This may be news to Berkshire Hathaway (BRK)- the philosophies of Bitcoin and BRK are more similar than you think.

The Berkshire Hathaway (BRK) and Warren Buffett's trusted advisor and BRK vice chairman Charlie Munger frequently draw on Carl Gustav Jacob Jacobi's mental model to shed light on complicated issues. Bitcoin's success is largely due to philosophical and structural similarities with Berkshire Hathaway, which is the genuine public market parallel of bitcoin.

BRK's wholly-owned portfolio of firms, rather than Buffett's stock-picking in the public markets, is what makes it so fascinating. Many different industries are represented by BRK's 63 subsidiaries, which vary from insurance to energy to railroads to furniture and jewelry retailers to mobile home builders to private jet leasing companies and more.

However, despite the fact that Buffett did not intend to build a decentralized company, BTC's bold implementation of decentralization has provided the world with a transparent and self-policing global financial network.

Lawrence A. Cunningham's book "Margin Of Trust: The BRK Business Model" delves into Berkshire's Hathaway news and its relationship with the concept of trust. To avoid hostile takeovers, BRK does not use investment banks or financial intermediaries to purchase firms.

## Bitcoin and Berkshire Hathaway follow a philosophy that is similar

In the same way that Berkshire Hathaway and Bitcoin rely on the virtues of honesty and transparency to earn money, so does Berkshire Hathaway. The Global Financial Crisis spawned both BRK and Bitcoin.

[Berkshire Hathaway and Bitcoin's success](https://bitcoinmagazine.com/business/bitcoin-and-berkshire-hathaway-share-philosophy) can be attributed to a similar "management theory" known as "incentives". "Programmatic Proof of Work" incentives are used by BRK for both mining bitcoin and securing the network.

When he witnessed unaffiliated financial firms generating derivatives of Berkshire A shares to offer to small investors, Buffett created B shares of Berkshire stock. The stock market serves as a gauge of long-term value and alignment for him.

People all over the world have been moved to action by the BRK culture of evangelists, authors, podcasters, presenters, and HODLers. Buffett has been able to shape the company in the way he sees fit, rather than relying on the opinions of others. Bitcoin, according to Buffett, has no intrinsic value.

In contrast to Ric Edelman, who believes that traditional asset valuation methodologies should not be applied to digital assets, BRK and the way Warren Buffett has developed it has crucial lessons for bitcoin, including the idea of rethinking your ownership of equities as percentage ownership of real businesses, rather than just numbers on a screen.

As a way of inspiring confidence and grit in his shareholders, Warren Buffett writes letters to them in which he warns them against the use of leverage to boost returns.
Use leverage if Warren Buffett is looking back at you in the mirror. Guerin was an excellent capital allocator, but he was under pressure to generate money, so he sold his Berkshire shares to Buffett.

The most successful investors all agree that the key to investing success is choosing the correct investment vehicle and holding it for as long as possible so that gains can compound. Don't get too caught up in the price and behave with extreme caution when it comes to financing or leveraging your holding.

Using Invert BRK's astounding analogies to bitcoin, we can see the way to a similar valuation and how to survive the voyage to get there. For more developments on the crypto news go to [Latest Moni](/news)).



News to Berkshire Hathaway-BTC's Ideology's Similar

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

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

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

## What are Altcoins?

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

## Top Altcoins in 2022

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

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

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

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

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

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

## Conclusion

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

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

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


Altcoins to Watch: The Top 5

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

## How can I get started with new altcoins?

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

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

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

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

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

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

## What are the most promising altcoins right now?

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

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

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

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

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

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

## Conclusion

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

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


How to Get Started With New Altcoins

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

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

## What are Altcoins - The Details

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

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

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

Some popular altcoins:

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

## Types of Altcoins

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

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

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

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

## Stablecoins 

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

## Memecoins

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

## Utility Tokens

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

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

## Are Altcoins Legit?

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

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

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

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

## Are Altcoins Long-Term Investments?

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

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

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

## Avoiding Shitcoins

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

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

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

## Which Altcoin Will Be the Next Bitcoin?

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

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

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

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

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

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

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

## Conclusion

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

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

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


What is an Altcoin? A Good Investment or Risky? 

