Polygon has completed its v2 7.0 protocol upgrade, solidifying its position as a leading Layer 2 infrastructure for enterprise use. The hard fork occurred on April 29, with exchanges like Bybit temporarily pausing services for maintenance. In a major milestone, Visa has begun settling stablecoins directly on the Polygon network. According to Polygon Labs, the network processed 54% of global USDC transfers in April. These developments have strengthened the fundamental outlook for POL.
Despite these advances, POL's price has not yet reflected the improved fundamentals. The token currently trades at $0.095, with analysts projecting a short-term target of $0.12 by the end of May and a potential 2026 high of $0.75 under bullish market conditions. Support holds at $0.085, with resistance at $0.12. A 100 million POL token burn in February also contributed to improved network dynamics.
Separately, 21Shares has filed a second S-1 amendment with the SEC for a Hyperliquid spot ETF under the ticker THYP, seeking a Nasdaq listing. Grayscale has also replaced Coinbase with Anchorage Digital as custodian for its own HYPE ETF fund. This institutional interest in decentralized exchange (DEX) tokens signals a broader shift in investor focus.
While these events mark significant progress for the crypto industry, the most explosive near-term opportunities are still being found in presales. The Pepeto project, which has raised over $9.7 million in its presale, offers a working risk scanner, a zero-fee cross-chain bridge, and 176% APY staking. The team includes the co-founder of the original Pepe coin and a former Binance expert. SolidProof has audited the full codebase. Pepeto targets 100x gains upon its Binance listing, compared to the more modest recovery projections for POL.
