Should I buy the lesser-known green crypto that hit $5.1 million while COTI is going to zero due to being deemed a security by the SEC?
The price of $COTI is rapidly decreasing due to the US Security and Exchange Commission’s (SEC) announcement that the token is a security. $COTI, which powers the COTI network, is currently trading at around $0.043, having lost more than 35% of its value since the beginning of last week. This occurred after the SEC filed new lawsuits against Binance and Coinbase, labeling $COTI and dozens of other cryptocurrencies as securities.
The cryptocurrency is now down more than 95% from its record highs of around $0.93 in late 2021. $COTI considers itself a “regulation-ready” crypto network, as stated on the project’s website. Being “regulation-ready” is a basic requirement for businesses when entering Web3, the project explains. The project has performed Know Your Customer (KYC) and Anti-Money Laundering (AML) checks on all holders of COTI’s native coin in the COTI VIPER Wallet since its inception and works in a prudent manner, making it ready for tomorrow’s challenges. Despite excellent KYC and AML controls on the COTI network, the SEC labeled the crypto as a security.
In the wake of the crypto’s failure to recover back above key resistance in the form of the early 2023 lows in the $0.048 area, a near-term retest of last week’s record lows around $0.04 for $COTI seems likely.
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Things Are Looking Up For This Lesser Known Green Crypto
While the outlook for $COTI is dire, things are looking up for ecoterra, a lesser-known green crypto project. As described in the project’s whitepaper, ecoterra is constructing an all-in-one $ECOTERRA-powered Web3 ecosystem designed to encourage recycling through its first-of-its-kind Recycle-to-Earn (R2E) app. The platform will also facilitate trade in recycled materials and encourage individuals and businesses to offset their carbon footprint.
The project’s presale of its native $ECOTERRA token has surpassed $5.1 million, a strong vote of confidence in the project’s vision from the crypto investing community. Observers expect the pace of the presale to pick up now that the project is accepting invitations for users to try out a demo version of the flagship R2E application.
Nascent green Web3 projects such as 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.
Visit Ecoterra Here
How Does Ecoterra Work?
When harnessed effectively, blockchain technology provides a unique ability to promote environmentally friendly behaviors 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. And ecoterra is building an all-in-one application that does all of those things and more. Ecoterra rewards users with the platform’s native $ECOTERRA crypto token every time they recycle. The green Web3 start-up’s R2E app is supported in any country that uses Reverse Vending Machines (RVMs), meaning there is a huge potential market. The platform features a marketplace where individuals and businesses can offset their carbon footprint. Last but not least, ecoterra allows individuals and businesses to track their environmentally friendly practices via their Impact Trackable Profile. Observers expect this feature to be very popular amongst environmentally-conscious businesses, who can use Impact Trackable Profile to boost their brand image and bolster customer loyalty.
Vist the ecoterra website
Time to Buy $ECOTERRA?
Investors have no time to lose if they want to secure their $ECOTERRA bag at a favorable price.
This is about ecoterra’s presale, which is a limited-time sale of tokens before the official launch. When the presale reaches $5.7 million, it will enter its final stage and the price of $ECOTERRA will increase by 8% to $0.01.
Once the presale hits $6.7 million, it will end. This milestone could be reached in a matter of weeks given the recent pace of $ECOTERRA sales.
Next quarter, $ECOTERRA will be launched on major cryptocurrency exchanges. Many analysts predict that the token will see significant growth as more investors seek to invest in one of the most promising green tokens in the crypto industry.
You can buy $ECOTERRA here.