Why Price of Polygon Matic is falling?

[doc]

Polygon is trading lower by 3.69% to $0.83 Thursday afternoon. The altcoin is trading lower in sympathy with the broader crypto market amid a fall in the price of Bitcoin and Ethereum.

keep calm  mate, I think cryptocurrency market is still unstable because  before bitcoin halving..Polygon mastic is potential and profitable coin for investment.
I think we should hold our Matic until the end of 2024.

[Blue4]

Matic is a potential altcoin so holding is a good strategy now bitcoin domination is too high also matic is trying to break out at the LTF . if this coin breakout and retest successfully completed  it will go to above $2. So patience will give huge reward.

[damsix]

Bitgert blockchain is faster, and the gas fee is cheaper than Polygon.

It's faster, cheaper for each transaction, which is definitely more when compared to Polygon Matic, but the problem is, is there anyone who wants to use the project's blockchain?
Polygon Matic already has lots of features that can be used on various platforms, such as playing games, NFTs, zkEVM for Rollup Ethereum L1 changing to Ethereum L2 and many more.
If Polygon Matic's competitors only rely on speed and cheap transaction fees, it seems they don't have the power to compete with Polygon Matic, because everyone knows that Polygon Matic has lots of tested features.

[kent47400]

It is still normal for the Polygon Matic price to drop to 0.3$ because returning to the IEO price is very far away.
Even the IEO price is still a few cents (0.004$ maybe), and now the price of Polygon Matic has risen again to $0.8, is OP smiling yet?
I'm sure the owner of this thread is now smiling when he sees the price of Polygon Matic rising again to 0.8$ and maybe the OP also has more savings for the rest of his life which is generated by Take Profit from Polygon Matic coins.

[shuvenker999]

Currently the market is slowly starting to improve where most of the coins are starting to turn green, including polygon (MATIC) where the price of matic has started to increase and I think now is the right time to buy it, I really hope if matic becomes big platform like binance someday. do you expect it as i hope it mate

[densus88]

Currently the market is slowly starting to improve where most of the coins are starting to turn green, including polygon (MATIC) where the price of matic has started to increase and I think now is the right time to buy it, I really hope if matic becomes big platform like binance someday. do you expect it as i hope it mate

As you said, crypto market is starting to improve and  show good progress.
OP write this thread on march 2022 when bearish.
I think if we talk about current market, It's time buy and starting to hold.
This thread should be updated.

[IyemRoker]

Please look at this chart of Polygon Matic coin --->   https://prnt.sc/O1xCCjSFrX7F

It is still in very normal fluctuations because cryptocurrency is still like before when Bitcoin was created, namely the price changes all the time.
Polygon Matic coins continue to fall and of course this is conscious, I'm sure there are still many who trade Polygon Matic coins, because Polygon Matic is still in the Binance business circle.
Usually, the coins in the Binance Exchange circle have a very good future and are very worthy of being able to continue to be present in the cryptocurrency space, especially Polygon Matic which is extraordinary, the many features it has had since it was first launched during the Binance IEO.

[anshor1]

Currently the market is slowly starting to improve where most of the coins are starting to turn green, including polygon (MATIC) where the price of matic has started to increase and I think now is the right time to buy it, I really hope if matic becomes big platform like binance someday. do you expect it as i hope it mate

As you said, crypto market is starting to improve and  show good progress.
OP write this thread on march 2022 when bearish.
I think if we talk about current market, It's time buy and starting to hold.
This thread should be updated.

You're right, OP wrote while bearish  season.
Polygon matis was falling.
For now, I see crypto market is starting to grow.
I agree with several opinion that say It's the right time to buy.

[yohananaomi]

Currently the market is slowly starting to improve where most of the coins are starting to turn green, including polygon (MATIC) where the price of matic has started to increase and I think now is the right time to buy it, I really hope if matic becomes big platform like binance someday. do you expect it as i hope it mate

As you said, crypto market is starting to improve and  show good progress.
OP write this thread on march 2022 when bearish.
I think if we talk about current market, It's time buy and starting to hold.
This thread should be updated.

You're right, OP wrote while bearish  season.
Polygon matis was falling.
For now, I see crypto market is starting to grow.
I agree with several opinion that say It's the right time to buy.

It must be remembered that the halving era is just a matter of time. I really agree with all of you that the current situation is leading to improvement, but it is not impossible that there will be a correction first, but it will not be long and it will continue to move upwards, for all coins are indeed ready and able to survive this long, including, of course, Matic, who is always in the best ranking at CMC.Maybe by the end of the year, Matic will be able to reach its final ATH in 2021 at $2.92, and then it will continue to increase in 2025 to form a renewable ATH.
This is an opportunity for all of us to continue buying with any scheme so that we can enjoy the benefits of those who have invested previously.

