While [Bitcoin](/coins/btc) is the big boy of the crypto world, many other coins, known as "altcoins," have emerged in recent years. But which are the altcoins to watch?

Finding the most outstanding altcoins can be difficult due to the many options available, but it's well worth it because these currencies can often yield triple-digit returns.

We've conducted research and put together some of the most interesting altcoins to watch closely in 2022, in no particular order. But first, we need to understand what an altcoin is.

## What are Altcoins?

The term "altcoin" is made up of two words: "alt" and "coin," where alt means "alternative" and coin means "cryptocurrency". They denote a type of cryptocurrency alternative to the digital Bitcoin currency when used together. Following Bitcoin's success, a slew of alternative peer-to-peer digital currencies sprung up to compete.

## Top Altcoins in 2022

### Litecoin: Litecoin (LTC) is a cryptocurrency that was founded in 2011 as a result of a fork in the Bitcoin blockchain. It was created in response to developer worries that Bitcoin was becoming too centralised and making it more difficult for large-scale mining companies to obtain an advantage in mining. For example, a Bitcoin block takes roughly 10 minutes to mine, but a Litecoin block only takes two and a half minutes. The supply of Litecoin is set at 84 million, and the current reward for mining a block is 12 and a half Litecoins, which will be cut in half in 2023.

### NEO: NEO is a Chinese-based blockchain platform, cryptocurrency, and network for decentralised programmes, or dApps. It was influenced by networks like Ethereum, but with a few significant technological changes.
According to its designers, NEO was created for the "Smart Economy", which combines digital assets, digital identities, and smart contracts into one seamless environment. The goal of NEO was never to destabilise China's fiat currency but rather to assist the country's economy is transitioning to the blockchain era.
Despite the Chinese government's crackdown on ICOs and cryptocurrencies, NEO has been able to raise the funding necessary to develop and launch its initiatives, fueling concerns about a possible link between the business and Chinese officials.

### [STELLAR (XLM)](https://coinmarketcap.com/currencies/stellar/): Stellar is a decentralised network that allows users to generate, send, and trade various cryptocurrencies. It was founded in 2014 and debuted in 2015 with the goal of connecting the world's financial systems into a single network.
Like other blockchain-based decentralised platforms and exchanges, Stellar is distributed across numerous servers. This means that a single entity does not supervise the behavior on Stellar. Stripe, one of the major payment gateways in the world, stated plans to replace Bitcoin with XLM in early 2018. As a result of this news, Stellar's price increased by 20% due to this announcement, cementing the coin's position as a Bitcoin alternative.

### ETHER (ETH): The cryptocurrency utilised on the Ethereum blockchain network is called Ether. Ether is known to be the second-largest cryptocurrency in the world, after bitcoin, in terms of market capitalisation. Hence it might be called the largest of the 'altcoins.'
Vitalik Buterin, a programmer, introduced Ethereum as a platform in 2013, and the network went online in 2015. It's mostly used as a decentralised finance platform, but it's also been used to assist with developing other altcoins via initial coin offerings.

### DOGECOIN ([DOGE](/coins/doge)): Dogecoin is the final altcoin we'll discuss in this article, and it's one of the most recent to get mainstream notice. This interest is partly due to celebrity endorsements like Elon Musk, Snoop Dogg, and Gene Simmons on social media.

Dogecoin began as a parody of cryptocurrencies, but it has since grown in market value and popularity. Dogecoin is a digital asset based on a fork of the Litecoin code that serves as an accessible entry point for crypto newcomers. It is based on a division of the Litecoin code. Since its inception in 2013, Dogecoin's popularity has sparked the development of a slew of copycat memecoins, which have grown into their [industry](https://prnews.io/blog/video-journalists.html) of fun digital assets that demonstrate the market worth of internet culture in the digital economy.

## Conclusion

Some people see this low-price phase as an opportunity to increase their crypto holdings before prices rise again. However, much depends on your financial situation and expectations for how crypto will perform in the long run.

Buying crypto may make sense if you only invest money you can afford to lose and have other financial goals, such as retirement savings and an emergency fund.

These altcoins may be interesting in July for various reasons, but don't buy them hoping for a quick profit. Furthermore, don't buy something just because the price appears low; it could go lower. Instead, take time, thoroughly investigate the topic, and maintain a long-term perspective.


Altcoins to Watch: The Top 5

This article is about investing in new altcoins - how to start, what to do, the risks, and ones to watch out for.
Altcoin is the short hand for alternative coins, which refers to all cryptocurrencies that aren't Bitcoin.

## How can I get started with new altcoins?

There are a few ways to acquire new altcoins: buy them on an exchange, mine them, or receive them as a gift.
If you're looking to buy altcoins, the most common way is to use an exchange. You can search for a list of businesses that offer a variety of altcoins on their platform. But it is highly advised to do your research before choosing an exchange, as some are more reputable than others.

You'll need to purchase a [mining](/news/article/best-crypto-miner) rig to start mining altcoins. This can be expensive, so research and compare different rigs before purchasing. Once your rig is set up, you'll need to download mining software and configure it to start mining coins.

You could also participate in airdrops. Airdrops are when a cryptocurrency project distributes free new altcoins to the community. To participate in an airdrop, you only need a wallet address where the tokens will be sent.

## What are the risks of investing in new altcoins?

When it comes to investing in new altcoins, there are a few risks you should be aware of. Firstly, new altcoins are incredibly volatile and can go up or down in value rapidly. Secondly, new altcoins are still in their early stages and may not be as developed or reliable as more established cryptocurrencies.

Finally, altcoins are often less regulated than traditional currencies, so there is more potential for fraud or scams. As with any investment, it's essential to do your research before investing in any altcoin.

## What are the most promising altcoins right now?

Bitcoin is the most well-known and established cryptocurrency on the market, but many other altcoins are worth looking into. These cryptocurrencies have been created in response to Bitcoin and often offer different features or solutions to the problems that Bitcoin has.

Some of the most promising altcoins include Litecoin, Ethereum, Cardano, Polkadot, Polygon, Cosmos (ATOM), and Dash.

Litecoin is similar to [BTC](https://bitcoin.org/en/), but has a faster transaction speed and a lower transaction fee.

Ethereum is a wildly popular cryptocurrency, second in popularity after BTC, and is based on a platform where decentralized applications are developed.

Dash is a cryptocurrency that offers private transactions and instant payments.

If you're interested in getting into altcoins, it's essential to research to find out which ones are the most 
promising for you. As with any investment, it's always important to be cautious and aware of the risks involved.

## Conclusion

Choosing which new altcoin to invest in can be challenging as there are so many.

Research carefully and find coins with a good team behind them, a solid plan for the future, and a good track record. No matter what happens, never invest more than you can afford to lose, and remember to keep your coins safe.


How to Get Started With New Altcoins

In the crypto space, there are many thousands of altcoins, each created for its own purpose. But what are altcoins?
[Bitcoin](/coins/btc) was the first widely known cryptocurrency and is, currently, the most popular. It paved the way for more crypto projects to follow, and every one of them is an altcoin, or alternative coin.

So, if you ask what are altcoins, they are simply every cryptocurrency that isn't Bitcoin.

## What are Altcoins - The Details

There has been much buzz around altcoins in recent months. This was due to Bitcoin suffering a dramatic loss in value, inspiring investors to look at alternatives. However, the market downturn affected most of the leading altcoins as well as BTC, so that didn't always work out.

As Bitcoin prices recover, the altcoin buzz remains. That's because wherever BTC values go, many other crypto prices are likely to follow.
In this article, we'll look at some of the altcoins on the market, as well as what makes an altcoin valuable and the techniques and strategies widely used to generate significant returns on altcoin investments.

