$POL is up 9.89% on the week and printing $0.1076, a hair under its 24h high of $0.1079. that's a coin pressing on a ceiling, not bouncing off a floor.
the reason is on Polygon's own feed. Polygon says it permanently burned 100 million POL, about 1% of total supply, and put the transaction on polygonscan. that's their claim, but it's checkable onchain, which most supply stories aren't.
they also say stablecoin subscriptions are live in Polygon OMS: the customer approves once, sets amount and schedule, and the wallet handles the repeat payments. that's a product story sitting next to a supply story, and I'll take that pairing over a pure narrative coin.
smaller supply plus a real payments use case is the whole bull case in one sentence.
where I stand: $POL trades at $0.1076 right now. if it holds $0.09988, the 24h low, I think the burn keeps getting bid and the $0.1079 high breaks. if it loses $0.09988, I'm wrong on this and there's nothing to defend. anyone long from here eats a full reversal of the day's move.
holding $0.09988 or losing it?
follow me for more calls like this.
the reason is on Polygon's own feed. Polygon says it permanently burned 100 million POL, about 1% of total supply, and put the transaction on polygonscan. that's their claim, but it's checkable onchain, which most supply stories aren't.
they also say stablecoin subscriptions are live in Polygon OMS: the customer approves once, sets amount and schedule, and the wallet handles the repeat payments. that's a product story sitting next to a supply story, and I'll take that pairing over a pure narrative coin.
smaller supply plus a real payments use case is the whole bull case in one sentence.
where I stand: $POL trades at $0.1076 right now. if it holds $0.09988, the 24h low, I think the burn keeps getting bid and the $0.1079 high breaks. if it loses $0.09988, I'm wrong on this and there's nothing to defend. anyone long from here eats a full reversal of the day's move.
holding $0.09988 or losing it?
follow me for more calls like this.
