The Moss Carbon Credit (MCO2) token has doubled in a week and is currently trading at $15.15 at the time of writing
The Moss Carbon Credit token has generated returns of 2X in a week and looks set to test its all-time high (ATH) price located at $17.84. A breakout from the ATH price will bring into play the $19.65 region, a zone of strong resistance for the MCO2 token. Judging by the rise in volumes, the token should stabilise within the range of $19—$21 if the bulls retain interest.
How & where to buy Moss Carbon Credit in the UK and elsewhere
If you are interested in purchasing the Moss Carbon Credit token, you will need a trading account. Creating an account is easy and all you need to do is register on a broker/exchange site. Then, complete the verification process by submitting proof of identity and address. At this stage, the platform will verify and activate your account. Once done, you can deposit funds and start trading.
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What is Moss Carbon Credit? and why is it rallying?
The Moss Carbon Credit token allows for easy trading and monetisation of carbon credits. It currently focuses on the Latin American region. Each MCO2 token is equal to 1 carbon credit. The MCO2 project has been able to provide $10 million for the restoration works in the Amazon forests.
Carbon trading is currently limited to certain regions and people find it difficult to trade globally. Blockchain tokens such as MCO2 could help tide over these bottlenecks and open a whole new world for climate conservation projects. The token is currently enjoying a rally driven by rumours of new listings on top exchanges.
Should I buy MCO2 today?
The MCO2 token has seen good gains in the past week and the coin has the potential for 2X returns if the current rally continues in the future. The early users of the MCO2 token could possibly earn handsome rewards if the coin continues to rise in the future.
This article is informational only—none of the contents should be construed as financial or investment advice.