Many altcoin cryptocurrencies are based on the same basic structure as Bitcoin. As a result, most are peer-to-peer, necessitating a mining process. Even though they share many characteristics, altcoins can differ significantly from one another.

Some popular altcoins:

•	Ethereum
•	XRP
•	Tether
•	Cardano
•	Polkadot
•	Stellar
•	USD Coin
•	Dogecoin
•	Chainlink
•	Uniswap
•	Shiba Inu

## Types of Altcoins

Despite all being inspired by Bitcoin’s open-source technical blueprint, every altcoin, on the whole, seeks to be unique.
Many crypto enthusiasts treat altcoins as though they were just another type of asset. They do, however, fall into one or more well-defined categories.

While altcoin is the general name used to identify coins that are not Bitcoin, they divide into different categories. These include:

•	Stablecoins 
•	Memecoins 
•	Utility tokens
•	Governance tokens 
•	Security tokens 
•	Forks 

Let's look at the popular ones: Stablecoins, memecoins, and utility tokens.

## Stablecoins 

A stablecoin, unlike other cryptocurrencies, is a less volatile coin. The value of a stablecoin is pegged on a fiat currency, for example, the US dollar. They are not affiliated with the fiat currency they are pegged to, just affected by the currency's value. Examples include USDT and BUSD.

## Memecoins

Memes are usually jokes about existing cryptocurrency. They are often created in large quantities and influenced by large cryptocurrency communities. They pump really fast and, often, dump just as fast. That said, some of these coins do have prospects. Examples include Dogecoin and Shiba Inu.

## Utility Tokens

These are tokens used to pay for transactions, mint tokens, trade services, and receive certain access within any particular blockchain network. An example of a utility coin is Ethereum, the second-largest cryptocurrency in the crypto market. 

Other altcoin types not highlighted are useful as well, but not as well used as those listed.

## Are Altcoins Legit?

There are many thousands of altcoins, with new ones being launched all the time. Many have made investors large profits and continue to perform well. Many new entrants have strong prospects because of their potential utility.

Sadly, we cannot say that all altcoins are legit. While many are genuine and successful, there are scams and frauds which blight the crypto space.

[Pump and dump schemes exist](https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/pump-and-dump/#:~:text=A%20pump%20and%20dump%20scheme%20is%20a%20type,selling%20the%20securities%20at%20a%20high%20price%20%28%E2%80%9Cdump%E2%80%9D%29.). They seek to entice investors with promises of an exciting or unique new altcoin, then cash out once the price soars and leave investors with almost valueless coins.

To avoid scams, do your own research. Read widely, look for white papers and use case explanations.

## Are Altcoins Long-Term Investments?

The answer depends on the particular altcoins. Not all altcoins are long-term investments; some excel when they are newly created and never come up again after that. These have become known as shitcoins.

Other altcoins have been on a steady growth path from launch.

Ethereum is a good example of a long-term coin, but the price is much higher than that of other altcoins. There are other good long-term coins, but DYOR is the best way to figure out which is an investment possibility. 

## Avoiding Shitcoins

Shitcoins are cryptocurrencies with little or no value. They usually have no purpose and are created in really large numbers.
It is pretty easy to spot shitcoins as their prices increase quickly after the launch and start dumping once investors remove their investments. 

How do you identify these shitcoins? Well, the answer is to do your own research. Take a look at the crypto you are planning to invest in online. Find out if the company has a purpose, the number of tokens created, how these tokens are circulated, and how the company operates.
Though shitcoins are bad investments, most people still invest in them as a scheme to get rich quick. Many have become rich through investing in shitcoins, but many others have lost fortunes.

If you must invest in shitcoins, you must learn not to be greedy and know when to pull out your investment.

## Which Altcoin Will Be the Next Bitcoin?

After 'what are altcoins?', this is the big question.

Most crypto investors are eager to know if there will be an altcoin as successful as Bitcoin.

That's because of FOMO - fear of missing out. Early investors in BTC benefited from engaging at the start - they bought at low prices and now hold BTC worth substantial amounts.

Investors don't want to miss being in on the ground floor of the next Bitcoin.

Is it possible for an altcoin to do better than Bitcoin? Well, yes, it is. Most of these altcoins use more advanced technology than Bitcoin, and there is more publicity now about cryptocurrency. Although it could happen, knowing which of the altcoins will achieve Bitcoin-style success is difficult.

There is high volatility in the crypto market, meaning it is not predictable.

Once again, DYOR. There are many altcoins with good prospects, do your research on them, and most importantly, invest wisely.

## Conclusion

Not everyone holds altcoins in high regard, especially bitcoiners. That doesn't change the fact that altcoins are here to stay or that they can also make suitable long-term investments.

There are altcoins not to trust, like shitcoins and a fair few memecoins, but that doesn't make them all bad.

A benefit of investing in altcoins is not putting all your eggs in one basket. If you only buy Bitcoin, your portfolio's fortunes rise and fall with BTC. Diversify and spread the risk.


What is an Altcoin? A Good Investment or Risky? 

Elon Musk  has found himself in the news again as The Boring Company, an infrastructure and tunnel construction services company owned by the serial entrepreneur announced that customers can pay for rides on its Las Vegas transit system “Loop” using Dogecoin (DOGE).

This announcement was made on Wednesday, July 6, per a report by Cable News Network (CNN). This news comes on the back of May’s announcement of SpaceX soon accepting Dogecoin as a payment option for merchandise, joining Tesla.

Loop allows passengers to travel in Tesla vehicles driven by humans at around 35 miles per hour (mph). Riders need to scan a QR code to buy a ticket. As of July 2022, Loop rides are free. 

With that said, the company plans on rolling out charges to passengers in the not-too-distant future. Despite the listing of DOGE as a payment method, customers who are not interested in the use of the meme-inspired currency are free to use other alternative methods of payment. 

In 2021, while [DOGE](/coins/doge) reached new price milestones, The Boring Company landed a great deal to construct more than 50 stations which is a part of a massive tunnel network underneath Las Vegas. 
 
This year has not been good for cryptocurrencies and the first meme-inspired digital currency has been one of the hardest-hit coins. 
As of 11:15 a.m. BST on Thursday, July 7, DOGE was down 90.76% from its all-time high (ATH) of $0.7376 recorded on May 8, 2021, per data from CoinMarketCap.

The coin was exchanging hands for $0.06879, had a trading volume of approximately $378.62 million, and this corresponded to a market capitalisation of around $9.12 billion. 

Despite the downturn of the market, this statistic is impressive since it maintains DOGE as a medium-cap digital asset (at least $2 billion and at most $10 billion in market value) which continues to make strides to reclaim its large cap status. 

Despite being [sued](https://www.monitalks.io/coins/doge) by an investor for billions of dollars lost in Dogecoin investments, Musk took to Twitter to say, “Support DOGE wherever possible.”





Elon Musk’s Vegas Loop starts accepting  DOGE payments

[Gala (GALA)](https://app.gala.games/) is a valuable utility token that serves as a means of exchange among Gala Games ecosystem participants. GALA crypto is currently built on the Ethereum blockchain and follows the ERC-20 protocol.

Gala Games' fundamental idea is stated on their website as they think the blockchain should be invisible in their games. They employ basic game principles that all participants may enjoy, regardless of whether they consider themselves blockchain experts. 

## Gala Blockchain gaming platform's short history 

Gala Games was founded in 2020 by Eric Schiermeyer and Michael McCarthy to create a gaming environment in which players have total ownership and Management of their in-game assets.

