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?

The Boba coin price has been bullish in recent times. Why is that?

Boba Network is a brand-new platform that provides lightning-quick transactions and costs up to 100 times lower than Layer-1. For the first time, the power of Web2 will be available on-chain through a technique called hybrid computing. Execution of complicated algorithms like machine learning classifiers or data collection from the actual world can be accomplished by smart contracts by calling any external Web2 API.

## Bullish trend

Boba coin is designed to help people save money when they buy gas. This coin has an inbuilt discount system that allows you to get a 25% discount on your gas fees.

Among the various cryptocurrencies, Boba coin price has experienced [a bullish trend over the past month](https://coinmarketcap.com/currencies/boba-network/). Its price has been steadily climbing over the last three days. However, it is still in a relatively low range. A slight correction is expected in the next few days.

In the short term, Boba might see some resistance levels. 

Several factors could influence its value. For instance, regulations and taxes could make it more expensive to invest. Also, technological developments and news events could affect its prices.

Another factor that may be influencing the Boba coin price is celebrity endorsements. Many celebrities promote NFTs on social media, which could help drive the price higher. Similarly, government plans can have a positive impact on the market. To determine the direction of the price, most investors use a combination of technical and fundamental analysis.

## Boba coin price on the cryptocurrency market

The current BOBA value is [$0.1868, with a market cap of $63,397,682](https://www.coingecko.com/en/coins/boba-network). Many factors, such as government regulations, technology advancements, and tax policies, influence the token's exchange rate.

Boba aims to become a pragmatic L2 and gain adoption from developers and users. The network also aims to gain more accessibility to the market by implementing an open-source, decentralized network. It uses Ethereum as a settlement layer, making transactions faster and cheaper.

The network experienced a bullish period in the past year. It gained 28% over the 14 days leading up to 8 April 2022. The market capitalization of the token increased by 44.9%, indicating that the price was relatively stable. The average daily transaction fee was also high.

There is a potential for the Boba coin price to drop a bit because the COVID-19 pandemic caused economic distress across the globe. News events have impacted the crypto markets. Some newsmakers have been promoting NFTs on social media. It is also possible that [new DeFi protocols may be deployed on the platform](/news/article/what-is-a-defi-token), which would challenge OolongSwap's dominance.

In the future, the network will increase its value, boosting market sentiment among cryptocurrency enthusiasts.

## BOBA tokens offer a 25% discount on gas fees

Using the BOBA token, developers can plug code into algorithms on web-scale infrastructure to create complex problems. This platform is compatible with the Ethereum network, allowing users to transfer money faster than conventional Layer 2 solutions.

This platform will provide users with near-instant transfers between L2 and L1 while also providing low costs of transactions. It's built on optimistic rollup architecture, making possible sophisticated algorithms on-chain.

The network features an incentivized yield farming mechanism for liquidity providers. This enables users to earn interest on digital assets. They can pay for gas with their native BOBA tokens, boosting user options and trading volume.

Boba's Hybrid Compute mechanism allows for fast transactions and can process more than 60x more transactions than traditional Layer-2 solutions. It also provides on-chain access to games, enabling game development on the blockchain. The network plans to expand to other L1s, attracting developers and game enthusiasts to the platform.

Boba's circulating market cap surged in Q3 2022, a result of high activity. However, the overall market cap stayed relatively stable, indicating that the token's value was not a major driver. Its TVL has remained steady, declining since the spike.

The network has two key contributors: OMG Network, formerly known as OmiseGo, and Enya, a blockchain infrastructure company. The company has been responsible for implementing the Fast Exit to L1 protocol and cross-chain bridging.

Boba has the potential to be a key player in the DeFi ecosystem. The platform's unique features can help users build a better, more robust blockchain game. As the number of new contracts deployed on the network grows, it will likely be a significant driving force in the future.


Boba Coin Price Analysis

According to CoinGecko statistics, the value of [ADA](/news/article/cardano-price-prediction) increased by more than 21% late Sunday, re-entering territory not seen since November. Cardano, the eighth-largest cryptocurrency by market capitalisation, witnessed its price surge to $0.33, a level not seen since 19 November. Cardano's value increased faster than that of the top two cryptocurrencies, Bitcoin and Ethereum.

