ETH and MATIC in 2020-2021: A Lesson from L2 Movement and Breaking ATH
In the 2020-2021 cycle, MATIC was the largest as a Layer-2 framework for ETH in the previous cycle, and it oscillated within a wide range until January 2021.
What happened in January 2021? ETH broke ATH and entered the Price Discovery phase.
Once ETH entered Price Discovery, MATIC had strong activity and noticeable fluctuations up and down.
In summary: The movement of ETH could be an indicator for the movement of some L2s associated with it, but each L2 must be evaluated individually, considering that market conditions change.
Important Note: This is a historical documentation paragraph and not investment advice. Do not consider it a recommendation to buy or sell. Rely on your own research and risk assessment before making any investment decision.
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