The simple answer to the question 'what are meme coins' is that they are coins inspired by a joke on existing popular cryptocurrencies.

Most meme coins are short-term gain coins, meaning they are not coins you should hold for long. Instead, the deal is to buy and sell off once you make your gain.

Many meme coins are currently on the crypto market, including [Dogecoin](/coins/doge), Shiba Inu, Safemoon, and Kishu Inu.
Why sell off the meme coins so fast, you may ask. Though most meme coins are gain-making coins, they cannot be trusted. Meme coins have an intense volatility volume, and they cannot be predicted at all. A meme coin may be down one minute then rise so high the next - and this goes both ways.

To invest in meme coins, you must be fully watchful, cautious, and know when to pull out your investment. Meme coins have made cryptocurrency investors millionaires, but many have also suffered significant losses.
[Fear of missing out (FOMO)](https://blog.switchere.com/what-is-fomo-crypto-a-brief-explanation-definition/) and greed are two traits you shouldn't have when investing in meme coins, or really in any coin in the crypto space.

The value of a meme coin comes from the number of people that value it. The coins are often meaningless and with no purpose, but most have the capacity to make investors richer quickly. Or poorer.
You could call them surprise coins as that's what they do; they are full of surprises, both negative and positive.

## Are Meme Coins Worthwhile Investments?

Anything that brings a profit is worthwhile, but in the case of meme coins, you have to be thinking short term. You must be on your toes all through the period of investing.

Whether you choose meme coins or not, investing in cryptocurrencies can involve risk and requires a high level of care. It is essential to DYOR (do your own research).

Also, remember that some meme coin offerings are scams. There have been many cases of scam coins being pumped high at the beginning and then dumped, so the value dips quickly and catches investors out.
Be on the safe side: DYOR and invest wisely.

## General View of Meme Coins

A lot of people think very little about meme coins. When the trend began, serious crypto investors ignored them as a waste of time. However, that attitude has changed due to the spectacular profits some of these coins have made people.

## Conclusion 

If you choose to invest in meme coins, understand that they are highly volatile and come with risk. Do your research and invest carefully.


Meme Coins Explained

What amount of energy does the Luna crypto consume during transactions? There are concerns about [Luna](https://coinmarketcap.com/currencies/terra-luna/) crypto's sustainability; how safe is the coin? A sustainable coin is friendly to its environment. Read on to know more about the Luna crypto. 

Terra Luna is one of the largest cryptocurrencies in the crypto market, meaning that many transactions are made on it. So the big question is, how environmentally friendly is the Luna crypto? Concerns about the sustainability of this cryptocurrency are gradually coming up. A coin this large should be a sustainable coin or at least work towards achieving it. 

To understand this article fully, you need to know what sustainability in cryptocurrency means. So here’s a brief definition of what a sustainable cryptocurrency means. 

## Understanding what sustainable coin means

Sustainability in cryptocurrency refers to a sustainable coin with less carbon footprint and low energy-consuming transactions. 
The carbon footprint has a terrible impact on the environment. Some of these effects are its negative contributions to urban air pollution, climate change caused by humans, acid rain, and more. This is really bad, right?

I have a friend who believes that everything in life has two sides: the good and the bad. It looks like his theory applies to cryptocurrencies. Cryptocurrency has made many people millionaires, but it has also harmed the environment greatly. But in the case of sustainability, not all coins are bad; some of the coins are sustainable, meaning they are less harmful to their environment. So is Luna crypto one of the good coins?

## What is Luna?

Luna is a native token of the Terra network. It was created with a stable coin known as UST, the most popular stable coin currently. 
Terra Money white paper (Terra Money): Stability and Adoption was published in April 2019, and it posits that:
While many see the benefits of a price-stable cryptocurrency that combines the best of both fiat and Bitcoin, few have a clear plan to adopt such a currency.

“Since the value of a currency as a medium of exchange is mainly driven by its network effects, a successful new digital currency needs to maximise adoption in order to become useful. We propose a cryptocurrency, Terra, which is both price-stable and growth-driven.”
According to Terra’s white paper, the reason for creating Luna was to carry out what Bitcoin was initially going for, a peer-to-peer electronic cash system. 

## Understanding Luna

Terra Luna has really gone a long way, considering where it started from, hence my reason for initially calling it one of the largest cryptocurrencies in the crypto market. The Luna crypto was initially known for ensuring that stablecoins remain stable. However, it is now part of the most potential coins in the crypto space while still helping to maintain the stablecoins.

2021 was a stepping stone for Terra Luna. It started the year with less than a dollar price and ended it with about $89. On March 9, 2022, Luna reached an all-time high of $104.58. 

The more popular a coin gets, the more people want to know about them. The awareness for crypto sustainability became stronger when Elon Musk announced, in 2021, that due to Bitcoin’s detrimental environmental impact, making payments to Tesla with Bitcoin would be stopped. This led people to start questioning the sustainability of other notable coins, like the Luna crypto. 

Sustainability is a delicate matter and one that comes to light at every slight opportunity, considering how important it is to the world at large.
Is the Luna crypto Eco-friendly?

On the Terra network, validators verify transactions based on the number of coins they hold, meaning that the network uses a proof of stake model. The use of this model consumes less energy than other models, and this makes the Luna crypto eco-friendly.
The Proof of Work (PoW) model is more energy-consuming than the Proof of Stake (POS) model. The PoW model can only be run on high-tech computers that can solve complex algorithms to convert the bundle into a block and add it to the blockchain. This requires a lot of energy. 

Notable organisations are now rejecting non-eco-friendly cryptocurrencies, and Luna remains relevant due to its safe nature. 
The most non-eco-friendly cryptocurrencies are those that require mining. Mining requires a lot of energy which leads to a high level of carbon footprint. Examples of mined cryptocurrencies are Bitcoin and [Litecoin](/coins/ltc). Terra Luna is not a mine, meaning there is no use for the PoW model as it consumes so much energy. 

## Does Terra Luna make any impact in society?

Cryptocurrency is a free space without regulation. No higher powers are guiding the different crypto companies, and neither is the government involved. Some cryptocurrency companies take advantage of the lack of regulation and act as they please, mostly unethical, while some believe in morals and high positive standards. The Luna crypto team is part of those with good moral standards. 

Terra Luna gives back to back to society. Firstly the fact that they use PoS rather than PoW. PoS does not just use less energy during the transaction. This helps conserve energy and save a lot of money and time for the investors. Operating a high-level tech computer requires a significant amount, but the case is entirely different with Terra Luna.

## What Makes Terra stand out?

Terra is an independent PoS model blockchain, unlike some blockchain networks. Terra Luna is a Layer-1 blockchain, and it comes with lots of benefits.

Terra Luna offers a strong foundation for the growth of stable coins. It also serves as a secure and safe mode of structured payment or for creating a blockchain contract.

