Cryptocurrencies can bring many benefits to people worldwide. However, some cryptocurrencies have been criticized for their harmful environmental impact. Mainly, cryptocurrencies using the proof-of-work (PoW) consensus mechanism consume enormous amounts of electricity to operate. As a result, cryptocurrencies like Bitcoin have large carbon footprints that are detrimental to our planet.
One way to tackle the above problem is to use proof-of-stake (PoS) instead. An example of this approach is Ethereum, which switched from PoW to PoS last year, dramatically reducing the energy its blockchain consumes. However, the blockchain-based network IMPT has found another way of being greener in the crypto world. The IMPT project aims to build a decentralized platform for investing in initiatives and projects addressing climate change.
Additionally, the IMPT platform utilizes tokenization to allow for carbon trading. Participants in the IMPT carbon marketplace can use the IMPT token as the primary currency to pay for services or buy products from various affiliates. Users holding IMPT tokens can access premium services, including trading opportunities and exclusive non-fungible token (NFT) collectibles. For those interested in this token as an investment, we discuss its perspectives in the following IMPT price prediction for the coming years.
IMPT Overview
IMPT is an Ethereum-based token using smart contracts to ensure transparency in all investment transactions. As of October 31, 2023, IMPT was the 931st most valuable cryptocurrency by market capitalization, according to CoinMarketCap. The table below summarizes other relevant data for the same date.
IMPT Price History
The IMPT token hit the open market on December 15, 2022, at $0.019. This token’s price plummeted immediately after the launch, reaching $0.009 on December 18. Despite this sudden drop, the IMPT reached its all-time high of $0.02 on December 25. The IMPT ended 2022 trading at $0.015.
During the first half of 2023, the IMPT price steadily dropped, reaching its all-time low on May 15, 2023, at $0.003. After this historical low, IMPT regained value. On July 1, the IMPT price reached $0.012. Since then, the IMPT has been in a downtrend. As of October 31, it traded at around $0.004.
IMPT Price Prediction for 2024-2030
IMPT Price Prediction for 2024
The IMPT price will continue to expand in 2024. DigitalCoinPrice predicts an average price of $0.009, with a maximum of $0.01. TechNewsLeader and PricePrediction are more optimistic, with an average price of $0.011 and a maximum of $0.013. If IMPT reaches the upper price target, an investment in this token at the current $0.004 could yield a +225% gain.
IMPT Price Prediction for 2025
DigitalCoinPrice predicts an average and maximum IMPT price of $0.014 in 2025. TechNewsLeader forecasts an average price of $0.016, with a maximum of $0.019. PricePrediction agrees with the previous maximum IMPT price for 2025. Hence, if you invest in this token at the current price of $0.004, the value of your investment could grow by +375%.
IMPT Price Prediction for 2030
In the long run, the IMPT price will reach new highs. DigitalCoinPrice predicts an average and maximum price of $0.04, which doubles the current all-time high. TechNewsLeader and PricePrediction are much more optimistic, forecasting an average price of $0.11 and a maximum of $0.13. So, if the last prediction is correct, an IMPT investment at the current $0.004 could increase its value by +3,150% by 2030.
Conclusion
IMPT is an exciting blockchain project with the good intention of contributing to alleviating climate change and harmful environmental impact. However, there is skepticism about carbon tokenization and its effectiveness. Doubts about this project have probably prevented the IMPT token from taking off. But price predictions are optimistic, particularly for the long run. As always with cryptocurrencies, it would be better to research this token thoroughly before investing.
FAQs
Is IMPT a good investment?
It is not easy to answer. The IMPT token has performed poorly since it hit the open market. Although price predictions are optimistic about this asset’s future, you should invest carefully. If price predictions are correct, IMPT could be a profitable long-term investment.
How high can IMPT go?
According to PricePrediction, IMPT could trade at a maximum of $0.28 in 2032.
Where can I buy IMPT?
Several crypto exchanges list IMPT for trading. If you want to buy this token at competitive rates without hassle, you can use LetsExchange.io.
Disclaimer
Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.