Investors Rally Round New Cryptocurrency Project as Milady Meme Coin, Doge Killer, and Tamadoge Prices Continue to Decline
The meme coin season seems to be giving way to more value-driven assets.
Even though the crypto market is slowly regaining footing, several popular meme projects are still yet to record bullish traits.
Could this be a viable opportunity to tap into a project like ecoterra? Market analysts seem to think so.
MILADY, Doge Killer, and Tamadoge All Suffer Losses
The crypto market is on a bull run once again and has rallied 0.72% to $1.12 trillion.
On its ascent back to winning, several market movers like Bitcoin and several altcoins have pulled the nascent industry back.
However, the meme coin ecosystem seems to be largely divided in its efforts. A few, like Milady Meme Coin, Doge Killer, and Tamadoge, have been unable to catch the bullish waves.
Instead, Milady Meme Coin is down 1.13% in the last 24 hours and 42.67% in the past week.
Doge Killer is also trailing in the red zone at 2.11% in the past day and 1.87% in the last seven days.
Popular play-to-earn (P2E) non-fungible token (NFT) joke cryptocurrency Tamadoge has also shed 2.65% in the past day and 3.37% in the past week.
While this might seem insignificant for many, a growing sentiment across the crypto landscape is that the meme coin frenzy seems to be tapering down.
This is significant given that a large number of parody coins like $PEPE and $SPONGE posted thousands of intra-day rallies, significantly ballooning the market cap of the crypto sub-sector.
With sentiments now moving elsewhere, investors are turning to more utilitarian assets like climate change blockchain project ecoterra.
Tapping Into the Recycle-to-Earn Ecosystem
If there is one thing that we are all concerned about, it is the increasing number of greenhouse emissions produced annually.
The climate is becoming more precarious with more rainfall, high sea levels, melting icebergs, and higher-than-usual heat temperatures hitting the Earth all at once.
To mitigate these climate reactions, more world governments are introducing measures to sensitize their respective indigenes and incentivize companies to cut their carbon output.
However, the process is less transparent in most places, making it difficult to track collective efforts.
A blockchain project is changing that narrative and making it possible for anyone to actively participate in making the planet more sustainable and getting paid in the process.
Ecoterra comes with a recycle-to-earn (R2E) initiative in which users can recycle their plastic waste and earn digital assets in return.
Additionally, the eco-friendly project features a carbon offset marketplace where users can trade these carbon offsets for profit.
All these activities will be carried out using the ecoterra R2E app. This mobile app will also feature an environmental impact profile which allows individuals to monitor their sustainability contributions to the world.
While users will be the first point of call, ecoterra is also more encompassing to companies and institutions.
The platform will allow businesses looking to cut down on their carbon footprint to add their products to the ecoterra database, where their customers can match the recycled materials against them and earn cryptocurrencies.
Interestingly enough, the ecoterra platform is powered by artificial intelligence (AI), which means sorting materials will be much easier than expected.
This way, businesses can also individually reward their users with non-fungible tokens (NFTs), which the ecoterra platform will support.
The platform is uniquely powered by a native token with a similar name, $ECOTERRA.
The project token is currently on presale and has racked up over $4.37 million in a matter of weeks.
The digital token is currently selling at a presale price of $0.0085, making it a low-cost investment option for ESG-minded investors to tap into.