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For cryptocurrency investors and enthusiasts, the year has been somewhat difficult due to the continuous bear market that struck the market a few months back. Even Bitcoin (BTC) and Ethereum (ETH), the two most dominant cryptocurrencies, were severely hit. Investors in cryptocurrencies are puzzled by the speed at which these coins have fallen to record lows.
Every investor is looking for a way to bounce back from the crypto winter and get their investments back on track. New cryptocurrencies are being developed daily, and a few of them show tremendous promise. Tamadoge and Impt.io are two prime examples. They both can help you gain enormous wealth despite having different perspectives.
But first, let's look at how other altcoins have been faring in the global crypto market these days. For this post, we'll look into Chain Link and Elrond— Two altcoins that have been rallying upwards with TAMA.
Chainlink's (LINK) market is demonstrating a complete upward trend and has gained a lot of strength, according to ChainLink's price assessment for October 5, 2022, which is good news for LINK investors. ChainLink's price has been steadily growing in recent hours. On October 4, 2022, the price increased from $7.2 to $7.8. Furthermore, the market immediately earned additional value as a result. Again, ChainLink has reached its highest position, $7.8, which is just below the $8 mark.
ChainLink is presently trading at $7.8 with a trading volume of $461,803,147. Chainlink's price has dropped 0.74% in the last 24 hours. ChainLink is ranked number 23 with a live market cap of $3,808,854,703.
On the other hand, Elrond's (EGLD) price increased by 4.18% over the previous day to reach $55.88. This continues the positive trend that began the previous week when the price rose 17.0% from $46.53. The coin's current record high is $545.64.
The coin's trading volume increased by 209.0% over the past week, while its total circulating supply increased by 2.69% to reach over 23.62 million, or approximately 75.19% of the total 31.42 million supply. EGLD now holds the 43rd-highest market capitalization ranking with a $1.31 billion market value.
The IMPT protocol was developed to make it easier for companies and individuals to measure and control their carbon emissions. The employment of IMPT is lauded and encouraged because of its plan to improve how carbon credits are managed using blockchain technology. The IMPT project generated over $450k in the first 48 hours of its presale.
Here are the top reasons why experts believe Impt.io has a profitable future
IMPT.io will leverage the benefits of blockchain technology to achieve its goal. Many aspects of the carbon trading market resemble the blockchain method. Impt's blockchain is a decentralized database that can be considered a type of data existence, whereas carbon trading is data use. The blockchain uses a distributed ledger that all network participants agree on and can read and write to, ensuring that no network participant, no matter how unknown, spends more than they have or spends it more than once.
According to the Impt.io website, over 10,000 companies have joined the Impt.io ecosystem regarding how they will manage the IMPT cash-back advantages given to customers who engage with the platform's initiative. Among these companies are Adidas, Hugo Boss, and Apple.
Furthermore, by joining the DAO and participating in the decision-making process, users can vote on changes to a token's protocol. Initially, the founding group will be in charge of making decisions. As the ecosystem evolves, holders of governance tokens will be able to influence how the platform and ecosystem develop in the future.
IMPT transforms carbon credits into NFTs to change the carbon credit market. The team guarantees that the entire process can be carried out in the future in a secure, open, and effective manner by owning carbon credits as NFTs.
Additionally, users can list and trade their carbon credit tokens on the market. To lessen their carbon footprint, users can either burn or save their carbon credit tokens. A collectible NFT is made when a carbon credit token is burned. Each creator of the collectible NFT and the user who burnt the carbon credit tokens will have a piece of these one-of-a-kind works of art.
Tamadoge was only recently listed for trading. Investors were first aware of the project during a presale event from August to September 2022, and it sold out, generating $19 million. On September 27, the token debuted on the OKX CEX and DEX, with an initial price of slightly more than $0.02. The Ethereum (ETH)-based cryptocurrency has been slowly increasing after it briefly fell to an all-time low of $0.019 on September 30.
On October 4th, Tamadoge applied to list on the Binance market. This resulted in the coin peaking at an all-time high of $0.19 on the same day. Yesterday, it got double-listed on top-tier exchanges, LBank and MEXC.
In case you're new, Tamadoge is a P2E NFT game that offers players the chance to earn money while having fun and networking with other crypto gamers. It has the Tamaverse, where users can engage in combat and competitions with other Tamadoge members. The ecosystem's native token, TAMA, will be a portal to Tamadoge's virtual world, Tamaverse.
How much money you gain from crypto depends significantly on your investments. We advise you to look into investing in IMPT and TAMA. They're both the future of green and deflationary cryptocurrencies.
You can better understand crypto assets and reduce your risk of financial loss by doing more research.
Experts believe IMPT could rally upwards soon to join growing altcoins TAMA, EGLD, and LINK. Here's why?
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
