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These are the Best Green Cryptocurrency to Invest in for 2023

Climate change and the attendant global warming have forced businesses to look inwards and change their strategies because no sector is spared in the collective effort to stem the effects of climate change. Sustainability has become the new buzzword and has penetrated every sector of the economy, including the world of cryptocurrencies.

The pioneer cryptocurrency Bitcoin came with several advantages: decentralized, privacy-oriented, seamless, borderless, etc. All these attributes are good but at a cost. Bitcoin mining consumes much energy because it uses a proof of work consensus mechanism. Due to this shortfall by pioneer cryptocurrencies like bitcoin, newer coins took a clue and are putting sustainability and green energy at the heart of cryptocurrency projects. 

This article identifies some of the best green cryptocurrencies in the market that potential investors who are not only concerned about profits can jump on. Those cryptos include C+Charge (CCHG), IMPT.io (IMPT), and Tamadoge (TAMA).

 Best Green CryptoCurrency to Invest in 2023

Due to the increasing demand for energy sustainability, more cryptocurrencies are implementing measures requiring low energy usage. Several cryptocurrencies have done well in the aspect of promoting low energy usage. Some of these currencies, like C+Charge, even facilitate access to carbon credits for other investors. Below is a quick rundown of the list of the best green cryptocurrencies to invest in 2022.  

  1. C+Charge (CCHG): The best green cryptocurrencies that provides transparency and rewards for EV drivers
  2. IMPT.io (IMPT): Making carbon credits transparent
  3. Tamadoge (TAMA): A low-energy ecosystem where people can buy, sell, and breed Tamadoge species
  4. Solana(SOL): Great cryptocurrency with very low energy consumption
  5. Algorand (ALGO): A master cryptocurrency that uses smart contracts to solve climate issues
  6. Polygon (MATIC): One of the few carbon-negative cryptocurrencies
  7. Ethereum: Most popular green cryptocurrency since its adoption of the proof of work consensus mechanism

A Detailed Examination of the Best Green Cryptocurrencies to Invest in 2023

Here’s a closer look at some of the best green cryptocurrencies to invest in 2023.

C+Charge (CCHG) – The best green cryptocurrencies that provides transparency and rewards for EV drivers

C+Charge (CCHG) is a new P2P payment system for EV charging stations that allows drivers to pay for electric vehicle charging using individual electronic wallets. There are a number of benefits to this new eco-friendly crypto project.

For one, it brings consistently and ease of use for the operators of EV charging stations. No longer is a POS system needed that can handle multiple types of payments. This also makes it easy for drivers who want to pay for EV charging, but may not like to use a credit card or other form of payment.

Based on the blockchain, C+Charge also provides transparency to the entire system. Traditional gas stations show drivers very clearly how much gas will cost them before they drive up. This isn’t the case with EV charging stations, as some drivers may not even figure out how much it costs until they finish charging. Users of the platform can see these prices right on the platform, allowing them to make informed decisions on where they’d like to charge up.

What’s more, C+Charge rewards EV drivers with access to carbon credits, which traditionally have only been available to wealthy people or business owners. This is a great way to reward people who are doing great things for the environment by driving EVs in the first place. It incentivizes them to use C+Charge as their method of payment.

Since the system all uses the $CCHG token as its currency, it’s likely to soar in value in 2023 and beyond. C+Charge is currently in early presale stages, making now the best time to buy it as an amazing investment opportunity.

C+Charge presale

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IMPT.io (IMPT) – Making Carbon Credits Transparent

The carbon offset credit market is a huge factor in the fight for the world to achieve its ambitious climate change goals. The problem is that, until now, it has been transparent and ripe for fraud.

IMPT.io (IMPT) is changing all that by bringing the market to the blockchain. In doing so, it’s making it transparent, which helps to prevent against double counting and fraud. Users can buy, sell and retire carbon credits right from the platform. Those who retire credits will receive a collectible NFT designed by a well-known artist that can then be exchanged on third-party sites. This brings a ton of value to the IMPT token.

