What is going on the mind of polygon investors ?

[Crypto Library]

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?

Let's discuss-

[Orpichukwu]

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.

[Charles-Tim]

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?

Matic all-time high is $2.92
The price now after the gain that you posted about is $0.517

Anyone that invested on the coin during its all-time high is losing 5.647 divided of the money the person invested on the coin. Example is someone that invested $1000 on Matic at all-time high. The person's money would be $177.05 by now . That means the person is losing $823 already.

So is it worth investing on the coin in long term when it has no chance to even get to its all-time high?

[dunfida]

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?

Let's discuss-

Im one of those investors too that been long time holding with this coin but didnt bother to sell out my bag no matter what. The advantage on having that portfolio which is consist of several coins is that you wont really be stressing out yourself whenever that one or two or half of those coins would be dumping and the others pumping on which you would really be having that back in mind that it is really just that a fine thing because you do know that recovery would really be always there. As for Polygon then its one of my favorite coins on which its cheap when it comes to transaction and it fast. We do know that when it comes to price increase
or value then everything would really be depending on the market demand on which of course this would really be the main consideration. Just like any other coins or projects in the market then
it would really be that survival of the fittest. Investing into potential coins would really be the key or something that had been that supported by the community or simply sitting on top ranks.

[albon]

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.

All that matters is that Matic will be migrated to Pol. Any Matic holder can swap it for the new currency on a 1:1 basis. Pol will be the native currency for staking and fees for the Polyon PoS network, which will positively affect functions, governance, and expansion, limiting the supply of 10 billion. The success of POL's price growth depends on the success of this upcoming upgrade after a month and whether it will increase demand and attract investors to the Polygon network.

As for me, I am one of Matic's investors and have long-term confidence in it. With these major developments that will provide solutions for network improvement, I am optimistic about its future and don't see reaching a dollar as difficult. And each person has his own expectations and research regarding his vision.

[Charles-Tim]

As for me, I am one of Matic's investors and have long-term confidence in it. With these major developments that will provide solutions for network improvement, I am optimistic about its future and don't see reaching a dollar as difficult. And each person has his own expectations and research regarding his vision.

Matic is one of the coins that has been so disappointing.  I asked a question up there on my first post on this thread. Can you answer it? Let me quote it for you:

Matic all-time high is $2.92
The price now after the gain that you posted about is $0.517

Anyone that invested on the coin during its all-time high is losing 5.647 divided of the money the person invested on the coin. Example is someone that invested $1000 on Matic at all-time high. The person's money would be $177.05 by now . That means the person is losing $823 already.

So is it worth investing on the coin in long term when it has no chance to even get to its all-time high?

Matic havs been so disappointing. I will not encourage anyone to buy it. I know someone that invested in it this year at $1.02 or so but she has lost half of the money.

[Orpichukwu]

Matic havs been so disappointing. I will not encourage anyone to buy it. I know someone that invested in it this year at $1.02 or so but she has lost half of the money.

If you are to say that Matic has been so disappointing, what will you say for coins like EOS and Wave? They are among the projects with their own blockchain that I'm so disappointed in.
 
Matic has been making some effort to upgrade and meet the demands of its users, which is a good sign. It's just a matter of time before getting back to their ATH will be achieved. Let's first watch how this upgrade will go, which will determine how seriously investors will take it.

[albon]

Matic all-time high is $2.92
The price now after the gain that you posted about is $0.517

Anyone that invested on the coin during its all-time high is losing 5.647 divided of the money the person invested on the coin. Example is someone that invested $1000 on Matic at all-time high. The person's money would be $177.05 by now . That means the person is losing $823 already.

So is it worth investing on the coin in long term when it has no chance to even get to its all-time high?

Matic havs been so disappointing. I will not encourage anyone to buy it. I know someone that invested in it this year at $1.02 or so but she has lost half of the money.