A Recap of What Makes Luna Crypto Sustainable
The Luna crypto is a sustainable coin, and it is surely friendly. Why do I say this?
1.	Energy Consumption: Terra Luna uses the power of the stacking POS model, meaning it consumes less energy. Carbon Footprint: Terra Luna crypto uses a few hundred machines to power the Terra network. Although it still produces a carbon footprint but not so much and not as much as most cryptocurrencies.
2.	Eco initiatives: Terra Luna has a foundation created to help impact positively in their environment. 
Generally, cryptocurrencies have impacted the world at large, some in a positive way and some others in a negative way. Acting right is an organisation without regulation that requires a high level of restraint and discipline, and the Luna crypto has both. 

## Is Luna Crypto More Sustainable than Bitcoin?

This question regarding the sustainability of the Luna crypto is asked a lot. Well, the fact is that the two cryptocurrencies cannot be compared to each other in this way, as Terra Luna is by far more of a sustainable coin than Bitcoin. 
Bitcoin has a large number of infrastructures and uses thousands of machines to run its network, meaning that the carbon footprint would be on the high side. 

Second, Bitcoin is created through mining, and the mining process for the coin requires supercomputers. Using supercomputers requires much power. High-level consumption of energy is bad for the environment. 
When it comes to eco-initiatives, the fact that Bitcoin gives back a lot to society cannot be disputed. However, so does Terra Luna.
Terra Luna conserves energy because it uses fewer machines to run its blockchain network, and the Luna crypto is not mined. It uses the power of stacking model PoS, which uses way lesser energy when compared to Bitcoin. 

Terra Luna crypto is more sustainable than Bitcoin, but that is not the case here. All cryptocurrencies should achieve sustainability to make our world livable for all of us. 

## What does the future hold for Terra Luna crypto?

Certainly, this will be the question on the minds of many, including me. A company as innovative as Terra probably already has laid down a plan for its future. 

The world is watching and taking the need for cryptocurrency sustainability pretty seriously. Notable organisations like Mozilla and Wikipedia have already stopped accepting payments with cryptocurrencies that are not sustainable, putting all cryptocurrency companies on their toes.
Hopefully, the Luna crypto will continue to be a sustainable coin and even improve more as an eco-friendly cryptocurrency. 
Green digital payments are very much possible for businesses; with time, they will be widely adopted with all cryptocurrencies, and our environments will become healthier for us.


cryptocurrency luna coin with image of modern office building in background

Is Luna Crypto a Sustainable Coin?

Is free [Bitcoin](/coins/btc) mining a scam? Is it possible to mine Bitcoins by playing free Bitcoin mining games? Here are 11 free Bitcoin mining games you can play to win Bitcoins.

1.	Roller Coin
2.	CryptoPop
3.	CropBytes
4.	Bitcoin Bounce
5.	Bitcoin Food Fight
6.	Crypto Planet
7.	Bitcoin Blast
8.	Bitcoin Solitaire
9.	Alien Run
10.	Bitcoin Blocks
11.	CryptoWin 
 
Mining Bitcoin has been made accessible and achievable for you. Read on to find out more about these games and how they work.

## What is Bitcoin?

Bitcoin, also known as BTC, is the largest and most popular cryptocurrency in the crypto space. It was created in 2008 by Satoshi, an anonymous person who remains anonymous. Bitcoin is simply digital money whose transactions cannot be traced, but are considered safe, just like other cryptocurrencies. 

## What is Bitcoin Mining?

Bitcoin mining is simply a way of creating new Bitcoins, and it serves as a form of maintenance for the coin’s network. Bitcoin mining is usually a challenging process that involves solving complex cryptographic calculations. And this often requires the use of high-level computer systems. 

If mining Bitcoin is tough, how possible is it then to get Bitcoin by playing free Bitcoin mining games? After reading about Bitcoin mining, this is probably the question on your mind. 
It is entirely possible to mine Bitcoin for free just by playing games. You should be aware that these games are not random; they were specifically created for mining coins.

Please note that Bitcoin isn’t the only cryptocurrency mined by playing free games. It is also important to know that not all coins are created by mining. 

## 11 Free Bitcoin Mining Games

Here’s a list of carefully selected free Bitcoin mining games you can play and win actual Bitcoins. 
Bitcoin mining is made easy with these play-free play-to-earn games. Why just play games on your mobile when you can actually play and earn at the same time? In no particular order:

1.	Roller Coin: This is an online virtual Bitcoin mining game. Players compete against their friends to mine Bitcoins. This mining process is fun and easy compared to the primary mining process. You get to complete missions, and tasks and, most of all, play a fun game to build your mining empire. You just need to sign up, log in, and customise your character. Nothing complicated, just an easy play-to-earn game, and you get to win actual Bitcoin. 

2.	CryptoPop: Who says Bitcoin mining has to be difficult? There is no use mining the hard way when you can enjoy yourself while earning notable cryptocurrencies. The game is almost like candy crush, but instead of candies you have to tap on some group of cryptocurrencies to pop them. Points are added depending on how many pins you pop in one tap. To start playing the game, you need to input your Coinbase email address in the wallet section to record your points. Once you have gotten enough points, it’s time to get paid. 

3.	CropBytes: If you played the popular Farmville game in the past, then this is your chance to earn big from this game. Like Farmville, you need to grow, harvest your crops, feed your farm animals, that is, your livestock, and then collect products from them. The products collected from your livestock, such as milk and eggs. It can be traded for crypto, and you also need to reinvest in the farm to keep it running and earn more money. To play the game, you first need to sign up, then to withdraw your earnings, you need to send your wallet address to the game's support link.

4.	Bitcoin Bounce: As the name indicates, this is a game that involves bouncing, in the sense that you have to bounce from one platform to another without falling. You also need to pick up all the power-ups you find along the way to help you survive longer.

5.	Crypto Planet: The game is about mining crystals; all you need to do is activate the digger and leave it for eight hours, then come after to claim your crystals. These resources can now be used to buy Space Chests from the game shop, which you'll need to earn real cryptocurrencies. You will earn more cryptos at the end of the day as you mine more crystals from planets. The trick to earning more crystals faster is to incubate some, and you’ll get more after a few hours. Also, there are daily quests to harvest more crystals and get more Space Chests. Cryptocurrencies earned are stored in the in-game wallet. You can be able to withdraw once you reach the withdrawal limit. Your earnings can also be transferred to any supported external wallet.

6.	Bitcoin Food Fight: In Bitcoin Food Fight, the fight is not against other people, but rather against the food. Nice twist! You throw knives at pizzas and other food items to make them fall apart. In this game, you need to aim for the space between the knives already stuck to the food. And ensure that your knife does not clash with another, as it will reset the level. Everyone is a winner in this game, and you get rewarded with Bling points whether you win or lose. You can convert your Bling points to Bitcoin, and you can cash out every seven days. To claim the Bitcoins you earned, you need to enter your Coinbase account in the Redeem tab.

