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.

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.”

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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