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What is the future of Cardano

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Cardano (ADA) is one of the biggest cryptocurrencies, according to CoinMarketCap. Cardano is inherently more energy efficient than Bitcoin because it uses a “Proof of Stake” consensus method in which participants in the currency acquire tokens to join the network. Cardano has a blockchain that is adaptive, renewable, and extensible to execute smart contracts.

Low-carbon coins, such as Cardano, Tamadoge (TAMA), and Impt.io (IMPT), can even benefit the environment. Discovering the most energy-efficient cryptocurrency will help you choose environmentally responsible investment strategies. This, in turn, could encourage a planet-wide transition to a greener future.

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Most recently, Cardano price demonstrated a shortage of eager buyers which drove it below critical support, leading to a breakout of the bearish market structure. There is not much time left for this situation to turn around; if not, there could be a sale.

Cardano is down -2.45% as the cryptocurrency market continues to slide, with various coins getting the end of the stick. The price of Cardano, which was $0.39 as of October 12, 2022 at 10:00 a.m., according to Coinpedialed some investors to turn to other energy-efficient coins, such as Tamadoge and Impt.io, which are expected to see 30x growth.

How Cardano has been playing lately and the future of Cardano

According by FXStreet analysis, Cardano price has created a descending triangle by connecting the four lower lows and the three equal lows that have been created since May 10. Adding the distance between the breakout point at $0.400 and the initial swing high and low, this technical setup calls for a 40% decline to $0.241. On October 10, ADA delivered a near daily candlestick below this level, indicating the breakout of the descending triangle and validating a bearish breakout.

Because the bears have dominated for the past 24 hours, Cardano’s latest price study indicates a bearish trend for the cryptocurrency. Despite a powerful bullish wave dominating the price trend the previous week, today’s trend appeared to be mostly in favor of selling. At noon, the ADA/USD value was $0.3991; if the bears persist, a further drop in the value of the coins is to be expected.

Five energy-efficient alternative cryptos worth investing in

Cryptos are said to be energy efficient when they use certain advanced technologies that allow them to use the lowest power consumption. For most investors, energy-efficient tokens are worth looking into.

We will now dive into five energy-efficient cryptos that we believe will have a 30x gain before the end of the year.

  1. Tamadoge (TAMA)
  2. IMPT.io (IMPT)
  3. IOTA
  4. Hedera
  5. Avalanche (AVAX)

tamadoge – Why the future of Tamadoge is bright

The gateway token of the Tamaverse, where you can create, breed, and engage in battles with your very own Tamadoge pet, is called Tamadoge (TAMA). Anyone can create doges with Tamadoge, and users can breed, train, and compete with their Tamadoge NFTs to top the monthly scoreboard. Play-to-Earn options will eventually incorporate augmented reality activities, allowing your NFT to interact with their Tamaverse buddies.

On September 27, Tamadoge made its first CEX listing on OKX. Within hours of listing, the price of TAMA tokens doubled as the story went viral in the cryptocurrency world. The project is currently leading the world with a live price of $0.031595 and a 24-hour trading volume of $11,017,863. It has already been listed on all major stock exchanges. With a maximum supply of 2,000,000,000 TAMA coins, the current CoinMarketCap the ranking is 2663.

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Regardless of your perspective, Tamadoge is one of the best designed cryptocurrency projects to enter the market. It boasts of exceptional token usage and a host of cutting-edge features like an inbuilt NFT store, game-to-win mechanics, and a metaverse. To ensure that the project has what it needs to survive the new Bitcoin environment, every feature and component has been carefully considered.

If you are wondering where to buy Tamadoge at the current price, major cryptocurrency exchanges OKX, MEXC, BKEX, BitMart, and LBank have already listed Tamadoge tokens on their platforms.

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Impt.io – On the way to a 30x gain

A relatively new cryptocurrency initiative called Impt.io seeks to achieve sustainability in a society grappling with climate change and atmospheric alterations. More than 10,000 global brands have already joined this still-nascent project and have all chosen to be part of its ecosystem. Each brand can choose the share of its commercial margin to devote to IMPT projects.

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In the IMPT.io ecosystem, carbon credits and carbon offsets are both used interchangeably. One carbon credit is equivalent to the allowance of one tonne of carbon monoxide, as mentioned in the IMPT white paper. To offset carbon emissions created by industrial processes and other sources, businesses and individuals can purchase these carbon credits.

Due to their propensity to be profitable, energy stocks continue to be in high demand. Impt.io (IMPT) is now offering a presale on its platform, which is expected to end in November. In less than 24 hours after launching the presale, IMPT.io raised a whopping $150,000 and to date has raised over $3.6 million, Coincodex said. The stats and outlook for this cryptocurrency are just too promising as its current market value of $0.018 is expected to increase over 30x after its debut.

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IOTA (MIOTA) – Less energy consumer in the IoT niche

In the Internet of Things (IoT) niche, IOTA remains the most energy-efficient cryptocurrency. Communication between devices that people use daily, such as smartphones, tablets, televisions and others, is what fuels the idea of ​​IoT. Over the years, the popular belief that the IoT concept will continually increase makes IOTA a great investment project.

Another advantage of IOTA is that validation of transactions does not require mining as transactions are facilitated by a distributed ledger, also known as “The Tangle”. As a result, fees attributed to transactions have become obsolete and also energy efficient to a large extent.

Every day, more and more people continue to search for ways to help the earth, especially as discussions around climate change grow. As such, IOTA maintains a comfortable position as one of the coins that would make a 30x gain before the end of the year.

Hedera (HBAR) – Fast Carbon Negative Part

Hedera is a proof-of-stake network that is used for network protection, as well as network fuel, used to pay transaction fees, micropayments, and in-app payments. One advantage that sets Hedera apart is that it remains faster than major blockchains such as Ethereum, Cardano, and Bitcoin.

Every second, Hedera can handle no less than 10,000 transactions and have fees as low as $0.001 per transaction. More and more people are continually looking for blockchains with low transaction fees, and HBAR seems well suited for this purpose. As such, a 30x gain is likely achievable before the end of the year.

Avalanche (AVAX) – the energy-efficient crypto alternative to Ethereum

As a power-efficient crypto, Avalanche uses a Proof of Stake (PoS) mechanism to validate blocks. Due to its lightning-fast nature, the Avalanche Blockchain network emerged in 2021 as a suitable alternative to Ethereum.

With dApps and NFTs growing in popularity every day, Avalanche has become the go-to network for developers and creators looking for high scalability. This, in our opinion, makes it one of the coins that would likely top the 30x gain this year.

Final Thoughts

As investors pull out of the Cardano (ADA) project, it is entirely conceivable that they will invest in other promising coins like Tamadoge and Impt.io. These five energy efficient coins have so much potential and are well suited to deliver nearly 30x returns for investors in 2022.