7.	Bitcoin Blast: This is a simple game. You need to make a chain of at least three Bitcoins to clear the board. The length of the chain determines your earnings, meaning the longer the chain, the more you earn. To start, you need to sign up for Bling, and you also need a Coinbase account.

8.	Bitcoin Solitaire: Do you know about the Solitaire game? Well, this game is the same as the original Solitaire game. For those who do not know about Solitaire, the game is played by arranging each deck of cards into ascending order. The deal is for you to make faster moves. You need a Coinbase to be able to withdraw your earnings.

9.	Alien Run: Did I mention earlier that this is a list of fun games? Alien Run is indeed a fun game with a different twist from others. In this game, you gain points when you pass five levels. In the game, you play as Daniel D’Alien, and you run and jump across platforms that change occasionally. The game has many levels with unpredictable twists that make it even more fun. Like other mining games, you need Coinbase to be able to collect your rewards.
 
10.	Bitcoin Blocks: The game simply matches at least two blocks. The deal is to match more than two blocks so that you can win combos that enable you to get rid of the blocks easily and earn points. You'll need a Bling account and a Coinbase account to start playing the game to claim your profit. Please be aware that the game automatically locks you out for 12 hours when you play 15 consecutive turns.
 
11.	CryptoWin: This is a great game that is good for memory testing. How sharp is your memory? Well, it is time to find out how active your memory is. To play the game, all you need to do is tap any card on your screen, then find the other pair by flipping other cards. There is a time limit, though, so do well to finish before the time ends. There are many levels in the game. The more you win, the harder the game becomes, and the more games you win, the more you earn.
There are various ways to earn digitally, and free Bitcoin mining games are one. You can earn big from the comfort of your home at your leisure. You can earn actual Bitcoins just by playing these free Bitcoin mining games. They are fun, easy, and, of course, free.

Ensure that you do not put details that can compromise your wallet for safety purposes. Enjoy your games while earning.


Free Bitcoin Mining: Experience the Best Games

You've probably heard a lot about [HEX](https://coinmarketcap.com/currencies/hex/) crypto, seen the HEX crypto price, and wondered if this is another Ponzi scheme or scam.
This article will deeply explore what Richard Heart's HEX is and what the HEX price is in the market.

There is always a buzz in the cryptocurrency market about new projects and technological advancements, owing mainly to [Bitcoin](/coins/btc) and [Ethereum](/coins/eth). HEX, an ERC-20 token launched at the end of 2019, is one of these projects.

The HEX network's goal is to create a store of value that will replace the traditional certificate of deposit used in conventional financial markets. This can make HEX an appealing and affordable asset for those looking to invest in the emerging decentralised finance sphere.
Even though HEX is a complete project with a dedicated team, investors may find it appealing due to the low price. Fortunately, getting started with cryptocurrency investments has never been simpler.

## What is Hex Crypto?

The HEX cryptocurrency was introduced on the Ethereum network on December 2, 2019. HEX crypto is an ERC20 token designed to be a value store and replace the Certificate of Deposit. This financial product's blockchain counterpart is used in traditional financial markets.

First, we'd like to go over some background information. Commercial banks offer certificates of Deposit (CDs) in the traditional financial industry. They typically provide a slightly higher interest rate than a standard savings or checking account. Depositors should not withdraw their funds to achieve this higher interest rate. The condition is that funds are not removed for one, three, or six months, and in some cases for up to 10 years.

HEX is intended to pay interest to participants who secure their coins through a stake. 

For Bitcoin holders, the HEX coin is a FREE AIRDROP. It is not an ICO, and you are not required to pay anything during the claiming process. The HEX crypto CLAIM process can be completed safely OFFLINE, and still, Bitcoin holders will receive 10,000 HEX per 1 BTC. Bitcoin holders could only claim HEX during the first year of operation. During this time, 90% of the claimed HEX is locked for a year. All coins that Bitcoin holders have not claimed at the end of the first year of release are distributed to other HEX users with active stakes.

## How Does Hex Crypto Work?

The Ethereum network is used for the transaction layer (sending and receiving HEX coins and interacting with the HEX smart contract). At the same time, the consensus code and staking mechanism are contained within the HEX crypto smart contract.

HEX crypto allows users to stake their HEX coins in exchange for a share of the issuance of new HEX coins or inflation. Furthermore, it includes features intended to encourage price appreciation while discouraging practices promoting price harm. The HEX smart contract penalises interested parties who cancel their pledge ahead of time and rewards those who stake more significant amounts of HEX for extended periods. 

According to Richard Heart, the creator of HEX, it is the first blockchain Certificate of Deposit, allowing users to stake their tokens in exchange for interest. Users can earn interest payments ranging from 3.69% (if 99% of the total supply is locked) to 369% (if only one percent of the total amount is staked). Because interest payments are made in HEX, the monetary value of such an amount is entirely dependent on the market value of HEX at the time of maturity.

The Certificate of Deposit (also known as a savings account) is one of the most popular banking products. In other words, HEX is the first blockchain CD. However, HEX is designed much better than a CD because, with a CD, you will not be paid more if others decide to close their CDs earlier.

## How to Buy Hex Crypto

STEP 1

Create an account: The first step in purchasing HEX is to open an account with a brokerage that accepts HEX purchases and sales. If you live in the US, your options for buying HEX directly with fiat currency are limited. Currently, HEX is only available on smaller exchanges, which are more vulnerable to hacking attempts.

STEP 2

Purchase or obtain a wallet: After you've decided where and how you want to buy HEX, you should open an off-chain wallet to keep your tokens. A cryptocurrency wallet is a physical device or software application that gives you a private set of keys to store your tickets.
Cryptocurrency wallets:
•	Hardware wallets - also known as "cold storage" wallets, a hardware wallet is a physical device that works the same way as a flash drive. You'll use Bluetooth or USB to connect your hardware wallet to your computer and transfer your tokens to an offline wallet. Hardware wallets store your tokens more securely, but they can only hold a limited number of coins and tokens.
•	Software wallets - these wallets, also known as "hot storage" wallets, are computer or smartphone applications that store your tokens and coins on an online wallet. Though software wallets offer less security than hardware wallets, they are free and typically hold more types of assets than comparable hardware wallets.

STEP 3

Make a purchase: It's time to make your purchase after opening an account and choosing a wallet. Examine your broker's platform and the different orders you can use to buy HEX. Depending on which broker you use, you may have access to dozens of order types, each influencing the price at which your order is executed.
When you submit your order, your broker will handle filling it at a price or under your specified conditions. Your broker will usually notify you when your order is finished via email or in-app message.