## Why has the price of Cardano risen? 

The reasons for the jump in ADA this week need more examination. The blockchain's most recent key milestone was the September deployment of the [long-awaited Vasil split](/news/article/cardano-vasil-hardfork). Nonetheless, Cardano co-founder [Charles Hoskinson](https://iohk.io/en/team/charles-hoskinson) has recently received considerable attention.

Hoskinson's company, Input Output HK, is preparing for the upcoming release of the Lace Cardano wallet. In June, Hoskinson announced the establishment of Nessie's, a restaurant and whiskey bar accepting ADA. Hoskinson also announced on Thursday that his new Hoskinson Health & Wellness Clinic in Wyoming would accept ADA as payment.

## Views on the price of Cardano going up 

Cryptocurrency [trader](https://www.benzinga.com/markets/cryptocurrency/23/01/30325079/ethereum-rival-cardanos-20-surge-amazes-analyst-did-they-figure-out-a-cure-for-cancer) Lark Davis was shocked by ADA's remarkable price jump, asking: "Did they discover a cure for cancer or something?".

Dan Gambardello, a trader, has publicly claimed that ADA is cheap and oversold.

## The price of Solana also increases

Solana had the best opening week of the year of any top-20 coin, with a 60% rise in seven days. It's a stunning comeback for SOL, which fell more than 41% in the aftermath of the [FTX crash](/news/article/ftx-bankrupt-who-to-blame). Solana, sometimes dubbed an "Ethereum killer," was a favourite of Sam Bankman-Fried. 

According to CoinGecko, the disgraced founder's fall from grace last autumn brought Solana with it, down 94% from its all-time high of $259 recorded only one year previous. Last week's increase occurred as Solana creators released a new, Shiba Inu-themed BONK currency to compete with SHIB. Even though the launch celebration was short-lived, BONK outperformed all major cryptocurrencies during the week.


cardano cryptocurrency coin over image of crypto trading app with green filter

Price of Cardano and Solana Up 21%

[Dogecoin](/coins/doge) introduced a new genre among cryptocurrencies, which is meme coin. It was followed by the tokens like [Shiba Inu](/news/article/shiba-inu-coin-burn), Baby Doge, Dogelon Mars, and others. Now, a newcomer, [Tamadoge](https://tamadoge.io/) is making waves in the industry. 

The [meme coin](https://www.investopedia.com/meme-coin-6750312) introduces you to the Tamaverse. It is a fun play-to-earn (P2E) game where these tokens are the natives. The gameplay and the platform's working are similar to [Axie Infinity](/news/article/axie-marketplace-platform). Here, Tamadoges are your NFT pets; you can breed, mint, train, or fight battles with them.

Are you wondering what’s the hype about Tamaverse and whether you can generate profits with TAMA? Let’s find out!

## How does the Tamadoge P2E platform work?

Tamaverse introduces a complete crypto game that could compete with top-rated [play-to-earn games](/news/article/play-to-earn). The ecosystem is inspired by Dogecoin, and the game is themed on it. It offers its native cryptocurrency, Tamadoge (TAMA), and Shiba Inu-like non-fungible tokens. 

It is an idle fighting game that you have to play with your pet Tamadoges. You can train them for the fights and breed and mint them to get more NFTs. You can also improve your ranking on each month’s leaderboard as you win battles. 

Moreover, the game plans to create augmented reality-based gaming experiences in the coming years. It will allow you to socialise with fellow gamers through your NFT characters. Therefore, Tamaverse is considered to be a much more advanced version of the Doge ecosystem.

## What’s Tamadoge crypto (TAMA)?

Tamadoge crypto is the utility token on the platform. You can make all types of trades within the ecosystem through TAMA. Currently, each TAMA token’s value is $0.01712, according to [CoinMarketCap](https://coinmarketcap.com/currencies/tamadoge/). Furthermore, there is a max supply of 2,000,000,000 tokens with a market capitalisation of $22,601,744. 

It is a deflationary token, so there are currently 1,418,004,176 TAMA in circulation. From the total supply, 50% was introduced in the market at the presale, and 20% was reserved for the exchange pool. Another 30% is dedicated to future Tamadoge projects and will be unlocked in 10 years. 

## Tamadoge: Why all the hype?

Although it has many similarities with meme coins, it is backed by an innovative and diverse project. It is the first project which is not only famous for [memes](/news/article/elon-musk-memes) but also offers various utilities. 

