[Polygon](/coins/matic) Crypto continues to play an integral role in the stimulation of mass adoption of digital assets by using its innovative technology to resolve scalability problems on many blockchains.

Polygon Crypto, as a layer-2 scaling solution protocol, was designed to simplify the usage of decentralised applications (dAPPs) on Ethereum and other applications from financial technology (FinTech) corporations.

As an alternative platform, Polygon Crypto facilitates 100% free, secure, and instant transactions. By solving the blockchain trilemma (scalability, security, and decentralisation), it is no surprise to see thousands of developers attracted to Polygon as the protocol meets all the essential components of the Web3 revolution.

Web3 has the primary aim of envisioning an internet that lessens the authority of big technology companies like Google and Facebook. Those companies that require us to hand them our personal information before we can use their respective products.

Web3 would be powered by artificial intelligence and blockchain technology. Cryptocurrency transactions are published on a public ledger that anyone with an internet connection can access. Web3 aims to lead the web on the same path so that activities online will be highly decentralised.

Since Ethereum has the first-mover advantage in creating smart contracts, Polygon crypto's innovation will help bring millions of users (developers, traders, stakers, decentralised finance fans, NFT lovers, and blockchain enthusiasts) to the world of Ethereum.

Aside from having the most total value locked (TVL) in the decentralized finance (DeFi) space, Ethereum remains the blockchain with the highest NFT sales in 2022. The four highest-selling NFT projects of all time - Axie Infinity (AXS), CryptoPunks, Bored Ape Yacht Club (BAYC), and Mutant Ape Yacht Club (MAYC) - are all housed in the ecosystem of Ethereum.

## How Would Polygon Crypto Bring the World to Ethereum? 

On December 17, 2021, there were some 3,734 blockchain apps, according to the State of the DApps. This number has increased substantially since new projects are added daily to the crypto finance space.

Per the data retrieved from DappRadar, as of May 2, 2022, there were more than 3,000 dApps on Ethereum. A substantial number of these dApps have been deployed on Polygon.

Since interoperability was once a problem among blockchains and their related applications, Polygon turns Ethereum into a blockchain internet as well as a multi-chain system that connects one decentralised application with the other.
Some of the dApps originally built on Ethereum that have migrated to Polygon include Ox Protocol, SushiSwap, 

KyberSwap, deBridge, Connext, 1inch Network, Wormhole, CelerNetwork, Beefy Finance, DODO, Bungee, Aave, TransitSwap, Synapse, Curve, Uniswap, and Balancer, among others.

The sole reason for the migration from Ethereum to Polygon is to improve scalability, which leads to low transaction fees. Polygon does this without compromising security since it is one of the attributes that makes blockchain technology highly efficient.

## How does Polygon Improve Decentralised Applications on Ethereum?

Through[ Polygon](https://www.polygon.com/) crypto’s complete suite of Ethereum-scaling solutions in the form of Polygon Proof-of-Stake (PoS), Polygon Hermez, Polygon Avail, Polygon Edge, Polygon Nightfall, Polygon Miden, and Polygon Zero, the performance of Ethereum dApps are highly improved.

Polygon PoS is an Ethereum Virtual Machine (EVM) – a compatible Ethereum sidechain secured by a set of PoS validators in a permissionless manner.

Polygon Hermez is an open-source zero-knowledge (ZK) rollup that is highly optimized for low-cost, usable, and secure token transfers on Ethereum. To put it simply, zero-knowledge-rollups combine a substantial number of layer2 transactions executed off-chain and submit them as a single transaction onto the blockchain of Ethereum.

Polygon Avail can be highly beneficial to Ethereum developers searching for off-chain scaling solutions.

Polygon Edge has an extensive and modular framework that plays an invaluable role in building public and private blockchain networks that are compatible with Ethereum.
Polygon Nightfall is similar to Polygon Hermez as it also employs zero-knowledge cryptography (zk-rollup) in addition to optimistic rollups. With this combination, the Nightfall provides a unique scaling solution.

Polygon Miden provides support for arbitrary smart contracts through its STARK-based zk-rollup.

Lastly, Polygon Zero employs an Ethereum-compatible zero-knowledge rollup that is highly scalable.

As an Ethereum-friendly solution, Polygon will bring more people to Ethereum because developers do not need to have protocol-level knowledge.

Therefore anyone who has an idea of how to improve the current financial systems which will make the underbanked and unbanked financially inclusive can develop an application.
What’s more, there are no permission, fees, or token deposit requirements. Anyone is welcome to build highly scalable applications using the Polygon suite of scaling solutions.
Polygon crypto, like several projects in the stratosphere, was launched with a governance token which can also be used as a utility coin.

This is the native asset of the Polygon network that oversees all transactions in the ecosystem. Called MATIC, it plays an invaluable role in helping holders contribute to decisions and adds value to the Polygon crypto market.

With Polygon crypto's impact on Ethereum and Web3, will MATIC rise to new milestones in the future?

## Is Polygon Crypto (MATIC) a Good Investment?

Should you consider adding digital asset MATIC to your portfolio of investments? Its issuing authority, Polygon, helps more than 19,000 applications scale their performance. This is in line with Polygon’s commitment to fostering the growth of Web3 applications through the provision of the needed infrastructure.

You should also note that lower gas fees (transaction fees on Ethereum) and faster transactions are the reasons hundreds of Web3 projects initially housed on the Ethereum network are migrating to Polygon.

Aside from the dApps earlier mentioned, NFT marketplace OpenSea and Dolce and Gabbana use the possibilities of Polygon to improve their networks.
Some reasons why you should consider buying Polygon crypto…

### Polygon (MATIC) is Highly Undervalued

One of the questions we continue to see on search engines is 'can MATIC reach $100?'. MATIC could exchange hands for $100 in the future if traders and investors understand Polygon crypto's purpose and impact on the market.

MATIC became a tradable token in April 2019.  On April 28, 2019, MATIC opened with a trading price of $0.004521. The native asset of the Polygon ecosystem traded for a coin at $0.01381 on the last day of 2019.

At the peak of the coronavirus pandemic, there was a plunge in the prices of cryptocurrencies. As a result, MATIC was impacted negatively; it closed the first quarter of 2020 on March 31 with a trading price of $0.01078.

