Polygon (POL) ended its 4-month-long downtrend and started to rebound after it adopted Ethereum’s trustless agent standard (ERC-8004).
Polygon gained more than 13% during the past 24 hours, as it adopted the ERC-8004 standard. Despite gaining some value over the past 24 hours, the token is, however, still recovering on a monthly basis, as it just lifts itself above the monthly opening market price of $0.11.
What is ERC-8004?
The ERC‑8004 is a new Ethereum standard that is designed to enable trustless, autonomous AI agents to exist, identify themselves, build reputations, and interact securely on‑chain — not a token or currency, but a protocol specification.
Adopting ERC‑8004 allows a blockchain to host trustworthy AI agents with verifiable identity, reputation, and proof of actions. This encourages developers to build autonomous bots, prediction markets, and AI-driven applications securely, increasing on-chain activity, attracting projects, and strengthening the overall ecosystem.
Think of the identity as a LinkedIn account, the reputation as a credit score that banks give to users, and the validation as a proof-of-work mechanism. With these three parameters, the blockchain can recognize the agent, has historic data, and also has evidence of the work. Once this is set, the AI agents can now work freely, like collaborating, competing, and making decisions on their own without the intervention of a human.
4-month-long downtrend ends
With the adoption of the ERC-8004 on its layer 2 network, Polygon’s 4-month profuse bleedout came to an end. The tokens’ downtrend since September saw a reversal after it hit the $0.10 support level.
Now the direction of the token’s price movement has changed, and it is now heading towards the 50-day moving average. Meanwhile, the Relative Strength Index adjusted to 30 days has also tilted upwards as it crosses the RSI-SMA. This indicates that the momentum has shifted in favor of POL. Given that this reversal takes shape and grows into a rally, POL will be on its way towards reaching $0.14.
