The year-to-date trend for green cryptos remains very bullish. ADA has propelled 32%, and DOT witnessed a 37% surge, just to name a few
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We reached out to Ali Daylami, Head of Data Analytics at BITMarkets, to find out what's his approach to news that recent Elon Musk narration on sustainability may affect more "green" crypto.
Ali Daylami (BITMarkets): It's a great question. Environmentally-friendly cryptocurrencies like Cardano and Polkadot are great for the ecosystem; not that of just the crypto space, but our world as we know it.
Elon Musk has been a long advocate for sustainability and renewability. I don't believe that the initiatives of his teams at Tesla to build a sustainability master plan will go unnoticed. As more are becoming aware and concerned about our environment, green crypto projects have picked up steam.
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The year-to-date trend for green cryptos remains very bullish. ADA has propelled 32%, and DOT witnessed a 37% surge, just to name a few. I believe that if the public deems Musk’s whitepaper as feasible, the bullish trend will not only drive green cryptocurrencies upwards, but the crypto market as a whole.