Schiermeyer formerly worked for Intermix Media, the firm behind MySpace, and was a co-founder of Zynga, a billion-dollar company created in 2007 to connect the globe via games. McCarthy was the creative director of Zynga, where he designed the famous Facebook game Farmville 2. Early on, the two saw the potential of play-to-earn games, which allow users to earn money while allowing creators to focus only on game quality.

Gala Games focused on decentralization from the start, causing the firm to reject an early distribution, such as an ICO, to enable an organic deployment of the tokens via its node network. Gala's first strategy was to develop the gaming network by selling 'Founder's Nodes,' which serve as the foundation of Gala Games' ecosystem. These nodes distribute incentives through Gala tokens, NFTs, and governance authorities.

Gala is now focusing on developing its own blockchain GalaChain, forming collaborations, and purchasing well-known gaming firms. GalaChain was designed to reduce network expenses and give greater scalability than Ethereum. Gala has also made strides in establishing partnerships with brands such as Frank Miller, Under Armor, and AMC's The Walking Dead, with several more on the horizon. Gala Games plans to disrupt the free-to-play model pioneered by Fortnite, in which gamers rent in-game items from the developer.

The maximum quantity of the GALA crypto token is set at 50 billion units. Approximately 7 billion GALA are now in circulation. This is around 14% of the complete total. Gala Games has 1.3 million or more active users.
 
## How does Gala crypto work?

A custom utility and governance token, a reactive blockchain, and NFT technology are all part of the Gala Games ecosystem. Developers may use these tools to build on the network.

Non-fungible tokens (NFTs) can be held by Gala Games ecosystem participants and used to affect game administration. The Founder's Nodes voting system allows gamers to determine the games Gala creates and funds. Gala Games uses its utility token, GALA, to buy NFTs for certain games.

## What is Gala crypto used for?

Developers use Gala's blockchain technology to create better and more profitable titles. The network aspires to adapt the most recent and profound metaverse chances to produce more enjoyable blockchain-powered games.

Gala intends to offer gamers a share of the billions of cash gaming platforms generate. The network aims to enable users to extract value from gaming ecosystems through [NFTs](https://www.monitalks.io/news/category/nft-news) and other digital assets, benefiting Gala blockchain backers and gamers. Supporters, notably those who manage network nodes, are compensated with GALA crypto tokens for their efforts in supporting the Gala ecosystem and peer-to-peer transactions. Meanwhile, gamers may exit the game and trade their items for other popular cryptocurrencies on various decentralized markets (DEXs). These users may also use GALA tokens to purchase extra NFTs and in-game products.

## Gala crypto current price and future predictions

Gala's price has dropped by 28.51% in the last seven days. In the previous 24 hours, the price fell by 6.25%. The current price per GALA is $0.05625. Gala is 93.30% lower than its all-time high of $0.8367. There is now 6,977,205,436 GALA in circulation.

According to Walletinvestor, the Gala historical index gets a 'C' grade but is an excellent long-term investment. Gala's AI analyst predicts a 339.6% increase by May 2023, with gains doubling to 625.8% in 2024. Gala day traders will win from day trading in bull markets. Gala will continue to perform in 2025, with a 91% ROI. ROI will reach 1477.5% in 2027, beating several financial indices. In the immediate run, Gala expects May to close at an average price of $0.039, down from $0.09.


GALA Crypto Explained 

The Eclipse crypto project is a Binance Smart Chain-based utility token. The currency will be used to purchase features on Eclipse-built platforms, with Eclipse Charts, a charting platform for BSC tokens, being the first to be unveiled.

The Eclipse token will be used for:
1.	Payment for new Eclipse platform features 
2.	Advertising and boosting on Eclipse platforms

Eclipse token holders will be rewarded if they spend their Eclipse tokens.

Every transaction is taxed with a 6% fee, of which 3% is redistributed to all token holders at the time. The remaining 3% is split in half, with 50% sold by the contract into BNB and the remaining 50% automatically paired with the aforementioned BNB and added to PancakeSwap as a liquidity pair.

The developer retains 1% of the total, while the remaining 4% is held in dxsale token lock for 3-6 months.

## Eclipse crypto current price

The current Eclipse price is $1.40e-9, and the 24-hour trading volume is $193.50. Eclipse has increased by 1.14% in the previous 24 hours. It currently ranks #7138 according to the CoinMarketCap ranking, and the live Market cap is not provided. The circulating supply is unknown, with a maximum supply of 1,000,000,000,000,000 Eclipse coins.

## Eclipse price prediction

There is a possibility that the ECP coin will go to $0 in the near future as the ECP project is nearly dead. It has not shown any development since last year. Their last tweet was on the 29 November 2021, which stated that they are working on reprogramming the more significant parts of EclipseCharts, and the ECP would move to Moralis Framework so that they can speed up further development.

Users have complained and some even advise staying away from the project. Some argue that ECP should not be allowed to trade as it is a dead project. Considering these points, the future of ECP is not looking bright, and it may go to $0 by the year 2024.

Also, if you look in more detail, the 24hr trading volume of this project is less than $200. This makes it a very unpopular option in the market.

If you're looking for a place to buy Eclipse at the moment, PancakeSwap is the best cryptocurrency exchange for trading Eclipse tokens. It could be seen as a very risky investment, with little to no information coming out from the team. This could even mean the project is not even as serious as it should have been. You must wait and watch, and see what's happening and if there is any update. Until then, you could look at the other solid projects and safeguard your investment.

## Why do you need to re-think before investing in Eclipse?

The [Eclipse](https://coinmarketcap.com/currencies/eclipse-ecp/) project aims to use its Eclipse tokens as payment for new Eclipse platform features. However, we do not have any news about this platform or any information on who would use or advertise on Eclipse platforms, especially when there are already social media giants with millions of users every day.

No further update since November forces us to consider whether the project is still alive and functional or not. Also, many of the tweets use the phrase "our service providers", which somewhat indicates an outsourced tech team that's working on providing updates.

To be clear, there's nothing bad in outsourcing the work, but if we don't have any idea of who constitutes the core team, their capabilities, and what their ambitions are, it becomes a difficult choice to invest in such projects.

Also, Eclipse Charts, the most hyped development by the Eclipse team to date, remains the sole significant achievement in the past year. So, it would be a better decision to wait and understand more about the future of the project before jumping in and hoping it to be the next Solana.

For more crypto coin news, check out [Latest Moni](https://monitalks.io/news/category/crypto-coin-news).

Eclipse Crypto Explained

Dogecoin is the meme cryptocurrency which made headlines in 2021 with rapid and massive value increases. Looking ahead, many are asking, 'is DOGE going up?'. Here we look at the Dogecoin price predictions for the years ahead.

## What is Dogecoin?

Dogecoin (DOGE) is an open-source, peer-to-peer cryptocurrency. It is an altcoin and known as a snarky meme currency. Dogecoin was launched in December 2013 with a Shiba Inu dog logo. Unlike Bitcoin, which was created to be limited, Dogecoin was designed to be numerous, with 10,000 new coins generated every minute and no maximum supply.

## What makes Dogecoin valuable?

Like any other asset, [DOGE](https://www.monitalks.io/news/article/elon-musk-dogecoin) is valued by the market based on supply and demand. Given the large supply, demand has had to skyrocket to drive prices as high as they have recently. That happened early in 2021, when prices soared by around 7,000%. This was partly thanks to retail investors on Reddit (such as the wall street bets subreddit that ignited the "meme stock" craze) working together to increase prices. The price rise was also helped by the blossoming crypto boom, and months of apparently tongue-in-cheek tweets by Tesla founder Elon Musk, punctuated by his appearance on Saturday Night Live in May 2021.