Despite HEX's unprecedented success, there is still much misinformation surrounding the project. Fear, uncertainty, and doubt are classified into three types:

"HEX is a pyramid scheme": This is a common criticism of HEX that you can find within two minutes of searching Reddit. You can see how some people could be led down this rabbit hole. On the other hand, Charles Ponzi used the proceeds from new investors to repay older investors. Richard refutes this assertion by stating that HEX stakers create their rewards. This means that the interest earned on staked HEX is unaffected by new investors. The mechanics of the smart contract code generate interest, and of course, new investors support the price of HEX.

"HEX is a Pyramid Scheme": When it comes to HEX, detractors scream pyramid scheme on every Reddit thread. Pyramid schemes involve a network of middlemen profitably selling to one another before someone eventually sells to a retail consumer or is left holding the bag. Some argue that HEX is like this. Old investors market to new investors, who then market to even more new investors, etc. Of course, the same could also be said of eBay baseball cards. Richard Heart refutes the pyramid scheme accusation by claiming that HEX lacks multiple levels of marketing. This is correct. The decision to invest in HEX is a personal one. Investors purchase directly from an exchange rather than through a middleman.

One of the most dubious claims is that "HEX is preparing for a massive rug pull": Much analysis has been done by Redditors and other people with too much time on their hands to say, "I told you so" about HEX's centralised ownership. The HEX Origin Address (the wallet address linked to the initial smart contract) has been chastised for owning approximately 90% of the total supply of HEX. This sum has been distributed to a number of other wallets over time. According to the theory, Richard Heart or those associated with the HEX project own and control those wallets. This would eventually give them control of the network's consensus, effectively turning his decentralised utopia into a centralised poop pile. The theory is that the centralised owners of HEX will dump on all the bag holders one day and crash the price to zero. I do not doubt that Richard Heart owns a whole bunch of HEX. He does not reveal any of his holdings. This plays into the hands of the skeptic. I guess that he's doing this to avoid Uncle Scam's posse at the IRS or SEC rather than to rug pull HEX investors.

## Conclusion

In terms of market capitalisation, HEX is currently the 204th largest cryptocurrency. As a result, it is a small cryptocurrency offering only available on a few select exchanges. It also means that HEX is a highly volatile asset that can reach zero. If you decide to invest in HEX (or any other minor altcoin), consider making it a small part of your overall portfolio.


Hex Crypto and Richard Heart: A Complete Guide

There are thousands of different cryptocurrencies, including the new Ethereum Max. Every day, hundreds of new ones are created. It can be challenging to separate the good from the bad in this crypto river.
As a general rule, most current cryptocurrencies are entirely useless and should be avoided. Is Ethereum Max among them? Let's look more closely at the new Ethereum Max cryptocurrency. This article will lay out all the information you need to know about Ethereum Max.

## What is Ethereum Max?

Ethereum Max, or [EMAX](https://coinmarketcap.com/currencies/ethereummax/), is an ERC20 token. With no pre-sale and no tokens reserved for the development team, all tokens were released on the open market, resulting in a fair and complete distribution of the coins. EMAX was created to provide the world with an [Ethereum](/coins/eth)-based token that gives holders the security and versatility of the Ethereum blockchain while also yielding rewards and enhancing digital asset decentralisation. The token was created to strengthen existing systems while also adding secondary benefits such as redistributing a percentage of all transactions to existing holders. With each transaction, investors will receive an increase of EMAX in their wallets.

## How Does EMAX Work?

It is difficult to explain how Ethereum Max works because it does nothing but exist. ERC-20 tokens are simple to create and require little programming knowledge. The Ethereum blockchain is open to the public. Anyone can create a token with any name they choose and generate marketing buzz around it, with no requirement that it be useful.

The whitepaper and roadmap for the project make very ambitious claims for the future of the 'Ethereum Max Ecosystem,' but the uses of EMAX crypto are chiefly speculative.

Its current value appears to be derived primarily from demand generated by an aggressive marketing campaign combined with a deceptive name. According to the project's website, the token gives EMAX wallet holders a 3% share of the transaction value. Because the contract code EMAX token is not publicly available, it is unclear how this is accomplished.

Overall, the EMAX token functions by being popular, similar to a meme coin. However, unlike a meme coin, there is no meme to drive its popularity, so the project relies heavily on marketing to unsophisticated buyers to increase demand for EMAX crypto.

## What is the Use of EMAX Token?

EMAX is one of the only environmentally friendly and 100% decentralised tokens to avoid rug pulls. The entire supply is released to the open market, and none is burned to a dead address. We currently have six months of liquidity locked in; once we convert to V3, we will have 1,000 years of liquidity locked in. This reduces the risk for investors while ensuring security via the Ethereum blockchain. It is also worth noting that EMAX tokens are not mined because they are supported by Proof of Stake (PoS) technology. This allows us to operate in an environmentally friendly and fully decentralised environment.

## Buying and Selling EMAX

You can always sell EMAX cryptocurrency on the same exchange where you bought it. The procedure for selling EMAX cryptocurrency is nearly identical to purchasing it.

## Conclusion

EMAX crypto is a token created by unidentified Ethereum Max project developers.

The token's name may lead you to believe it is an official product of the Ethereum blockchain or the Ethereum Foundation. That is not the case.

If you purchase EMAX cryptocurrency, you can exchange it for any other ERC-20 token on a decentralised exchange you can or a few centralised exchanges.


Ethereum Max: Everything you need to know

Before we consider the top Metaverse coins, we need to understand the Metaverse.
Mark Zuckerberg’s strange virtual replica as he unveiled Facebook-rebranded-as-Meta. A digital art gallery in Decentraland. Live concerts in the immersive [Fortnite](https://www.epicgames.com/fortnite/en-US/home) universe. Whatever it is, there's no escaping the internet's favourite buzzword: “Metaverse."

## What is Metaverse?

This technology hybrid combines virtual reality, augmented reality, and video, which allow users to “live” within a digital universe. Supporters of the Metaverse imagine its users engaging in an activity such as working/playing and staying connected with friends through activities ranging from concerts and conferences to virtual world travel. Even though the Metaverse is still in development, some see it as the future of the internet. This includes Facebook's Mark Zuckerberg, who has rebranded the company as Meta.

Already, among other things, the Metaverse provides opportunities for gaming, education, commerce, virtual real estate, social networks, and entertainment. The Metaverse, unlike existing social networks, is powered by blockchain, incorporates cryptocurrencies, and gives users ownership of their digital avatars and assets.

## Top Metaverse Coins

Although there are different Metaverse [coins to buy](/news/article/which-crypto-roundup), invest in, or trade, the top four metaverse-themed cryptocurrencies are:

Gala: Gala Games, with 1.3 million monthly active users, is at the epicentre of the blockchain gaming revolution. It is a blockchain-powered gaming ecosystem with several games in testing or development. Gala was founded in 2019 by an American named Eric Schiermeyer, also co-founder of game titan Zynga, with the primary goal of creating enjoyable games that incorporate essential enigma for growth, such as play-to-earn, NFTs, music, and community engagement as part of their core strategy.

