Is it possible that the Shiba Inu price could reach $10 by 2024?

The [Shiba Inu](/news/article/shiba-inu-holders-value-of-bone) coin, inspired by the popular dog breed, has gained a significant following in the market. Originally conceived as a joke, the coin has evolved into something more serious over time.

Since its launch, the price of the coin has undergone significant fluctuations. Although it had limited popularity initially, the coin experienced a surge in 2021, propelling it into the spotlight. The coin intends to become the Ethereum-powered equivalent of Dogecoin's mining algorithm, which uses Srypt. At the same time, introducing Shiba Inu in the [Shibaverse](/news/article/shibaverse-coin) metaverse could potentially drive up trading prices.

## Developments in the Shiba Inu ecosystem

The Shiba Inu ecosystem comprises decentralized applications (DApps), protocols, and open-source platforms that allow for the creation of smart contracts and DApps on the Ethereum blockchain. Additionally, it includes the SHIB token, which is used for purchasing goods and services within the ecosystem.

As anticipated, [Shibarium](/news/article/shibarium-release-date-update), the Layer 2 protocol of the platform, is progressing well. This advancement will allow users to transfer assets at a reduced gas cost, facilitating the completion of minor transactions through DApps supported by Shiba Inu.

Additionally, the team has enlisted new developers to enhance the platform's user interface and experience. ShibaSwap gathered close to $1 billion in locked assets in just one day, confirming SHIB's position as more than just a meme cryptocurrency. The collaboration between Shopping.io and Shiba Inu provided a further boost, as customers could utilize SHIB as a payment option on major retailers such as Walmart, Amazon, and eBay.

## Can Shiba Inu price 2024 touch $10?

The total supply refers to the number of coins that exist, excluding any that have been burned. This can be compared to the outstanding shares in the stock market. At the time of writing, there is a circulating supply of [0.549 trillion](https://coinmarketcap.com/currencies/shiba-inu/) coins, so if we think about a $10 price of these tokens, we are talking about a market cap of $5.49 trillion, which seems to be unattainable at this point.

## A Shiba Inu price 2024 of $10 seems unlikely.

As per [AMB CRYPTO](https://ambcrypto.com/predictions/shiba-inu-price-prediction-2024), the price of Shiba Inu in January 2024 is expected to fluctuate between $0.000027 and $0.000031, with an average price of approximately $0.000029.


green image of shiba inu coin on pile of cryptocurrency coins

Could Shiba Inu Price Reach $10 by 2024? 

Considering that cryptocurrency investments offer a high potential for good returns, investors are always on the lookout for the next rising star. The unique features of Catecoin (CATE), a cat-themed coin, have made it a potential candidate that's recently attracted much attention due to its growth potential.

## What is Catecoin?  

Created on the Binance Smart Chain, Catecoin (CATE) is a decentralized meme-based utility token with unique features making it a serious competitor to rival meme-based coins like [Dogecoin](/news/article/is-doge-going-up) (DOGE) and [Shiba Inu](/news/article/shiba-inu-coin-burn) (SHIB).

According to its creators, CATE is a token for meme creators, launched to enable them to "create and earn with their memes" on a decentralized platform. By serving users' entertainment needs, CATE is becoming a popular way for cryptocurrency enthusiasts to earn money from playing online games or creating memes.    

## Why invest in Catecoin?

The cat-themed utility coin surprised many investors as the 2022 crypto bear market negatively affected more than 50% of leading crypto names and altcoins with its performance. This saw an influx of institutional investors catapulted by early gains from Dogecoin, Shiba Inu, and other animal-themed tokens. 

Reasons that CATE made an ideal choice for investors include: 
Passive income potential: CATE holders can earn up to 15% ROI when they [stake](/news/article/crypto-lending) the token for at least 31 days, which is higher than other meme coins. You also earn 2% on all transactions made through the Catecoin wallet, making it attractive to individual and institutional investors seeking a passive income stream.      

A Dynamic roadmap: Unlike other meme coins that are merely copycats of other successful projects, the token seems focused on a long-term roadmap that includes diverse projects, including the “Rise of Cats” (a [play-to-earn NFT game](/news/article/play-to-earn) where players earn CATE tokens), a dedicated crypto wallet, and a staking program. 

High-profile branding: The project reportedly injected a whopping $300,000 into buying and branding the Catecoin.com website aiming to develop a high-profile brand name and quickly become the most significant meme coin in the crypto sphere.  

Exceptional cat-themed targeting: Most meme coins that attempted to imitate the surprise success of Dogecoin only ended up preying on their investors. However, as the world’s first cat-themed meme coin, the CATE token is already showing the potential to become a unique token in the next crypto bull run. 

## How and where to buy Catecoin 

CATE became tradable on 9 May, 2021, with an initial total supply of 100,000,000,000,000 tokens. According to [CoinMarketCap](https://coinmarketcap.com/currencies/catecoin/markets/), its market capitalization is $968,306,695,447, while the current price is $0.000000516 at the time of writing.

The token is listed in numerous crypto exchanges, and you need some Bitcoin (BTC), Ether (ETH), or Tether (USDT).

The easiest way to buy Catecoin is by using funds from your bank through a simple two-step process. Buy some crypto – BTC, ETH, or USDT – from a cryptocurrency exchange accepting deposits via a bank account or a credit/debit card.

Once you receive your newly bought crypto, transfer it to a marketplace that sells CATE for BTC, ETH, or USDT.

STEP #1: Sign up and buy BTC, ETH, or USDT from your preferred crypto exchange     
 
STEP #2: Transfer the BTC, ETH, or USDT you just bought from your cryptocurrency wallet to [an exchange](https://www.coingecko.com/en/coins/catecoin) that sells CATE. 

## Is it an excellent token to hold and trade?

With its enhanced usability offering users the potential to earn passive income, enjoy blockchain gaming, and become an NFT creator, CATE has cut a niche for itself as a token offering a riot of attractive incentives. A token that employs the deflationary tokenomics model, meaning its supply is capped at 100 trillion, can only increase in value over time.

For potential investors, Catecoin has become the most formidable competitor yet [for billionaire Elon Musk’s favorite](/news/article/doge-crypto-elon-musk), Dogecoin, and is already showing a high-growth potential which only adds to its legitimacy adding curiosity about its future offerings.


Catecoin: All About $CATE Token 

Kiba Inu is not just a meme coin, as a first glance may lead the reader to suspect. Instead, it is a full-service blockchain project that features a decentralised exchange, a governance token (KIBA), and various other tools found within its network.

The project claims that it is committed to restoring the integrity of meme coins by building projects that add value to the ecosystem. 

This is a lofty idea, as several meme coins which spawned after the initial success of Shiba Inu were mere pump-and-dump projects that only made money for the creators and not for members of the ecosystem at large.

This project has an opportunity to benefit from some of the recent dysfunction in the crypto market created by the [collapse of centralised exchange FTX](/news/article/ftx-collapse-blockfi-suspend-withdrawals) and other lending projects that had hefty leveraged exposure to the exchange. Some have argued that the collapse of FTX has damaged confidence in centralised crypto exchanges. But this event inadvertently created a window of new opportunities for decentralised exchanges to grow their market. This is an opportunity that the Kiba Inu project can develop if it strikes the right chord with the market.

## Kiba Inu's story so far

As with several other meme coins, Kiba Inu debuted on several centralised and decentralised exchanges to much fanfare in May 2022. However, the crypto market was already in a full downtrend, and aside from the considerable surge seen on the listing day, the price of the token hit rock bottom soon after.

So hard was its fall that it met lows that took out listing lows. After hitting its lowest point in December, a month in which the token shed a further 33% of its November 2022 value, the token has benefitted from the brief resurgence seen in January 2023. The 75% gain seen so far has eclipsed the December 2022 highs, and the technical pattern on the long-term charts suggests that 2023 could be the year a gradual recovery starts.

## Where can you buy Kiba Inu tokens?

KIBA tokens are available on several centralised and decentralised exchanges. Decentralised exchanges that offer KIBA as a swap-enabled token include PancakeSwap, UniSwap, and Kiba Inu's DEX, Kiba Swap. You may also purchase the tokens using fiat currency on Flooz Trade or Fiatom. Gate.io, Hotbit, Digifinex, and Bitrue are centralised exchanges where you can purchase KIBA using Bitcoin, Ethereum, and stablecoins such as USDT or USDC. The Kiba Swap exchange is the primary decentralised exchange for obtaining the KIBA tokens.

