Is It Too Late to Buy Polygon? #MATIC Price Rallies Up 5% in 24 Hours as Green Crypto Chimpzee Sails Past $800,000 Milestone

According to CoinGecko, the price of MATIC, the native token of #Ethereum's most important layer-2 scaling protocol by market #capitalization, has increased by more than 5% in the previous day.

As the cryptocurrency continues to recover from the losses it sustained in June as a result of the US Security and Exchange Commission (SEC)'s assertion that it is actually a security, MATIC was last trading slightly over $0.74 and to the north of its 50-Day Moving Average (DMA) for the first time since April.

Even though MATIC is still down more than 16% from its pre-SEC FUD (fear, uncertainty, and doubt) levels near $0.90, it has increased an astonishing more than 45% from its June lows in the $0.50 region.