Pi crypto is the native cryptocurrency of the [Pi network](https://minepi.com/), a blockchain that enables users to execute mining operations through their smartphones. 

The network has grown in popularity due to the ease with which it allows anyone to mine its native cryptocurrency. It currently boasts more than 33 million users across the globe. 

However, its sudden rise in popularity has led some experts to question its legitimacy, especially because, while it was announced four years ago (2019), it still has yet to launch its blockchain or cryptocurrency. 

Here's the info you need on Pi crypto and its network. 

## How the Pi Network works 

The blockchain uses a consensus mechanism called the Stellar Consensus Protocol (SCP), enabling users to receive rewards for contributing to it. The more a user contributes to it, the more Pi cryptocurrency they mine. 

The SCP is a decentralized, open-source protocol developed by the Stellar Development Foundation, an organization supporting the development and growth of the Stellar Blockchain. 

The protocol is more secure, faster, and designed to be more scalable than other consensus mechanisms like PoW and PoS. 

Pi allows four roles for users: 

- Pioneers (Miners): Users who perform mining activities on Pi. They have to verify they are human and not robots every 24 hours of their mining activity on the blockchain by clicking the lightning button. 

- Contributors (Securers): Users who provide a list of trustworthy users to Pi in exchange for incentives. Contributors belong to the security circle that consists of three to five users. They help secure Pi. 

- Ambassadors (Distributors): Participants who bring new users to Pi using their referral codes. The higher the number of the invitee, the larger the earning rate of an ambassador. They help the blockchain grow and distribute Pi crypto widely. 

- Nodes (Validators): Participants using the Pi node software on their computers. By running a node, validators get an additional boost in their Pi mining process. 

To get the most out of Pi, users must endeavour to hold many roles simultaneously. A Pioneer can become a Contributor by actively mining for Pi crypto for three days. 

A Contributor becomes an Ambassador by inviting new users to Pi using their referral code. To become a validator, one has to simply run the Pi software node on their desktop or personal computer. 

## Founders 

The Pi network was founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, two Stanford Ph.D. holders in Computational engineering and Social sciences. 

Dr. Kokkalis is the head of technology for Pi. He is credited with developing and founding several startups and human-centered technologies before Pi. He is also an instructor of Stanford’s first decentralized application class. 

Dr. Fan is the blockchain’s head of product. Her history can be traced to working as a founding developer for several startups, as well as projects focused on scaling social communications and surfacing untapped social capital for people around the world. 

The two began working on the blockchain in 2018 and released a whitepaper of the Pi Network app on 14 March, 2019, (Pi Day). 

## What is the value of Pi crypto? 

As of writing, Pi cryptocurrency is not listed on any crypto exchange. It is, therefore, currently worthless to anyone in possession of it. There is no historical data on its market performance since it has not yet been launched on any cryptocurrency exchange. 

Its creators are yet to reveal how many of the coins are in public circulation. Its maximum supply cap is also yet to be determined. 

In December 2022, the Pi token was in the headlines after several crypto exchanges, including [Huobi Global](/news/article/huobi-exchange-who-owns-it), BitMart, and XT.com, announced its listing. The news saw the tokens' price surge by 461.3% from $44.03 to $232.97, according to CoinGecko. 

However, Pi Network developers quickly pointed out that they hadn't endorsed any exchange listing and warned users against engaging with any of the exchanges. 

While the coin can’t be traded on any cryptocurrency exchange, according to [Coinmarketcap](https://coinmarketcap.com/currencies/pinetwork/), it is currently worth $26.45 and is ranked the 2,886th largest cryptocurrency, with no market cap, however. 

## How to get Pi crypto 

To start mining Pi coins, one has to first download the Pi Network app on its official site. It is free to download and use the app. 

Once it's on your phone, create a user account. The process will require you to create a username and password and enter your email address or phone number. You will be required to enter an invitation code, which is easily available online. 

You can then start mining Pi coins by tapping the lightning button on the app. You will have to tap the button after every 24 hours to keep mining. 

You can earn more Pi coins by proposing valid security circle connections and inviting people to mine the tokens through referral codes and mining concurrently with them. 

You can also [earn more Pi crypto](https://minepi.com/faqs/how-do-i-mine-more-pi-coins/) by setting and committing to lockup configuration or increasing your current lockup commitment, using apps on the Pi Browser directory, and running a node. 

## Pi Network milestone 

The Pi Network is still a young player in the cryptocurrency market. However, it has quickly managed to attract the attention of many people due to its several advancements. 

In September 2022, it launched Pi Connect, a service that addresses its crypto limitations and offers users a place to access Pi's price information and conversation rate of other cryptocurrencies. 

Pi Connect also allows users to make interoperable trades with other blockchains like [Polygon](/news/article/polygon-crypto), Ethereum, and Binance Smart Chain quickly, affordably, and securely. 

The same month it also announced Pi Bridge, which will provide a bridge between the Pi network and other blockchains, beginning with the Binance Smart Chain. 

## Is Pi crypto a scam? 

The sudden rise in popularity of the Pi coin has made several experts do a deep dive into the project and question its legitimacy. 

A major concern about Pi is its multi-level marketing scheme. The fact that users can earn more Pi coins by recruiting other users is a red flag to many people. It makes the project look like a pyramid scheme. 

Another concern is that users, at the moment, cannot withdraw their mining profits. This is because the network is currently in Enclosed Mainnet. 

According to Pi developers, the blockchain will be updated to Open Mainnet in the future. Then, users will be able to withdraw, sell, and exchange Pi cryptocurrencies. However, there is no clear date when the blockchain will properly launch. 

The cryptocurrency is also not listed on any exchange, which is another red flag for some people. But, this is because its blockchain is currently in Enclosed Mainnet instead of Open Mainnet. 

For its proponents, there is no reason for concern. The fact that the project is free to use debunks the notion that it is a scam. Everyone participating in its mining process has nothing to lose but the time spent mining the coins. 

The coins also have the backing of impressive Stanford minds. That its development team managed to successfully introduce an enclosed mainnet and a Pi wallet in December 2021 proves the project is here to stay. 

## The future of Pi crypto 

Since the cryptocurrency has not been launched, no price predictions are available. The coins also have no price history, making it hard to analyze and predict how they may react to market movements in the future. 

Will the Pi cryptocurrency ever have value? It’s hard to tell at the moment. It might or might not launch. Some people believe it is just a social experiment. However, if it is launched, those already holding it might benefit. 

If history has taught cryptocurrency investors anything, it is that highly anticipated projects, when initially listed in crypto exchanges, experience price surges in the first few weeks. There is a possibility of profiting from the coins, but only if they launch. 

All in all, it is worth being cautious when dealing with such speculative cryptocurrencies. Only time will tell if Pi crypto is a legitimate cryptocurrency or a scam. 

## Conclusion 

On the surface, the Pi Network looks like an impressive crypto project seeking to usher everyone effortlessly into the crypto space. It is accessible to everyone around the globe, it is free to use, faster than any blockchain network, and it uses less energy than conventional energy systems. 

However, considering how long the project has been in the market and how little it has to show, there are a few reasons to be wary about investing in it. It is wise to take your time before jumping into the hype around Pi cryptocurrency. 


Everything you need to know about Pi crypto 

The BONE token assumed market importance when it was announced as the governance token of ShibaSwap, the new decentralized exchange created by the team behind the Shiba Inu token. This close association is perhaps why BONE is known as BONE ShibaSwap token, or simply Shiba Bone in colloquial circles. 

BONE ownership accords voting rights to its holders on the decentralized autonomous organization of ShibaSwap, known as DOGGY DAO. Additionally, BONE ownership can create value for holders if they add liquidity to the ShibaSwap DEX with their tokens or if they stake them. 

Continuous demand for BONE will also come via its use as the gas fee currency for all transactions on the layer-2 network created by the Shiba team. 

It is clear that the concept behind the creation and utility of Shiba Bone has been well thought out. This has created a demand for the token as a traded instrument and a utility token. BONE was introduced in [an earlier article](/news/article/shiba-inu-holders-value-of-bone), where the writer opined that there was value in holding this token in 2023 and beyond. Today, a reappraisal will see if there is still value in being a BONE token holder in 2023. 

## Shiba Bone tokenomics 

The maximum supply of the BONE token is 250 million tokens, of which 229 million constitute the current circulating supply. A mining cap of 230 million tokens was implemented to prevent over mining and subsequent oversupply. The balance of this supply is set aside as rewards for validators and developers maintaining the network's security. 

Price action of the Shiba BONE token continues to follow that of Bitcoin, with dips and rallies closely mirroring that of the BTC/USD pair. BONE is also seeing significant market volume. It traded more than $4.15 million worth of shares in the last 24 hours, and has experienced demand that has pushed it above the $1.05 mark. The BONE token has seen its share price lifted in the 24 hours preceding this piece. However, it remains well off its 30 August 2022 all-time high of $2.39. 

Shiba BONE price performance in 2023 

As the governance token of the blockchain that features Shiba, BONE has attracted a lot of interest from holders of Shiba Inu. Here is an overview of its recent price performance: 

- 24 hours: a gain of 6.82%, allowing it to trade at $1.015 

- 7 Days: down 7.54% 

- 30 days: down 14.15% 

- 60 days: down 46.30% 

The 90-day retracement has seen the Shiba Bone governance token price drop from $0.2759 to $0.07002. The token continues to attract good trading volume, with $6.25m worth of transactions performed in the last 24 hours. 

The recent uptick in the price of BONE is directly linked to the recovery of Bitcoin prices. BTC recently hit the $30K mark but has been unable to move further north. Coming from the previous resistance of $25K, several tokens that tend to move in tandem with BTC also recorded mild gains. 

How BONE token holders can get better value 

BONE token is a governance token for ShibaSwap. As such, BONE token holders will benefit from earning rewards when they provide liquidity to the Shiba network. BONE is an ERC-20 token, so it can be swapped for other ERC-20 tokens. It is also possible for BONE holders to earn interest by staking their tokens on compatible platforms. 

BONE remains unlisted by Binance, Kucoin, or any of the major centralized crypto exchanges. So what exchanges can holders of Shiba's BONE token place their holdings to benefit from the potential value-additions? 

a) Crypto.com. 

b) MexC. 

c) OKX. 

d) Uniswap (v3.0). 

e) Gate.io. 

f) Coinex 

Crypto.com and MEXC are the exchanges with the largest BONE deposits on the exchange wallet, accounting for 12.98% and 7.42% of the [total on-exchange BONE holdings of traders](https://etherscan.io/token/0x9813037ee2218799597d83d4a5b6f3b6778218d9#balances). Indeed, Crypto.com is said to have purchased 2.1 million BONE tokens as recently as March 2023. This coincided with the launch of the Beta version of the Shibarium network. 

OKX is third with 3.41% of holdings. The percentage of BONE tokens warehoused on Gate.io and the ShibaSwap Treasury Wallet are much smaller, as each does not account for up to 1% of holdings. 

## Adding liquidity 

Providing liquidity on ShibaSwap is known as the DIG function. When accessing the ShibaSwap website, click the DIG button -> Add Liquidity. You can pick a combination of two cryptos to use in the process. BONE is an ERC-20 token, so Ethereum is a logical choice of crypto to use in the swap. BONE will be the destination crypto. 

![shibaswap screenshot](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_05_17_at_14_55_15_38928d6965.png)

You may have to use the search bar to call it up by typing the "BONE". Input the number of tokens to be used in providing liquidity, then click "Connect Wallet" to complete the transaction with Metamask, Coinbase Wallet, or WalletConnect. 

## Staking tokens 

Staking on ShibaSwap is known as BURY. You can bury Shiba, Leash, or Bone tokens. When you stake BONE, you receive tBONE as your Woof returns. These are awarded based on the APY displayed on the DEX platform. The lock-up period is currently six months. 

## Conclusion 

The Shiba BONE token is still worth holding in 2023, but it would help to add more value to the HODLer if these tokens are put to work in adding liquidity and being staked. 

shiba bone logo on green image of cryptocurrency

Is the Shiba Bone token still worth holding in 2023? 

Founded in 2017, [Polygon](https://polygon.technology/) (previously known as Matic Network) is a cryptocurrency and Web3 platform designed to facilitate Ethereum use cases. Even though Ethereum was hot back then because it was newer, faster, and stronger than Bitcoin, Polygon still became necessary. Let us understand why as we discuss how Polygon (Matic) news took over the blockchain industry. 

## What is Polygon? 

The [Polygon](/news/article/uquid-web3-integrates-with-polygon) technology essentially is a layer-two blockchain built on top of[ Ethereum](https://ethereum.org/en/)’s layer-one nature. Why was that necessary? As Ethereum became more widely used, users and enthusiasts understood that the platform had started to succumb to the "blockchain trilemma". 

The blockchain trilemma relates to the trade-off between;
1. The potential for decentralization
2. Security
3. Scalability

This is important to understand because we already know that Ethereum became a hot pick. After all, it offered better scalability, better security, and better scope of decentralization than Bitcoin. 

However, sometime between 2016 and 2017, Ethereum understood that it would soon face a challenger if it did not pick one (or max two) areas to specialize in. 

Ethereum committed to better security and better decentralization owing to its founding principles. However, at the same time, Ethereum wanted to find a way to work on scalability, but with a new philosophy, i.e., a second layer. This was when Polygon technology was founded. 

## Recent Polygon MATIC news from around the world 

In recent Polygon MATIC news, the number of whale transactions on the Polygon network increased by more than 200% in April, with several large transfers of MATIC tokens. This surge in activity is noteworthy, as it represents the largest token shift by whales on the network so far this year. 

Could this Polygon MATIC news signal a shift in the grand scheme of things? 

Experts suggest that several factors may have contributed to this increase in whale activity on the Polygon network. For one, Polygon has made significant improvements to its network, including implementing a new consensus algorithm and introducing new tools to help developers build on the network. Additionally, the MATIC token has been gaining popularity among investors, which may be driving up demand for Polygon, hence the news. 

While the implications of this surge in whale activity on the Polygon network are not yet clear, it is an interesting development to watch. 

As always, we will continue to monitor the latest Polygon MATIC news and all trends in blockchain technology and cryptocurrency and share our insights with you. 

## Ethereum's PoS move 

In recent Polygon MATIC news, an article on [BeInCrypto](https://beincrypto.com/polygon-matic-future-ethereum-transition-pos/) suggested that Polygon may be the future of Ethereum as it transitions to a Proof-of-Stake (PoS) consensus algorithm. 

As of now, Polygon has several advantages over Ethereum, including faster transaction times, lower gas fees, and improved scalability. These factors make Polygon an attractive option for developers and users looking for a more efficient and cost-effective alternative to Ethereum. 

