While the cryptocurrency market is experiencing some difficulties following the FTX deal, more and more green cryptocurrencies are developing. Indeed, the cryptocurrency industry remains extremely energy-intensive and has often been criticized for this fact. Therefore, Cardano (ADA), which is a green cryptocurrency, could obtain a much greater value in the course of the year 2023. And if you are interested in even greener alternatives, discover the IMPT project with us in this article.
Cardano and green cryptocurrencies
Among the different types of cryptocurrencies, we find those called green cryptocurrencies or ecological cryptocurrencies. These are projects with the aim of supporting sustainable development and the environment in general.
As a bonus, they tend to avoid consuming more energy than necessary, this is particularly the case with Cardano (ADA). In fact, there are mainly two operating modes on the blockchain with the Proof-of-Work protocol on one side and the Proof-of-Stake Protocol.
Bitcoin, for example, uses Proof-of-Work (PoW) for transactions and to ensure the security of its blockchain. While this is an effective method, it also consumes a lot of energybecause it puts many miners in competition who have to perform various calculations to solve the equation on the blockchain, but only one miner is then rewarded.
On the other hand, the Proof-of-Stake protocol, recently adopted by Ethereum after The Merge, is the protocol under which Cardano operates. With this there are no more competing miners, but simply validators which are randomly selected to perform checks on the blockchain.
So, in addition to its project, a green cryptocurrency must also know how to adapt to the conditions of the new technologies that face the environment. This is what Cardano does. Crypto has been struggling for the past few months with its Vasil update, but it looks set to see an advantage soon.
Cardano price prediction in 2023
While it is difficult to predict the price of a cryptocurrency in the long term, especially during a bear market, some indicators can help draw a more or less accurate pattern regarding the evolution of a cryptocurrency in the coming months.
So, Cardano, according to experts, could have hit $ 0.50 around the end of November, but that was before the FTX deal which caused a wave of panic across the board.
However, the cardan project it is solid and could reach $ 0.50 before the end of the year. Looking ahead to 2023, the ADA could rise above $ 1 fairly quickly if market conditions were right and end at around $ 2.20 in December 2023.
On the other hand, if the bear market continues, Cardano may not cross the $ 1 threshold until mid-2023, or even the end of the year. It will therefore be necessary to be vigilant based on the evolution of the market in the coming months.
An alternative with significant potential
The green cryptocurrency sector is on the rise and is therefore seeing the development of several projects, including IMPT, which is on presale from 3 October. The project’s goal is to become the market leader in carbon credits by supporting environmental projects and helping users keep track of their carbon footprint.
The carbon credits was born with the Kyoto Protocol. Their use mainly serves the professional world, more and more people are interested in them. In fact, these certificates that can be sold or purchased give permission to emit a certain amount of CO2.
Therefore, IMPT wishes to allow through its platform to sell and buy carbon credits in the form of NFTs. This will provide greater transparency and better monitoring using new technologies. Indeed, the carbon credit market is constantly growing, but it faces easily avoidable fraud or duplication problems. using blockchain.
More than 25,000 partners behind IMPT
Many partners have joined the project and every week new companies are added to this already important list. So, there are currently more than 25,000 partners behind IMPT. These are large companies that market different and varied products.
Among the largest, there are among others Amazon And Apple, but you can also find Hugo Boss, Acer, and more. IMPT aims to offer an online store where it will be possible to purchase more than 2 million products.
Buying one of these products online or in person from a partner company will generate a certain amount of IMPT Token until you can have enough with your purchases to buy the carbon credit of your choice while helping to support environmental projects.
It is therefore a good way to contribute to the environmental effort by paying attention to your carbon footprint. There will also be a burn mechanism that will allow you to consume your carbon credit and be rewarded with other NFTs.
Presale in progress
The presale then began on October 3 at a price of $ 0.018 for an IMPT token. The second phase has taken over a few days ago, increasing the price of a token at $ 0.023. At the time of writing, the total amount raised amounts to over $ 12.5 million.
A third phase will take place by January 31 or as soon as phase 2 has reached the $ 25 million goal. The price of an IMPT token will therefore be $ 0.028. Just like Cardano, IMPT is a green cryptocurrency and its IMPT token is an ERC-20 token, therefore based on the Ethereum blockchain.
IMPT has significant potential, but even with its ability to surround itself with many brands it strengthens the credibility and sustainability of the project. Therefore, there is a good chance that this cryptocurrency will establish itself in the long term and be more present in the landscape in the future.
To participate in the presale just go to IMPT.io. Payment for IMPT tokens is done using Tether (USDT) or Ether (ETH). It is also possible to purchase ETH through Transak directly on the IMPT website. Finally, as for IMPT tokens, you will not receive them immediately. You will have to wait for the presale to finish and click the “Request” button so that they are sent to your crypto wallet.
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