## What activities are performed on Kiba Swap?

[Kiba Swap](https://kibainu.com/#/swap) is a decentralised exchange (DEX) that features a traditional swap exchange, a trade portal that offers traders the chance to trade with limit prices, and a cross-chain bridge that allows the transfer of tokens between different blockchain networks. Kiba Swap is a non-custodial exchange, meaning that users keep their tokens in wallets that are not warehoused on the exchange itself.

a) Swap portal
This traditional DEX allows owners of specific tokens to swap them for other tokens that share the same network. The standard base tokens on Kiba Swap are KIBA, Ethereum, USDC, USDT, DAI, WBTC, and WETH. These can be swapped with 1inch, AAVE, APE, AUDIO, AXS, BAND, CRV (Curve DAO), GALA, KNC, and other external tokens. You can also add external tokens by managing your token lists.

b) Trade portal
Kiba Swap's limit order trade portal offers crypto owners the opportunity to buy or sell their favourite cryptos at beneficial prices that are different from the market price. For instance, those selling their tokens can choose to do so at a higher price than the market price to get a better deal and potentially make more profits. Those who want to buy tokens can set lower prices for their entries to secure better pricing.

c) Crosschain bridge
What can you do with the cross-chain bridge? Various stablecoins (USDC, USDT, LUSD, DAI), FRAX, ETH, and STG can be moved from their parent networks to other networks. Featured networks include Ethereum, Arbitrum, Fantom, Avalanche, Polygon, and the Binance Chain. Kiba Swap currently does not have an active liquidity pool for crypto lending.

## Conclusion

The performance of the KIBA token in 2023 and beyond will be tied directly to the degree of success the Kiba Inu team has in onboarding new clients who will be active users of its Kiba Swap decentralised exchange.

The recent gains seen in the KIBA/USDT and other KIBA pairs are more of a market response to Bitcoin's latest move toward the $22,000 mark. If the KIBA token is to recover its 2022 listing highs, Kiba Swap needs to capture a significant chunk of the DEX market share currently controlled by Uniswap and PancakeSwap.


Kiba Inu: The Long Road to Recovery 

The [Freeway](https://freeway.io/) network and token foundation is based on the concept of creating a financial system that is more beneficial for all. It aims to revolutionise how finance is traditionally handled and make it significantly more rewarding.

Recognising that traditional finance methods did not prioritise incentives, Freeway set out to create a new approach utilising the capabilities of blockchain technology and the collective power of individuals. It strives to provide greater accessibility, autonomy, and incentives for all individuals, regardless of location or income level.

## Freeway Token price update

Currently, the [Freeway](/news/article/freeway-crypto-halts) Token (FWT) price is $0.004507 and its trading volume over the past 24 hours is $135,768. This token serves as a useful tool within the rapidly expanding Freeway ecosystem. By holding FWT on the Freeway platform, users can gain additional incentives on the products.

Additionally, staking FWT allows for even more reward opportunities. To purchase this token at its current value, the most popular cryptocurrency exchanges are PancakeSwap and Uniswap.

## What to expect from a Freeway Spend account

This account will provide you with standard banking services and offer increased incentives for your daily expenses. The banking services offered include convenient bank transfers for making deposits and withdrawals, a virtual [debit card](/news/article/ledger-crypto-wallet) for daily purchases, and generous rewards for everyday spending.

## How could you earn from Freeway Token?

As per the company website, by staking FWT, you have the potential to earn annual rewards of up to 30% (estimated). Please note that the actual rewards may fluctuate as the reward pools have various factors that can affect the outcome. The estimated range for annual remuneration is between 15-30%.

You can significantly boost your annual rewards on Superchargers with FWT. By holding a balance of their token equal to or greater than 5% of your overall balance, you will be able to earn an additional 10% in annual rewards on your Superchargers. This means you can earn rewards on your Superchargers through the regular rewards program and earn an additional 10% on top of that through holding FWT. This can greatly enhance your overall returns and make your Superchargers even more valuable.

FWT will ensure the stability and security of the Layer 1 Freeway chain through user staking and delegating to node validators. Both users and validators will benefit from staking rewards pools and gas fees generated by the Chain.

## How to stake Freeway Token

To start staking, simply purchase or deposit your tokens and click the stake button. This will earn you estimated annual rewards of up to 30% for 30 days. At the end of this period, your FWT will automatically unstake. To continue earning rewards, just hit the stake button again and start a new 30-day period. During your 30-day staking period, you have the option to reset it and begin the 30 days anew. However, it is not possible to unstake or withdraw your FWT until the 30-day period has ended.

Furthermore, the benefits continue as your daily rewards for staking FWT are deposited into the Supercharger of your choice, allowing your rewards to earn additional bonuses as well. The simplest method of obtaining FWT at its current market value is through Freeway. Additionally, FWT can also be purchased on several other exchanges, including Uniswap, AscendEX, BitGlobal, and PancakeSwap.

## Why wait before betting on the Freeway Token?

In response to significant market fluctuations, this company has halted its services. The platform stated on its website that it is taking steps to diversify its assets to manage potential future market volatility and secure its ecosystem's long-term stability and success.

The company indicated that Freeway users might have to endure a prolonged period of uncertainty, stating that they will not provide further comments until the ongoing process has been completed. 

According to CoinMarketCap, the Freeway Token (FWT) experienced a decline of 79% from 22 October to 25 October. On 22 October, the FWT was valued at $0.007405, but by 25 October, it had dropped to $0.001535.

Even today, Freeway is not accepting new customer accounts for Superchargers. You'll find a pop-up on its website stating that additional information will be provided in the near future.


Freeway Token: What's Going On?

[Doge Dash](https://www.hello.one/arcade/dogedash) is an ecosystem that combines both [play-to-earn](/news/article/free-play-to-earn-games) gaming and non-fungible tokens (NFTs). It is built on the Binance Smart Chain (BSC) and allows users to earn rewards through gameplay.

The ecosystem features various games, NFTs, merchandise, and staking options, using a familiar arcade style to attract a wide audience to the cryptocurrency world. The game includes ten levels with increasing difficulty to reach a doghouse in a world filled with obstacles and enemies.

Upon completion of the game, players receive coins in their cryptocurrency wallet, which can be traded immediately.

Additionally, players can choose from a list of NFTs as skins for the game, providing unique superpowers and access to exclusive events. DOGEDASH is the native currency and utility token of the ecosystem, which can be used to purchase lives or earned as rewards.

DOGEDASH has a cap of 100 billion tokens, which is significantly more than the number of tokens in circulation during the game's early stages. This means there is currently an abundance of supply, but that's not all.

It is designed to be a deflationary token, meaning that a portion of the tokens are removed from circulation and burned. Specifically, 3% of DOGEDASH tokens used for bets, NFTs, and merchandise are eliminated this way. Over time, as the supply of DOGEDASH decreases, it will become more scarce and valuable, making it an even more attractive investment opportunity.

The ecosystem also charges a 5% transaction tax, with 3% of the tokens removed from circulation to boost the value of the remaining tokens and the remaining 2% used for marketing and increasing brand awareness.

## What makes Doge Dash unique?

Doge Dash is a unique combination of a video game and the DOGEDASH cryptocurrency token. It can be played online or as an app and features a side-scrolling gameplay style similar to the Super Mario Run game. Players control a cartoon [Doge](/news/article/dogecoin-bridge-explained) character, and the game includes elements such as jumps and obstacles. Additionally, Doge Dash also has a variety of NFTs, which can be used in the game and provide unique powers and access to exclusive events.

One of the critical features of Doge Dash is that it has a small fee of 100 DOGEDASH tokens for each play. The game also has ten levels and distributes 10,000 tokens throughout the game. Upon completion of the game, players receive all the crypto tokens they have collected. However, the game is known to be challenging to finish.

As part of a recent rebrand, Doge Dash has become a part of the HELLO ecosystem. This allows token holders to swap their DOGEDASH tokens for the new HELLO tokens at an equal value.

HELLO aims to be a leading player in the crypto and entertainment industry and has several new projects in the works, such as a new version of Doge Dash called Dash of the Dead and a show called Crypto Cribs.

## What is the future of Doge Dash?

The future of Doge Dash is closely tied to the overall performance of the cryptocurrency market. According to [Priceprediction.net](https://priceprediction.net/en/price-prediction/doge-dash), Doge Dash has an outstanding potential to reach new heights. Its forecasts suggest that the token can hit the price of $0.006 by 2030.

When investing in DOGEDASH, it's crucial to have a clear strategy and evaluate your risk tolerance and financial situation. The token may not be suitable for those with lower risk tolerance, but it can be a worthwhile investment for those who are comfortable with higher levels of risk and have a stable financial position.

Additionally, DOGEDASH offers the potential for speculative gains and provides exposure to a constantly evolving technology and expanding ecosystem.


dogedash logo over picture of gaming setup

DOGEDASH and Doge Dash: The Crypto and the Game

Atari token, or ATRI, is a decentralized cryptocurrency developed by Atari Chain, a subsidiary of Atari, the popular American game development company.

