MATIC/USD 1D

As you have already noticed, MATIC and most of the altcoins have not really have a real rally yet. And they have been somehow in a slow bleeding downtrend but this doesn't mean that they will not come back.

We don't have to forget where we are right now when looking at the economy. Economy has not started to recover to the point where real money flows into high risk projects (remove shitcoins and memecoins for the equation) but that moment will come and projects that have proven their good tech, etc. will rise again.

One of those projects is MATIC, even thought it looks that it doesn't want to come back, MATIC is having a lot of partnerships and developments. In fact I consider it one of the "hidden" gems.

Regarding the chart we can observe that MATIC is currently dancing on prices that only a few have been taken advantage off on April 2021, June 2022, October 2023 and now, August 2024. Just looking at the prices, it is a no brainer to put some money now even if it dips lower.

Another, think I want to debunk is the need of new ATHs. People lose the North when jumping into investments and one of the thing that blur our goals is the new ATHs narratives. You don't need new ATHs to make good money.

If we check the chart after the last ATH, those who bought the bottom and sold the new "ATH" of their periods would have made 3.31x, 1.8x every time and that without taking in count that they could have bought the bottom again with the profits and multiply them.

Will MATIC Price Rise Again?

Disclaimer: The concept and ideas in this post come from my own thoughts and everything I've seen online during my three years in crypto. Any resemblance is purely coincidental.