Altcoins on the Rise to be showing signs of recovery, with Bitcoin up again by 7%. Its weekly gains have been around 13%. If the trend persists, it might make the highest gains in the last nine months, i.e., since October 2021.

This will be welcome news for cryptocurrency investors who have been waiting for the green shoots of recovery in the markets.

As of 8 July 2022, the price of Bitcoin is close to $22K ($21,780.04) as per [CoinMarketCap](https://coinmarketcap.com/currencies/bitcoin/). Moreover, the global cryptocurrency market cap today is around $960.69 billion. There has been an overall 5% surge in the global market cap.

In addition, the recent reassurance by the US Federal Reserve regarding recession has positively impacted both traditional and crypto markets. Consumer confidence has increased, and BTC's fear and greed index has increased to about 20 points.

## Altcoins on the Rise

Altcoins are also making significant gains as the overall crypto market is turning green. Ether, the second-largest cryptocurrency by market cap, has seen a 5% surge. However, the main reason behind its rise is the successful [Ethereum Sepolia Testnet merger](/news/article/ethereum-testnet-success).

Moreover, Litecoin (LTC) is also seeing a positive rally as its price has surged to $51.90 with an over 3% increase. The Binance Coin has been up by 7% in the last week and is trading at around $237. Meanwhile, Dogecoin and Shiba Inu also made notable gains. 

## Bitcoin Up Again

With Bitcoin  increasing in value again, we must ask, is it the end of the macro downward trend? That's what investors are hoping for.

Nevertheless, crypto analysts suggest that a small surge and the downward trend will likely continue. [@Roman_Trading](https://twitter.com/Roman_Trading/status/1545064421122269184/photo/1) explains that the hike follows similar patterns of the past eight months.

![wasay.webp](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/wasay_c446773d29.webp)
 
Another analyst, @gilbertocrypto1, observes that this Bitcoin surge could be bullish if the price crosses the $23K mark. However, as of now, the overall trend is still downward.



Crypto Market Turns Green: Bitcoin Up, Altcoins Making Significant Gains Too

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

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

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

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

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

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

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

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





Elon Musk’s Vegas Loop starts accepting  DOGE payments

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

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

## Gala Blockchain gaming platform's short history 

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

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

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

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

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

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

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

## What is Gala crypto used for?

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

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

## Gala crypto current price and future predictions

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

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


GALA Crypto Explained 

Argentina's tax department has confiscated over 1,000 bitcoin wallets related to the country's delinquent taxpayers. Without KYC, 52 per cent of Argentinians are unbanked. Crypto exchanges verified the identification of clients without KYC and retained user account records and detailed financial information.

The decision comes as [Argentinians continue to embrace stablecoins](https://cointelegraph.com/news/usd-stablecoin-premiums-surge-in-argentina-following-economy-minister-s-resignation) to battle rising inflation, a depreciating peso, and general economic gloom. 

According to three leading crypto exchanges, people are trying to hedge against a future Argentine peso (ARS) depreciation, whose purchasing value has tumbled in the last year as inflation has skyrocketed. 

Argentine crypto exchange Buenbit's trading volume increased by 300 per cent on Sunday compared to the same day in prior weeks, with "many people" using their DAI as collateral to secure loans in Argentine pesos and purchase additional DAI.  

Following Guzman's departure, the peso fell almost 15% against the stablecoins DAI and tether on the platforms of many large crypto exchanges. Both stablecoins increased from ARS 245 to ARS 280 during the weekend.

Due to the 24/7 nature of crypto, the CEO of the Argentina-based crypto exchange Ripio noted that anytime there is one of these news stories in Argentina, it is the first market where Argentina begins to hunt for a price for the US dollar. Since many Argentinians are unbanked and without KYC, consequently raising the volume. 

Also, due to a significant lack of price references for the US dollar over the weekend, most Argentine crypto exchanges widened the disparity between the bid and ask rates to 18%, which is typically about 2%. 

According to the founder of the crypto education portal DefyEducation, crypto exchanges have established a large spread so that consumers do not trade and may hedge against tomorrow's opening price.

Prices rose, and spread's widened due to demand and the lack of a reference replacement price, according to the head of trading and strategy at Argentina-based crypto exchange Lemon Cash.

