Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Polygon MATIC Forum => Topic started by: Hindu Saini on March 23, 2022, 07:17:01 AM

Title: Why Price of Polygon Matic is falling?
Post by: Hindu Saini on March 23, 2022, 07:17:01 AM
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.
Title: Re: Why Price of Polygon Matic is falling?
Post by: jonathancool220 on March 29, 2022, 07:16:29 AM
We can see the market and now the price of the Polygon Matic coin is going up and that really makes me happy.
Still in cryptocurrency trading standards because I believe Polygon Matic will return well and certainly have an expensive value from now on in the market.
It takes patience for us to be able to raise the price of Polygon Matic coins because Polygon Matic can now be accessed in all markets which allows the Polygon Matic ecosystem to rise so quickly.
Title: Re: Why Price of Polygon Matic is falling?
Post by: masudginanjar on April 06, 2022, 05:13:17 AM
Many stories from Polygon Matic but all of them I believe Polygon is an extraordinary coin.
There is no problem with the price of the Polygon Matic Dump coin because I am sure that Polygon Matic will rise again perfectly.
It takes patience for us to be able to convince ourselves because by itself Polygon Matic will be able to become the main choice coin by the community.
Title: Re: Why Price of Polygon Matic is falling?
Post by: shadowdio on May 05, 2022, 06:10:29 PM
Not just Polygon Matic has falling the price look in the coinmarketcap all coins are struggling, all are bleeding right now.. but don't worry I believe that Matic will go recover once the market is in good condition.. Just chill and buy some more.. You will make profit in the future.
Title: Re: Why Price of Polygon Matic is falling?
Post by: Ransow on May 07, 2022, 02:39:06 PM
Overall all market is going down but USD market is in peak also ruble currency is going upside , so crypto market is affected by this crisis still BTC is trading at critical point I'm expecting a pull back soon you can buy matic if you want it.
Title: Re: Why Price of Polygon Matic is falling?
Post by: Creoproton on May 22, 2022, 06:48:01 PM
Overall all market is going down but USD market is in peak also ruble currency is going upside , so crypto market is affected by this crisis still BTC is trading at critical point I'm expecting a pull back soon you can buy matic if you want it.
If there is no rise in summer. Money will be withdrawn quickly from the crypto-market, and then we will be in the full bear period.
Title: Re: Why Price of Polygon Matic is falling?
Post by: pelana vreo on May 23, 2022, 05:09:11 AM
Prices of All coins dropped, this happened because the price of Bitcoin fell below $30k usd.
For transaction speed, I'm not sure Bitgert is the fastest, there are many coins competing with Polygon such as Amechain and Casper
Title: Re: Why Price of Polygon Matic is falling?
Post by: hair on May 27, 2022, 11:39:13 PM
The winter season has arrived, this is a factor that causes the price of matic to fall, not only manis but even other top coins as well. this is the right time to collect matic little by little
Title: Re: Why Price of Polygon Matic is falling?
Post by: dodok on June 11, 2022, 01:36:59 PM
In my opinion, the decline is not only automatic, almost all altcoins are down almost 70% from the new ATH, that's because bitcoin is still a dump, we know bitcoin is the king of crypto
Title: Re: Why Price of Polygon Matic is falling?
Post by: naitik01 on June 26, 2022, 06:58:39 PM
The price of cryptocurrency is falling continuously, due to which all the crypto currency is falling, it has also affected the polygon and its value has also decreased.
Title: Re: Why Price of Polygon Matic is falling?
Post by: syedrasool2011 on June 28, 2022, 07:43:20 PM
Because all marketing is going down so hold it and don't miss dip guys it will be huge for you guys I believe that it will give you massive profit in future am holding my coins for long term.
Title: Re: Why Price of Polygon Matic is falling?
Post by: Review Master on June 29, 2022, 10:11:20 PM
Because all marketing is going down so hold it and don't miss dip guys it will be huge for you guys I believe that it will give you massive profit in future am holding my coins for long term.

