Polygon (MATIC) Crypto Soars 25% After Reaching Carbon Neutrality



Investing.com – With a gain of more than 25% over 24 hours at the time of writing, the cryptocurrency, ranked 18th by capitalization, is by far the best performing crypto in the top 20 on Thursday.

This performance is all the more notable as the two main cryptocurrencies on the market remain stable overall, with just above $20,000 and around $1,100, still down sharply over a week, where the MATIC gains more than 20%.

And the reason for this large outperformance of the Polygon cryptocurrency is essentially in an announcement made on Monday evening.

In a blog post, the blockchain startup revealed that it has achieved carbon neutrality for its network.

It has partnered with KlimaDAO as part of its eco-friendly Green Manifesto. Initially, Polygon purchased $400,000 worth of carbon credits, which represents 104,794 tons of greenhouse gases. This is the equivalent of the entire carbon debt of the MATIC network since its creation in 2019.

“Our world is facing an environmental crisis, and the blockchain industry needs to do more than promise to stop adding to the problem,” said Polygon co-founder Sandeep Nailwal.

“Achieving carbon neutrality is an important first step, but there is more work to be done. Polygon will lead the way as the entire industry prepares to become a net positive for the environment,” he said. -he adds.

From a graphical point of view, it should be noted that Polygon (MATIC) is currently testing the psychologically important resistance of $0.5, with for now a high at $0.511 this morning. Compared to last Saturday’s low at $0.317, this represents an increase of +61%.



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