After institutional investors started taking a stake in digital assets in the crypto finance market, the price of polygon MATIC crypto made gains. The coin closed at $0.02036 on June 30 and ended the year with a price of $0.01763.

Billed as the best year for cryptocurrencies, 2021 saw MATIC reach one milestone after the other. Polygon cryptocurrency opened the year at $0.1763 and increased by 1,941% to close out the first quarter of 2021 at $0.3599.

After Elon Musk announced support for bitcoin (BTC) as a payment method for Tesla products in April 2021, there was a spike in the price of digital assets. MATIC was impacted positively and this led to a new all-time high price of $2.68 in May. In the month's second week, bearishness took over the market, leading to a decline in the new high to $1.17 to close out June 30.

After the markets recovered in November, MATIC saw huge investor interest which took its price close to $3.

As of May 2022, MATIC continued to trade below its all-time high price of $2.92 recorded in December 2021. At time of writing, MATIC was trading far below $3 and had more than $8 billion as market capitalisation.

This categorizes Polygon crypto as a medium-cap digital asset. A project such as Polygon should command a relatively higher price.

More than 78% of MATIC are in circulation, with only 22% left untapped. In the future, should scarcity take hold of MATIC, there could be a substantial rise in the price of the cryptocurrency.

MATIC appears highly undervalued, putting it on the radar of investors who want to transform their portfolios.

## Polygon Crypto has a High Security Score from CERTIK 

Assessing the security of the project is essential before you decide to invest in MATIC polygon crypto.

As the leading security-focused ranking platform that monitors and analyses decentralised finance projects and blockchain protocols, CERTIK is the most trusted security firm for crypto auditing.

After thoroughly analysing the Polygon crypto, CERTIK gave the project a high security score.

Polygon crypto had a score of 85 for static analysis (vulnerability and security checks).

The project had a score of 88 for on-chain monitoring, 91 for social sentiment, 92 for governance and autonomy, and 82 for safety assessment.
Overall, CERTIK gave Polygon crypto a security score of 98 based on market volatility.

Cryptocurrencies are highly volatile. Being positively associated with indicators such as depth, liquidity, and volume bodes well for the entire Polygon ecosystem.
This makes Polygon (MATIC) a sound like a safe investment.

## Polygon Crypto is Highly Accessible 

You do not want a situation where you are interested in a cryptocurrency that is not easily found online. As of May 2022, there are around 86 cryptocurrency exchanges (centralised and decentralised) that support MATIC trading.

Some of the exchanges include Binance, OKX, Coinbase Pro, DigiFinex, Huobi Global, FTX, eToro, Uniswap V3, and Crypto.com.

These are the biggest exchanges in terms of the daily trading volume. Investing in MATIC means that you are part of millions of people who believe in the potential of Polygon cryptocurrency in the short, medium, and long term.

Since MATIC is highly accessible, it explains the billions of dollars in volume poured into the token daily. 

## MATIC Has Positive Reserve Risk 

Reserve risk analysis ends with two essential factors; is it an attractive or unattractive investment.

A digital asset can be an attractive investment if investor confidence remains high despite the low trading price of that particular asset.
On the other hand, if investor confidence remains low while the price of a particular asset remains high, such an asset becomes an unattractive investment.
We can infer from the two factors that MATIC is an attractive investment.

Since January 1, 2022, the lowest trading volume recorded for Polygon cryptocurrency was $300 million. The rest of the days have seen more than $800 million.
This means that holders of MATIC believe the coin could have a higher trading price than what it is currently trading for.

They have an eye on the long term and can be said to be HODLing MATIC for future gains. 

## Should You Buy Polygon Crypto MATIC?

You should be aware of the risk factors involved in buying Polygon crypto as well as the potential rewards.

MATIC continues to remain inconsistent with its price performance. So far, MATIC has been impacted positively by the migration of Ethereum dApps to its scaling platform.

Most of the applications originally built on Polygon do not have the mileage of the dApps on Ethereum and other blockchain networks. As a result, they do little to impact Matic's price.

With that said, you can buy a substantial number of MATIC with a smaller capital.

Polygon continues to form partnerships outside Ethereum. Institutional investors such as Grayscale created a Trust for MATIC which has increased the popularity and credibility of the project.

MATIC has brought gains to several investors. Who knows, MATIC could be the cryptocurrency you have been searching for all these years.



Polygon Crypto Bringing the World to Web3

Today we're going to look at Moonshot Crypto, a new cryptocurrency that has recently appeared on the scene. Is it just another copy of [SafeMoon](https://safemoon.com/), or is there something special about this coin? Let's find out!

## SafeMoon and Its Features

SafeMoon is a cutting-edge cryptocurrency that aims to revolutionize the world of digital transactions. Designed by experts in cryptography and blockchain technology, SafeMoon offers numerous powerful features that set it apart from its competitors.

For one, Moonshots are a key element of the SafeMoon platform. These decentralised missions allow users to earn rewards by supporting cryptocurrency projects and contributing to network security.

Additionally, SafeMoon utilises advanced encryption techniques such as ring signatures, stealth addresses, and zero-knowledge proofs to ensure maximum security and privacy for all transactions.

SafeMoon is entirely free to use, with no transaction fees or limits on transactions or withdrawal amounts. Whether you're looking for a secure cryptocurrency solution or want to get involved in the exciting world of cryptocurrency mining, SafeMoon is certainly a good choice.

## Moonshot Crypto and Its Features

Moonshot Crypto is a new cryptocurrency that sets itself apart with its innovative and groundbreaking features.
Unlike most other cryptocurrencies, Moonshot is not mined or generated through complex algorithms that require complex computing power.

Instead, it is created by experts who dedicate their time and resources to developing the cryptocurrency and ensuring it stays ahead in an ever-changing cryptocurrency landscape.

At the core of Moonshot lies its advanced security protocols and encryption technologies. All transactions are protected by state-of-the-art cryptography, ensuring that user information stays safe.

Additionally, Moonshot is powered by an innovative blockchain platform that allows for lightning-fast processing speeds. This ensures that transactions get confirmed quickly without sacrificing safety or security.

Moreover, Moonshot offers many unique benefits to users, including access to global payment networks and low transaction fees. With so many advanced features packed into one cryptocurrency, it's no wonder why Moonshot has quickly become a leading crypto player!

