- MATIC price shows bullish signs despite the presence of multiple hurdles in its path.
- Investors can expect Polygon to reach $0.68 in a highly bullish case, if it overcomes intermediate blockades.
- A four-hour candlestick close below $0.38 will invalidate the optimistic outlook and trigger further losses.
MATIC price has seen a resurgence of buying pressure that has caused it to rally over the last 24 hours. This development comes after Coca-Cola announced on July 3 the launch of its Polygon-based NFTs.
Polygon NFT scene to take off soon
Coca-Cola announced that it will be launching an NFT collection on the Polygon blockchain in collaboration with Rich Mnisi, who is an artist and an advocate of the LGBTQIA+ community.
Based on the website, these collectibles are made in celebration of the community and each piece, “aims to shine color-filled light on the community's members and spread a message of Love.”
Furthermore, the announcement reveals that all proceeds from the initial sale and re-sale of the NFTs in Coca-Cola’s Pride collection will be donated to charities serving the LGBTQIA+ community.
Another important update for the Polygon community is Meta’s announcement of the launch of NFTs on Ethereum and Polygon. The company’s Product Manager Navdeep Singh shared the initial announcement on Twitter.
We're launching NFTs on Facebook! Excited to share what I've been working on with the world. pic.twitter.com/TaV66zRanV
— Navdeep Singh (@navdeep_ua) June 29, 2022