AXIE Infinity: You can earn AXS, Axie Infinity's utility and governance token, by joining the 2.8 million players who log in every day. Play-to-earn accounts for 20% of the AXS supply. In addition, after the introduction of staking, to which Axie Infinity allocated 29% of the AXS supply, interest in AXS has skyrocketed. (Staking grants crypto investors the opportunity to earn rewards by temporarily locking in their coins to help verify the transactions of a blockchain network.) So, if you don't want to play the game, but want to invest in the Metaverse’s growth, you could buy AXS and stake it to earn annualised rewards currently estimated 70%-plus. While this sounds appealing, the rate of return is not guaranteed, and the monetary value of your rewards could be much lower if the price of AXS falls.

[Decentraland](/coins/mana): Enter Decentraland, a virtual world. The Metaverse is more than just a gaming environment; it's a shared digital world where you can create environments and digital exchange assets, such as NFTs, with others. Decentraland is one of the success stories from the 2017 ICO boom, having raised approximately $26 million in ether from investors.

Sandbox: Like Decentraland, the Sandbox is an Ethereum-based 3D virtual environment where users can buy, trade, share, and monetise digital assets.
The Sandbox, launched in 2011 by Pixowl, was a successful mobile gaming platform with 40 million downloads before it became a blockchain-based 3D metaverse in 2020. The following year, it received a $93 million investment led by Softbank. Atari, CryptoKitties, and rapper Snoop Dogg are among the Sandbox’s 50+ partners.

The crypto market never gets boring, and who doesn't like waking up to new things every day?
 
 



Top Metaverse Coins: Which Cryptocurrencies to Watch

Bitcoin paved the way for other cryptocurrencies. There are thousands of coins and many more new crypto coins yet to launch. Where does this leave the almighty [Bitcoin](/coins/btc)?

## What Are Altcoins?

Altcoins are cryptocurrencies that are not Bitcoin. In other words, they are alternative coins to Bitcoin. These coins share similar characteristics with Bitcoin but can improve their features. 
Ethereum is the second-largest cryptocurrency after Bitcoin, making it the largest altcoin based on market cap. Some other major altcoins are Binance, Solana, and USDC.

New crypto coins are emerging. Based on the level of advancement in the crypto world, they are likely to do even better. For example, there were older cryptocurrencies before Solana launched, yet it is currently one of the largest coins in the crypto space.

There are more than 14,000 altcoins; some are still rising in price while others have been struggling to stay relevant. Despite the number of altcoins available, in November 2021, according to (CMC) CoinMarkeyCap, Bitcoin and Ethereum had 60% of the cryptocurrencies available in the market, while altcoins accounted for the remaining 40%.

Currently, the price of Bitcoin influences most cryptocurrencies, a significant change in the price of Bitcoin leads to a significant change in the price of altcoins.

## Type of Altcoins

There are different types of altcoins and different categories based on their functions. Each of these categories plays a different role in the crypto world. The categories include;
Mining-based coins

Like Bitcoin, these coins are mined to create more and serve as a way of controlling the circulation of the coins. Some examples of mining-based coins are Litecoin and Zcash.

### Stablecoins

Stable coins play a really important role for investors in the crypto market. They are called stable coins because they are influenced by fiat currencies, for example, US dollars. Stable coins include NUSD, NUSD, and USDT. 

### Meme coins

These are usually short-term gain coins. A joke on existing popular cryptocurrencies inspires meme coins. Examples of meme coins are Shiba Inu and Dogecoin. 

### Security tokens

Security tokens are a replica of the traditional stock. 

### Utility tokens

These are tokens used to provide services within a network. An example of a utility coin is Filecoin. 

### Are Altcoins Good Investments?

Profit and loss in cryptocurrency trading depend on the coin you invest in. So the first step in determining if a coin is a good investment is to DYOR. With that, you will be able to figure out if the coin is worth the risk.
Not all altcoins are good investments, although many have proven profitable.

Generally, investing in cryptocurrency is risky as it is a volatile market. If you invest, ensure that you do proper research, especially on new crypto coins, and take wise risk decisions.

## Are More Altcoins Needed in the Market?

The emergence of new crypto coins positively impacts the crypto market. Bitcoin is out of reach for most crypto investors based on its current price. There are lots of altcoins with good potential going for a way lesser price compared to Bitcoin. 

Some new crypto coins are making waves in the crypto world and making their investors rich. Meme coins may be short-term gain coins and have a high level of volatility, but that doesn’t change the fact that it has made many millionaires overnight. 

More altcoins mean more opportunities for cryptocurrency investors. It is up to you to ensure that you are making the right investments.

## What Do Bitcoiners Think About Altcoins?

Altcoins are more advanced than Bitcoin and are considered good alternatives. Despite all the new features altcoins possess, Bitcoin still stands as the most popular and most prominent cryptocurrency in the crypto space.
Bitcoiners may not be too open to new crypto coins, but the fact is that the entire crypto space is aware of the positive impact altcoins have on the crypto market. 

Bitcoin remains the number one cryptocurrency in the whole crypto market. Bitcoiners are aware that these new crypto coins cannot replace Bitcoin.


New Crypto Coins: Good News for Bitcoin?

Cryptocurrencies like [Bitcoin](/coins/btc), Litecoin and some others are generated through mining. Crypto Tab Browser was designed to make mining easier for miners. The digital world is greatly advancing, including the world of cryptocurrency. Hopefully, Crypto Tab will bring a lot of positive impact for crypto miners. Read on for more insights!

## Crypto Tab Browser

According to the creators, Crypto Tab Browser is an app that supports mining and browsing the web. This browser stands out as the first of its kind.

[Crypto Tab](https://cryptotab.net/en/) is a one-of-a-kind browser used to surf the web and mine Bitcoin simultaneously. If your mining is successful, you get rewarded with the mined Bitcoin. 

You are probably wondering how possible it is for a browser to have the capability of mining Bitcoin, considering the high level of hardware devices needed. 

The app is said to be a free, reliable cryptocurrency mining app, but is it?

## What is Mining?

To fully understand what Crypto Tab Browser is about, you must first understand what mining is and how it works.
The mining process creates new coins for some cryptocurrencies. This helps to maintain the circulation of the coins. 
Mining for most coins, especially Bitcoin, is usually not easy. Mining requires high hardware capable of solving complex problems. The miner who first solves the next block and broadcasts it, if approved, gets added to the blockchain. The miner then gets rewarded with the mined coins. 

Crypto Tab creates an easy opportunity for Bitcoin miners to earn Bitcoin. Miners will enjoy this browser, with its lightweight browsing speed and fast and ready-to-mine feature. The best part is that the browser is completely free.

