Bitcoin was declared the most polluting crypto of 2022

This morning, January 11, Bitcoin (BTC) remains bullish but faces strong resistance at $17,500, the limit at a price of $17,454 for an increase of 1.2% over 24 hours. Likewise, the price ofEthereum (ETH) is consolidating in a tight range of $1,320-$1,345, with a price of $1,335, up 0.6% on the day.

of Cryptocurrency market as a whole rises 1% compared to yesterday, marking a total capitalization of 857 billion dollars.

Bitcoin has been awarded the title of the most polluting crypto of 2022

According to a survey conducted by a Luxembourg-based exchange and education site, Bitcoin is the most polluting cryptocurrency in the world in 2022emitting approx one ton of carbon dioxide (CO2) for each transaction. After a reduction in pollution in 2021, the Bitcoin network saw a significant increase in CO₂ emissions last year, according to published analysis.

In 2022, the total CO₂ emissions of the Bitcoin network reached nearly 86.3 million tons. According to the exchange platform, 431.6 million trees should be planted per year to be able to offset Bitcoin’s annual CO₂ emissions.

The growing trend of Bitcoin miners switching to greener energy sources has been overlooked in research, however. The Bitcoin Mining Council predicts that by the end of the third quarter of 2022, the percentage of renewable energy used in Bitcoin mining will have increased to 59.4%, up from 58.6% a year ago. This suggests prospects for improvement in the coming years.

The price of bitcoin

of Bitcoin currently traded in $17,454, with a 24-hour trading volume of $16 billion. Bitcoin experienced a minor pullback after failing to break the $17,500 resistance level. It is now gathering an immediate support level at $17,200.

In case break above the $17,500 level BTC could see its price evolve to the next resistance level of $17,800. Within the span of 4 hours, the price of Bitcoin appeared current investor indecision who wait for a strong reason to determine the next move in the market.

Bitcoin Price Chart – Source: Tradingview

In case of a downward move, the $17,200 level should act as a price support, the downside of which could extend the downtrend to the next support level at $16,800 or $16,650.

Ethereum price

of current price of ethereum is $1,335, with a 24-hour trading volume of $5.6 billion. The ETH/USD pair is facing significant resistance around the $1,344 level during the 4-hour time frame, which is extended by a double-top setup.

If the $1,345 level were breached, ETH price can move to the next resistance area of ​​$1,370. Current course chart setup supports the possibility of a significant increase.

Ethereum Price Chart – Source: Tradingview

On the other hand, if a downtrend were to emerge, the price of ETH could find support around $1,315, and a break of this level could see further selling of ETH at $1,275. However, today’s uptrend is still dominantso try to look for buying opportunities.

Other high profit cryptos

The global cryptocurrency market is uncertain, but several new cryptocurrencies are making headlines. Let’s explore the opportunity to take advantage of it!

Fight Out

platforms STRUGGLE (FGHT) works in the same way as a personal sports trainer, except that the FGHT symbol is the reward given for exercise periods. All activities are recorded and can be used to improve the stats of his metaverse avatar. The possibility of earn FGHT tokens adds an extra incentive for people to stay healthy and exercise while enjoying the benefits of blockchain technology.

Despite the general lack of liquidity in the cryptocurrency market, Fight Out was successful and attracted investors. Thanks to its token sale, which began last week, it already has raised over $2.8 million. The current selling price is FGHT 60.06 per $1 (FGHT can be bought with ETH or USDT), but this will increase as the sale progresses.

Dash 2 Trade (D2T)

Aries 2 Trade which will start in early 2023, will be one Ethereum based platform that will provide real-time statistics and social trading data. Among the initial features will be trading signals, on-chain statistics, strategy building tools and news feeds, allowing both novice and expert traders to stay on top of the volatile bitcoin market.

The creators of Dash 2 Trade showed great foresight by securing listings on multiple exchanges even before D2T was launched. of January 11 10:00 UTCcryptocurrency will be available on BitMart, Gate.io, LBank and Uniswap.

C+Charge (CCHG)

C+Charge (CCHG) Is one Binance Chain based peer-to-peer payment system for electric vehicle charging stations (VE). Its aim, which should start in the second quarter of next year, is to increase access to carbon credits by rewarding consumers who charge their electric vehicles at its terminals.

According to forecasters, the project has potential as it will benefit from the expected significant development of the carbon credit market. Coherent Market Insights believes that the market will be worth over $2.4 trillion by 2027from about 211.5 billion dollars in 2019.

For C+Charge, the opportunity to earn carbon credits is an additional incentive to accelerate the already rapid transition to electric vehicles. The voluntary credit market (VCM) is expected to reach $100 billion by 2030, and analysts believe that startups like C+Charge will play a major role in this expansion. Until now, the presale has so far raised $244,700.

Find the best price to buy/sell cryptocurrency

Cryptocurrency Price Tracker – Source: Crypto news

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