Indeed, whole market is down and matic will do great performance in the next bull run or long term. So keep buying in the dip and wait for next bull season to convert into stablecoin for another cycle of buying into the dip.  ;)
Title: Re: Why Price of Polygon Matic is falling?
Post by: KryptoBull on July 01, 2022, 01:24:28 AM
The crypto market is going into winter, BTC price dropped from 69K to 20K, MATIC also has to be adjusted like other cryptos, this is not too strange. I only care that in the bullrun to MATIC still receive the attention of users, when Ethereum will be upgraded and serve users more efficiently and users will move from Polygon to Ethereum.
Title: Re: Why Price of Polygon Matic is falling?
Post by: hair on July 06, 2022, 11:10:23 PM
Actually this is the right time to collect matic little by little. especially the matic price will decrease significantly in the bearish period. we will get maximum profit during the next bull run because the performance matic is very good for long term
Title: Re: Why Price of Polygon Matic is falling?
Post by: yashwant on August 16, 2022, 04:59:13 PM
If we analyze the condition of the market, we see that in the last few days there was a lot of movement in the crypto market due to which the entire market collapsed. Due to which the price of polygon also decreased. Now we are seeing that the market is growing slowly.
Title: Re: Why Price of Polygon Matic is falling?
Post by: Ankit1999999 on August 20, 2022, 07:42:36 PM
I like more matic, with simple ecosystem but powerful inside, and also matic team still good until now, look at the price that increased day by the day, i believe it will be 5$ at the end of year. The price up indicated people like matic much than solana. I hope the matic team not lack of idea to develope their ecosystem, some of good coin lack of improvement, so people start to moveng and make market red on their coin, IMHO.
Title: Re: Why Price of Polygon Matic is falling?
Post by: dodok on August 27, 2022, 03:28:26 AM
if I think why the price of polygons is down, we can see that the price of bitcoin today has decreased by almost 50% from its new ATH, this is also what causes the price of polygons to drop, not only polygons that have decreased, almost all coins have decreased which is caused by the price of bitcoin falling.  .
Title: Re: Why Price of Polygon Matic is falling?
Post by: surendertakyaan70 on September 01, 2022, 06:18:10 PM
The cryptocurrency market has turned bearish at the moment, and the impact is widespread across the industry. Polygon (MATIC) is one of the cryptocurrencies that has been falling over the past few days with a drop of over 10%. The price and market cap are rising rapidly during a bear market. So this is the reason why PolygonMatic is falling when even the biggest cryptocurrency is falling
Title: Re: Why Price of Polygon Matic is falling?
Post by: gunhell16 on September 03, 2022, 11:23:51 AM
I like more matic, with simple ecosystem but powerful inside, and also matic team still good until now, look at the price that increased day by the day, i believe it will be 5$ at the end of year. The price up indicated people like matic much than solana. I hope the matic team not lack of idea to develope their ecosystem, some of good coin lack of improvement, so people start to moveng and make market red on their coin, IMHO.

So far one Bitcoin has fallen below 20k$ which is currently around 19780$ according to https://www.binance.com/en/trade/BTC_BUSD?_from=markets&theme=dark&type=spot,
I think Matic's value is decreasing because of its volatility. I almost pay attention because all the top altcoins in the market follow what Bitcoin's value moves. And this has been happening here in this cryptocurrency industry for years.

Bitcoin will increase a little and these altcoins will also increase including Matic. It's happened a few times over and over, to be honest.
Title: Re: Why Price of Polygon Matic is falling?
Post by: Mahindra on September 12, 2022, 07:51:36 PM
At one time it was seen that the price of Matic Token went below $3 dollars. However, due to the bad condition of the market at present, its price has dumped a lot. Polygon is considered as a good platform so it is expected that the price of this coin will definitely pump up a lot in the future. And if you hold these few investments for a long time, it is definitely possible to make a profit.
Title: Re: Why Price of Polygon Matic is falling?
Post by: Papusha20 on September 18, 2022, 11:56:54 AM
cryptocurrencies in the top 20 enjoyed big rallies, and one of them may come as a surprise to many: Litecoin (LTC) blew up 15% in the past week to over $60, while Polygon’s MATIC surged 11% and currently trades for around $0.90. Polygon’s blistering rally came amid adoption news from trading app Robinhood and social media giant Meta.
Title: Re: Why Price of Polygon Matic is falling?
Post by: Mylove on September 18, 2022, 12:57:55 PM
cryptocurrencies in the top 20 enjoyed big rallies, and one of them may come as a surprise to many: Litecoin (LTC) blew up 15% in the past week to over $60, while Polygon’s MATIC surged 11% and currently trades for around $0.90. Polygon’s blistering rally came amid adoption news from trading app Robinhood and social media giant Meta.