Polygon has been making significant strides in terms of adoption and partnerships. For example, several major Decentralized Finance (DeFi) projects have recently migrated to the Polygon network, a sign of growing confidence in its capabilities. Additionally, Polygon has formed partnerships with major players in the blockchain space, such as [Chainlink](https://chain.link/) and [Aave](https://aave.com/). 

As Ethereum prepares to transition to a PoS consensus algorithm, Polygon may become an even more important player in the blockchain ecosystem. Its ability to provide a scalable and cost-effective solution for decentralized applications (DApps) could make it a valuable complement to Ethereum, rather than a direct competitor. 

## Enter the Polygon 

Riding on the back of a strongly integrated community and governing philosophy of "super interoperability", Polygon entered the market for blockchains. Regarded as the "Ethereum's Internet of Blockchains", Polygon vowed to make Ethereum's hefty and clunky operations easier. 

Now that we know that Polygon technology is a scaling solution brought to the mix to make it easier for Ethereum and Ethereum-compatible projects to remain competitive, we can move on to how Polygon does what it does. 

- Polygon’s Software Development Kit (SDK) works exactly as it sounds. For a developer, it is a gold mine because it includes pre-existing guides on developing features that are key for most software being developed on the Polygon mainframe. These include modules for identity recognition, security frameworks, and consensus (for smart contracts). 

- The Polygon (PoS) Chain is the chief Polygon mainframe on the network. This chain is what makes it possible for Ethereum-compatible decentralized applications to run transactions at the speed and reliability with which they run. Moreover, it compiles PoS data for reference. It also runs a consensus algorithm responsible for the maintenance of the entire network. You can call it the Spine. 

- Polygon Plasma Chains are the layer-two support chains within the layer-two scaling chain. These are to Polygon what Polygon is to Ethereum. These chains run in tandem with the mainframe to provide extra cushioning and speed when required. They are also responsible for running transactions that are off-network. This is only made possible because Plasma chains are backed by a Plasma framework that helps them operate independently, as well as in complete cohesion with the spine. 

- Polygon's PoS Bridge is Polygon's two-directional link with the outside world. This bridge allows Polygon to communicate, interact, and operate with other blockchains, like Ethereum. A dedicated bridge is one of the major factors that allow Polygon to boast about its superior interoperability. 

It is true that Polygon is not the only layer-two scaling solution on the market. With time, many blockchains have invested in their own proprietary layer-two blockchains or other specialized ones. Despite rising competition, Polygon has always been able to innovate and reinvent to stay ahead of the curve.

## How is Polygon a scaling solution 

The Ethereum mainnet is bound to struggle with scalability issues despite the fact that it can host more than a thousand transactions per second, simply because the ecosystem is constantly evolving and inducting heavier decentralized applications. 

These scalability issues can be in the form of slow transaction processes and high gas fees (transaction fees). With Polygon, the Ethereum mainnet can take larger breaths of air. The acquisition of ZK-rollups and other optimistic rollups has also severely reduced the amount of time required per transaction. 

Other than scalability, Polygon offers superior interoperability throughout Ethereum and Ethereum-compatible systems through the tools mentioned above. Aside from this level of interoperability, Ethereum makes it really easy for smaller [DApps](https://cointelegraph.com/learn/what-are-dapps-everything-there-is-to-know-about-decentralized-applications) to enter the ecosystem through many tools, such as the development kit mentioned above. 

This has made it easy to believe that the Polygon philosophy is sustainable as it disallows any unjust barriers to entry into the ecosystem. 

Perhaps the greatest indication of Polygon's utility is provided by Polygon's community. The community constantly provides valuable feedback, reviews, and firsthand user perspective, which is vital for any blockchain trying to stay competitive. The community also gets innovative sometimes and offers groundbreaking discoveries within the system, which can help Polygon debug, or even discover a potent strategy. 

## Future Polygon MATIC news? 

In the end, the market gets to decide whether Polygon has innovated enough to stay competitive or not. 

That said, there is no denying that Polygon makes life easier for Ethereum and Ethereum-compatible projects. It is vital to note, however, that as the market makes larger leaps towards better user utility and more diverse use cases, future Polygon MATIC news might see Polygon looking to edge out Ethereum in the long run. 

Polygon, in cahoots with other major platforms on Web3, should now start addressing security concerns. This crusade will go a long way in attracting genuine interest from the segments still sceptical of Web3 because of its seemingly insecure nature. 

If these segments enter the Web3 space in the numbers they could, the blockchain market will enter a phase of genuine enrichment. 

Polygon matic token logo on green background image

Polygon (Matic) making major moves over Ethereum 

The idea of taking humans to live on Mars is no longer just an idea; it is being actively pursued by a number of private stakeholders. The developers of Marscoin seized on the hype to create it as a potential cryptocurrency to be used by the first colonizers on Mars. 

The MARS token was also to serve as a source of funding for research and non-profit projects within the ecosystem to provide the financing for the vast infrastructure required to make it even remotely possible to live on the red planet. 

The project's whitepaper envisions that some people among the first colonizers could volunteer to set up the nodes required to power the use of the blockchain and the MARS token on Mars. These nodes are also to enable Martian-based mining of Mars. Prevention of any Earth-side interference with the token's use on Mars is part of the project's security proposals. 

Considering the massive challenges that must be overcome for the lofty aims of the project to be achieved, is there any future for the MARS token? 

## Marscoin’s journey so far 

Marscoin was designed to have a finite supply of 40 million tokens. As of the last update in May 2021, nearly 36 million MARS tokens have been mined, leaving fewer than 10% of the total supply available for mining. 

The [Marscoin token price](https://coinmarketcap.com/currencies/marscoin/) is $0.07834 as of writing. The present 24-hour trading volume of MARS/USD is $36,298. The MARS/USD price dropped 9.39% in the 24 hours prior to writing. This is part of a larger price dip that commenced after hitting a high of $0.1549 on 3 March, 2023. Before hitting this high, the MARS/USD price action was as low as $0.052 on 10 February. Following the 3 March high, the price dipped once more to the $0.0735 price level on 12 March, and resumed the upward move soon after, hitting $0.12 on 23 March. 

However, it has been all downhill from there, which is not surprising if price action is viewed from the standpoint of technical analysis. 

![marscoin coinmarketcap screenshot](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_05_10_at_16_43_31_7a40bda26e.png)
MARS/USD price chart, Feb - Apr 2023 

## State of Marscoin in 2023 

The price action on the MARS/USD pair reveals two progressively lower tops on 3 and 23 March. These indicate that any further upside moves in the medium term have stalled. The neckline formed by the 12 March low is now in danger. A breakdown here will bring utter grief to MARS token holders, as price action could head to the 10 February low at the very least. 

The combination of low trading volumes, the evolving double top, and the lack of a clear direction for this project are ominous signs for Marscoin. 

The Marscoin team wants the MARS token to be adopted as crypto for a future Mars occupation by humans. If this project had received official endorsement by Elon Musk or at a [blockchain conference](/articles/events/blockchain-fest-singapore-2023), there would be some hope for MARS token holders. But there is nothing in this regard. 

There are also some basic challenges to MARS ever being used on Mars. 

- There is no functional internet on Mars. 

- There is no definable value for anyone to want to use MARS. 

People don't just exchange cryptos because they want to. Those who buy and hold BTC are doing it because they can derive value from it in the exchange process or from outside the blockchain ecosystem. 

Aside from the need to get food and water on Mars (which is not a given as Mars is biologically dead), it is hard to see what people living on Mars would exchange their Marscoin tokens for. Clearly, the US dollar would not even be in the running as a potential currency up there! 

marscoin logo on green image of the mars rover

What's going on with the Marscoin project in 2023? 

[Internet Computer Protocol (ICP)](https://internetcomputer.org/) is a decentralized computing network that aims to reinvent the internet as we know it. It was developed by the DFINITY Foundation, a non-profit organization focused on creating a more secure and open internet. ICP aims to replace the traditional client-server model of the internet with a more efficient and scalable network that runs on a decentralized blockchain. ICP coin is the native cryptocurrency of the network. 

ICP is built on the same principles as blockchain technology, using a consensus mechanism to verify and validate transactions. However, instead of focusing solely on financial transactions like Bitcoin or Ethereum, ICP seeks to enable the creation of a decentralized cloud computing platform. 

This platform is designed to allow developers to create and run applications that can be accessed globally without centralized servers. 

The ICP network comprises a series of interconnected nodes that work together to provide a seamless user experience. When users access an application built on the ICP network, their request is routed to the nearest node. This node then processes the request and returns the result to the user. 

As it is a decentralized network, there is no single point of failure. This makes it much more resilient to cyber-attacks and other forms of disruption. 

ICP has been designed to be highly scalable, with the ability to handle millions of transactions per second. This makes it a promising platform for developers creating highly complex and resource-intensive applications. It could also significantly reduce the cost of running and maintaining large-scale applications, as there is no need for expensive server infrastructure. 

Overall, ICP represents a major leap forward in the evolution of the internet. By leveraging blockchain technology, it has the potential to create a more secure, open, and efficient internet that is accessible to everyone. 

While it is still a relatively new technology, ICP has already attracted a significant amount of attention from developers, investors, and tech enthusiasts alike and is set to have a significant role in shaping the future of the internet. 

## What is ICP coin? 

The native token of the Internet Computer Protocol is the ICP token or ICP coin. ICP coin is the digital currency that powers the Internet Computer Protocol ecosystem and is designed to be used as a utility token to pay for computation and storage on the network. 

ICP coin can be used to interact with smart contracts, deploy canisters (software containers), participate in network governance, and earn staking rewards. The token's fixed maximum supply is 469 million, with a circulating supply of around 124 million ICP coins [as of April 2023](https://www.coingecko.com/en/coins/internet-computer). 

One of the unique features of ICP is its governance model. ICP coin holders have the power to vote on proposals affecting the direction of the network, including upgrades, changes to the governance system, and other significant decisions. 

This gives token holders a say in the future of the network and allows for a more democratic decision-making process. 

ICP is also used as a means of payment within the Internet Computer Protocol ecosystem. Developers and users can pay for computation and storage using ICP coins, which can be earned by staking or purchased on various cryptocurrency exchanges. 

In addition to being used as a utility token, ICP can be used for speculation and investment purposes. Like other cryptocurrencies, the price of ICP can fluctuate based on market demand and other factors, and investors can buy and sell ICP on various exchanges. 

It is safe to say that the ICP coin plays a vital role in the Internet Computer Protocol ecosystem and is essential for the proper functioning of the network. Its governance model and utility as a means of payment make it a unique cryptocurrency in the ever-evolving blockchain space. 

## Who created ICP? 

The Internet Computer Protocol was initiated by Dominic Williams in 2016 and developed by the DFINITY Foundation, a non-profit organization dedicated to the research and development of this technology. 

In May 2021, after years of research, the Internet Computer Protocol was officially launched. The DFINITY Foundation has a team of researchers worldwide, including cryptographers with around 100,000 academic citations and 200 patents. 

## Why is ICP so popular? 

The Internet Computer Protocol's popularity is due to several factors. 

First, the founder has made ambitious claims about its potential to challenge internet giants by offering speed, scalability, and cost savings. Second, it has the backing of high-profile investors like Andreesen Horowitz and Polychain Capital. Third, market analysts have issued bullish price targets, contributing to investor enthusiasm. 

Of course, the broader bullish climate for cryptocurrencies also played a role in the Internet Computer Protocol's early price rise. In 2021, cryptocurrency projects captured the public's imagination and raised significant amounts of money. 

## How does ICP work? 

The current internet is highly centralized, with most popular web applications being hosted on a few data centres owned by big tech companies, making them vulnerable to failures and censorship. 

The Internet Computer Protocol aims to provide an alternative by allowing developers to create, host, and serve applications in a decentralized manner, directly on the public internet. This decentralized approach would also incentivize open-source and transparent software development. 

According to a profile in MIT Technology Review, the Internet Computer Protocol's software would not be tied to a dedicated server in a single location. Instead, it would be distributed across independent data centres around the world. This would make the network more resilient to failures and harder to censor or deplatform applications. 

ICP coin serves as a way to convert cryptocurrency into processing power. Developers pay a fee based on the amount of computing power required for their project. As long as the fee is paid, their website will run on the public internet. 

The Internet Computer Protocol can support any application, including social networks, software applications, and new types not yet created. As a demonstration of its capabilities, the developers of ICP have published open-source code for CanCan, a decentralized alternative to TikTok. 

The Internet Computer Protocol offers a decentralized alternative to the current internet infrastructure, providing greater resilience to failures and censorship while incentivizing open-source and transparent software development. 

## How is ICP coin different from other cryptocurrencies? 

The ICP coin has unique features that set it apart from other cryptocurrencies. 

First and foremost, it enables anyone to create software on the internet and develop applications that circumvent big tech companies using blockchain technology. In addition, it operates on a decentralized network powered by dedicated hardware set up by independent parties. 

Lastly, the cryptocurrency is known for its fast transaction processing speed, significantly quicker than other cryptocurrencies, which may take more than 30 minutes to complete transactions. 

It is important to note that ICP coin is not just a currency, but part of a protocol enabling the creation of decentralized applications. 

## Investing in ICP coin 

ICP is a reliable option for investors due to its strong technology foundation. It's a decentralized cryptocurrency that operates as an ecosystem that can compete with Bitcoin and Ethereum. 

The Internet Computer Protocol links the blockchain and the traditional web. Its Chain Key Technology allows for resource pooling from multiple computers to create a powerful and efficient distributed computing system. It functions as a blockchain that can handle the processing needs of current online services. 

In terms of investment, ICP is a solid choice because it's a fully operational network that offers various services, including DApps and different cryptocurrencies, at launch. Unlike Ethereum, which took years to develop and support multiple use cases, the ICP ecosystem is already equipped with several applications. 

## How can you get ICP coin? 

While the popularity of Internet Computer Protocol coin is soaring, it may not be available for trading on all exchanges. However, two of the biggest exchanges, [Coinbase](/news/article/coinbase-review-uk) and [Binance](/news/article/guide-to-binance-uk), allow users to buy, sell, transfer, convert, and store cryptocurrency. Additionally, the ICP coin can be traded on smaller exchanges like Gate.io and a few others. 

## The future of ICP coin 

The DFINITY team currently consists of approximately 200 members. It plans, over the next five years, to double that number and increase its community. 

According to a recent Medium article outlining the roadmap for ICP, the goal is to become a viable alternative to today's internet within the next decade. In the next 20 years, the Internet Computer Protocol plans to acquire the companies controlling the current internet, including Google, Facebook, Amazon, and Microsoft. 

Despite its ambitious plans, the Internet Computer Protocol has faced criticism due to centralized control by the team behind it. This level of control raises concerns about the autonomy and privacy of internet users. Furthermore, the project's plan to link everything to an internet identity could further threaten online autonomy. 

