It’s been a solid week for fans of Cardano ($ADA) and Polygon ($MATIC), as both tokens have posted gains of over 5%.
Despite the recent setback of Revolut delisting $ADA and $MATIC, these cryptos have defied expectations and continued their upward trajectory.
Amidst this, another trending token, Ecoterra ($ECOTERRA), has also witnessed substantial growth – highlighting the dynamic nature of the market.
Cardano & Polygon Navigate the Wave of Regulatory Turbulence
Revolut’s decision to delist Cardano and Polygon has sent ripples throughout the investment community.
The SEC’s lawsuits against major exchanges Binance and Coinbase, in which both these tokens were highlighted as examples of alleged securities, have cast a shadow over the crypto market.
These allegations prompted platforms like Revolut to take action and remove potentially non-compliant tokens to mitigate regulatory risks.
However, it’s not just Revolut taking this approach – Robinhood and eToro have also opted to cut support for $ADA and $MATIC (among others).
Naturally, the uncertainty stemming from these delistings has impacted their price stability, with both seeing sharp highs and dramatic lows in the past month.
$ADA and $MATIC Continue to Climb Amid Challenging Landscape
Nevertheless, Cardano and Polygon enthusiasts have remained optimistic, with both tokens experiencing a remarkable uptick in price over the past week.
Cardano is up almost 5% in that timeframe, with the token now trading around the $0.295 level.
Meanwhile, Polygon has soared by over 6% in the same period – and is hovering just above the $0.70 level.
Despite the ongoing regulatory scrutiny, these sharp price surges highlight the resilience of both $ADA and $MATIC.
Per CoinMarketCapCardano and Polygon are now the 7th and 12th largest cryptocurrencies globally, as measured by market capitalization.
Interestingly, although Polygon is the smaller token, its trading volume over the past 24 hours is 64% higher than Cardano’s – indicating a growing interest in $MATIC.
Regardless, the fact that both tokens are standing firm amid several exchange delistings is a testament to the strength of their underlying technology and the dedication of their communities.
As the Crypto Fear & Greed Index ticks firmly into “Greed” territory, it’s clear that investor sentiment remains bullish for these tokens – signaling a potential for continued price growth.
Which New Altcoins Are Also Experiencing Significant Growth?
Alongside Cardano and Polygon, several other altcoins are also experiencing significant growth.
One project standing out above the rest is Ecoterra – a new altcoin that offers groundbreaking blockchain-powered features while boasting an eco-friendly mission.
Ecoterra Harnesses Power of Ethereum Blockchain to Promote Sustainability & Raises $5.8m
Ecoterra ($ECOTERRA) is a blockchain ecosystem designed to offer user rewards in return for taking action against climate change.
Built on the Ethereum blockchain, Ecoterra offers several features that help users make more sustainable decisions by leveraging the power of Web3 technologies.
The most exciting feature is Ecoterra’s Recycle2Earn mobile app, which allows users to earn $ECOTERRA tokens whenever they recycle items at a Reverse Vending Machine (RVM).
Alongside this app, Ecoterra also boasts a carbon offset marketplace, where individuals (and businesses) can purchase verified offsets using $ECOTERRA or other cryptos – thereby reducing their carbon footprint.
As noted in Ecoterra’s whitepaperthe platform will even have a recycled materials marketplace designed to allow businesses to purchase recycled plastic, glass, or aluminum using $ECOTERRA.
Intriguingly, through the Recycle2Earn app, businesses can turn their waste into an opportunity by recycling their used materials.
In return, they earn $ECOTERRA tokens which can then be used to buy more materials – creating a self-sustaining circular economy.
This innovative setup has piqued the interest of investors worldwide, with over 15,000 people now following Ecoterra’s Twitter account.
Moreover, Ecoterra has also been referenced by some high-profile crypto influencers; for example, Crypto Moonlight released a video speculating that the token could “make us all insane profit.”
Ultimately, with its unique blend of blockchain technology and sustainability, Ecoterra is primed for growth – and given that the ongoing presale has now raised an incredible $5.8 million, it’s evident that the project is resonating with investors.
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