The crypto market is experiencing a meltdown, and many currencies have lost a significant share of their value. Although bitcoin retained its position as the dominant asset, new eco-friendly tokens such as IMPT, D2T, RIA, TAMA and XLM are springing up with the potential for massive value increase.
Cryptocurrencies have been controversial because of the dangers that crypto mining poses to the environment. For example, Bitcoin consumes more energy than some European countries and is sourced from non-renewable sources, contributing to the rising temperature the world is facing.
Early this year, Tesla CEO Elon Musk announced the company had purchased $1.5 billion worth of bitcoin and would start accepting crypto transactions. However, the company abandoned this move, citing environmental concerns.
Eco-friendly cryptocurrencies have become a better alternative because they use less energy and their environmental impact is not disastrous.
If you are an investor, you may be looking for the best crypto to buy. The top 5 eco-friendly cryptos with massive buy potential include:
IMPT token recorded $250,000 in funds raised just 48 hours after the presale round was launched. The token is proving to be the best blockchain-based currency that will save the environment. The Impact Project, IMPT.io, is a platform that connects individuals with trustworthy environmental projects. It tokenizes carbon credits as NFTs, and users can buy them and trade them for unique NFTs from artists or burn them by sending them to a null address.
It also has a social platform that hosts products from over 10,000 brands. Users who shop on the platform will receive IMPT tokens as a sales margin. In addition, they can use the tokens to acquire carbon credits and trade them on the marketplace. The activities will run on the distributed ledgers to ensure accountability and prevent fraud.
IMPT has announced its first CEX/DEX listing on Uniswap's decentralized exchange on December 14th, 2022. The listing is coming sooner than expected, due to the massive success of the IMPT token presale. The listing on Uniswap will be followed by two more CEX listings on LBank and Changelly Pro before the year ends, so head to the official IMPT site and invest before the tokens explode after the first listing.
D2T is a utility token and is the native token of the Dash2Trade platform. This trading and crypto analytics platform enables its users to gain information about crypto coins or projects before investing in them. The D2T token will align with the ERC-20 standard on the Ethereum blockchain.
The token can be used to access the beneficial services offered by the Dash2Trade platform. It can also be used as a form of payment in the running backtests of strategies on the platform. A fixed supply of D2T tokens has been made available for distribution, and 1 D2T is currently in its last presale stage, so hurry up and invest to get the highest returns.
Dash 2 Trade will release its unique all-in-one dashboard feature in a few days, since it will be ending the presale sooner than expected. The need for an accurate crypto analytics tool has pushed development into overdrive, speeding up release by a few months. Given that the project raised over $9 million, it's becoming one of the hottest new cryptos on the markets.
Calvaria: Duels of Eternity is a tournament card game in which players compete with different cards representing different characters. The game features many modes to accommodate players with different goals and preferences.
The game's two main currencies are $RIA and $eRIA. $RIA token is the main currency of the game as well as its economy. The $RIA token can be used for but is not limited to in-game store purchases. It can also be used as participation rights for voting and for staking. $eRIA token is a currency that is limited to in-game store purchases. It is used to establish the Play to Earn Principle. $RIA token is currently in its presale stage, so you can get it at the lowest price possible.
Tamadoge is part of the doge meme coin community, which broke the internet days ago after recording a 1200% rise in price from a presale price of $0.01. The recent Ethereum merge has made some cryptos more energy efficient, and Tamadoge is a beneficiary of the process. The token is currently on OKX and is expected to be listed on Binance soon.
Tamadoge combines meme attributes with a play-to-earn mechanism in metaverse games. The Tamadoge project will allow users to breed, trade, and battle Tamadoge NFTs in the Tamaverse. In addition, they will use the token to mint pets and acquire assets in the marketplace.
According to CoinMarketCap, Tamadoge is the fourth fastest-rising token, the ninth most engaging project, and the top play-to-earn meme altcoins. The coin is currently trading at around $0.13, and there are strong signs it will continue to surge by 2023.
Stellar or Stellar Lumen is another eco-friendly token from the 2014 Fork that established the Stellar Consensus Protocol (SCP). The Stellar blockchain is an open-source system that allows individuals to make international transactions and other financial services such as mobile payment, peer-to-peer lending, and cash transfers.
Stellar has a small carbon footprint as transactions are carried out with maximum efficiency and cost less than usual. In addition, the consensus protocol is fast because transactions are verified through selected nodes which keeps the authentication cycle shorter and allows for fast scalability.
At launch, the XLM coin was 100 billion in number. However, the number has reduced to 50 billion since 2019, and currently, it has a circulating supply of 25 billion with a floor price of $0.12 and a trading volume of $124 million. Although the crypto market is generally down at the moment, XLM is building momentum, and TradingBeast predicts that XLM may grow 110% in the next three years.
Eco-friendly cryptos are the solution to the excess energy consumption by Bitcoin and other altcoins. They are a good market for investors because they are environmentally friendly, making them appealing to government and corporate organizations.
These coins are expected to pump in the coming weeks, and investors can make massive gains by including them in their portfolios. However, if you want to invest low and make the highest profit, you should pick IMPT, as it's about to make its IEO on December 14th, leading to at least 10x gains for early investors.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.