From the very inception, the chat around cryptocurrency has grown beyond profit potential to sustainability and environmental impact. As the costs associated with energy-intensive mainstream cryptocurrencies such as Bitcoin have come under greater scrutiny, more and more buyers are tilting towards green alternatives that promise financial rewards and a smaller carbon footprint.
The appearance of eco-cryptocurrencies not only refers to the benefits of individual projects but also positively influences the whole market. When a single project excels in sustainability, it inspires others to follow suit and do their best to improve their environmental protection activities. This healthy competition forces markets towards higher efficiency in power supply systems, erasing old energy-intensive projects daily.
In the long run, the trend of constant technological advancements allows for the emergence of new and groundbreaking crypto projects like KangaMoon (KANG) that are setting new standards in the crypto space. Alongside KangaMoon, this article examines other eco-friendly token buyers might wish to invest in, including Cardano (ADA), Polkadot (DOT), Hedera (HBAR), and Avalanche (AVAX).
KangaMoon (KANG) Token Hits $6M in Presale Funding
KangaMoon (KANG) has rapidly gained a solid footing and has sold nearly 80% of its presale tokens in the fifth and last presale stage. Beating the $6.5M funding milestone, the meme coin project is well on track to hit the $7M target by the end of the presale. KangaMoon, as a meme coin is aimed at the play-to-earn gaming industry, which is forecasted to have grown to $855 million by 2028.
To distinguish itself from it peers, KangaMoon combines the elements of SocialFi and GameFiin an immersive ecosystem dubbed “Kangaverse”. Here, the native KANG token serves as the in-game currency, and can be acquired or earned through various activities. Notably, participants can engage in battle-themed contests of periodic challenges to earn the KANG token alongside other valuable in-game assets.
Apart from that, KangaMoon offers its free KANG tokens to active members that engage in social media promotion. Meanwhile, KangaMoon recently partnered with RaidSharkBot in an attempt to accelerate community engagement. The popular raid bot promises even greater excitement to the KangaMoon Ecosystem with up to $1000 monthly price pool.
Meanwhile, the price of the native KANG tokens has soared by 400% from an initial $0.005 to $0.025 in the current stage. Given this impressive run, analysts forecast a leap, believing that this aspiring top meme coin can achieve a surge of 20x upon listing on Tier-1 exchanges in Q2 of 2024. Armed with energy-efficient ERC20 technology, outreach to the community, and promising path, KangaMoon sits comfortably among eco-friendly crypto coins to buy in 2024, offering both possible profits and sustainability.
Cardano (ADA): Proof of Stake Blockchain Platform
Cardano (ADA) has been striking the crypto space with its solid activity in networks, although it dropped by 30.36% in monthly charts. In the last seven days, the Cardano price slumped by 11% after trading from $0.34 to $ 0.46. Soaring to the market cap of $15 billion in the same period, it is evident that Cardano is a commendable market contender.
Its eco-friendly nature sets this open-source, decentralized network apart from the other coins. Unlike traditional proof-of-work cryptocurrencies such as Bitcoin, Cardano uses a proof-of-stake consensus mechanism, thus saving energy consumption. This green design points to sustainable principles and promotes a more environmentally friendly blockchain network.
Polkadot (DOT): Robust Network with Targets to Hit $10
Polkadot (DOT) network has also proven its durability and ability to recuperate from market fluctuations over the short term. By ranking 14th in the market cap, Polkadot reports impressive performance in the last week, with the price reaching a peak of $7 before declining by roughly 8% loss.As such, the native DOT token is currently trading around the $6.5 range but is well on its way to reclaim the ground above $10.
Just like Cardano, the Polkadot network elevates sustainable development to a high level with regard to its consensus mechanism, which is environmentally friendly. Polkadot network does this by factoring in proof of stake, limiting its negative environmental footprint compared to typical proof-of-work cryptocurrencies. This ecological solution, besides sparing the planet, also fosters the growth of its blockchain ecosystem.
Hedera Hashgraph (HBAR): Secure Platform for dApps
Hedera (HBAR) Hashgraph is considered an environmentally friendly cryptocurrency because of its special consensus algorithm that joins the ideas of the proof of stake and Byzantine fault tolerance. Through its diverse features, Hedera network has built up a scalable and efficient platform to run its decentralized applications (dApps).
Meanwhile, Hedera Hashgraph reveals its determination to create a brighter and greener future for blockchain ecosystems through green outlooks. This goes without adding that eco-friendly solutions take the lead in Hedera Hashgraph, showing its desire to build a greener and sustainable future for the blockchain technology industry.
Meanwhile, in the monthly charts, Hedera declined by over 12%, and the weekly charts to the lowest of 25.46% as well. The drop in Hedera's price could be a sign that the bulls have taken over. On the contrary, some analysts are pointing to possible rallies in the coming months, considering Hedera might rise above $0.1.
Avalanche (AVAX): Scalable Layer 1 Blockchain For Buyers
Another cryptocurrency that supports environmental protection is Avalanche (AVAX), a layer-one blockchain employing proof of stake consensus. Avalanche is a high-speed and low-latency platform which can carry many dApps. Moreover, it is an energy-efficient platform; by implementing this strategy, Avalanche Network provides an impeccable infrastructure that sets future finance standards.
With its distinctive features for green-minded buyers, Avalanche is one of the emerging blockchain and environmentally responsible innovations. However, Avalanche's price sharply retreated from the monthly high of $53 to currently trading at $32.56, which means a loss of 38.32%. Despite the weekly course of the trading charts trying to improve, the price dropped by almost 16%, trading from $30.7 to $38.5.
Why is KangaMoon the Best Crypto Pick?
KangaMoon took first place on the list of the top eco-friendly coins, including Cardano, Polkadot, Hedera Hashgraph, and Avalanche. The KANG project aims to dominate the next bull market, so far raising $6.5 million and aiming to hit $7 million in the upcoming weeks.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Website:https://Kangamoon.com/
Join Our Telegram Community:https://t.me/Kangamoonofficial
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the viewsof Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
