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09.12 - 23:43
With Bitcoin, Ethereum in the picture, can MATIC pull off a recovery
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The beginning of November was still a relatively good time for the market as most top coins hit all-time highs and the market cap glimmered. MATIC, however, has been on a downtrend for over 20 days now.
With the larger market correcting across the board, MATIC’s momentum slowed down even further. In fact, its price has fallen by over 20% since.
MATIC’s price has been on a downtrend since 1 November, losing over 22% of its value after testing a multi-week high of $2.22 on 29 October. Further, while most of the top alts charted ATHs, MATIC’s price fell just short of it.
In fact, with most altcoins’ market cap rising, the crypto also lost its rank in the top twenty assets by market cap.
Source: Trading View
Nonetheless, despite low
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