What is going on the mind of polygon investors ?
What is going on the mind of polygon investors ?
I am sure that the previous weeks of the investors of the polygon(Matic) coin wasn’t going good. And the reason you are already seeing on the chart. Even I was also in FUD and thinking multiple time that should I sell my coin on loss because of saving some of my capital.
But thankfully it’s take quick recovery it make more than 16% pump in 24h and make more 24% recovery in this week.
Even then I will ask to the communities or the polygon investor will think that it will be good idea to hold polygon for long-term or the best will be sell immediately after the recovery?
I believe the reason for this matic price pump could be traced back to their two recent announcements, one about their upcoming upgrade, which is to happen a few weeks from now, on September 4th, and their plan to join the UK advocacy initiatives, which focus on promoting decentralisation.
For now, I think it will be wise for anyone holding to do their own research, but $0.5 is something that matic can outperform anytime, as I have held and sold some in the past for over $1, which I believe it can still get there.
But one thing is just uncertain to me since the new upgrade is going to introduce the Pol token as the new official native token, which will be used to cover up all polygon transaction fees. I think the demand for matic is absolutely going to decline when that starts. As we all know, matic being the native token for the network is part of the reason why its price is pumping.