Despite the fact that the blockchain protocol has seen significant growth and activity, the price of Polygon ($MATIC) has not increased.

Currently, the chart data shows that $MATIC is in the underbought zone.

It's price has fallen below $1 in the last four months, and it is currently trading around 0.81!

This is a significant downward trend.

Along with the price drop, MATIC's trading volume fell, indicating a drop in market participation and interest in the token.

Similarly, the MATIC transaction count has decreased, indicating that the token is being used less frequently.

Despite the increase in activity, the protocol's revenue fell during this time period. This raised concerns about the ecosystem's long-term viability and profitability and it somehow raise concerns of investors.

Frankly speaking , I still believe it's much

undervalued. The only thing I dislike about Polygon blockchain is it's frequent network congestions.

Comment your opinion below!

Is #MATIC worthy to invest?

How do you think ?