The token was designed to meet the needs of the interactive gaming industry. Its main goal is to become a universal means of payment for the video game industry, giving gaming developers and publishers more options for monetizing their products, integrating smart contracts, protecting in-game assets, and much more.

Atari token is currently being used to pay for goods and services in its ecosystem, earn rewards, and make stakes.

## Atari Chain

The company develops the tools for its ecosystem. So far, it has created several tools, including:

•	Portal: The portal allows users to interact with ATRI tokens and their ecosystem. Users can, for example, buy, exchange, withdraw, deposit, and stake their tokens from within the portal. The portal not only allows access to users' wallets, but also displays vital information like their transaction history.

•	Smart wallet: The wallet provides a place where users can securely store, manage, and exchange their crypto. It is a mobile wallet that works with a combination of off-chain and on-chain technology. The wallet also provides users with a place to store NFTs.

•	Decentralized exchange: The DEX allows users to swap between Ethereum, [Fantom](/news/article/fantom-crypto-undervalued), and ATRI tokens via the Metamask browser extension. While the selection of crypto assets is quite limited at the moment, there are plans to add additional asset support soon.

The gaming company is also in the DeFi space and Metaverse. Its official site features a DeFi interface that allows users to purchase and stake their tokens for staking rewards.

As for the Metaverse, it already has a theme park featuring a variety of its gaming experience in The Sandbox virtual world. In 2021 it also launched a casino within Decentraland, another popular virtual world.

## Atari token

It is an ERC-20 standard token based on the Ethereum network and also operates on the Fantom blockchain. It is currently worth $0.00218, according to [Coinmarketcap](https://coinmarketcap.com/currencies/atari-token/), and is the 990th largest cryptocurrency in the world with a live market cap of $4,886,062.

Like most cryptocurrencies, it has a max supply cap, which stands at 1,975,082,183 coins. There are currently 1,481,092,185 of them in public circulation.

For those interested in purchasing it, it is available on Pancakeswap, Uniswap, Hotbit, Bitbay, and its own DEX.

It is worth noting, however, that Atari token can't be bought directly with fiat currency. To purchase the coin, buyers must first buy other cryptos, like ETH or [BTC](/news/article/bitcoin-surge-hits-new-heights), from a crypto-to-fiat exchange, then move to a crypto-to-crypto exchange that lists the coins to purchase them.

## Is it a good investment?

There are a few reasons to consider Atari token as a good investment option. Firstly, it is backed by a reputable gaming company, which helps with its credibility. The coin is here to stay.

Secondly, its ecosystem keeps expanding, which can help with its price movement in the future. The more people start and continue using the coins, the higher the chances it might grow in price. The coin is already being used in the DeFi space and Metaverse.

Its parent company's numerous partnerships are another reason to have high hopes for the coin and consider it an investment option. So far, its parent company has partnered with the Litecoin Foundation, Game Taco, Rockstar Games, Enjin, Native Gaming, and Wax, to mention a few.

Several crypto prediction platforms also see ATRI as a good long-term investment option. It, therefore, might not be the best option if you are looking for quick profits.

According to Ambcrypto, ATRI might trade at an average price of $0.096 in 2023, $0.12 in 2024, $0.15 in 2025, and $0.19 in 2026. Cryptonewsz predicts the coin might hit a high of $0.0319 in 2023, close 2024 trading at $0.0342 per coin, and hit a maximum price level of $0.0446 by the end of 2025.

Most crypto prediction platforms agree that the coins might experience slight positive price movements. They also agree that it will be a long time before they start trading above $1. Some don't even see the coins trading above $1 by 2030 or 2031.

While the coins' current market price might deter some investors from investing, it does offer a good entry point into the crypto market for some beginners.

## Conclusion

ATRI stands out as a token looking to dominate the gaming industry. It might not be where it is supposed to be price-wise, but considering what its parent company is working on, based on its roadmap, the coin has the potential to become one of the most sought-after cryptocurrencies in the gaming space. There are many reasons to keep a close eye on Atari and its crypto.


green image of atari machine with Atari token logo overlayed

What is Atari Token?

The Luna coin news latest reveals that Do Kwon, the founder of collapsed Luna and TerraUSD tokens, and his company Terraform Labs problems are far from over.

In Singapore, 350 investors impacted by the collapse of UST consequently issued a [lawsuit](https://s.wsj.net/public/resources/documents/221028-HCOC2472022-StatementofClaimdated23.09.2022.pdf) against Kwon seeking [$57 million](https://www.investing.com/news/cryptocurrency-news/do-kwon-faces-57-million-fraud-lawsuit-by-terrausd-investors-2926118) in compensation.

In South Korea, prosecutors have frozen assets worth $92 million affiliated with the Terra tokens. The seized assets were taken from Kernel Labs, a tech firm closely related to Terraform Labs.

South Korean authorities issued an arrest warrant for Do Kwon on charges including fraud and market manipulation. His location is still unknown.

## Luna coin's history

Before looking at the Luna coin news latest, let's take a look back. The coin’s history begins in 2019 when it was launched by Terraform Labs, a company founded by Do Kwon and Daniel Shin.

It was created to be the native token of the Terra blockchain. It had several use cases in the Terra network. Holders could use it as a method of payment and vote on network changes. It could also be staked for staking rewards.

It entered the crypto market worth $1.31. A year later, its value was still below $10. However, things would quickly take a turn for the better in 2021.

On 4 October, after the launch of the Columbus-5 Mainnet upgrade, it reached its first all-time high of $49.45. On 27 December, it recorded its highest value of the year, trading at $103.33 per coin.

It began 2022 on a high note reaching a new all-time high of $119.18 on 5 April. However, it would suffer a substantial loss on 6 May, dropping to trade at $82.94 per coin. By 13 May, it had fallen to trading at an all-time low of $0.00001675.

May marked the end of the cryptocurrency, once one of the most successful decentralized finance coins. It was a coin that had been ranked as the seventh largest cryptocurrency by market capitalization by Coinmarketcap.

## TerraUSD (UST)

[TerraUSD](/news/article/terra-usd) was a stablecoin operating on the Terra blockchain. Unlike other stablecoins, it was an algorithmic stablecoin that used LUNA coin to maintain its peg to the US dollar. It was not backed by an actual dollar, but by an algorithmic stablecoin.

UST coins were created by burning LUNA coins. They could also be swapped for LUNA. How the two coins worked was if the value of UST went above $1, the equivalent value of LUNA would be burnt, therefore minting more UST, making it less valuable. However, if the price of UST dropped below $1, they would be swapped for LUNA, making UST valuable. The two coins relied on each other for stability.

The relationship between the two cryptocurrencies had them both crashing when UST lost its peg to the US dollar.

## The market crash

On 7 May, 2022, more than $2 billion worth of UST was unstaked from the Anchor protocol, a decentralized money market built on the Terra blockchain. Hundreds of millions worth of the unstaked stablecoin was later quickly liquidated. This resulted in UST dropping in price from $1 to $0.91.

Once the huge amount of UST had been offloaded, the stablecoin started to depeg. Investors started to panic, and many of them sold off their UST, resulting in the minting of more LUNA coins, increasing its public circulation.

## After the crash

The UST crash had a devastating effect on the crypto market. The price of Bitcoin fell to $26,000, down 60% from its November 2021 peak. Ether, the second largest cryptocurrency, lost 30% of its value. Coinbase, one of the largest crypto exchanges, reported a loss of $430 million in its first quarter.

Do Kwon, the Chief Executive of Terraform Labs, tried to salvage the situation by proposing a burn of UST via a tweet on 11 May, 2022. The community passed the proposal, but the burning was not a success. It attempted to burn more UST than existed.

On 13 May, Do Kwon proposed another plan to create a new blockchain and leave behind the failed stablecoin. The community accepted the plan, resulting in a new blockchain and cryptocurrency called Terra 2.0 and Luna 2.0.

## LUNA 2.0

It is a new version of the old LUNA coin. It lives on the new Terra 2.0 blockchain and was created to compensate those who suffered heavy financial losses after the TerraUSD crash. It also provided a way for the Terra network to try and recover from the devastating market crash.

The token was released to the public on 28 May, 2022. It started trading at an impressive price of $18.98 and briefly spiked to $19.45 within the first hour of trading. However, by the end of May, it dropped to trading at $8.88. For the rest of the year, it traded between $2 and $1.

It began 2023 worth $1.26, and is currently trading at $2.09. According to [Coinmarketcap](https://coinmarketcap.com/currencies/terra-luna-v2/), it is the 93rd largest cryptocurrency by market cap, valued at $305,627,338. 

