#Polygon MATIC Price News Today 11-1-2026 - Elliott Wave and technical analysis of Polygon #MATIC, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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The price of the Polygon Network Token (POL, previously MATIC) on January 11, 2026, is approximately $0.17 to $0.22, reflecting a notable daily gain. The token has recently seen increased positive momentum driven by a new "Open Money Stack" launch and a record token burn.
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Financial Overview
-Current Price: Around $0.17 - $0.22 on January 11, 2026.
-24-Hour Change: The price is up approximately 9.79% to 14.14% in the last 24 hours.
-Market Cap: The current market capitalization stands at approximately $1.8 billion USD.
-Recent Performance: The token has experienced significant volatility, but also a 33% rally in early January 2026, breaking a prior period of consolidation.
Key Insights
The recent price movement is linked to several significant developments within the Polygon ecosystem:
---Open Money Stack Launch: On January 10, 2026, Polygon launched its "Open Money Stack," a new payments-focused framework designed to enable seamless, global stablecoin transactions and attract institutional adoption.
---Record Token Burn: A record-breaking burn of over 3 million POL tokens occurred on January 5, 2026, creating deflationary pressure on the supply and contributing to the recent price surge.
---Technological Advancements: The ongoing implementation of the Polygon 2.0 roadmap, including the maturing AggLayer technology for unified liquidity across chains, is a key focus for future growth and investor sentiment in 2026.
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