Did everyone buy it at its highest price? They should have bought in stages and chosen the right time to buy, utilizing technical analysis. As for Matic, it is like many other altcoins that were greatly affected by the bearish wave in the market, whales, and similar factors. Its price has indeed dropped in a way that is discouraging for everyone. Don't look at its current price; instead, focus on its potential, the upgrades, and the developments that will take place in its project. I do not know whether it may reach the previous ATH or not, and this is determined by market sentiment, investor interest, and the SEC's stance. Also, Polygon is now in great competition with Starknet, Arbitrum, and other blockchains.

I invested the amount that I did not care to lose, and I have no problem waiting to observe its future closely. Everyone has their own investment decision to make, whether to risk in Pol, withdraw his funds once it recovers, or be a long-term investor.

[Charles-Tim]

If you are to say that Matic has been so disappointing, what will you say for coins like EOS and Wave? They are among the projects with their own blockchain that I'm so disappointed in.

Most altcoins are disappointing. You can see how those meme coins pumped this year. There are many altcoins that pumped like that in the past. But just that most altcoins can be very disappointing. People will pump it and dump it and move to another altcoins. Nothing more than gambling about them.

Matic has been making some effort to upgrade and meet the demands of its users, which is a good sign. It's just a matter of time before getting back to their ATH will be achieved. Let's first watch how this upgrade will go, which will determine how seriously investors will take it.

I will advice people to be careful of altcoins. This coin may not get to all-time high in the next 10 years or more.

[TastyChillySauce00]

Polygon is L2 of ETH and L2 market isn't looking so well with so many newer L2 having relatively low market cap compared to the long established L2 like optimism, arbitrum and polygon, personally I consider the trend of L2 to be dead already and won't invest in them at the time being  . not to mention polygon, despite releasing so many new features, the price barely move, make me wonder if anyone still interested in investing into this coin tbh.

the L1s like Solana is far more interesting than the L2 market right now, since price tightly coupled with the price action of BTC making it have the same volatility as BTC which BTC on its own is having quite the price swing these days alone.

[Glen Hoddle]

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.
Let's discuss-

The price of Matic Coin was 2.92 USD in 2021, but it is currently priced at 0.53 USD.  It is very sad that most of it has been dumping but not pumping, in comparison the price of Bitcoin touched $69k in 2021. But in 2024 it broke the all-time record by touching 73k dollars, but the price of matic coin is relatively at that place and has not touched the past price. So it should have grown more at present, I have investment in I had purchased matic coins for $1.61.  It is the highest dumping in 2022 and till now it has not returned to that journey so if there is only recovery I will sell my holding.

[betswift]

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.

Yep, the potential is here, and it will be gud to get some funds out on the rise, not all, but some of them - sure, taking the creams off so to speak

[Agbamoni]

Matic havs been so disappointing. I will not encourage anyone to buy it. I know someone that invested in it this year at $1.02 or so but she has lost half of the money.

If you are to say that Matic has been so disappointing, what will you say for coins like EOS and Wave? They are among the projects with their own blockchain that I'm so disappointed in.
 
Matic has been making some effort to upgrade and meet the demands of its users, which is a good sign. It's just a matter of time before getting back to their ATH will be achieved. Let's first watch how this upgrade will go, which will determine how seriously investors will take it.

There is no doubt that it was disappointing because a lot of people believed in the coin and had been holding. Matic was one of my first coin i bought during my earlier days of investing. Seeing such a decline reminded me of Luna because back then I lost a lot of money in Luna, and this was the same strategy they used to exit the market.

I think we can do now to hold on to the market recovery, and when we have recovered the exact amount, we bought it luckily, its best we sell and take out our capital at the same time while watching the market if there will be positive changes. I don't want to make the same mistake twice. This does not mean I do not believe the polygon system.

[wheelz1200]

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?

Let's discuss-

I personally like polygon and think there is some substance behind the project.  But in terms of pricing it most likely follow the same path as most of the other larger cap altcoins.  I think there is room for growth and depending on how theor team takes the next year or 2 can see this in the top 10 coins for a long time moving forward.