The token was launched in July 2022 and already has a market cap of $22,601,744. It is a remarkable feat for any blockchain project undertaken in a crypto winter. Moreover, the crypto has also made its all-time high of $0.1957 a couple of months back. It is showing an upward movement of around 28% in the past 24 hours.

The platform aims to shape a Metaverse through P2E gaming and incorporating augmented reality. That's why it is gaining the attention of both the meme community and gamers. Because of this, it is well-positioned to make strides in the future. 

## How to buy TAMA?

If you are intrigued by this meme coin, here’s how you can buy it!

1.	Create an OKX account
Tamadoge is listed only on a few crypto exchanges as of now. However, OKX exchange is one of them, and you can easily purchase TAMA through it. Firstly, you have to create an account on the exchange. 

It is a straightforward task that requires your phone number, email, and a secure password. You can go ahead with the signup by providing these details and then confirm your account with the code link. 

2.	Purchase USDT
Afterward, you must purchase Tether ([USDT](https://news.monitalks.io/coins/usdt) to get TAMA coins. Use your card, debit or credit, to buy the stablecoin from OKX directly. If you already own USDT in another wallet, you can transfer the amount to the exchange wallet.

3.	Buy TAMA
With this, you will be all set to buy TAMA coins from OKX. Here, go to the Trade option and then click on Spot Trade. Then look for the USDT/TAMA trading pair and select the Market tab. Finally, enter the amount of Tamadoge you want and proceed with Buy TAMA. 

## Closing thoughts

Tamadoge is a new addition to the group of [meme coins](/news/article/memecoins-whats-popular). Since its launch, it has created much buzz in the industry in such a small span. 

Its diverse TamaVerse attracts gamers, too, as it offers P2E functioning. Also, as it aims to introduce AR-based experiences, it will further increase the use cases of the coin. Therefore, the hype for this new coin is very much justified.


Tamadoge 101 - A New Meme Coin

Koda Apex, aka KAPEX crypto, is a utility token designed to reward those who stake its sister token, $KODA. However, this coin can also be used for payments for both products and services. The main difference is the lower fees associated with [KAPEX crypto](https://koda.finance/kapex/).

Koda describes itself as 'a long-term deflationary store of value for SummitBC Ecosystem investors'. Due to its inflationary tokenomics, the project is an excellent choice for long-term investment, it claims.

Let's look at some of the main features and benefits of the project.

## Rewards

As mentioned above, KAPEX crypto is essentially the reward token for those staking on the parent network. In addition, every transaction across the ecosystem increases the token's liquidity.

So other than rewards for passive staking, what other benefits are there to holding the coin? The benefits are wide-ranging and include:

•	Paying of exchange fees.

•	Paying service and product fees.

•	Purchasing of NFTs.

•	Paying staff or contractors.

•	Motivating team members as a bonus.

•	All business-to-consumer transactions.

•	Peer-to-peer transactions.

In addition to the above, the project has very low network fees, resulting in ultra-low transaction costs. Its supply is controlled by algorithmic tokenomics and backed by its sister coin. Furthermore, anyone looking to unstake their KODA will need to pay for this with KAPEX.

It sounds like an excellent crypto to get involved in, and, with prices currently at historic lows, now is a good time to buy. But are there any drawbacks?

## Compromise

Sadly, the program was compromised via both PancakeSwap and SummitSwap on 17 October, 2022, with the loss of some 78 BNB coins equalling £21,561 of user funds. As a consequence, the management team has advised not to buy the coin going forward. The exact details are unclear, but it appears to be the result of a [vanity address exploit](https://koda.finance/kapex-exploit-on-17th-october-2022/).

This hack and the subsequent price drop are obviously alarming and not a great look for the team behind the project.

Both tokens are managed by 'Summit Better Crypto Limited', which describes itself as a "PR and marketing firm specialising in the promotions of projects within the Cryptocurrency world".

As the company was only set up in May 2021, no filings of accounts are available for analysis. Furthermore, the company website states, "SummitBC employs third-party developers to support the projects we are promoting". Make of this what you will.

Something we can take away from this project is the urgent need for comprehensive [regulation in the crypto space](/news/article/crypto-regulation-uk). While there is nothing to suggest that there has been any wrongdoing in this example, the collapse of KAPEX value shows that consumers desperately need better protection.