The coins have a max supply cap of a billion coins. There are currently 202,010,814 of them in public circulation. They have already been listed on several crypto exchanges for purchase, including Binance, KuCoin, and Crypto.com.

LUNA 2.0 differs from its predecessor in that it does not rely on any stablecoin, algorithmic or not, for stability.

## Luna Classic (LUNC)

[LUNC](/news/article/luna-classic-news-future) is the old Terra blockchain's native token. The blockchain is now called Terra Classic. The token maintains all the properties of the original Terra Luna coin.

After the hard fork, LUNC began trading at $0.0001206 per coin. By the end of May, it was worth $0.0001147. By mid-June, it dropped to trading at $0.00006177. Once in a while, it made some slight price appreciation but not enough to warrant attention. It ended 2022 worth $0.0001452.

It began 2023 worth $0.0001451. It is currently worth $0.0001852. According to [Coinmarketcap](https://coinmarketcap.com/currencies/terra-luna/), it is the 53rd largest cryptocurrency by market cap, valued at $1,107,506,959.

While many people may have lost faith in the cryptocurrency, it is still listed on several crypto exchanges for those who wish to invest in it. Some places to buy the cryptocurrency include Binance, Bybit, Deepcoin, OKX, and Bitrue. The coin has a max supply cap of more than six trillion.

## LUNA 2.0 and LUNC compared

So far, LUNC and LUNA 2.0 are doing pretty well price-wise. The coins are on a positive trajectory, and some investors are a little optimistic about them.

However, Luna coin news latest reveals that LUNC is doing much better than its new version. LUNC price performance has been doing well because of the recent burn.

The LUNC burn is a move that was passed by the coin’s community to try and save its ecosystem and restore its price.

The new Terra Classic blockchain where LUNC lives has a unique coin burn feature designed to reduce the circulating supply of LUNC tokens while increasing their value.

The LUNC burn mechanism automatically burns tokens whenever a transaction takes place on the Terra Classic network. Tokens burned are relative to the number of tokens in circulation, ensuring that the total supply of LUNC tokens is constantly decreasing, which helps with increasing their value over time.

Binance, one of the largest crypto exchanges, is also implementing the LUNC burn mechanism on trades facilitated by it. The exchange has committed to carrying out LUNC burns monthly. So far, the exchange has burned close to 14 billion LUNC tokens.

The Terra Classic community has burned more than 26 billion LUNC tokens. In the last two weeks, as of writing, the community has burned close to 20 million LUNC tokens. Unlike Binance, which executes the burns monthly, the Terra Classic community carries out the burns weekly.

The continued burn of LUNC tokens has not only increased the number of investors buying them but interest in them too. This is why their price has been surging. More than 40 billion LUNC tokens have been burned so far.

LUNC tokens also outshine the new version with a strong community. The token might have rebranded, but it still is supported by a strong community. Its large network of stakeholders continues to go to great lengths to keep it afloat and hopefully get it back to its former glory.

## LUNA 2.0's future

Since its launch, few people have been hopeful about the new Terra token. Several financial analysts have been quite vocal about its quick death and deterring investors from considering adding it to their crypto portfolio.

Founder and CEO of Quantum Economics Mati Greenspan, for example, when asked about the coin's future, stated that it was never meant to live long.

According to Greenspan, the coin was created for a few investors who had heavily invested in its collapsed version as a way to recover some of their losses at the expense of new money coming from the hype. He added that he didn’t see any reason for the coin’s price to ever go up.

Khaleelulla Baig, founder and CEO of Koinbasket, backed up Greenspan's statement by saying the coin had no future because its founder Do Kwon had lost credibility. The project had lost credibility because Do Kwon didn’t build firewalls around the algorithms even when they had an opportunity to do so.

The two are not the only ones who predicted a dismal future for LUNA 2.0 back in 2022. The cryptocurrency has been through a lot. It is obvious why many people would be wary of it and even predict its quick demise.

However, considering Luna coin news latest, it isn’t performing as badly as many thought it would be. Compared to other cryptocurrencies that have been around longer, it is doing considerably well. While its future is hard to predict, it is worth keeping an eye on.


green image of altcoins with LUNA token in the centre

LUNA Coin Latest News

According to Shibburn on Twitter, there have been 17,434,272 [$SHIB](https://twitter.com/search?q=$SHIB&src=cashtag_click) tokens burnt and eight transactions in the past 24 hours. Burning $SHIB lowers its circulating supply while allowing users to earn passive money.

## Shibburn portal

Anyone can use the ShibaBurn [interface](https://burn.shibaswap.com/) to send their [SHIB](/news/article/shiba-inu-coin-burn) tokens to a remote crypto wallet address, the specifics of which will not be stored. This implies that once the crypto tokens transmit to this wallet address, they can never be recovered and are thus lost forever. The objective is that with each burn, the wealth of the community rises, rewarding the long-term work to create Shiba Inu, said Shiba Inu creators in a blog post.

## The reward for Shibburn users

The Shiba Inu crypto coin, based on the Ethereum (ETH) network, was created by an anonymous developer named Ryoshi. Using the Ethereum request for comment (ERC) version 20 protocol, he has now generated another token called the RYOSHIS VISION token. 

According to details within the blog article, if you burn SHIB tokens, users will be rewarded with RYOSHI VISION tokens. Furthermore, 0.49% of all RYOSHI transactions will be given to SHIB token owners who have burned their tokens.

## Advantages of burning cryptos 

Like any other financial asset, cryptocurrencies derive their value from the economic rule of demand and supply. If an item is abundant but does not have enough demand, the price will decline, and vice versa. 

Burning SHIB crypto tokens, or any crypto token, should reduce supply and drive the price (assuming its demand stays constant or goes up). 

[Shiba Inu](/news/article/shiba-inu-news-will-it-rise) is now trading at $ 0.0000121 per (SHIB/USD) with a market size of $6.65B. The 24-hour trading volume is $386.13 million.

The coin does not support smart contracts and has no assets behind it. It can, however, it can pass from one user to another.


What is the Shibburn portal?

Dogelon Mars is back in the news. With a current market capitalization of $183.38 million and a circulating supply of 549,040 billion tokens, [Dogelon Mars](https://twitter.com/dogelonmars?lang=en) is ranked number 152 in the list of cryptos by market cap. It is one of the Dogecoin-themed meme coins.

Dogecoin received some promotion from Elon Musk via a series of tweets in December 2019, leading it to become one of the most sought-after altcoins that produced a massive price appreciation.

Subsequently, various altcoins were created, either bearing semblance to the symbol of Dogecoin (such as Shiba Inu, the name of the dog features as Dogecoin's logo), or by having some labelling with Elon Musk's name. These meme coins found success for a while, but the crypto market downturn has erased the meme effect and left the coins to find their feet on their own value.

## Dogelon: the story so far

In April 2022, a petition was started on Change.org urging Binance to list Dogelon Mars on its exchange. At that time, it was approaching a $1 billion market cap and seeking 25,000 signatures. In October 2022, rumours of a potential listing by Binance surfaced, and the token shot up 4,194%. However, this listing did not materialise. In the following months, Dogelon Mars gave up all these gains. This is not the first time rumours of a Binance listing have dogged the token. Some of these rumours date back to 2019, but have never resulted in anything substantial.

The gains seen in the ELON token this January are not linked to any listing rumours. They have come as the entire market witnessed a slight push to the upside. The recent market gains result from a shift towards risky assets after data from the US indicated a cooling of consumer inflation. The drop in the US Consumer Price Index has led to bets that the Federal Reserve would force down the size of future rate hikes, with 25 basis points being the preferred number.

This is exerting a downward pull on Tether (USDT) and other USD-pegged stablecoins, allowing tokens like ELON to enjoy a level of price appreciation. While the 19% gains seen this January is a far cry from some of its earlier improvements, the Dogelon Mars community seems excited by what they perceive as a renewed push by the meme coin to get back some of its old shine. The fact that 18,448 people have signed the Change.org petition as of writing is a testament that there are still those who want to pressure Binance to list the ELON token.

The push to get listed on Binance came when there was no clear-cut information about its tokenomics and what value the project would add to the crypto ecosystem. At the time, it seemed that everything that Binance touched turned to gold. 

Even tokens that were floundering on other exchanges got a shot in the arm that turned them into a speculator's delight. It was clear then that the promoters of the Dogelon Mars petition were out to cash out big from every token that had some kind of association with Elon Musk or Dogecoin, either by name or otherwise. That attempt may have worked in October 2022, but it is clear that it has failed miserably in the long run.

The deepening winter in the crypto market and the fallout of the collapse of FTX, Celsius, AAX, and several crypto exchanges and lending platforms means it will be harder for tokens to command appreciation from just a mention of a purported Binance listing.