Regardless of the criticism, the ICP token remains a promising investment in the long run. 

Currently, it may not be widely available on all exchanges, but large platforms like Coinbase and Binance offer it. The Internet Computer Protocol's ability to allow anyone to create software on the internet, run on a decentralized network, and operate at web speed distinguishes it from other cryptocurrencies. 

Overall, the Internet Computer Protocol's future as an alternative to the current internet remains uncertain, but its potential as a cryptocurrency investment is promising. 

With its innovative technology, [decentralized network](/news/article/dns-servers), and fast transaction processing, ICP stands out from other players in the field. While the project has faced some criticism for its centralized nature, the long-term prospects for ICP appear bright, with plans to become a solid alternative to the current internet and potentially disrupt the largest tech companies. 

green image of ICP coin logo on picture of metaverse

ICP coin and all you need to know about it

Cryptocurrencies, one of today’s developing technological advancements borne of [blockchain technology](/news/article/what-is-blockchain), are disrupting the financial space by augmenting traditional paper money and eventually aiming to replace fiat currency. However, newer crypto projects are designed with entirely different use cases, including movies, gaming, and sports. The cryptocurrency Chiliz (CHZ), described as a fan token, is one such digital asset creating a buzz around sports clubs. This guide dissects the Chiliz coin, its background, and how you can invest.   

## The mechanics of fan tokens  

Let's begin by understanding the mechanics of the fan token concept before we dive deep into the details of the Chiliz coin project. 

Fan tokens are blockchain-based crypto assets specifically designed for sports fans and entertainment. Take note, though, that fan tokens are not [non-fungible tokens](/news/article/non-fungible-tokens) (NFTs), meaning they're fungible. As a result, they can be swapped with other sports club-related merchandise and team-specific benefits. Chiliz coin (CHZ) is a utility fan token built on the Chiliz blockchain.    

Sports clubs issue fan tokens to their enthusiasts on digital platforms, which are validated on public blockchains. Fan tokens are the digital pass required to facilitate eligibility to earn membership benefits, vote on club decisions, and win prizes supporting the club you love to support. 

Fans who own the tokens receive advantages like exclusive membership perks and other benefits like merchandise design and voting rights. Interested fans can buy and trade their digital token like other cryptocurrencies – you need CHZ tokens to conduct transactions and purchase tokens on the Chiliz platform. 

## What is the Chiliz coin?  

Chiliz coin (CHZ) is a leading digital asset designed to support sports tokenization and is the native coin for [www.chiliz.com](https://coinmarketcap.com/currencies/chiliz/), the world's pioneer sports fan engagement and rewards platform. 

What's more, it's the trailblazer for sports-based cryptocurrency exchanges that allow fans to trade customized fan tokens besides participating in pools and club-based surveys. The token holders are also entitled to promotions and discounts besides being allowed to test their team and sports knowledge against each other and win prizes such as branded club merchandise. Chiliz coin (CHZ) owners have token rights relative to their holdings.   

For participating clubs, Chiliz helps to solve challenges associated with funding and fan engagement. While the platform enables fans to become fractional shareholders of their favorite sports organizations and participate in the team's regular activities, it also facilitates access to sports and entertainment businesses. 

Participating clubs have a chance to scale their business development plans offering them the potential to prosper and spread their wings globally.  

## How Chiliz works  

While most digital assets are designed to facilitate payments for goods and services or peer-to-peer cash transfers, Chiliz and its entire blockchain ecosystem are explicitly built to support the needs of sports clubs and their fans. 

This makes it a game-changer in the fan token space. The CHZ token operated on the BNB Chain and Ethereum platforms for a while. However, it has since fully transitioned to the Chiliz blockchain, catering predominantly to sports and entertainment organizations and their fans. 

The network utilizes the Proof of Authority (PoA) consensus mechanism. PoA is similar to the proof-of-stake consensus mechanism used by numerous staking platforms. The protocol differs from the other consensus algorithms as its processes rely on a few pre-approved validators. 

Still, this one requires that validators are approved via a governance mechanism before they can begin validating transactions. At the same time, it may be less decentralized if it facilitates the platform to achieve efficiency and scalability.  

The team that created Chiliz.com wished for a world where users directly influence their favorite sports teams via their organized votes. After successfully raising and getting listed on leading cryptocurrency exchanges, they used a significant amount to create the project’s reward and fan engagement app – Socios, in 2019. Several influential sports clubs have since joined the platform with the leading ones, including international ones like Paris Saint-Germain, FC Barcelona, and Atlético de Madrid.  

## What is Socios? 

Socios is an interactive digital platform built as a sidechain on the Chiliz infrastructure that the CHZ cryptocurrency runs on and which runs on the Ethereum blockchain. 

Considered the platform's first consumer-facing product, Socios enables sports enthusiasts to engage with their teams and become eligible to receive exclusive rewards and benefits.   

Participating sports teams also offer branded fan tokens on the Socios app, enabling token holders to participate in numerous decision-making activities. The platform uses smart contracts to store data to honor token holders' votes securely. 

Moreover, users can also trade their tokens bought with the Chiliz coin on the Socios marketplace. The Socios app is also the digital wallet for fans' digital tokens and their CHZ tokens. 

## How to buy Chiliz on Socios 

When you buy a fan token using the Chiliz coin, the app converts them into ERC721 tokens, the standard for non-fungible tokens (NFTs). Afterward, you can still exchange the fan tokens and receive your CHZ tokens back. 

Since the exchange process is only available on the Socios app, it's also the Chiliz exchange to buy Chiliz from. Nonetheless, you can still purchase CHZ from several other platforms, but all the trading is done on the app. Following is the process of buying CHZ on Socios: 

Step 1: Download the Socios app on your smartphone. 

Step 2: Enter your phone number to sign up – You'll receive an activation code from Socios. 

Step 3: Enter the activation code, enter a user name and your email address to finish registration. 

Step 4: Click "Wallet" and then "Chiliz". 

Step 5: Click "Top Up" and enter the money you want to spend to buy CHZ tokens. 

Once you've successfully bought your Chiliz coin, you can convert it into your favorite sports club's fan tokens or hold them in your wallet. US and UK-based token holders who need their CHZ tokens from their Socios apps must send them to another exchange as the app cannot be used in their countries yet. In that case, we will show you how to buy Chiliz tokens from a crypto exchange, using Binance as an example for our tutorial: 

Step 1: Open a free account on Binance 

You can choose between the company's website and the mobile app to sign up for a Binance account. You'll be required to verify your identity with a government-issued ID card and other personal information.  

Step 2: Buy crypto using a credit card or a bank deposit  

Binance offers several options for purchasing cryptocurrency, even though using a credit card would be the quickest. It’s also possible to transact via bank transfer or transfer your local fiat currency to the Binance app.  

Step 3: Check your spot balance  

Once you’ve purchased CHZ on Binance, look for your “spot” wallet, and you’ll see the amount you just bought displayed. After this, you can send CHZ to another entity using the “Withdraw” section. Alternatively, you could still convert your CHZ to your local currency via the trading section.  

## How to use Chiliz (CHZ) tokens 

Different brands, celebrities, and sports organizations have partnered with Chiliz to facilitate engagement initiatives with their fans on the Chiliz platform. 

Assuming you've already followed the steps above and wish to become an active participant, you need to exchange your CHZ with your club's fan tokens and enjoy access to exclusive member experiences, voting polls, or any other content offered by different sports organizations.   

The Chiliz crypto is the official currency within the platform. Its scalability allows for fast, secure, and seamless transactions and access to experiences, plus exclusive merchandise and experiences reserved for fans. The technology behind Chiliz blockchain guarantees users transparency and robust security, ensuring fans a hassle-free way to engage with the brand they love and trust. Moreover, it's also possible to stake your CHZ tokens and earn even more rewards in the form of passive income. 

## How to stake Chiliz 

[Staking](/news/article/what-is-staking-crypto) your Chiliz coin enables you to participate in the platform’s consensus process by locking your crypto token for a specified period. In return, stakers earn CHZ tokens as a reward for depositing their funds since they help to secure the network. The process for staking CHZ involves the following:  

Step 1: Visit the Chiliz staking website - [scoville-governance.chiliz.com. ](https://scoville-governance.chiliz.com/)

Step 2: Link your digital wallet to the platform. 

Step 3: Select a validator to delegate your CHZ to –this will increase the amount of the validator, allowing you to receive a portion of their reward relative to your contribution.   

Step 4: Enter the amount of CHZ tokens you wish to stake and then press "Submit". 

Step 5: Open your crypto wallet and verify the transaction to confirm your stake.  

What is the future of Chiliz coin? 

Chiliz has created a buzz in the sports and entertainment fans space, which is why the company has maintained strategic partnerships with numerous leading sporting brands and organizations globally. 

While there's still some ground remaining for Chiliz to cover – some examples are building a fan token cross-chain bridge, finalizing smart contracts, and the Chiliz Chain Mainnet – the platform has shown every indication of a rewarding future ahead.  

Moreover, the company’s website mentions several significant features in the coming days, from [smart contract ](/news/article/smart-contracts-revolution)asset bridging to stablecoin support, to name a few. Should the platform accomplish any of these plans, it will increase its performance and make it much easier for fans and other stakeholders of the Chiliz ecosystem to thrive.  

## Is it worth investing in Chiliz coin? 

First, you don't necessarily have to invest your Chiliz coin in any fan token. The price performance for CHZ has been impressive so far, meaning it has the potential to grow in the future, thereby making it worthwhile to consider staking. 

The CHZ price movement seems directly dependent on the general market direction and the success of Socios.com. Since the network of Socios is expanding via new partnerships, and more fan tokens are hitting the market, we believe the future looks bright for Chiliz. 

Chiliz coin logo on green background image of cryptocurrency coins

Chiliz Coin: The Crypto Fan Engagement Token 

Helium (HNT) and Data Credits are the two units of exchange that power the Burn-and-Mint Equilibrium token model of The People's Network. 

The People's Network, powered by the Helium Blockchain, constitutes a fundamental change for decentralised wireless infrastructure. 

![Homepage image of HNT website](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_05_05_at_15_31_19_d23412dd42.png)

## What is The People’s Network? 

In a nutshell, The People's Network is the world's largest and quickest-growing Long Range Wide Area Network (LoRaWAN), with hundreds of organisations and thousands of developers already BUIDLing on the network. 

By simply deploying any device in your home or office, you can obtain low-power network coverage that can sustain billions of devices at a time. And it gets better – by connecting your device to a network Hotspot, upon device validation and wireless coverage provision, you also earn a new cryptocurrency called HNT. 

[This crypto mining setup ](/news/article/norway-bitcoin-mining)is without expensive GPU technology and makes for an interesting passive [income opportunity](/news/article/metamining-earning-passive-income-from-bitcoin). HNT mining is done via radio technology, and, currently, there are more than 990k network Hotspots, with over 143M HNT tokens in circulation. 

## Helium (HNT) market cap and price predictions 2030 

As is [advertised on the website](https://www.helium.com/token), there is no pre-mine of the cryptocurrency and its maximum supply is capped at 223M tokens. 

With more than 143M HNT in circulation currently, roughly 64% of the total token supply has been distributed to various eligible parties already. 

According to [Coingecko data](https://www.coingecko.com/en/coins/helium), HNT is priced at $1.77 at the time of writing. The crypto asset has a total market cap of more than $255M and a 24-hour trading volume of over $2.55M. HNT achieved an all-time high of $54.88 on 12 November, 2021, and an all-time low of $0.11 on 18 April, 2022. 

![coingecko price chart for HNT](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_05_05_at_15_31_27_1423dbbc15.png)

Source: [Coingecko ](https://www.coingecko.com/en/coins/helium)

From this chart and historical price data, it is clear that Helium is a particularly volatile cryptocurrency that experienced a massive price dip between late November 2021 and March 2023. 

Of course, this period has coincided with several macroeconomic and crypto industry-related issues. Since falling to a 17-month low of $1.23 on 23 March, 2023, Helium has recovered slightly. That said, what is the true ceiling for the cryptocurrency? 

While it is hard to predict how high HNT could fare in terms of its price, The People's Network is surely gaining traction by the day. Several prominent figures across numerous industries are taking advantage of the network, including Agulus, Airly, Nowi, Digital Matter, and LoneStar Tracking. 

“Our devices monitor water usage and help with leak detection. For us, Helium is essential because the cost of and the barriers to installing a gateway to every single deployment would make those deployments much more difficult.”  -Nowi co-founder Charles Fayal 

These organisations are BUIDLing a rich ecosystem of software and hardware solutions that utilise and support The People's Network. Applications include indoor/outdoor location tracking, the Internet of Things (IoT), smarter agriculture, smart gateways, air quality monitoring, staking provisions, and smart weather stations. 

It is evident that The People’s Network infrastructure is supporting REAL WORLD change, with HNT at the heart of the ecosystem. 

Keeping that in mind, the prospect of [cheap crypto mining](/news/article/marathon-digital-sustainable-mining) (in the form of HNT mining), the cryptocurrency's fixed token supply, historical data, and the potential growth of the crypto industry with time, among several other factors, the crypto asset could achieve a multi-billion dollar market cap in the near future. HNT is likely to hit double-digits again as well. 

[Popular crypto exchanges to buy](/news/article/bitrue-crypto-exchange-reviewed) the cryptocurrency include eToro, Crypto.com Exchange, Gate.io, Kucoin, and Bybit. Currently, Gate.io is the most popular exchange to trade Helium. 

As always, do your own research and follow the project closely to learn of the latest updates. To help you better understand the crypto asset's fundamentals, let us explore it in more detail. 

## Everything you MUST know about Helium (HNT) 

- The distribution of Helium changes over time. This ensures that HNT distribution is aligned with network needs. Let us explore the Year 1 Breakdown to understand the incentives model better: 

- Network data transfer: 30% of the Year 1 supply was awarded for hearing devices and receiving and passing on their data packets to the internet. 

- Hotspot infrastructure: 35% of the Year 1 supply was awarded for creating, witnessing, and participating in Proof-of-Coverage challenges. 

- Helium Systems Inc. and investors: The remaining 35% of the Year 1 supply was assigned to organisations, investors, and founders who will be in charge of blockchain governance. 

For BUIDLing and securing coverage, a large proportion of Helium is allocated to Hotspot owners in the early days. As the network grows in stature, Hotspot owners earn more for relaying device data on the network, while Helium Systems Inc. and investors earn less. 

After 20 years, HNT distributions will no longer undergo change. The below chart summarises the HNT token distribution system over 50 years. 

![helium investors chart](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_05_05_at_15_31_35_13b89202aa.png)

## Network Data Transfer Rewards 

Network Data Transfer Rewards are distributed at a 1:1 ratio to Helium spending and are restricted to 30% of all minted HNT (Year 1). As a bonus for providing early network coverage, the remainder is awarded to the Proof-of-Coverage Rewards Pool as a bonus. 

