After an explosive week for bitcoin and the strong comeback of Ethereum, it’s altcoins’ turn to perform. The whole market is in turmoil and further rallies are expected on several current altcoins. Discover Dogecoin, Ecoterra and Cardano, the 3 crypto projects to follow now!
Dogecoin, the memecoin has not said its last word
Dogecoin is a crypto based on the same “doge” and its dog logo, the Shiba Inu. Created in 2013 by Billy Markus and Jackson Palmer, it is inspired by the famous cryptocurrency thought up by Charlie Lee: the Litecoin. Unlike some complex projects, its creators designed it to be a fun, no-fuss crypto that is more interesting to the general public.
In 2021, Elon Musk reveals that Dogecoin is his favorite cryptocurrency. DOGE is becoming more and more popular and the era of memecoins begins. Other similar projects like Shiba Inu are born later, trying to dethrone the first memecoin of the ecosystem.
At the genesis of the project, a non-profit foundation was created by members of the team to support the project, defend it, and ensure its governance. After several years of inactivity, the foundation was relaunched in 2021 with the objective of renew the Dogecoin ecosystem and promote it to the community.
Today, Dogecoin trades around $0.09 and is primarily used as a reward system on Reddit and Twitter (for sharing and creating content). He is positioned at the 8th place in the ranking CoinMarketCap with a market cap of $12 billion.
Ecoterra, an environmentally conscious blockchain project
If you care about the environment, one of the latest projects to look into is Ecoterra. This digital currency recently introduced a GameFi concept unique that uses the blockchain to try to solve climate problems.
With their new notion of “Recycle-to-Earn”, the Ecoterra team wants to encourage people to engage in more environmentally friendly activities. As a reward for their efforts and actions, users will receive Ecoterra tokens in their crypto wallet.
The Ecoterra platform consists of four main elements : the Recycle2Earn application, the marketplace for buying/selling recycled materials, a platform for exchanging carbon credits and a tool for monitoring its impact on the environment.
By using the application, users will earn tokens by performing actions like recycling and sorting. The app will also display the number of tokens each recycled item earns.
On the marketplace, individuals and professionals will be able to buy products such as plastic, glass and aluminum by simply paying with Ecoterra tokens.
For recycling, three simple steps are to be followed. First, users must scan the barcode of recyclable items to identify potential rewards. Then they have to recycle these items in a reverse vending machine (RVM).
Finally, users must take a photo of the receipt to get the rewards. To find out more and join this eco-responsible project, visit the official website of the pre-sale of Ecoterra by clicking here.
Cardano: the fast and innovative blockchain
Cardano was created in 2017 by mathematician Charles Hoskinson, one of the co-founders of the Ethereum network. This Layer-1 blockchain wishes to develop the technologies and the world of tomorrow. By using its Proof-of-Stake (PoS) consensus, its speed and its very particular operation.
The project is open source. It aims to redistribute power and knowledge for small structures and individuals in need. Cardano wants to recreate a safer, more transparent and fairer society for everyone.
ADA, the native token of the ecosystem, is named after the 19th century mathematician Ada Lovelace. She is considered the world’s first female computer programmer. As for a CAD, token holders can participate in the operation of the network. They can also vote on decisions and proposed changes to the code.
In August 2021, Charles Hoskinson announced the launch of the Alonzo hard fork. Making raise the price of ADA during the following month. On September 12, 2021, the hard fork officially launched, adding smart contract technology to the blockchain. A hundred smart contracts had been deployed 24 hours after the end of the update.
Currently, the ADA token is trading around $0.45. The project is considered one of the main Layer-1 competitors to Ethereum. It sits at #7 on the CoinMarketCap ranking and has a market capitalization of $15.5 billion.
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