After weeks of bearish run, Polygon (MATIC) witnessed one of the sharpest rebounds in the cryptocurrency market this week. MATIC’S price notably rose to $0.50 on June 23, four days after the coin hit its lowest level since April 2021. This rapid gain of about 60% is a performance that beat the resurgence of even Bitcoin (BTC) and Ethereum (ETH) in the same timeframe. Although MATIC is still far from its all-time high recorded value of $2.92 in December 2021, it is a massive improvement in a period where the market is down.
According to on-chain …
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