Absolutely stay away from anything that hit the market using the Binance Launchpad... These only shot up to their ridiculous heights because of the incredible amount of hype and marketing that the launchpad garnered earlier in the year. Now, this hype has died off and the launchpad projects are almost all completely rekt.
Remember, past performance is no indicator of future success, stay away from MATIC or you will be burned.
Actually MATIC is performing great. I agree to you that most token that launch in binance launchpad is shitcoins such as Bittorent and CelerX but Matic is a different story.
They aim for the scalable and instant transaction which is in line with the current problem of crypto. I'm not saying that the price will recover again to all-time high but I believe
on the successful development of the project which will drive the price high again.
This coin has been a lot of interest and a lot of investors bought because this project is really potential for development and has the participation of many large investment funds so I believe this coin is still good. Matic value has been on a downward trend in recent weeks, but the development team is still updating the latest news for investors and that will certainly help a lot for this project.