## Helium (HNT) supply 

With a maximum supply of 223 tokens, all Helium was mined from Genesis, commencing at a rate of 5M tokens each month and then halving after two years. On 1 August, 2021, the net issuance of HNT tokens was halved to 2.5M tokens/month. 

![line graph of HNT vs inflation rate](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_05_05_at_15_31_40_026c4182d8.png)

On 1 August, 2023, the net HNT issuance will again be halved to 1.25M tokens/month. 

## Net Helium (HNT) Emissions 

With the net HNT issuance halving every two years, there needs to be a mechanism to reward Hotspots if there is not enough Helium minted at the time of asking. Net Emissions uses (recycles) 'burned' HNT tokens to reward Hotspots (see the Burn-and-Mint Equilibrium token model we referred to earlier). 

Net Emissions are limited to 1% of current token issuance per epoch. This system oversees Data Credit network usage and adds that amount of tokens (taking into consideration the cap) onto the issuance supply. 

The system ensures deflationary pressure is not extinguished after the cap has been reached while allowing for rewards to exist in years to come. Once the limit is exceeded, the network value should logically increase, satisfying the Burn-and-Mint Equilibrium token model. 

The below chart explains how Net Emissions towards Hotspot rewards increase as HNT minting decreases over 50 years. 

![hnt minting supply chart](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_05_05_at_15_31_47_a3d9f5feff.png)

Considering these factors and features, it is clear to see that HNT is backed by sound fundamentals. Coupled with the promise of the network's underlying technology and all other points of discussion, Helium seems to be a good long-term investment option. For the last time, DYOR before making an investment decision! 

To round off your understanding of Helium and the token model of The People’s Network, let us explore the Data Credits system. 

## Data Credits 

These are used by devices to send data on The People's Network and for blockchain transaction fees (Helium Blockchain). They are created by burning HNT tokens, are tied to a single user, and are non-exchangeable. As such, Data Credits are the ONLY payment accepted to send data over the network. 

The data transfer takes place via Helium LongFi. The price of one Data Credit is fixed in US dollars (1 Data Credit = $0.00001). You can convert your HNT to Data Credits or purchase Data Credits from an HNT owner. 

As soon as Helium is converted to Data Credits, the converted tokens are burned and removed from the circulating supply. 

## Fun facts about Helium (HNT), The People’s Network 

Here are some fun facts about The People’s Network that you MUST know: 

- You can [stake HNT](/news/article/hnt-staking-and-maximizing-returns) to become a validator, secure the network, and earn more of the cryptocurrency! Learn everything [about staking here](https://www.helium.com/stake). 

- The network is built on open-source technology and governed by an open association. This makes for transparent development and governance. 

- With thousands of existing MCUs, chipsets, and sensors, development on the network is streamlined and easy. 

- There are more than 120 projects utilising the network's wireless technology at the moment. 

- The wireless technology is scalable and affordable, as running a single Helium sensor costs mere cents. 

hnt coin on green iamge of cryptocurrency coins

HNT: Why Helium is the New Crypto Mining Haven 

Hedera coin (HBAR) is the native cryptocurrency of the Hedera network, a [third-generation Proof-of-State (PoS) public ledger](/news/article/hedera-hashgraph). The crypto asset serves a dual role: to pay for network services in terms of transaction fees and to protect the network from actors with bad intentions. 

## What is the Hedera network? 

Hedera network is a third-generation, open-source public ledger for builders, creators, enterprises, decentralised finance (DeFi), non-fungible tokens (NFTs), [central bank digital currencies (CBDCs)](/news/article/uae-cbdc-to-complete-first-phase-by-2024), and sustainability. 

In a nutshell, the blockchain powers institutional applications and native Web3 ecosystems for the next generation of the internet. The public network is responsibly governed by the Hedera Governing Council – a transparent, decentralised body of Web3 projects, enterprises, and prestigious universities. 

The governing body includes global stalwarts such as Google, IBM, Wipro, Ubisoft, ServiceNow, Chainlink Labs, and IIT Madras. The Hedera ecosystem standards and codebase are built by the developer community via Hedera Improvement Protocols (HIPs). 

The community comprises Hedera ecosystem and application developers, peripheral organisations, and node operators. These include the likes of LimeChain, Horizon Labs, LG, Meeco, HashPack, Luther Systems, and Six Clovers. Hedera's Ethereum Virtual Machine (EVM) smart contracts are performance-optimised. 

These smart contracts, coupled with consensus service application programming interfaces (APIs) and easy-to-use native tokenisation, enable the developer community to build real-time Web3 ecosystems and applications. 

It is also worth noting that Hedera has a robust codebase, transaction order fairness with consensus timestamps, low and predictable fees, and fast finality. Here are some interesting statistics to back up these claims (all at the time of writing): 

- 1,998,822 mainnet accounts created 

- 47,472,513 transactions in the last 24 hours 

- 64 seconds to consensus finality 

- $0.001 average cost per transaction 

- 000003 average kWh per transaction 

At the heart of the Hedera network is its energy-efficient, dual-role native token, HBAR. Let us dive further into the cryptocurrency's historical data and fairly determine our HBAR price predictions for 2030. 

## Hedera coin historical data and price predictions 2030 

According to[ Coingecko data](https://www.coingecko.com/en/coins/hedera), the current price of HBAR is $0.063. Hedera coin has a total/maximum token supply of 50B tokens, of which over 31B are currently in circulation. The crypto asset’s market cap is nearly $2B, with a 24-hour trading volume of almost $46M. 

In terms of market cap rank, HBAR is placed at 34th. The crypto asset achieved an all-time high of $0.569 on 15 September, 2021, and an all-time low of $0.0098 on 2 January, 2020. 

Owing to several macroeconomic factors, the calamitous downfall of crypto industry giants like FTX, Terra, Three Arrows Capital, and Celsius Network, and an increasingly regulatory-prone environment, several altcoins fared abnormally poorly in the mid-latter half of 2022. 

![downward trending hedera stock chart](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_05_05_at_15_04_37_293d464267.png)

Source: [Coingecko ](https://www.coingecko.com/en/coins/hedera)

Naturally, the Hedera coin was gravely affected by these market conditions. Its value dropped from $0.196 on 21 April, 2022, to $0.0365 on 1 January, 2023. Since then, the cryptocurrency's value has nearly doubled. 

If we factor in all we have learned about the Hedera network so far, keep in mind HBAR's historical data, and consider the growth of the blockchain industry at a CAGR of 85.9% from 2023 to 2030, we can attempt to predict its future price. 

That said, it is impossible to predict the price of any cryptocurrency accurately. Given that HBAR is already a top-50 crypto asset and is worth nearly $2B in terms of its market cap, the crypto asset may touch the highs it achieved in mid-September 2021 in the next few years. 

This, of course, must be supplemented by significant development activity and user interest. We at Moni Talks believe it is quite difficult for HBAR to breach the $1 mark (nearly impossible). You can buy HBAR tokens at leading crypto exchanges like Binance, eToro, Coinbase Exchange, OKX, BingX, and DigiFinex. 

Predictably, Binance is the most popular crypto exchange to trade Hedera coin. Understanding the token's use cases and significance to the network is important before making an investment decision. We insist you do your own research (DYOR) at all times. 

## Everything you NEED to know about Hedera coin 

HBAR serves a dual purpose in the Hedera network. 

As network fuel, developers use Hedera to pay for network services, including logging data, calling smart contracts, [minting cryptocurrencies and NFTs](/news/article/guide-to-minting-nfts-opensea), and transferring the crypto asset. 

For each of these transactions, Hedera is used to pay fees that recompense validator nodes for storage, computing, and bandwidth. 

As a network-protecting agent, Hedera, which is staked to network nodes, has a weighted voting influence on consensus for validating transactions. Weighted voting makes it extremely expensive and difficult for bad actors to harm consensus. 

To put it into perspective, a bad actor would have to own and stake more than one-third of the cryptocurrency’s total supply to obtain centralised authority. 

## Token allocation categories 

As mentioned, the total supply of HBAR tokens is 50B, with more than 31B circulating at the time of writing. You can see from the below figure that 31.33% of the total supply remains unallocated (as is evident from the circulating supply). 

![hedera alllocation categories](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_05_05_at_15_04_44_f8d0b85c7d.png)

Other allocation categories include: 

- 90% to Ecosystem and Open-Source Development 

- 74% to Initial Development Costs and Licensing 

- 26% to Purchase Agreements 

- 77% to Network Governance and Operations 

## The advantages of HBAR 

Here are the advantages of HBAR over first-generation and second-generation cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH): 

- Outstanding throughput: With a throughput of 10,000 HBAR coin transactions per second (TPS), the Hedera network does not compromise on network stability or security. 

- Incredibly low fees: The cost per HBAR transaction is incredibly low, costing around $0.0001! Compared to the enormous ETH fees we see ‘gracing’ social media nearly every day, HBAR is extremely efficient. 

- Finality in mere seconds: Gone are the days when you had to wait for block confirmations to execute a transaction. HBAR transactions achieve finality in mere seconds (3-5, to be precise). 

Overall, using HBAR ensures you can settle payments and modernise digital experiences seamlessly. Here are some network metrics to back the above information: 

- Transactions: 60,334,562 per day 

- Latency: 5.64 seconds to finality 

- API calls: 634 per HBAR 

## Staking Hedera coin 

Once you have purchased HBAR at a crypto exchange, or any other third-party platform or organisation, you can use your purchased Hedera coin to pay application transaction fees, purchase goods and services, or simply hold on to your tokens with a long-term vision in mind. 

One more option that arises is staking. You can stake your HBAR to a Hedera network node for a maximum APY of 6.5%. This annual reward rate cap was determined by the Hedera Governing Council through the Coin Committee. 

The actual reward rate varies from node to node and depends on the amount of staked tokens. It is worth noting that nodes that are inactive or down will NOT be eligible to earn HBAR rewards. 

Supported wallets include: Blade, HashPack, MyHbarWallet, Uphold, Wallawallet, and Yamgo. 

Supported exchanges include: OKX 

Custodians include: Hex Trust 

[Staking reward distribution](/news/article/hnt-staking-and-maximizing-returns) can be triggered by numerous mechanisms. This [document will help](https://docs.hedera.com/hedera/core-concepts/staking/stake-hbar) you understand each of these mechanisms. 

It is worth noting that the staking feature will be rolled out in four distinct phases, of which Phase I: Technical Availability, Phase II: Ecosystem Development, and Phase III: Staking Rewards Program Launch, have been completed. Click on this link [for an in-depth understanding](https://docs.hedera.com/hedera/core-concepts/staking/staking) of the complete staking program. 

Before investing in HBAR in the short or long-term, ensure that you have performed your due diligence. Visit the [Hedera website](https://hedera.com/) for more details. 

Hedera coin price prediction 2030: HBAR to $1? 

The cryptocurrency market has witnessed the emergence of various blockchain-based solutions that are disrupting traditional industries in recent years. One such project that has gained considerable attention in the crypto sphere is VeChain's VET coin, built on the [VeChain blockchain](https://www.vechain.org/). 

The VeChain blockchain was launched in 2017, primarily focusing on supply chain management. Over the years, the project's ecosystem has evolved, and it now provides a platform for various businesses to nurture sustainability. 

Here, we will delve into the role of VET coin in the VeChain ecosystem, how it works, and the market outlook. 

## Blockchain and sustainability  

Blockchain technology can have a significant impact on sustainability efforts in various industries. Its decentralised and transparent nature enables more efficient tracking of resources, supply chains, and carbon emissions. Accordingly, an increasing number of projects are introducing blockchain solutions to achieve sustainability goals. 

Blockchain systems can contribute to sustainability in many ways. The most common application is tracing carbon credits, which can help businesses reduce their carbon footprints. Another way is to trace the journey of sustainable products. In addition, blockchains can improve waste management systems and supply chains and even facilitate trading renewable energy. 

Now, let's talk about what VeChain is and how it is working to foster sustainability. 

## What is the Vechain blockchain? 

[Cryptocurrencies often raise environmental concerns](/news/article/environmental-cryptocurrency-concerns), but VeChain is here to prove otherwise. It's a trustworthy distributed platform that offers businesses a solution for ensuring an accountable data flow and providing high-speed transactions. The blockchain was released in 2017 and has since presented three whitepapers. 

According to its first whitepaper, the platform focused on providing supply chain management solutions to businesses. However, the recently presented whitepaper suggests that the platform is evolving into an L1 blockchain that will offer environment-preserving solutions. 

VeChain is a diverse network that has introduced two native tokens: VeChainThor (VTHO) and VeChain Tokens. The first is used for gas or payment transfers, while the second is the utility token used to transfer value. The platform uses a two-token model to mitigate volatility and maintain stability in its ecosystem. 

Leveraging VeChain's environment, businesses can develop decentralised apps (DApps) according to their needs. They can use the blockchain as a platform to store and track service or product information securely. Additionally, it allows customers to track the authenticity of sustainable products. 

## How is Vechain building the blockchain biosphere? 

Vechain is a distributed ledger that is constantly evolving to help enterprises adopt blockchain technology for sustainability. The blockchain offers flexibility, a sustainable economic model, and transparent governance to maintain efficiency and transparency.  

The blockchain introduces a two-token model, which makes it dependable. Besides, there is a Proof of Authority (PoA) consensus method for the blockchain's governance. This consensus mechanism has a set number of verifiers, which improves its energy consumption. It makes the network highly secure and speeds up transactions.  

In late 2022, the network also went through an update that upgraded the PoA to PoA 2.0. There were three main additions to the network, including absolute finality, reduction in risks of disruption, and enhanced efficiency for faster transactions. 

The network's layer 1 blockchain is VechainThor which allows enterprise adoption. It provides an energy-efficient environment, open source, and user-friendly. The chain, along with the PoA 2.0. makes the network scalable, secure, and eco-friendly.  

In addition, the network is designed in a way that it can integrate all Internet of Things (IoT) technologies. It makes the Vechain ecosystem capable of resolving issues like storing large amounts of data. This power allows enterprises from various domains like medical, energy, supply chain, finance, and others to move towards digitised ecosystems.  

Vechain can provide a backbone for enterprises looking to build sustainable products. With its trustless smart contract and the ability to incorporate IoT, Vechain can help enterprises blend the physical world with the digital one, a phenomenon known as "phygital". 

## Features of Vechain 

Here are some of the prominent features of the Vechain network: 

1. Integration with the IoT 

A prominent feature of the Vechain blockchain is its ability to integrate with IoT devices. It can help collect and track data from various devices using IoT technology. 