cryptocurrency exchange and ATM company Coinme announced the addition of Dogecoin to the list of options on its machines through a deal with coin kiosk operator Coinstar. The ATM also supports Bitcoin, Chainlink, Ethereum, Litecoin, Stellar, and Polygon.
Title: Re: Why Price of Polygon Matic is falling?
Post by: syedrasool2011 on September 22, 2022, 05:52:27 PM
Already it dump to much this it was 0.31 no more dump will come so buy now it will come back any time its best project after solona so hold matic coin in your wallet also for good profit in future miss pump will come soon has well am holding since last year more 2 year hold.
Title: Re: Why Price of Polygon Matic is falling?
Post by: Ghozrd on September 28, 2022, 12:53:44 PM
Every network is made to compete for speed in transactions, is it safe? i prefer a network with POW consensus, it's totally decentralized, if you look at Solana, a lot of wallets have been hacked and I'm afraid the same will happen
Title: Re: Why Price of Polygon Matic is falling?
Post by: Ransow on October 11, 2022, 04:00:12 PM
Pump and dump is normal in the crypo market the price of BTC is still going down so it affected the whole crypo market but matic is a very best altcoin at the layer two Blockchains this technology is growing rapidly if you buy this coin at the low price definitely it is a good thing.
Title: Re: Why Price of Polygon Matic is falling?
Post by: Cadaver20 on October 24, 2022, 06:03:27 PM
Bitcoin is dominating the crypto market. Crypto market's pump and dump depends on Bitcoin. All other coins are no exception. The market is now bearish so all coins including Matic are falling. When the market turns bullish again the price of Matic Coin will rise. So we have to wait till next bullrun.
Title: Re: Why Price of Polygon Matic is falling?
Post by: KryptoBull on October 25, 2022, 01:30:28 AM
The MATIC price is recovering very well and it is considered one of the best layer 1 or sidechain projects for Ethereum. I believe we will still hear about projects in the Polygon ecosystem in 2024 & 2025.
Title: Re: Why Price of Polygon Matic is falling?
Post by: KryptoBull on November 05, 2022, 10:34:08 PM
MATIC has had a significant recovery in the past week. I believe Polygon will continue to be the best layer-2 for Ethereum and gradually become a large independent ecosystem in this market. After the Merge, layer2 can become a big trend for the next cycle.
Title: Re: Why Price of Polygon Matic is falling?
Post by: therozaq on December 06, 2022, 07:18:02 PM
Keep calm mate, at winter season ,not only Matic will fall.
Almost all crypto currency will fall during bearish season.
Keep hold and wait until 2024, or maybe 2025.
We will see the bullish season .
Title: Re: Why Price of Polygon Matic is falling?
Post by: cryptoworld1 on August 22, 2023, 06:20:36 AM
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.
Title: Re: Why Price of Polygon Matic is falling?
Post by: doc on December 22, 2023, 04:30:32 AM
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.
Title: Re: Why Price of Polygon Matic is falling?
Post by: Blue4 on December 22, 2023, 12:53:40 PM
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 $2. So patience will give huge reward.
Title: Re: Why Price of Polygon Matic is falling?
Post by: damsix on December 22, 2023, 05:56:25 PM
Bitgert blockchain is faster, and the gas fee is cheaper than Polygon.
It's faster, cheaper for each transaction, which is definitely more when compared to Polygon Matic, but the problem is, is there anyone who wants to use the project's blockchain?
Polygon Matic already has lots of features that can be used on various platforms, such as playing games, NFTs, zkEVM for Rollup Ethereum L1 changing to Ethereum L2 and many more.
If Polygon Matic's competitors only rely on speed and cheap transaction fees, it seems they don't have the power to compete with Polygon Matic, because everyone knows that Polygon Matic has lots of tested features.
Title: Re: Why Price of Polygon Matic is falling?
Post by: kent47400 on December 24, 2023, 03:00:16 AM
It is still normal for the Polygon Matic price to drop to 0.3$ 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.
Title: Re: Why Price of Polygon Matic is falling?
Post by: shuvenker999 on December 28, 2023, 06:51:58 AM
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
Title: Re: Why Price of Polygon Matic is falling?
Post by: densus88 on December 30, 2023, 06:35:41 AM
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.
Title: Re: Why Price of Polygon Matic is falling?
Post by: IyemRoker on January 03, 2024, 03:32:26 PM
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.
Title: Re: Why Price of Polygon Matic is falling?
Post by: anshor1 on January 04, 2024, 04:03:54 PM
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.
Title: Re: Why Price of Polygon Matic is falling?
Post by: yohananaomi on January 05, 2024, 07:30:12 AM
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 $2.92, and then it will continue to increase in 2025 to form a renewable ATH.
This is an opportunity for all of us to continue buying with any scheme so that we can enjoy the benefits of those who have invested previously.
Title: Re: Why Price of Polygon Matic is falling?
Post by: Shahinaz on January 07, 2024, 03:55:43 PM
It is still normal for the Polygon Matic price to drop to 0.3$ 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$. The decrease in value is not a bad thing, but as long as matic is still trusted its users will still be there even though it's not widely traded
Title: Re: Why Price of Polygon Matic is falling?
Post by: yohananaomi on January 09, 2024, 11:15:27 AM
It is still normal for the Polygon Matic price to drop to 0.3$ 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.
Title: Re: Why Price of Polygon Matic is falling?
Post by: bitterguy28 on January 10, 2024, 01:40:11 PM
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.
Title: Re: Why Price of Polygon Matic is falling?
Post by: Wiseman on January 14, 2024, 08:01:36 AM
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.
Title: Re: Why Price of Polygon Matic is falling?
Post by: MVL~$ on January 23, 2024, 03:00:25 AM
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.
Title: Re: Why Price of Polygon Matic is falling?
Post by: elbans89 on January 25, 2024, 12:55:10 PM
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.

