Why Price of Polygon Matic is falling?

[aiviaa485]

I bought Matic yesterday, and will hold until bullish.
Yeah .. hold for long term investment.

You must be a Whales investor because your tone is very convincing.
I'm still afraid to invest in Polygon Matic coins because the supply is so large.
As far as I know, there are also remaining Matic coins that have not left Dev's wallet and are still being stored, perhaps the total circulation of Matic coins is around 85%.
What is worrying is that the 15% has not been sold by the Devs and surely these coins will also be used by the Devs from Polygon Matic for the development of Matic coins, If it's not possible, it's just for the future savings of all the Developers.

[KryptoBull]

You must be a Whales investor because your tone is very convincing.
I'm still afraid to invest in Polygon Matic coins because the supply is so large.
As far as I know, there are also remaining Matic coins that have not left Dev's wallet and are still being stored, perhaps the total circulation of Matic coins is around 85%.
What is worrying is that the 15% has not been sold by the Devs and surely these coins will also be used by the Devs from Polygon Matic for the development of Matic coins, If it's not possible, it's just for the future savings of all the Developers.

+ nice analysis!
I don't track onchain data so I don't have as much information and opinions as you do. I just observed the price line and saw that MATIC is still in a correction wedge and cannot escape yet. I will wait for support at the bottom edge of the wedge before deciding to invest in MATIC for the upcoming uptrend.

[I-Bit]

You must be a Whales investor because your tone is very convincing.

Not really. What I see, he looks convincing to explain Bitcoin. When he stated about Matic, he looks just speculating.
Anyway, whales won't have enough time to tell others. They prefer to action and keep it secretly for themselves.

I'm still afraid to invest in Polygon Matic coins because the supply is so large.
As far as I know, there are also remaining Matic coins that have not left Dev's wallet and are still being stored, perhaps the total circulation of Matic coins is around 85%.

Max supply is 10,000,000,000. The circulating supply is 9,282,943,566. I think the Matic circulation in the market is more than 85%. The current price of MATIC looks quite cheap but it is getting increase or grow. There are also some development made by the team. So why we must be afraid with MATIC?

https://www.coingecko.com/en/coins/polygon