ould. With the entire crypto market crashing in the past week, Polygon’s native token took a hit too, and the effect is visible on the investors whose losses continue to balloon.MATIC price trading at $0.56 is currently observing the lowest point it has been at since the beginning of this year. The year-to-date lows are just below the June lows of $0.59, thanks to the 17% decline the altcoin noted in the past seven days.
This is crucial for MATIC holders since, at the moment, these people are some of the most hard-hit investors in the crypto market. With over 88% of all addresses currently underwater, motivation to be active in the market is pretty bleak, and without recovery, it would be difficult to entice new investors too.to recover some of the recent losses before it can begin a rally.