This year so far has been marked by social networking platforms coming up with different ways to immerse various elements of NFT technology as service offerings. The latest platform to try this is Reddit. On 7 July, it announced the launch of “Blockchain-Backed Collectible Avatars.”
According to the announcement blog, the limited-edition collectible avatars are currently “stored on Polygon” because of the protocol’s “low-cost transactions and sustainability commitments.”
Following the announcement, MATIC has been on an uptrend. Here is all you need to know about the coin’s performance over the last three days.
An overview of the last 72 hours
MATIC was trading at $0.52 before the announcement on 7 July. Priced at $0.5746 at press time, the altcoin’s price saw an 8% hike in three days. Within that period, the coin’s market capitalization also registered a 10% hike from $4.18 billion on 7 July to $4.60 billion.
Interestingly, during a 24-hour window period, the crypto saw a decline in...
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