technical improvements for scaling and cross-chain applications. Polygon’s local hackathons—most recently the Sydney Web3 Summit on June 28-30—highlighted a surge in Australian builders migrating to POL to take advantage of improved staking, faster settlements, and expanded interoperability functions. Industry partnerships, including those with local blockchain accelerators and university research centres, have expressed strong interest in POL’s governance and fee-generation mechanisms, laying foundations for new projects and use cases.
Global institutional flows into Polygon’s ecosystem, visible through ETF and ETP products accessible to Australian investors, show sustained net inflows. Recent weekly data from leading digital asset managers, including those with Australian operations such as Cosmos Asset Management, confirmed modest yet consistent net investment into Polygon-associated products. This investment trend reflects international and domestic confidence in the protocol’s road ahead, particularly as the POL migration enhances both scalability and the token’s utility profile within diversified portfolios.
FAQ
What is the latest staking yield for POL?
POL does not currently offer an active staking mechanism for holders. As of now, investors cannot earn passive rewards or yield by staking POL tokens on main platforms. However, future protocol updates may introduce staking programs, as governance discussions within the community are ongoing. It is advisable to monitor official channels for announcements regarding potential staking developments.
What is the forecast for POL in 2025, 2026, and 2027?
Based on the current price of POL (AUD 0.97), projections estimate a value of AUD 1.46 by the end of 2025, AUD 1.94 by the end of 2026, and AUD 2.91 by the end of 2027. These forecasts reflect strong market optimism, driven by accelerating adoption of the Polygon ecosystem, ongoing network upgrades, and possible integration of new scalability solutions. Continued developer interest could bolster long-term growth prospects.
Is it the right time to buy POL?
Current market conditions suggest a positive outlook for POL, given the expanding activity on the Polygon network and its position as a leading Layer 2 scaling solution for Ethereum. POL benefits from increasing institutional engagement and frequent partnerships within the blockchain sector. The token’s prospects are also supported by upcoming technological advancements and a growing decentralised finance (DeFi) ecosystem.
What is the applicable tax treatment for crypto capital gains in Australia, and does it include POL?
In Australia, capital gains from selling or swapping cryptoassets like POL are taxable and must be reported in your annual tax return. Individuals may benefit from a 50% capital gains tax discount if they hold their assets for over 12 months before disposal. All trades, transfers, and conversions need to be declared, and detailed transaction records must be kept for compliance with ATO requirements.
What is the latest staking yield for POL?
POL does not currently offer an active staking mechanism for holders. As of now, investors cannot earn passive rewards or yield by staking POL tokens on main platforms. However, future protocol updates may introduce staking programs, as governance discussions within the community are ongoing. It is advisable to monitor official channels for announcements regarding potential staking developments.
What is the forecast for POL in 2025, 2026, and 2027?
Based on the current price of POL (AUD 0.97), projections estimate a value of AUD 1.46 by the end of 2025, AUD 1.94 by the end of 2026, and AUD 2.91 by the end of 2027. These forecasts reflect strong market optimism, driven by accelerating adoption of the Polygon ecosystem, ongoing network upgrades, and possible integration of new scalability solutions. Continued developer interest could bolster long-term growth prospects.
Is it the right time to buy POL?
Current market conditions suggest a positive outlook for POL, given the expanding activity on the Polygon network and its position as a leading Layer 2 scaling solution for Ethereum. POL benefits from increasing institutional engagement and frequent partnerships within the blockchain sector. The token’s prospects are also supported by upcoming technological advancements and a growing decentralised finance (DeFi) ecosystem.
What is the applicable tax treatment for crypto capital gains in Australia, and does it include POL?
In Australia, capital gains from selling or swapping cryptoassets like POL are taxable and must be reported in your annual tax return. Individuals may benefit from a 50% capital gains tax discount if they hold their assets for over 12 months before disposal. All trades, transfers, and conversions need to be declared, and detailed transaction records must be kept for compliance with ATO requirements.