## Dogelon Mars: What does the future hold?

If Dogelon Mars is to rise from the ashes, the team behind the token has to return to the drawing board and think out a strategy to shift this coin from being just another meme coin to something of real value to the ecosystem.

They need not look too far. [Shiba Inu](/news/article/shiba-inu-news-will-it-rise) was the first meme coin patterned after Dogecoin. It rode the speculation train for a while until the team decided to reconfigure the project to extract value for both project owners and token holders. The SHIB project now boasts a robust ecosystem of its own, featuring three tokens (BONE, Shiba Inu and Leash) and the Shibarium Layer 2 protocol. A launch into the Metaverse is scheduled for 2023. The recent resurgence of the Shiba Inu and BONE tokens is not accidental. The Dogelon Mars team needs to follow a similar pathway to make the ELON token a thing of value. The meme effect is not going to cut it going forward.

## Conclusion

The current price action on Dogelon's pairing with Tether (the most traded pair of this asset) indicates the brief upside move that has taken it from the low of November/December 2022 to its current levels appears to have stalled. This situation is in keeping with the current expectations.

The 19% move higher was only a drag effect exerted by Bitcoin on the entire market. For Dogelon Mars to witness any real price recovery to its previous highs, there has to be a concerted effort by its developers to create value from the ecosystem. 

Otherwise, the ELON token may fall by the wayside even before the market takes a turn for the better.

There is still time for the developers behind Dogelon to make the necessary changes. Shiba Inu is a classic example of how value addition can make all the difference in a token's valuation.


Is Dogelon Mars a Buy After the Recent Upside?

News of a drop in the US Consumer Price Index to one-year lows rubbed off nicely on the cryptocurrency market, as [holders of Bitcoin](/news/article/bitcoin-surge-hits-new-heights), Shiba Inu, and several other crypto assets enjoyed some nice gains.

Shiba Inu holders must be heaving a sigh of relief. Having spent the latter part of 2021 and 2022 dipping their fingers in cold water after having them badly burnt, they are enjoying some handy comfort from the recent price appreciation. Even though Shiba Inu is nowhere near its 2021 highs, the recent march from 0.00000790 to 0.00001090 (a 30% appreciation in January 2023) may have brought some value for Shiba token owners who decided to load up as soon as the crypto asset retested the lows of June 2022.

## Why are holders excited?

Several developments have emerged in the Shiba ecosystem in recent times. The SHIB team has presented the basic concepts behind Shibarium, the Layer 2 blockchain of the SHIB ecosystem.

One of the takeaways from the release is the new ability granted to users and Shiba Inu holders to access Shibarium's test tokens through private test networks.

This is in addition to removing one zero from its price (some of us were starting to lose count). There is also some buzz around a rumoured 2023 launch for the long-awaited SHIB Metaverse.

The [listing of the Shiba token on the StealthEX crypto exchange](https://u.today/shiba-inu-shib-boasts-new-listing-as-price-jumps-22-on-weekly-basis) also created some market buzz. StealthEX is a mobile app that provides non-custodial exchange and swap facilities for the three tokens that make up the Shiba Inu ecosystem.

Speaking of the Shiba ecosystem tokens, one of them is already attracting huge interest. The BONE token, which will power all transactions on Shibarium's Layer 2 protocol, is experiencing a resurgence.

After hitting exchanges at $0.4 in June 2022, it reached its all-time high of $2.39 on 30 August 2022 before hitting Q4 2022 lows at $0.60. Since the 22 November 2022 lows, the price of this Shibarium token has more than doubled. This has positively impacted the number of addresses holding Shiba Inu, growing from 1,280K on 11 January to 1,283K on 17 January. The largest Shiba token owner owns 41.03% of the total supply, according to data from Coinmarketcap.com. The next top holder is a distant second, holding just 5.59% of the total supply.

## Is BONE bringing value?

It isn't easy to quantify this. Undoubtedly, the Shiba Inu token has drawn some inspiration for its one-week performance from the BONE token's rise. However, it is too early to say if this correlation will endure or eventually break down. For now, Shiba Inu token holders may only care a little as long as the token keeps heading in the right direction.


green image of SHIBE and BONE coins on pile of crypto coins

Shiba Inu Holders and the Value of BONE

Founded in 2019, Acala is a self-contained decentralised finance (DeFi) network built on and designed to facilitate the Polkadot ecosystem. It's native token is the Acala coin, ACA.

The project has been specifically optimised for DeFi use and is both scalable and Ethereum (ERC-20) compatible.

The [project](https://acala.network/) provides a vast array of cross-chain financial applications, which make it highly flexible and help to maintain consistent levels of demand. Users can trade with Acala Swap, issue self-certified loans through the Acala dollar stable coin (aUSD), access liquidity farming opportunities, and earn staking rewards through Liquid DOT staking (LDOT).

In the future, Acala coin (ACA) will be bridged to Ethereum and Bitcoin, as well as Compound Gateway, which was synonymous with the project's development.

This project is leading the way in developing hybrid crypto and fintech products alongside US fintech company Current and helping to bring DeFi yield opportunities to its three million US customers.

## Tokenomics

ACA is the native token of the Acala network. There are currently some 613 million coins in circulation, which, at current prices, gives a market cap of just over $73 million. The max supply is set at 1,000,000,000 tokens, which are subject to a 0% rate of inflation with a fixed and deflationary profile.

ACA is available from a wide variety of cryptocurrency exchanges, but [Binance](/news/article/guide-to-binance-uk) proves to be the most popular, carrying 58% of ACA/USDT volume. KuCoin, Kraken, and Gate.io are other popular places [to purchase the token](https://coinmarketcap.com/currencies/acala/markets/).

The stand-out feature of Acala is the native stablecoin known as aUSD. As we mentioned above, the project is helping to drive the adoption of DeFi protocols through the use of the Polkadot ecosystem. aUSD can also be used on the Kusama network, ensuring even more stability in its mission to provide parity with the US dollar.

aUSD has been designed to be completely decentralised. It is multi-collateralised and backed by a series of cross-chain assets.

However, it is essential to differentiate between the Acala dollar (aUSD) and the Acala coin, which is the native token for the Acala platform.

At its genesis, the ACA token has been distributed democratically, with 49.6% of tokens allocated to community members. The remaining 50.24% has been split between Backers (11.66%), Early Backers (18.33%), and the Founding Team (20.25%).

## Benefits

The Acala coin (ACA) is the utility token that powers Acala, [the DeFi hub of Polkadot](https://acala.network/acala/token). The token is used for various features, which we will look at here.

•	ACA is used to pay transaction fees which form the lifeblood of validators on the network. Furthermore, the coin is used to incentivise nodes to monitor and relay messages across the Polkadot network.

•	Acala coin holders are entitled to vote on crucial network issues that help drive the project's development. Token holders can also elect future council members.

•	ACA is also used to auto-adjust risk parameters which drive interest rates and collateral ratio. Furthermore, any staked ACA can be used to deploy new Substrate pallets on the Acala blockchain.

## Parachain auction

ACA has been earmarked to support early participants in the Polkadot parachain auction through the issuance of DOT. Once received, a portion of the chosen ACA will be unlocked and become transferable, with the remaining amount vested and slowly released over the duration of the parachain slot.

80% of any ACA resulting from the parachain auction will have a linear vest over the course of the parachain slot release, while 17% of the supply will be issued as rewards to supporters of the first parachain auction.
 
In short, this means that supporters will receive 3 ACA for every DOT contributed, although this number is set to increase depending on your level of involvement. 20% of ACA received from the parachain auction will be unlocked, liquid and usable within Acala's DeFi ecosystem.

## Conclusion

As you can see, there are myriad ways in which holders of the ACA token can help contribute to and secure the network making Acala one of the most innovative and flexible DeFi ecosystems on the market today.

This project is a perfect example of a breed of new and exciting FinTech start-ups helping to create the bridge from the TradFi to the DeFi world.


Green image of tech pattern with acala coin logo in centre

Acala Coin Use and Value Explored

Weave token is the native crypto asset of Weave Financial, a next-generation yield farming platform that allows yield farmers to create custom strategies and harvest yield and use it as they want.

## The platform

Key features enable the yield farming platform Weave to stand out:

### Passive

A platform built and designed for absolute beginners or inexperienced yield farmers. It features a simple interface for ease of use and copy farming service that allows users to find Pro users from whom they want to copy yield farming strategies. Other features include:

•	Audited contracts.

•	Risk-rated strategies.

•	Auto-compounding.

•	Community support.

•	Education for those that want to graduate to Pro level.

### Pro

A platform designed for experienced yield farmers, or pros. It also features a simple but powerful user interface. Other benefits include:

•	Users can build their own smart contracts using the strategy builder.

•	Fully customizable auto-compounding features.