## The Potential Implications of a Fork

Today, the cryptocurrency market is rife with forks. A cryptocurrency fork occurs when the underlying code of a cryptocurrency is changed, resulting in two different versions of the coin.

A disagreement among developers or a desire to update the coin's code are among the many reasons this can happen. While some forks are relatively harmless, others can have major implications for investors.

The recent fork of SafeMoon is a good example of this. SafeMoon is a popular cryptocurrency that experienced a significant price surge in early 2021.

However, the team behind SafeMoon has been accused of manipulation and poor governance, leading to a fork in the coin's code. The new version of SafeMoon, Moonshot, is designed to address these criticisms and bring about much-needed reforms.

While we wait to see how successful Moonshot will be, the fork highlights the potential risks and rewards of investing in cryptocurrency.

For investors, forks can provide an opportunity to make a profit if they choose the right side. However, they can also lose money if they don't carefully consider the implications of each fork.

## How to Buy/Sell SafeMoon and Moonshot Crypto

SafeMoon and Moonshot are two cryptocurrency assets that have seen explosive growth in the past months. Here are things to bear in mind about buying and selling these assets.

SafeMoon runs on the Binance Smart Chain. It was launched in March 2021 and has already gained a large following due to its unique economic model.

SafeMoon holders earn rewards for holding the asset and staking it in the SafeMoon liquidity pool.

The token also has a built-in burns mechanism, which makes it deflationary. You can buy SafeMoon on several exchanges, including Binance and KuCoin.

Moonshot, meanwhile, is an ERC20 token that runs on the [Ethereum](/coins/eth) blockchain. It was launched in April 2021 and has seen rapid adoption due to its low price and high potential upside.

Moonshot holders earn rewards for staking the token in the Moonshot liquidity pool. You can buy Moonshot on many exchanges, including Uniswap and Sushiswap

## An Opinion on Which Currency Is Better and Why

The cryptocurrency known as SafeMoon experienced a fork, which created two new tokens - SafeMoon Classic (SFM) and SafeMoon Cash (SFC).

The fork was due to a disagreement among the members of the SafeMoon team over the project's roadmap.
While the fork may have been intended to be nothing more than a symbolic gesture, it could have far-reaching implications for the cryptocurrency community.

For one, it raises questions about the stability of SafeMoon and whether or not it is a reliable investment. 

Furthermore, the fork could set a precedent for other cryptocurrency projects experiencing internal disagreements.

If more projects decide to fork to settle their differences, it could create chaos and confusion in the cryptocurrency market. As a result, the implications of the SafeMoon fork are still largely unknown.

However, if the cryptocurrency community reacts negatively to the fork, it could have a significant impact on the future of SafeMoon and other similar projects.



Moonshot Crypto: A Fork of SafeMoon?

Are you looking for [Hoge Coin](https://hogefinance.com/) price prediction and interested to know where the value will go in the future? The success of [Dogecoin](/coins/doge) helped create a way for various ‘meme coins’ to launch. But the question is: will coins like Hoge Finance replicate similar returns experienced by Dogecoin?

This article will discuss the Hoge Coin price forecast, highlighting its value potential and utility.

## What is Hoge Finance?

Hoge Finance (HOGE) is a meme-powered cryptocurrency with decentralized finance (DeFi). It was launched on February 7, 2021, as an ERC-20 token with a deflationary supply mechanism. This means the total supply of HOGE coins continuously decreases. There is a token burn for every transaction, and HOGE holders get 1% of each buy and sell.

## Hoge Coin Price Prediction

Before investing in cryptocurrency, consider the coin’s prospects over the short and long period. The Hoge Coin price is trading around $0.000047, taking a downturn from November 2021’s all-time highs. As you’ll now know, HOGE has a chequered history with dramatic highs followed by crushing lows. That being said, let’s look at what our AI-assisted technical analysis tells about the future of HOGE:

### End of 2022

The overall sentiment for the coin is bearish after the sharp decline in the HOGE price over the last five months. But if the coin gets community support around the $0.00005 psychological mark, it may enjoy the impetus required to reach $0.0001 by the end of 2022.

### End of 2023

HOGE's price projections are suppressed by a lack of utility, which must be rectified in the coming years. If the development team launches its NFT marketplace with other collections (as planned), the price estimates could hit $0.00028 by 2023.

### End of 2025

Looking further ahead, most of Hoge Coin’s price predictions depend on the team managing to complete the plans mentioned on their roadmap. This includes a crowdfunding platform, improved liquidity locking and a DEX. If these ideas are executed, we could see HOGE hitting over $0.0005 by 2025.

### Will Hoge Coin ever reach $1?

Based on the Hoge Coin price predictions from AI-based forecasting, the token is unlikely to reach $1 within the decade. Considering its current cost, the token’s value would need to increase by nearly 20,000 times to reach a dollar level.

## The Future of the Hoge Coin

Being one of the smaller meme coins, Hoge Coin’s future is uncertain. Its acceptance will largely depend on whether it can stand out from thousands of other cryptocurrencies on the market. However, the coin itself has a remarkable potential to reach new heights if the team executes the project’s roadmap. Business examiners and explicit specialists indicate that Hoge Finance can hit the most extravagant cost of $0.009 by 2030.

HOGE's suitability for your investment depends on your unique circumstances and risk appetite. Always remember that Hoge Coin's predictions can go wrong. Therefore, it's sensible to conduct your own research before making any trading decision or investment.


Hoge Coin Price Prediction

When some see the phrase ‘London hard fork Ethereum’, elegant UK table manners while enjoying a digital dining experience in [Decentraland](https://decentraland.org/) may come to mind. 

This in fact refers to something a little less delicious and more technical as the ‘London hard fork’ was the name given to the Ethereum Improvement Proposal 1559 (EIP-1559). This upgrade was implemented on the 5th of August 2021 and is a key component of the Ethereum networks overhaul from proof of work to proof of stake.

Key takeaways under the London hard fork Ethereum upgrade

•	A base fee and tip system which makes the user experience smoother.

•	A fee-burning mechanism that assists ETH in becoming a deflationary crypto currency in the long term.

•	The industry believes the update in the transaction system could save approximately 90% in transaction costs.


## London hard fork Ethereum updates improvements to the transaction fee system 

A significant aspect of the update was the change in the transaction fee system to improve user experience and save ETH on gas prices without sacrificing confirmation times. 

