Crypto markets seem to be showing a growing interest in eco-friendly cryptocurrencies, as analysts speculate about a possible ‘Green Crypto’ breakout. Leading this pack is the 7th ranked cryptocurrency, Cardano (ADA), which has been labeled as the first carbon-neutral blockchain following the launch of Cardano Forest, a joint venture with VeriTrees. This effort has been driven by grassroots initiatives within the Cardano community, resulting in the first carbon-neutral staking pool, CO2 Pool. These efforts are bearing fruit, as ADA’s price action demonstrates a surge of activity in recent weeks.
Yesterday’s retest of support below the MA20 has been well defended, leaving ADA price trading at $0.37 (a 24-hour change of +2.6%). With the cryptocurrency now once again atop the MA20, Cardano’s market indicators suggest a make-or-break action on the horizon. If the proposed green narrative takes hold, Cardano could see an upside target of $0.50 (a potential +33.90% move). However, significant downside risks remain, with a possible tumble to $0.30 (a fall of -17.57%) not out of the question.
While Cardano presents a lucrative play, it’s not the only green crypto project gaining traction. One such project with potential to outperform ADA’s projected +33.90% gain is Ecoterra. Currently in the presale stage, this promising upstart has the potential to see 10x gains due to the advantage of early entry.
Ecoterra, an inventive ‘Recycle-to-Earn’ project, is set to monetize recycling across the European Union by incentivizing recycling through its R2E mechanism, which rewards users with tokens for their recycled waste. It encourages an eco-conscious lifestyle and responsible investing. As the seventh stage of the Ecoterra presale is currently underway, early investors have an excellent opportunity to invest in this eco-friendly cryptocurrency at a discounted price of just $0.0085 per token.
The Ecoterra ecosystem incorporates multiple components, including a carbon offset marketplace, recycled materials marketplace and Reverse Vending Machines (RVMs) that reward users with ECOTERRA tokens for each recycled item. These features foster a strong cycle of sustainability and investment potential.
The primary focus of Ecoterra is to address pressing environmental challenges through eco-conscious behaviors. It offers a unique investment opportunity that promises not only potential financial returns but also a positive environmental impact.
So, with the bullish outlook on Cardano’s price, future-focused investors should turn their attention to opportunities like Ecoterra in order to capitalize on the green initiative. Offering more than just a financial investment, Ecoterra sets itself apart in the crypto market by aiming to solve real-world environmental problems. As the presale continues, now is the time to enter the ground floor of this promising eco-friendly cryptocurrency.
Source: Cryptonews
