POL Price Forecast: Is Polygon Capable of Bouncing Back Following Distributed record Payments Consortium (BPC) Updates Impacting Crypto market Emotion?
Polygon Price Forecast: The POL price, native to Polygon, has decreased as developments regarding the payments consortium bring fundamentals back into consideration.
Over the last 24 hours, Polygon’s native crypto token POL has dipped as market participants evaluated new movements within the payments landscape that may affect on-chain activity in upcoming months.
On November 7, POL was trading around $0.164, reflecting a -4% drop and fluctuating between $0.161 and $0.170 throughout the trading session.
The trading volume hovered around $60–$110 million, while the token’s market capitalization remained approximately $1.7 billion.
What Implications Does the New Payments Consortium Hold for Polygon’s Network Expansion?
This development comes in the wake of the formation of the Blockchain Payments Consortium (BPC) established by seven blockchain entities, including Polygon Labs.
The initiative aims to develop unified technical and regulation norms for stablecoin transactions across various networks.
With over $15T settled onchain in 2024, stablecoins now move more than Visa and Mastercard combined.
We're proud to join the Blockchain Payments Consortium to help define a common framework and shape the future foundation for frictionless blockchain payments. https://t.co/rp9sRfbnQW
— Polygon (@0xPolygon) November 6, 2025
Proponents of the consortium assert that it aims to facilitate more efficient payments spanning different chains and borders.
They claim this could mitigate the issues arising from fragmented systems that have hindered institutional adoption of digital settlements.
Should the consortium’s objectives translate into operational standards and shared resources, there might be an increase in payment activity across supported networks.
This would likely contribute to revenue from fees and enhance daily operations on networks like Polygon.
According to DeFiLlama data, there were approximately 4.9 million transactions and 1.09 million active addresses in the previous day, with around $306 million in DEX volume.
POL has been trading within a narrow range recently. The market continues to adapt to the network’s transition from MATIC to POL and its emphasis on zero-knowledge development, which includes zkEVM, AggLayer, and CDK-based chains.
Polygon indicates that the coin migration is essentially complete. They also note that previous upgrades have contributed to reduced finality times on the PoS chain, which they believe will assist in payments and consumer-facing applications.
Members of the consortium state they are establishing fundamental infrastructure for broader payment applications.
The Stellar Development Foundation, one of the founding members, described BPC as “a crucial step” towards shared standards allowing institutions to transfer value across networks while adhering to data regulations prevalent in traditional payments.
If BPC teams achieve their initial objectives and merchants or fintech companies trial cross-chain payouts, Polygon may experience heightened activity, potentially boosting throughput and market demand for fees.
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POL Price Forecast: What Does POL’s Recent Pessimistic Around $0.163 Indicate for Traders?
POL is currently trading around $0.163, nearing multi-month lows following a consistent decline through late October and early November.
The chart reveals a continuous downward trajectory. Since mid-September, prices have been forming lower highs and lower lows, indicating that sellers maintain control.
The coin has attempted multiple times to rise above its short-term averages, but each effort has been unsuccessful. Both the 50- and 100-period EMAs are now positioned above the current price, intensifying the downtrend sentiment.
(Source: POL USDT, TradingView)
The price sharply declined after breaching the $0.18–$0.19 base level zone. Small recoveries were met with barrier level near the moving averages, indicating weak market demand.
Moreover, volume has increased on the decline, implying active selling rather than a mere correction.
Currently, there is no significant reversal pattern in sight. The chart continues to depict exhaustion on the bid side, with minimal indicators suggesting a shift in momentum. If today’s range breaks to the downside, the next critical level that many traders will monitor is near $0.15.
A price recovery above $0.18 would serve as an early indicator of respite. Until then, pessimistic pressure prevails.
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The article POL Price Prediction: Can Polygon Recover After Distributed database Payments Consortium (BPC) Update Hits Crypto market Sentiment? was first published on 99Bitcoins.