In the legacy system prior to the London hard fork Ethereum update, transaction fees could be very volatile and transaction priority would favour whales on the network who could afford exorbitant transfer costs.

Transaction fees before the update was based on a first-price auction mechanism. This works by senders specifying fee bids, also known as gas prices, they are willing to pay for their transaction and miners choosing the transactions with the highest bid to include in the block.

This resulted in congestion, increased gas prices and often users would need to pay more transaction fees (gas fees) than others on the same block.

The London hard fork Ethereum update removed the first-price auction mechanism. Gas fees are now made up of a mandatory algorithmically determined base fee and a priority fee (tip).

The base fee is paid in Ether and can fluctuate depending on the load of the network. The networks aim is to keep the utilisation rate near 50%. If the block is over 50% full, the base fee automatically increases. If the block falls below 50% full, the base fee automatically decreases. This regulates network congestion and allows for transaction costs to be set automatically for wallet providers. 

## What if you would like to the speed up the processing of your transaction? 

No problem, priority fees (tips) can be added as a form of gratuity on top of the base fee. Priority fees go to miners which gives them strong incentive to favour transactions with tips. In ideal network conditions blocks are rarely filled over 50%, leaving the remaining half of the block for tip transactions. Depending on how full the block is (utilisation) even a tiny tip is sufficient to guarantee that the transaction gets included in the next block. 

## Burning mechanism under the London hard fork Ethereum update

Another major aspect of the update is that part of the base fee is burned i.e., eliminated from circulation which will begin to reduce the supply of Ether and potentially increase the digital assets price.

ETH which has a price of approximately 2334 pound per coin at the time of writing 5 May 2022 has no maximum limit to the mining of Ether which makes it an inflationary cryptocurrency. The EIP-1559 burning mechanism which will slowly reduce the supply of Ether has been viewed as a positive step in making Ethereum a deflationary asset in the long term. Experts suggest this implemented proposal alone will not make ETH deflationary as the nominal amount of gas burned won’t outpace network inflation. Rather the London hard fork Ethereum update in conjunction with future proposal executions to assist in the transition to Ethereum 2.0, will make Ethereum completely deflationary.

## The ‘Merge’ to come

The next major protocol update will be the ‘merge’ of the Beacon Chain with the Ethereum Mainnet. We’ll be tracking the developments of impending EIP’s on network, for this and more of the latest crypto news check out [Latest Moni](https://www.monitalks.io/news/article/decentraland-price-prediction-2025).




London Hard Fork Ethereum Update

Looking for information on the [Safemoon](https://safemoon.com/) crypto price? You've come to the right place.

Although regarded as a [meme coin](/news/tag/meme-coin), Safemoon is one of the popular tokens in the crypto market, with the famous brand mantra, "to the moon." 

Aside from being a popular crypto token, or meme coin, it's highly volatile and has an increasing market cap.

## Safemoon in its Entirety

The coin was launched on the Binance Smart Chain blockchain in March 2021 to create a decentralised financial system controlled by a community. It's a meme coin; it was expected to rise. Today, more than 2.8 million people hold the currency, and a report states that more than 500 trillion funds are in circulation.

Owners of Safemoon earn a passive reward in monetary form - Safemoon tokens - to discourage the selling of the coin.

## Safemoon Crypto Price

Coin Market Cap gives the current price of Safemoon crypto price as $0.0000005607 with a market cap of about $1.236 billion, and it's ranked 234 among other cryptos in the crypto market.
 
## Safemoon Price Prediction

Experts have predicted that Safemoon will be bullish based on long-term predictions. It's speculated that the price of Safemoon might hit $1 by 2023, even $5 by 2025. However, Safemoon price predictions are solely based on how well very popular cryptos increase in cost. If popular cryptos like Bitcoin and Ethereum rise in value, that can have a ripple effect on less popular coins like Safemoon.

As Safemoon is a community-driven token and a meme coin, the token increasing in value is inevitable, as the community will massively support it. For crypto investors or enthusiasts, it's a fact that meme coins tend to increase in value.

Moreover, the fact that, since launch and within a short time, millions of people currently own Safemoon tokens proves it'll grow.

## Is Safemoon a Good Investment?

Even though there might be short-term losses in owning Safemoon tokens, it might be a reasonably good long-term investment opportunity.
Buying a Safemoon token isn't an easy buy, making it hard to sell, which can discourage potential buyers. That means it is a somewhat risky investment, but hanging on to it long term might be a brilliant way of investing.

Nonetheless, it's not a fully wise investment to buy Safemoon because there are other cryptos one can buy which are generally considered better assets.

## How to Buy Safemoon

You can buy Safemoon with other cryptos on Binance Smart Chain using decentralized exchange platforms like Safemoon Swap or PancakeSwap.
Safemoon isn't listed on most crypto exchanges, and buying it with traditional or fiat currencies is impossible.

If you plan on buying Safemoon, here's how: 

•	Create a Binance Smart Chain wallet via Trust wallet
•	Buy Binance tokens and swap them for Safemoon tokens on the Safemoon Swap exchange

## Final Thought

If you plan on buying Safemoon, it's wise to invest money that won't affect your overall finances - invest money you can lose without anxiety.





	


Safemoon Crypto Price Prediction

The [Terra Luna](https://coinmarketcap.com/currencies/terra-luna/) collapse wiped billions from the crypto market. Will it recuperate?

Visualise the moment when your entire investment is wiped out suddenly. That's the harsh reality for millions of investors in the Terra Luna cryptocurrency. Its value dropped dramatically from more than $100 per coin to less than $1, losing 99% of its value within a few minutes and sending huge repercussions around the whole crypto world.

So, what's the reason behind Terra's Luna cryptocurrency price collapse, and what impact will it have on the crypto market?

## What is Terra Luna?

Terra Labs, a South Korean blockchain development company, designed the project Terra network, which comprises two cryptocurrencies: TerraUSD (UST) and Luna (LUNA).

The Terra network authorises blockchain developers to make custom blockchains and DApps for a broad range of use cases, but typically operates on Delegated Proof of Stake (DPoS) algorithm. The network focuses on DeFi, NFT projects, and Web 3.0 apps. It's linked to other significant blockchains, including Ethereum, Binance Smart Chain, and Harmony, and is deemed a powerful player in the DeFi world.