Title: Re: Why Price of Polygon Matic is falling?
Post by: aiviaa485 on January 27, 2024, 07:23:01 PM
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.
Title: Re: Why Price of Polygon Matic is falling?
Post by: KryptoBull on January 28, 2024, 08:16:11 PM
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.

(https://www.tradingview.com/x/NYRlmzUT/)
Title: Re: Why Price of Polygon Matic is falling?
Post by: I-Bit on January 28, 2024, 11:16:06 PM
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

Title: Re: Why Price of Polygon Matic is falling?
Post by: vegasus on November 28, 2024, 10:37:35 PM
+ 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.

(https://www.tradingview.com/x/NYRlmzUT/)
Bump..
Sorry to replace again in this thread.
This is quite interesting when I see this graph. The price of Matic at that time was at a rate of $ 0.7. and after that the price of Matic continued to drop, even dropping to $ 0.3 and around that range, it was really bad. even finally Matic has changed to POL and is expected to be able to change the potential increase of POL. and now, in November, when almost all altcoins experienced a fantastic increase, the price of POL could not increase that significantly, even only increasing by a few percent and now the price of POL is around $ 0.5. still quite far from the drop from the beginning of this year. this is indeed quite doubtful when seeing the slow increase in its price, not only that, its market cap is also decreasing, and even now POL is only ranked 30th in the coin market cap, it is dropping even more, right?
Title: Re: Why Price of Polygon Matic is falling?
Post by: Azharul on December 20, 2024, 07:48:43 AM
+ 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.