•	Up to 50% performance fee profit share from copy farmers.

•	Cross-chain strategies.

•	Risk management tools.

•	Low fees.

•	Community engagement and support.

There are more benefits for the most successful Pro users. For example, pro users with the highest value of passive users copying their strategy earn additional Weave token rewards. [NFT](/news/category/nft-news) rewards are also up for grabs for top Pro weavers.

## The token

The native Weave token is a BEP-20 crypto asset. It has several use cases, can be used to vote on strategic decisions, and can be used to reduce platform fees. It is also utilized to reward users for using the platform and for staking. Liquidity providers also get awarded the tokens.

The tokens can also be used to pay for various services, including auto-compounding. Pro users have to use them to pay to share their strategies. According to the platform, more token use cases will be added in the future.

The tokens have a max supply cap of 200,000,000. According to [Coingecko](https://www.coingecko.com/en/coins/weave), there are currently 13,889,813 of them in public circulation. Each is worth $0.100063. They are available for purchase on PancakeSwap.

## Are the tokens a good investment?

There are a few reasons they might or might not be a good investment option. They might be a good investment because of the project behind them and the many use cases.

Weave Financial offers what many yield farming platforms don’t, a strategy builder that allows users effortlessly create custom yield farming strategies and harvest yields. The project gives users complete control over their funds. Its use of smart contracts also helps with security, making it more secure.

Other reasons to consider investing in the crypto asset are its relatively low price and how several crypto prediction platforms view it. Their low price makes it easy to invest in the crypto space without breaking the bank. Several prediction platforms foresee a promising future for the coins.

A few reasons to think twice before investing in the coin include its young age, accessibility, and the recent staking smart contract hack. The tokens haven’t been in the market long enough to prove their worth. They are also not easily accessible. PancakeSwap is the only recommended place to buy them.

The tokens also can't be bought directly with fiat currency.

Another reason to be wary of $Weave is the recent [hack on a staking smart contract](https://www.youtube.com/watch?v=r_d4jw51Zd0) that exposed some of the project’s security weaknesses. According to Jonathan Platts, the project's COO and one of its co-founders, a staking contract of the tokens was hacked on 10 November, 2022, and funds were stolen. Not much about the hack has been revealed as it is an ongoing criminal case, again, according to Jonathan.

## Conclusion

$Weave token looks like a great crypto asset. However, considering the recent hack and what the project is planning as a way forward, it might not be the best investment option for now. You might want to look into other crypto assets if you are looking to invest in the crypto space.


green image of weave logo on laser pattern background

Weave Token: What You Need to Know 

Synthetix (SNX) is a cryptocurrency that allows users to trade synthetic assets on the Ethereum blockchain. Synthetic assets are digital assets backed by real-world assets, such as gold. Later, we'll discuss how to buy SNX, but first a bit of history.

Kain Warwick founded Synthetix, which was originally named Havven. The project raised $30 billion in 2018 through an ICO, and the same year, its name was changed to Synthetix in line with its broader objectives.

The Synthetix network is powered by SNX tokens. When token holders stake their SNX tokens using Mintr, they earn weekly rewards.

With a market cap of $445 million, SNX is trading at $2.46, up by 4.55%. The tokens all-time high of $28.50 was hit about two years ago in February 2021, according to [CoinGecko](https://www.coingecko.com/en/coins/synthetix-network-token).

If you're looking to buy this digital asset, you have to perform the following procedure.

## How to Buy SNX on a CEX

The easiest way to buy Synthetix (SNX) is on CEXs such as Binance, Coinbase, Kraken, Bistamp, Gemini, Kucoin, Huobi, Crypto.com, and others.

## Create an Account

Once you have chosen a cryptocurrency exchange to buy SNX on, you must register with a valid email or mobile number. The platform will send a link to your address to verify your account. Once the account is activated, you have to create a strong password.

Usually, most CEXs have strict KYC and AML requirements. This means you must now provide personal information such as name, address, date of birth, and ID document to get verified. You may even have to undergo video verification to finalize the verification process. It's recommended to activate 2FA once your identity verification is complete.

## Fund Your Account

In the next step, you have to deposit funds in your account. Just tap "Deposit Funds", enter your desired amount, and click "Deposit".

Many crypto exchanges support fiat currencies like US dollar and Euro. Choose the deposit method of choice, such as a bank transfer, wire transfer, credit card or debit card, electronic wallet, PayPal, and the currency you want to deposit. You can deposit the local currency from your bank account or credit card or transfer cryptocurrency from another exchange or wallet.

## Buy SNX

The easiest way to purchase SNX is to place a buy order instantly to purchase SNX at a fixed price. Just search for SNX, click "Buy SNX," input the amount you wish to buy, and once confirmed, the SNX tokens will be displayed in your balance.

You can place a limit order, indicating you would like to purchase SNX for a specific price or less. You can set your own price to buy or sell with such an order. Your order gets executed if the market reaches your limit price, and you'll have your SNX tokens in your exchange wallet. But remember, your order will only get executed if the market reaches your limit price.

## How to Buy SNX on a DEX

If you don't want to go through the KYC procedure of a CEX, you can also buy the coin on a decentralized exchange (DEX) like SushiSwap, Uniswap, Bancor, ApeSwap, or EnergiSwap.

## Download a Wallet

First, you must download a digital wallet such as [MetaMask](/news/article/what-is-metamask), Coinbase Wallet, Trust Wallet, and Exodus that allows you to interact with Dapps. These wallets are available for free on the Google Play Store and the App Store.

To use a wallet, you will need first to download the wallet onto your computer/mobile devices, or you can simply use the Chrome extension.

## Fund your Wallet

Once you have downloaded the wallet, create an account, and fund it with cryptocurrency like ETH. You can either buy directly within the wallet or buy the crypto from a centralized exchange and then transfer it to your crypto wallet.

To transfer crypto to your wallet, click on withdraw, provide the required information, including your wallet address and the amount you want to transfer, and then click the withdraw button. Soon, you'll have your ETH in your wallet.

## Connect your Wallet

Now go to a DEX that supports ETH and SNX tokens and your crypto wallet. Once on the platform, click on "Connect a Wallet".

Use Swap to Get SNX

Now use the swap feature by selecting ETH and the number of tokens you want to swap. Then select SNX as the coin you want to get. Once you are done filling in all the information, click on the Swap button. Confirm the transaction, and you'll have SNX tokens in your wallet.

It is wise not to keep your SNX tokens on an exchange. Not only can they get stolen on trading platforms, but you can also lose access to your crypto if the exchange shuts down or goes bankrupt. It's considered a good idea to store your coins in a wallet that you control.


How to Buy SNX

Since its inception in 2016, Cronos crypto (CRO), developed by CRO Protocol Labs - Crypto.com, has aimed to provide a seamless cryptocurrency experience. Fueled by this goal, it has seen mass adoption around the globe. Cronos' rising curve has seen a steep acceleration and does not seem to slow down.

## What is Cronos crypto?

Cronos is a unique next-generation public blockchain created for buyers and sellers. It enables them to use and receive cryptocurrency easily while paying attention to privacy and security.

Crypto.com aims to put cryptocurrency in every wallet. The company takes a special interest in assets that increase value. This particular interest has propelled them to develop several investment opportunities that include:

•	A staking platform for CRO and NFTs.

•	Visa cards with cashback features.

•	DeFi protocols that pay interest.

•	Swaps and farming.

•	Other investment opportunities offering more than 14.5% interest.

## What is a CRO Token?

CRO (CRO-USD) is the native token for [Crypto.com](https://crypto.com/). Initially, it was known as Monaco (MCO), but was rebranded to CRO, matching its exchange, Crypto.com. It was an ERC-20, Ethereum-based token that was migrated to the Cronos blockchain ecosystem, launched in February 2022. The CRO token provides crypto-tied benefits, including buying and selling fiat currency, debit cards, trading, borrowing, and lending.

The total supply for CRO totals 30 billion. This is after the burning of 70 billion CRO tokens, the biggest crypto burning in history, which shocked the globe. The remaining 10.4% billion are secured by smart contracts to be burned monthly upon unlock.

The CRO supply is allocated as follows; 20% reserved as capital, 20% for the network's incentives, 10% for community development, 20% for frozen ecosystem grants, and 30% to be released within five years for secondary distribution alongside launching incentives.

You can use the Cronos crypto as an intermediary currency and to convert crypto to fiat and vice versa at affordable rates.

## How to buy Cronos crypto

The best platform to buy CRO is Crypto.com. However, CRO is not limited to its exchange but is also available on other popular exchanges like Huobi, Kukoin, and [Binance](/news/article/python-get-crypto-prices-binance). Here are the steps to follow to buy CRO:

1.	Select your preferred exchange – Ensure your exchange has listed Cronos. Look at the gas fee and ensure they suit your needs. Check to ensure that the exchange has an integrated wallet.

