Polygon MATIC/USD is a Layer-2 scaling solution specifically developed to run alongside the Ethereum blockchain network, which enables quick transactions and low fees.
The native cryptocurrency token that powers this solution is known as MATIC, and it is used for fees, staking, and more within the network.
Carbon neutrality as a catalyst for growth
On April 12, 2022, Polygon made an official announcement where they unveiled the Green Manifesto, which is a smart contract with Planet Earth.
In other words, Polygon pledged $20 million to offset carbon footprints and buy extra credits to become carbon negative.
Additionally, they are also contributing towards community initiatives such as encouraging ecosystem partners to make the pledge as well and will provide resources for the ecosystem partners that aim to offset their carbon footprints, alongside making donations easy for NGOs that are fighting climate change.
They will also make this part of the Polygon DAO.
Polygon aims to achieve the goal of becoming carbon neutral by the end of 2022, and when the goal is achieved, it will work on becoming the first blockchain to be climate positive.
This announcement could lead to an increase in the value of the MATIC token.
Should you buy Polygon (MATIC)?
On April 13, 2022, Polygon (MATIC) had a value of $1.42.
To truly see what this value point of $1.42 represents for the MATIC token, we will be going over its ATH point of value and its performance in March.
Looking at the token’s all-time high, Polygon (MATIC) had a value of $2.92 on December 27, 2021. Here we can see that the token was $1.5 higher in value or by 105%.
When we go over the token’s performance throughout the previous month, Polygon (MATIC) had its lowest point on March 15 at $1.34.
However, the token’s highest point was on March 31, when it reached a value of $1.74. This gives us an indication that the token increased in value by $0.4 or by 30%. With all of this in mind, we can expect MATIC to climb to $2.2 by the end of April 2022.
The post How far can MATIC climb after Polygon commits to going carbon neutral? appeared first on Invezz.
from Matic Network – Invezz
