The crypto market has been on fire recently, and eco-friendly projects are becoming the new hot trend among investors.
NEAR Protocol (NEAR) has been turning heads, matching Dogecoin’s (DOGE) impressive price performance in March and sparking excitement within the crypto community.
As traders search for the next eco-friendly cryptos that could explode, two presale projects – Green Bitcoin (GBTC) and eTukTuk (TUK) – are emerging as potential candidates.
NEAR Protocol Takes the Spotlight With Vertical Price Rally
NEAR Protocol has been one of the most talked-about cryptos lately, catching the attention of investors and traders alike.
This eco-friendly blockchain has been going head-to-head with DOGE in terms of price performance, as pointed out by crypto analyst @Nakameowdough on Twitter.
Both cryptos are up over 50% since March 1 – yet NEAR has begun to pull away in the past few days.
At the time of writing, NEAR is trading above $7, marking its highest price point since May 2022.
The token’s surge has been further bolstered by a tweet from the influential @HsakaTrades on Twitter, who has over 519,000 followers.
Hsaka posted a photo of NEAR Protocol’s co-founder, Ilia Polosukhin, but there was no caption.
This led to a flurry of speculation from crypto investors, many of whom took the tweet as a sign of big things to come for NEAR.
Adding to the excitement, Polosukhin is also scheduled to speak at Nvidia’s Transforming AI panel on March 20, further cementing NEAR Protocol’s position as a key player in the crypto space.
Is NEAR Protocol’s Comeback the Start of a Sustainability Trend in Crypto?
NEAR Protocol has had an interesting journey over the past few years, to say the least.
The project, founded in 2018, has gained significant attention for its innovative approach to building a carbon-neutral blockchain that addresses environmental concerns surrounding certain cryptos (like Bitcoin).
One of the key milestones for NEAR Protocol was securing investment from Barry Silbert’s Digital Currency Group (DCG) – and becoming its third largest crypto holding.
Silbert, a prominent figure in the crypto space, recognized the potential of NEAR Protocol’s scalable blockchain tech.
However, the project’s journey wasn’t without its challenges.
During the crypto bear market of the past two years, the value of the native NEAR token plummeted to around $1 in October 2023.
This period was particularly difficult for projects associated with Silbert’s DCG – often called “Barry coins.”
Despite the challenges, NEAR Protocol’s commitment to sustainability has kept it afloat.
With the NEAR token now up 618% from October 2023’s low, the recent surge could mark the beginning of a major comeback story.
Green Bitcoin Presale Heats Up as Eco-Friendly Alternative to BTC
NEAR’s resurgence isn’t just a positive sign for the blockchain itself but for the entire sustainable crypto movement.
The project’s surge could be the catalyst that shines the spotlight on other promising “green” digital assets.
One such asset that appears well-positioned to capitalize on eco-conscious investing trends is Green Bitcoin.
As its name implies, Green Bitcoin aims to tackle the environmental challenges brought about by Bitcoin’s current Proof-of-Work (PoW) setup.
Rather than taking a PoW approach, Green Bitcoin uses Proof-of-Stake (PoS).
It also offers a clever “Gamified Green Staking” model where users stake the native GBTC token to earn rewards based on accurately predicting the price of BTC.
Green Bitcoin has been generating massive buzz during its ongoing token presale.
The presale event has already raised over $3.2 million from eager investors – with GBTC tokens on offer for just $0.80.
Over 7,600 people have also followed Green Bitcoin’s Twitter page, highlighting the growing community around the project.
With exchange listings planned once the presale ends, early investors are growing confident that it could become a leader in the sustainable crypto space.
eTukTuk Aims to Revolutionize Transport & Drive Sustainable Crypto Change
While Green Bitcoin offers a sustainable spin on Bitcoin itself, another eco-friendly crypto that’s been gaining attention is eTukTuk and its native TUK token.
This platform is tackling sustainability from a different angle – by leveraging blockchain technology to revolutionize transportation in developing nations.
eTukTuk’s mission is to replace tuk-tuks with affordable electric vehicles, also called “eTukTuks.”
Not only that, but the developers plan to build charging infrastructure powered by the native TUK token.
TUK token holders will also be able to earn rewards through the project’s staking protocol, which offers yields of 127% per year.
Like Green Bitcoin, eTukTuk has already demonstrated substantial demand during its initial fundraising stages.
The project’s presale has raised over $2 million to date, indicating strong investor appetite for its features.
With plans to deploy solar charging stations and launch a play-to-earn (P2E) game, eTukTuk is building much more than a token.
This real-world impact, alongside its focus on sustainability, positions TUK as another eco-friendly crypto that could explode if all goes to plan.