2.	Choose a payment method – After settling on a particular exchange platform, pick the best payment medium. Remember to check for associated fees. Issuers are fond of treating cryptocurrency purchases like cash advances that incur fees upon initiating transactions.

3.	Place your order – If you have already funded your account on the preferred exchange, you can now navigate to the Cronos CRO page. Select the amount you wish to invest on this page and press enter to continue.

4.	Choose your storage – While many exchanges come with integrated wallets, you can still store your CRO in an alternative wallet. You can choose between the "hot" wallet online or the "cold" offline wallet.

## The CRO price prognosis

Currently, the price for CRO is at $0.08074, ranking it as the 33rd cryptocurrency (26th January). In circulation, CRO supply sums 25,263,013 692 having a market capitalization of $1,579,112.361.
From the Energy Web Token (EWT) perspective, CRO has already hit its maximum retracement targets. A reversal is expected soon.
CRO has multiple utilities and thus offers high hopes for investing in it.

In 2023, according to our analysis, expect the price to range between $0.71 and $1.07. The average price should be $0.89. 

Moving forward to 2024, you can expect prices between $0.9 and $1.36, with an average price of $1.13. In 2025, the price could range between $1.15 and $1.73, averaging $.144. The 2026 expectations lie between $.146 and $2.20 and an average price of $1,86.

This is an optimistically smooth appreciation curve for long-term investors. However, remember that it is all based on its ongoing developments and social sentiment from the online community.

## Wrap up

Cronos crypto is still in its infancy. Having performed well last year and proven to have invested in interesting developments like credit cards, NFT staking platform, and DeFi passive earning schemes. 

CRO is likely to go up, but could just as easily go down. Crypto is volatile. Deep research of a specific cryptocurrency is needed before investing.


navy and green image of hexagon pattern with cronos crypto hexagon logo in centre

Cronos Crypto Price Prediction

Ever since 2017, DAI has been adopted and widely used because of its non-volatile characteristic. The belief is that certain cryptocurrencies will gain enough traction to be globally adopted and used for trading, enhancing the global finance ecosystem. But how do you convert DAI to GBP stablecoin?

## DAI

DAI is a decentralized cryptocurrency, specifically, a stablecoin. 

Stablecoins are crypto versions of traditional currencies like the US dollar (USD) that solve the volatility query with many cryptocurrencies. DAI is pegged to USD and maintains a 1:1 ratio against USD.

DAI is built on the Ethereum blockchain-based application. You can receive, store, and or transfer it to anyone despite their location without the need for an intermediary. Unlike other cryptocurrencies, it does have a central authority controlling its supply in circulation.

To get value, DAI relies entirely on demand. When you deposit ETH or any alternative ERC-20 token into the market as collateral, DAI is created and provided to you at a collateral loan ratio of 66%. This criterion increases the overall supply and acts as a prime value source.

Use cases for DAI include a secure store for value, a stable payment method, and a reliable tool for minimizing risk among crypto traders. You can also get access to loans without the need for approval from creditors.

## GBP stablecoin

GBP is a stablecoin backed by the sterling pound with an alternative market name of "pound token". You can redeem GBP one-for-one with the sterling pound.

While the initial launch was [Ethereum](/coins/eth) blockchain-based, the developmental team, Blackfridge, has plans to bridge other networks. You can buy and or sell GBP on Gate.io, Bittrex, and Uniswap.

The key reason behind this project was to provide a seamless way to convert fiat GBP to cryptocurrency without delay. Other use cases are a rigid value store and smooth exchange for value. The pound token goal is to provide stability and boost the stablecoin market confidence through strict regulation and frequent comprehensive audits. It aims to be the benchmark for other stablecoins.

## Converting DAI to GBP

To convert DAI to GBP, you need a wallet for storing your crypto. If you are a beginner, I would recommend opening an account at [Binance](https://www.binance.com/en).

Navigate to the buy/sell crypto tab and click on buy. Once you click on "buy crypto", the available payment options in your country will pop up. Key in DAI, pick your preferred payment means and enter your credentials. Press enter to confirm your order. Go back to your wallet and check your balance. It should reflect the purchased amounts.

Now go to [Binance Convert](https://www.binance.com/en/convert), found at the top left corner under the "Trade" section. On the 'convert' page, select DAI, and the desired token, GBP. Preview the conversion rate through the convert button. 

You can refresh every five seconds to get a new rate, perhaps a better one. Click on convert and GBP will be available in your wallet in less than a second. Ensure you follow these instructions to get the best conversion rates for DAI to GBP.



Green image of pile of GBP coins with DAI crypto coin in centre of the pile

DAI to GBP Stablecoin Conversion

Dogechain bridge allows holders of $DOGE coin to gain more utility for their coins beyond transactions.

This year has been a rollercoaster for crypto lovers. From [TerraLuna's collapse](/news/article/terra-luna-collapse) to [FTX's bankruptcy](/news/article/ftx-collapse-blockfi-suspend-withdrawals), many events shaping the crypto market have occurred this year. They have led crypto holders through many emotions, including fear, anxiety, worry, relief, and devastation.

Amid all this chaos, Dogechain was launched in September.

## What is Dogechain?

First, I'd tell you what it isn't. Dogechain isn't an offshoot of Dogecoin, regardless of how similar they sound and how intertwined they are.

There are many technical and somewhat unclear definitions of Dogechain out there. The simple explanation is that Dogechain is a Proof-of-Stake blockchain built on the Polygon network to improve and increase DeFi access for Dogecoin users.

Dogechain was built to improve Dogecoin and create new avenues where it can be used to access the wider world of DeFi. Polygon Edge, the network on which the Dogechain is built, supports the building of EVM-compatible (Ethereum virtual machine) blockchains that allow the creation of decentralized applications, tokens, and the minting of NFTs.

This opens considerable possibilities for Dogecoin holders, who can now gain more utility beyond simple transactions from $DOGE. But how will that work when $DOGE cannot be used on Dogechain?

## How does Dogechain bridge work?

To combat the compatibility problem between $DOGE and Dogechain, the founders of Dogechain created the Dogechain bridge.

The idea of a bridge in cryptocurrency isn't new. Dogechain bridge was built on that concept to find a way for Dogecoin users to port and use their $DOGE in the new blockchain.

How the Dogechain bridge works is that when you send $DOGE,  a multi-signature smart contract keeps the $DOGE in escrow and then mints its equal in $wDoge. So, if you send 200 $DOGE, you'll get 200$wDOGE which you can then use to [access DeFi, buy NFTs, or use DApps](https://learn.bybit.com/blockchain/what-is-dogechain/).

You should note that Dogechain has a minimum amount of 100 $DOGE you can send over using the Dogechain bridge. Anything less than 100 $DOGE wouldn't fulfil the requirements for the smart contract conversion of $DOGE to $wDOGE.

Beyond the immediate ability to use Dogecoin on an EVM blockchain, this Dogechain bridge almost completely erases the barriers to entering DeFi and NFTs for holders of the famous memecoin.

It also means more development and growth for Dogechain. Developers can build DApps, Metaverse, GameFi, and digital marketplaces, while Dogecoin owners can interact with Dogecoin on those apps.

## Concerns over Dogechain bridge

The concerns around the bridge converge on one point - security. However, Dogechain says it has this under control. Although they won't be using Polygon's security measures, they are prepared to ensure secure transactions for users.

## Conclusion

Dogechain is just a few months in and has already seen massive interest. As of now, more than 200 million dollars worth of Dogecoin has gone through the bridge. Although this presents as only 2.5% of all the $DOGE in existence, it is still a great start.

As more people explore and benefit from this new ecosystem, more will be excited to join. It's just a matter of time.


green image of techy modern bridge with dogecoin on centre

Dogechain Bridge Explained

## How to summarize the Sweatcoin crypto offering?

Imagine if someone walked up to you and said you could be paid just to take a stroll. You know, earn money to stay fit and in shape.

Crazy right?

Your alarm bells would go off, unless you're some kind of professional athlete or you aspire to be one.

Those of us with their bells ringing can attest that when things sound too good to be true, you're right most of the time. But in my case, the steps of more than 120 million users of Sweatcoin drowned my alarm bells and triggered my fear of missing out (FOMO).

I had to check the app, and I'll share what I've learned so far.

## SWEAT crypto move-to-earn history

SWEAT, or Sweatcoin crypto, is a cryptocurrency one can earn by simply walking. It launched in 2016 as a pioneer in the move-to-earn app space by co-founders and fitness enthusiasts Oleg Fomenko and Anton Derlyatka.

