MATIC Price Revival Chances Decline With Continuous Dip: Sell or HODL ?

#BinanceLaunchpool #bitcoinhalving #BullorBear #Memecoins #BTC MATIC, a popular token launched by the Polygon network, has been continuously declining, breaking the investor’s expectations. There was a time when it was among the top ten best-performing cryptocurrencies on CoinmarketCap, but its recent MATIC price defeats have shifted the token to the 18th position. This is the state of the Polygon network token, where the network has been known for its faster transactions and cheaper gas rate.

MATIC’s performance over the last years has continuously disappointed the traders as no positive growth has happened. The MATIC price has reduced by 30% this month, and the same is for the year, with a few minor peaks in between.

In the last few hours, MATIC has declined almost 4% and is currently trading around $0.701 with a market capitalization of $6,939,275,403 after a drop of 4.66%. This declining nature has been continuously pushing MATIC’s position in the market, and in continuation, the token will be out of the top 20 cryptocurrencies as well. MATIC had a decent surge in March, where the price rose to a year-high of $1.2714. A similar surge might be expected if the token could break breakout to $0.77 or more. However, the continuous dip has been restricting it for days now. The breakout also seems contradictory for now, as the crypto market isn’t on its best performance. The global crypto market cap is resting at $2.31 Trillion, with a 24-hour trading volume of %57.19 Billion.

As the fear and greed index has reported a neutral zone, MATIC charts are moving sideways with no improvement. This is because the buying and selling pressure is balanced, providing no benefits to any side. Despite the current falls, MATIC has a history of performing well in the market. The token has gained quite a community over the years, supporting its value for years, even in losses. Presently, 410,564,568 addresses have been holding the MATIC token, which is still decent after its continuous falls.