The crypto market is experiencing a surge in interest following a shift in market sentiment. Now, the bulls are showing a strong presence as buying pressure accumulates.
This has led to a significant price increase in cryptocurrencies, with Bitcoin reclaiming the $30,000 mark after a three-month bearish period.
Several altcoins like Ethereum have also joined the bullish trend, with the leading smart contract network surpassing the $1,900 price peg.
However, crypto whales are not just focusing on well-established cryptocurrencies like Bitcoin. Many are rapidly buying into the latest green blockchain initiative, ecoterra, as interest in climate change picks up.
Institutional Interest Buoys Crypto Market Gains
The past week has been a whirlwind of macro events in the crypto space. It started with regulatory actions taken by the US Securities and Exchange Commission (SEC) against various altcoins.
The regulatory agency labeled 67 crypto assets as securities, which added selling pressure to an already volatile marketplace.
However, the crypto landscape took a positive turn as prominent institutional asset managers, including BlackRock, WisdomTree, and Fidelity, filed for approval to offer a Bitcoin exchange-traded fund (ETF) to willing investors.
BlackRock CEO Larry Fink highlighted the growing interest in Bitcoin among investors.
According to Fink, the company’s website received 3,000 hits related to monetary policy, while Bitcoin garnered 600,000 hits, indicating significant market interest in the leading cryptocurrency.
This turn of events served as a positive signal to mainstream investors, reinforcing the potential of cryptocurrencies and their widespread adoption.
Bitcoin responded favorably to the news, surging from its 24-hour low of $27,743 to $30,743.33 within a few hours. This upward momentum led the crypto market to rise from $1.07 trillion to $1.19 trillion in just one week.
The continuous rise of the crypto wave suggests that the time for its broader adoption could be approaching.
However, it’s important to note that not all crypto projects solely focus on value transfer.
Initiatives like ecoterra aim to promote sustainability and contribute to a more environmentally friendly planet for everyone.
Ecoterra: Building a Sustainable World
Blockchain technology has been termed a disruptive force. So far, it has seen its use case in finance, medical, logistics and inventory management, education, and several others.
Now, this distributed ledger technology (DLT) is focusing on the growing climate issues.
Introducing ecoterra, a Certik-vetted eco-friendly project that aims to empower individuals and businesses to achieve their sustainability goals by recycling household items like glass, plastic, and aluminum.
The project offers the opportunity for anyone to participate in its recycle-to-earn (R2E) initiative, where users are rewarded for their recycling efforts.
This way, users can cut down on their waste disposal and environmental biohazard practices while earning on the side.
One notable aspect of ecoterra is the provision of a carbon offset marketplace. This platform facilitates the buying and selling of carbon credits, enabling users to further reduce their carbon footprint.
Companies can also leverage this marketplace to offer eco-friendly products and services. Furthermore, users committed to environmental sustainability can easily track their contributions using the R2E app integrated with the blockchain project.
Currently in its presale stage, ecoterra presents an enticing opportunity for early investors to acquire its $ECOTERRA token at a discounted price of $0.00925.
The digital asset has raised over $5.39 million, demonstrating strong investor support.
How to Buy $ECOTERRA Tokens
For investors keen on buying $ECOTERRA, follow these detailed steps to get started:
Create a Crypto Wallet
Investors must first create a crypto wallet to store their purchased ECOTERRA tokens. Several wallet providers support ERC-20 tokens, and the ecoterra team suggests using MetaMask for desktop users or Trust Wallet for mobile users.
Purchase ETH or USDT
Investors can purchase tokens using either ETH (Ethereum) or USDT (Tether). These cryptocurrencies can be obtained from various reputable brokers and exchanges in the market.
Additionally, investors can utilize the ecoterra presale dashboard, which provides the convenience of purchasing tokens directly using a debit or credit card.
Click on the ‘Connect Wallet’ icon below the presale countdown window and choose one of the supported wallets there.
Then select’Continue’ icon on the wallet dialog box to connect the wallet to the ecoterra website.
Swap ETH, USDT for $ECOTERRA
Once the wallet is connected, the next step is to swap ETH or USDT for $ECOTERRA.
To do this, users must have the underlying tokens in their crypto wallet. If not, both are accessible on centralized exchanges like Binance and Coinbase.
After the wallet has been funded, users can enter the desired amount of ETH or USDT they wish to exchange and click on the ‘Buy Now’ button to initiate the trade.
Once the funds have been received at the ecoterra wallet address, the $ECOTERRA tokens will be promptly transferred to the user’s crypto wallet.
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Disclaimer: CryptoNewsBook is an online aggregator that fetches latest crypto news from different sources. This article is provided for general information purposes ONLY and contains data fetched from third party sources; hence, we do not endorse its accuracy. For more details, kindly visit The Source. Please report any fake news or false statement to Our Support Team. If you are the original owner of this content and wish it to be removed on this platform, kindly forward your request to Our Support Team.
Also Note: Cryptocurrencies are unregulated, and no part of this article should be understood nor interpreted as a recommendation/advice. #s3