The rapidly increasing value of DOGE in 2021 attracted media, and social media, attention. This created a loop, attracting new investors, which, again, drove prices up. When an asset significantly increases, FOMO (fear of missing out) draws a flood of new traders. DOGE is a very volatile cryptocurrency, and there is no assurance that it will rise or fall in value in the future.

## Dogecoin's ascension

With the Japanese dog Shibu Inu as its emblem, Dogecoin advertised itself as a "fun" alternative to Bitcoin. The informal introduction of Dogecoin matched the tone of the emerging crypto community. Its script algorithm and limitless supply defined a speedier, more versatile, and user-friendly form of Bitcoin.

Dogecoin is an "inflationary coin". In contrast, cryptocurrencies such as Bitcoin are deflationary due to a cap on the number of coins that may be issued.
The Dogecoin network donated 27 million Dogecoins (about $30,000) in January 2014 to sponsor the Jamaican bobsled team's journey to the Sochi Winter Olympics. A few months later, the Dogecoin community gave $11,000 in Dogecoin to help build a well in Kenya and $55,000 in Dogecoin to help NASCAR driver Josh Wise.

## What can you do with Dogecoin?

Dogecoin has been chiefly utilized on Reddit and Twitter as a tipping mechanism to reward the creation or sharing of high-quality content. You may obtain free Dogecoin by joining a digital currency group or get it via a Dogecoin faucet. A Dogecoin Faucet is a platform that will offer you a small quantity of Dogecoin for free as an introductory to the currency, allowing you to start engaging in Dogecoin communities. You buy or sell Dogecoin on any exchange supporting the digital currency, hold it in a Dogecoin wallet or on an exchange, or tip it in any Dogecoin-accepting community.

## Dogecoin's price prediction - is DOGE going up?

### Dogecoin Price Forecast 2023

Based on recent year's Dogecoin pricing, it is estimated that the minimum price of Dogecoin in 2023 will be about $0.15. The most likely DOGE price is approximately $0.17. In 2023, the average trade price might be $0.15.

### Dogecoin Price Forecast 2024

Based on the technical research by cryptocurrency experts about the values of Dogecoin, in 2024, DOGE is anticipated to have the following lowest and maximum prices: roughly $0.21 and $0.26, respectively. The projected trading cost is $0.22 on average.

### Dogecoin Price Prediction 2025

Cryptocurrency specialists have studied the values of Dogecoin and their changes over the last years. It is anticipated that in 2025, the lowest DOGE price will drop to $0.30, while its highest can reach $0.37. The trade cost will be roughly $0.31 on average.

### Dogecoin Price Forecast 2026

According to crypto specialists' study of Dogecoin costs, the following maximum and minimum DOGE values are projected in 2026: $0.52 and $0.45. It will be traded at $0.47 on average.

### Dogecoin Price Prediction 2027

Cryptocurrency specialists are continually studying dogecoin swings. According to their forecast, the average [DOGE](https://dogecoin.com/) price will be about $0.70. It might fall to a low of $0.68, but it could rise to $0.78 by 2027.

### Dogecoin Price Forecast 2028

Every year, cryptocurrency analysts anticipate the price of Dogecoin. In 2028, DOGE is expected to trade between $0.98 and $1.18. Throughout the year, the average cost is predicted to be approximately $1.01.

### Dogecoin Price Prediction 2029

Cryptocurrency specialists are set to disclose their estimations of Dogecoin's price. The maximum DOGE price of $1.65 will define the year 2029. However, the rate may fall to approximately $1.43. So, the predicted average trading price is $1.47.

### Dogecoin Price Prediction 2030

After studying the Dogecoin pricing, crypto specialists have arrived with their DOGE price prediction for 2030. It will be traded for at least $2.05, with a possible high of $2.42. As a result, the DOGE price in 2030 is expected to be roughly $2.11.

## Is Dogecoin a good investment?

Overall, Dogecoin lacks the real-world usefulness to sustain long-term rising momentum. The enthusiasm and publicity produced by the mainstream media drove the coin's first price climb. DOGE has continuously underperformed after these circumstances have subsided.

As a result, we believe that Dogecoin is particularly well suited to risk-seeking traders who are willing to initiate a position based on hope rather than expectation. DOGE can still deliver good returns, but it's certainly not the greatest crypto investment for risk-averse investors.


Is DOGE Going Up?

Amid the crypto crash, [Cardano](/news/tag/cardano) is pushing towards the Mithril update. The update can benefit the ecosystem’s security by incorporating a threshold multi-signature system. According to today’s crypto [news](https://cardano.org/news/), Cardano blockchain is about to introduce an update for better security, lesser overheads, and smooth transactions.

The proposal was presented by the lead developers of Input Output Global, Pyrros Chaidos and Aggelos Kiayias. They believe that Cardano staking can be used for multi-signature trades. In addition, the protocol might help the stake pools in signing the Cardano blocks.

Mithril’s functioning is quite different from the multi-signature system, and it can provide better transparency and efficiency. Speculation about the update led to a surge in 'crypto news Cardano' searches.

So, here’s everything you need to know about Cardano’s Mithril update!

## What’s Mithril protocol?

Mithril is a fictional metal that is lightweight yet as strong as triple steel. This is the same phenomenon that the Mithril protocol uses. It shapes a lighter blockchain but ensures a high level of security.

The previous multi-signature system requires the approval of the majority for each transaction. The logarithm to process the approval of the majority takes time, and there is room for efficiency. This is where the Mithril protocol can help blockchains with the staking mechanism for getting multi-signatures.  

## Main features of Mithril protocol design

Mithril protocol differs in many ways from the previous multi-signature mechanism for transactions. However, it is an advanced version of the multi-signature systems having 7/8 or 6/7 multi-sig wallets. Mithril protocol can weigh the Cardano tokens staked by users to evaluate how they can sign for a transaction.

The protocol works on a complex design, ensuring higher efficiency and trust in the system. Key features of the Mithril protocol include:


•	The protocol leverages the sign staking system to complete multi-signatures for higher efficiency.

•	Its setup ensures better transparency without the need for altering trust settings.

•	The trade-off between efficiency and time is used to avail flexibility.

•	It has a traceable and scalable procedure.


## Cardano staking for multi-signature transactions

It leverages the staking system for creating multi-signatures. So, for completing one multi-signature, it randomly selects different signers and weighs the number of ADAs they have pledged. Then it takes the aggregate of their stakes. Through this process, the Mithril protocol makes one stake threshold multi-signature. As the signers are selected randomly, this process can be scaled and verified.

For further clarification, you can refer to Mr. Schmiedel's explanation of how the Mithril protocol works.

## Use cases of Mithril Protocol

If you are wondering what the applications of this Mithril protocol are, here you can explore a few of its use cases! 

### 1) Full node applications like Daedalus

Mithril protocol can be highly beneficial for full node applications like Daedalus. It can speed up the synchronization while ensuring the security of the full node data. In addition, it can enhance the usage of time and resources, making the system efficient.

### 2) Mobile applications

This protocol can also be used in different mobile applications. It can offer a mechanism that works with trustless technology. Therefore, the users do not have to trust the other party or a third party to use the application. It has predefined conditions; if they are met, the application will give you the said result.

### 3) Lightweight blockchains

Mithril protocol can also work for lightweight blockchains by providing a verification mechanism. For instance, it can securely verify the forward and backward transactions and ensure efficiency. Also, it can approve the state of a blockchain by validating the Proof-of-Stake (PoS.)

### 4) Voting applications based on staking

Voting applications can also be designed with the Mithril protocol. Its threshold multi-signature can work for validating each vote to ensure transparency.

