Polygon’s MATIC Surges 27% On Carbon Neutrality News

Polygon’s MATIC Surges 27% On Carbon Neutrality News

According to CoinMarketCap, the Polygon (MATIC) value was increased by nearly 27% to $0.55 within 24 hours after Polygon’s news of being carbon neutral. However, the coin is still on an upward trend, and as of the time of writing, it was trading at $0.60.  The price is still below what it was at the beginning of the month when it was trading at $0.66, but considering the market downturn, MATIC’s price gain is sending out a positive vibe. It ranks as the 18th largest cryptocurrency worldwide. Related Reading | Bitcoin May Have Hit Bottom According to These Indicators, BTC....


Related News

Polygon’s Total Value Locked Explodes, MATIC Could Run Hotter After A 120% Rally

Polygon (MATIC) has seen an explosion on the daily chart with a 40.4% rally trading at $0,74. In the weekly and monthly chart, MATIC’s numbers are equally impressive with a 118% and 114% bull-run. Most of the profits seem to have been recording over the past three months. Previously knows as Matic Network, the project […]

Despite Polygon’s Bullish Run, Buyers Struggle Near Resistance Of $1.0

The Polygon (MATIC) has had an impressive bull run seen in the last couple of days. The coin is treading above the EMA red lines as seen on the daily price chart. On the other hand, MATIC’s trading volume has plunged by as much as 42% or $1.1 billion overnight.   MATIC price went for a bull run right after it breached the symmetrical triangle pattern spotted on the upside. As it turns out, $1.0 had been a critical level to break for a long time which was a tough challenge for MATIC. MATIC/USDT Currently At $0.93 MATIC/USDT pair is currently trading at $0.93. Bears are having a hard time....

Go green or die? Bitcoin miners aim for carbon neutrality by mining near data...

Bitcoin mining companies must prove carbon neutrality as new regulations come to play, but are carbon offsets enough? Bitcoin (BTC) mining has always been a controversial topic. But, Bitcoin’s proof-of-work (PoW) model has reached new levels of concern as senior decision-makers and investors pay closer attention to environmental, social and governance factors. As such, many crypto miners are highlighting environmentally friendly practices by acquiring carbon offsets. Yet, some would argue that this isn’t enough to guarantee green Bitcoin mining. Other risk factors may also be involved with....

One River Digital sees spike in demand for carbon neutral Bitcoin

After introducing a new carbon-neutral system for Bitcoin investment in April, One River Digital has already applied for a carbon-neutral BTC ETF. Institutional investors have been showing a stronger appetite for a carbon-neutral Bitcoin (BTC) investment solution by One River Digital Asset Management.One River Digital, a crypto-focused hedge fund offering exposure to Bitcoin and Ether (ETH), announced Wednesday that an “overwhelming majority of assets” in its institutional Bitcoin fund have chosen to switch to One River’s new carbon-neutrality share class.In April, the company introduced a....

Crypto's climate impact: Are carbon offsets good enough?

Carbon offsets could be an important step in the crypto industry’s move toward carbon neutrality, although some experts see them as a pure greenwash. As global leaders discuss what needs to be done to address the concerns surrounding climate change at the COP26 summit in Glasgow, Scotland, businesses throughout the world are looking to achieve carbon neutrality. Environmental impact has been a hot topic in the crypto sector with renaming it as being a top priority.Earlier this year, electric car maker Tesla started accepting Bitcoin (BTC) payments and invested $1.5 billion in the....