This power of the VET blockchain makes it suitable for a range of domains, especially healthcare and supply chains. It can help integrate smart contract technology into devices and bring trustless automation. Moreover, you can create an incentivised ecosystem that streamlines all the devices within a network. 

2. An economy based on a dual-token model 

The Vechain network also introduces a dual token ecosystem that depends on VET and VTHO coins. This type of economy is introduced to make the network stable and tackle volatility. Besides, it also allows the network to cut down its energy consumption. 

The two tokens have specific roles in the ecosystem: the VET token covers the utility requirements, and the VechainTHOR token is used for gas costs. This type of model is more efficient than most prevalent single-token models. 

3. PoA consensus mechanism 

The platform uses the PoA consensus mechanism to secure the network and to add new blocks to the chain. It is a version of the Proof of Stake (PoS) mechanism that secures the system by staking tokens. However, the difference here is that PoA has designated verifiers in the network, and they can use their identity to validate transactions. 

Vechain is among the most popular blockchains that use the PoA consensus method. Other noteworthy blockchains that use the method are [Bitgert](/news/article/bitgert-price-prediction), Xodex, and Palm Network. 

4. Supports sustainability 

Another unique feature of the Vechain network is that it is designed to support sustainable projects. Although it started as a platform for supply chain management, it has evolved into a complete ecosystem that can support environment-friendly businesses. 

The platform can work as a hub for different use cases of blockchain tech for sustainability. It is working in alliance with numerous enterprises to develop a biosphere. 

5. Energy efficient  

The Vechain network is one of the most eco-friendly projects in the crypto market. It also makes claims that it is the most energy-efficient blockchain, consuming only 0.04% of the energy other blockchains consume. 

According to the 2022 carbon footprint data Vechain shared, the blockchain consumed 4.46 t CO2e/year. This amounts to only the carbon emissions of a gasoline-powered vehicle. That's why the blockchain is not only fast and scalable, but also remains environmentally friendly. 

## VET coin price and tokenomics 

The Vechain network has introduced two distinct coins, but in this article, we will solely focus on the VET coin. 

VET is the utility token that powers the platform's ecosystem and pays for transactions on the network. 

The VET tokenomics aim to create a self-sustaining ecosystem where VET holders are incentivised to hold and use VET in the Vechain ecosystem. VTHO generation incentivises VET holders to use the network. This model ensures the long-term viability and growth of the Vechain platform.  

Currently, the total supply of VET coins is capped at 86,712,634,466 tokens, with approximately 64% of the total supply in circulation. The coin holds the 38th rank among all cryptocurrencies, with a market cap of $1,656,457,551 and a trading volume of $48,911,786 in the past 24 hours. 

Moreover, as per [CoinMarketCap](https://coinmarketcap.com/currencies/vechain/), the VET coin currently trades at around $0.0228. At time of writing, the coin's price is down by around 2%. 

In 2021, the VET coin recorded its all-time highest value at around $0.2782. Since then, the token's price has dropped by 91.84%. However, the coin's lowest value was recorded at $0.001678 in 2020. 

## VET coin price prediction 

The current trend indicates that the 50-day SMA (Simple Moving Average) for the VET coin is at $0.0214, while the 200-day SMA is $0.0220. Additionally, the coin’s 14-day RSI (Relative Strength Index) stands at 42.46. Based on this data, VET is expected to maintain a similar price in the near future.  

However, according to price predictions from [CoinCodex.com](https://coincodex.com/crypto/vechain-token/price-prediction/), bearish sentiments are expected for the next five days. While the market's fear and greed index indicates neutrality, a price drop of more than 5% may be anticipated. The asset’s volatility is expected to be 4.59% for the next 30 days. 

Disclaimer: Please note that cryptocurrency price predictions are not certain and should be cautiously taken. These predictions are based on various market factors and should not be considered investment advice. 

## Long-term price predictions for VET Coin 

Let’s take a look at the price forecast for the years 2023, 2025, and 2030.  

Price predictions from PricePrediction.net  

According to [PricePrediction.net](https://priceprediction.net/en/price-prediction/vechain)’s Vechain price prediction, the VET coin price in 2023 is expected to average at $0.031. The highest predicted value for the token is $0.036, and the lowest is expected to be $0.030.  

Looking ahead to Vechain’s price prediction for 2025, the coin’s price is expected to grow steadily. The prediction suggests that the VET coin will average around $0.064 and may reach a maximum value of $0.078. The coin’s minimum price in 2025 is expected to be $0.062.  

PricePrediction.net’s data also shows predictions until 2030. The prediction indicates that the coin will eliminate a decimal in 2027 and may reach up to $0.41 by 2030. The price may also hit the $0.5 mark, while the lowest will be $0.40. 

### Price predictions from DigitalCoinPrice   

The price predictions from DigitalCoinPrice are similar to those of PricePrediction.net, with a forecast of sluggish progress for the VET coin in the coming years. 

The token's price is expected to reach a maximum of $0.048 in 2023, with an average trading price of $0.0461. 

Looking ahead to 2025, the Vechain price prediction suggests that the token will be valued at around $0.078, with a maximum value of $0.0794 and a minimum value of approximately $0.064. Additionally, 2030 predictions indicate that the VET coin will be floating in the market at around $0.23. 

It is important to understand the factors involved in making these predictions. [Price predictions ](/news/article/cryptocurrency-news-predictions)are usually based on technical analysis, which involves studying a particular cryptocurrency's historical price movement, trading volume, and market trends. Other factors affecting the price include [global economic](/news/article/cryptocurrency-and-the-economy) and political events, [government regulations](/news/article/crypto-regulations), and market sentiments. Investors should remember that price predictions are speculative and not guaranteed. You should always conduct your research and analysis before making investment decisions. 

## Where can I buy the Vechain (VET) coin? 

VET and VTHO coins are available on most popular crypto exchanges, including Huobi Global, Binance, and several other notable exchanges. You have numerous options for trading VET coins, as it’s available in trading pairs with cryptocurrencies, fiat currencies, or stablecoins. 

## Is VET coin a good investment? 

As with any other crypto project, the [value of VET coin](/news/article/vechain-news) will depend on how the network progresses in the coming years. The technology and vision behind the Vechain network are novel and have the potential to transform industries. Furthermore, it can support the efforts of projects working to preserve the environment. 

The network offers various use cases in healthcare, IT, supply chain, and other domains. It currently collaborates with top companies such as [PwC](https://www.pwc.com.pk/en/), [BMW](https://www.bmw.com/en/index.html), [Walmart China](https://corporate.walmart.com/our-story/our-business/international/walmart-china), [Haire](https://www.haier.com/pk/), [DHL](https://www.dhl.com/global-en/home.html?locale=true), and many others. VET’s price may rise if its ecosystem continues to attract other large enterprises and successfully creates a blockchain biosphere. 

However, if you're looking to invest for immediate returns, it may not be the ideal choice. If you believe in the project's sustainability vision, then it would be prudent to consider it for long-term investments. 

In any case, you should conduct your own research by tracking market trends and conducting a thorough analysis of the project. 

All you need to know about Vechain’s VET coin 

The latest [Cardano](/news/article/cardano-midnight-new-privacy-blockchain) news making headlines has primarily focused on developments in its ecosystem. 

Unfortunately, while many blockchain enthusiasts continue to lambast Charles Hoskinson, the project's founder, over a lack of strong decentralized applications (DApps) to challenge Ethereum's status as the most powerful decentralized finance (DeFi) network, many outlets have largely ignored the project's growing total value locked. 

## Latest Cardano news: Value locked in DApps explodes in 2023 

Cardano has been one of the most discussed projects in the smart contracts-backed blockchain technology sector for a long time. 

Hoskinson's ability to identify the problems associated with using blockchain, such as decentralization, security, and scalability, made it one of the most considered networks for several up-and-coming developers. 

After years of trailing [Ethereum](/news/article/eth-shanghai-upgrade-postponed) and later the likes of Internet Computer, [Solana](/news/article/a-look-into-solana-faucets), and Algorand, [Cardano](/news/article/cardano-analysis-and-explanation) finally triggered "[Alonzo](https://markets.businessinsider.com/news/currencies/cardano-ada-alonzo-upgrade-defi-smart-contracts-charles-hoskinson-2021-9)", a network upgrade that had been in development for years and remains an integral part of the expansion of its ecosystem. 

In September 2021, Alonzo made the blockchain smart contracts-compatible, and Hoskinson told Business Insider that he considered the move the most significant change in the history of his protocol. This made it possible for DApps to be created on the platform. 

According to data from [DeFiLlama](https://defillama.com/chain/Cardano), Cardano TVL on 1 January was approximately $48.9 million. In fewer than 120 days, about $122 million was added to this statistic due to increased interest in DApps deployed on the network. As of 11:00 UTC on 18 April, the total value locked was around $171 million. 

Much of the spike came from DApps such as decentralized exchanges Minswap, WingRiders, MuesliSwap, SundaeSwap, ADAX Pro, MeowSwapFi, and Genius Yield; decentralized lending platforms Meld, FluidTokens, Lending Pond, Aada, Optim Finance, and Liqwid; staking platform VyFinance; decentralized services applications World Mobile Token, Revuto; and collateralized debt positioning (CDP) applications Indigo and Djed Stablecoin. 

Since total value locked is one of the major indicators of the success of a blockchain protocol, a rise in the overall value of assets quantified in the US dollar (USD) bodes well for the smart contract protocol that processes thousands of transactions per second. 

Many analysts believe a significant rise in the demand for DeFi products will further impact the TVL of Cardano positively.  

Latest Cardano news: Development activity continues to soar 

In the blockchain technology and cryptocurrency space, development activity shows a particular protocol's health and growth. 

Cardano has always been in the top rankings when development activity is measured.  

As of 18 April, development activity stood at [424.73](https://app.santiment.net/watchlist/projects/all-assets-5496?charts=%7B%22isPriceChartActive%22%3Afalse%2C%22isPriceTreeMap%22%3Afalse%2C%22isVolumeTreeMap%22%3Afalse%2C%22isMovement%22%3Atrue%2C%22priceBarChart%22%3A%7B%22interval%22%3A%2224h%22%7D%2C%22socialVolumeTreeMap%22%3A%7B%22interval%22%3A%2224h%22%7D%2C%22priceTreeMap%22%3A%7B%22interval%22%3A%2224h%22%7D%7D). This placed Cardano third in the ranks behind Polkadot and Kusama's 601.33. This puts Cardano ahead of other protocols such as Flow (popular technology behind NFT projects such as NBA Top Shot and NFL ALL DAY), Chainlink, Cosmos, Internet Computer, Hedera Hashgraph, Status, Ethereum, Optimism, Solana, and Avalanche.  

Since development activity is correlated with total value locked through decentralized applications, the amount of liquidity locked in the project, coupled with the forging of many partnerships across Africa, could explode further to the $500 million milestone as the latest Cardano news unfolds. 

Wrong technology and ambitious roadmap have contributed to slow development  

On 6 April, the protocol's founder discussed the latest Cardano news with an analyst at CoinTelegraph, a popular crypto news portal. 

On a podcast dubbed [Hashing It Out,](https://cointelegraph.com/news/charles-hoskinson-cardano-delays-due-to-betting-on-wrong-tech-ambitious-roadmap) Hoskinson touched on many areas, particularly the future of crypto and his vision for the growing sector. 

He revealed that the crypto industry had seen impressive gains in the non-fungible token (NFT) sector while acknowledging that an ambitious roadmap and wrong technology have been significant setbacks in Cardano's quest to becoming what many industry experts deem as an Ethereum Killer, the main rival to Vitalik Buterin's blockchain technology. 

Despite the negatives, he admitted to seeing many positives in the adoption of crypto in Africa (primarily east and west) and disclosed that he plans on dealing with more individuals and companies rather than governments in the region due to political instability.   

## ADA is up more than 80% year-to-date (YTD)  

ADA is the native asset of Cardano. As one of the most demanded cryptocurrencies, the coin fell sharply in 2022 due to the collapse of TerraUSD (UST) in May and [Sam Bankman-Fried's FTX](/news/article/sam-bankman-fried-bail-co-signers-revealed) later in November. 

Thriving on positive market sentiment that has seen Bitcoin (BTC) and Ethereum (ETH) surpass $30,000 and $2,000, respectively, for the first time in months, ADA has also been on an uptrend of its own. 

After opening the year on 1 January with a trading price of[ $0.2464](https://coinmarketcap.com/currencies/cardano/historical-data/), it reached a then-yearly peak of $0.4192 in February on the back of a partnership with AI-powered technology [SingularityNET](link). It closed the first quarter of the year at $0.3989. 

Traders who added ADA to their investment portfolios during the year's opening day saw 60% returns during Q1 2023. 

Bitcoin leads the more than 20,000 cryptocurrencies on the market during bullish days and bearish seasons, while Ethereum leads changes in smart contracts-backed digital currencies. 

With the two coins seeing above-average daily volumes that have rekindled investor interest in searching for the next golden goose, ADA is back on the radar of many crypto lovers.  

As a result, the crypto asset rose to a new yearly peak price of $0.4606 on 15 April. This took its market capitalization to around $16 billion. 

## Will ADA retest $1?  

ADA reached an all-time high (ATH) price of $3.0992 on 2 September 2021. Since then, the coin has been on a downward spiral and continues to trade below $1.  

Its growing ecosystem (development activity), increasing daily trading volume, and a spike in total value locked have led to the trending of the question, can ADA retest the $1 mark across several crypto forums?  

Analyst [Elena R](https://coinpedia.org/price-prediction/cardano-price-prediction/). at crypto news and forecasting portal CoinPedia believes ADA could cross $1 again in the medium term.  

According to her, the slow process in the implementation and completion of the project's roadmap could see the coin reach the highest maximum price of $1.267 by the close of 2025. 

Latest Cardano News: TVL Soars More than $120M

Dogecoin [Twitter](/news/article/twitter-elon-musk-acquisition) yields millions of results across all search engine platforms. While the Shiba Inu-inspired digital asset is a cryptocurrency and Twitter remains one of the most patronized social media networks, the paths of technologies continue to cross largely due to their association with [Tesla Mogul](/news/article/bill-gates-elon-musk-warning) and SpaceX Chief Executive Officer (CEO) Elon Musk. 

The billionaire businessman dumped Bitcoin (BTC) in 2021 and accepted [DOGE ](https://www.tesla.com/support/dogecoin#:~:text=To%20purchase%20using%20Dogecoin%20on,software%20that%20supports%20Dogecoin%20transfers.)for payments on the Tesla Shop.  

Having supported the cryptocurrency over the past three years, leading to more than 10,000% returns in the portfolios of DOGE holders, many analysts are asking whether the memecoin started by Jackson Palmer and Billy Markus could become the primary transactional currency for activities on Twitter. Is Dogecoin Twitter on the way? 