## Final Thoughts

As per today’s crypto news Cardano is moving towards implementing the Mithril protocol in their blockchain. This protocol works with the staking mechanism to multisign each transaction. It selects users at random and takes the aggregate of their ADA tokens. Through this, it creates one multi-signature for a transaction.

The Mithril protocol is more time and resource-efficient than previous multi-signature systems. Also, it ensures better security for blockchains as you can easily verify transactions through it. Its use cases show that the protocol can be highly beneficial for various web 3.0 projects.


Crypto News: Cardano (ADA) pushes toward Mithril update

*Find out the cost of 0.1 Litecoin in USD, BTC, and other cryptocurrencies below.*

[Litecoin (LTC)](https://litecoin.com/en/) is one of the oldest high-performing cryptocurrencies. It was introduced back in 2011 when Bitcoin first started seeing a surge. LTC's blockchain is also designed per the set standards of Bitcoin and has the capacity to perform transactions faster than BTC.

So far, [Litecoin](/coins/ltc) reached its highest price of $410.26 about a year ago. However, its value has dwindled now because of the bearish market. Still, the project has a good potential for investment. But because of the bearish market trend for cryptocurrencies, it would be better to start with small amounts. Here you can find out the current value of 0.1 Litecoin!

## Litecoin price today

To conduct thorough research, it is essential that you first check a single Litecoin’s price. So, as of 17 June 2022, Litecoin is worth $46.57, according to the CoinMarketCap. Besides, its current market cap is $3,285,001,233, and it is showing a 1.43% upward trend.

## The cost of 0.1 Litecoin to USD

As per the current price of Litecoin and the exchange rate, the value of 0.1 LTC is approximately $4.67. Over the past week, its value fluctuated between $4.40 and $5.30. On the other hand, according to the Litecoin price predictions for July, it can reach up to $6.

## 0.1 Litecoin exchange rates for other cryptocurrencies

You can also convert your Litecoins to other crypto tokens or buy LTC with them. Here are the LTC exchange rates for some of the other cryptocurrencies!

## The cost of 0.1 LTC to BTC

You might also want to convert your Litecoins to Bitcoins. Here is the conversion of 0.1 LTC to[ BTC](/coins/btc). The current price of 0.1 LTC converts only to 0.000224 BTC. Both Litecoin and Bitcoin are going through a declining curve. And so, it can be challenging to predict their conversion rate for the coming days.

## The cost of 0.1 Litecoin to PKR

If you need to buy Litecoin through Polker coin, you must know the conversion from LTC to PKR. As of now, the cost of 0.1 LTC in PKR is 476.146. In the previous week, this price varied between 380.525 and 476.146.
## The cost of 0.1 LTC to ETH

Here is the conversion if you want to study the worth of 0.1 Litecoin in ETH at the current rate. As of today, the exchange rate for 0.1 LTC to ETH is 0.00427.
Now that you know the cost of 0.1 Litecoin to USD, please don't buy or sell without conducting your research. This article contains no financial advice. Please refer to your financial advisor or carry out research before investing.


What is the cost of 0.1 Litecoin in USD?

[Verasity’s VRA crypto price today is $0.00538](https://coinmarketcap.com/currencies/verasity/), with a 24-hour trading volume of $11.53 million.
VRA crypto has lost 2.83% in the previous 24 hours. It is currently -19.66% off its seven-day all-time high of $0.006696 and 14.76% off its seven-day all-time low of $0.004688.

VRA crypto has a circulating supply of 4.47 billion and a maximum supply of 10.36 billion.
Verasity provides compensated video player technology to big publishers and gaming developers worldwide. Within a video player wallet, the patent-pending technology enables tokenised incentives (VRA crypto) as well as loyalty systems.

The technology is already accessible for more than 500 games on the Verasity GameStore, as well as major video players that support more than two million video producers.
Its SDK products interface directly with publishers, requiring neither publishers nor users to alter their processes or habits. According to the company, this boosts engagement and income by 35%.

## What is Verasity (VRA)?

The attention-based approach of Verasity generates a VRA crypto token market between viewers, video and game creators, and advertising. It also has a built-in fiat gateway solution in the form of VeraWallet. Verasity B2B products provide SDKs for the following video players on publisher sites: YouTube, Twitch, Vimeo, JWPlayer, Brightcove, iVideoSmart, Kaltura, VideoJS, Flowplayer, and Ooyala, which account for more than 95% of all video players used. Proof of View (PoV) is in the works.

Verasity technology has obvious applications in both the advertising and video-on-demand markets. Global digital ad expenditure reached $455 billion in 2021, with a forecast increase of $70 billion to $525 billion in 2022. Advertising spending globally is expected to exceed $645 billion by 2024, representing Verasity's addressable market.

However, up to 40% of this ad expenditure is wasted due to ad fraud. Verasity seeks to address this issue. VeraViews will primarily guard against fraud in the multibillion-dollar Video Demand sector.

In 2021, a global poll of weekly video content watching patterns discovered that 63% of respondents utilised VoD services either through paid streaming or through online publishers each week, compared to only 30% on traditional cable or satellite television channels. eSports accounted for 27% of respondents' weekly video streaming.

## VRA Predictions

According to analysts, VoD services will produce $120 billion in income in 2022. For the first time, video ad placement will account for more than half of all ad expenditure in the United States, the world's largest advertising market.

Finally, it is anticipated that 2.298 billion users will have access to or a subscription to some sort of VoD service by 2026, representing a whopping 29% of the world's population. That demonstrates the magnitude and future potential of the industry Verasity is entering.

Verasity can tap into the ad business and the larger consumer market through [NFT](/news/category/nft-news)-based assets. Emergen Research has forecasted that this will reach $3.5 trillion globally by 2030 as NFTs are used by corporations and to verify digital ownership across a spectrum of assets.

Bots devour up to 40% of the $455 billion ad expenditure rather than people. That amounts to many billions of dollars in squandered advertising by businesses and marketers, who frequently just reduce the number of commercials they run or reduce advertising budgets to offset their losses.
More than two million video producers are dealing with the issue that companies are no longer willing to spend as much for ad space since there is no reason to assume that individuals see their adverts.

Verasity, on the other hand, identifies ad fraud as it occurs. VeraViews uses more than 200 touch points and AI to assess whether a bot or human is watching an ad or content based on the viewers' behaviour in real-time. Ad fraud is recognised and eradicated instantly, rather than waiting for a post-delivery fraud investigation or asking for reimbursements from publishers.

The Proof of View mechanism also prohibits unscrupulous actors from using various techniques to alter view counts and viewership metrics. Multiple metrics are acquired when viewing the material during the content view evaluation step. 

More [Altcoin news](/news/category/altcoin-news).


VRA Crypto: Understanding Verasity

According to the most recent statistics, the current [Liquidus](https://coinmarketcap.com/currencies/liquidus/) crypto price is $0.25. Liquidus has a circulating supply of 0 and a market capitalisation of $0.

Liquidus' price increased by 1.4% in the previous 24 hours, thanks to increased trading volume and market value.

Liquidus (LIQ) is having difficulty competing with other cryptocurrencies. In the previous seven days, LIQ dropped by around -12.69%.
The currency has been demonstrating risky framing segments over the previous several days; the coin may have excellent fundamentals, but we do not believe it will be a successful asset in the short run.

According to our in-depth technical analysis of previous Liquidus crypto price data, the liquidus crypto price is expected to reach a low of $0.31 in 2022. LIQ may reach a high of $0.35, with an average trade price of $0.32.

In 2023, the price of Liquidus is expected to fall to a low of $0.46. Throughout 2023, Liquidus might reach a high of $0.53 and a low of $0.47.
As per the forecast price and technical analysis, in 2024 the price of Liquidus is predicted to reach a minimum level of $0.67. The Liquidus crypto price can reach a maximum level of $0.81 with an average trading price of $0.69.

