$5 Million and Counting: Ecoterra, Ethereum, and Ripple Making Waves in the Crypto Market

How are the Ecoterra, Ethereum (ETH) and Ripple (XRP) coins performing within the crypto market?

Let’s look below at an analysis of the latest prices and news regarding them.

The Ecoterra cryptocurrency presale project is reaching its final stage, offering a limited opportunity before the green token becomes available on exchanges.

Over $5 million invested in ECOTERRA tokens

In phase eight of the presale, at a price of $0.00925, more than $5 million has been invested in ECOTERRA tokens since the project was launched a few weeks ago.

Currently, the total reaches about $4.815 million, with less than $900 remaining before the presale enters its final phase, which will result in an 8% price increase to $0.01.

The remaining distribution of tokens is divided among cash (25%), marketing (10%), shares (5%), teams (5%), and corporate adoption (5%). However, these tokens can have lock-up and maturation periods ranging from three months to three years.

The Ecoterra team has been fully identified (doxxed) and passed the KYC (Know Your Customer) verification process. In addition, the smart token contract has been verified by CertiK, providing further assurance of security and transparency.

We also see that crypto analyst Jacob Crypto Bury recently made an optimistic prediction about the token’s potential when it is listed in the coming times, suggesting that it could achieve significant results.

Not surprisingly, prominent global brands such as Vittel, Coca-Cola, Carlsberg and Evian are collaborating with Ecoterra, which has developed its innovative “Recycle-to-Earn” concept to enable users to earn rewards simply by recycling household waste.

Recycle-to-Earn represents a simple yet innovative Web3 concept through which Ecoterra users can earn ECOTERRA tokens by recycling plastic, glass, cardboard, and other everyday items.

The Ecoterra app is available globally and offers users a simple process for recycling their waste, such as plastic bottles.

In fact, users can take their waste, including plastic containers, to a reverse vending machine (RVM), found in many supermarkets around the world.

Santiment’s analysis of the Ethereum crypto: ETH supply declining on exchanges

According to a recent tweet from market analysis platform Santiment, Ethereum (ETH) is experiencing supply compliance on exchanges despite failing to maintain its value at $1,900.

In addition, average transaction fees have returned to levels seen in March of this year, just before the altcoin’s rapid rise in price to $2,100.

Thus, this combination of factors suggests a possible change in market dynamics for Ethereum.

Indeed, although the stability of ETH prices is uncertain, the reduced supply on exchanges and the return to normal fees may indicate increased confidence and activity in the Ethereum network.

In related news, CoinMarketCap also reported that most of the top 10 cryptocurrencies posted losses after a brief period of relief for the markets in recent days.

ETH has been no exception, as the altcoin has seen a 1.43% price drop in the past 24 hours, bringing it to trade at $1,883.56.

However, despite the latest price drop, the weekly performance of the altcoin remains firmly positive, up 12.76%.

From a technical perspective, the price of ETH managed to break above the key resistance level at $1,900 during yesterday’s trading session, but failed to close the session above that significant value.

However, technical indicators suggest that the altcoin price may attempt to reverse the level into support in the next 24-48 hours.

Focus on the price of Ripple (XRP): how it compares with crypto assets Ecoterra and Ethereum

Brad Garlinghouse, CEO of Ripple, recently expressed his pride on Twitter over Ripple’s approval by the Monetary Authority of Singapore (MAS) for a MAS MPI (Major Payment Institution) license for its digital payment token services.

In his tweet, Garlinghouse acknowledged Singapore’s prominent role as a global financial center and praised its pragmatic and innovation-oriented approach to cryptocurrencies.

He also pointed out that Ripple is among a select group of less than 20 companies that have received this approval, highlighting the importance of this achievement.

On the other hand, John Deaton also stressed the importance of this development, but was surprised that this news did not result in a significant increase in the price of XRP: