MATIC price forecast: how will the Coca-Cola sharable collectibles shape its value?

By:
on Aug 8, 2022
  • In the last 24 hours, MATIC increased in value by 4%.
  • The trading volume for the cryptocurrency also saw an increase of 10%.
  • This can be attributed to the fact that Coca-Cola launched shareable collectibles on top of Polygon.

Polygon (MATIC/USD) is a scaling solution that aims to provide a multitude of different tools as a means of improving the speed while also reducing the cost as well as complexities of transactions that occur on top of a blockchain network.

Polygon was specifically built to scale Ethereum at Layer-2, and MATIC is its native cryptocurrency that is used to drive the development, staking, as well as for payment of transaction fees.

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Coca-Cola’s International Friendship Day launch of sharable collectibles as a catalyst for growth

On August 7, 2022, Polygon Studios made an official announcement on Twitter surrounding the launch of first-of-a-kind, generative and shareable collectibles on Polygon, as a means of celebrating International Friendship Day, in collaboration with Coca-Cola.

“The collectibles have a unique share-to-reveal functionality where each artwork will reveal after being shared with a friend.”, Polygon Studios carried on to say.

The Coca-Cola Company also shared official news, with the headline “Coca-Cola Marks First Anniversary in the Metaverse with Collectibles Drop on International Friendship Day.”

Should you buy Polygon (MATIC)?

On August 8, 2022, Polygon (MATIC) had a value of $0.9381.

To get a better perspective as to what kind of value point this is for the MATIC cryptocurrency, we will be going over its all-time high point of value alongside its performance throughout the previous month. 

The all-time high point of value for the Polygon (MATIC) cryptocurrency was on December 27, 2021, when it reached a value of $2.92.

When we go over its performance throughout the previous month, Polygon (MATIC) had its lowest point of value on July 2 at $0.4509.

Its highest point of value was on July 31 at $0.9886. Here we can see an increase in its value by $0.5377 or by 119%.

With this in mind, we can expect the MATIC cryptocurrency to reach $1.2 in value by the end of August 2022, making it a solid cryptocurrency to buy.

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