Cardano (ADA) is one of the biggest cryptocurrencies, according to CoinMarketCap. Cardano is intrinsically more energy-efficient than Bitcoin because it employs a ‘Proof of Stake consensus method where participants in the currency acquire tokens to join the network. Cardano has a blockchain that is adaptive, renewable, and extensible for running smart contracts.
Coins with a low carbon footprint, such as Cardano, Tamadoge (TAMA), and Impt.io (IMPT), can even be beneficial to the environment. Discovering the most energy-efficient cryptocurrency will assist you in choosing ecologically responsible investment strategies. In turn, this might encourage a planet-wide transition to a greener future.
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More recently, Cardano’s price has demonstrated a shortage of eager buyers that has driven it below essential support, leading to a bearish market structure breach. There isn’t much time left for this situation to turn around; if it doesn’t, there might be a sell-off.
Cardano is down by -2.45% as the cryptocurrency market keeps falling, with various coins getting the short end of the stick. Cardano’s price, which was $0.39 as of Oct. 12, 2022, at 10:00 AM, according to Coinpedia, has led some investors to turn their attention to other energy-efficient coins, such as Tamadoge and Impt.io, which are expected to experience a 30x growth.
How Cardano has performed lately and the future of Cardano
According to FXStreet’s analysis, the price of Cardano has created a descending triangle by linking the four lower lows and the three equal lows that have been created since May 10. By summing the distance between the breakout point at $0.400 and the initial swing high and swing low, this technical setup predicts a 40% downswing to $0.241. On October 10, ADA delivered a daily candlestick close below this level, indicating the breakout of the descending triangle and validating a bearish breakout.
Because bears have been dominating over the past 24 hours, the most recent Cardano price research indicates a bearish trend for the cryptocurrency. Despite a powerful bullish wave dominating the price trend the week prior, today’s trend appeared to be mainly in favor of selling. As of noon, the ADA/USD value was $0.3991; if the bears persist, a further decline in coin value is to be anticipated.
Five Alternative Energy-efficient Cryptos worth investing in
Cryptos are said to be energy efficient when they employ certain cutting-edge technologies that allow them to utilize the lowest energy consumption. For most investors, energy-efficient tokens are worth looking into.
We shall now take a dive into five energy-efficient cryptos we believe would have a 30x gain before the year runs out.
- Tamadoge (TAMA)
- IMPT.io (IMPT)
- Avalanche (AVAX)
Tamadoge – Why Tamadoge’s Future Is Bright
The gateway token of the Tamaverse, where you can create, breed, and engage in combat with your very own Tamadoge pet, is called Tamadoge (TAMA). Everyone may mint doges with Tamadoge, and users can breed, train, and compete with their Tamadoge NFTs to be at the top of the monthly scoreboard. The Play-to-Earn options will eventually incorporate augmented reality activities, enabling your NFT to interact with its Tamaverse buddies.
On September 27, Tamadoge made its first CEX listing on OKX. Within hours after the listing, the price of TAMA tokens doubled as a result of the story becoming viral in the cryptocurrency world. The project currently dominates the world with a live price of USD 0.031595 and a 24-hour trading volume of USD 11,017,863. It has already been listed on all major exchanges. With a maximum supply of 2,000,000,000 TAMA coins, the current CoinMarketCap ranking is 2663.
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Regardless of your perspective, Tamadoge is one of the best-designed cryptocurrency projects to enter the market. It boasts of outstanding token utilization and a host of cutting-edge features like a built-in NFT store, play-to-earn mechanics, and a metaverse. To ensure that the project possesses what it requires to survive the new Bitcoin environment, every feature and component was carefully considered.
If you’re wondering where to buy Tamadoge at the current price, the top cryptocurrency exchanges OKX, MEXC, BKEX, BitMart, and LBank have already listed Tamadoge tokens on their platforms.
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Impt.io – On the pathway towards a 30x gain
A relatively new cryptocurrency initiative called Impt.io seeks to achieve sustainability in a society battling climate change and atmospheric alterations. More than 10,000 global brands have already partnered with this project, which is still in its early stages, and they have all chosen to become a part of its ecosystem. Each brand can choose the portion of its sales margin to go toward IMPT projects.
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In the IMPT.io ecosystem, carbon credits and carbon offsets are both used interchangeably. One carbon credit is equal to the allowance of one ton of carbon monoxide, as mentioned in IMPT’s whitepaper. To make up for the carbon emissions created by industrial processes and other sources, corporations and individuals can purchase these carbon credits.
Because of their propensity to be profitable, energy stocks continue to be in great demand. Impt.io (IMPT) is now providing a presale on its platform, which is anticipated to finish in November. In less than 24 hours after launching the presale, IMPT.io garnered a whopping $150k, and as of today, it has raised more than $3.6 million, Coincodex says. The statistics and prospects for this cryptocurrency are simply too promising, as its current market value of $0.018 is predicted to increase by more than 30 times following its debut.
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IOTA (MIOTA) – Least Energy Consumer in the IoT Niche
In the Internet of Things (IoT) niche, IOTA remains the cryptocurrency with the least energy consumption. The communication between devices used by people every day, such as smartphones, tablets, televisions, and others, are what fuels the idea of IoT. As the years roll by, the popular belief that the Iot concept will continually increase makes IOTA a great investment project.
Another advantage IOTA has is that validation of transactions does not require mining as transactions are facilitated with a distributed ledger, also known as “The Tangle.” As a result of this, fees attributed to transactions have been made obsolete and also energy-efficient to a large extent.
Every day, more and more people continue to look at how to help the earth, especially as talks surrounding climate change are increasing. As such, IOTA maintains a comfortable position as one of the coins that would make a 30x gain before the year runs out.
Hedera (HBAR) – Fast Carbon Negative Coin
Hedera is a proof of stake network that is used for network protection, as well as network fuel, utilized towards paying for transaction fees, micropayments, and in-app payments. One advantage that makes Hedera stand out is that it remains faster than the major blockchains such as Ethereum, Cardano, and Bitcoin.
Each second, Hedera can handle no less than 10,000 transactions and have fees as low as $0.001 per transaction. More persons are continually looking out for blockchains with low transaction fees, and HBAR seems well suited for that purpose. As such, a 30x gain is likely achievable before the year ends.
Avalanche (AVAX) – the Energy Efficient crypto alternative to Ethereum
As energy-efficient crypto it is, Avalanche utilizes a Proof of Stake (PoS) mechanism to validate blocks. Due to its super-fast nature, the Avalanche Blockchain network emerged in 2021 as a suitable alternative to Ethereum.
With dApps and NFT gaining popularity daily, Avalanche has become the go-to network for developers and creators looking for high scalability. This, in our opinion, makes it one of the coins that would likely surpass the 30x gain this year.
While investors are pulling out of the Cardano (ADA) project, it’s only imaginable that they invest in other promising coins like Tamadoge and Impt.io. These five energy-efficient coins have so much potential and are well-suited to deliver almost a 30x return to investors in 2022.
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