Polygon Matic Slumps Again As Bitgert Price Remains Stable

Key Points:

• Polygon Matic has pulled back below $0.6
• The Polygon selling pressure remains high
• Bitgert BRISE maintains a stable price

Polygon Matic price has flopped again as the bears take control of the markets. At the time of this writing, Polygon Matic was trading at $0.5835, and the market still looks bearish at the time of this writing. Therefore, Matic price might drop even further before the end of the day.

The falling Polygon Matic price is a result of the entire crypto market crashing. In fact, the global crypto market had declined 4.2% in the past 24 hours. Therefore, one of the reasons Polygon Matic's price is plummeting is a result of the entire crypto market crash.

But more factors are also contributing to the dropping Polygon Matic price. The concerns over the performance of the Polygon project in terms of growth are causing massive sell-offs. The Polygon Matic project's growth has been slow, which is greatly affecting the adoption of the MATIC coin.

The growing competition is also causing the Polygon Matic price to drop. There are crypto projects like Bitgert (BRISE) that have been attracting a lot of crypto investors. This includes the Polygon Matic holders that are selling to buy Bitgert BRISE. Here is more about Bitgert:

Bitgert Dwarfing Other Crypto Projects

The Bitgert project is one of the crypto projects attracting other crypto enthusiasts, not just the Polygon Matic holders. The Bitgert coin performance is one of the reasons why many crypto investors are joining it. Bitgert BRISE has been one of the coins that have posted stable prices even today when the market has been crashing.

 However, the Bitgert upcoming developments are one of the reasons why even Polygon Matic investors are selling to buy Bitgert coins. The massive Bitgert growth and development are reasons why Bitgert price is doing well. Bitgert has the roadmap V1 already delivered. The Bitgert BRC20 blockchain is still the most adopted blockchain today.

The Bitgert team is now in the process of delivering the roadmap V2, which is exciting the crypto community with its disruptive products. There are also a lot of Bitgert backed projects coming up on the Bitgert chain this year.

Conclusion

In conclusion, Bitgert has so many developments which are enabling it to remain stable in the market. Polygon Matic will need to do more to beat the Bitgert competition and reduce the selling pressure.