## Dogecoin Twitter: DOGE processes more transactions than most POW coins  

Dogecoin was forked out of Charlie Lee's Litecoin (LTC) – the second cryptocurrency to hit the decentralized finance (DeFi) economy in 2011. Instead of relying on Bitcoin's algorithm, which saw the first blockchain process less than [30 transactions per second](https://cointelegraph.com/learn/dogecoin-vs-bitcoin-key-differences#:~:text=The%20Dogecoin%20confirmation%20times%20lead,less%20volatile%20than%20Bitcoin's%20price.), DOGE tapped into the SCRYPT algorithm, which confirms transactions quickly. 

Additionally, SCRYPT also helps generate several DOGE, handles many transactions, and takes a short period in mining blocks in the network.  

This is why its blockchain processes more than 30 transactions per second and thousands of transactions daily. 

As of 10:00 UTC on 18 April, DOGE was involved in approximately 21,000 transactions in the previous 24 hours. Its ability to process more transactions corresponded with a relatively lesser transaction fee of $0.3131 (below $1), data from [CoinDesk](https://www.coindesk.com/price/dogecoin/) showed.  

Around 300,000 individuals and business organizations had a blue tick on Twitter before the announcement of the subscriptions came through after Elon Musk's takeover. 

While businesses are being given gold tickers instead of blue, with the latter reserved for individuals, certain organizations such as [New York Times](https://www.reuters.com/business/media-telecom/new-york-times-says-it-wont-pay-twitter-verified-check-marks-2023-04-02/#:~:text=April%202%20(Reuters)%20-%20The,on%20the%20social%20media%20platform.) and [the Washington Post ](https://edition.cnn.com/2023/03/30/media/news-organizations-elon-musk-twitter-checkmark/index.html#:~:text=The%20Washington%20Post%20said%20it,longer%20represent%20authority%20and%20expertise.%E2%80%9D)have disclosed that they would not be forking out money for the subscription service.  

Despite this, many organizations have subscribed to the service, and so have certain individuals.  

Should the 300,000 ticker holders stand, or if the number increases, by being able to process around 20,000 transactions daily, if DOGE was to be adopted by Twitter as its primary payment method, it could settle all transactions within 15 days. That's one reason why Dogecoin Twitter could happen. 

## Dogecoin Twitter: Will DOGE be adopted?  

Dogecoin was initially unknown as a mainstream cryptocurrency because it was seen as a joke digital asset that poked fun at Satoshi Nakamoto, an unknown individual who tried to challenge the centralized finance status quo. 

Despite its joke beginning, the influence of Elon Musk continues to reflect positively on the fortunes of the digital currency. The current owner of Twitter continues to tease the idea of a possible adoption due to certain activities on the platform in April. 

To the surprise of many users and crypto lovers, Twitter [changed its logo ](https://www.cnbc.com/2023/04/03/dogecoin-jumps-over-30percent-after-twitter-changes-logo-to-doges-symbol.html)to Dogecoin for a brief period on 3 April. DOGE [opened the day at $0.07909](https://coinmarketcap.com/currencies/dogecoin/historical-data/) and, on the back of the feature upgrade, soared by 30% to a yearly high price of $0.1026. While DOGE fell to an intraday low price of $0.07663 and eventually closed the day at a much-improved price of $0.09608, many market enthusiasts felt the enormous influence of Twitter’s decision on the market value of the meme-inspired coin.  

In the process, investor interest also reached a yearly peak of roughly $3.5 billion. This took the project's market capitalization to around $13.3 billion, data from crypto price tracker CoinMarketCap showed.  

Before becoming the owner of Twitter, Elon Musk [tweeted](https://twitter.com/elonmusk/status/1485953263040188416?lang=en) in January 2022 that he would consume a meal on television if the American multinational fast food chain McDonald's accepted Dogecoin as a payment method. 

Although the whispers of adoption continue to be on the horizon, this is not the first time Elon has supported a cryptocurrency.  

Many Dogecoin holders think the cryptocurrency they continue to hold could see mainstream adoption soon. [An Elon Musk-owned company](/news/article/spend-elon-musk-money) once adopted Bitcoin (BTC) as a payment method in March 2021. This sent the largest digital asset by market capitalization to a then all-time high. Three months later, in May 2021, Tesla announced a discontinuation of the service. This began a five-month bearish cycle that crippled the blockchain-powered economy.  

## Conclusion 

Dogecoin Twitter could happen in the future, but DOGE holders should consider other price drivers as the crypto market is not one way but bullish and bearish. 

doge dogs and elon musk on image of Twitter app

Dogecoin Twitter: DOGE the New Payment Method?

## All you need to know about Terra Luna 2.0 

In May 2022, the [Terra network](https://www.terra.money/) released their new coin called the Luna 2.0. The Terra Luna 2.0 coin started trading at £14.31 and spiked to £15.71 within the first hour of its trading. However, the coin soon proved to be unsustainable after its launch. 

This is because Terra's old coin, the Terra classic, coexists with the Terra 2.0 and has a higher market cap, £772 million, compared with Luna 2.0 at £161 million. 

The Binance, KuCoin, and OKX cryptocurrency exchanges added the new Luna 2.0 token to their platforms. However, the token remained underwhelming and mostly traded between £1.10 and £1.50 in the subsequent months, except for a surge of roughly 200% on 9 September. 

The [arrest warrant for Do Kwon](/news/article/terraform-ceo-do-kwon-arrested), founder of Terra, issued by a South Korean court later in September contributed to Terra Classic plummeting more than 20% and Terra Luna 2.0 going down by 40%. 

In addition, Luna 2.0 was not immune from the [FTX scandal ](/news/article/ftx-bankrupt-who-to-blame)and hit an all-time low of £1.16 in November 2022. 

## What is Terra Luna 2.0? 

Kwon proposed a hard fork for the Terra blockchain, resulting in the launch of Terra 2.0, which led to a 65.5% majority approval. The new Terra does not have the algorithmic stablecoin, and the Terra Builders Alliance provided technical details on integration, DApp migration, and rebranding of the original chain as Terra Classic. 

The old LUNA tokens were renamed LUNC, and coin minting or burning options were disabled. The launch of the new blockchain came on 28 May, 2022. 

Terra 2.0 introduced a policy to issue extra Luna tokens to crypto investors who bought more than 10,000 LUNA before the stablecoin crash. This move aimed to prevent a sudden sell-off of Terra 2.0. 300% of the investors' Luna tokens were unlocked immediately, while the remaining 70% will be issued over two years. After six months, these investors will receive the new Terra 2.0 tokens. 

## What is Luna classic? 

Luna Classic is the coin left behind after the collapse of UST/Luna and the establishment of the new Terra chain. 

Kwon's plan involved creating a new chain named Terra (Luna 2.0) for future transactions, while the old chain was split into two, the Terra and Luna Classic (LUNC). 

The term "Classic" is similar to Ethereum Classic, which split from Ethereum following a hack in 2017. The old version of the Terra protocol supported stablecoin developers in creating Terra DeFi projects, including Terra and Luna, with Terra being pegged to fiat and other currencies such as UST to the US dollar and KRT to the South Korean won. 

Terra's native token, Luna, served as the network's governance and staking asset. It was also used to burn and mint stablecoins tied to fiat. 

These stablecoins weren't backed by fiat, but were algorithmic. The system enabled users to invest in stablecoins without possessing their physical counterparts. However, on 9 May, UST was unpegged from the US dollar, which triggered a chain reaction, [leading to the UST and Luna crash](/news/article/terra-solutions) and a larger cryptocurrency sector decline from which it is yet to recover fully. 

## How does Luna Classic work? 

The distribution of the new Luna tokens in Terra 2.0 is divided into predetermined groups. The community pool and developers receive 30% and 10% of the total token distribution, respectively. Pre-crash LUNA holders get 35% of the new tokens, while pre-crash UST holders get 10%. Post-crash Luna holders and staking derivatives are getting 10% of the new tokens, with 30% unlocked at Genesis and the remaining 70% vested over two years, subject to a six-month cliff. 

Post-crash UST holders are getting 15% of the tokens, with 30% unlocked at Genesis and the remaining 70% vested over two years, subject to a six-month cliff. 

Additionally, all LUNA token holders with at least 10,000 tokens are receiving new coins to ensure equal initial liquidity profiles. 

It's important to note that delegating Luna tokens to validators comes with risk, as validators can be penalized for misbehaviour, resulting in staked tokens being slashed. In terms of incentives, rewards for delegators depend on the voting power of the validators, with those having more voting power earning more rewards. However, these rewards must be dispersed among a wider pool of delegators. Delegating can be done via the Terra Station interface. 

## How does Terra Luna 2.0 work? 

A classic PoS validates the Terra Luna 2.0 transactions on the cryptocurrency blockchain. 130 validators engage in the network consensus at any given time with voting privileges that are decided by the quantity of Luna 2.0 on the current node. To produce rewards, gas fees and a 7% fixed annual Luna 2.0 inflation are used. 

Luna 2.0 token holders participate in the consensus process by delegating their tokens to a validator of their choice. Validators typically contribute their own stake and take a commission before distributing rewards to delegators. 

In Terra 2.0, coin delegators are incentivized based on the voting power of validators. Validators with higher voting power earn more rewards, which are then distributed among a larger pool of delegators. The delegation process can be done through the Terra Station interface, but there is a risk involved. 

Validators can be penalized if they behave improperly, which could result in a loss of staked Luna 2.0. Slashing penalties can occur even if the validator is accidentally turned off for a short period. 

It is important to note that validators also put up their own stake, similar to delegates, before being able to reward delegators. This means that the validator has a vested interest in maintaining good behaviour to avoid losing their stake. Additionally, delegators can choose to delegate their LUNA 2.0 tokens to a validator of their choice, giving them a say in the consensus process. 

Overall, delegating LUNA 2.0 tokens can provide a way for investors to earn rewards while also participating in network governance. However, it is crucial to understand the risks involved and to choose validators carefully to minimize the chances of penalties or loss of staked tokens. 

## Investing in Terra Luna 2.0 

If you're interested in purchasing Luna 2.0 tokens, a cryptocurrency exchange is needed to convert your fiat currency into Luna. However, since Luna was delisted from several exchanges due to UST's collapse, it hasn't yet returned to all of them. 

Despite this, several exchanges, such as Binance, KuCoin, Crypto.com, and eToro, still facilitate the trading of Luna 2.0 tokens. 

Buying Luna 2.0 tokens on these exchanges involves registration, depositing funds, selecting an investment amount, and choosing a wallet to store the funds. 

According to Mudrex CEO and Co-Founder Edul Patel, Luna 2.0's revival plan aims to make Terra more like a decentralised autonomous organisation (DAO). Patel notes that while the plans are in place and gaining support from Luna holders, it may take some time to materialise. 

Sathvik Vishwanath, CEO and Co-Founder of Unocoin, believes that Luna's recent struggles were partially due to the governance structure of the Luna Foundation. Luna 2.0 seeks to decentralise governance and become a DAO, allowing for more global governance rather than just one organisation or foundation, Vishwanath added. 

## Terra Luna 2.0 price today 

![Terra to USD chart](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_05_02_at_16_02_06_8fa5b3b96f.png)

Terra Luna 2.0 price stands at £1.00 and has seen a 1.24% hike in the last 24 hours. The market cap for the coin is set at £259,343,209 with a fully diluted market cap of £1,006,958,588. Terra Luna 2.0's value stands at £26,669,196, down 10.23% in the last day alone. Currently, Luna 2.0 has a circulating supply of 258,198,184. 

The graph for Terra Luna 2.0 shows that the coin's price is steadily increasing and [predicted to go up](https://coinmarketcap.com/currencies/terra-luna-v2/) in the coming days. 

 

Terra Luna 2.0 coin with green background image of man trading with smile

Terra Luna 2.0: Your Ultimate Guide

## Fantom Network and FTM coin explained 

[Fantom ](https://fantom.foundation/)is an open-source platform that allows developers to create decentralised applications (DApps). Its native currency is the [FTM](/news/article/fantom-gbp) coin. 

The network is highly scalable, decentralised, and permissionless, making it an ideal platform for building blockchain-based applications. 

Unlike blockchains, which are composed of blocks, Fantom is a DAG-based smart contract platform that uses vertices and edges to represent transactions. This results in faster transaction times, addressing previous blockchain platforms' shortcomings. 

The platform was founded by Dr. Ahn Byung Ik in 2018. Since then, the project has become one of the most popular blockchains for DeFi transactions. The native token of the network is the FTM coin, which can be used for governance activities, compensating validators, and network security. 

## What makes Fantom different? 

Traditional blockchain systems like [Bitcoin](/news/article/rocketpot-bitcoin-casino-review) prioritize security and decentralization over scalability, making transactions slower and scaling difficult. 

A Bitcoin transaction can take up to 15 minutes to complete. However, the Fantom team aims to address this issue by utilizing a leaderless Proof-of-Stake (PoS) protocol that ensures the network remains secure and decentralised. 

The transaction on the Fantom network takes only 1-2 seconds, making it much faster than Bitcoin, and the transaction costs are also lower. 

The Fantom Opera mainnet supports full smart contract functionality via Solidity and is compatible with Ethereum Virtual Machine (EVM). 

A unique feature of the Fantom network is that it is self-contained, meaning the congestion in one area of the network does not impact other areas. Therefore, every application has its personalised blockchain with specific tokens, governance rules, and tokenomics. This high level of scalability enables an infinite number of decentralised systems that interact with each other while functioning independently in their respective zones. 

## How Fantom solves the Blockchain Trilemma issue 

Fantom's solution to the "Blockchain Trilemma", which refers to the difficulty of achieving a balance between speed, security, and decentralisation, is a significant breakthrough. 

By using a permissionless protocol and an asynchronous Byzantine fault tolerance (aBFT) algorithm called Lachesis, Fantom can achieve all three goals simultaneously. 

Lachesis, the DAG-based aBFT algorithm that underpins Fantom, outperforms both the Classical and Nakamoto models. It is a more efficient, scalable, and secure alternative that allows developers to create peer-to-peer apps without building their networking layer. 

Lachesis is asynchronous, meaning participants can process commands at their own pace without needing a leader or any special function. It is also Byzantine fault-tolerant, meaning that it can achieve consensus in the presence of problematic nodes, including malicious activity. 

Additionally, Lachesis provides immediate usability, confirming transactions in just 1-2 seconds without waiting for block confirmations. 

To connect Lachesis to other nodes and ensure that the same commands are processed in the exact order, peer-to-peer networking and a DAG aBFT consensus algorithm are utilized. This results in fewer created consensus messages, translating to a faster time to finality and lower communication overhead than synchronous BFT. 

## FTM coin - The native token 

FTM coin is the native currency of the Fantom platform. It is an ERC20 token, which is standard for creating and issuing smart contracts on the blockchain. 

