Before it was BSC network at every corner of the crypto space and gradually the batton is moving to Matic where their network also offers cheap gas fee for transaction as well as considerable high speed, which is even quite better than that of BSC network currently. Using SOL as an instance, the price grew massively because whatever the team were working on paid off and attracted a lot of projects to their blockchain, that means the more projects launches on a blockchain platform the more that platform grows thus the price increase. Therefore, Matic team needs more impoverishment and more attractive features to bring them to the forefront of new projects, such that, new projects will find their network more preferable than others.
Nevertheless, the team have done great work so far which has made Matic coin very good for long term holding in my own opinion.