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Bitcoin and Ethereum have seen huge price fluctuations over the past few days. The coins had to lose some of their value – but the loss of investor confidence was even more severe. Many are wondering: is the bull running? Is a new downturn starting? The new environmental coin Ecoterra (ECOTERRA), on the other hand, is able to affirm positively on the market: the project will soon break the mark of 3 million dollars in advance sales. What should investors know now?
Bitcoin and Ethereum: Bull Run Over?
Bitcoin failed again at the $30,000 mark: the digital asset was able to briefly move above it over the weekend, but then had to give up the gains again. again. Bitcoin’s failure to break above $30,000 is now fueling fears that a new downtrend could begin.
However, the popular pseudonymous analyst “el_crypto_prof” puts it in perspective. According to him, there is “no cause for concern”. The best trader of his almost 60,000 Twitter followers:
“I think $BTC is trying to test our patience.
No need to worry if you ask me.
The initial thought was to break the 30k level a little faster, but we could very well see a bounce before the FOMC event.
It wouldn’t be the first time.”
I think $BTC just trying to test our patience.
Nothing to worry about, if you ask me.
The original thought was that the 30k mark will break a little faster, but we may see a fake before the FOMC event.
It wouldn’t be the first time. pic.twitter.com/W5qEtLjaRb
— 𝕄𝕦𝕣𝕚𝕚𝕚𝕒𝕚𝕒𝕚𝕖𝕖 🧲 (@el_crypto_prof) May 1, 2023
However, it is not only the Bitcoin price that is leaking water, Ethereum is also paralyzed – and has been for weeks: In the middle of April, the advance passed over $ 2,000, but since then there was no dynamism on the smart contract platform. .
ETH is currently trading at $1,834 after falling 1% in the last 24 hours, looking aimless and directionless. Is the popular “Flippening” coming, where Ethereum occupies a place in the crypto ranking with Bitcoin? It seems more likely than ever.
Many other large cap cryptos are also falling – overall, the global crypto market cap is down 1.59% since yesterday. A good opportunity for many traders to position themselves – buying Bitcoin with a bank transfer, for example, is a convenient option.
But there are other high-quality options that are still predicted to be bullish in 2023 – for investors who find the price action in Bitcoin and Ethereum too honest right now. One of these alternatives: Ecoterra (ECOTERRA) – a new environmental foundation that is creating a sensation in the pre-sale.
Ecoterra: New Environmental Cryptocurrency Raises Nearly $3M
Because: Ecoterra (ECOTERRA) is based on a sustainable concept that is unique in this form. The idea behind Ecoterra: ECOTERRA is given to users who recycle their waste. This works in a simple and convenient way: The associated Recycle2Earn app allows you to scan your waste, sort it and take it to collection points in a traceable way.
For every kilogram of waste there is a certain amount of ECOTERRA at the end – and you can then trade, save or spend them. In short: Ecoterra is more than an innovative project – it is one of the most promising environmental solutions ever. Forecasts thus confirm the huge potential of Ecoterra’s bull run and consider even 100x possible!
Last updated May 2, 2023
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