What’s more, uses can give back to the earth just by making purchases at any of the 10,000 brand partners IMPT has. These partners have all committed to providing a percentage of their sales through the IMPT app or web widget to eco-friendly projects around the world that IMPT has vetted.

IMPT had a very successful presale that’s over now, and it’s listed on four impressive CEXs – LBank, Gate, Uniswap and BitMart. Buy now before the price goes through the roof on this impressive eco-friendly crypto project.

IMPT

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Tamadoge (TAMA) – A top green  play to earn platform

Tamadoge is a great play-to-earn platform that provides users with a wide range of experiences using TAMA as its in-game crypto. The platform allows users to grow Tamadoge species in the Tamaverse ecosystem. It also allows selling and buying from others. 

Interestingly, Tamadoge is backed by the recently adopted Ethereum’s proof-of-stake consensus system, which makes it carbon neutral. This implies that the project is optimized to reduce carbon emissions in our environment. There has been an increased demand for Tamadoge due to its growth potential as a sustainable coin and a cool means to earn passive income. More so, the token is now listed on popular exchange platforms like OKX, MEXC, and Lbank, with more listings expected soon. You can’t afford to miss out on this project.

TamaDoge

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Solana(SOL) – Great cryptocurrency with very low energy consumption

Most crypto ecosystems face the scalability issue; that’s not Solana. Solana is one of the most trending and greatest cryptocurrencies that is highly useful in creating powerful applications.

Solana uses a hybrid consensus agreement known as proof work and proof of history mechanism. This makes it highly effective, scalable, and energy efficient. For example, the Solana ecosystem can comfortably handle about 65k transactions per second. This number is far higher than popular cryptocurrencies like Ethereum and Bitcoin.

Because of its scalability advantage and low energy usage, Solana can be used to deploy powerful applications with real-world use cases. Solana’s use of a hybrid consensus mechanism has made transactions in the ecosystem carbon neutral; for example, an average transaction on Solana consumes less than 3000 joules of energy.

solana

 Algorand (ALGO) – A master cryptocurrency that uses smart contracts to solve climate issues

Algorand is another great cryptocurrency to look into. Designed by a Turing-winning professor, Algorand uses a Pure Proof of stake consensus mechanism to determine who can validate a transaction in the ecosystem. 

Although the Algorand ecosystem has a bit of bias for higher stakers, it also allows open space for all stakers, regardless of strength, to participate in validating transactions in the ecosystem. Algorand is a high-utility token and definitely one of the best green currencies to look into in 2023 and beyond.

Algorand (ALGO)

 Polygon (MATIC) — Energy efficient and advanced proof of stake-based cryptocurrency 

Polygon is another important green cryptocurrency with great prospects. Many people believe that it is the greenest cryptocurrency out there. Polygon uses an advanced proof of stake mechanism that increases its scalability and energy efficiency. 

For example, Polygon’s entire network consumes just about 0.00079 TWh per year, in contrast to Bitcoin, which consumes over 100 TWh per year. Last year Polygon unveiled a sustainability masterplan that involves a pledge by Polygon developers to commit over $ 20 million to environmental programs and go carbon negative.

Polygon allows Dapps to have a transaction processing capacity of about 65,000 transactions per second, allowing many decentralized applications to be run on the ecosystem.

polygon (matic)

 Ethereum — The second most popular cryptocurrency after bitcoin that powers most of the blockchain ecosystem

 Ethereum is arguably one of the best go-to cryptocurrencies to invest in, not only because of the potential to gain huge profits but because of the versatility of the Ethereum blockchain because Ethereum blockchain is the powerhouse where most Dapps and Defi products are hosted. Regarding its sustainability and green energy efforts, the Ethereum platform recently moved to a proof of stake consensus mechanism, which has minimized the entire network’s total carbon footprint by over 90%.

Ethereum

Conclusion

There are several options when it comes to investment in the cryptocurrency space, and we have identified some of the best green cryptocurrencies in this post. We hope with this, you can make the right decision to choose a profitable and sustainable crypto investment option.