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POL price rises as Polygon USDC transfers surge amid its returns to the US

  • Polygon (POL) price jumps as Polymarket returns to the US.
  • USDC micro-transfers on Polygon are up 141%.
  • Polygon is expanding its stablecoin and real-world asset ecosystem.

Polygon’s native token, POL, is showing fresh signs of life as the network sees a major resurgence in activity. The token has risen 7% over the past week and by 14% over the past two weeks.

This resurgence reflects a larger shift within the Polygon (POL) ecosystem as it positions itself at the forefront of real-world blockchain use cases.

With a strategic focus on stablecoin payments and institutional engagement, Polygon’s resurgence could mark the beginning of a new growth cycle.

Polymarket has secured a US return through QCEX acquisition

Polygon-linked prediction market Polymarket has reentered the US market by acquiring QCEX, a licensed derivatives exchange, in a $112 million deal.

This acquisition follows the closure of regulatory investigations by the Commodity Futures Trading Commission (CFTC) and the US Department of Justice, clearing the way for Polymarket to resume operations on American soil.

Following news of Polygon-backed Polymarket’s legal return to the United States on July 21, the price of POL surged by 10%, reaching a high of $0.2630.

Notably, Polymarket’s US comeback is a critical development. It not only restores access to the world’s largest financial market but also signals broader regulatory acceptance of decentralised prediction platforms.

With regulatory hurdles now behind it, Polymarket is set to become a major player in the burgeoning space of on-chain prediction markets.

Founder and CEO Shayne Coplan emphasised that the platform’s return aims to bring compliant crypto predictions back to American users, a move expected to increase demand for Polygon’s infrastructure and token, especially as transaction volumes climb.

USDC transfers on Polygon skyrocket

While Polymarket’s regulatory breakthrough has drawn headlines, the surge in stablecoin activity on Polygon is equally noteworthy.

According to recent data, small USDC transfers on Polygon (transactions under $1,000 have soared by 141% since the beginning of the year.

According to data compiled by Peter Liem, an analyst at Polygon Labs, the network now handles more of these micro-payments than Solana, reflecting its growing role in the global stablecoin economy.

According to a recent report by Polygon, the total stablecoin supply on Polygon has crossed $2.8B.

Rising transaction fees on rival networks like Tron have driven users to seek alternatives, and Polygon has emerged as a top choice.

While Tron still dominates in overall stablecoin volume, according to a recent report, its fees have more than doubled, making it less viable for everyday payments.

In contrast, USDC transfers on Polygon cost only a fraction of a cent, offering a compelling advantage for users in developing economies.

In countries like Argentina and Brazil, where inflation has devalued local currencies, the low-cost, high-speed nature of Polygon has made it the preferred blockchain for stablecoin use.

These countries now account for a large share of the $562 million in USDC micro-transfers processed on Polygon in June alone.

Polygon is positioning itself for real-world utility

Beyond payments and predictions, Polygon is continuing to enhance its technical foundation.

The network’s Heimdall v2 upgrade, recently rolled out, aims to improve stability and reduce blockchain reorganisations.

Meanwhile, new infrastructure such as the Katana chain is designed to increase bandwidth for high-volume applications like decentralised finance and digital payments.

Polygon Labs is also building an ecosystem tailored for real-world assets (RWAs), including tokenised government bonds and stablecoins.

A dedicated 14-person team has been deployed to scale these efforts, reflecting the network’s commitment to driving adoption beyond speculation.

These moves align with the broader industry trend of integrating blockchain into traditional financial systems.

Financial institutions such as JPMorgan, Citigroup, and Bank of America are reportedly preparing to include stablecoins in their products.

With USDC gaining ground globally and Polygon proving itself in micro-payments, the chain is poised to capture institutional interest alongside retail growth.

Polygon (POL) price set to rise on investor optimism

In response to these developments, the Polygon (POL) token has attracted bullish sentiment from traders.

Its price has steadily climbed over the past week, mirroring rising trading volume and renewed market attention.

Although POL remains far below its all-time high of $1.29 set in March 2024, current activity suggests that investor confidence is returning.

Eyes are now on whether Polygon (POL) can sustain this momentum, with a target at the $0.50 to $0.80 range in the coming months if adoption trends continue and the broader crypto market remains stable.

