Polygon Matic Struggles to Stay Above $0.5, While Bitgert Go Bullish

Key points:

• Polygon Matic increased 1.5% in the past 24 hours to trade at $0.64
• Bitgert BRISE continues posting a bullish outlook
• Bitgert disruptive products are attracting a lot of attention

The Polygon Matic is still struggling to remain above $0.5 as the crypto markets crash. The coin has been posting persistent price drops over the last few weeks. In the past 30 days, Matic price dropped from $1 to $0.54 before the coin made some recovery to the current price.

In the past 24 hours of this writing, Polygon Matic increased by 1.5%, which has raised the price to $0.64. This surge in price has greatly increased the chances of the Matic staying above the $0.5 mark. But if the bears take control in the next few days, then it will be very difficult for the Polygon Matic to maintain this price.

Though a bullish market condition will keep Matic surging towards the $1, there are other factors that will greatly determine MATIC performance. The upcoming Ethereum merge will be a factor because the Polygon Matic protocol is scaling this chain. If the demand for the Polygon protocol will reduce after the Ethereum chain scales better, then the Matic coin price might drop.

In addition to this, Polygon Matic will need to beat the competition from its tough competitors to keep the price above $0.5. Bitgert (BRISE) is one of the biggest Polygon Matic competitors.

Bitgert Influence on Polygon Matic

Bitgert will influence Matic price due to its blockchain network outperforming Polygon. Bitgert BRC20 blockchain is EVM compatible, thus proving Ethereum users a cheaper and faster blockchain. The Bitgert blockchain is the first zero gas fee blockchain and has the fastest speed at 100k TPS.

The Bitgert blockchain is the reason Polygon Matic might have challenges in making a significant price growth as blockchain users will be choosing Bitgert. It is also important to note that the Bitgert coin has been bullish, and thus many Matic holders have been joining Bitgert.

Therefore, Bitgert is among coins triggering selling on the Polygon Matic. If Bitgert remains bullish, the more Matic holders will sell to buy BRISE,

Conclusion

Polygon Matic will find it tough to maintain a price above $0.5 if the bears take over the market. However, Bitgert has always maintained a stable price even during bear market conditions.