Ethereum Price & Binance Coin Price Drops as New Crypto Explodes to 2.2 million on Presale!
So far Q2 of 2023 has begun much the same as the last quarter. We had a bull run that lasted most of the first month but as we head to the end of April, just like it was in January we are at a crossroads. For the first time in what feels like forever, the market has had a bad 7 day stretch.
Despite this small dip, the market can look at presales like Ecoterra (ECOTERRA), which is just about to hit the $2 million point in its presale, and find hope. The green initiative coin has been tipped by experts since its presale began, as a likely top player once it is launched later in 2023.
While the price of crypto big hitters Ethereum (ETH) and Binance coin (BNB) has faltered in the last week we must not look at this in too much of a micro sense, both coins have really only lost some gains rather than fallen dramatically back into dangerous waters. Ethereum especially has legitimate reasons for its dip and similarly so its likely recovery.
With worryingly high inflation rates in the UK scaring US investors, and the SEC continuing to discuss a potential crackdown on the crypto market in the States, the last week has caused the crypto market to cool off a little bit.
While some are worried about what this will mean for the market in the rest of 2023 it really does look like we're heading to a crossroads. Regulation talks seem to be heating up and the Coinbase CEO is talking about pulling his exchange from the United States at the moment we feel the market doesn't know how to react.
While presales like Ecoterra inspire hope and are attracting investors due to their low-downside/high-upside potential the future of ETH and BNB is much more uncertain.
A monthly view of the price of Ethereum (ETH) puts things in a much better perspective, sure the last week has been rough but the price has still seen over 10% growth in the monthly period. The Shanghai upgrade proved doubters wrong and the price soared and looked like it was heading toward $3k.
However, the SEC chairman's hesitancy to name Ethereum a security is likely one of the reasons the price has dropped. While many would think this is a good thing and the price would pump it seems his refusal to answer the question directly has caused a bit of unrest around ETH. Couple this with the mysterious $10 million hack of ETH and you have yourself a bad week.
We think this is a great buy-low spot for ETH, the vibes were great around the coin for the last week and the SEC's stance isn't actually anything we didn't know before. We think this is a minor setback that will lead to a major comeback.
Binance coin (BNB) on the other hand we are a little more unsure of. The coin has had a volatile history to say the least and controversy surrounding its founder never seems to be too far away, however, the exchange is thriving so naturally we should expect the native coin to be pumping right? 
Well, for much of the year it was, and even before this week it looked like it was heading toward $500. Again, like with ETH, we think this could be a good buy low spot as if the market receivers BNB will likely get back into a positive growth pattern. However, we would preach a lot more caution with BNB compared to ETH.
Luckily with ECOTERRA, we have no need to preach caution as the eco-coin looks set to pump once it is launched.
Ecoterra- hugely successful presale lucks set to break $2millionThe crypto market is crying out for more green projects as its public image when it comes to the environment remains poor. Many cryptos have taken this as a chance to capitalize on the potential to make a quick buck but unfortunately, a lot of the coins have no real-life worth and are simply just greenwashing projects.
That is why a project like Ecoterra (ECOTERRA) is so valuable to the market, it has real-life practicalities and a real-life reward system, all of which will benefit the environment. It is, for this reason, we think it is the number one must-have coin currently going through presale. Expect it to soar past $2 million raised and beyond before pumping once CEX listings begin.
So, how does it work? To explain that properly you need to understand the importance of their partnership with Lion. Not everyone will have heard of them but you will know at least one of their supermarkets as they own brands all over the world.
How you might recognize one of their supermarkets is by their reverse vending machines which give a small amount of store credit to customers that recycle some of their products such as cans and bottles. Well, now Ecoterra investors will be able to use these machines to earn the native currency.
Through the Ecoterra app, it will encourage its users to recycle using these machines, and then the app will log every item that is recycled. The user will then be rewarded with a certain amount of ECOTERRA depending on what they recycled and its quantity.
Here comes the great part, ECOTERRA can be used to purchase carbon credits which hold so much value in today's market, but also can be used to pay for other green activities. Beach clean-ups, tree plants, and even environmental courses can all be paid for using ECOTERRA.
So clearly, ECOTERRA is putting the environment first and really trying to do something positive for the world. As we mentioned we think it is a great investment opportunity. Its price currently stands at $0.007 but the listing price will be $0.01, so early investors can even see some profit before the CEX listings begin and it really starts to pump.
So to wrap things up when it comes to traditional big hitters Ethereum and Binance coin we think they are both in good buy-low spots. However, with BNB in particular we would advise investors to proceed with caution. Ecoterra on the other hand represents a great investment opportunity as it has some serious momentum behind it and it is available at such a low price. It really is a no-brainer with such a huge gap between the risk and reward of investing in the eco-friendly project.
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