## Features of the Crypto Tab Browser

Based on the description of the browser by its authors, the browser:

•	Is a super-fast, lightweight browser: This app offers a fast internet speed. Aside from having good mining features, Crypto Tab provides a good browsing experience.
•	It has built-in mining features CryptoTab: this is the unique feature of this app. Mining is a process that requires unique hardware devices, but with this app, you can mine with any device. 
•	It is user-friendly: Users can easily assess the browser
•	Sync everything across multiple devices: The app can be synced with all your devices. 

## What Can the Browser Do?

•	Crypto Tab Browser is a reliable browser with lots of unique features. 
•	Miners can earn on the browser while still surfing the internet. 
•	Mining on the browser is fast due to its fast built-in mining algorithms. 
•	It can be used on all devices, including desktops and tablets. 
•	It mines bitcoin: 

## Some controversies about Crypto Tab

Despite all these positive attributes of Crypto Tab, most people still have their doubts about the browser. 
Although Crypto Tab is a free browser, people still suspect it to be a scam. Whether the browser is a scam or not remains uncertain.


Crypto Tab Browser: What You Need to Know

Litecoin news has been relatively quiet in the first month of 2022. For price prediction, it couldn't be louder.

The coin has been slashing value with fervor over the last four weeks, eventually losing $40 from its 1 January price. But it appears that the coin has found its floor and is now ready to start climbing again. Litecoin price predictions are bullish as a result of a new upgrade.

This announcement is the culmination of a two-year-long effort by Litecoin developers. The team has been working hard to bring the MimbleWimble upgrade to the network, and it has finally happened. MimbleWimble is not a code name for the upgrade; it's the technology that's being used. MimbleWimble is the name of a blockchain protocol that focuses on security and has been used by various networks since its inception. To keep users' data private, the protocol employs its brand of cryptography known as Elliptic Curve Cryptography (ECC). Users can make their transactions untraceable by others by using this new protocol.
 
This Litecoin price prediction guide will aid investors in deciding if Litecoin is right for them, if it will rise in the long term, and provide a forecast about what Litecoin could be worth in 10 years.

## What is Litecoin?

[Litecoin (LTC)](/coins/ltc) is a decentralised peer-to-peer cryptocurrency created in 2011 by Charlie Lee, a former Google employee. The LTC network was created to address the network issues of its elder brother. These include scalability, transaction speed, and high commission fees for each financial transaction made on the blockchain.

Litecoin was one of the first cryptocurrencies people learned about when they first entered the market. The LTC network is a Bitcoin fork that uses the BTC protocol. They share features such as anonymity, decentralisation, the ability to be mined, and the consensus mechanism (Proof of Work).
 
## 2022 Litecoin Price Prediction

According to technical analysis of [Litecoin prices in 2022](https://coinmarketcap.com/currencies/litecoin/), the lowest cost of Litecoin will be $142.09. The maximum LTC price that can be reached is $170.62. The average trading price is anticipated to be around $147.58.

## LTC Price Prediction for May 2022

Crypto analysts examined Litecoin price fluctuations in 2022 and previous years, predicting that the average LTC rate in May will be around $121.19. It can fall as low as $116.79. The maximum possible value is $129.17.

## Litecoin Price Prediction for June 2022

The average LTC price in the middle of the year 2022 will be $126.03. Litecoin's value may also rise to $134.01 in June. It is expected that the price will not fall below $121.64 in June 2022.

## Litecoin Price Prediction for August 2022

Analysts predict that the LTC price will be around $133.71 by the end of summer 2022. In August, the price of Litecoin could fall to as low as $128.22. In August 2022, the expected peak value is $145.55.

## LTC Price Prediction for September 2022

According to cryptocurrency experts who have studied Litecoin prices, the LTC rate could reach a high of $152.23 in September 2022. It could, however, fall to $133.33. Litecoin is expected to average nearly $137.72 in September.

## Litecoin Price Prediction for October 2022

The price of Litecoin will be $141.85 on average in the middle of autumn 2022. Analysts predict that the LTC price will fluctuate between $136.36 and $157.74 in October 2022.

## LTC Price Prediction for November 2022

Experts predict that the value of Litecoin will not fall below $140.30 in November 2022. This month's maximum peak is expected to be $164.83. The average trading value is estimated to be $144.69.
 
## Litecoin Price Prediction for December 2022

Cryptocurrency experts have carefully examined the price range of LTC throughout 2022. Their forecast for December 2022 is as follows: the upper trading value of Litecoin could be around $170.62, with a chance of dropping to $142.09. The average price in December will be $147.58.

Using the work of some of the industry's best analysts and traders, LTC's long-term growth could reach a reasonable projection of $10,000. This would place it among the best performing assets of all time, second only to BTC.

There has been a struggle by Litecoin to reclaim its previous all-time high and, according to analysis, lower prices may be met before some of the most ambitious price predictions are reached. Analysts believe that $100 will be the absolute bottom for Litecoin in the coming days.
 
The future of Litecoin, like that of bitcoin, Ethereum, and other popular cryptocurrencies, will be exciting to watch. Market competition and the battle to break into the mainstream are significant obstacles. The success (or failure) of the LitePay system could significantly impact the growth of Litecoin.
 
Remember that cryptocurrencies are speculative and complicated, so thoroughly research all of the pros and cons of Litecoin before deciding whether or not to purchase.
 



Litecoin News: Does it Have a Future?

It's a common question; is the [Revolut](https://www.revolut.com/en-US) card worth having?

Digital banking alternative Revolut offers a range of low-cost options while allowing you to have an entirely online account and debit card.

It offers a cutting-edge mobile phone app and several other unique features that have helped it become one of the most innovative currency exchange and banking options available today. You may conduct transactions in various currencies anywhere on the globe with a Revolut card.

In this Revolut card review, to know if it is worth having, I'll go over what it offers, the fees that come with it, and the benefits and drawbacks of the card.

Is the Revolut card worth having? To answer that, we need to understand what this card is first.

## What is a Revolut card?

This is one of the company's main products; a card that can be used to make purchases in several different nations worldwide. In addition, you get automatic money conversion at rates near the base exchange rate, and you can spend your money in various currencies. This makes international transactions easier and faster.

Personal Revolut accounts are currently only available to citizens of the United States of America (USA), Canada, Japan, Singapore, Australia, Switzerland, and the European Economic Area (EEA).

Organizations in Switzerland and the European Economic Area (EEA) registered and have a physical location in one or more of those locations are eligible for a Revolut Business account.

## Pros and Cons of the Revolut Card

The following are some of the benefits and drawbacks of using a Revolut card:

PROS:

•	You can have numerous currencies in your account at the same time.
•	It's simple to get cash and pay for things with the card.
•	They have several fraud-prevention measures that are quite successful.
•	Budgeting tools are built-in.
•	You can also choose to load the card with money and pay as you go.
•	You can view your transactions and account balances on the Revolut app.
•	Most money transactions between countries are quick, easy, and free.

