The price of Polygon (Matic) cryptocurrency token has jumped over 30 per cent in the last few days. In the last 24 hours itself, Matic price has increased by over 26 percent. At the time of writing, the Matic token was trading at $0.5037, according to data on CoinMarketCap.
While Matic is still around 83 percent down from its all-time high price of $2.92 achieved on 27th December 2021, the current surge in the price of the token has come as a relief for investors battered by a prolonged downturn in the market.
The immediate reason behind the surge in Matic price is believed to be the achievement of carbon neutrality by the project.
“Polygon(MATIC), recently achieved carbon neutrality(a balance between emitting and absorbing carbon). This has led to a surge in MATIC price in the last few days, jumping up by 30%. The hourly trend for MATIC has broken out of the ascending triangle pattern. The next resistance is expected at $0.73 level.” WazirX Trade Desk shared in a note today.
In an...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...