It maintains the network's security through a PoS system, and users can send and receive payments and participate in on-chain governance using FTM coin. 

The token can also serve as collateral in the upcoming DeFi ecosystem of Fantom. DeFi is an emerging financial technology that eliminates the central control of banks and institutions over financial products, money, and services. 

FTM tokens can be safely stored in the platform's official wallet, fWallet, which allows users to stake their tokens, send and receive payments, and access the DeFi ecosystem. 

## FTM coin use case 

Fantom network's primary token, FTM, can be used for paying network fees, deploying smart contracts, and transacting on the platform. 

## Payments 

The Fantom network has been designed to achieve speedy finality, allowing faster payment processing that typically takes just around a second. This is made possible by the network's high throughput and low costs, which make the FTM token an ideal option for exchanging money with minimal transaction fees, typically around $0.0000001. 

## Governance 

On-chain governance in Fantom's fully permissionless and leaderless decentralised ecosystem involves stakeholders proposing and voting on modifications and improvements through governance. As the governance token, FTM is necessary for participating in the decision-making process for all network-related matters. 

## Staking 

FTM can be used for staking purposes to secure the Fantom network. Users can earn rewards through additional FTM coins without needing specialised hardware or software for staking. This process can be easily completed using a computer or a mobile phone, making it accessible and straightforward for users. 

## Network fees 

FTM coin is utilized for paying network fees on the Fantom blockchain. These fees cover a variety of activities, including the deployment of Fantom smart contracts, the creation of new networks, and transaction fees. By charging these fees, the network can deter malicious users from targeting it with spam attacks or overwhelming the ledger with irrelevant data. While the fees on Fantom are relatively low, they are designed to be sufficiently expensive to dissuade attackers from entering the system. This helps ensure the security and integrity of the network for all users. 

## Network security 

The [FTM](/news/article/how-to-buy-ftm) token uses a PoS system to ensure the network's security. To participate, stakers need to lock their tokens, while validators are required to hold a minimum of 3,175,000 FTM. By providing their services, stakers and validators can receive fees and epoch rewards. 

## Fantom partnerships and collaborations 

The Fantom Foundation has announced numerous partnerships and collaborations, allowing companies to build private or permission-based blockchain networks on the Fantom platform through its plug-and-play feature. 

This feature offers businesses access to a wide network of users and DApps, global expansion opportunities, and continual development and upgrades. 

Additionally, the Enterprise Fantom program offers a set of guidelines and technical specifications to help accelerate the adoption of blockchain technology among enterprises. 

Recently, the company rolled out a significant upgrade called Go-opera, which has greatly improved network efficiencies and increased the speed of transactions. This contribution has been highly valuable to the blockchain industry. It has also received support from notable figures, such as Formula1 driver Pierre Gasly and entrepreneur Mark Cuban, further elevating its reputation. 

In the DeFi world, the company has partnered with Clover (CLV) Finance and Superfarm to further augment its growth in non-fungible tokens. 

## FTM coin price prediction 

Fantom has been proven a good investment for its investors up to now. Currently, the market cap of FTM is $1,173,568,896, and the circulating supply is 2,783,637,366. The coin's 24-hour trading volume is $115,699,254, and the current price of FTM is around $0.4224. 

As per [cryptonews](https://www.cryptonewsz.com/forecast/fantom-price-prediction/), the FTM coin will hit $0.70 by the end of 2023 if the token can withstand government policies and market fluctuations. 

For 2025, the coin is predicted to hit a mark of $1.51. [Fantom price prediction](/news/article/ftm-price-and-predictions) by 2030 says the coin's value is set to reach $4.59 in the best case. Considering the minimum and average cases, the coin may be around $3.19 and $3.89, respectively. 

FTM Coin and Fantom Network Explained

Toncoin is a layer-1 decentralised [blockchain](/news/article/blockchain-use-cases) initially created in 2018 by Telegram, the encrypted messaging platform. However, the project was abandoned and subsequently taken over by the TON Foundation, which rebranded it from "Telegram Open Network" to the new name of "The Open Network". 

Since 2020, the development of Toncoin (formerly known as Gram) and the TON network has been driven by a non-commercial group of supporters and an independent community of enthusiasts known as the TON Foundation. 

It was intended to be integrated into a user-friendly application that would allow for the easy buying, sending, and storing of funds, with users paying transaction fees and using Toncoin to settle or validate transactions. 

Toncoin uses the [Proof-of-Stake (PoS)](/news/article/ethereum-pos-release-date) consensus model to ensure scalability and reliability. The project website claims the platform offers customers fast, transparent, and secure payment services, enabling transactions with minimal fees and without needing third-party applications. 

## What are the uses of the Toncoin token? 

Toncoin is expected to play a significant role in the new economy and [Web3](/news/article/web3-games-raised-millions). The platform utilises smart contracts to facilitate transaction processing fees. The applications built on the platform offer payment services. Validators can lend capital and earn interest, while cross-chain transaction fees are also facilitated through this token. 

TON's on-chain governance program depends on the token and is also used as payment for blockchain-based domain names (DNS) and TON Proxy. Additionally, validators are required to maintain the blockchain by staking this cryptocurrency. Looking to the future, it is expected to be used as payment for decentralised data storage. 

## TON's flexible architecture allows for scalability without performance losses 

The Open Network is a blockchain-powered by the community, with a flexible architecture focused on serving the average consumer. Its most outstanding feature is its ability to quickly process and validate transactions per second (TPS). 

During a contest in September 2021, the network processed a record-breaking [55,000 TPS](https://coinmarketcap.com/alexandria/glossary/transactions-per-second), although the current TPS may be in the hundreds of thousands or even millions. This attribute facilitates the project's growth while preventing any performance losses. 

The developers' objective is to establish a comprehensive ecosystem encompassing decentralised storage, decentralised services, an equivalent of the domain name system (DNS), an anonymous network, an instant payment platform, and speedy/affordable transaction processing. 

With its scalable and shardable design, the Toncoin network can expand infinitely without compromising performance. This flexible architecture allows the network to accommodate many transactions, accounts, and validators. As of the latest data, the Toncoin network has processed a total of 118,225,433 transactions and has 2,334,994 active accounts. 

Furthermore, the network is secured by 297 validators who use the PoS consensus mechanism to validate transactions and earn Toncoin rewards. This impressive scalability, performance, and security make it a promising platform for decentralised applications and digital asset management. 

## TON's sharding feature 

This network is structured on the [sharding](https://www.rootstrap.com/blog/what-is-sharding-and-how-is-it-helping-blockchain-protocols) principle, or segmentation, featuring a multi-level structure involving multiple subnets on the same blockchain. The TON network is constituted of the master, work, and shard chains. This sharding feature prevents the net from accumulating unverified blocks and speeds up tasks. The developers of TON focus on scalability, efficiency, and mass adoption, providing ultra-fast transactions that verify and process a massive amount of TPS. 

It offers various services to its users, including TON Wallets, which provides two categories of wallets (custodial and non-custodial), and TON Services, allowing developers to create multiple DApps. In contrast, users can access third-party apps through a user-friendly interface. TON Storage provides private encryption using the private key of the owner's wallet, while TON Proxy allows access to the TON blockchain via decentralised VPNs. 

TON DNS (decentralised name system) allows traditional websites to work in the TON network, allowing users to set short, readable names. 

## Toncoin price and tokenomics 

As of writing, the [Toncoin price ](https://coinmarketcap.com/currencies/toncoin/)is $2.31, with a 24-hour trading volume of $25,099,270. The coin's volume is divided between centralised exchanges (CEX) and decentralised exchanges (DEX), with $25,193,486 and $124,808, respectively. 

The coin's market cap is $2,823,172,013, while its fully diluted market cap is $11,544,168,517. The circulating supply of TON is 1,221,401,181, while the maximum supply is 5,000,000,000, and the total supply is 5,047,558,528. 

## Security measures to protect the Toncoin network 

The Toncoin network employs the PoS consensus mechanism for transaction verification and rewards validators with Toncoin. Nominators can also offer tokens to validators and earn rewards. Additionally, the network utilises smart contracts to manage validators and nominators, providing an extra layer of protection. These smart contracts are executed through the TON Virtual Machine (TVM). 

toncoin coin on green image of trading stats

Toncoin: Revolutionising Blockchain Scalability

## Terra Luna Classic price prediction: Will it rise? 

Before turning to the Luna Classic price prediction, let's explain what LUNC is and where it came from. 

Luna Classic became the first token native to the Terra blockchain in August 2018. It operates on the original Terra ecosystem code, unlike the new Terra (LUNA) chain. The primary purpose was to address the price fluctuations of the algorithmic stablecoin, UST. 

The UST stablecoin used minting and burning Luna tokens to balance supply and demand to maintain its peg to the US dollar. However, in May 2022, UST lost its peg and collapsed. The UST stablecoin algorithm created trillions of LUNA tokens, resulting in hyperinflation and a 99% reduction in the value of the original LUNA token. 

## Current price and tokenomics 

At the time of writing, the price of Terra Classic is $0.000125, and it has a 24-hour trading volume of $40,468,398, with $40,395,243 worth of trading volume on centralised exchanges and $77,346 on decentralised exchanges. It has a current [CoinMarketCap ranking](https://coinmarketcap.com/currencies/terra-luna/) of #69, with a live market cap of $742,058,227. The circulating supply is 5,897,710,996,320; the maximum supply is not currently available. Additionally, the fully diluted market cap is $862,645,196. 

## LUNA vs. LUNC: What's the difference? 

Do Kwon and Daniel Shin launched the original Terra blockchain in January 2018. LUNA was introduced through an ICO in early 2019. The blockchain was a great success and soon became one of the top 10 cryptocurrencies by market capitalisation. However, in May 2022, the stablecoin [TerraUSD ](/news/article/terra-usd)(UST) lost its USD peg and crashed with its sister token, Luna, causing a widespread cryptocurrency market downturn. 

To revive the Terra blockchain, Do Kwon proposed a recovery plan that involved a hard fork in creating two separate chains, with the new chain not having any stablecoin. The validators approved the plan on 25 May, 2022, and Terra 2.0 was launched on 28 May. LUNA is the native token of Terra 2.0, while the original Terra blockchain was rebranded as Terra Classic, and its native token was renamed Luna Classic. 

The staking tokens for governance on their respective chains are LUNC and LUNA. However, LUNC has an additional function of maintaining the price stability of its algorithmic stablecoin, Terra (UST), using the protocol's algorithmic market module. In cases where the price of UST rises or falls beyond a certain threshold, the module encourages the burning of UST to produce LUNC or the reverse. As a result, this process aids in reducing price volatility and maintaining stability. 

LUNC serves as an arbitrage mechanism for the Terra algorithmic stablecoin, which sets it apart from LUNA since the latter is not associated with any algorithmic stablecoin. 

## Is there a future for Luna Classic? 

As Do Kwon and his team focus on developing Terra 2, the community will be responsible for running the former network. This raises questions about the future practicality and usefulness of the former token. To address the issue of over-minting, the community has implemented a 1.2% burn tax on all LUNC transactions, including buying and selling. This effort could reverse the damage caused by over-minting by reducing the supply from 6.5 trillion to 10 billion tokens. 

The burn tax destroys 1.2% of all LUNC tokens exchanged during a transaction. While this mechanism aims to decrease the supply, there may also be a corresponding rise in demand in the future. 

The recent support from major exchanges such as Binance and KuCoin for the proposed LUNC token burn has sparked optimism for its future. This positive development may inspire other exchanges to follow suit and support the community's efforts to recover from previous setbacks. Furthermore, sustained support from these exchanges could boost trading volumes and sustain a bullish trend for LUNC in the coming months. 

## Luna Classic price prediction 

Following its rebranding, the price of [Terra Classic](/news/article/luna-classic-news-future) remained low at $0.0001 for several months, which was not surprising given the bearish market for cryptocurrencies. However, LUNC experienced a rally after its tax burn proposal was approved and implemented on 21 September, 2022. This tax involves burning 1.2% of each transaction on the blockchain, which should reduce the supply of LUNC and increase its demand. 

Binance's announcement on 26 September, 2022, that it would burn all trading fees on LUNC spot and margin trading pairs caused Luna Classic to rally even further. Within a few hours, the price of LUNC increased by over 60%, rising from $0.00018 to $0.0003. 

Despite the token's history of implosion, many crypto experts have become relatively bullish about the Luna Classic price prediction due to recent developments. [DigitalCoinPrice](https://digitalcoinprice.com/forecast/terra-luna) predicts that LUNC's price will rise over the next five years, reaching around $0.0012 by 2025. They anticipate the price to stay the same over the next decade. WalletInvestor also forecasts that the cost [will exceed $0.0026](https://walletinvestor.com/forecast/terra-classic-2-prediction-data/5) by 2027. 

[AMB crypto's analysis](https://ambcrypto.com/predictions/terra-luna-price-prediction) has projected the price ranges and average prices of Terra Luna Classic (LUNC) for the next decade, covering data from 2023 to 2034. According to them, the expected Luna Classic price prediction range will be between $0.17 to $0.26, with an average price of $0.22 in 2023. And, by 2025, the cost would fluctuate from $0.00037 to $0.00025. 

By the end of the decade, they expect the price of LUNC will reach between $0.0014 and $0.00093. And by 2034, the price is expected to rise to $0.004, and the yearly bottom could be at $0.0026. 

## What are the potential risks of investing in Luna Classic? 

It cannot be denied that [the crash](/news/article/terra-luna-collapse) of the original Terra blockchain in May 2022 shook the confidence of many investors and crypto enthusiasts. They quickly labelled Do Kwon a fraudster and doubted the possibility of Terra making a comeback. 

Despite this, the Terra Classic blockchain has shown promise since the fork. The coin gained traction after Binance announced the LUNC tax burn on transactions, which indicates a potential increase in the value of Luna Classic in the years to come. 

However, INTERPOL has reportedly requested law enforcement agencies worldwide to locate and apprehend Do Kwon. Terraform Labs, the development firm behind Terra, is accused of running a Ponzi scheme. Therefore, it is difficult to determine if LUNC will genuinely rise from the ashes or ultimately crash and burn. 

While some argue that a strong community on Twitter is expressing their support for the project, it may not be wise for investors to invest in LUNC, given that [Do Kwon](/news/article/do-kwon-red-notice) and his team are reportedly working on Terra 2.0. 

There are numerous upcoming projects in the crypto space with promising technology and strong teams that are genuinely addressing critical issues. Thus, instead of holding onto a project that has failed and been abandoned by its team, it may be more prudent for retail investors to conduct research and identify promising projects of the future to invest in. 

green image of woman trading cryptocurrency on a computer with Terra Luna logo overlayed

Terra Luna Classic Price Prediction

## FTT price prediction: Is there hope for recovery? 

FTT, the native token of FTX, falling off the pedestal in November 2022, from a price of $22 to under $5 within 24 hours and losing over $2 billion in the same period, was as dramatic as they come. 