CONS: 

•	Adding money to your Revolut account through bank transfer can take up to three days, and there may be fees associated with it, depending on your bank. Over the weekend, when the currency exchange markets are closed, you will be charged higher rates. It's pretty simple to avoid this charge by simply waiting until the markets open before making your payments, but if you're caught short, it becomes a problem. 
•	Mastery of English is not required (the company currently offers a Portuguese version of the software), but you should be prepared to contact a customer service line in English if something goes wrong.

It's simple to see why Revolut has exploded in popularity over the last few years. For a long time, consumers have been clamoring for cheaper and easier currency transfer choices, which businesses like Revolut and Wise can supply. 

Revolut could help you whether you're a freelancer working with clients worldwide or someone who regularly sends payments to family members.

More [Business news](/news/category/crypto-business-news).


Is the Revolut Card Worth Having?

FTX, a cryptocurrency exchange, wants to expand into the United Kingdom and has begun negotiations with regulators to dominate the European market.

## How Will This Happen?

FTX's market regulation concepts and plans include numerous critical areas. To begin, authorities could propose a principles-based approach to overseeing spot and derivatives crypto trading markets, leveraging current policy goals that apply to traditional capital and derivatives markets. Customer and investor protection, market integrity, financial crime prevention, and overall system safety and soundness are among the objectives. If enacted, regulations that promote these goals will apply equally to all markets for crypto assets trading.

Second, FTX and other crypto platforms have introduced significant trading innovations, which should be preserved under a sound framework. This is because they reduce risk, increase capital efficiency, and safeguard investors, all of which benefit the general public. Among the key innovations are:

•	Automated risk-management systems that ensure customer accounts trading multiple assets do not go net negative across customer positions.

•	24/7 trading hours, which reduces risk.

•	Permissioning a non-intermediated market structure gives all investors equal access to the market and helps minimize conflicts of interest.

•	Free-market data aligns the platform operator's interest with the investors.

Third, a useful framework would enable crypto platforms to provide both spot and derivatives trading on crypto assets under a single unified system. A single rule book and technological platform would control risks associated with all trading activity in customer accounts. Regulatory frameworks were formed in mature countries, such as the United States, in response to fragmented markets for securities, commodities, and derivatives on such assets. FTX has shown that combining markets for both assets and derivatives provide significant benefits to market participants.

Because of the risk-reduction and customer-protection benefits of this one rule book paradigm, public policy should allow it.

Regulators in countries with multiple market regulators, such as the US, should collaborate and use their authorities when appropriate to accommodate this paradigm for crypto assets. Simultaneously, legislators could remedy any remaining gaps not adequately addressed under current powers.

Fourth, an acceptable regulatory framework for crypto-asset market regulation should be market-structure agnostic and explicitly permit non-intermediated markets. It could also take a functional approach, requiring the platform operator to disclose policies and procedures addressing critical issues like:

•	asset custody

•	key platform features related to the lifecycle of a trade

•	reporting of market activity to supervisors

•	provisioning market data to platform users

•	ensuring adequate financial resources

•	ensuring stable coins used on the platform are subject to adequate standards

•	protecting against cyber-attacks and financial fraud

More [Business news](/news/category/crypto-business-news).


FTX Seeks UK and Europe Expansion

Are you looking for the Solana price? The UK market views can be informative.

The term 'solana price uk' is a hot phrase on Google, and here's why.

The [Solana](https://solana.com/) price (UK and elsewhere) has performed exceptionally well since its inception in 2019. However, that doesn't imply you should get in and invest right away.

Instead, think about the potential rewards as well as the risks before investing any money.

## A Little Knowledge on Solana

Solana was created in 2019 to address the shortcomings of traditional blockchains such as [Ethereum](/coins/eth). This means providing network users with a blockchain ledger that is faster, cheaper, and more scalable.

For example, even though Ethereum is the world's second-largest cryptocurrency and the de-facto smart contract system of choice, it can only handle 15 transactions per second. This is just too inefficient to be used as a worldwide blockchain network. On the other hand, Solana is said to be capable of processing over 65,000 transactions per second.

Another reason for Solana's popularity is that the blockchain network can process transactions in as little as 2-3 seconds, compared to the 13-15 seconds for Ethereum. Furthermore, although Ethereum transactions are notorious for having high costs when the network is busy, Solana transactions are lower cost.

Based on these performance-driven measures, many market observers predict that Solana will one day overtake Ethereum in terms of market valuation and global acceptance. Solana, like Ethereum, has its own native cryptocurrency token, SOL, which trades on exchanges.

### So why is 'solana price uk' such a popular search term?

Interest in Solana grows, despite its volatility. However, many crypto traders are sceptical about Solana's winning streak and are hesitant to buy it. Below are some of Solana's advantages and disadvantages to help investors decide whether Solana is a suitable investment for 2022 or not.

## Disadvantages 

1.	Unstable network: The investor community in Solana is still in its infancy. Investors may be hesitant to choose SOL over Ethereum because it is less well known. When the Solana Foundation confirmed its network was experiencing instability, the crypto's reputation took a knock. Because crypto investors value trust, this flaw sets SOL apart from its competitors.

2.	Inflation: Cryptocurrencies rose in popularity in 2020 for various reasons, one of which was to use them as a hedge against inflation. Most cryptocurrencies have a fixed limit on the number of coins that will ever exist. However, Solana does not have a consistent supply of currency. The designers started boosting the annual supply of SOL tokens by 8%, which means that the inflation rate will reduce by 15% until it reaches 1.5 percent, which will stop decreasing.

3.	Solana isn't decentralized enough: While some crypto enthusiasts claim there aren't many drawbacks to investing in SOL, this cryptocurrency element is widely regarded as its most significant drawback. The ETH network currently has approximately 200,000 validators, while the Solana network has only 1,000 validators. The more validators there are, the more secure the network becomes.

## Advantages

1.	Solana has the third-largest features market: Solana has the third-largest open interest in futures contracts, the most crucial measure in derivatives contracts. Regardless of its current trading capacity, the aggregate derives the total number of contacts stored on its network by market players. Open futures interest has maintained its previous levels despite a steep drop in price in early November.

2.	NFTs and Smart Contract: Over the last year, the NFT industry has exploded. Non-fungible tokens became a high-growth industry prospect, with massive sales sponsored by renowned digital artists. Solana went into the market to share the NFT alternative, taking advantage of the growing sector.

3.	There's a solid institutional attraction for Solana's ecosystem: The market capitalization of Solana is more than quadruple that of Avalanche and Terra. The last year has shown strong signs of SOL's rising investor community, and with increased investor adoption comes increased institutional adoption.

SOL's suitability for your investment is determined by your risk tolerance, asset diversification, and the amount of money you wish to invest. It's crucial to conduct research before investing in highly volatile assets like cryptocurrencies to see if they're a good fit for your portfolio.


Solana Price: UK Market View on SOL

It is time to ask ourselves 'are crypto bubbles bursting?'.

