What is $POL POL is the native cryptocurrency of the Polygon Network. It was launched as an ERC-20 token in 2019. Polygon, formerly known as MATIC Network, is a layer 2 blockchain that uses a proof-of-stake consensus mechanism.
POL serves as the primary payment token and governance token on the Polygon Network. Users use POL tokens as transaction fees and also get voting rights on the network. The Polygon core software development kit (SDK) helps in creating and developing decentralized, interoperable sidechains compatible with the Ethereum blockchain. It is worth noting that this scalable Ethereum blockchain recently changed its token from MATIC to POL.
Top 15 projects by positive market sentiment on @OrioleInsights
Oriole Insights is a gamified prediction platform harnessing collective wisdom. The list of projects by Bullish expectations with a minimum of 50 predictions and 500 $ORI pooled. $BTC
A bull trap tricks traders into believing the market is rising when it’s actually about to decline. They’re common in crypto, making it crucial to stay informed.
For example, if someone on X falsely claims bullish news, traders may rush to invest, driving the price up.
When the news is exposed as fake, panic selling can cause a crash, leaving late investors with losses.
A dormant whale resurfaced after 11 years on Tuesday, moving over $250 million worth of Bitcoin.
According to the on-chain tracking platform Lookonchain, the investor suddenly became active, moving 2,700 BTCs to a new address. The total value of the transferred Bitcoin was estimated to be $257.45 million.
The whale received the stash on Dec. 21, 2013, when Bitcoin was priced at $625.84 per unit. If the transferred amount was intended to be sold, the whale would make a profit of around $255.786 million, representing a staggering 15135.8% return.
Popular cryptocurrency market observer JA Maartunn also weighed in on the fascinating development, stating that such an event only happened once before.