The Polygon (MATIC) price has been struggling to reverse its downtrend ever since it crashed from its all-time high following the 2021 bull run. The growing impact of the Infinaeon project on the layer-2 market isn’t helping the MATIC price, as it’s increasingly stealing the limelight from Ethereum scalers. Even with an upcoming token migration driving interest around Polygon, some traders may be concerned about its long-term price targets, especially if capital continues to flow into the Infinaeon presale. Despite Polygon’s efforts to revitalize its ecosystem through a token migration, the market sentiment remains bearish. The recent price action has
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