Terra network possesses two native tokens, UST and LUNA, and both have different functions. UST is a stablecoin, implying its value is pegged to $1 and is utilised to risk or shift tokens when markets become jerky. In contrast, LUNA is a more tradable investment whose price fluctuates depending on market circumstances.

Both coins are intrinsically linked, with UST pegged to LUNA using something named "algorithmic pegging". Typically, a stablecoin is funded 1:1 with a tangible asset, like gold or dollars, ensuring investors that the value will stay at $1 (or reasonably close).

Algorithmic pegging operates a smart contract to alter the value of the linked assets automatically. In this case, the smart contract automatically uses LUNA tokens to mint new UST tokens, maintaining the UST price stable and LUNA deflationary (theoretically). So, no matter the market conditions, 1 UST can consistently be redeemed for or coined for exactly 1 LUNA.

## Reason Behind Terra Luna Collapse

The sudden Terra Luna collapse took place in early May 2022, when the value of UST unexpectedly began falling from its $1 peg.

The unexpected price fall caused a massive number of LUNA to be minted to stable the UST value, saturating the market with LUNA tokens. This pushed the price down and smashed LUNA's price overnight. Indeed, LUNA moved from a top 10 crypto to descending outside the top 150 overnight. Its circulating market supply tripled from about 350 million to more than 1.4 billion in just two days.

Terra Labs had assembled around $3 billion in [Bitcoin](/coins/btc) to begin building a reserve. It wasn't nearly sufficient to stop the market drop. The company was compelled to vend its resources (against a Bitcoin market that has also lost significant value over the same course). Ultimately, there was no more $1 value of LUNA for every UST, implying both cryptos would drop altogether without any clear path to recovery.

UST is an algorithmic stablecoin. Eventually, its stability is naturally related to market volatility. When support for either related cryptocurrency becomes a problem, there is always a possibility that one or both will collapse and witness a market fall.

Now, with the value of UST still not redeemed to its $1, Terra is trying to raise the supply of LUNA to boost the burn rate and saturate the market with coins, putting more downward pressure on the crypto.

## Will Terra Luna recover?

Amid the market crash, Terra Labs CEO Do Kwon presented a Terra Luna recovery strategy to stabilise the present crypto destruction. According to his plan, he will work to stabilise the Layer-1 ecosystem.

The strategy is:

•	A new LUNA with a supply of 1 billion will be spread across the community
•	40% of this LUNA will be given to existing holders before the depeg
•	A further 40% will be given to present UST holders
•	10% will go to current LUNA holders
•	the last 10% will go to a community pool for development

This recovery strategy prioritises the Terra Layer-1 as Kwon and the community strive to protect the broader ecosystem.
Kwon said Terra Luna needs a growing community to make its blockspace valuable again.

"The only way to do this is to make sure that token holders before the attack commenced, the most loyal community members and builders, stick around to keep providing value," he added.

Right now, it is just a proposal to recover the Terra loss. The crypto market is highly volatile and we are left to wait and watch until the market stabilises.
 



Terra Luna Collapse: Why Did It Happen

It launched as a meme coin with the slogan "to the moon". [Dogecoin](/coins/doge) could now be heading into space for real.

DOGE-1, a 40-kilogram cube satellite that will fly as a payload on a Falcon 9 rocket, was unveiled on Sunday by Geometric Energy Corporation.  

DOGE-1 is a satellite that will be launched on a SpaceX Falcon 9 rocket and will circle the moon to "collect lunar-spatial intelligence via onboard sensors and cameras with integrated communications and computing capabilities."

According to the news statement, Dogecoin is advanced enough to fund a commercial moon expedition fully and will be used for all lunar transactions between the two firms.

This expedition will demonstrate the usage of cryptocurrencies in space and build the framework for interplanetary commerce, according to SpaceX Vice President of Commercial Sales Tom Ochinero in a statement published by Geometric Energy.

## Social Media Hints

There was a lot of "moon Dogecoin" chatter after hints on social media.

The journey, scheduled for the first quarter of 2022, follows Elon Musk's 1 April statement pledging to place Dogecoin "on the literal moon". Not everyone initially took it seriously as he tweeted about it on April Fool's Day. Musk added, "SpaceX is going to put a literal Dogecoin on the literal moon." In cryptocurrency parlance, this is known as "shilling" – the practice of constantly promoting a specific coin to increase its price. He said that the expedition would be paid for in DOGE and that it would be the "first crypto in space". However, the quantity of Dogecoin involved in the transaction with SpaceX was not revealed.

## Musk Refers to Dogecoin as a 'Hustle'

It happened when the price of Dogecoin fell further after the technology mogul claimed on television that it was a "hustle." On Sunday, Dogecoin dropped more than a third of its value when Mr. Musk referred to it as a "hustle" while presenting the Saturday Night Live comedy sketch television show. Mr. Musk's recent comments on the voyage to the moon have aided in transforming the once-obscure digital currency into the world's fourth-largest cryptocurrency. 

According to cryptocurrency data tracker [CoinGecko.com](https://www.coingecko.com/), it has increased by more than 800% in the previous month, with a total market value of more than $70 billion. In May 2018, Musk told reporters, "It's intended to do 10 or more flights with no refurbishment between each trip.

"We believe the [Falcon 9] boosters can fly at least 100 times before being decommissioned."

However, the moon Dogecoin mission is still taking shape, and it is presently planned to be orbital.

According to a Geometric news statement, the mission will launch an 88-pound (40-kilogram) CubeSat (appropriately named Doge-1) on a mission to acquire "lunar-spatial intelligence... with integrated communications and computational capabilities." The cargo will also include video surveillance, the specifics of which are unknown. It is likely to include sensors and cameras. 

In the opinion of Geometric CEO Samuel Reid, the transaction solidified DOGE as a unit of account for lunar business in the space industry. The organisation also promised to do all future missions in Dogecoin, citing rewards such as its security and the ability to conduct transactions even after business hours.  

## A Difficult Week for DOGE

Despite all the wonderful news and enthusiasm, Dogecoin has had a difficult week. Its value has fluctuated for various causes, but Elon Musk has been at the centre of it all. Overall, the cryptocurrency has returned about 10,000% this month and rebounded late Sunday evening after a huge drop on Saturday following Musk's SNL appearance.

