Polygon surges 12% from prior day…Investor sentiment strengthens on business expansion prospects
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Summary
- Polygon (POL) was reported to be trading at $0.1451 after a 11.82% surge from the previous day, while trading volume increased 131.7%.
- Co-founder Sandeep Nailwal said Polygon will be developed into an “on-chain monetary infrastructure” and unveiled the “Open Money Stack.”
- Polygon is considering an acquisition of Coinme, one of the largest U.S. bitcoin (BTC) ATM operators, and the industry sees it as a stepping stone to link legacy financial infrastructure with blockchain technology.
Polygon (POL), an Ethereum (ETH) Layer 2 network, is showing intraday strength.
As of 8:50 p.m. on the 9th (Korea time), Polygon was trading at $0.1451, up 11.82% from the previous day on CoinMarketCap. Trading volume also rose 131.7% from the prior day to $237.30 million.
The rally is seen as being driven by strengthened investor sentiment after Polygon unveiled plans to expand its business.
Sandeep Nailwal, Polygon’s co-founder, recently said Polygon will be developed into an “on-chain monetary infrastructure.” To that end, Polygon introduced the “Open Money Stack,” a modular framework that links fiat currency and blockchain payments.
Polygon is also reported to be considering an acquisition of Coinme, one of the largest bitcoin (BTC) ATM operators in the United States. The industry believes that if the deal goes through, it could provide Polygon with an important foothold to connect legacy financial infrastructure with blockchain technology.
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