Polygon's MATIC Tanks to Over 2-Year Lows as Fear Grips the Crypto Market
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Polygon's MATIC has experienced a sharp decline over the past 24 hours. The correction comes as several overarching concerns have led to a broad crypto market rout. The recent market happenings raise questions about MATIC's next move. After a parabolic run in Q1 2024, MATIC, the native token of the Polygon PoS chain, has been locked in a months-long decline, punctuated by a consolidation in Q2 and a relief rally in July 2024. Over the weekend, this decline appears to have gone into overdrive in a panic-led crypto market crash that has wiped out 12 figures in value. Polygon's
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