As the Cardano price rises towards $0.55 and threatens a break back to last December’s highs in the $0.68 area, the spotlight is turning to an emerging green crypto project called eTukTuk.
The Cardano price rose through a downtrend that had been in play since December on Thursday.
It was last up around 2.3% in 24 hours around $0.54 as per CoinMarketCap.
If it can also break above its 50DMA in the $0.54s, the door is open for a surge towards $0.68.
That could mean near-term gains in the region of 25% for investors who buy Cardano now.
While Cardano price rises could deliver gains to investors, more and more investors are flocking to eTukTuk.
The sustainable transportation-focused web3 start-up’s $TUK token presale is cruising towards $1 million in funds raised.
eTukTuk is working on improving urban transportation in developing nations with electric vehicles and blockchain technology.
The protocol hopes to encourage tuk tuk drivers to go electric so they can join and benefit from eTukTuk’s blockchain-powered charging network.
$TUK tokens are currently available for $0.0265.
But this price is set to jump when the presale hits $1 million and enters its next stage.
What is eTukTuk?
Given how small and cheap they are to run, TukTuks are a key mode of transport for developing nations.
However, TukTuks are notorious for their high levels of pollution.
For example, a tiny TukTuk typically has higher CO2 emissions than a conventional automobile.
This not only hurts city residents in developing countries like Sri Lanka, but also contributes to global warming.
eTukTuk was set up to spearhead a transition to electric TukTuks.
The project seeks to do so in three key ways.
“Breakout crypto eTukTuk is working on improving urban transportation in developing nations with electric vehicles and blockchain technology.” – @cryptonews
Read more here: https://t.co/7hr62WePzm
— eTukTuk (@eTukTukio) February 8, 2024
Firstly, it will manufacture and distribute its own newly developed electric TukTuk.
Secondly, eTukTuk plans to build advanced electric vehicle charging networks across cities in developing countries.
Finally, eTukTuk will incorporate blockchain technology and a sharing economy model for security, efficiency, and scalability.
The platform also strives to offer digital identities and financial services, particularly to disadvantaged communities relying on TukTuks for transportation.
Cardano Price Rises Could Continue, But eTukTuk’s Upside Potential is Better
While Cardano price rises could continue as bullish sentiment continues to build, eTukTuk could offer much better upside prospects.
Investors should also note the project’s strong early momentum, which suggests a high chance of delivering its vision.
As noted, the eTukTuk token presale has already attracted huge demand in a short time.
eTukTuk will debut in Sri Lanka and is supported by one of the island’s most important companies, Capital Maharaja Group.
First established over 90 years ago, CMG has a deep pedigree in supporting technological improvements in Sri Lanka.
eTukTuk has also been blowing up on social media.
Its X account has over 43,000 followers, its Discord has over 6,000 and its Telegram has over 11,500.
A key indicator that traders monitoring new cryptos and looking to turn a quick profit look for is the strength of a new project’s community.
And eTukTuk has that in abundance.
Perhaps its no surprise then that respected crypto analysts like Clinix Crypto and Michael Wrubel are bullish on TUK’s future.
While TUK has the potential to deliver 10x gains to early investors, it also offers a compelling passive income stream.
Early presale investors also get the option to stake their newly acquired tokens for yields as high as 250%.
Introducing Buy and Stake mechanism, get $TUK tokens and instantly stake them, initiating a dynamic APY.
Early stakers enjoy higher returns as APY adjusts with participation, encouraging early adoption and a fair, enticing incentive structure for all. pic.twitter.com/pMrXEZzB3f
— eTukTuk (@eTukTukio) October 10, 2023
For instance, a $10,000 USD investment in $TUK tokens during the presale would fetch over 380,000 tokens. Staking those tokens would earn holders more than $1,000 per month in passive income at current APY!
With strong tokenomics and near-term income potential through staking, the $TUK presale offers an appealing way to gain exposure to eTukTuk early on while the project is still emerging.
Given its strong use case, backing, early momentum, and high yields, TUK could easily be the best new crypto on the market.
eTukTuk’s token presale could be one of 2024’s best.
$TUK is a BEP-20 standard token on the Binance Smart Chain network. The total supply is capped at 2 billion tokens.
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