Cardano and Polygon soar to all-time highs as investors seek Elon Musk’s next favorite crypto – fr

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Cardano and Polygon soar to all-time highs as investors seek Elon Musk’s next favorite crypto – fr


Crypto-monnaies Proof-of-Stake (PoS) Cardano (CRYPTO: ADA) et Polygon (CRYPTO: MATIC) has seen strong price growth following recent news that Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk is looking for a fuel-efficient alternative Bitcoin (CRYPTO: BTC).

What happened: Polygon saw its price rise by around 40%, from a 24-hour low of $ 1.343 to a high of $ 1.88 before settling at $ 1.81, at the time of publication. Cardano, on the other hand, rose more than 24.6% from a 24-hour low of $ 1.8944 to a high of $ 2.3607 and currently sits at $ 2.22.

Learn more: How to buy Altcoins

Why is this important: The news follows Musk who recently tweeted that Tesla would stop accepting Bitcoin for its electric cars due to concerns about the impact of grid operations on the environment. He said he was considering other digital currencies that use less than 1% of the energy used by Bitcoin.

PoS cryptocurrencies such as those that have just seen this growth – which have in fact taken them to all-time highs – pride themselves on not needing powerful, power-hungry supercomputers that “exploit” them and secure their homes. network. Instead, network security is provided by low-powered computers that lock down (stake) digital assets that will be lost if network operators misbehave – by approving, for example, transactions that shouldn’t be. approved.

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