From the token's all-time-high when the FTT price was $84.18 on September 9, 2021, to trading at an average of $1.20, according to the [CoinMarketCap ](https://coinmarketcap.com/currencies/ftx-token/)at the time of going to press, some experts predict a bullish trend while others suggest it may not reach the value it had before the[ fall of FTX](/news/article/ftx-exchange-under-investigation). 

This article explores the possible movement of FTT price from 2023 to 2030. 

## What is FTT? 

FTT is the native token of the derivative cryptocurrency exchange FTX. FTT is an ERC 20 token that runs on the Ethereum blockchain and needs to be stored in a compatible digital wallet. Like other digital assets, FTT has a value that can be traded besides being used to facilitate financial transactions. The FTX exchange supports FTT's value by regularly repurchasing and burning its tokens.  

FTT offers users access to the features and services provided by the FTX trading platform. Encouraging users to hold and use the token creates utility in the entire FTX ecosystem. 

FTX Token amassed strength and confidence in 2021 when it hit its all-time high, enabling investors to earn between 150 and 100% profits. Nonetheless, rumors about a "hole" in the exchange's balance books negatively impacted its fortunes, causing the coin to lose more than 80% of its value.     

## FTT unique features 

Users of the FTT token enjoy numerous unique benefits, including discounts on trading fees, lower fees when trading crypto futures, and getting tighter spreads besides using the token as collateral for futures trading. The difference can be as high as 60% for active users on the FTX platform. Other unique benefits include the following:  

## Clawback prevention 

FTT provides insurance protection to traders to protect them from Clawback. The insurance component offers a net gain during volatile market periods to cushion traders so they can continue without triggering margin calls. This scheme is especially beneficial when using leveraged tokens, which traders can use to take positions that greatly multiply profit and loss potentials.    

## Staking 

Holders of the FTT token can participate in [staking](/news/article/what-is-staking-crypto), a process where holders can lock their tokens in the exchange to help stabilize it and validate transactions to earn a share of the profits. Stakers enjoy other benefits, including free ERC20 withdrawals, IEO tickets, airdrop rewards, additional rebates, and a chance to win free NFTs by spinning the NFT swag wheel. 

Other specific use cases of FTT tokens include: 

- White label solutions: FTX offers a white label variant of their futures market and OTC site designed to attract large investors to purchase FTT. 

- FTT as collateral: The token is used for users interested in futures trading.  

- FTT token value: Since the token's value is directly related to any upgrades and expansion on the platform, token holders can expect the value of their holdings to rise as its price increases.   

## FTT price prediction 

The FTT token has consistently shown bearish signs. There are mixed feelings about a slight recovery expected over the coming weeks, with investors waiting on the fringes to take advantage of the dip to buy FTT tokens. 

As you may already know, the cryptocurrency market is highly volatile, making a precise FTT price prediction akin to looking for a needle in a haystack. Consequently, no one should take this price prediction as financial advice but as a compass direction to help you make informed investment decisions.   

## FTX token prediction 2023 

As we start experiencing some bullish signs following a slight recovery from the crypto winter, it is expected that FTT will achieve a high of $2.17 as a stepping stone toward recovery. The minimum expected price should be around $1.45, with the average price being $1.81.  

## FTX token prediction 2024 

Should the recovery process go smoothly, and FTT reaches the anticipated new highs this year, the token could hit $3.37 in 2024 and linger around $3.01. However, if the bears return, the token could achieve a minimum price of $2.65.  

## FTT price prediction 2025 

We expect FTT to experience impressive growth in 2025, even as cryptocurrencies continue to make inroads into numerous business sectors. The result would be a price of up to $4.58, some $4.22 on the lower side, and a minimum fee of $3.86.  

## FTT price prediction 2026–2030 

Should capital growth in the cryptocurrency market persist, FTT could close 2026 at around $5.78, averaging $5.42 and lows of $5.06. As the result of anticipated growth during the next five years, we could experience another significant bull market towards 2029 and see FTT achieving a maximum price of $9.40, lows of $8.68, and an average price of $9.04. For 2030, the token could rally toward $10.60 and bottom out at $9.88. 

## Is FTT a good investment? 

The [bank run on the FTX exchange](/news/article/ftx-bankrupt-who-to-blame) and its enormous debts has placed a blot on what was designed to be a good crypto investment tool. This means that investing in FTT is greatly speculative, at least for now. 

The short-term FTT price predictions could be more optimistic. Most experts believe investors will get a low ROI until FTX deals with the reputational damage caused by the bank run. 

FTT Price: Hope for Recovery?

The Shiba Inu token Shib, the meme-inspired crypto that started as a joke, has been making news in the crypto market lately. 

The cryptocurrency has made a highly anticipated addition to its ecosystem, Shibarium L2 scaling solution. The development has been the buzz of the crypto market, and the Shib Army is optimistic about big price action on the back of the Shib news. 

Shiba Inu is the second most popular meme coin known for having an active community. Therefore, all Shib news tends to create hype for the token.  

So, is the Shibarium release gainful for the token? 

## Shib news about the release of Shibarium  

The Shiba Inu team long ago promised its community an Ethereum layer 2 scaling solution, Shibarium. It was supposed to launch in 2022, but was delayed several times. However, a pseudonymous developer, Shytoshi Kusama, has now disclosed the release of a beta testnet for Shibarium.  

In a [Shib news blog post](https://blog.shibaswap.com/shibarium-early-beta-test-is-live/), Kusama announced that the beta testers can now access the testnet. In addition, the developer mentioned that the layer 2 solutions will be using Puppynet tokens. These tokens are not real assets and are only introduced for an early beta test. Only the [Shib testnet](https://www.shibrpc.com/?ref=shiba-inu-ecosystem) is currently available, while the mainnet is still being developed.  

## Shib’s position in the market 

After Dogecoin, Shiba Inu is the most impactful [meme coin](/news/article/memecoins-whats-popular) in the crypto market. The project takes pride in its highly active and enthusiastic community known as Shib Army. Due to this, the token's value depends heavily on the market sentiment. 

The coin launched in 2020 and has seen high volatility. However, the token marked its all-time high value in the bull cycle of 2021. According to [CoinMarketCap](https://coinmarketcap.com/currencies/shiba-inu/), the token touched $0.00008845 on 28 October, 2021, and is currently down by more than 88%. The current price of Shib is around $0.00001034. 

The token has a market cap of around $6 billion. Although it is half the market capitalisation of Dogecoin, it is ranked 15th among all cryptocurrencies. This shows the [potential of Shiba Inu](/news/article/could-shiba-inu-price-reach-10-by-2024) as an asset.  

## The impact of Shib news on Shiba Inu price 

The [release of Shibarium](/news/article/shibarium-release-date-update) was first confirmed by Shytoshi Kusama in October 2022. In addition, the Shib ecosystem also mentioned the introduction of several other projects with the L2 solution. These included the addition of [SHIB: The Metaverse](https://www.shib.io/) in the ecosystem. The news exploded and created hype around the value of the Shib token.   

Just before the launch of the L2 blockchain, Shib’s price surged by more than 7% in March's first week. Curiously, it was when most cryptocurrencies showed a downward trend. In the first three months of 2023, Shib’s price increased by more than 20%.  

The Shib news announcing several projects in the ecosystem played a significant role in this price surge. It developed a positive sentiment among the investors for the token.  

The prime reason behind it was that investors became optimistic that the launch of an Ethereum L2 solution would likely increase the usage of the tokens. Secondly, the development team planned to accelerate the [Shiba Inu coin burn](/news/article/shiba-inu-coin-burn) procedure. It indicates that the price of the coin may get an upsurge. 

Moreover, investors expected that the development of Metaverse would help the ecosystem to expand. A Metaverse could open the gateway for Web3 games, NFT projects, and other decentralised applications on the platform. With more projects entering the forum, the coin’s value as an asset may increase.  

Although its price saw some positive action after the Shib news of the L2 launch, March has been quite volatile for the token. In February, the coin was floating around $0.000015, but in mid-March, its price dropped to $0.000010. However, it could affect overall macroeconomic conditions in the market.  

## What is the Shibarium L2 scaling solution? 

Shiba Inu developers have created a layer 2 scaling solution for Ethereum. It enables Shiba Inu customers to deal instantly with Ethereum. It leverages Ethereum’s security and offers scalability and efficiency to it. The layer lies on L1, using different methods like roll-ups or side chains to minimise transaction times.  

Shibarium is designed to offer lower transaction times and minimal cost. It also allows developers to use the platform and design Ethereum DApps. You can develop various other DApps using the Shibarium resources.  

## Other developments in the Shiba Inu ecosystem 

Developers are also looking to launch Shib: The Metaverse. The involvement of a project like a Metaverse means more brands from different sectors will join the platform. Various brands from the Web3 niche may opt for it to develop their offerings. 

A Metaverse may lead to numerous projects in the Shiba Inu ecosystem. It may include play-to-earn games, digital collectables, [crypto-staking](/news/article/what-is-staking-crypto) platforms, DAO-based communities, and other DeFi projects.  

Furthermore, you can purchase your virtual land on the Metaverse as an investment. Your virtual real estate can make good returns as the platform gains popularity and expands.  

## Bottom line 

Shiba Inu is among the most popular cryptocurrencies. It has the backing of an active community that completely believes in its potential. As a result, the latest Shib news related to the launch of the Shibarium layer 2 blockchains has been received warmly by the community. It even triggered an upsurge in the price of Shib. 

However, the macroeconomic factors and overall market trend have, so far, kept the coin from capitalising on positive price action. At the time of this writing, the meme coin is still trading at $0.000010. Nonetheless, the developments in the Shiba Inu ecosystem are commendable. These developments can be pivotal for the token’s success in the long run.  

shiba inu dog smiling with green backdrop

Shib News: Shibarium Release and Soaring SHIB

## What is the 2023 outlook for the BTCST price? 

Recent events in the US banking sector and their implications on the Fed's monetary policy could be the spark that the BTCST price needs to recover. This article sheds light on what has happened with the BTCST price so that you can find answers to these questions yourself. 

## BTCST price history at a glance 

Currently priced at $0.65, the BTCST token is attracting decent daily trading volume. For a token that was once priced at 90 USDT and had even hit a high of 92.53 USDT, the token's price may come as a wonder to many HODLers. How did this token fall so steeply within a two-year time frame? 

As with all the crypto tokens that have some exposure to Bitcoin, the Bitcoin Standard Hashrate Token took a massive hit when the crypto winter was triggered by the Omicron variant of COVID-19 in November 2021. But before then, there had been warning signs. After the token's listing on some exchanges in April 2021, it surged massively, rising 300% from its mid-May 2021 price to a peak of 92.53 USDT. 

What followed was a massive sell-off later that month, shaving 80% off the all-time high price. However, a technical double-bottom pattern on the weekly chart heralded its best recovery run to date, sending the BTCST price from a low of 15.55 USDT to a high of 90.99 USDT in the first week of October 2021. But following the retracement from that move, the Bitcoin Standard Hashrate Token has dropped like a rock into the ocean, taking any long positions on the BTCST/USDT pair underwater, where it has remained ever since. At $0.66, the token is trading at its lowest points ever, sinking even below the April 2021 listing lows. 

## Is there a silver lining for BTCST? 

The Omicron effect has since waned. That variant did not cause severe disease among the population. What pushed the crypto market down in 2022 was the cycle of monetary policy tightening by central banks, particularly the US Federal Reserve. The stablecoin Tether (USDT) shares parity with the US dollar, so it has primarily benefited from the Fed's rate hikes to the detriment of risky assets paired with it, such as Bitcoin and BTCST. 

Inflation data for January 2023 pointed to further escalation when it was released on 14 February 2023. The data showed that the annualized consumer price index in the US beat estimates of 6.2%, rising to 6.4%. The headline number showed a print of 0.5%, beating December's figures which showed a contraction of 0.1%. Core CPI rose from 0.3% in December to 0.4% in January. 

This data, combined with the hawkish testimony of Fed Chief Jerome Powell before the US Senate Banking Committee and the House Committee on Financial Services on 7/8 March, raised the odds of the Fed moving from its previous 25 basis points [rate hike](/news/article/us-fed-crypto-rates-hike) to a 50 bps rate hike come 22 March. A further rate hike of this magnitude is expected to lead to further depression of crypto prices and gains for USD-denominated assets. This was the market view until 9/10 March, when everything changed. 

The markets woke up to the collapse of Silicon Valley Bank (SVB) after a combination of liquidity issues, a fall in bond prices (to which the bank was heavily exposed), and panic-laden tweets fuelled a run on SVB that [led to the withdrawal of $42 billion](https://edition.cnn.com/2023/03/14/tech/viral-bank-run/index.html#:~:text=Customers%20withdrew%20%2442%20billion%20in,said%20in%20a%20regulatory%20filing.) in a single day. A second bank, Signature Bank, was also in trouble. The contagion has spread, leading to a collapse in banking stocks in the US, Europe, and Asia. The US dollar is broadly weak, and suddenly, the bets for a rate hike by the Fed are off. 

If the Fed fails to raise interest rates, it will be the first time in nearly 10 months that this will happen. It could dwindle interest in USD-denominated assets and lead to renewed market interest in risky assets such as cryptos. The signs are already there. USD coin (USDC), a popular USD-backed stablecoin, briefly lost its peg with the greenback and traded at 88 cents. The peg has not fully recovered on several exchanges. 

## BTCST price potential 

For a coin that had traded as high as $90, a $0.65 price is an attractive proposition. There is long-term potential for the BTCST token. The Bitcoin Standard Hashrate Token shares a mild correlation with Bitcoin. Bitcoin prices tested the 25K resistance earlier in the year but failed to break it. The recent banking crisis caused the BTC/USD pair to push this boundary northward, testing the 26,000 price level before it beat a retreat. At current price levels, another retest of 25K is close. 

A more sustained push above 25K raises the chances of recovery of the crypto market and altcoins that are correlated with Bitcoin in particular. This scenario could prompt an uptick in the BTCST price, bringing smiles to the faces of long-suffering HODLers. Several factors need to come together to make this work. 

Volumes on the buy side are still low. But if buying volume rises and Bitcoin gets an uplift above 26K, the token may be on its way to recovery. 

btcst logo on green background image of cryptocurrency market price

BTCST Price Outlook for 2023

Crypto Coin News

Crypto coins or tokens are representations of values stored on the blockchain. Cryptocurrencies, literally cryptographic currencies, are simply the digital, blockchain-based equivalent of our normal or 'fiat' currencies. The most famous (and first) crypto coin is Bitcoin. 

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