Dogecoin's position in terms of real-world utility has recently solidified. AMC Theatres in North America confirmed last month that crypto payments could be made using Dogecoin.

The ascension of Dogecoin to the moon will mark a new milestone in the crypto realm. SpaceX, as a pioneer in private space exploration, is continuously creating precedents for humanity's future in space, whether purposefully or unintentionally.


















To the Moon: Dogecoin into Space

The value of Luna plunged sharply on Wednesday, from $6.75 to a little over $1. As of Thursday afternoon, the currency was worth only $0.02. The sibling token of the controversial stable currency [TerraUSD](https://coinmarketcap.com/currencies/terrausd/) is now effectively worthless.

According to Coin Gecko statistics, Luna fell to $0 on Friday, a remarkable decline for a cryptocurrency formerly valued at more than $100. 

TerraUSD, sometimes known as UST, is designed to be tied to the US dollar one-to-one. When the UST decoupled from the dollar earlier this week, values plummeted. UST has lost its peg and was trading at 12 cents on Friday, according to statistics.

Traders prefer to acquire currencies such as [Bitcoin](/coins/btc), [Ether](/coins/eth), and [Dogecoin](/coins/doge) using digital assets tied to the dollar since only the price of the crypto asset changes when they buy or sell. 

## Stablecoins Rise in Popularity

Stablecoins enable quick trade without the lengthy settlement timeframes associated with government-issued currencies, which might take days. If a person wants to sell Bitcoin and immediately lock in their dollar winnings, they might do so by purchasing a stablecoin on major cryptocurrency exchanges.

UST and Luna are connected. UST is referred to as an algorithmic stable currency, which means there is an expectation that its $1 peg will be managed by the underlying code. This is fundamentally different from other stable currencies, such as tether and USDC, which are backed by real-world assets like bonds. UST has no real-world reserves. 

Algorithmic stablecoins are not backed by assets, instead relying on financial engineering to maintain their ties to the dollar. Previously, the algorithmic stable currency TerraUSD kept its $1 price by depending on traders to perform an arbitrage function between Terra and Luna values. 

When Terra went below the peg, merchants would "burn" the stablecoin, taking it out of circulation by swapping TerraUSD for $1 worth of fresh Luna units. This move lowered TerraUSD's supply and increased its price. When the value of TerraUSD soared beyond $1, traders might burn Luna and generate new TerraUSD, boosting the supply of the stablecoin and bringing its price back down to $1. Traders said a series of significant withdrawals from Anchor Protocol, a crypto bank established by developers at Mr. Kwon's business Terraform Labs, was the cause for the decline. It began during the 7-8 May weekend and spiralled out of control the following Monday. Digital currency investors use such services to earn interest on their coins by lending them out. 

The Anchor platform held most of the stablecoin's supply. According to the platform's website, investors had invested more than $14 billion in TerraUSD in Anchor by early May. Large trades eroded TerraUSD's $1 value during that May weekend. 

Because of the volatility, many investors withdrew their TerraUSD from Anchor and sold the coin. As a result, additional investors withdrew from Anchor, causing a chain reaction of more withdrawals and selling. TerraUSD deviated from its dollar peg as the supply-demand equilibrium was disrupted. Luna, its sister coin, has also seen its value fall. The crypto community speculates that an anonymous trader triggered the run as part of an "attack" on the stable currency. 

## Anchor TerraUSD Deposits Drop

According to the company's website, Anchor's TerraUSD deposits had dropped to around $1.6 billion on 13 May. The Terra blockchain, which underlies UST and Luna, has also stopped processing transactions twice in less than 24 hours, adding to the problems. Before the catastrophe, $14 billion in TerraUSD was placed in Anchor. There is less than $200 million remaining.
  
The Luna Foundation Guard may be running out of funds as well. Its crypto reserves are down to less than $90 million, and it has no Bitcoin in its wallet. The breakdown also impacted the Terra blockchain, which was momentarily unavailable on Thursday "to avoid governance assaults".

Meanwhile, Binance, the world's largest cryptocurrency exchange, delisted UST and Luna on Friday. Many traders have sold, believing that the assets would not be able to recoup their losses. Even Bitcoin fans have expressed concern. 
 
Nonetheless, the collapse spread. Luna's Bitcoin hoarding spread to other cryptocurrencies. Traders anticipating a TerraUSD breakdown appear to have sold Bitcoin, leading to the token's falls. This, in turn, undermined demand throughout crypto markets, which lost more than $400 billion in market cap as several tokens, including Bitcoin, Ether, Cardano, and Solana, fell by more than 20%.

The incident has also drawn policymakers' attention back to the absence of regulation around stable coins and the larger cryptocurrency sector. As TerraUSD broke from its peg on 10 May, Treasury Secretary Janet Yellen reiterated her appeal for Congress to establish laws governing stable currencies.


Why did TerraUSD and Luna Crash?

Making an ADA coin pricde prediction is tough right now. [Cardano's coin price](/news/article/ada-news-crypto) fell 11% to $0.66 on Monday, 9 May, 2022, meaning it has dropped 35% in the past month. This was despite having a strong run in March, with prices reaching as high as $1.21. 

There are several reasons attributed to the change in fortunes from April. Notable is the re-emergence of Covid-related lockdowns in China, with authorities in China placing an international travel ban on Chinese citizens, preventing them from travelling for non-essential reasons. Shanghai, the financial hub of China, has been on lockdown since the end of March, with many people forced to stay at home without access to food, medicine, and other vital supplies. More than 30 cities across China are now under full or partial lockdown, affecting 220 million people. Travel has further been discouraged by a reduction in the issuance of travel documents which has fallen 6% since 2019. Passport renewals for non-essential travel also stopped in February.  

Many people that invest in cryptocurrencies believe that it is the latest version of gold, especially Bitcoin. However, while gold prices have risen 3% in 2022, with the S&P falling by 16%, the same cannot be said for Bitcoin. It fell as low as $25,402, matching its 52-week low. This resulted from a mass sell-off due to the instability of TerraUSD (UST), which failed to hold its 1-to-1 peg with the US dollar and fell as low as $0.45. In turn, the downward selling pressure in the stock market has been due to high US inflation and the aggressive countermeasures of the Fed, with CPI rising by 8.3% in a year and inflation being at its highest since 1981. 

