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    Buterin says Terra recovery should target smaller holders

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    U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam

    U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam

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    NFT Marketplace OpenSea Flags Data Breach, Here’s What Was Leaked

    APE avoids broader market weakness

    Here’s Why Apecoin (APE) Price Is Skyrocketing Today

    ETH Whales Add Over $24 Million Worth Of Sandbox (SAND) Token

    The Sandbox Token (SAND) Eyes $1 On This Bullish Signal

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    Uniswap Labs Acquires NFT Startup Genie

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    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    NFT Collection Doodles Sees 400% Spike In Volumes On This

    NFT Collection Doodles Sees 400% Spike In Volumes On This

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    Play2Earn Expo Asia Coverage: Gala Music Takes Fans to Snoop Dogg BBQ

    Play2Earn Expo Asia Coverage: Gala Music Takes Fans to Snoop Dogg BBQ

    Ethereum’s Buterin Reveals Sobering Outlook For Corporate Metaverse Dreams

    Ethereum’s Buterin Reveals Sobering Outlook For Corporate Metaverse Dreams

    Top 10 Questions about Crypto and Metaverse Answered

    Top 10 Questions about Crypto and Metaverse Answered

    Southeast Europe Becoming a Hotbed of Metaverse Gaming 

    Southeast Europe Becoming a Hotbed of Metaverse Gaming 

    Instagram Expands NFT Integration With Flow Blockchain

    Instagram Expands NFT Integration With Flow Blockchain

    What's the Forecast for Web 3.0: Will We Have Weather in the Metaverse?

    What’s the Forecast for Web 3.0: Will We Have Weather in the Metaverse?

    NAS Academy to Launch Web3 Learning Library NFTs

    NAS Academy to Launch Web3 Learning Library NFTs

    Jim Carrey Auctions 'Goon in Moonlight' NFT on SuperRare

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    Mythical Games CEO: The Future of P2E is Play-and-Own

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  • Analysis
    Cardano

    Cardano Tests $0.51 Support – Can ADA Reach Safe Zone And Hit $0.67?

    Ethereum

    Ethereum Climbs To $1,900, Why $2K Could Be Next

    TA- Binance Coin Continues To Look Strong Despite Altcoins Shakeout

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    Monero Faces Pressure In Keeping Upward Pace – Will XMR Overcome Resistance?

    Bitcoin

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    TA- My Neighbor Alice Could Be Set For A Major Bounce

    TA- My Neighbor Alice Could Be Set For A Major Bounce

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    TA- STEPN (GMT) Could Be Set For A Major Rally After Bullish Signs

    bitcoin price support

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  • Learn About Crypto
    How to Find Lost Bitcoins: a Full Guide

    How to Find Lost Bitcoins: a Full Guide

    What Is Cardano (ADA)? 

    What Is Cardano (ADA)? 

    What Is Web 3.0?

    What Is Web 3.0?

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    Top 10 Best Ethereum Wallets 2022

    Helium Mining

    Helium Mining

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    Siacoin Price Prediction 2022 – 2031

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    Top Blockchain Events in 2022

    What Is MetaMask and How to Install It

    What Is MetaMask and How to Install It

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    What Is Polygon (MATIC)?

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    The Philippines halts virtual asset provider license applications

    The Philippines halts virtual asset provider license applications

    South Korea double downs on crypto regulation, arrests 3 people over illegal trading biz

    South Korea double downs on crypto regulation, arrests 3 people over illegal trading biz

    Mark Cuban faces class action lawsuit for promoting Voyager crypto products

    Mark Cuban faces class action lawsuit for promoting Voyager crypto products

    MakerDAO plans against sanctions from USDC exposure

    MakerDAO plans against sanctions from USDC exposure

    Former BitMEX Executive Faces Up to Five Years in Prison After Pleading Guilty to Violating Bank Secrecy Act

    Former BitMEX Executive Faces Up to Five Years in Prison After Pleading Guilty to Violating Bank Secrecy Act

    Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

    Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

    SEC orders Bloom Protocol to register BLT token as security or face $31M fine

    SEC orders Bloom Protocol to register BLT token as security or face $31M fine

    SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

    SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

    Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee

    Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee

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  • Home
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    • Altcoins
  • NFT’s
    Buterin says Terra recovery should target smaller holders

    Vitalik Buterin Wants To Upgrade NFTs, Crypto Community Opposes Proposal

    U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam

    U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam

    NFT Marketplace OpenSea Flags Data Breach, Here’s What Was Leaked

    NFT Marketplace OpenSea Flags Data Breach, Here’s What Was Leaked

    APE avoids broader market weakness

    Here’s Why Apecoin (APE) Price Is Skyrocketing Today

    ETH Whales Add Over $24 Million Worth Of Sandbox (SAND) Token

    The Sandbox Token (SAND) Eyes $1 On This Bullish Signal

    Uniswap Labs Acquires NFT Startup Genie

    Uniswap Labs Acquires NFT Startup Genie

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    NFT Collection Doodles Sees 400% Spike In Volumes On This

    NFT Collection Doodles Sees 400% Spike In Volumes On This

  • Metaverse
    Play2Earn Expo Asia Coverage: Gala Music Takes Fans to Snoop Dogg BBQ

    Play2Earn Expo Asia Coverage: Gala Music Takes Fans to Snoop Dogg BBQ

    Ethereum’s Buterin Reveals Sobering Outlook For Corporate Metaverse Dreams

    Ethereum’s Buterin Reveals Sobering Outlook For Corporate Metaverse Dreams

    Top 10 Questions about Crypto and Metaverse Answered

    Top 10 Questions about Crypto and Metaverse Answered

    Southeast Europe Becoming a Hotbed of Metaverse Gaming 

    Southeast Europe Becoming a Hotbed of Metaverse Gaming 

    Instagram Expands NFT Integration With Flow Blockchain

    Instagram Expands NFT Integration With Flow Blockchain

    What's the Forecast for Web 3.0: Will We Have Weather in the Metaverse?

