The $COTI token, which powers the COTI network, has lost over 35% of its value in the wake of the US Security and Exchange Commission’s (SEC) assessment that it is a security. The SEC unveiled 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 hit in late-2021 around $0.93. Despite $COTI’s “regulation-ready” crypto network and its excellent KYC and AML controls, the SEC still labeled the crypto as a security. A near-term retest of last week’s record lows around $0.04 for $COTI seems likely, given the crypto’s failure to recover back above key resistance in the form of the early 2023 lows in the $0.048 area.
Ecoterra’s All-In-One $ECOTERRA-Powered Web3 Ecosystem
Ecoterra is a lesser-known green crypto project that is building an all-in-one $ECOTERRA-powered Web3 ecosystem, designed to encourage recycling via 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 been flying, with sales surpassing $5.1 million, a strong vote of confidence from the crypto investing community in the project’s vision. 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.
Ecoterra’s Decentralized Ecosystem Rewards Recycling and Offsets Carbon Emissions
Blockchain technology provides a unique ability to promote environmentally friendly behaviors by rewarding recycling, and ecoterra’s decentralized ecosystem makes it easy to offset carbon emissions and track environmental impacts by utilizing the blockchain’s transparency properties. Ecoterra rewards users with the platform’s native $ECOTERRA crypto token every time they recycle. The R2E app is supported in any country that uses Reverse Vending Machines (RVMs), meaning there’s a huge potential market. The platform features a marketplace where individuals and businesses can offset their carbon footprint. Ecoterra also allows individuals and businesses to track their environmentally friendly practices via their Impact Trackable Profile, which is expected to be popular amongst environmentally-conscious businesses who can use it to boost their brand image and bolster customer loyalty.
Investors Rush to Secure $ECOTERRA Bag Before Presale Ends
Investors who want to secure their $ECOTERRA bag at a favorable price have no time to lose. When ecoterra’s presale hits $5.7 million, it will enter its ninth and final stage, and the $ECOTERRA price will rise 8% to $0.01. The presale will then end once it reaches $6.7 million, a milestone that could be hit 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 big upside for the token as a broader investor base rushes to secure one of the crypto industry’s most promising green crypto tokens.
Disclaimer
Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication – cryptocurrencies are highly volatile investments with considerable risk, always do your own research.
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