Earlier in the month, the Fed had raised interest points by 50 bps to a target range of 75% and 1%, with the Fed Chair announcing a further 50 bps is on the cards over the next two FOMC meetings. They will also begin allowing $30 billion in US Treasuries and $17.5 billion in mortgage-backed securities to come off its balance sheet starting in June. Russia’s invasion of Ukraine in February also sparked a mass sell-off in the stock market, which in turn affected cryptos.  

Recently, specifically related to Cardano, there was an increase in its Block size on the main net to improve the transaction performance of the dApps. However, this did not seem to affect the price.  

## Number of ADA Holders Increasing

According to crypto experts, more than 500 projects are currently built on the Cardano blockchain. The token distribution is almost 90% retail, with this number likely to increase. With the number of long-term Cardano (ADA) holders growing by 32% in February, Dr. Shweta, the owner of KIBC1 and 2, further predicts that the coin value of ADA could increase by another 25% as crypto investors stock up on their Cardano holdings.  

An Analyst from Capital.com warned that Cardano investments should be taken with caution. Cryptocurrencies are currently less used as a hedging instrument, and a favourable market for cryptocurrencies, including Cardano, can only occur when the economic and geopolitical situation in the world starts to improve. This, alongside the fact that it is very volatile, makes it hard to predict future performance.  

The current prices are, from a technical point of view, a good opportunity to buy cheap. However, it is on a bearish run in the short term. Only three indicators give bullish signals and 28 bearish as of the week commencing 9 May.  

## ADA Price Prediction

Wallet investor believes that ADA coin price prediction will reach $1.52 in a year and $4.6 by May 2027. Digital Coin Price also believes that the price will rise as high as $0.86 in 2022, $0.97 by 2023, $1.28 in 2025 and $3.06 in 2030. However, Price Predictions ADA price is the most optimistic, with the average price expected to hit $1.15 in 2022, $1.62 in 2023, $3.56 in 2025, $21.35 in 2030, and $32.25 in 2031.  

Since its release, ADA has had an ROI of 2,967%, according to [CoinMarketCAP](https://coinmarketcap.com/). From a historical point of view, ADA crypto price traded in a sideways range until around November 2017, when the price rose from $0.029 on 20 November to $0.119 on 28 November, representing a 310% increase. ADA coin price continued to rise and closed 2017 at $0.719. By 4 January 2018, the crypto's price had reached $1.11, but due to its volatile nature, it declined by 97% to close the year at $0.041. It remained under $1 in the years 2019 and 2020, respectively. ADA regained momentum in 2021, went as high as $1.48 on 15 April, and reached $2.30 on 16 May. It fell to $1.98 on 21 September and fell again to $1.21 on 10 December. It closed the year at $1.31.  

## SundaeSwap Cardano Protocol Launches

Cardano has continued in its volatile nature in 2022, firstly by reaching $1.63 on 18 January following the launch of [SundaeSwap](https://www.sundaeswap.finance/). SundaeSwap is an automated market maker decentralised exchange which runs on Cardano and allows users to trade, stake, and lend tokens on the platform. Fees are low and liquidity providers can earn a return on their deposits. Following this launch, it declined to $0.75, as did the entire stock and cryptocurrency market following Russia’s invasion of Ukraine. ADA is currently trading at 0.54 as at the time this article was written, with a market capitalisation of 18.5bn.  

Therefore, to conclude, even though the crypto price of ADA, like most cryptocurrencies and stocks now, seems to be on a bearish run, in the long term we expect it to resume its bullish run and continue to rise as it has done historically since its exception.


ADA Coin Price Prediction

The [BTC](/coins/btc) price is now trading at $28K, indicating that it is highly oversold, as evidenced by RSI levels around 30%.

Indeed, the RSI has hit levels not seen since the May 2021 crisis. The price may have a positive retracement and retest the broken $30K barrier in the immediate term. However, it is also feasible that it will continue to fall towards $24K and $20K, which might eventually indicate a mid-term bottom. 

The 50-day and 100-day moving averages also form a bearish crossing, which might increase the likelihood of lower prices sooner rather than later. BTC price has broken below the huge bearish flag that has been building over the previous few months, indicating a negative continuation scenario. 
 
The downtrend is presently displaying symptoms of fatigue, with the past few candles closing with large wicks to the downward. The RSI is also attempting to break above the oversold area, implying a short-term positive pullback to the previously breached $30K barrier. However, the bears have total control, and a collapse below the $24K level remains likely. 

The futures market undoubtedly had an influential role in this collapse, since Bitcoin's open interest was unusually high even as the price fell from $48K to $37K in April. This gradual decline in open interest during a 20% drop indicated that many stop losses and liquidation targets of long positions were located below the $37K, $33K, and $28K support levels.  

However, the open interest is still significantly greater than in May 2021 following the drop from the $64K ATH, indicating that the futures market is still hot, despite the current decline. Because high open interest results in significant volatility, this might be taken as a negative indication. Rising inflation, geopolitical events, and concerns about the Fed tightening monetary policy have all contributed to heightened market volatility. 

The Fed raised interest rates on Wednesday - the first time in more than 20 years - signalling that future rate hikes are likely and that the balance sheet runoff will begin in June. Some analysts believe [TerraUSD (UST)](https://coinmarketcap.com/currencies/terrausd/), one of the most popular stable currencies, also contributed to Bitcoin's fall this week. UST is supposed to be tethered to the dollar, but it plummeted to 29 cents this week and crashed in a simulated bank run as investors panicked and sold out their tokens. 

Since December 25, 2021, the BTC price has not risen beyond $50,000. Despite the problems, Bitcoin has remained above its January low of less than $34,000, which was the lowest in the preceding six months. BTC price dropped by 40% since its all-time high above $68,000 on November 10, owing to rising inflation, a sluggish job market recovery, and the Fed's continuous signs that it will begin winding down the measures to assist the economy.

Despite a poor start to the year, Bitcoin entered 2021 on a high note, thanks to a robust November and early December that gave way to the recent downward trend. After beginning 2021 around the $30,000 level, Bitcoin rose throughout the year, reaching its current all-time high of $68,000 on November 10.  

Despite decreasing dramatically from its most recent all-time high, many analysts believe BTC price will eventually surge beyond $100,000, describing it as a matter of when, not if.

