crypto: solana and litecoin fall, IMPT new queen
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Solana and Litecoin record a rebound on a dark day for crypto, while IMPT bucks the trend.
Price analysis of Solana, Litecoin and IMPT cryptoassets
Solana and Litecoin are suffering a bad day for crypto that sees no sunshine except for Aptos and IMPT.
Solana (SOL)
The decentralized chain that relies on Proof of History, which can perform 50,000 transactions per second, is suffering today.
SOL’s price has lost almost 10% this week and today was no different.
Compared to yesterday, Solana lost 1.73% to €19.58 per SOL.
As of today, there are 376,440,672,301 SOL in circulation.
The company recently announced a partnership with Brave that will integrate Solana’s dApps.
As soon as the deal was announced, both SOL and BAT (Brave) rose in value and then retreated.
Brave made it official by announcing in a tweet that starting today it would support Solana’s dApps.
By doing so, Brave enables the use of such tools and applications as Orca (Solanas DEX), Jupiter and Magic Eden (NFT platform).
Brave can also be used from smartphones in a very simple and intuitive way.
Litecoin (LTC)
Litecoin is following in Solana’s footsteps – sharing his fate, at least for now.
The crypto has lost 8.03% this week and continues to lose value today (-2.50%).
LTC is now worth €85.16 far from the all time high of €384.59.
As of today, there are 72,276,178,039 in circulation.
The price of LTC had skyrocketed at the beginning of the year and throughout the month of January it was bought directly.
The whales pumped up Litecoin (LTC) by increasing exposure to the token, which bodes well for the future.
IMPT (IMPT)
IMPT is completely unrelated to the performance of the two mentioned cryptos and bucks the trend.
The token has risen 4.16% in the last 7 days, but the real boom is today.
IMPT today rose 10.33% on a tense day in anticipation of US CPI data.
As of today, the price of IMPT stands at €0.0097 per IMPT, well off the high of €0.0185.
The company was formed last year to offset carbon emissions bringing together entities that sell and companies that seek to remove carbon.
IMPT’s plan is to invest 50 million euros over ten years which it will pay the Thallo company for carbon credits.
IMPT will reach the 50 million quota with several tranches of carbon credit purchases over a decade.
The purchases will take place at fixed prices, that is, with prices locked when the agreement is signed.
This plan will result in offsetting as much as 12 million tonnes of carbon, i.e. the carbon footprint of 2.6 million individuals.
Denis Creighton, Managing Director of IMPT’s office spoke on the sidelines of the deal as follows:
“We are pleased to partner with Thallo to obtain high-quality tokenized carbon credits for our protocol. We appreciate and share Thallo’s commitment to promoting transparency and integrity in the carbon credit market.
There is an opportunity to move Web3 and commercial industry towards low carbon solutions, but there is still much work to be done. Putting these credits in the hands of the community is the next step in realizing our vision of building a global network of people who want to do their part in the fight against climate change, by taking small actions in their everyday lives.”
Thallo co-founder and CEO Ryan Gledhill echoed Creighton with these words:
“Thallo’s innovative infrastructure allows innovators of the voluntary carbon market to access more and more registries with a simple integration model. The market is one of the most effective tools in the world to fight climate change. The innovative model of IMPT introduces a new segment of consumers in the market and will continue to grow.”