(https://www.tradingview.com/x/NYRlmzUT/)
Bump..
Sorry to replace again in this thread.
This is quite interesting when I see this graph. The price of Matic at that time was at a rate of $ 0.7. and after that the price of Matic continued to drop, even dropping to $ 0.3 and around that range, it was really bad. even finally Matic has changed to POL and is expected to be able to change the potential increase of POL. and now, in November, when almost all altcoins experienced a fantastic increase, the price of POL could not increase that significantly, even only increasing by a few percent and now the price of POL is around $ 0.5. still quite far from the drop from the beginning of this year. this is indeed quite doubtful when seeing the slow increase in its price, not only that, its market cap is also decreasing, and even now POL is only ranked 30th in the coin market cap, it is dropping even more, right?
I think that you also create a best opinion in your post. I think that in this time polygon Matic price is increasing gradually in crypto currency market. But if we follow in few months ago, we can see that polygon Matic price is very lower situation staying in crypto currency market. But we can see that in this time polygon Matic price is increase, because we know that bitcoin price is increase in crypto currency market. So I believe that gradually polygon Matic price also reach best position within a short time. So I think that it will be very prefer for hold or invest in this crypto.
Title: Re: Why Price of Polygon Matic is falling?
Post by: kai on December 30, 2024, 06:10:18 PM
I see not only Polygon whose price has dropped but all altcoins have also dropped, such as Ethereum, BNB and Ripple have also dropped in price.
The benchmark is the change in the price of Bitcoin because this Bitcoin effect is felt very strongly. When Bitcoin is 10,000 dollars then altcoins go up maybe a maximum increase of only 10% and in contrast to the opposite when Bitcoin only drops around 5,000 dollars but all altcoins drop can exceed 21%
I see Polygon also has the same price journey for the past few weeks, so I think Polygon, Ethereum, BNB are all still normal because they follow the price of Bitcoin.
Title: Re: Why Price of Polygon Matic is falling?
Post by: |MINER| on December 30, 2024, 10:49:10 PM
I see not only Polygon whose price has dropped but all altcoins have also dropped, such as Ethereum, BNB and Ripple have also dropped in price.
The benchmark is the change in the price of Bitcoin because this Bitcoin effect is felt very strongly. When Bitcoin is 10,000 dollars then altcoins go up maybe a maximum increase of only 10% and in contrast to the opposite when Bitcoin only drops around 5,000 dollars but all altcoins drop can exceed 21%
I see Polygon also has the same price journey for the past few weeks, so I think Polygon, Ethereum, BNB are all still normal because they follow the price of Bitcoin.
I would have said the same thing a few days ago but poly coins have performed well. Now the bitcoin market is dumping to correct itself and if bitcoin dumps then the entire crypto market will dump and it is normal that altcoins will dump a little more. However, I am ambivalent about how Polygon will perform this bull season because if Polygon had performed well at all, it would be above 0.70 cents now.
Title: Re: Why Price of Polygon Matic is falling?
Post by: kai on December 31, 2024, 10:45:59 AM
I see not only Polygon whose price has dropped but all altcoins have also dropped, such as Ethereum, BNB and Ripple have also dropped in price.
The benchmark is the change in the price of Bitcoin because this Bitcoin effect is felt very strongly. When Bitcoin is 10,000 dollars then altcoins go up maybe a maximum increase of only 10% and in contrast to the opposite when Bitcoin only drops around 5,000 dollars but all altcoins drop can exceed 21%
I see Polygon also has the same price journey for the past few weeks, so I think Polygon, Ethereum, BNB are all still normal because they follow the price of Bitcoin.
I would have said the same thing a few days ago but poly coins have performed well. Now the bitcoin market is dumping to correct itself and if bitcoin dumps then the entire crypto market will dump and it is normal that altcoins will dump a little more.
It's been like that since the beginning because I see that Bitcoin is so dominant that all traders switch to trading Bitcoin and leave altcoins a little. Indirectly the altcoins market is slowly going down and the market is turning red.

However, I am ambivalent about how Polygon will perform this bull season because if Polygon had performed well at all, it would be above 0.70 cents now.
Many doubt it too, including me, you and in our community also to Polygon's performance. Even my friend in the community was disappointed after Polygon changed its name from Matic to Polygon, it Dumped to a price below 0.31 dollars, the estimate in our community would rise to a price of 1 dollar but this dumped.
Title: Re: Why Price of Polygon Matic is falling?
Post by: Stompix on December 31, 2024, 05:14:34 PM
I see not only Polygon whose price has dropped but all altcoins have also dropped, such as Ethereum, BNB and Ripple have also dropped in price.

How can you even compare the two?
Matic is -50% drown from a year ago, Bitcoin is up 115%, comparing the two is pure madness.
Fact is Polygon dropped like a stone, didn't experience anything but a short jump of 30% and then went bearish again while coins were still rising.

 
Title: Re: Why Price of Polygon Matic is falling?
Post by: kai on January 01, 2025, 01:28:25 AM
I see not only Polygon whose price has dropped but all altcoins have also dropped, such as Ethereum, BNB and Ripple have also dropped in price.
How can you even compare the two?
Matic is -50% drown from a year ago, Bitcoin is up 115%, comparing the two is pure madness.
I'm not comparing it with Bitcoin but I'm comparing it with Ethereum, BNB and Ripple which are all of the same type, they are altcoins. Then Bitcoin becomes a benchmark for other altcoins because the price of Bitcoin dominates massively in various markets so that when Bitcoin goes up and green, all altcoins are a little red and the price goes down. Among them is as you said, this Matic coin went down -50%.

