Top Reason Why Polygon (MATIC) Price is Surging High Amid Crypto Bear Market

Although most crypto traders are focused on Bitcoin, Polygon’s native currency MATIC is generating quiet gains. The MATIC price has increased by more than 20% in the previous 24 hours.

At the time of writing, MATIC was trading 21% higher at $ 0.60, with a market valuation of $ 3.9 billion. The current MATIC price increase coincides with a significant whale buildup over the previous six weeks.

Santiment, an on-chain data supplier, claims MATIC sharks and whales have all been accumulating in large numbers for nearly six weeks. The analytics firm also quotes that owners of 10k to 10m currencies have together added 8.7% more currencies to their wallets throughout this time period.

Polygon Gains Carbon Equality Milestone

Another big factor for MATIC’s optimistic price behavior seems to be that the blockchain network Polygon has reached a significant carbon equality benchmark. Polygon mentioned earlier this week that it has joined with KlimaDAO as part of its sustainability strategy.

The firm recently acquired $ 400,000 in carbon credits, equivalent to 104,794 tonnes of greenhouse gasses. Also, this is the total carbon debt owed by the Polygon network from its launch in 2019. Sandeep Nainwal, the co-founder of Polygon, commented on the news that Our planet is in the midst of an environmental disaster, and the blockchain industry should do much more than commit to avoid damaging it.

He further adds that although achieving carbon neutrality is a critical first step, still there is much additional progress to be made. Polygon will pave the way for the entire sector to become a positive development for the world.

Polygon Gets New Polygon ID Integration

Polygon released a new version of Polygon ID integration on Wednesday, June 22. Polygon ID, which is backed by ZK Cryptography, is an auto-identification solution with great opportunities for DAO management.

Polygon ID gives users the ability to reveal specific identifying details. Furthermore, Polygon ID enables “the prospect of a complete private & verified identity creation.”

Was this writing helpful?

Original Article reposted fromSource link

Disclaimer: The website autopost contents from credible news sources and we are not the original creators. If we Have added some content that belongs to you or your organization by mistake, We are sorry for that. We apologize for that and assure you that this won’t be repeated in future. If you are the rightful owner of the content used in our Website, please mail us with your Name, Organization Name, Contact Details, Copyright infringing URL and Copyright Proof (URL or Legal Document) aT spacksdigital @

I assure you that, I will remove the infringing content Within 48 Hours.

Leave a Reply

Your email address will not be published.


"I kind of see a little bit of myself in Jannik Sinner's game" – Novak Djokovic after setting up Wimbledon QF clash against the Italian

Novak Djokovic beat Tim van Rijthoven 6-2, 4-6, 6-1, 6-2 in the fourth round of Wimbledon on Sunday to set up a blockbuster quarterfinal showdown with Jannik Sinner. Speaking to the media after his win over the Dutchman, Djokovic showered rich praise on the Italian, mentioning how certain aspects of the latter’s game resemble his […]

Read More

Transfer Talk: Bernardo Silva wants to join Xavi's Barca project

The summer transfer window is here, and there’s plenty of gossip swirling about who’s moving where. Transfer Talk brings you all the latest buzz on rumors, comings and goings and, of course, done deals! TOP STORY: Silva pushing for Barca move Bernardo Silva has informed his agent that he would like to join Barcelona this […]

Read More

KVIFF 2022: Iranian Horror 'Zalava' is a Thrilling Supernatural Fable

KVIFF 2022: Iranian Horror ‘Zalava’ is a Thrilling Supernatural Fable by Alex Billington July 3, 2022 Everyone is familiar with the concept of Schrödinger’s cat, right? Is there a cat in the box, or not? Here’s the formal definition: “In quantum mechanics, Schrödinger’s cat is a thought experiment that illustrates a paradox of quantum superposition… […]

Read More