The COTI price has been rapidly declining since the US Security and Exchange Commission (SEC) identified the token as a security. As of writing, COTI, which powers the COTI network, is trading at around $0.043, having lost over 35% of its value since the start of last week. The SEC lawsuit against Binance and Coinbase, which labelled COTI and dozens of other cryptocurrencies as securities, led to its decline. COTI has lost over 95% of its value from its record high of $0.93 in late 2021. Despite being a “regulation-ready” crypto network, as per the project’s website, COTI was labelled as a security by the SEC. A retest of last week’s record lows around $0.04 for COTI seems likely, given its failure to recover back above key resistance in the form of the early 2023 lows around $0.048.
Ecoterra and Its All-in-One Web3 Ecosystem
In contrast, things are looking up for the lesser-known green crypto project called ecoterra. The project is building an all-in-one $ECOTERRA-powered Web3 ecosystem, specially designed to encourage recycling via its Recycle-to-Earn (R2E) app, which is the first of its kind. The platform will also facilitate trade in recycled materials and encourage individuals and businesses to offset their carbon footprint. Its presale of its native $ECOTERRA token has recently surpassed $5.1 million, which is a strong vote of confidence from the crypto investing community in the project’s vision.
Ecoterra’s Blockchain Technology and Its Environmental Impact
Blockchain technology used effectively can promote environmentally friendly behavior by rewarding recycling. Ecoterra’s decentralized ecosystem will make it easy to offset carbon emissions and track environmental impacts by utilizing the blockchain’s transparency properties. The green Web3 start-up’s R2E app is supported in any country that uses Reverse Vending Machines (RVMs), which means there is a huge potential market. The platform features a marketplace where individuals and businesses can offset their carbon footprint. Observers expect the Impact Trackable Profile feature to be popular among environmentally-conscious businesses that can use it to boost their brand image and customer loyalty.
The Future of Ecoterra and Its Token
Nascent green Web3 projects like ecoterra are expected to play an increasingly important role in global efforts to address climate change in the decades ahead as crypto’s broader adoption increases. The presale of $ECOTERRA will enter its ninth and final stage when it hits $5.7 million, and the $ECOTERRA price will rise 8% to $0.01. The presale will then end once it hits $6.7 million, a milestone that could be achieved in a matter of weeks given the pace at which $ECOTERRA has been selling recently. $ECOTERRA will then launch across major crypto exchanges next quarter, with many analysts predicting substantial growth for the token as a broader investor base rushes to secure one of the most promising green crypto tokens in the industry.
In summary, COTI’s value has been declining due to the SEC labelling it as a security, while ecoterra is rising due to its innovative all-in-one Web3 ecosystem designed to encourage environmentally-friendly behavior. Ecoterra’s presale has garnered significant interest from the crypto investing community, and its blockchain technology will play a crucial role in promoting environmentally-conscious practices. The future looks promising for ecoterra, with its potential to address climate change and attract more investors as it launches across major crypto exchanges next quarter.