Fact is Polygon dropped like a stone, didn't experience anything but a short jump of 30% and then went bearish again while coins were still rising.
Yup, Polygon dropped quite badly for now, even though if I look at the Polygon ecosystem, there are so many and I checked the Polygon ecosystem here:

- https://coinmarketcap.com/currencies/polygon-ecosystem-token/
- https://www.coingecko.com/en/categories/polygon-ecosystem

I will ask you now, if the Polygon ecosystem is already like that, then why hasn't the price of Polygon increased? What factors make Polygon not increase in price in your opinion?
Title: Re: Why Price of Polygon Matic is falling?
Post by: |MINER| on January 02, 2025, 09:37:51 PM
Many doubt it too, including me, you and in our community also to Polygon's performance. Even my friend in the community was disappointed after Polygon changed its name from Matic to Polygon, it Dumped to a price below 0.31 dollars, the estimate in our community would rise to a price of 1 dollar but this dumped.
When the polygon dump to the 0.31 cents I was thoughting that may be this will be another crash in the crypto market and that is why I didn't even make any investment on that time. Now I am regretting myself that why I don't make any investment on polygon on that time. Because in this current market how it recover it self it's looks like even if it don't perform like before it was at least it will goes up to the 1.50$ so I am  regretting it.
Title: Re: Why Price of Polygon Matic is falling?
Post by: Bobcrypto on January 15, 2025, 07:11:02 AM
I see not only Polygon whose price has dropped but all altcoins have also dropped, such as Ethereum, BNB and Ripple have also dropped in price.
The benchmark is the change in the price of Bitcoin because this Bitcoin effect is felt very strongly. When Bitcoin is 10,000 dollars then altcoins go up maybe a maximum increase of only 10% and in contrast to the opposite when Bitcoin only drops around 5,000 dollars but all altcoins drop can exceed 21%
I see Polygon also has the same price journey for the past few weeks, so I think Polygon, Ethereum, BNB are all still normal because they follow the price of Bitcoin.

This situation is basically the effects of Bitcoin dominance factors, it has been the biggest challenge to altcoins, and it is one of the major reasons why many altcoins, especially the new listed projects does not survive this Bitcoin dominance overtimes.
Altcoins with out strong marketcap and huge trading volumes may collapse if dominance increases for a long period. BNB, MATIC, Solana, TRX, Avax, and many others altcoins has been well establish on the crypto market to withstand the Bitcoin dominance, and it should be a yard stick used to determining coins for long term investments in my opinion.
Title: Re: Why Price of Polygon Matic is falling?
Post by: debra on January 22, 2025, 10:38:47 PM
After reading this, I immediately searched for POL on CMC, and I needed to scroll several times to find where POL was at number. and it turned out that the price of POL was that bad. even after changing its name from Matic to POL, the price remained the same, there was no increase and now the price of POL is only around $ 0.4, there really is no progress compared to XRP which used to have almost the same status, the price plummeted and the market cap plummeted. But now, the difference is very far. POL is not only starting to lose trust from the community, but also value, market cap, and there is no development in its project. I don't know how long this coin will be able to survive, because the longer it is, the more its ranking will drop.
Title: Re: Why Price of Polygon Matic is falling?
Post by: erus on January 28, 2025, 03:30:28 AM
Bitcoin from a price of 102,000 dollars fell to a price of around 97,000 dollars per day yesterday, then followed by Polygon from a price of 0.432 dollars down to around 0.392 dollars, I think this Polygon is indeed very difficult to get away from the price of Bitcoin.
Polygon is also still a very dominant altcoin in terms of the Ethereum Layer 2 system but unfortunately this Polygon is always carried away by Bitcoin so that the increase and decrease in its price depends heavily on the price of Bitcoin, maybe this is what is called real altcoins that always lose to the price of Bitcoin.
Title: Re: Why Price of Polygon Matic is falling?
Post by: Ransow on January 31, 2025, 01:01:35 PM
Almost all altcoins price is falling I think bitcoin dominance is the reason to falling altcoins but few coins performance is better lot of altcoins price is almost bottom they almost touched bear market bottom but they're still running well once bitcoin dominance comes below 50-45 we can see a real alt season today Ethereum has started to recover it's bitcoin pair it is a good trigger of the alt season.
Title: Re: Why Price of Polygon Matic is falling?
Post by: Report on February 01, 2025, 03:13:27 AM
Previously I apologize if I was wrong because I noticed the supply of Polygon coins is continuously increasing, I also saw a few months ago that the supply of Polygon coins was around 10,200,000,000. But now the supply of Polygon coins is around 10,347,786,406, that means indirectly the supply of Polygon coins is increasing gradually.

