Matic all-time high is $2.92
The price now after the gain that you posted about is $0.517
Anyone that invested on the coin during its all-time high is losing 5.647 divided of the money the person invested on the coin. Example is someone that invested $1000 on Matic at all-time high. The person's money would be $177.05 by now . That means the person is losing $823 already.
So is it worth investing on the coin in long term when it has no chance to even get to its all-time high?
Matic havs been so disappointing. I will not encourage anyone to buy it. I know someone that invested in it this year at $1.02 or so but she has lost half of the money.
Did everyone buy it at its highest price? They should have bought in stages and chosen the right time to buy, utilizing technical analysis. As for Matic, it is like many other altcoins that were greatly affected by the bearish wave in the market, whales, and similar factors. Its price has indeed dropped in a way that is discouraging for everyone. Don't look at its current price; instead, focus on its potential, the upgrades, and the developments that will take place in its project. I do not know whether it may reach the previous ATH or not, and this is determined by market sentiment, investor interest, and the SEC's stance. Also, Polygon is now in great competition with Starknet, Arbitrum, and other blockchains.
I invested the amount that I did not care to lose, and I have no problem waiting to observe its future closely. Everyone has their own investment decision to make, whether to risk in Pol, withdraw his funds once it recovers, or be a long-term investor.