One of the more interesting stories currently playing itself out in the crypto market is the success that some of the traditional coins are having vs the success that some of the newest coins going through presale are having.
A great example of this is the fact Ethereum (ETH) looks like it will hit $3,000 this month, while on the other end of the scale but also on the ETH network, newcomer Ecoterra (ECOTERRA) is having a record-breaking presale and could reach $3 million very soon.
Of course, this is all just a reflection of the market in general which is enjoying an incredible year. While many commentators thought that the crypto market might be dead after 2022, this year has seen positive trends across the board. This has been hugely aided by outside factors like the run on traditional banks and interest rates beginning to ease. There will be a new decision made on rates in the coming months and many think they could drop for the first time in what seems like forever. This optimism has caused the market as a whole to grow.
Can ETH break the $3000 mark?
The market growth is reflected in the growth of Ethereum, in fact, the price has grown by just under 75% since the turn of the year which is an incredible recovery after 2022. Now some may have scoffed at the headline of this article as ETH at the time of the writing is trading at $2,079.29 so how could it possibly reach $3,000?
Well, the much anticipated Shanghai upgrade was such a success that an unprecedented level of growth would not be surprising. For example, ETH has already experienced around 12% growth in the last 7 days alone.
The Shanghai upgrade for anyone that isn’t familiar was a system change that finally allowed investors to remove the ETH they had staked at any time since the project’s inception, this had previously not been possible. Some experts feared a mass withdrawal of funds and we’re worried this could cause a big drop in the price but the growth reflects the overall confidence the market has in Ethereum.
So, while maybe only an outside chance hitting $3,000 in the coming month is not impossible. However, even if that amount of growth is not seen it does look like Etereum will still experience some substantial growth.
So, while ETH continues to surge, newcomer Ecoterra is enjoying one of the most successful presales since by green crypto.
Ecoterra presale a runaway success that could hit $3 million
Ethereum isn’t the only coin on its network that is enjoying a lot of success at the moment. Ecoterra (ECOTERRA) the first dedicated recycle-2-earn (R2E) platform currently enjoying one of the more successful presales on the market. Considering the current price is $0.00625 and the CEX listing price will be $0.01 it represents one of the best buy-now options on the market. Interested investors will have to hurry though as the price will go up again in just over a week.
As we mentioned Ecoterra is the first dedicated R2E platform that will be rewarding people for doing their bit to help the environment, in this case, recycling. How it works is through a combination of their app and reverse vending machines, Ecoterra users will be rewarded for recycling normal everyday household items.
One of the more exciting partnerships they have announced so far is with Lion, which is a company that owns many supermarket brands. Readers might not be familiar with the name Lion but they own supermarket brands all over the world so it is likely you have been in one of them. How they are best identifiable is by their reverse vending machines that give users a small amount of store credit in exchange for recycling items like beer or soda bottles.
This is how users will earn the native currency ECOTERRA, they will scan the items that they are recycling using these machines and then will be sequentially rewarded with a certain amount of the crypto depending on the type and amount of items.
A lot of green cryptos don’t really have real-world benefits or rewards so it is refreshing to see a crypto with such a unique and green-friendly plan that really makes it not only the best green crypto on the market but one of the best tokens to get behind in 2023 period.
This is also backed up by how the Ecoterra rewards system is based. Users that are successful at recycling and can build up a healthy amount of ECOTERRA will be able to redeem them at other environmentally friendly events such as beach clean up and tree planting activities. Ecoterra will even be able to be used to pay for classes that teach better environmental practices.
Another reason we think you should be buying Ecoterra is that the project will also utilize staking. This will mean token buyers can earn a passive income just by holding the token or by recycling it. There is also the carbon credit aspect that all good green cryptos include. These can be purchased with ECOTERRA and then in turn used to buy NFTs. There is so much to this project it is clear why experts believe the presale will hit the $3 million mark soon.
Conclusion
To finish up it is a very good time to be a believer in the Ethereum network. The traditional giant looks like it is set to break the $3,000 mark very soon and really head towards challenging Bitcoin again. While that is happening it has highly anticipated coins like Ecoteraa enjoying very successful presales. The $3 million mark will likely only be a small milestone on its journey to the top, and one thing is for sure its current price won’t last for long if the buzz is to be believed.
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Lloyd Damron