The post Three Reasons Why Ecoterra and Cardano Price Will Outperform All Cryptos in 2023 appeared first on Coinpedia Fintech News
Crypto is penetrating the masses, despite the backlash from the media, lawmakers, and traditional financial institutions. One of the key factors that have helped cryptocurrencies win mainstream acceptance is blockchain innovation. As the market proved last year, only projects powered by relevant blockchain use cases can withstand downturns and bounce back.
Investors are moving in a utility-first direction, where projects like Ecoterra and Cardano will outshine the broader market. While Cardano’s appeal lies in its well-established ecosystem that is fast-expanding, Ecoterra’s emerging green ecosystem can give larger returns.
Ecoterra – The 30X crypto of 2023
Whether you want to make a small income or a fortune from your investment depends on your entry point. Although most investors prefer to go for a well-established stock that is almost saturated, shrewd investors have their eyes on emerging cryptocurrencies. Ecoterra is the most recent example, having surpassed the $2.4M milestone in its ongoing presale. As more investors unearth the gem, it is positioned to showcase a 20X bull run on the token launch and 30X by the end of the year.
At the heart of it, Ecoterra is a crypto ecosystem dedicated to recycling and climate action. The project’s robust green mission sets it apart in the market flooded with quick money-making schemes and hollow NFT collectibles. The blockchain focuses on promoting recycling among individuals and businesses as part of climate action.
Simplifying Recycling and climate action
To begin with, an increasing number of brands are joining climate initiatives as part of nurturing their brand visibility. This is in addition to mandatory carbon offsetting. Consumers, on the other hand, are aware of climate change and its drastic consequences, thanks to social media. People from all demographics are increasingly becoming climate conscious. They are looking for new and effective ways to reverse the wild weather pattern.
There are many Initiatives they can be a part of, like tree plantations, beach cleanups, proper waste management, and recycling, to name a few. Among these, recycling has proven to be more challenging than others. Not surprising, since you need technical knowledge, access, time, and space to implement the complex procedures that concern each category of recycling.
If you think about it, most of us can afford to overcome these challenges. But how many of us will?
Therein lies the limitation of traditional recycling initiatives. They are good at educating people about the importance of recycling. But they lack when it comes to implementation.
Ecoterra tackles the issue by bringing crypto incentivization to the picture. The team believes that a robust crypto reward system can cultivate the habit of recycling, especially among the younger generation. So, every time you recycle an item using the Ecoterra app and an RVM (reverse vending machine), you will be rewarded with Ecoterra tokens, in addition to the fiat rewards. You can stake these rewards on the platform to earn more rewards.
|Ecoterra Recycle2earn Application||Earn Ecoterra in exchange for your recycling activities.|
|Ecoterra Carbon Offset Marketplace||Offset your carbon footprint using Ecoterra tokens or other cryptocurrencies.|
|Ecoterra Recycled Materials Marketplace||Strengthen the sustainability efforts of your business by purchasing recycled plastic, glass, or aluminum.|
|Ecoterra Impact Trackable Profile||Improve your brand image and loyalty by showcasing your positive impact actions.|
Where does the reward come from?
The rewards distributed to Ecoterra app users come from the platform’s multiple revenue streams, which mostly originate from businesses. The most important of these is the recycling plans dedicated to businesses, which vary in size and price depending on the quantity and type (plastic, aluminium, glass) of items recycled.
For example, your business organization plans to recycle two hundred tonnes of PET bottles in three months. It will be difficult for your team to undertake the task since they have other things to tend to, like your business. Instead, you can purchase a corresponding plan from Ecoterra, which will assign tasks to its users. The funds secured from you, along with other businesses, will be distributed to them as rewards. As a result, your team can focus on what they do best, while Ecoterra users can earn a side income by participating in climate action.
One of the key goals of Ecoterra is to motivate affiliated companies to adopt a circular product life cycle instead of a linear life cycle. This is realized through a recycling marketplace which will be a single point of intersection between businesses and recycling companies.
If you have products that convert waste into raw materials, you can put them up for sale on the marketplace. Clients will find you through the platform or place a request by posting the type, quantity, frequency, and quality of the material. If you have the specified material, you can provide it to them via the marketplace. Since the transactions on the platform are overseen by self-executing smart contracts, the possibility of scams and manipulation is brought down. Payments in Ecoterra come with perks like smaller transaction fees and token rewards.
The platform also allows you to offset your carbon emissions (voluntary now) by contributing to verified environmental projects. It will reflect in your total impact score, which will act as a verifiable and transparent assessment of your involvement in the climate crisis. Brands can showcase their impact score as part of nurturing brand image.
Ecoterra is an excellent social and financial investment this year
The crypto and blockchain market needs projects like Ecoterra to strengthen its credibility in the global economy. We can expect to see an increasing number of pro-crypto celebrities and brands adding Ecoterra tokens to their portfolios this year. The word about the project is reaching more users as the presale progress proves. It can break out and go viral within a few days.
The social relevance of the project boosts the potential financial returns on the native token. But to bag those returns, investors need to hurry since the presale is moving to an early sell-out. In addition, early investors get higher presale discounts. Once the token is listed on exchanges, you will have to pay a hefty sum for the token. Analysts are predicting a 30X rise for the token by the end of the year.
Cardano is on the path to $1
Another cryptocurrency with high growth potential this year is Cardano. At the time of writing, the Cardano price is $0.4038, marking a 6.52% uptick on the daily chart. The coin has showcased a slow and steady reversal of the losses since the beginning of the year. The gain on the monthly chart sits at 13.2% now.
The key points of resistance for ADA lie at $0.42 and $0.46, the first of which will be broken within a few days. Once the resistance at $0.46 is crossed, ADA can rise to $0.75 by the end of this quarter, aided by the growing ecosystem. The demand that stems from utilities in the ecosystem will be the primary driver of ADA value in the second half of 2023. Cardano’s Proof of Stake (PoS) consensus mechanism is growing popular among institutions, which find it a more efficient alternative to Ethereum and Polkadot.
That, in turn, will cater to the sustainable demand for the token. If you’re looking for a solid blue-chip crypto with 100-150% potential returns this year, Cardano makes an excellent choice. But if you’re aiming for multifold returns, you should go for Ecoterra. It has more width for growth and expansion than Cardano in terms of market cap. Ideally, a crypto portfolio should have a fair share of both established and emerging cryptocurrencies. Make sure you do an independent analysis of the projects before making the investment.
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