    What’s the Forecast for Web 3.0: Will We Have Weather in the Metaverse?

    NAS Academy to Launch Web3 Learning Library NFTs

    NAS Academy to Launch Web3 Learning Library NFTs

    Jim Carrey Auctions 'Goon in Moonlight' NFT on SuperRare

    Jim Carrey Auctions ‘Goon in Moonlight’ NFT on SuperRare

    Mythical Games CEO: The Future of P2E is Play-and-Own

    Mythical Games CEO: The Future of P2E is Play-and-Own

  • Analysis
    Cardano

    Cardano Tests $0.51 Support – Can ADA Reach Safe Zone And Hit $0.67?

    Ethereum

    Ethereum Climbs To $1,900, Why $2K Could Be Next

    TA- Binance Coin Continues To Look Strong Despite Altcoins Shakeout

    TA- Binance Coin Continues To Look Strong Despite Altcoins Shakeout

    Monero

    Monero Faces Pressure In Keeping Upward Pace – Will XMR Overcome Resistance?

    Bitcoin

    Bitcoin Price Takes Hit, Why BTC Remains at Risk of More Losses

    TA- My Neighbor Alice Could Be Set For A Major Bounce

    TA- My Neighbor Alice Could Be Set For A Major Bounce

    TA- STEPN (GMT) Could Be Set For A Major Rally After Bullish Signs

    TA- STEPN (GMT) Could Be Set For A Major Rally After Bullish Signs

    bitcoin price support

    Has Bitcoin Price Found Support At A Decade-Long Trend Line?

    Bitcoin

    Bitcoin Price Holds Support, Why BTC Might Attempt Fresh Increase

  • Learn About Crypto
    How to Find Lost Bitcoins: a Full Guide

    How to Find Lost Bitcoins: a Full Guide

    What Is Cardano (ADA)? 

    What Is Cardano (ADA)? 

    What Is Web 3.0?

    What Is Web 3.0?

    Top 10 Best Ethereum Wallets 2022

    Top 10 Best Ethereum Wallets 2022

    Helium Mining

    Helium Mining

    Siacoin Price Prediction 2022 – 2031

    Siacoin Price Prediction 2022 – 2031

    Top Blockchain Events in 2022

    Top Blockchain Events in 2022

    What Is MetaMask and How to Install It

    What Is MetaMask and How to Install It

    What Is Polygon (MATIC)?

    What Is Polygon (MATIC)?

  • Regulation
    The Philippines halts virtual asset provider license applications

    The Philippines halts virtual asset provider license applications

    South Korea double downs on crypto regulation, arrests 3 people over illegal trading biz

    South Korea double downs on crypto regulation, arrests 3 people over illegal trading biz

    Mark Cuban faces class action lawsuit for promoting Voyager crypto products

    Mark Cuban faces class action lawsuit for promoting Voyager crypto products

    MakerDAO plans against sanctions from USDC exposure

    MakerDAO plans against sanctions from USDC exposure

    Former BitMEX Executive Faces Up to Five Years in Prison After Pleading Guilty to Violating Bank Secrecy Act

    Former BitMEX Executive Faces Up to Five Years in Prison After Pleading Guilty to Violating Bank Secrecy Act

    Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

    Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

    SEC orders Bloom Protocol to register BLT token as security or face $31M fine

    SEC orders Bloom Protocol to register BLT token as security or face $31M fine

    SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

    SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

    Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee

    Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee

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Algorand: Can news of its launch of carbon offsetting protocol revive its price action

April 24, 2022
in Altcoins
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Algorand: Can news of its launch of carbon offsetting protocol revive its price action
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One of the most significant issues in the crypto world is the impact it has on the environment. The likes of Bitcoin and Ethereum, which run energy-intensive proof-of-work consensus system, tend to increase the criticism.

However, to counter the same, there are chains such as Algorand as well that are coming up with ingenious methods to save the environment.

Algorand’s next step…

…towards its commitment to the environment includes the creation of a new self-sustaining smart contract that automatically allocates a portion of every transaction fee to offset its carbon emissions.

Being the first of its kind, it isn’t surprising since Algorand is also the first chain in the world to be carbon negative, thanks to the chain being truly proof of stake.

Last year in December, as reported by AMBCrypto, Solana had also achieved the status of being carbon neutral for 2021.

Although Solana is proof-of-work as well, its energy consumption per transaction of 1.9 kJ is far lesser than the likes of Ethereum and Bitcoin, which use 777 million and 7.41 billion Joules per transaction, respectively.

But despite being a pioneer of sorts in this field, Algorand’s investors aren’t reacting to the development the way they should be. 

Most of the investors are keeping to themselves and away from participating. On-chain daily active users have been within the 40k mark, with only a single spike noticed towards mid-February.

This is certainly because ALGO has not been the most lucrative asset in the recent few months. after marking its all-time high of $2.37 in September, the altcoin has only been falling and has plummeted by 69.69% in 7 months.

At the moment, it is trading close to its 14-month-long support falling below which could be catastrophic for investors.

Algorand price action | Source: TradingView – AMBCrypto

Over 93.73% of ALGO’s 11.99 million holders haven’t seen the sight of profits since March, which might also be the reason why over 10.4 million ALGO holding investors exited the market and are yet to come back. 

Algorand daily active investors | Source: Intotheblock – AMBCrypto

Although, in all fairness, looking at how the price is moving, it only seems fair for them to not put their money in this asset. The 10.95 million investors in peril would gladly back this up.

Algorand investors in loss | Source: Intotheblock – AMBCrypto

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