For the latest crypto coin news, visit [Moni Talks](https://monitalks.io/news/category/crypto-coin-news).




Argentina’s stablecoin demand soars as minister resigns

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

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

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

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

## What’s Mithril protocol?

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

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

## Main features of Mithril protocol design

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

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


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

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

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

•	It has a traceable and scalable procedure.


## Cardano staking for multi-signature transactions

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

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

## Use cases of Mithril Protocol

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

### 1) Full node applications like Daedalus

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

### 2) Mobile applications

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

### 3) Lightweight blockchains

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

### 4) Voting applications based on staking

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

## Final Thoughts

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

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


Crypto News: Cardano (ADA) pushes toward Mithril update

Cardano has announced the opening of a 4-week window for developers of decentralized applications (dApps) and software engineers at cryptocurrency exchanges to test the protocol’s upcoming upgrade before it is launched onto the main network. 

Input Output Hong Kong (IOHK), the developers behind this upgrade ,have pointed out that this is the most significant upgrade undertaken on the Ouroboros protocol to date. 

## What the Vasil hardfork entails

The latest update will bring capability upgrades and significant performance to the chain. Aside from that, it will improve script performance for developers, and lower costs by providing higher throughput. The [Vasil hardfork](https://cointelegraph.com/news/cardano-s-vasil-hard-fork-proposal-submitted-countdown-commences) is trending because of the lesser impact the Alonzo update had on stakeholders of the project which was evident in the 11 decentralized applications on the blockchain, according to DeFiLlama. 

As one of the few chains that have found an answer to the blockchain trilemma (decentralization, security, and scalability), the update will come with the implementation of diffusion pipelining. This would improve the scalability of the blockchain for the creation of dApps. Last year, Cardano founder Charles Hoskinson pointed out that the protocol will  host thousands of applications by the end of 2021. Unfortunately, this has not been the case as projects such as Avalanche (AVAX) and Solana (SOL) have attracted substantial market share due to Hoskinson’s project not reaching full functionality, as per the roadmap given to its followers. 

Through this update, block creation will be relatively faster since they would not need full validation before transmission. This will pave the way for developers to finally build their dApps on one of the most vibrant ecosystems in the space. 
Based on analytics from Santiment (a data tracking tool), the protocol leads the entire space concerning development activity in June. 

Projects such as Kusama and Polkadot trail the Cardano, which has also been dubbed as the potential Ethereum Killer. Despite naysayers such as [Bill Gates](https://www.monitalks.io/news/article/bill-gates-crypto) and Warren Buffet’s opposition to Bitcoin, many analysts believe the Cardano crash will not last long. Digital Coin Price forecasts ADA to reach an average price of $0.58, a minimum price of $0.54, and a maximum price of $0.62 by the end of 2022. 


 Cardano Vasil hardfork countdown begins

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

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

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

## Litecoin price today

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

## The cost of 0.1 Litecoin to USD

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

## 0.1 Litecoin exchange rates for other cryptocurrencies

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

## The cost of 0.1 LTC to BTC

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

## The cost of 0.1 Litecoin to PKR

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

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


What is the cost of 0.1 Litecoin in USD?

According to Gary Gensler, the United States Securities and Exchange Commission (SEC) chairman, Bitcoin is a commodity. In a recent interview with CNBC, he elaborated on the SEC's plans to collaborate with the Commodity Futures Trading Commission (CFTC) and banking regulators in order to oversee the crypto sector.

In an [interview](https://www.cnbc.com/video/2022/06/27/sec-chair-gary-gensler-discusses-potential-crypto-regulation-and-stablecoins.html?&qsearchterm=gary%20gensler) with Mad Money presenter Jim Cramer on CNBC on Monday, SEC Chairman Gary Gensler reiterated his views on cryptocurrencies, namely Bitcoin (BTC).

The SEC head, stated that while several crypto-financial assets like Ethereum (ETH), [Dogecoin](https://www.monitalks.io/news/article/elon-musk-dogecoin), etc. contain the essential characteristics of securities, Bitcoin is the "only one" he feels confident officially classifying as a commodity:

"Some, like Bitcoin — and that's the only one I'm going to say because I'm not going to talk about any one of these tokens, but my predecessors and others have said Bitcoin is a commodity."

