Polygon Price Plunge：是​​否存在加密货币风险？

多边形（Matic）价格下跌，引发了风险的关注。我们深入研究了推动下降的因素以及是否可以恢复。

Yo, crypto fam! Polygon (MATIC) has been taking a beating lately, and folks are starting to sweat about a potential plunge. Let's break down what's happening with the Polygon price, the risks involved, and what it all means for the broader cryptocurrency scene.

哟，加密货币。 Polygon（Matic）最近一直在进行殴打，人们开始对潜在的暴跌出汗。让我们分解多边形价格，涉及的风险以及对更广泛的加密货币现场的意义。

Polygon Price: A Deep Dive

多边形价格：深度潜水

Polygon's price has been on a downward spiral, hitting its lowest point since April 21. As the broader crypto sell-off gains momentum, Polygon (POL) dropped to $0.1915, down 32% from its highest point in May and a whopping 74% below its 2024 peak. This crash has slashed its market cap from $5.68 billion to a mere $2 billion today. Ouch!

Polygon的价格一直处于下降螺旋状的速度，达到了自4月21日以来的最低点。随着更广泛的加密抛售增长势头，Polygon（POL）降至0.1915美元，比5月份的最高点下降了32％，低于其2024峰值的74％下降了74％。这次撞车事故已将市值从今天的56.8亿美元削减到今天的20亿美元。哎哟!

Why the Plunge? Competition Heats Up

为什么要暴跌？竞争升温

Polygon's underperformance is partly due to increased competition in the Layer-2 sector. Data shows Polygon holds a total value locked (TVL) of $1.17 billion and $2.3 billion in stablecoin supply. Compare that to Base, the Coinbase-backed Layer-2, which boasts $5.14 billion in TVL and $4.16 billion in stablecoins. Even Arbitrum (ARB) is ahead, holding over $3 billion in assets and $3.5 billion in stablecoins. And let's not forget Unichain, launched by Uniswap (UNI), which has quickly amassed $1.12 billion in assets and $316 million in stablecoins.

多边形的表现不佳部分是由于第2层部门的竞争增加。数据显示，Polygon的总价值锁定（TVL）为11.7亿美元和23亿美元的Stablecoin Supply。将其与基础相比，Coinbase支持的第2层（拥有51.4亿美元的TVL和41.6亿美元的Stablecoins）。即使是仲裁（ARB），持有超过30亿美元的资产和35亿美元的Stablecoins。而且，我们不要忘记由UNISWAP（UNI）推出的Unichain，该公司迅速积累了11.2亿美元的资产和3.16亿美元的Stablecoins。

The zkEVM Shutdown: Another Blow

ZKEVM关闭：另一个打击

The Polygon token also took a hit following the shutdown of Polygon zkEVM, which was originally acquired as Hermes for $250 million. The CEO cited delayed technical execution, lack of product-market fit, and overly ambitious goals as the reasons for the decision. Not a good look, folks.

多边形代币在Polygon Zkevm关闭后也受到了轰动，最初以2.5亿美元的价格收购了爱马仕。首席执行官认为延迟的技术执行，缺乏产品市场契合以及过于雄心勃勃的目标是决定的原因。伙计们，这不是一个好看。

Silver Linings: Network Activity is Up

银色衬里：网络活动已升起

It's not all doom and gloom, though. Nansen data indicates that Polygon's network activity is actually growing. The number of transactions jumped 33% over the past 30 days to 85.6 million, while active addresses rose 23% to 6.49 million. These numbers are even higher than Ethereum (ETH) in some metrics. Ethereum's active addresses rose by 5.5%, while its transactions rose to over 34 million. So, people are still using Polygon, which is a plus.

不过，这并不是厄运和忧郁。 Nansen数据表明多边形的网络活动实际上正在增长。在过去的30天中，交易数量增长了33％，至8560万，而活动地址则增长了23％至649万。在某些指标中，这些数字甚至高于以太坊（ETH）。以太坊的活跃地址增长了5.5％，而其交易上涨至3400万。因此，人们仍在使用多边形，这是一个加号。

Technical Analysis: More Downside Ahead?

技术分析：未来的方面还有更多缺点？

Looking at the charts, things aren't too rosy. The POL token peaked at $0.7672 in December and has since plunged below the 23.6% Fibonacci retracement level at $0.2950. It's also fallen below its 50-day moving average, and both the MACD and Relative Strength Index are declining. Technical analysis suggests the token will likely continue dropping, with sellers targeting the year-to-date low of $0.1487—around 26% below the current level. A move above the 50% retracement level at $0.2195 would invalidate this bearish outlook.

看图表，事情并不乐观。 POL代币在12月达到0.7672美元的峰值，此后一直低于23.6％的斐波那契回撤水平，为0.2950美元。它也降至其50天的移动平均水平，MACD和相对强度指数都在下降。技术分析表明，令牌可能会继续下降，而卖方的目标低于0.1487美元，低26％。高于50％回撤水平（0.2195美元）的移动将使这种看跌前景无效。

The Meme Coin Mania: A Distraction?

模因硬币躁狂症：分散注意力？

While Polygon is battling its issues, the meme coin market continues to buzz. Dogewifhat (WIF) on Solana has seen decreasing daily performance, while newcomers like Little Pepe ($LILPEPE) are gaining traction with their Layer 2 solutions and presales. While meme coins can be fun, they often distract from the serious developments in the crypto space.

当多边形与其问题作斗争时，模因硬币市场继续嗡嗡作响。 Solana上的Dogewifhat（WIF）的日常表现降低，而Little Pepe（$ lilpepe）等新移民正在通过其2层的解决方案和预售获得吸引力。尽管模因硬币可能很有趣，但它们通常会分散加密空间中严重发展的注意力。

Final Thoughts: Is Polygon a Buy or a Bail?

最终想法：多边形是购买还是保释？

So, what's the verdict? Polygon is facing some serious headwinds, but it's not dead yet. The increased network activity is a positive sign, but the competition in the Layer-2 space and the zkEVM shutdown are weighing it down. Whether it's a buying opportunity depends on your risk tolerance and belief in Polygon's long-term potential.

那么，判决是什么？多边形面临一些严重的逆风，但还没有死。增加的网络活动是一个积极的迹象，但是第2层空间和ZKEVM关闭的竞争正在降低。购买机会是否取决于您对Polygon长期潜力的风险承受能力和信念。

In the meantime, keep an eye on those charts, stay informed, and don't bet the farm on any single crypto. After all, in the wild world of crypto, anything can happen!

同时，请密切关注这些图表，了解情况，并且不要在任何单个加密货币上敢打赌。毕竟，在加密世界的野生世界中，任何事情都可能发生！