Are green cryptos the next trend to Memes in 2023, since Ecoterra achieves almost $ 5 million in advance?
Are green cryptos the next trend to Memes in 2023, since Ecoterra achieves almost $ 5 million in advance?
While the current fud around crypto is about the SEC crypto exchanges sued due to the sale of securities, the story is repeated often and the last bull market there was a break-in crypto prices, since Tesla set the BTC payments due to environmental concerns.
Therefore, cryptos that take sustainable climate protection measures could perform the next time if the sustainability narrative appears. We have already seen that the top altcoin Ethereum makes efforts to become more environmentally friendly.
After years of planning and development, Ethereum was the first blockchain to change its consensus mechanism. Essentially, this means that the rules change that must adhere to the valid Ethereum transactions.
The network upgrade was called "The Merge" because it brought together two blockchains into one. After the upgrade, the consensus mechanism from Ethereum switched from proof-of-work to proof-of-stake.
The difference between the two consensus mechanisms is that proof-of work is dependent on computing energy to secure a blockchain network, while proof-of-stake networks are secured by monetary values.
It goes without saying that the Ethereum chain is becoming significantly more environmentally friendly and is geared towards the environmental, social and governance goals (ESG) of institutional buyers.
With a view to the future, this could significantly improve the ETH price. However, there are many other options for how blockchain can contribute to climate protection.
ecoterra
Ecoterra may currently be the most discussed green cryptocurrency. This is a trendy advance booking cryptocurrency that approaches the total value of $ 5 million, which shows the great confidence of investors in the project.
The project has four main pillars, the most important thing is "Recycle2earn". The others are a used goods marketplace, a CO2 equalization marketplace and an impact tracker profile for companies.
recycle2earn is a new concept that Ecoterra has developed. This includes the placement of "Reverse Vending Machines" (RVMS) in shops and supermarkets worldwide. Users can then recycle their goods in the RVMS. to earn $ ecoterra.
ecoterra already has partnerships with well -known brands such as Dr. Pepper, San Pellegrino and Heineken closed. Through the partnerships, Ecotra users can recycle the products of these brands in their RVMS.
The other three pillars of Ecoterra all refer to the care of companies that work in the circular economy. Ecoterra uses the advantages of blockchain such as transparency and unchangeability so that the public can pursue the climate measures of the companies and make sure that they do what they say.
Investors can currently buy ecotra tokens for $ 0.00925-a discount on the list price of $ 0.01.
Visit the Ecotra pre-sale
chimpanzee
Another up -and -coming green cryptocurrency is currently Chimpzeee. While Ecoterra focuses on creating new applications for crypto, Chimpzeee revolutionizes existing blockchain applications by making them more environmentally friendly.
Several dealers have praised Chimpzee as one of the best green cryptocurrencies that can be bought. Youtuber Jacob Bury is optimistic about Chimpzee and emphasizes in a recent video that the project offers enormous potential for the recruitment of new investors.
One of the reasons why Chimpzeee is so popular is that it integrates trendy applications and at the same time protects the environment. The project will include a Shop2earn, Trade2earn and Play2earn mechanism as well as tailor-made AI Schimpansen-Avatar-Nfts.
chimpzeee has already taken initiatives to combat climate protection. For example, the project has just exceeded the total of $ 500,000 in advance and undertook to plant 20,000 trees with the charity organization "One Tree Planted". In addition, 10 % of the total offer of the token was distributed to charitable wallets.
CHMPZ is currently available in advance of level 1 for $ 0.000625. However, the pre-sale round should end in eight days, whereupon the price will increase to $ 0.00064. The IEO price is set at $ 0.00185, which corresponds to a profit of 196 % for investors who are now buying.
Mooky
MOOKY quickly becomes aware of as the best environmentally friendly meme coin. Since Pepe and other smaller meme coins have recently exploded, retailers have great hopes that the Mooky token could be the next one who has a good performance
The project will include 1,000 “value -assured” NFTs, which grant owners access to the “Ventures Club” and the governance of the project. Similar to Chimpzee, Mooky will have a charity, although Mooky's allocation is 5 %.
So far, the project has proven to be extremely popular in its community and has already accumulated over 12,000 Twitter Follower and 3K Telegram members.
Currently the pre-sale in phase 8 of 12 and costs $ 0.00000735. The price increases to $ 0.00003125 until the last round. The price of level 12 corresponds to an increase of 325 % compared to the current rating.
ether
As already mentioned, Ethereum has already taken significant measures to focus on ESG goals. Since there is no signs of a transition to the proof-of-stake at Bitcoin, this could make Ethereum a more attractive investment for environmentally conscious institutional investors.
According to Pre-Sustainability, the transition from ProOF-of-work to Proof-of-Stake led to the energy consumption of Ethereum decreased by 99.98 %
In addition, the Ethereum Foundation emphasized a study by the CCRI (Crypto Carbon Ratings), which shows the difference in energy consumption between Ethereum and Bitcoin.
The study showed that Bitcoin consumes 131 TWH/year of energy, while Ethereum Pos consumes 0.0026 TWh/year. This also means that Ethereum consumes less energy than Netflix, Airbnb and PayPal, all of which are considered ESG-friendly companies.
Both Ethereum and Bitcoin have market capitalization in billions, so that institutional investors have a much greater influence on the price than private investors.
Since Ethereum is also the leading smart-Contract blockchain with the highest TVL and most dapps, investors can make profits from a number of sustainable crypto protocols by buying Ethereum. This is known as a "pick-and-shovel" method that use many investors to control risk and diversification.
From the following graphic we can also see that Ethereum has followed a steady upward trend towards Bitcoin since 2019. In view of its environmental advantages over Bitcoin, the trend will probably continue in the future, although Ethereum may one day overtake Bitcoin with regard to market capitalization.
algorand
Algorand is another sustainability geared into sustainability. According to the Algorand website, the blockchain is CO2 negative, which cannot be said of Ethereum.
On the website it is also said that an algorand transaction "consumes about 0.0000004 kg CO2, in contrast to this emits a Bitcoin transaction 338 tons of CO2".
Algorand also focuses on the social and governance ethics of the ESG framework with the aim of offering 1.7 billion people worldwide, who have no bank account, and to improve social equality.
Another point of notification at Algorand is that his blockchain architecture uses relay and participation nodes to remain highly scalable, decentralized and safe without having to accept loss in sustainability.
The ALGO price is in a long-term downward trend. However, it recently approached a macro key level. If it starts to jump from here, it will form a double floor pattern and possibly experience a strong upward movement.
disclaimer: The above -mentioned article is sponsored content that was written by third parties and is only intended for advertising purposes. There are no opinions or views of cryptopotato again and nothing in it should be interpreted as financial advice. The readers are strongly recommended to check the information independently and carefully. Investments in cryptocurrencies cover the risk of capital loss. The readers are also recommended to consult a specialist before making decisions that may be based on the above -mentioned sponsored content or not.
The reader is also recommended to read the complete disclaimer of Cryptopotato.