## Crypto community reaction to SEC chair interview

The crypto community raised questions about the statement's influence on Grayscales' proposed Bitcoin exchange-traded fund (ETF), and the omission ETH as a commodity was questioned.

The comments sparked discussion over Grayscale's proposal to turn its Bitcoin Trust into a spot-based ETF, which is anticipated to get a yes-or-no answer from the SEC on July 6.

Even though the regulator and the Commodity Futures Trading Commission (CTFC) earlier concurred that Ethereum (ETH) was a commodity exactly like BTC, Gensler chose not to specify whether he placed ETH in the same commodities boat. This was picked up on Twitter.

The prices of digital assets like Bitcoin and Ethereum have plummeted sharply in recent weeks, though they have lately shown signs of stabilization.

Bitcoin has decreased by around 60% over the last six months, but it has increased by roughly 1% in the past week.





SEC crypto chronicles- Gary Gensler affirms BTC as commodity

The volume of internet searches for 'bitcoin scam instagram' has rocketed following incidents of accounts on the Meta platform being hacked.
[The Identity Theft Resource Centre (ITRC)](https://www.idtheftcenter.org/) reported a significant increase in victims of Instagram account takeovers linked to Bitcoin scams since October 2021.

According to ITRC findings, fraudsters construct Instagram posts regarding Bitcoin investments to entice other users. When a user clicks on the link, their money is gone, and their Instagram credentials are compromised.
The victim's Instagram account is then locked, and the account is utilised to post further links to phoney [Bitcoin](/coins/btc) investments.
This is what has sparked the rise in searches for 'bitcoin scam instagram' on Google.

You should never disclose your Instagram account passwords to anybody else. Use a strong password and two-factor authentication to secure your account. If an Instagram post appears too good to be true, it most often is.

Bitcoin Instagram scams and hacked Bitcoin Instagram accounts have been around for a long time. However, the ITRC is witnessing a considerable increase in victim queries concerning hijacked Instagram accounts. The Centre says it is now receiving four times as many reports each month than it has previously.

This heightened awareness is mirrored in the increased online interest in 'bitcoin scam instagram' searches.
According to the ITRC, fraudsters impersonate people their victims know to get personal information. Some victims are discovering that their Instagram accounts have been locked and that fraudsters are posting things in the hopes of defrauding others.

Some victims have complained that even if they did not submit their information to a scammer, they still had a hacked account or account takeover. While it appears that users are being targeted in numerous ways to get login information, their account information may also have been accessed using information from breaches, including Facebook login information, especially if the username and password were never updated.

The ITRC has also seen victims have their accounts faked using their public photos. Cybercriminals then track the victims and send them communications containing a scam or harmful link.

There are steps you can take to protect yourself:

•	Never give out your password or any other sensitive information to anybody
•	Make sure your password is difficult to guess
•	 On your account, enable two-factor authentication (2FA). Go to "Settings," "Security," and then "Two-Factor Authentication" to enable 2FA on Instagram. Tap "Get Started," then either "Authentication App" or "Text Message." Because SMS messages can be faked, the ITRC suggests using an authentication app
•	Check that the email address linked with the account is safe. It is also a good idea to use 2FA to safeguard your email
•	Third-party apps should not be downloaded through a social networking platform. Download software only from Apple, Google, and Microsoft's official app stores

You can contact the ITRC to learn more about stolen Instagram accounts and what you can do to secure the information that a fraudster may have access to.

Bitcoin Scam Instagram: Why this Phrase Matters

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

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

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

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

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

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

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

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

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

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

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



Liquidus Crypto Price: The Next 10 Years

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

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

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

## What is Verasity (VRA)?

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

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

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

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

## VRA Predictions

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

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

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

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

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

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

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


VRA Crypto: Understanding Verasity

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

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

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

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

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

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

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

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

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

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

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


Dash or Litecoin? Crypto Comparison

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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


How to Buy Altcoins

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

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

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

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

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

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

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

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

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

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

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

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

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


Axie Infinity Coin: Origin a Gamechanger?

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. 

Latest Moni

Crypto Coin News | Page 17