The original [Sweatcoin](https://sweatco.in/) app paid users in-app coins to do physical activity. But these in-app coins, known as Sweatcoins, weren't cryptocurrencies because the mobile app wasn't built on a blockchain. It would take nearly six years for that to happen, ushering in the SWEAT token as a cryptocurrency that can be exchanged for fiat money or other digital assets.

## How the SWEAT token works

For your first 5,000 steps of the day, you get 5 Sweatcoin crypto tokens, a departure from the original reward system of 1 Sweatcoin for 1,000 steps. In the words of the SWEAT team, SWEAT works by having validated steps mint tokens that can be exchanged for gift cards, product discounts, digital assets like altcoins and [NFTs](/news/article/free-nfts), and fiat currency.

On the SWEAT Economy website, we get a glimpse of the current state of the ecosystem and the direction development and community building are heading. Described as The Open Economy of Movement in its litepaper, SWEAT describes the minting of Sweatcoin crypto as a form of contribution to the ecosystem and society.

Each Sweatcoin crypto token earned will be harder than the previous one. That is to say that although 1,000 steps generate 5 SWEATs, it'll gradually mint fewer and fewer SWEAT tokens in the coming months and years.
It's an intentional incentive to increase the physical activity of their users. 

Inactivity is deterred by a Decentralized Autonomous Organization (DAO) fee as a check to SWEAT token inflation and a way to keep users accountable for their physical activity journey.

When it comes to tokenization, SWEAT has several ways to generate value for its token. Advertising plays a significant role. Across its web 2.0 and web 3.0 platforms, it has more than 120 million users. As a business or tech project looking to reach nearly half a billion eyeballs, you'd need to pay substantially and do so in SWEAT crypto.

Then there are premium subscriptions users can pay for a better app experience. Some of these incentives include NFTs, exclusive markets, and social channels.

Individuals will be in charge of their data to do with it what they like - including selling it to whomever, if the individual so desires, via SWEAT.

## Features of Sweatcoin crypto

Some of the features of SWEAT crypto include:

•	Transfer: SWEAT uses its vast platform of more than 120 million users to attract businesses that offer products as opportunities to gain customers. The SWEAT team tries to find a balance where its shows products and advertisements that truly improve users' lives.

•	Staking and rewards: SWEAT incentivizes users to stake their SWEATs for interesting yields. Some of these motivations include lower transaction fees, premium services, and extended SWEAT minting limits per day. The rewards in the apps are better as well.

•	Fiat on-ramps: Thanks to MoonPay, users can pay for SWEAT crypto tokens using fiat currency from credit cards. And the SWEAT team is working to include other cryptocurrencies as well.

•	NFTs and Games: Here, SWEAT developers are working to bring engaging and fun games with interesting NFTs to inspire users to compete for SWEATs. This is quite similar to what you see on move-to-earn projects like Genopets.

## Takeaways

Looking to the future, SWEAT crypto is expanding its DeFi services. First, it is looking to develop governance and on-chain via the SWEAT DAO.

Then there's the NFT marketplace and decentralized exchange integration. A flurry of activity is headed to an entire economy of movement, with better movement validators for physical activities such as swimming and cycling, and better opportunities in movement data analytics.

The downturn in the economy has dealt a huge blow to Web3 enthusiasts. Across the board, NFTs, cryptocurrencies, and crypto projects have lost as much as 90% of their value. The app looks promising, and the founding team is passionate and talented; time will decide if this project will succeed.


green image of person walking with sweatcoin move-to-earn company logo on top

Sweatcoin Crypto and What You Need to Know 

Luna Classic (LUNC), formerly Terra Luna (LUNA), was given a new name after a disastrous crash. After the collapse, Luna Classic news said the recovery procedure would be carried out to create a new chain supporting future transactions.

Terra Classic (LUNC) created the stablecoin TerraUSD by destroying LUNA with the help of smart contracts. 

TerraUSD's price was fixed to the US dollar for 18 months before being unpegged to retain its value against it.

This unpegging resulted in the death of TerraUSD and the LUNA coin. To validate transactions, the new LUNA will employ the Proof-of-Stake mechanism, which can also be used for passive revenue. The project has a total supply of 6.88 trillion coins, and the price reached an all-time high of $119.18 in April 2022.

## Luna Classic news and Do Kwon

In recent Luna Classic news, it was reported that South Korea was attempting to revoke Kwon's passport, which might compel him to return home. According to [Bloomberg's](https://www.bloomberg.com/news/articles/2022-10-06/crypto-fugitive-do-kwon-is-set-to-lose-his-south-korean-passport) Luna Classic news, a request has been made to the country's Foreign Ministry to cancel the travel passport. A warrant for his arrest and those of other members has already been issued.

According to Yonhap News, Seoul Southern District Court Chief Warrant Judge Hong Jin-Pyo has cancelled the arrest warrant for Terraform Labs co-founder Shin Hyun-Seong and other Kwon partners. The judge found "minimal chance" that Shin or Terra associates would destroy evidence connected to the crypto firm's claims.

The announcement is a relief to Terra Luna Classic investors, who had been worried about the implications of the arrest warrants on the cryptocurrency corporation and its price.

According to the report, Terra co-founder Do Kwon is unlikely to return to South Korea due to ongoing legal processes.

Even though many [cryptocurrency](/news/article/cryptocurrency-crash) investors blame Kwon for their losses and the current bear market, he has remained socially engaged after Terra's collapse. In September, the Terra co-founder declared that he was "making zero attempts to hide" from the police.

He even participated in a live webcast with the infamous hedge fund manager and pharmaceutical executive Martin Shkreli. They discussed FTX and Shkreli's time in prison.

[Terra Classic (LUNC)](/news/article/terra-luna-classic) had a modest price boost due to this being regarded as a good occurrence for LUNC investors.

## Price analysis

The LUNA Classic (LUNC) price has increased in the previous 24 hours. During that period, the altcoin's price increased by 0.47%. Much of the weekly gains have been erased due to daily chart losses.

With the demise of [FTX](/news/article/ftx-uk-warning), LUNC has been teetering on the brink of a negative trend for some time. The coin lost more than 10% of its market value in November. LUNC is currently displaying consolidation beneath its immediate resistance mark.

There is a new update on the development front - the first look at TerraDart's new Alpha bundle. TerraDart is a Dart SDK used for developing applications that connect with the Terra blockchain, which has released a new package named Alpha. The Alpha package has been made available in Flutter and Dart environments to interface with the LUNC blockchain.

## LUNC's 2025 forecast

According to Telegaon, the lowest and maximum LUNC pricing in 2025 will be $0.0089 and $0.028, respectively.

Other analysts believe that LUNC's average price in the coming year will be $0.015, based on its recent performance.

Coinpedia, on the other hand, is less hopeful about the future of Luna Classic. In 2025, LUNC is expected to trade at a high of $0.002846 and a low of $0.001094. It will cost $0.001776 on average in that year.

## LUNC's 2030 forecast

Telegaon remains confident about the prospects of LUNC in 2030 as well. It forecasted that LUNC would trade as high as $5.23 and as low as $1.93 in 2030, with an average price of $3.11.

LUNC's price, on the other hand, is expected to oscillate between $0.002603 and $0.002834 in 2030, according to Bitcoin Wisdom. According to the forecast, its average price in the given year will be $0.002719.

## Technical analysis

In November, the coin demonstrated a positive divergence, following which the price of LUNC increased somewhat. 

Despite this, the bulls were unable to increase their strength. The Relative Strength Index was nearing 40, indicating that the coin was approaching the oversold zone.

Likewise, the LUNC price was lower than the 20-Simple Moving Average line, indicating a lack of demand. The reading also suggests that sellers were driving the market's price momentum.

The Chaikin Money Flow model represents capital inflows and outflows at a certain time. The indicator was below the half-line, indicating that capital inflows were modest. Regarding purchasing power, capital inflows have also decreased due to a lack of investor interest.

The Directional Movement Index displays the asset's overall price direction and trend. DMI was negative because the -DI (orange) line was higher than the +DI (blue). The Average Directional Index (red) was below 25, suggesting that the present price movement is losing strength.

LUNC is now selling at a price 100% lower than its all-time high, set around nine months ago.

## Conclusion

When making a LUNC coin price forecast, consider that cryptocurrency markets are still very volatile. This makes it impossible to precisely anticipate a coin's price in a few hours and even more challenging to make long-term predictions. As a result, analysts and algorithm-based forecasters can and do make incorrect forecasts.

If you are considering investing in crypto, we urge you to do your own research first. Before making any investment choice, consider the most recent market trends, news, technical and fundamental analysis, and expert opinion. 

Remember that previous success is not an assurance of future results. Only trade with funds you can afford to lose.


green image of luna classic logo over blockchain background

Luna Classic News: What's the Future?