The price of 1 Liquidus is expected to reach a minimum level of $1.01 in 2025. The LIQ price can reach a maximum level of $1.14 with an average price of $1.05 throughout 2025.

Liquidus is expected to hit a low of $1.46 in 2026. According to our calculations, the LIQ price might reach a high of $1.78, with an average predicted price of $1.51.

According to our in-depth technical analysis of previous LIQ price data, the price of Liquidus is expected to be about $2.24 in 2027. Liquidus may reach a maximum of $2.56, with an average trading value of $2.30. In 2028, the price of Liquidus is expected to fall to a low of $3.26. Throughout 2028, the Liquidus price might reach a high of $3.82 with an average trading price of $3.37.

According to the prediction and technical analysis, LIQ is anticipated to reach a low of $4.77 in 2029. The Liquidus price may reach a high of $5.77 and a low of $4.90. The price of Liquidus is expected to reach a low of $6.59 in 2030. Throughout 2030, LIQ price might reach a high of $8.24, with an average trading price of $6.78.

The Liquidus crypto price is expected to hit a low of $9.49 in 2031. According to our estimates, Liquidus might reach a high of $11.39, with an average projected price of $9.76.

Liquidus is projected to climb further since scarcity encourages price increases. However, just like every investment, there is an element of risk involved.
 
 



Liquidus Crypto Price: The Next 10 Years

It seems that the battle between some similar cryptocurrencies, such as [Dash](https://coinmarketcap.com/currencies/dash/) or [Litecoin](/coins/ltc), is always on. Both are different cryptocurrencies, but with recognisable characteristics.
While Dash focuses mainly on privacy-based transactions and enabling instant payouts globally, Litecoin (LTC) targets not only transaction speeds, but also a no-fee policy that lets people anywhere use the currency without any restrictions.

First and foremost, Dash is the first-ever privacy-focused cryptocurrency. It became popular as a means of payment for legal and illicit activities since it had the possibility for payments to be transacted entirely anonymously.

Created by Charlie Lee in 2011, LTC gained traction as a cryptocurrency that could be transacted quickly and cheaply. It was also known as one of only a few cryptocurrencies that could be mined without using expensive hardware or graphic cards.
Since every cryptocurrency has its own advantages and disadvantages, let’s name a few.

Dash crypto developed a unique reward system that incentivises Masternodes and stands for the whole ecosystem.
With it, users can send money across the globe for minimal fees while, at the same time, enjoying the highest possible security through a so-called “PrivateSend” feature.

However, there are some rumors within its community regarding its dispersion. Because approximately two million coins were distributed between developers, community members question its decentralisation.

On the other hand, Litecoin is a peer-to-peer network that removes all the need for intermediaries such as central banks. The nodes are globally spread, so the price cannot be impacted by anyone responsible for the individual node.
The LTC network is also very scalable and can process 56 transactions per second. The transactions are fast, so the hacking attempts are pretty much impossible. 

Still, there are particular worries regarding its credibility. While Charlie Lee stands for a respected persona within the industry, his popularity deteriorated after withdrawing from the payment processing platform Litepay.

## Dash or Litecoin: Which is a Better Investment?

Some argue that what puts Dash in the lead of numerous altcoins is its extreme transaction speed enabled via InstantSend, with which you can send payments for confirmation in under a second. Compared with the scaling issues that have troubled LTC and other cryptos, that makes Dash a little bit more interesting to traders.

However, we must agree that both coins have a long-term and HODL prospect. As always, it is essential to DYOR and choose accordingly.
The question between these two has been discussed for a long time now. There are some fundamental differences between the two cryptocurrencies we mentioned earlier, and one should be aware of them if planning to invest. 

The price of both tokens is somewhat similar. At the time of writing, Dash stood at $42.42 while LTC was $45.32.


Dash or Litecoin? Crypto Comparison

Ready to diversify your portfolio? Then let's discover how to buy altcoins.

Cryptocurrencies offer plenty of ways to get involved in the market. At the time of writing, over 19,000 cryptocurrencies and dozens of blockchain platforms are traded on almost 600 exchanges worldwide. 

New cryptocurrencies are emerging daily and pushing inferior cryptos far from the top. Even though it may seem shaky, the market is still constantly growing. More and more entrepreneurs, investors, companies, and even governments are resorting to crypto as a way to fight against recession.
At the time of writing, [BTC](/coins/btc) held just a little over 46% of the total market cap of all cryptocurrencies. A few years ago, this number was almost 75%.
Bitcoin is hugely admired mostly by long-term holders. However, alternative coins or 'altcoins' are becoming more and more popular amongst short-term investors since their price is more prone to changes.

Altcoins come in various forms but finding the hidden treasure isn’t an easy task. 
The thing that makes certain altcoins more worthy – and attractive – is the possibilities they offer outside of BTC. 
Here are some popular altcoins by market cap.

Ethereum (ETH). First and foremost, ETH is a ledger technology on which users can build programs (DApps) and smart contracts. It has a more extensive supply and a quicker block processing speed.

Litecoin (LTC) - Known as Bitcoin's wingman, LTC shares similar features with the largest cryptocurrency but operates on a different algorithm.
Cardano (ADA). Third-generation, decentralised proof-of-stake (PoS) blockchain platform made to be a more efficient alternative to proof-of-work (PoW) networks such as Ethereum
[Polkadot (DOT)](https://polkadot.network/). DOT envisages aiding developers to construct their own blockchains and integrate them with each other 

## How to Buy Altcoins: Step-by-Step

To buy altcoins there are a few steps that need to be taken. There are many platforms on which you can buy altcoins. The process for buying may slightly differ, but the steps are mostly similar.
While we’d recommend beginners to use exchanges to protect from fraud, advanced traders can purchase altcoins over-the-counter directly from owners.

## Let’s get into the seven main steps of getting you altcoins

Step 1: Decide on the percentage of your crypto portfolio allocation
Even though altcoins are risky, that doesn’t mean they aren’t worth investing in. Therefore, separating your portfolio into different risk layers is good, especially if you plan to play with not-so-famous coins.

Step 2: DYOR to find the best altcoin for your needs
There are many factors to consider when buying an altcoin, such as wanting a brand name, wanting a native cryptocurrency or crypto that exists on a platform. It is also good to check if there is an official website and active subreddit of the specific altcoin you want to buy, what's the volume, is it supported by a wallet, and, of course, can it bring an actual profit.

Step 3: Exchange fiat to crypto
Most exchanges don't support USD purchases, so it's essential to buy supported cryptocurrencies in order to exchange them for the desired altcoin. Some exchanges support depositing assets via credit cards, purchasing stablecoins, and then trading that for the altcoin.

Step 4: Choose an exchange
Finding more crypto exchanges that offer wanted trading pairs is of utmost importance.  
Some important points to consider when selecting an exchange are their reputation, fee level, and are there any reports on previous hacking or bugs.

Step 5: Finding you a currency pair
Connect your Web 3.0 wallet storing the altcoins to the exchange. Watch closely for the trends of the currency pair and its performance for some time (one to three months is optional) before executing the trade. That’s how you will make sure you make the trade at the best moment. 

Step 6: Execute the transaction
When you are ready to execute, go to the chosen exchange and place your order. If you are placing the order for the first time, take some time to learn more about how placing orders work for the desired altcoin.

Step 7: Put purchased altcoins into a wallet
If you are buying to hold for the longer term, place your altcoins into the wallet. Remember, if there is only a tiny amount of altcoins, putting them into your wallet could lead you to lose since gas fees are usually high for the repeated transfer.


