The cryptocurrency market is losing the momentum created earlier this week when multiple cryptocurrencies attempted to rally as the market hoped for an “Uptober” moment. However, the uptrend has lost steam, as seen in Bitcoin, which has lost its grip on $20K.
Despite the uncertainty looming in the market, some coins are worth considering due to their potential to create new highs. These coins include IMPT, XRP, and TAMA.
IMPT is a new cryptocurrency, but this has not hindered it from ranking among the next cryptos that will explode. While the crypto is yet to receive massive community support, its unique use case makes it one of the best cryptos to invest in.
The IMPT project used blockchain technology to address the issues of carbon emissions. The project simplifies the carbon credits process while permitting users to mint non-fungible tokens (NFTs).
IMPT is a green cryptocurrency because it taps into blockchain technology to reduce greenhouse emissions. Because of this capability, it makes for an ideal coin to buy for environmental-conscious investors. Considering its potential, IMPT could explode by 50x in the coming months.
IMPT is a better investment than other green cryptos like PowerLedger and SolarCoin. It is also more environmental-conscious than most proof-of-stake coins. IMPT runs on the Ethereum blockchain. After the Merge, Ethereum’s energy consumption dropped by 99%, and with IMPT running on this network, it adds to its environmental-friendliness.
The IMPT token is currently on presale. The presale started on 3rd October and has already raised more than $1 million, making it the hottest presale in the market. The presale has a hard cap of $10.8 million, equivalent to 600 million IMPT tokens, and it is currently in the first stage.
XRP seems to be losing the bullish sentiment created over the past month. Over the past week, XRP’s gains stand at less than 2%, while during the past 24 hours, XRP has dipped by 0.2%. At the time of writing, XRP was trading at $0.492.
XRP’s buying momentum is still high, as seen in the Relative Strength Index (RSI) of 55. If the buying support can be sustained for long, XRP could head towards breaking the $0.50 resistance again. However, given the weakening of the uptrend in the broader market, XRP could drop lower.
The long-term prospects of XRP are tied to the ongoing case between the company and the US Securities and Exchange Commission (SEC). When the SEC first filed the lawsuit against Ripple, XRP tanked and was even delisted from some crypto social trading platforms.
The lawsuit could end soon as Ripple and the SEC file for a summary judgment. XRP could pump if the SEC says that it is a token, while it could tank if the judge rules it is a token.
TAMA is currently one of the newest cryptocurrencies to buy. TAMA completed one of the most successful presales, where it raised $19 million. After the presale ended, TAMA was listed on several exchanges, including OKX, BitMart, LBank, MEXC Global, and the Uniswap decentralized exchange (DEX).
Like most new tokens, TAMA has been experiencing wild volatility over the past week, as shown in the chart below. During the week, the price of TAMA ranged between $0.064 and $0.118. At the time of writing, TAMA was trading at $0.066386 after a 37% correction in 24 hours.
TAMA has reported trading volumes of $52.54 million over the last 24 hours, while its market cap stands at $71 million. TAMA currently ranks as the 318 largest cryptocurrency in the market.
The huge appeal of Tamadoge stems from the novel approach that the team behind the coin has taken. Tamadoge is a meme coin. However, unlike most meme coins, Tamadoge is packed with utility. The meme coin has also ventured into the buzzing play-to-earn sector.
The first NFTs on the Tamadoge collection went on sale on 6th October on the OpenSea marketplace. 100 ultra-rare Tamadoge Pets were up for grabs during the listing. The pets are non-fungible token (NFT) dogs that owners can nurture, feed, train, and take care of before battling with other players. Players that win and move up the leaderboard earn rewards in TAMA.
The play-to-earn ecosystem of the Tamaverse will make TAMA deflationary, with 5% of all transactions in the pet store being taken from circulation. The pet store is where holders can buy toys, treats, and food for their pets.
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IMPT - New Eco Friendly Crypto
- Carbon Offsetting Crypto & NFT Project
- Industry Partnerships, Public Team
- Listed on LBank, Uniswap
- Upcoming Listings - Bitmart Dec 28, Gate.io Jan 1st