Furthermore, this example shows that it is important for consumers to carry out stringent due diligence to ensure any investments they make are based on realistic future projections rather than promotional shilling through social media or so-called 'crypto influencers'.


green image of  cryptocurrency with triangle kapex logo

Kapex Crypto: Signal for Tougher Regulation?

[Crypto.com](https://crypto.com/) was one of the sponsors of the 2022 [FIFA World Cup](/news/article/world-cup-vr-viewing) in Qatar. The initiative was taken to promote its Cronos crypto (CRO). It was expected that the publicity campaign at the biggest sports tournament would boost the coin's value.

However, the tournament offererd little exposure to CRO. It failed to trigger any significant price action for the coin. While many cryptocurrencies were consolidating their positions before a potential rally during Christmas, CRO is still bearish. Currently, the trading price of Cronos is only $0.064.

## CRO’s market value dropped by 50% in November

Instead of getting a boost, the Cronos crypto price fell by more than 50% in November. The FIFA World Cup did not benefit Crypto.com in providing global exposure. It is partly because of the politicisation of this sports event. The ban on wearing LGBTQ+ armbands and the prohibition of alcohol at tournament venues created controversy. 

Currently, the media is mainly generating negative headlines for FIFA and the Qatari Government. It has taken the limelight from the sponsors and has somewhat affected their reputation. 

## The effect of FTX contagion

The [collapse of the FTX exchange](/news/article/ftx-collapse-blockfi-suspend-withdrawals) also played its part in the price decline. It has become an unstoppable contagion that has affected numerous DeFi projects. The entire cryptocurrency market experienced the impact of its collapse in November.

CRO suffered from the FTX crash as it is an exchange token like FTT. The FTT token was the native token of the FTX exchange. Likewise, CRO powers the Crypto.com exchange. Cronos felt burnt as investors lost trust in tokens dependent on exchanges' performance.

Unfortunately, CRO remains one of the coins that failed to recover. It was trading at around $0.12 at the start of the month. But after the first week, it saw a sharp decline that persists. At the end of the month, it had shed more than 50% of its market value. It is now trading at around $0.064, according to [CoinMarketCap](https://coinmarketcap.com/currencies/cronos/).

## Cronos crypto price prediction

Currently, Cronos’ crypto price is less than its 200-day and 50-day simple moving averages (SMA). It is showing a continuous bearish trend while indicating high selling pressure. Moreover, the trends are neutral to bearish for the coming weeks. 

Now, let’s see the long-term price predictions for Crypto.com coin. The forecast from [PricePrediction.net](https://priceprediction.net/en/price-prediction/cronos) shows that next year, CRO’s price will average $0.098. Besides, it may top the price charts with $0.11. Moreover, in 2025 it is likely to maintain the average market value of $0.22. According to these insights, it is expected to reach the $1 mark in 2030 and will average $1.44 in the year. 

In comparison, [Coin Codex](https://coincodex.com/crypto/cronos/price-prediction/) predictions are slightly bullish. It predicts that in 2023, CRO’s value may reach $ 0.193269 to $ 0.332090. Moreover, it suggests that the token may hit $1 in 2025. Potentially, its price may reach $ 1.634169 in the new year. 

## Is Cronos crypto a good investment?

The [Crypto.com coin](/news/article/crypto-com-card) blockchain introduces an open-source protocol. It allows the mass adoption of digital assets and promotes the benefits of ownership. The token also has the backing of one of the most influential exchanges in the market. 

Unfortunately, at the moment, investor confidence is relatively low in such exchange-backed tokens. It is showing bearish trends and has already shed 50% of its value in a month. It seems highly unlikely that the coin will recover in the near future. That's why it does not seem like a good time to buy Cronos.


green glowing cronos crypto logo on black background

Cronos Crypto Publicity Falls Flat at World Cup

November was quite unforgiving for cryptocurrencies. The gripping [FTX contagion](/news/article/ftx-bankrupt-who-to-blame) has affected the price of [Bitcoin](/coins/btc) and most of the altcoins. However, one altcoin that has made tremendous gains in this choppy market is Ape coin. 

The Ape coin price saw a massive positive rally in the few weeks. Its value has increased by over 28% in the final days of November. Currently, the token is changing hands at $3.88

## ApeCoin - the top performer in the market

Among the top 50 cryptocurrencies, [ApeCoin’s performance](/news/article/top-performing-crypto) has been the most impressive. Where most of the tokens show bearish or neutral trends, the Ape Coin price surged by over 28%. The token also ended the last month with a high of around 25% increase. At the end of October, it closed with its value touching the $5 mark.

However, it saw a sharp decline after the first week of November. In the middle of the month, its value hovered under $3. But towards the end, it had again attained some positive momentum. 

The Bored Ape Yacht Club [(BAYC) NFT collection struggled](/news/article/bayc-nft-suffered-from-ftx-crash) during this period. It slipped to the second spot in the NFT collections price list. Nonetheless, it has reclaimed the No.1 spot. 

Currently, the performance of ApeCoin is only second to DOGE. In the last week of November, Dogecoin had soared by over 29%, just slightly higher than Ape. This rally helped the memecoin regain the $0.1 mark. As of now, DOGE is being traded at $0.1004.

## Ape coin price today

According to [CoinMarketCap](https://coinmarketcap.com/currencies/apecoin-ape/), the token is ranked 30th in the market. Currently, the APE price is $4.15, up by around 1%. It maintains a market cap of $1,483,792,223 with a 24-hour trading volume of $238,275,000. 

Despite the significant gains, the token is showing high volatility. That's why there's still fear among the traders. Besides, it has been trading below its SMA (simple moving average) for the last 200 days. Therefore, there is still intense selling pressure in the market. 

## What’s ApeCoin and its ecosystem?

ApeCoin is the ERC-20 token introduced by the [Ape ecosystem](https://apecoin.com/). It is one of the most popular Web3 platforms because of its highly acclaimed NFT projects, [BAYC](https://boredapeyachtclub.com/) and [MAYC](https://opensea.io/collection/mutant-ape-yacht-club). Besides its collection of non-fungible tokens, its creators also introduced a fungible token. This token has a maximum supply of 1,000,000,000. 

The coin was created to govern its decentralised autonomous organisation (DAO). It helps in building the platform's community by providing them with incentives. Also, it allows every member to become part of the decision-making and gives members access to exclusive events, games, or merch on the ecosystem.

## Token allocation

Its total supply is divided into four major parts. The largest part belongs to its ecosystem, which is 62%. The second largest portion goes to [Yuga Labs](https://www.yuga.com/) and charity. The other two parts are allocated to launch contributors and BAYC founders.

![Picture1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture1_e017eb844f.png)
  
## Final thoughts

The Ape Coin price has skyrocketed in November. With an increase of over 28%, it became a top performer in the market. After decreasing in value in mid-month, it’s again on its way to breaking the $5 mark. On the other hand, [DOGE](/news/article/dogecoin-twitter-impact) is the only token ahead of Ape in this race.


green crypto coins with apecoin logo and two apes sat down

Ape Coin Price Up 28% in Last Month

Play to earn is a corner of crypto with a huge following in the Far East. The rise of the [Carbon platform](https://crbn.io/), and the Carbon token, could help P2E make its mark in the West.

Play to earn is the concept of earning crypto for playing games on your mobile or computer. Rewards usually come in the form of NFTs or cryptocurrencies, earnt by players for completing tasks or winning battles against opponents. P2E games are built with blockchain technology, allowing users to buy, sell, and trade any in-game items, tokens, or NFTs with other players and on the open market.

[Click here for a detailed breakdown of the roots of P2E, or GameFi](/news/article/what-is-gamefi).

## Next level gaming

The latest P2E platform to hit the market is Carbon gaming. With three titles already slated for release, Carbon allows users to accrue passive income while indulging in their favourite hobby.

Each game is crafted to give players unique gaming experiences. From Snakes to Battle Tanks to Isles of Carbonia, this diversified platform is helping to usher in the next level of online gaming.

Every game allows users to accumulate either Carbon token (CRBN) or NFTs. These can then be held or traded via popular platforms such as UniSwap, PancakeSwap, Gate.io, or HotBit.

## Mobile app

However, Carbon is not just about gaming. This powerful platform provides users with various extra features, such as social media, encrypted messaging, a crypto portfolio tracker, and micropayments for tipping.