[Shahinaz]

It is still normal for the Polygon Matic price to drop to 0.3$ because returning to the IEO price is very far away.
Even the IEO price is still a few cents (0.004$ maybe), and now the price of Polygon Matic has risen again to $0.8, is OP smiling yet?
I'm sure the owner of this thread is now smiling when he sees the price of Polygon Matic rising again to 0.8$ and maybe the OP also has more savings for the rest of his life which is generated by Take Profit from Polygon Matic coins.

If so, it's not a bad price for polygon matic at 0.3$ compared to IEO and one honor, polygon can reach 2.92$. The decrease in value is not a bad thing, but as long as matic is still trusted its users will still be there even though it's not widely traded

[yohananaomi]

It is still normal for the Polygon Matic price to drop to 0.3$ because returning to the IEO price is very far away.
Even the IEO price is still a few cents (0.004$ maybe), and now the price of Polygon Matic has risen again to $0.8, is OP smiling yet?
I'm sure the owner of this thread is now smiling when he sees the price of Polygon Matic rising again to 0.8$ and maybe the OP also has more savings for the rest of his life which is generated by Take Profit from Polygon Matic coins.

If so, it's not a bad price for polygon matic at 0.3$ compared to IEO and one honor, polygon can reach 2.92$. The decrease in value is not a bad thing, but as long as matic is still trusted its users will still be there even though it's not widely traded

The current price is very good even though it has not yet reached its final ATH, but at $0.8 it is not something that is very bad, because you are right, my friend, that this is still the best price. Of course I agree, and it is true that it will be difficult for it to go down even close to the IEO price. I believe it will not be possible to return to that price. Because it must be acknowledged that there are still many people who use it and the movement will continue to improve in the future, it is not impossible that achieving ATH will be possible again.

[bitterguy28]

The bearish market has left Polygon (MATIC) in a big dip that will take the coin some time to dig out. Polygon is one of the cryptocurrencies that dropped by over 10%. Even with the market breather, Polygon Matic is still in the red for the drop experienced over the past 7 days. But the Polygon price drop might have also been driven by competitive projects like Bitgert.
Bitgert is one of the biggest Polygon (MATIC) competitors, and the launch of the BRISE BRC20 blockchain has proven this. Bitgert blockchain is faster, and the gas fee is cheaper than Polygon. The Brise chain compatibility with Ethereum smart contracts is also making it superior to Polygon (MATIC). That’s why it might be a factor in the Matic dropping price.

Matic is one promising coin that holds supporters from its listing and we can see that staying at rank 14-15 up to now so maybe there is a potential for the next coming halving?

https://coinmarketcap.com/currencies/polygon/

its still on the good position and and looking t it , there will be better movement in the next coming months .

Currently the market is slowly starting to improve where most of the coins are starting to turn green, including polygon (MATIC) where the price of matic has started to increase and I think now is the right time to buy it, I really hope if matic becomes big platform like binance someday. do you expect it as i hope it mate

we are waiting for the market growth because altcoins is still struggling to recover maybe there are more to come after second quarter for MATIC then.

[Wiseman]

we are waiting for the market growth because altcoins is still struggling to recover maybe there are more to come after second quarter for MATIC then.

Undoubtedly matik will still grow and not a little, now begins the season of alts and those who have not yet bought coins that matik is a good tool for earning, I think it will be easy to earn 300-500% or much more, here already as luck.

[MVL~$]

The good news at present is that the price of polygons has grown nicely. Its value is also expected to increase in the future. Polygon has good popularity in the market at present. Polygon was once popular in the market and is expected to re-emerge in the future. We should invest and hold on to the polygons. If you can do this, it will be seen that in the future Polygon will be able to enter the market again with all the strength of its own entity.

[elbans89]

The good news at present is that the price of polygons has grown nicely. Its value is also expected to increase in the future. Polygon has good popularity in the market at present. Polygon was once popular in the market and is expected to re-emerge in the future. We should invest and hold on to the polygons. If you can do this, it will be seen that in the future Polygon will be able to enter the market again with all the strength of its own entity.

I see polygon matic still red today.
It's not go up.
But I think it's good time to buy.
We all see bitcoin effect, when bitcoin dropped almost all of altcoin will down.
But no worries about this condition.
Bitcoin price will increase again, and altcoins too.
I bought Matic yesterday, and will hold until bullish.
Yeah .. hold for long term investment.