Understanding the exchange rate between POL (previously known as MATIC) and the US Dollar (USD) is crucial for investors and enthusiasts in the digital asset space. This guide provides a comprehensive look at the current conversion, key market metrics, historical performance, and practical insights for handling this conversion.
Current POL to USD Exchange Rate
As of the latest update, 1 POL is valued at approximately $0.18. This real-time price reflects the dynamic nature of the cryptocurrency market, where values can change rapidly.
The market capitalization of POL stands at $1.60 billion**, representing the total value of all circulating tokens. Additionally, the 24-hour trading volume is **$68,353,575, indicating active market participation and liquidity.
For those looking to execute a conversion or track live prices, using a reliable tool is essential. You can check the latest conversion rates here for the most up-to-date information.
Historical POL to USD Performance
Analyzing historical data helps investors understand market trends and make informed decisions. Below is a summary of how the POL to USD rate has changed over different periods.
24-Hour Change
Over the past day, the price of POL has decreased by 3.9%. This short-term movement is common in volatile crypto markets.
One-Month Change
Compared to one month ago, the value of POL has dropped by 16.6%. This indicates a broader trend that might interest mid-term investors.
One-Year Change
Over the past year, POL has experienced a significant decline of 68.4%. This long-term perspective highlights the importance of timing and market cycles in cryptocurrency investments.
Popular POL Currency Conversions
POL is traded against various global currencies beyond the USD. Here are some of the most common conversions:
- POL to Japanese Yen (JPY): 25.30 JPY
- POL to Chinese Yuan (CNY): 1.30 CNY
- POL to Euro (EUR): 0.16 EUR
- POL to British Pound (GBP): 0.13 GBP
- POL to Indian Rupee (INR): 15.19 INR
These rates demonstrate POL's global reach and its integration into diverse financial markets.
How to Convert POL to USD
Converting Polygon's ecosystem token to US Dollars is a straightforward process typically done through cryptocurrency exchanges. You enter the amount of POL you wish to convert, and the platform automatically calculates the equivalent USD value based on the current live market rate.
It is always advisable to compare rates across different platforms to ensure you get the best possible deal for your transaction. For a seamless experience, you can explore more strategies for currency conversion.
Frequently Asked Questions
What is the POL to USD conversion rate?
The POL to USD conversion rate indicates how many US Dollars one POL token is worth at any given moment. It is determined by the current market price on active trading exchanges.
How can I convert POL to US Dollars?
You can convert POL to USD on most major cryptocurrency exchanges. Simply deposit your POL into your exchange wallet, place a sell order at the current market price, and withdraw the resulting USD to your linked bank account.
Is it possible to buy POL with USD?
Yes, you can absolutely purchase POL tokens using US Dollars. The process is the reverse of selling: deposit USD, place a buy order for POL, and the tokens will be credited to your exchange wallet.
How much POL can I get for 1 USD?
Based on the current rate of $0.18 per POL, 1 US Dollar would allow you to purchase approximately 5.64 POL tokens.
What was the recent performance of the POL price?
Recently, the POL price has decreased by 3.92% over the last 24 hours. It has seen a decline of 3.12% over the past week and a more substantial decrease of 16.61% over the last month.
If I invested $1 in POL a month ago, what would it be worth today?
If you had invested $1 in POL one month ago, the value of that investment would be approximately $0.83 today, representing a loss of about $0.17 due to the market's downward trend during that period.