Source :
Quote
https://www.coingecko.com/en/coins/pol-ex-matic
Total Supply
10,347,786,406

Does this altcoinstalks have the same feeling as me that the supply of Polygon coins is gradually increasing?
Title: Re: Why Price of Polygon Matic is falling?
Post by: vegasus on February 16, 2025, 11:41:15 PM
... But if we follow in few months ago, we can see that polygon Matic price is very lower situation staying in crypto currency market. But we can see that in this time polygon Matic price is increase, because we know that bitcoin price is increase in crypto currency market. So I believe that gradually polygon Matic price also reach best position within a short time. So I think that it will be very prefer for hold or invest in this crypto.
I don't know, even I seem to have stopped hoping for this coin. Even though this is one of the altcoins that I have in an amount that I think is not a little. It's just that, to be honest, it seems like there is no development, or the development is very small so that it makes me increasingly desperate with this one coin. Even the price is only in the range of $ 0.3245
Title: Re: Why Price of Polygon Matic is falling?
Post by: debra on April 01, 2025, 11:51:16 PM
... But if we follow in few months ago, we can see that polygon Matic price is very lower situation staying in crypto currency market. But we can see that in this time polygon Matic price is increase, because we know that bitcoin price is increase in crypto currency market. So I believe that gradually polygon Matic price also reach best position within a short time. So I think that it will be very prefer for hold or invest in this crypto.
I don't know, even I seem to have stopped hoping for this coin. Even though this is one of the altcoins that I have in an amount that I think is not a little. It's just that, to be honest, it seems like there is no development, or the development is very small so that it makes me increasingly desperate with this one coin. Even the price is only in the range of $ 0.3245
It seems like it will be very difficult for this coin to rise significantly again. Yes, because there is no definite development from Polygon, right? You said, well what else can we do, we just hope for a little increase, until the number $ 1 will also be very difficult. Unless there is a lot of development and positive news or a lot of influence on POL in the future, or approaching ATH. Because it can be up and down sometimes, and also the presence of good news can pump the price so quickly.
Title: Re: Why Price of Polygon Matic is falling?
Post by: vegasus on April 11, 2025, 11:48:38 PM
It seems like it will be very difficult for this coin to rise significantly again. Yes, because there is no definite development from Polygon, right? You said, well what else can we do, we just hope for a little increase, until the number $ 1 will also be very difficult. Unless there is a lot of development and positive news or a lot of influence on POL in the future, or approaching ATH. Because it can be up and down sometimes, and also the presence of good news can pump the price so quickly.
Yes you are right, it will be very difficult for this coin to rise again like other altcoins. so this is spreading rumors about how POL failed for its future and development. but fortunately, this community is quite significant and we don't know how long it can survive this season or not.

because at least, we really partner with some big reliable shops and then enter the world of crypto business which is much more general, including crypto trading.
Title: Re: Why Price of Polygon Matic is falling?
Post by: Hisbullah on April 25, 2025, 08:41:37 PM
It seems like it will be very difficult for this coin to rise significantly again. Yes, because there is no definite development from Polygon, right? You said, well what else can we do, we just hope for a little increase, until the number $ 1 will also be very difficult. Unless there is a lot of development and positive news or a lot of influence on POL in the future, or approaching ATH. Because it can be up and down sometimes, and also the presence of good news can pump the price so quickly.
Yes you are right, it will be very difficult for this coin to rise again like other altcoins. so this is spreading rumors about how POL failed for its future and development. but fortunately, this community is quite significant and we don't know how long it can survive this season or not.

because at least, we really partner with some big reliable shops and then enter the world of crypto business which is much more general, including crypto trading.
Not true, it is difficult for a coin to go back up when it falls. And we as old investors have often found this in the crypto market.
that's why I chose the top 20 coins for investment, because I am more confident with these coins.
POL does not seem to show good progress this year. even though I used to get a lot from MATIC.