Carbon is yet to be developed for the Apple iPhone, but an Android mobile app can be found on the [Google Play store](https://play.google.com/store/apps/details?id=com.carbon.social). The desktop version can be found at [Carbon.social](https://play.crbn.io/). Whatever platform you choose to access, the experience is flawless throughout.

## Tokenomics

The Carbon token, CRBN, has a max supply of 50 million and a circulating supply just short of 33 million. With a current token price of $0.0157, the project has a total market cap of $518,000.

Given the popularity of P2E gaming in South East Asia, there is every chance Carbon will prove as popular as other play-to-earn giants like [Axie Infinity](https://axieinfinity.com/), which boasts more than 700,000 online players.

Carbon has a strong following on social media, with more than 15,500 followers on Twitter, where followers are supplied with product updates and giveaways. Interested parties can also find more information via [Telegram](https://t.me/carbonsocial) and [Discord](https://discord.com/invite/YFEZ47aYpK).

Each game boasts a vast range of ways players can gather Carbon token, which leads to a satisfying and rewarding experience. Users can even earn rewards for creating social media posts and encouraging engagement which adds a whole other angle to the user experience.

Furthermore, you don't have to be a crypto expert to enjoy the Carbon platform. Setup is easy and instructions are helpful and clear, meaning players can create a profile and start gaming, and earning, within minutes.


carbon token logo on a blue and black backgorund. 

Carbon Token: New Ways to Play and Earn

Recent events in the cryptocurrency market demand that traders get acquainted with new altcoin trading tips if they want to see changes in their trading outcomes.

The last few weeks have provided plenty of drama in the cryptocurrency market. This has added further stress to traders who have seen positions dwindle since the market crash that started in November 2021. We have not seen many upsides lately, so traders have been limited to clutching at straws, especially after the collapse of the second-largest crypto exchange.

## What is altcoin trading?

There is a distinction between altcoin trading and altcoin investing. Those who invest in altcoins typically hold them for an extended period to ride out any storms and end up with gains at the end of the day. For instance, some altcoin investors bought into the initial coin offerings (ICOs) of 2017 and rode out the market downturn of 2017-2020, ending up with gains. This article is not tailored toward such market participants.

Altcoin trading involves buying and selling various altcoins to profit from short-term and medium-term price movements. Such traders would usually spot trade on various exchanges or prefer the riskier crypto perpetual market, where it is possible to trade on a bi-directional basis (i.e. going long and short). Altcoin traders are very actively setting up positions all the time, so they need to have their crypto coins on the exchanges all the time. As the FTX saga has proven, this introduces a new level of risk to the trader. The [altcoin trading tips](https://icoholder.com/blog/trading-altcoins/) covered here are for this category of market participants.

## Altcoin trading tips in a bearish market

How do you trade altcoins when the market is bearish as it is right now? Anyone can buy and profit when the market is bullish. But being able to profit in a bearish market is what separates kids from adults in the market. It is possible, whether you believe it or not, to work around a bearish market and trade profitably.

Since the crypto market is currently bearish, how do you go about trading altcoins in a market where prices are more likely to fall than rise? Successful trading of altcoins in any market condition requires understanding some basic principles of price action. There are other things the trader must also be familiar with. These are all mentioned in the altcoin trading tips listed below.

## Altcoin Trading Tip 1: Understand what a trend is

The concept of the trend was introduced to the trading world in a series of writings by Charles Dow, co-founder of the Wall Street Journal and creator of the Dow Jones Industrial Average. This concept forms part of what is now universally known as the Dow Theory. Charles Dow indicated that price action did not move in a straight line but, like an ocean wave, moved around in zig-zags within the context of the general tide of the ocean. 

He likened the price action in the financial markets to the movements that constitute an ocean tide. Mr. Dow indicated that a tide consists of waves, and waves are a collection of ripples. In other words, price action has smaller components. He also opined that the tides were the major trends, the waves were the secondary trend, and the ripples were the minor trends. The major trend was seen on long-term charts, while the secondary trend was the medium-term price action. Price moves on smaller time frames were said to be a minor trend.

Charles Dow also said there were three possible price directions: upward, sideways, and downward. These correspond to the uptrend, range-bound (consolidation) phase, and downtrend. The postulates of Charles Dow have formed the basis for price action analysis, and these still hold in all financial markets, including the crypto market. 

