5 Rebounding Cryptocurrencies to Buy in August

4. Polygon USD (CCC:MATIC-USD)

Polygon USD (CCC:MATIC-USD) is the native currency for the Polygon sidechain on the Ethereum blockchain.

The blockchain has been in the limelight recently as leading corporations like Instagram, Adidas, and Prada have launched their NFTs on the sidechain. Around 1.8 billion transactions have been conducted on Polygon’s main net. The platform is moving forward with new updates and working with a group of known corporations. Most recently, a decentralized data marketplace in partnership with Mercedes Benz was launched on the Polygon blockchain.

Furthermore, Coinbase has allowed the trading of MATIC and other cryptocurrencies on the Polygon network. This will favor Polygon USD (CCC:MATIC-USD), as investors will save time and money by being able to use their fiat or digital currencies to fund their Polygon wallets. The number of dApps has risen to 37,000, which reflects a fourfold increase since the start of 2022.