How to Buy Altcoins

BTT crypto was launched in 2019 via an initial exchange offering (IEO) on Binance's Launchpad platform in two separate sales. One included buyers paying with the token native to the Tron blockchain, TRX, and the other for buyers paying with Binance's token, BNB.

As a TRC-10 utility token, BTT crypto empowers the characteristics of some of the globally accepted decentralised protocols and apps.
The most popular dApps driven by BTT crypto include BitTorrent Speed, BitTorrent File System, DLive, and others that are being prepared. The token utilizes the BitTorrent protocol, once the most extensive file-sharing protocol for sharing and transferring.
Supported by a solid and high-bandwidth open blockchain, the BTT crypto token managed to tackle the convenience issues of establishing a hybrid consensus mechanism.

According to the official description, the cryptographic procedures behind BTT crypto lean on the 'zero-disclosure evidence and mathematical consistency' of the whole blockchain-enabled transaction. It adds this is able to be cross-checked with any data or message being revealed to the other part in the transaction.
Security issues are, therefore, restrained first. The credit goes to the making of the Zyro protocol by BTT, which also became perceived as one of the main protocols of DeFi.

One of the main characteristics that beat others is that it guarantees liquidity and a breakneck speed of transactions on the network.
This apparent trend makes it unique when relating it to other Ethereum-based DeFi protocols and, simultaneously, makes room for more mining. Thus, it would not be too much to say that one of the crucial functions of tokens is being a promoter for implementing smart contracts and transferring funds.

BitTorrent Inc. platform was introduced in 2001 by founder Bram Cohen, who is also a creator of a file-sharing system with faster download speeds and no copyright issues for large files. It also enables interoperability with networks such as Binance Smart Chain and TRON. After developers ran the mainnet of BTTC with BTT redenomination, BTT started supporting [Ethereum](/coins/eth), TRON, and Binance Smart Chain.

The use-cases of new tokens include the coin acting as a validator on the BTTC network and staking on BTTC to get rewards. It also has a significant role in the governance of the BTTC community, and one can pay gas fees with it as well.
At the time of writing, [BTT crypto price was hovering around $0.000857](https://coinmarketcap.com/currencies/bittorrent/) with a circulating supply of 990.00B and the total supply of 990,000,000,000 BTT. The market capitalisation stood at $847,790,125.

On January 18, the BitTorrent token price was trading above $0.000002994. However, a correction happened after that, and the coin plunged to the low of $0.0008532. The all-time high record stands at approximately $0.000003054.

## Is BTT a Good Investment?

There are numerous opinions about whether the token would be a good investment or not. It surely can be viewed as a high-risk one-year investment option if you are looking for cryptocurrencies with good returns. Some argue that it could reach $0.0000010 by the beginning of December 2025. The expected maximum price stands at $0.0000018, while the minimum price is $0.0000012.

According to some famous crypto investors – something interesting may happen.

WalletInvestor commented that BTT crypto should plunge to $0.000000194 in a year's time, while Gov.capital thinks BTT could be worth approximately $0.0032 in a year and $0.0233 in five years' time.

DigitalCoinPrice predicts Btt crypto could hover around $0.00202 in May 2023 and $0.00319 by May 2024.

The BitTorrent prediction for 2025 is an average of  $0.00296 per year. The approximate value in 2026 could fall to $0.00266, and in five years, the token could rise to an average of $0.00341. The site's prediction for 2030 stands at $0.00692.

Potentially, the token might be a good investment, however. As it seems, analysts say it could act quite bearish in both the long and the short term.

However, some analysts think BTT will rise progressively and consistently during the next few years. Others argue that the price will keep on falling.
The truth is, nowadays, the whole crypto market is highly volatile, meaning huge price swings can happen within seconds due to stricter legislation, dog-eat-dog nature, the evolution of new technologies, simple trade, and market sentiments.


BTT Crypto: BitTorrent Token Price

After the crypto market went south, it seemed that [Axie Infinity](https://axieinfinity.com/) coin would follow. However, on June 14, it jumped by 4.5%, and after losing some progress, it continued its growth. At the time of writing, the Axie Infinity coin was up by 11.9% to $14.60, leaning towards the bulls.
The rise can be explained by the release of Axie Infinity: Origin, launched in early access mode. Players are enabled to test the new game for free by simply signing up and downloading the Sky Mavis Hub. Origin enacts numerous highly-requested upgrades, including junctural turns, revamped components, and improved gameplay.

According to the latest official reports, Origin has registered more than 600,000 accounts and is being launched in four phases/seasons.
Furthermore, there is a plan to start with a change in balance according to its fundamentals. Afterward, it will proceed with the introduction of Smooth Love Potion (SLP) rewards and NFT Runes/Charms.

Also, it plans to introduce the crafting feature for mentioned [NFTs](/news/category/nft-news), and users will be enabled to mint on Ronin and transact on the marketplace.
According to the analytics and the recent market situation, it seems Origin is helping the rise of the token.
AXS is characterised as a non-fungible token-based online video game created by Vietnam-based studio Sky Mavis, famous for its in-game economy that utilizes Ethereum-based cryptos.

Players are enabled to accumulate and mint NFTs which exist in the form of axolotl-inspired digital pets known as Axies.
Axie Infinity coin (AXS) is powered by an Ethereum token, and players there can fight, collect, and create a digital land for their Axies. Holders can also obtain rewards for staking tokens, just playing and are even encouraged to engage in key governance votes.

## Is the Axie Infinity coin part of a pyramid scheme?

In 2021, when play-to-earn games, including Axie Infinity, became a huge sensation, success seemed imminent.
More so, Philip La, the product chief of the world-famous Pokémon GO, decided later to join the Sky Mavis team.

The truth is, Origin was made to revive the plummeting sector. Just for example, the number of daily average users (DAU) was almost 3 million in 2021 and the floor price of Axies hovered around $400 during the happy times.

But not to be too harsh, the other similar NFT projects went through an almost cloned scenario. Some studios even abandoned projects because of the state the market is currently in.
Be that as it may, these events have led many people to question the chances of survival for this model. Is Play-to-Earn (P2E) form really dead, or is it just another pyramid scheme?

To speed up the whole process, an investment model, also known as the pyramid scheme, usually depends on money paid by new members to earn profit for older players/investors. So, rather than release a product or service that makes money, investors must depend on registration fees paid by new members.
London School of Economics fellow Frank Muci claims Axie Infinity is a typical pyramid scheme example with no “structural sources of demand” for the utility token Smooth Love Potion (SLP).

“By and large, no one is playing for the fun of it. Instead, people in developing countries just log on day after day and grind for hours because their outside option is even worse, for now,” Muci asserted.

Philip La, however, commented that Sky Mavis’ focus is on making their players want to play the game, not only because of profit but also because it’s fun.
“We’ve emphasised numerous times, the fun game component must come first. If players are not willing to spend to play, progress, and express themselves in the game, then all the burn mechanisms in the world won't matter since players won't want to spend on them," La said.

According to the Axie Infinity’s white paper, the game’s plan is to evolve into a decentralised autonomous organisation (DAO), enabling complete community governance.

One thing is sure - AXS is living up to the Web 3.0 gaming ideas because players can earn it to live in the metaverse. The question is now – will Axie Infinity prove to be strong enough to keep up with the evolving play-to-earn economy


Axie Infinity Coin: Origin a Gamechanger?

It is alt season crypto time, when cryptocurrency investors look to diversify portfolios with altcoin buys.
Bitcoin may get all the headlines, but there are plenty of other coins out there - alternative coins or 'altcoins' - for alt season crypto investing.
Here are considerations when you think about diversifying your crypto portfolio into altcoins.