Understanding the roles of the ripples and waves in the formation of the tides will help you navigate the price moves in any market condition, including the present bearish market. So even in a bearish market, there will be periods of brief recovery, consolidation, and an extension of the downtrend. The same occurs when the trend reverses.

## Altcoin Trading Tip 2: Understand how to manage risk

Bitcoin and several altcoins have been known to produce wild price movements. When altcoins move, they move hard. The ability of your account to survive any contrary moves of the market when you have active positions is a function of risk management. Your account must live to be able to fight another day. 

The market rule is that the trader should commit at most 3% of his account size in market exposure. Some traders commit 20% or more to altcoin trades and are surprised at how fast their positions are taken out by reverse movements when trading perpetual contracts. It is better to aim for incremental profits than to target home runs.

## Altcoin Trading Tip 3: Trade what you are familiar with

From this writer's observations, there are altcoins with a reputation for heavy price movements. These are:

1.	Recently listed altcoins (Luna2, Aptos, etc).

2.	Altcoins linked to BTC when the latter is moving quickly (Fantom, Loopring, Yield Finance, Ripple, Litecoin, Bitcoin Cash).

3.	Recently, tokens directly linked to FTX, such as [Solana](/news/article/solana-to-gbp-conversion).

The price movements of these altcoins are very rapid when there is extreme volatility. If you are not familiar with the extreme volatility that can come with trading these altcoins, you are better off avoiding them - trade only familiar tokens. Try to research some altcoins and understand how their price moves play out. Then trade them on a practice account until you are familiar with them.

## Altcoin Trading Tip 4: Have a strategy and stick to it

No piece on altcoin trading tips will be complete without mentioning the role of having a strategy in successful altcoin trading. You must have a strategy and stick to it. A strategy is usually conditions that must be fulfilled on the charts for a trade entry and exit to be validated. Having one introduces the element of discipline and allows you to filter trade conditions properly.

A strategy must include additional elements such as risk management and risk-reward ratios. You must also develop the appropriate psychology when trading. Know when to keep trading even after a loss and when to walk away. Do not force your entries or exits.

You can get a programmer to create a bot that embodies your strategy elements so that trades only become active when you meet the strategy parameters.

## Altcoin Trading Tip 5: Don't make your stops too tight

Setting tight stop losses is a sure way to lose your account. If you set your stop too tight, the market move could trigger that stop before the trade moves in your direction.

Why do traders set their stop losses too tight? It is usually due to the fear of losing. This fear of loss comes from taking on too much risk. If the trader decides to reduce risk exposure to a minimum, it will allow for a more generous stop placement that enables the trade to breathe. If the trade ends up being a loser, the lower risk will also reduce the scale of losses. The price action only sometimes takes off in the trader's preferred direction. It may enter negative territory (the drawdown) before it becomes positive.

## Altcoin Trading Tip 6: Know how to identify support and resistance

Support is a price at which selling pressure starts to dry up. Resistance is a price at which buying pressure starts to fade. From this definition, it is clear that a support level/zone is a potential buy area. In contrast, a resistance zone/level is a potential point to sell or exit existing long trades.

Knowing how to identify support and resistance areas will help you not stay in altcoin trades for too long. It will also help you get better entries and exits for your trades. Recall that altcoins make rapid moves in wide ranges when the crypto market is volatile. You want to avoid seeing a profitable position start to reverse against you because you did not exit at the right point. You also want to enter early enough to catch a decent move.

The identification of support and resistance will eliminate such mistakes. Standard support and resistance tools include trendlines, pivot points, channels, and Fibonacci price levels.

## Altcoin Trading Tip 7: Avoid long trading breaks

Do not allow yourself to get "trade rusty". In soccer, there is a phenomenon known as match rustiness. In boxing, it is known as ring rust. It is a well-known fact that taking extended breaks from an activity that requires repetition to attain perfection results in a loss of cutting edge because of the inactivity.

If you take long breaks from trading, you start to lose a dimension of your edge. If you have had a string of bad results, you should stop trading a live account and switch to a demo to retain an element of your mental affinity for trading.

## Conclusion

The altcoin trading tips discussed above only represent part of the gamut of what you need to do to remain a consistent altcoin trader. However, if you can incorporate several of these altcoin trading tips into your day-to-day trading activity, you will see positive changes in your trading career.


Altcoin Trading Tips