Recently the new crypto called The Green World (TGW) has attracted investors and people who respect the environment as the platform uses blockchain technology while being environmentally friendly. TGW is at the position 5123 in the list of existing cryptocurrencies and at the price of $0.6651, it rose by only 0.15% during the last 24 hours.
Having a comparatively modest market value of $79.81 million, The Green World is at the forefront of the new and promising sector of eco-friendly cryptos. This can be inferred from the direction that the project is taking, try as it might to camouflage it, regarding environmental sustainability.
TGW total 24 hours trading volume is $5,810, it has been increased up by 14.94% as compare to previous trading day. Although the volume is considerably low when compared to other coins with more significant market capitalization, the results represent a continuous demand for the token and its associated project.
Here is one of the main features of the limited supply structure associated with The Green World token. Currently, the total supply is 510 million TGW, while the project’s self-reported circulating supply is 120 million; the project has adopted a scarcity model that has the potential to generate sustainable value appreciation in the future. The fully diluted market cap is calculated at $339.21 million; that means there is a long way to further growth if the project is recognized and appreciated by the world.
It is using blockchain to develop solutions to environmental issues and sustainability opportunities as part of the Green World project. However, details of the project’s undertakings remain scarce; this is an encouraging sector of environmentally friendly cryptocurrencies that may have buoyed TGW.
Since dozens of new cryptocurrencies are much criticized using high amounts of electricity to mine such digital assets such as Bitcoin, new projects like The Green World are starting to get attention. TGW may employ decision making mechanisms that consume limited energy unlike other consensus mechanisms or try to counterbalance their impacts via carbon offsetting.
In recent years, the cryptocurrency community has witnessed the growth of green projects as more of them emerge. These initiatives vary from the digital assets that promote reforestation to the platforms that reward sustainable living. Green World also seems to be aligning itself within this increasingly emergent sector that focuses on at once opportunities for reasonable profitability as well as sustainability.
However, as the case is with the majority of cryptocurrencies available on the market, TGW should be approached with a certain amount of skepticism by potential investors. The cryptocurrency market is often characterized by high volatility, and far less popular assets ranked below the top 100 seem particularly exposed to sharp price movements. Moreover, the legal status of any cryptocurrencies, as well as those aimed at performing certain tasks like environmental preservation, is rather vague in most countries.
Nevertheless, thanks to the issue-oriented turns and constant rates of The Green World, this project can become very appealing for investors – to diversify their crypto investment with sustainability-related projects. Due to the world’s current situation regarding climate change and environmental pollution, cryptocurrencies associated with green energies might be a promising field for development.
The next several months will be defining for The Green World as the company targets its user base growth and showcasing tangible benefits of its sustainable activities. It is believed that the organization’s successful establishment of partnerships with environmental organizations, practical actions, and honest reporting on its activities will become a major factor in the project’s sustainability.
With the increased focus on implementing blockchain in various industries for environmental conservation, The Green World may well be an example of the future digital currencies that bring added value to tackling global environmental issues. So far, what is being seen in TGW is the notion that there remains a lucrative market for digital currencies that will act as agents of change in the world.
