Crypto Prices Fall But These Coins in the Green – IMPT, LUNC, AAVE, DOGE
While the crypto market remains in the red, a growing number of coins have managed to buck the bearish trend. This article explores some of these crypto assets.
Impact Project (IMPT)
Investors looking to back a meaningful project while earning can consider the IMPT token.
The token powers the Impact Project, an Ethereum-based protocol that hopes to explore blockchain’s potential in the fight against climate change. With this protocol, individuals and companies will be able to buy carbon credits and fund environmental sustainability projects across the world.
The Impact Project is one of the foremost environmental, social, and government (ESG) investments in the crypto space, and it allows investors to earn while supporting a good cause.
IMPT is currently available on presale. It has raised over $6 million in two weeks on its path to $10.8m, showing impressive levels of investor demand. And with the Impact Project boasting an affiliate network of over 25,000 companies, IMPT is primed for a massive pump in the near future.
Terra Classic (LUNC)
LUNC had a long stretch at the top of the crypto market. It was once one of the ten most valuable coins in the market, but all of that changed when the Terra stablecoin ecosystem crashed, and the USTC stablecoin lost its peg against the dollar.
Nevertheless, Terra’s community has continued to rally behind the digital asset, with many believing it could reclaim the highs lost once more.
At press time, LUNC trades at $0.000249, a 0.89% increase in the past 24 hours.
LUNC’s investors recently got excited following a proposal to reduce the burn tax rate on transactions to 0.2%. This marks a reduction from the initial 1.2% tax rate, with the excess cryptos given to communities in the decentralized finance (DeFi) space to boost liquidity.
It might take a while, but Terra’s community still believes in LUNC’s ability to grow.
Aave (AAVE)
Aave is one of the most popular platforms in the DeFi space. The lending protocol allows investors to easily borrow funds and pay them back while delivering attractive interest rates to lenders.
AAVE, the platform’s native token, currently trades at $82.98, marking an uptrend of 0.86% in the past 24 hours.
The biggest bullish news for AAVE is the upcoming launch of GHO, an overcollateralized dollar-backed stablecoin for the Aave Foundation. The crypto asset will not rely on any blockchain oracles, and it is expected to operate based on arbitrage, allowing users to redeem their tokens in case it depegs from the dollar.
AAVE holders will also be able to mint their GHO at discounted rates. GHO recently went through a technical audit that found no errors in its code.
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Dogecoin (DOGE)
The market’s leading meme coin, DOGE, has established itself as one of the most valuable crypto assets. And as its use cases continue to grow, so do its prospects.
DOGE currently trades at $0.0595, an uptrend of 1.75% in the past 24 hours.
The digital asset has been displaying impressive price movements for the past few weeks, with popular asset enthusiast Elon Musk set to complete his takeover of social media giant Twitter.
Also, data from CoinWarz shows that the hashrate for the token’s blockchain recently hit a seven-month high of about 815 terahashes per second (TH/s).
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Conclusion
Despite the current bear market, several assets continue to show promise of gains down the line. There are also new cryptos that could help investors earn.
Recently, one new cryptocurrency that's been dominating the news is the D2T token.
D2T, a new ERC-20 token that powers the operations of Dash 2 Trade, will enable users to enjoy access to high-quality market insights and analysis. This will allow them to make informed investment decisions. The platform is tapping into a growing need for reliable analytics and research in the market, and its D2T token could be the market's next big thing.
D2T tokens are available for purchase on presale at 0.0476 USDT.
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