MATIC fell to $1.36 during the week. This was due to fears about Russia’s invasion of Ukraine. Investors were forced to sell cryptos including MATIC. MATIC is now trading at $1.54 and up 5.7% in the last 24 hours, despite the shock waves that rocked altcoin markets.

Greg Waisman pointed out that the MATIC price has grown in surprising ways, given the fact that MATIC is somewhat separated from other altcoins. At the same time, the MATIC price was mentioned. This unusual trend demonstrates how Polygon networks are crucial to optimal functioning of broader, decentralized finance as well as the Web 3.0 ecosystem.

One of two possible outcomes for this token’s unprecedented price increase is: An extended growth that is based upon a positive sentiment all around the token, or an immediate reversal because many of its old owners will consider this price run up as an avenue for profit.

Although the increase may not last long, we can still expect some correction. The factors that contributed to the growth could be used to keep the course steady in the medium and long term.

All these factors can be attributed to the importance of the protocols inherent capabilities, as the development team claimed will be enhanced by Zero-Knowledge rollups. In the midst of these price crashes, investors are fixated on MATIC to increase smart contract scale and thus expand the market for cryptocurrency.

Waisman feels that Polygon is a great altcoin, given its current price performance. The coin’s fundamentals support good price growth in both the medium and long term and technical indicators also point to these possibilities.

Beyond the highlighted fundamental features that largely weighed the price of MATIC down in the past week, the MATIC coin has also maintained a relatively good metric as a digital token that has been stretched thin by sellers, comfortably cresting it in the ‘oversold’ region.

This area is usually characterized by a targeted rebound that has helped to ignite the current run. The Relative Strength Index is currently at 43.27, which indicates that the currency has the potential to recover its upward momentum and chart a new course over the coming week.

MATIC’s price target is $1.85 short-term, $2 medium term, and $3 long term.

Polygon (MATIC), an investment asset worth looking into, is worthy of both institutional and retail investors. Waisman noted that Polygon (MATIC) announced earlier in the month a private token sales funding round, raising $450 million of MATIC coins. The funding round enjoined participation from big investors including Sequoia Capital, SoftBank’s Vision Fund 2, and Galaxy Digital, among others.

This is no coincidence that MATIC was chosen by these investors. It is not coincidental that these investors chose to back MATIC. They understand its potential as an altcoin and it’s one of the least valued in this space. When this current “crypto winter” is over, investors will choose to back a project that has a good tendency to grow faster than others, and a token like MATIC fits the description in more ways than one.

The network’s ecosystem is growing at a very fast pace, with more than 7,000 decentralized applications already using Polygon to scale their protocols. Polygon will continue to be relevant as its development team works hard to ensure that the network is in sync with Web 3.0’s dynamic dynamics.

Polygon is a network of over 52,000 contract makers and 135,000,000 unique addresses. This gives it the ability to continuously bring scale solutions in the future and now. Even though manifestation of MATIC coins is still a long way off, these ecosystem perspectives are set to continue supporting the positive growth.