Axie Infinity Faces SEC Lawsuit, Calling AXS a Security – But Green Crypto Ecoterra Raises $5 Million, Potential for 100x Growth in 2023?

AXS (Axie Infinity Shards) had a disastrous week, with its value plummeting by more than 30%, hitting a near two-year low of under $5 per token. Following lawsuits against Coinbase and Binance, the Securities and Exchange Commission (SEC) labeled AXS and several other major cryptocurrencies as securities. Investors and the company’s performance were negatively affected by this setback for AXS and its play-to-earn gaming ecosystem. 

AXS Faces Regulatory Scrutiny and Delisting Threat Amid SEC Lawsuits

Securities in the U.S. are subject to stricter regulations than non-security assets. AXS’s classification as security is still undecided and will be decided by US courts. 

The possibility of increased regulation in the future may make crypto platforms in the US remove AXS. AXS could suffer from reduced demand and liquidity.

AXS could drop further, possibly reaching its lows from May/June 2021, which were below $3.0. Around 40% of current levels and approximately 97% of 2021 highs would be lost.

AXS Token’s Downfall: From Highs to Zero?

Some experts say the significant decline in AXS’ price might lead to its zero price.

While AXS could reach zero, it’s unlikely, given the game’s ongoing development and the team’s commitment to the roadmap. Short-term, AXS doesn’t look great.

Meanwhile, Ecoterra, a new eco-friendly crypto project, has some good news.

With $ECOTERRA, Ecoterra wants to build a comprehensive web3 ecosystem. Their whitepaper introduces a Recycle-to-Earn (R2E) system to promote recycling, facilitate trade in recycled materials, and inspire individuals and businesses to offset their carbon footprints.

The presale of $ECOTERRA tokens exceeded $5 million, indicating strong support for the project’s vision.

Presale momentum is expected to grow as more users can try out the R2E demo.

Ecoterra, an environmentally conscious web3 project, will be crucial in addressing climate change globally as crypto adoption grows.

The ongoing crypto presale for Ecoterra’s platform development is a big success because of its success.

Green Solutions on the Blockchain: Unveiling the Mechanics of Ecoterra

Ecoterra uses blockchain technology to incentivize recycling, facilitate carbon offsetting, and track environmental impact transparently.

Whenever users recycle, Ecoterra rewards them with its native $ECOTERRA crypto token in the form of rewards.  

Ecoterra’s R2E app is available in countries with Reverse Vending Machines (RVMs), expanding its potential market.

Through the platform, individuals and businesses can easily offset their carbon footprints.

ECOTERRA also offers a marketplace where businesses can buy recycled goods with $ECOTERRA or other cryptocurrencies.

Ecoterra lets businesses and individuals track their eco-friendly practices with an Impact Trackable Profile, powered by blockchain transparency.

According to observers, this feature will be especially popular among environmentally-conscious companies.

$ECOTERRA’s 100x Growth: A Promising Outlook for 2023

Ecoterra’s platform powers $ECOTERRA, so it has intrinsic value. With $ECOTERRA, you get special privileges like VIP access to real-world events and education programs.

As part of Ecoterra’s future plans, $ECOTERRA holders can earn passive income by staking their tokens, providing another incentive for investors to hold onto the token.

$ECOTERRA has a total supply of two billion tokens, 50% of them going to presale investors.

20% goes to ecosystem liquidity, 10% to listings and marketing, 5% to corporate adoption, and 5% to the team.

Experts are optimistic about the potential of $ECOTERRA, a green web3 project addressing climate change.

Analysts are bullish on the project, even though they expect 100x gains by 2023.

Jacob Crypto Bury thinks $ECOTERRA’s launch on cryptocurrency exchanges later this year could lead to a 10x increase. Analysts think the value will increase significantly in the next few years. Additionally, they hope it will increase the adoption rate so that more people will use it. ECOTERRA’s value could go up a lot.