By
Temitope Olatunji
April 24th, 2024
Read the article to find out the reasons why the IMPT coin is predicted to dominate the market.
The cryptocurrency market is predicted to flourish at a quick clip in 2022, reaching a valuation of over $1.3 trillion by the end of that year. As the market grows, more exciting projects can be launched, resulting in impressive price gains in both the short and long term.
Recently, the crypto market has welcomed a good number of altcoins. While some coins have grown immensely, Some have failed, and others have struggled through time. ADA, XRP, and ETH have been through a lot in recent months, and possibly some huge price fluctuation is the way.
On the other hand, some coins have stolen the interest of investors and traders. IMPT shocks the market with its massive growth within such a short period. Considering what the IMPT project offers and how fast its presale is moving, crypto analysts predict the project to make 30x its current gain. This article analyzes four popular coins predicting their growth based on available facts. Find out more about IMPT.
IMPT Shocks Crypto Market in Less than 48 Hours: Why You Should Invest Now
Stop wondering! Here is why the IMPT coin is predicted to dominate the market.
Impact Project (IMPT)
IMPT is a new green cryptocurrency. It collaborates with over 10,000 businesses to make the planet more habitable. This project aims to resolve some fundamental issues, such as reducing carbon footprint. How does it intend to achieve this? IMPT provides investors with carbon credits that can be obtained by shopping. These credits can be used to fund environmentally friendly projects.
Also, IMPT credits can be held, bought, or sold, but they can also be retired if the owners desire. If an IMPT credit owner decides to retire their credits, they will receive an NFT in exchange. Interestingly, it appears that more than monetary returns, investors are equally interested in preserving the planet.
The Impact Project (IMPT), which started its presale on October 3rd, recently announced that it had realized over $500,000 for its native IMPT tokens in less than 48 hours – reflecting on other coins that had a similar successful presale this year, such growth positions IMPT for massive gains once it gets its first listing.
This immense growth indicates the kind of appreciation IMPT may experience once it goes live, just like Tamadoge (TAMA), which has risen by an impressive 1,500% since its presale after being listed on OKX. Also, the Impact Project has some solid fundamentals (as outlined in its whitepaper) that promise to keep interested in its native token alive long after the presale has ended.
In addition, IMPT is developing a decentralized market for carbon credits based on the Ethereum blockchain. Aside from allowing individuals and businesses to trade such credits, it also rewards individuals for spending money with selected Impact Project partners who are in some way involved in green initiatives.
Cardano (ADA)
Many investors who had high hopes for Cardano (ADA) earlier this year have been disappointed by its current price. Since reaching an all-time high of $3.09 in 2021, the digital currency has dropped by 86%.
According to InvestorsObserver’s research, ADA has an average long-term technical score of 53. The proprietary scoring system is based on the coin’s historical trading patterns (including the coin’s position about long-term averages, as well as its current support and resistance levels) from the last few months to a year.
The huge 86% drop in price resulted from the political and economic events since early this year. And we must note that ADA is not the only cryptocurrency impacted by these events. Nevertheless, investors have managed to direct their rage at ADA, resulting in widespread capitulation.
According to a report from Sentiment (a leading market intelligence platform that studies top cryptocurrencies), many investors anticipated that the Vasil launch would cause the ADA price to rise. But unfortunately, Vasil’s deployment was insufficient to boost ADA prices. As a result, the ADA has received much negative feedback from the public.
XRP
The recent years have been particularly difficult for XRP investors. What was once hailed as the next big thing in altcoins has been plagued by regulatory issues and lawsuits. Due to this crisis, some marketplaces blocked or suspended XRP transactions, making investors’ transactions even more difficult. Despite all this, some hopeful observers believe XRP has a bright future in the space and that these discounted prices could be a huge bargain if Ripple can overcome its issues.
XRP has increased by 10.5% in the last 24 hours and more than 50% in the last two weeks. It is currently trading at $0.48, and experts believe it will soon surpass the $0.5 mark. If these predictions are right and the legal battle with the SEC ends in Ripple’s favor, we could be looking at a $3 per token price soon.
On September 30th, XPR was among the best-performing tokens in the top 100 crypto list, and it isn’t slowing down. This sudden growth results from the recent news that a US District Court Judge rejected the SEC’s appeal to withhold specific case documents.
However, anyone interested in investing in Ripple should keep a close eye on the current legal squabble. The future of XRP is uncertain in light of recent leadership changes at the SEC. Tamadoge, on the other hand, is an excellent choice for investment with guaranteed future returns.
Ethereum (ETH)
Ethereum, which is a cryptocurrency ranked amongst the best altcoins. Ethereum has also seen explosive growth. Although many digital currencies have fallen in value in recent months, Ethereum is constantly growing.
Since the completion of the “merge” project on September 15th, Ethereum’s price has been more stable than most cryptocurrencies, Bitcoin inclusive. Its price climbed by over 12,518%, or $11, from April 2016 to the end of September 2022, bringing it to nearly $1,388.
With its constant increase in numbers, financial experts predict that market volatility will be high due to global economic inflation. Crypto analysts encourage traders to purchase Ethereum now. According to analysis, the predicted volatility will most likely occur by the end of this year.
On the positive side, Ethereum investors will greatly benefit from this high volatility. According to recent price predictions, Ethereum may reach $4,000 in favor of its investors. Whatever happens soon, financial advisors recommend that cryptocurrency investors diversify their portfolios by investing in the Ethereum currency.
Tamadoge (TAMA)
Tamadoge has proven to stand out from other meme coins. TAMA continuously builds a strong metaverse environment around itself by creating various cryptocurrency features. Some interesting features of Tamadoge include Play-to-Earn (P2E), Tamadoge exchange, and Tamadoge pets.
Tamadoge is currently available for purchase on the OKX exchange platform. The coin’s developers plan to launch the Tamadoge AR app in 2023.
Tamadoge players are allowed to trade with its native currency, TAMA, which incurs no transaction tax. Tamadoge is a one-of-a-kind cryptocurrency that allows traders to maximize their NFT animal art to earn digital coins. A group of expert and skilled crypto enthusiasts, software engineers, developers, and marketers are collaborating to keep Tamadoge in the сrypto community.
Here’s another reason to invest in the greatest meme coin on the market right now: Tamadoge began with one of the largest meme coin presales in history. Tamadoge entered the market in grand style, raising approximately $20 million in funding and capturing the attention of investors and market watchers alike. Find out more about Tamadoge.
Its market value is currently $0.06+ and is steadily increasing. Unlike Shiba Inu or Dogecoin, which supply unlimited tokens, the project has chosen a fixed supply, which should instill greater confidence in its long-term viability as a financial asset.
Conclusion
IMPT has made a strong first impression with its massive presale and appears to be here to stay. With the number of investors IMPT has attracted, it is set for success as it is the biggest presale happening right now. Unlike some altcoins, its tokenomics make much practical sense. As a cryptocurrency investor, you should not miss out on IMPT.
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