The rise of [Bitcoin](/coins/btc) (BTC -0.62%), [Ethereum](/coins/eth) (ETH -1.23%),[ Dogecoin](/coins/doge) (DOGE 4.64%), and some other digital currencies has prepared the way for once-in-a-lifetime profits. For example, when Bitcoin topped $64,800 a token in mid-April, a $155 investment at $1 would have been worth nearly $1 million.

However, cryptocurrency has plummeted in value during the last two weeks. Some could call this a natural retracement following a monster run upward. Still, I'd like to refer to it as a popping bubble.

While many people feel that digital currencies are the best thing since the invention of chocolate, I believe the crypto market is collapsing for several reasons.

## Some Governments Aren't Okay with Cryptocurrency

The crypto bubble is bursting because some countries are concerned about cryptocurrencies undermining their central bank-backed currencies. For example, China sent the cryptocurrency market into a tailspin last week when it announced that its banks and online payment channels would no longer be able to provide any cryptocurrency-related services.

However, it's worth noting that a significant amount of Bitcoin mining occurs in China. In this regard, China is far from alone. For example, Turkey recently passed legislation prohibiting the use of cryptocurrency for payment. Meanwhile, digital currencies are illegal in Bolivia, Ecuador, Nigeria, and Algeria. As a result of this trend, the global use case for cryptocurrency is becoming increasingly unlikely.

## Centralisation is Still an Issue

One of the goals of cryptocurrencies is decentralisation. This was done to ensure that a network is not controlled by a single person or a small group. However, according to BitInfoCharts.com, ownership of Bitcoin and Dogecoin is relatively consolidated. For example, only 2,155 addresses control roughly 42% of all Bitcoin, and only 99 addresses control 66.6% of Dogecoin. As a result, people may recognize that these financial experiments aren't as decentralized as they should be.

## The Real-World Utility is Minimal

A severe drawback of digital currency is that it is practically useless outside of a cryptocurrency exchange. Even though many well-known corporations or organisations have accepted Bitcoin or Dogecoin, the total number of businesses accepting either is still insignificant.

## There is No Entry Barrier

My main issue with cryptocurrency, aside from its lack of utility, is that there is no entry barrier. Anyone with a computer or an innate desire to code can create a blockchain and, possibly, a tethered token. [CoinMarketCap](https://coinmarketcap.com/) claims to have a database of around 10,000 different cryptocurrencies. While many aren't actively traded, the number of potential competitors to Bitcoin, Dogecoin, and Ethereum is staggering, with many more on the way. In short, the crypto sector is constantly being diluted by an infinite number of competitors.

## There is No Identifiable Real-World Correlation

Another concern with crypto is that there are no obvious real-world correlations. For example, we know that gold and the US dollar have an inverse relationship. Gold is more likely to rise when the value of the dollar falls. This is a long-term relationship that has formed.

Bitcoin, Ethereum, and Dogecoin do not have these correlations. Crypto enthusiasts want to emphasize how crypto is a hedge against inflation. Still, they forget that the value of Bitcoin has fluctuated depending on how quickly or slowly the money supply expanded. Because cryptocurrency has no physical connections, it is fueled by emotion and technical analysis.

## Over Leveraging Can Be Haunting the Crypto Market

Customers at some of the most well-known cryptocurrency exchanges will be able to multiply their account equity by 50 to 125 times. While this level of leverage is common in forex, where currencies move in fractions of a cent, it is absurd for cryptocurrency, which can swing 3% in seconds. According to data from Bybt.com via Bloomberg, approximately 887,000 accounts representing $9.4 billion in total crypto assets were liquidated on May 19 due to leverage-based margin calls. It doesn't take much for the crypto market to go south rapidly because of this tremendous leverage.

## Investors Always Overhype New Tech

Finally, investors usually overestimate new technology uptake. Even though many people are enthusiastic about blockchain, it has been more than a half-decade, and the euphoria has yet to translate into actual enterprise use. Every next big-thing technology, including cryptocurrency, requires time to mature.


Are Crypto Bubbles Bursting? They May Be...

In recent years, cryptocurrency assets have grown in popularity in the tax world and piqued the interest of investors and industry regulators, but what exactly are the crypto tax UK rules?

As the industry around cryptocurrency rapidly evolves, the tax situation has become more complicated. The emergence of distinct and complex cryptocurrency platforms, such as gaming and gambling platforms, and the evolution of non-fungible tokens and hybrid tokens for specific purposes have altered the asset class.

There may be the opportunity to take advantage of more favorable tax rules if you are not resident or domiciled in the UK for tax purposes.
What are the regulations on paying taxes on the crypto asset?

Cryptocurrency (or crypto assets) are electronic currencies that can be transferred, stored, and traded. Ideally, it is almost impossible to counterfeit or double-spend on cryptocurrencies. This is due to their technologically advanced nature, secured by cryptography. Furthermore, the emergence of new technologies has enabled the creation of crypto assets in various forms.

Who is responsible for paying taxes on crypto assets? The short answer is that anyone who lives in the UK and owns crypto assets may be subject to taxation. Current regulations deem you liable to pay tax when you trade, mine, receive as payment, receive as an airdrop in place of a service (or expected service), or exchange for any crypto asset.

Let's take a look at the various taxes you may be required to pay when trading, disposing of, or exchanging any crypto assets:

## Income Tax

Occupation is a factor when [HMRC](https://www.gov.uk/government/organisations/hm-revenue-customs) decides how to tax crypto assets. For example, if the holder happens to be a trader, their trading profits will be subject to Income Tax. If the activity is considered professional trading, Income Tax takes precedence over Capital Gains Tax and applies to general profits and losses.

## Capital Gains Tax

Whether you traded, sold, or exchanged any crypto assets, you will almost certainly be required to pay Capital Gains Tax (CGT). You may also be subject to CGT if you use your cryptocurrency to pay for services or goods. Cryptoassets will be taxed at the Capital Gains rate of 20% for those classified as higher or additional rate taxpayers. On the other hand, basic rate taxpayers will be taxed differently, and the rate charged will be determined by one's taxable income.

## Inheritance Tax

Inheritance Tax may be due upon death when dealing with crypto assets. Therefore, Inheritance Tax planning should be considered.

In conclusion, crypto assets are a prime example of how much the tax world has evolved and how new technologies influence day-to-day industry operations. Therefore, as a trader, investor, or industry regulator, you must understand what crypto assets are and the implications of their use.

Cryptoassets are a valuable new type of investment vehicle, and the UK Government has a vested interest in taxing crypto trading profits. Unfortunately, because the technology is still relatively new, HMRC has not had sufficient time to catch up fully. As a result, there are several loopholes and blind spots in UK tax law that make it unclear how certain crypto assets should be treated. If you trade crypto, you would be well advised to consult a tax professional.

More [Business news](/news/category/crypto-business-news).


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