The $COTI price is fast going to zero in wake of the US Security and Exchange Commission’s (SEC) assessment that the token is a security.
$COTI, which powers the COTI network, was last trading around $0.043, having lost more than 35% of its value since the start of last week.
That’s when the SEC unveiled new lawsuits against Binance and Coinbase, labeling $COTI and dozens of other cryptocurrencies as securities in the process.
The cryptocurrency is now down a staggering more than 95% from its record highs hit in late-2021 around $0.93.
$COTI considers itself a “regulation-ready” crypto network, as per the project’s website.
Being “regulation-ready… is a base requirement for enterprises when entering Web3,” the project explains.
“COTI has performed Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to all holders of COTI’s native coin in the COTI VIPER Wallet since inception and works in a prudent manner, making it ready for the challenges of tomorrow”.
Excellent KYC and AML controls on the COTI network were not enough to stop the SEC labelling the crypto as a security.
A near-term retest of last week’s record lows around $0.04 for $COTI seems likely, in wake of the crypto’s failure to recover back above key resistance in the form of the early 2023 lows in the $0.048 area.
Things Are Looking Up For This Lesser Known Green Crypto
While the $COTI outlook is dire, things are looking up for this lesser-known green crypto project called ecoterra.
As outlined in the project’s whitepaper, ecoterra is building an all-in-one $ECOTERRA-powered Web3 ecosystem, designed to encourage recycling via its first-of-its-kind Recycle-to-Earn (R2E) app.
The platform will also facilitate trade in recycled materials and encourage individuals and businesses to offset their carbon footprint.
And the project’s presale of its native $ECOTERRA token has been absolutely flying.
Sales recently surpassed $5.1 million, a strong vote of confidence from the crypto investing community in the project’s vision.
Observers expect the pace of the presale to pick up now that the project is accepting invitations for users to try out a demo version of the flagship R2E application.
Nascent green Web3 projects such as ecoterra are expected to play an increasingly important role in global efforts to address climate change in the decades ahead, as crypto’s broader adoption increases.
Visit Ecoterra Here
How Does Ecoterra Work?
When harnessed effectively, blockchain technology provides a unique ability to promote environmentally friendly behaviors by rewarding recycling.
Ecoterra’s decentralized ecosystem will make it easy to offset carbon emissions and track environmental impacts by utilizing the blockchain’s transparency properties.
And ecoterra is building an all-in-one application that does all of those things and more.
Ecoterra rewards users with the platform’s native $ECOTERRA crypto token every time they recycle.
The green Web3 start-up’s R2E app is supported in any country that uses Reverse Vending Machines (RVMs), meaning there’s a huge potential market.
The platform features a marketplace where individuals and businesses can offset their carbon footprint.
Last but not least, ecoterra allows individuals and businesses to track their environmentally friendly practices via their Impact Trackable Profile.
Observers expect this feature to be very popular amongst environmentally-conscious businesses, who can use Impact Trackable Profile to boost their brand image and bolster customer loyalty.
Vist the ecoterra website
Time to Buy $ECOTERRA?
Investors have no time to lose if they want to secure their $ECOTERRA bag at a favorable price.
That’s because when ecoterra’s presale hits $5.7 million, it will enter its ninth and final stage and the $ECOTERRA price will rise 8% to $0.01.
The presale will then end once the $6.7 million, a milestone that could be hit in a matter of weeks given the pace at which $ECOTERRA has been selling recently.
$ECOTERRA will then launch across major crypto exchanges next quarter, with many analysts predicting big upside for the token as a broader investor base rushes into to secure one of the crypto industry’s most promising green crypto tokens.
Buy $ECOTERRA Here
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