Polygon CEO Sandeep Nailwal Announced Institutional Access Expansion to POL

• Polygon has partnered with Cypher Capital to boost institutional access to POL across the Middle East.
• The partnership was announced by Sandeep Nailwal, CEO of Polygon.
• POL declined slightly over the last 24 hours.

Sandeep Nailwal, CEO of Polygon, announced the expansion of institutional access to POL. Polygon Foundation has partnered with Cypher Capital to boost institutional access to the token. Sandeep had earlier published an X post saying, “Hold,” signalling futuristic optimism. Meanwhile, POL price declined over the last 24 hours.

Polygon CEO Sandeep Nailwal Announces Partnership with Cypher Capital

Polygon CEO, Sandeep Nailwal, published a post on X to share that Polygon and Cypher Capital entered into a partnership. The objective of their partnership is to boost institutional access to POL (previously MATIC) across the Middle East. Polygon, per the post, is capitalizing on the growing institutional demand for real yield.

The partnership between Polygon and Cypher Capital, an investment & trading firm, means that investors will be able to earn yield. All this while strengthening the network, enhancing liquidity, and experiencing roundtable discussions. Polygon CEO, while expressing his excitement, further shared that the ecosystem had achieved sub-5s finality with 1,000 TPS.

POL Prices Plummet Over 24 Hours

The announcement about the partnership between Polygon and Cypher Capital is yet to have a positive impact on POL price. It is down by 0.52% in the last 24 hours, exchanging against the US Dollar at $0.2709 when the article is being drafted. This further reflects a significant drop of 4.52% in the last 7 days, but a rise of 7.61% since the last month.

The 24-hour trading volume gained 16.67% value amid bullish sentiments, which are supported by the FGI of 57 points. POL prices are anticipated to decline by 25.09% over the next 30 days. This could take the value to $0.203906 with the approximate volatility of 6.60%.

It is important to note that crypto investments should be done only after thorough research and risk assessment. This article is neither advice nor a recommendation for POL trading or investment.

Polygon CEO’s Earlier X Post Resurfaces

Polygon CEO, Sandeep Nailwal, had earlier published an X post asking the community to ‘Hold.’ This sparked optimism around the future prospects of POL. The token even went on to exchange hands at a slightly higher mark of $0.2715 for a 1.32% in 24 hours at that moment.

POL remains one of the top 50 cryptocurrencies in terms of market cap, which is $2.84 billion when the article is being drafted. While the future of POL, or any other crypto for that matter, is uncertain, Polygon community members seem bullish that the token will fetch returns in the times to come.

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