Solana and Litecoin register a setback on a black day for crypto, whereas IMPT is bucking the trend.
Price analysis of Solana, Litecoin and IMPT crypto assets
Solana and Litecoin suffer on a bad day for crypto that sees no sunshine except for Aptos and IMPT.
The decentralized chain that relies on Proof of History, capable of 50,000 transactions per second, is suffering today.
SOL’s price has lost nearly 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) went up in value and then retraced.
Brave made it official by announcing in a tweet that as of today it would support Solana’s dApps.
In doing so, Brave enables the use of such tools and applications as Orca (Solana’s DEX), Jupiter, and Magic Eden (NFT platform).
Brave is also usable from smartphones in a very easy and intuitive way.
Litecoin follows in Solana’s footsteps – sharing its 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 outright.
The whales stocked up on Litecoin (LTC) by increasing their exposure on the token, which bodes well for the future.
IMPT is completely unrelated to the performance of the two aforementioned cryptos and is bucking the trend.
The token has appreciated 4.16% in the past 7 days but the real boom is today.
IMPT today gained 10.33% on a tense day in anticipation of the US CPI data.
As of today, the price of IMPT stands at €0.0097 per IMPT a good distance from its high of €0.0185.
The company was formed last year to offset carbon emissions that brings together entities that sell and companies that seek to remove carbon.
IMPT’s plan is to invest 50 million euros over ten years with 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 be made at locked-in prices, that is, with prices locked in when the agreement is signed.
This plan will result in offsetting as much as 12 million tons of carbon i.e., the carbon footprint of 2.6 million individuals.
Denis Creighton, chief executive of IMPT’s office spoke on the sidelines of the agreement as follows:
“We are excited 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.
An opportunity exists to bring the Web3 and commercial industries towards low carbon solutions, but there is still a lot of 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 daily lives.”
Thallo co-founder and CEO Ryan Gledhill echoes 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 into the market and will continue to grow.”