## Investing in altcoins

[Investing in altcoins](https://solberginvest.com/blog/invest-in-altcoins/#:~:text=The%20Best%20Way%20to%20Invest%20in%20Altcoins%20for,Decide%20where%20you%20want%20to%20buy%20the%20altcoin.) is a great way to diversify your portfolio while still gaining exposure to Bitcoin. While Bitcoin is the dominant coin in the crypto market, altcoins have much less liquidity than Bitcoin.
Therefore, smaller traders can have a larger impact on their direction. Also, you can ride a wave of early investment when an altcoin project is just getting started.

New exchange listings, product releases, partnerships, and tech developments can also drive up the price of an altcoin.
Some consider investing in Bitcoin the safest option because altcoins can have volatile and erratic values. Because altcoins are new to investors, you'll want to do your homework to avoid being scammed or losing money.

## Researching altcoins

Before investing in altcoins, it is necessary to do your research. First, you should analyse the project's feasibility and possible exit scams. Make a mistake and you may end up losing substantial amounts.
Also, you should not invest in altcoins just for the sake of stacking them.

Fundamental analysis: While fundamental analysis requires technical knowledge of crypto and blockchain, it can give you a good idea of what a certain altcoin is worth. This type of analysis looks at the underlying story of a cryptocurrency and its management team.
In addition, it may include factors like competition, tokenomics, and partners. Ultimately, it will help you decide whether a particular altcoin is worth investing in or not.

## Alt Season Crypto Investing

When it comes to investing in altcoins, it's important to diversify your portfolio to minimise your risk of total investment loss.
Investing in one altcoin alone will not protect you from complete loss. It is best to spread your capital across several altcoin projects, as the price of one can spike. Investing in crypto during altcoin season can be a lucrative opportunity, but you should be prepared to sell to realise potential profits.
The reason why investing in altcoins is such a good idea is because these currencies are experiencing a period of extreme volatility. The biggest contributor to this volatility is the emergence of smart contracts and the DeFi boom.

Altcoins have seen significant growth in previous years, but with the way the markets are right now, there is a risk of substantial losses or reduced growth at the very least.
The general rule is that the best time to invest in altcoins is before they reach a major price peak.

## Investing in altcoins to diversify a portfolio

Investing in more than one cryptocurrency is a good way to diversify your portfolio. You can choose a different crypto every time you see a good price and invest a portion of your money in that asset.
To get started, you can invest in several different cryptocurrency projects and choose a handful that has a good reputation.
To diversify your portfolio, you can invest in stablecoins pegged to traditional assets. These coins are often used as a hedge against market volatility. There are other ways to diversify your portfolio, too.

One way is by regional diversification. This means investing in various crypto projects around the world.
Time diversification is another option. In this case, you can invest in several different coins over a long period, or dollar-cost averaging.

## Investing in altcoins to increase [Bitcoin](/coins/btc) holdings

There are many reasons to invest in altcoins. Unlike Bitcoin, these currencies are not intended to be traded for a profit. They are designed to solve various issues that make Bitcoin unsuitable as an investment vehicle.

Experts agree that crypto is here to stay. Indeed, the Biden administration has emphasised the need to regulate this industry.
Moreover, blockchain technology continues to hold massive potential in various industries.

Before investing in any digital currency, do your research. It is crucial to understand the risks and rewards associated with each altcoin.
Some may be scams or are simply not as trustworthy as Bitcoin. If you're not sure about the risks involved in an altcoin, read a white paper or consult with a financial advisor. This way, you'll know which cryptocurrencies will increase in value and which ones will only decrease in value.


Alt Season Crypto Investments

Staked ether (stETH) is a cryptocurrency with the same monetary value as Ether. However, it has been trading at a widening discount to the second-largest cryptocurrency in recent weeks, stoking the fires of a liquidity crisis in the crypto market.

The stETH discount first appeared last month, when the Terra blockchain network and its stable coin UST crashed the crypto markets. Since then, stETH has typically traded at a 2-3% discount, but on Friday, stETH dipped as low as 0.92 ETH, representing an 8% discount to ether.

## Why is Staked Ether on a downtrend?

According to Ape Board, a portfolio analyst from the blockchain intelligence firm Nansen, Celsius, a crypto lender that has been under fire after it blocked withdrawals last weekend, claiming "extreme market conditions," has 409,260 stETH tokens, worth nearly $470 million at current rates.

Analysts at Huobi Research Institute, the research organisation of the Huobi crypto exchange, Johnny Louey and Andy Hoo, claimed in a report Tuesday that Celsius had previously lost over $71 million from staking stETH on Stakehound because Stakehound mishandled the keys.
The concern now is that Celsius may be forced to liquidate its Staked Ether, incurring significant losses and putting more pressure on the token resulting in a downtrend.

Concerned Celsius customers began a quick wave of redemptions at a pace of roughly 50,000 ETH per week, according to the report, and the platform was desperate for liquidity.

stETH, like many other aspects of cryptocurrency, has been caught up in a maelstrom of negative headlines impacting the industry.

Higher Federal Reserve interest rates have sparked a flight to safer, more liquid assets, resulting in liquidity concerns at big corporations in the industry.

Further, Elon Musk, the CEO of Tesla and SpaceX, was sued for $258 billion by a Dogecoin investor on Thursday. According to the complaint, Warren Buffett, Bill Gates, and others have questioned the worth of Bitcoin.

Investors are concerned that the drop in the value of stETH may affect even more crypto participants.

[Ethereum](/coins/btc) just finished its much-anticipated merger dress rehearsal. The event's performance speaks well for Ethereum's upgrade, which investors estimate to happen in August. But there's no telling when it'll happen - it's already been postponed several times.
The most recent updates on Ethereum's testnets have been favorable, giving those waiting for the Merge greater confidence. 

So, when withdrawals are ultimately authorised, any discount in stETH will most likely be arbitraged away, but there will still be some discount until that unknown date occurs.



Staked Ether Crises Due to Crypto Liquidity

NRCH crypto is a new cryptocurrency that uses the Enreach algorithm

## What is the EnreachDAO Algorithm?

The [EnreachDAO](https://enreach.io/)(NRCH) currency is designed to be more secure and efficient than other cryptocurrencies. It offers several features that make it attractive to investors.

For example, NRCH crypto uses a unique system of blocks that allows for rapid transaction times and low fees. In addition, the currency is backed by a reserve of real assets, which provides additional security.

The Enreach algorithm is also designed to resist quantum computing, ensuring that NRCH crypto remains secure in the future. As a result, NRCH offers investors a unique combination of security, efficiency, and low fees.

In addition, NRCH crypto was designed to be more energy-efficient than other cryptocurrencies, making it more environmentally friendly. Enreach is still in its early stages, but it has the potential to become a major player in the cryptocurrency market.
The Enreach network behind NRCH is based on the [Ethereum](/coins/eth) blockchain, enabling users to make secure and transparent transactions.
It is also ERC20 compliant, meaning it can be stored in any Ethereum-compatible wallet.

In addition, NRCH is mintable, meaning that new tokens can be created as needed. As a result, NRCH provides a flexible and versatile way to make payments online.
NRCH is a mined cryptocurrency, meaning that new coins are created through the process of mining. This involves verifying transactions on the Enreach blockchain and is rewarded with NRCH coins.

In order to mine NRCH, you must have a special computer called an ASIC miner.

As you'd expect, NRCH is a decentralised cryptocurrency, so a central authority does not control it. Instead, its users manage it through its blockchain, a public ledger that records all NRCH transactions.

NRCH is currently the 17th-largest cryptocurrency by market capitalisation.


NRCH Crypto: EnreachDAO Explained