The post POL price rises as Polygon USDC transfers surge amid its returns to the US appeared first on CoinJournal.

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Bitcoin price prediction: $200K within reach once BTC clears overbought hurdle

  • Bitcoin (BTC) must clear the $120,000 resistance to resume upward momentum.
  • $200K in 2025 is unlikely without stronger volume support.
  • Long-term outlook remains bullish despite short-term hurdles.

Despite recent pullback after hitting a new all-time high, Bitcoin price predictions remain bullish amid a mix of political support, institutional interest, and speculative whale activity.

However, Bitcoin (BTC) will have to overcome the short-term resistance levels and overbought conditions that have temporarily capped its upward momentum.

BTC faces a key resistance hurdle at $120,000

At press time, Bitcoin (BTC) was trading at around $118,584 after hitting a recent high of $122,838 on July 14.

And while it is still 77% up over the past year, momentum has slowed in recent sessions.

Notably, the pullback can be attributed to Bitcoin attempting to offload overbought signals on the Relative Strength Index (RSI), especially after repeated rejection at the $120,000 level.

Technical data reveals that the BTC/USDT pair is facing stiff resistance near this psychological threshold, where previous rallies have faltered.

Bitcoin facing resistance at $120,000

Despite this, the price remains comfortably above its 50-day Exponential Moving Average (EMA), which continues to serve as a dynamic support.

As long as Bitcoin maintains this position, the broader bullish trend remains intact.

Futures market signals continued consolidation

The Bitcoin Futures, Jul-2025 (BTC=F) mirrors the spot market’s hesitation.

Notably, the Bitcoin Futures’ price action, as evident on Yahoo Finance, remains locked between key pivots ($123,875 on the high end and $115,340 below).

The central pivot point of $120,615 has become a battleground, with neither bulls nor bears showing dominance.

A breakout above $126,015, which aligns with the upper channel trendline, could spark renewed buying interest and potentially send prices toward the $129,000–$132,000 range.

On the flip side, failure to reclaim $120,615 could expose the contract to a retracement toward $115,340, with downside risk extending to $112,000 if support breaks.

Volume profile data supports this indecisiveness. Most of the recent trading activity has clustered between $118,000 and $122,000, highlighting this zone as a significant liquidity area.

For any breakout to sustain, a corresponding uptick in volume must accompany it — something that has yet to materialise.

Whales stir, but caution remains

Fueling speculation further, a long-dormant Bitcoin whale recently moved 10,606 BTC, worth approximately $1.3 billion.

This reactivation, after years of inactivity, has raised questions about the whale’s intentions—be it profit-taking, institutional over-the-counter (OTC) deal prep, or strategic reallocation.

Such large-scale movements often impact market sentiment, particularly when they occur near price peaks.

If these funds are moved to exchanges, the threat of a large selloff increases.

Conversely, if transferred to cold storage, it may indicate confidence in Bitcoin’s long-term trajectory. For now, the market remains watchful, not reactive.

Macro and political tailwinds support BTC’s growth

External forces are also adding fuel to Bitcoin’s long-term prospects.

Trump Media and Technology Group recently acquired nearly $2 billion worth of Bitcoin using proceeds from stock sales and bonds.

This move coincides with increased US legislative support for crypto, including the passage of the GENIUS stablecoin bill and proposals for a Strategic Bitcoin Reserve.

Moreover, Bitcoin-backed borrowing is gaining traction. Xapo’s BTC-collateralised lending product recorded a 24% increase in Q2 usage, particularly in Europe and Latin America.

This trend suggests that holders are increasingly seeking liquidity solutions without having to sell their BTC, a dynamic that could reduce short-term selling pressure.

The $200k Bitcoin price prediction

Despite short-term hurdles, several analysts believe Bitcoin remains on a long-term path toward $200,000—just not in 2025.

Glassnode lead analyst James Check, in a recent interview with Pahueg at Less Noise More Signal, stated that while hitting $200,000 by year-end is “very improbable” due to insufficient buying volume, he fully expects BTC to exceed that mark within five years.

His outlook reflects broader sentiment: without follow-through volume, even strong rallies risk unravelling.

