ADA & ETH back up after 30 day drop – why these eco friendly cryptos are a safer bet in 2022
It's been a tough year for all of us - starting to a market crash, to crypto plummeting - to wild inflation. This was a good opportunity to check if the crypto is going to pass the test of time and to see if they're really decentralized.
Some of them turned out to be just dust in the wind, as the song says. It's really interesting to see some hyped up cryptos disappear overnight. On the other hand, some of them came out even stronger and used this downfall to improve their use cases, security and sustainability.
I guess we could say that about ADA & ETH who were categorized as one of the most green cryptocurrencies at the moment. Given that eco-friendly companies and crypto projects are popular now, that's certainly something that helped them get up and try to win the market again.
The opportunity that sustainable projects create and the common good gave birth to some new, interesting projects, such as TAMADOGE and IMPT.
Who's here for a long haul and who's not? The market will decide.
Is ADA CARDANO here to stay?Cardano (ADA) is a cryptocurrency currently worth about $0.55 per coin, down from an all-time high of $3.10 last summer. The coin has a market cap of roughly $18.8 billion as of August 2022. Despite the steep decline in value, similar to most cryptocurrencies of late, innovations on the platform could result in growth.
Cardano has proven to be one of the most active crypto assets in the crypto world over the past year. The price of the all-time high ADA coincided with the launch of the hard-fork Alonzo in early September 2021.
Cardano Alonzo's long-awaited upgrade has finally launched. It brings smart contracts to their blockchain, allowing developers to build decentralized apps (Dapps) and enter the world of DeFi (Decentralized Finance) and NFTs.
This upgrade is the culmination of six years of backbreaking work with some of the brightest minds in blockchain and beyond," said Charles Hoskinson, founder of Cardano.
Wallet Investors view ADA as a solid short-term and long-term investment. They predicted that Cardano could reach USD3.10 within a year and USD10.46 after five years.
Meanwhile, according to Coin Quora, after a year of monitoring Cardano's movements, Coin Quora is very optimistic that Cardano will become a very bullish crypto asset. They even predict if ADA can reach a price of USD12 by the end of 2022. By 2023, they also believe that ADA will continue to increase by setting a price target at USD18.
Can ADA compete with new projects that're already about to hit $1 in value, such as Tamadoge? There's a new way of using ETH's blockchain in order to make the coins and transactions more sustainable, and that's something these new coins offer.
Tamadoge is the first meme coin with different features like metaverse, NFT store, and P2E crypto game setup with absolute utility. As expected, it has stirred up the crypto space, since many analysts expect it to become the next Dogecoin.
Since the Tamadoge ecosystem needs less energy to function, it ranks as the best eco-friendly crypto to buy during an energy crisis. Also, as an ERC-20 meme coin, TAMA comes with the benefits of the Ethereum blockchain. It is listed on multiple exchanges including Binance, Crypto.com, and Coinbase. Moreover, the project has sourced over $12 million in presale, despite the project not being live.
Based on the project's whitepaper, there is a fixed supply of 2 billion TAMA tokens. It has a 5% burn rate which means that it is a deflationary token. Since deflation increases scarcity, it is anticipated that the token's value will explode as time goes on.
To join the early investors guaranteed massive returns, go to the official website. There are instructions on how to buy TAMA.#
Ethereum 2.0, also known as Serenity," is a major upgrade that aims to make the world's second-largest crypto project faster, more efficient and more scalable by migrating the network from a proof-of-work to a proof-of-stake system.
Ethereum's new proof-of-stake (PoS) system involves users of the network locking up their coins to become network contributors, as opposed to using expensive, energy-intensive mining equipment.
With PoS and sharding both enabled, Ethereum developers expect that they will make further tweaks to enhance the security of the network. That includes adding anonymity features to conceal validator identities behind block proposals.
It also includes leveraging new technologies such as the Verifiable Delay Function (VDF) to further secure the randomness of validator assignments and make it harder for malicious actors to disrupt the network.
Ethereum still had a relatively strong close to 2021. Ethereum set a new all-time high when it went over $4,850 on Nov. 10, and it carried that strength into December before falling back by the end of the month. Even with the late slump, Ethereum closed the year way over where it was at the start: In January 2021, Ethereum's price was just a little over $1,000.
The merge changed how transactions on ethereum are ordered, making it more efficient and sustainable for widespread use. Experts anticipate that the merge will have lasting impact; we'll have to see whether it causes prices to soar or continue to tank over the coming months.
Does ETH becoming sustainable means opening doors to new collaborations as new green crypto projects arise? There's a new environmental project around the world with the purpose to reduce carbon emissions and help our planet and it's called IMPT.io.
IMPT.io connects users with hundreds of impactful environmental projects around the world with the purpose to reduce carbon emissions and help our planet. IMPT.io also engages thousands of the largest retail brands that allocate a specific percentage of sale margin for environmental projects.
This token relies on blockchain technology - the immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. It is an efficient solution that can solve the current carbon offset challenges.
It is accumulated in users' accounts in the form of IMPT tokens. The users accumulate these tokens till they reach the necessary amount of the carbon credit of their choice. As a result, users can continue with their normal shopping while helping the planet.
We haven't seen anything like this and we strongly recommend considering this crypto as an investment opportunity.
Conclusion
We've covered four totally different coins today and you should definitely use the best of all worlds. Most of the money should go to the stable coins while the rest would go to the more risky projects.
Somewhere you win, somewhere you lose. Remember, never invest the money that you can't live without. And, as we're always saying, before doing any investing - you need to do your own research before deciding to invest.
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