Polygon price surges: here’s why MATIC jumped 23% today

Polygon price surges: here’s why MATIC jumped 23% today
фото показано с : coinjournal.net

2022-6-23 17:41

Over the past seven days, Polygon (MATIC) has experienced significant gains and it comes as a relief to Polygon traders and investors after a prolonged crypto market meltdown.

At the time of writing, MATIC was trading at $0.5116, up 23.65% over the past 24 hours. It has hit a daily high of $0.5145.

Although MATIC is still down by 82.67% from its all-time high of $2.92 that it had set last year on December 27, its trading volume has gained a whopping 114.45% to sit at $937.9 million in the last 24 hours.

But why is MATIC outpacing other cryptocurrencies in the bearish market? let’s dive into some of the reasons behind the MATIC price surge.

Carbon neutrality achievement

One of the main reasons for the rally is the achievement of Carbon neutrality after its recent partnership with KlimaDAO, an on-chain carbon market to achieve it. During their announcement yesterday, Polygon said that it has received $400,000 worth of carbon credits which is equivalent to 104,794 tons of greenhouse gases.

In an official blog post, the blockchain company said:

“Polygon has made a major first step toward becoming carbon negative with the retirement of $400,000 in carbon credits representing 104,794 tonnes of greenhouse gasses, or the entirety of the network’s CO2 debt since inception.”

Polygon co-founder Sandeep Nailwal also said:

“Reaching carbon neutrality is an important first step, but there is more work ahead. Polygon will lead the way as the whole industry moves toward becoming a net positive for the environment.” 

Whales’ accumulation of MATIC holdings

Another reason for the MATIC price surge is the increase in MATIC accumulation by whales.

According to a tweet posted today by Santiment, Wallets with between 10k and 10 million MATIC coins have purchased more MATIC coins, this has been happening since early May this year.

🦈🐳 $MATIC sharks and whales have been in a pretty big accumulation trend for about six weeks. The tiers of holders ranging from 10k to 10m coins held have collectively added 8.7% more to their bags in this timespan. 📈 https://t.co/oasCn72rxt pic.twitter.com/lm4au2fWkn

— Santiment (@santimentfeed) June 22, 2022

The post Polygon price surges: here’s why MATIC jumped 23% today appeared first on CoinJournal.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Matic Network (MATIC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.5485
Капитализация $0 Rank 99999
Цена в час новости $ 0.4929 (-100%)

matic polygon today jumped surges price comes

Источник: coinjournal.net

matic polygon → Результатов: 126


Why Polygon Isn't the Best Altcoin to Buy in 2024, Expert Reveals 3 MATIC Alternatives for 20x Gains

Investors are constantly searching for the next big chance to increase their profits. Although Polygon (MATIC) has gained popularity as an Ethereum Layer 2 scaling solution, analysts advise against coThe post Why Polygon Isn't the Best Altcoin to Buy in 2024, Expert Reveals 3 MATIC Alternatives for 20x Gains appeared first on AMBCrypto.

2024-5-15 16:15


February 2024 Altcoin Surge Highlights: Meme Moguls (MGLS) Presale Success with Polygon (MATIC) and Chainlink (LINK) Surges

In February 2024, the altcoin market witnessed a notable surge, showcasing the vibrant dynamism and potential for substantial growth within the cryptocurrency sector. Among the standout performers, Meme Moguls (MGLS), Polygon (MATIC), and Chainlink (LINK) have captured significant attention due to their impressive gains and strategic advancements.

2024-2-22 11:00


Polygon (MATIC) Price Eyes Breakout at Critical Resistance, Nike Partnership in Focus

Considering the growing buying pressure brought about by a group of strategically-minded large investors, or 'whales', is it likely that Polygon (MATIC) will surpass the $0.90 mark in the days ahead? The post Polygon (MATIC) Price Eyes Breakout at Critical Resistance, Nike Partnership in Focus appeared first on BeInCrypto.

2023-6-5 12:30


Polygon прибавил 5% благодаря усилению сетевой активности

Альткоин Polygon (MATIC) в ночь на пятницу, 26 мая, вырос до $0,008. За минувшие сутки капитализация MATIC подскочила более чем на 5% до $8,218 млрд. Рост стоимости криптовалюты стал прямым результатом всплеска сетевой активности, считают эксперты.

2023-5-26 00:01


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Breakneck Growth: Polygon (MATIC) Surpasses 4 Billion Transactions

Polygon, the Ethereum scaling solution aiming to solve the network’s scalability woes, has blasted past a monumental milestone: 4 billion total transactions. This achievement is particularly impressive considering the network launched just four years ago in June 2020.

Arbitrum beats Polygon in key area: What's next for the Ethereum L2 rivals?

 Another whale bought ARB tokens worth $6.15 million while MATIC did not attract such investment. New unique transactions on Arbitrum were more than those on Polygon. If the kind of accumulThe post Arbitrum beats Polygon in key area: What's next for the Ethereum L2 rivals? appeared first on AMBCrypto.

MATIC price's breakout odds depend on THESE key metrics

Historical data using the MVRV ratio indicated a possible 31% hike for MATIC in the mid-term Old tokens have refrained from moving - A sign that another correction might be unlikely A cruciaThe post MATIC price's breakout odds depend on THESE key metrics appeared first on AMBCrypto.

Why Polygon and MATIC's loss is LINK's gain after it surges 10%

Chainlink and MATIC on-chain metrics were compared, and investors have a clear favorite. This could be an early sign of a better price performance in the coming months for one of them. ChainThe post Why Polygon and MATIC's loss is LINK's gain after it surges 10% appeared first on AMBCrypto.

MATIC down 21% in April: Can 115K Polygon whales turn the tide in May?

MATIC whales have accumulated more tokens in the last month. However, the token’s price has continued to fall. The count of Polygon [MATIC] whales has rallied in the last month despite theThe post MATIC down 21% in April: Can 115K Polygon whales turn the tide in May? appeared first on AMBCrypto.

Solana NFTs revive, beat Polygon: What about Ethereum NFTs?

In the last 24 hours, SOL’s NFT sales exceeded $3 million  Ethereum continued to dominate Solana and Polygon in the NFT ecosystem Solana [SOL] witnessed some traction in its NFT ecosystemThe post Solana NFTs revive, beat Polygon: What about Ethereum NFTs? appeared first on AMBCrypto.

Polygon zkEVM logs 11 million transactions, but there is a problem

Polygon zkEVM’s average gas price dropped sharply last month  Both zkEVM’s active addresses and transactions were significantly lower than zkSync Era's Polygon zkEVM is in the news agaiThe post Polygon zkEVM logs 11 million transactions, but there is a problem appeared first on AMBCrypto.