Others, including Bitwise’s Matt Hougan and Bernstein Research, maintain bullish 2025 targets based on anticipated institutional demand and the growing influence of Bitcoin ETFs.

However, analysts emphasise that BTC must first stabilise above $130K, $140K, and eventually $150K to credibly approach the $200K zone.

These milestones represent both technical and psychological resistance levels.

The post Bitcoin price prediction: $200K within reach once BTC clears overbought hurdle appeared first on CoinJournal.

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BNB hits a new ATH of $804. How high can it go? Check forecast

Key takeaways

  • Binance’s BNB coin surged by nearly 5% in the last 24 hours and has hit a new all-time high of $804.
  • The coin could hit $900 soon if bullish sentiment remains.

BNB hits $804, market cap surpasses Solana

BNB, the native coin of the Binance ecosystem, is up 4.5% in the last 24 hours. The coin added 15% to its value in seven days to hit a new all-time high of $804 a few hours ago.

The positive performance means that BNB’s market cap now stands at $111 billion, making it the fifth-largest cryptocurrency by market cap. It surpassed Solana’s SOL, which has a market cap of $108 billion.

Analysts now expect BNB to rally higher thanks to growing retail interest. Data obtained from CoinGlass shows that the futures Open Interest (OI) in BNB at exchanges rose to a new yearly high of $1.23 billion earlier today from $1.05 billion on Monday. 

This is the highest OI levels for BNB since December. Rising OI represents new or additional money entering the market and is likely to fuel prices higher.

In addition to that, BNB’s funding rate has flipped positive, reading 0.023% earlier today. Positive funding rate usually indicates a bullish bias, which could result in a rally for the cryptocurrency. 

BNB could rally to $900 soon

The BNB/USD 4-hour chart has turned bullish after the coin rallied to a new all-time high earlier today. The RSI of 73 shows that BNB is still not in the overbought region, suggesting further upward rally. The MACD lines are also within the positive region, indicating a bullish bias.

BNB/USD 4H Chart

If the rally continues, BNB could test the psychological level at $900, setting a new all-time high in the process. The coin could experience a pullback after hitting a new all-time high. If that happens, BNB could likely test the weekly support at $742 before resuming its rally.

The post BNB hits a new ATH of $804. How high can it go? Check forecast appeared first on CoinJournal.

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PENGU targets new all-time high amid NFT sales volume surge

Key takeaways

  • PENGU is up 20% in the last 24 hours, making it the best performer in the top 50.
  • The coin could rally past the all-time high price it set seven months ago.

High NFT sales volume pushes PENGU higher

PENGU, the native token of the Pudgy Penguin ecosystem, is the best performer among the top 50 cryptocurrencies. The coin added 20% to its value in the last 24 hours, nearly 45% in seven days.

The rally comes amid growing NFT sales volume. NFT collection saw $9.65 million in sales volume over past week, pushing floor price from $10 to $16.88. In addition to that, whales have been accumulating the token as they anticipate further upward price movement.

Whales have accumulated over 200 million PENGU tokens since the start of the month, with this activity supporting the price rally. Furthermore, PENGU’s trading volume has spiked 230% over the last three weeks. PENGU’s on-balance volume indicator shows continued buying pressure in the market.

PENGU could take out its all-time high price of $0.05738

The PENGU/USD 4-hour chart is extremely bullish as the memecoin added 40% to its value in the last seven days. The technical indicators are also bullish, suggesting that the buyers are fully in control.

The MACD lines are within the positive region, while the RSI is 81. Both indicators reveal that PENGU has a bullish bias at the moment. At press time, PENGU is trading at $0.04503. 

PENGU/USD 4H chart

If the rally persists, PENGU could break above the $0.047 resistance level over the next few hours. PENGU is only 22% away from its all-time high, and the bulls could push the price to a new ATH.

However, the memecoin could be subject to a correction after a long period of rally. If that happens, it will likely retest the first major support level at $0.036. The PENGU/USD 4-hour chart is still not efficient, and an extended bearish run would see the token tap the EPA level at $0.03372.

The post PENGU targets new all-time high amid NFT sales volume surge appeared first on CoinJournal.