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.
Avoid using decentralised exchanges as they are not very secure. To make your life easier, we have handpicked two of the best platforms where you can trade cryptocurrencies easily.
As MCO2 is such a new asset, it’s yet to be listed on major exchanges. You can still purchase MCO2 using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy MCO2 right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the Uniswap DEX
Head to Uniswap, and ‘connect’ your wallet to it.
4. You can now swap your ETH for MCO2
Now that you’re connected, you’ll be able to swap for 100s of coins including MCO2.
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.