Eco Coin Index [Infographic]

Elisabetta Minin https://tradersofcrypto.com 2m 484 #crypto

The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.

New research reveals the most valuable eco crypto coins – with a market cap of over $38 billions

A new study can today reveal the highest valued eco coins to invest in, with Cardano taking the top spot with a market cap of $38,054,391,213.

Crypto experts at Traders of Crypto carried out an analysis that looked at the low carbon coins that performed the best in 2021, to find the eco coins with the highest value by market capitalisation as well as the most sustainable coins according to Co2 emissions and electricity consumption.

Top 10 highest valued eco coins in 2021:

Rank	Eco Coin	Market Cap ($) 2021
1	Cardano	38,0 billions
2	Polkadot	29,8 billions
3	RIPPLE	25,0 billions
4	Stellar	9,0 billions
5	Filecoin	7,7 billions
6	Terra	7,3 billions
7	Solana	4,8 billions
8	TRON	4,5 billions
9	IOTA	3,95 billions
10	EOSIO	3,9 billions

Cardano was found to be the highest valued eco coin, reaching a market cap of $38,054,391,213 in 2021! The Cardano blockchain, like many other eco-friendly cryptocurrencies, operates on a proof-of-stake mechanism, a greener alternative to the power-hungry proof-of-work protocols used by Bitcoin and Ethereum.

Polkadot ranked second among the highest valued eco coins, with a market cap of $29,845,818,892. RIPPLE came in third, recording a market cap of $25,006,533,342 last year.

Top 10 coins with the lowest Co2 emission:

Rank	Eco Coin	Annual tons of Co2
1	Fantom	7
2	Terra	20
3	Stellar	37
4	Polkadot	50
5	Tezos	80
6	RIPPLE	300
7	Avalanche	340
8	Algorand	360
9	Cardano	400
10	Polygon	700

The study also looked at the coins with the lowest Co2 emission, and found that Fantom is the coin emitting the least amount of Co2 – only 7 tons per year. Thanks to its super-fast transaction times and energy-efficient software, Fantom’s carbon emissions are negligible compared to crypto giant Bitcoin’s whopping 114 mega tonnes annually.

The team at Traders of Crypto has provided a few tips to cut your crypto carbon footprint:

Invest in blockchain companies that focus on clean energy goals. The blockchain company Efforce, for example, invests in energy-efficiency projects, tokenises the energy saved as the cryptocurrency WOZX and distributes a share of these tokens to investors.
Invest in cryptocurrencies that use proof-of-stake protocols. Proof-of-stake uses far less computing power than other protocols as there are fewer participants in the network, meaning less energy is used and less e-waste is generated to validate transactions.
You can also cut their carbon footprint by putting their money into carbon offset tokens. Connecting carbon offsetting to cryptocurrency tokens means you can buy carbon credits from companies in order to fund carbon recapture projects. These offsets for cryptocurrencies could drive up demand and prices, meaning more money for investors and carbon reduction initiatives.

FURTHER FINDINGS:

Bitcoin and Ethereum use enough electricity to power a small country through their proof-of-work protocol, Cardano was revealed to be the most eco-friendly coin according to electricity consumption: it only uses 48,851 kilowatt-hours per year.
Algorand was found to have the second lowest energy consumption, only using 70,237 kilowatt-hours per year.

You can find the full research at the following link: https://tradersofcrypto.com/guides/eco-coin-index/

You can also download the graphics here.

(

Read Another Confession: Group Messaging At Work [Infographic]