Bitcoin reached its first high in 2021 when it surpassed $60,000 in April. Since then, the price fluctuation has highlighted the cryptocurrency's unpredictability when more individuals are eager to participate. Bitcoin bounced dramatically up and down in the weeks between a July low that brought it below $30,000 and its most recent peak in November. 

## Analysts’ Views of BTC Price

According to a crypto specialist, price fluctuations are expected for individuals who invest in crypto for the long term. Big drops are not a cause for concern, and he avoids reviewing his stocks during dangerous market falls.

Humphrey Yang's set it and forget it attitude to cryptocurrencies mirrors his approach to traditional stock market trading. Still, other experts believe Bitcoin is too distinct from traditional assets to draw historical similarities.  

Recent price fluctuations have been accompanied by rising inflation, persistent uncertainty over the country's protracted battle with COVID-19, and new regulatory steps by the United States government, notably Biden's recent executive order.
 
## Cryptocurrency Crime and Tax Evasion 

A few main themes have developed about new cryptocurrency regulation in the US: preventing cryptocurrency crime and tax fraud, ensuring stable coin regulation, and the possibility for investment vehicles like crypto ETFs and other funds.
The decentralised nature of digital currencies is a significant appeal for many crypto aficionados. However, regulatory guidelines can assist in protecting investors.  

One proposal would broaden the definition of a brokerage to include firms that support digital asset trading, such as cryptocurrency exchanges. This type of move would imply higher tax reporting duty to assist the IRS in tracking crypto tax evasion. 

Companies that facilitate crypto trades would be compelled to provide tax information about such exchanges to the IRS, beginning with the 2024 tax season, under a proposed new rule being examined by legislators.  

Furthermore, Gensler has spoken about the necessity for increased legislation to help avoid future ransomware attacks. 

## Stable Coin Regulation 

Stable coins are most utilised by sophisticated traders to decrease costs on crypto-to-crypto exchanges, but the Biden administration analysis suggests that stable coins may become a more general digital payment system. Because cryptocurrency is still in its infancy as an asset class, any new regulations may influence investors' portfolios.

According to Gensler, unscrupulous actors may be able to dodge public policy measures and other punishments targeted at preventing money laundering or guaranteeing tax compliance by avoiding the use of US dollars in direct crypto-to-crypto exchanges. 

## Cryptocurrency ETFs 

Cryptocurrencies ETFs are not now accessible in the US, but they may provide a future method for investors to invest in cryptocurrency without buying directly from an exchange. "There's not a method to acquire an asset that closely tracks the price of a certain cryptocurrency until an ETF is approved," explains Jeremy Schneider. That implies that the only method for investors to do so is to purchase coins directly from an exchange. If you are interested in cryptocurrency, these funds, like a traditional ETF or index fund, may help you diversify your assets among multiple coins. 

## Biden's Executive Order  

President Joe Biden has authorised federal agencies to establish a plan for laws and regulations on digital assets such as bitcoin with the signing of a new executive order on cryptocurrency. 

According to experts, the decision will assist in creating the regulatory clarity needed for significant institutional adoption of Bitcoin and other digital assets. Long-term investors may benefit from more stability in the usually turbulent crypto sector. After an early burst that saw the price of Bitcoin rise, it quickly dropped again. 

Biden's directive also directs US authorities to ensure that the country's cryptocurrency regulations are consistent with US allies. It charges the Financial Stability Oversight Council to investigate any illegal financial issues. Furthermore, the law underlines the significance of a new central bank digital currency issued by the government. Biden's executive order is a timely reminder that US politicians are closely monitoring Bitcoin and how it may impact financial markets in the future. This should not persuade crypto investors to make quick adjustments to their long-term investment strategy.

Experts advise sticking to the most established cryptocurrencies, Bitcoin and Ethereum, and investing just what you are willing to lose or no more than 5% of your overall portfolio. Budget essentials such as emergency preparedness, debt repayment, and retirement savings should take precedence over Bitcoin investments. Regarding where to purchase and sell cryptocurrencies, stick with a well-known, high-volume cryptocurrency exchange. 

## China’s Ban on Financial Institutions from Cryptocurrency Business 

China has prohibited financial institutions and payment businesses from offering cryptocurrency transaction services and has advised investors against speculative crypto trading.

According to a blockchain analysis business, a combination of factors has contributed to the recent sell-off, in which new short-term investors dumping their holdings in response to the latest decline may be adding to the reduction in Bitcoin's value. However, the stock and cryptocurrency markets have historically gained despite greater volatility and this is expected to continue. As a precaution, experts urge investors to keep investments small to handle volatility. 

To conclude, if Bitcoin survives as a digital asset class, which it may, it will be seen as a high-risk asset class. As a result, it might see a significant gain in value in the future or go the other way and become worthless. Therefore, it remains to be seen if Bitcoin is indeed the future “world money".


BTC Price: Bitcoin Update

This article addresses how to calculate the conversion of BTC into GBP. Before we start, it's important to understand what bitcoin really is.

[Bitcoin](/coins/btc) is a decentralised online cryptocurrency that can be sent from user to user on a peer-to-peer network without intermediaries.

The cryptocurrency is also called "digital gold" due to its high value, which no government or bank can manipulate. It is increasing in popularity as a payment method because it offers a more efficient and cheaper way to do business.

After hitting an extortionate value, Bitcoin is losing some of its value today. As the value changes, many people are concerned about the loss. To understand how much you can potentially lose or gain, you need to determine the fluctuation for each day. Let's look at how to calculate BTC to GBP daily.

## BTC to GBP: Calculate the Value Daily

The [value of Bitcoin changes every day,](https://coinmarketcap.com/) so there's no straightforward formula to work out the price of 1 BTC in GBP. So, let's keep the following as a rough guide for better understanding.

First, you need to find the number of Bitcoins currently in circulation. You can visit any reputable cryptocurrency app or website that tracks data on it.

Next, find the exchange rate for today. You can use a converter, easily found online, to find a reasonable estimate for the current exchange rate. But remember, the price of 1 BTC depends on its value relative to other cryptocurrencies.

For a rough idea of what one bitcoin worth is in pounds sterling today, consider doing the following formula:

1 BTC = (Current value of 1 BTC in GBP / The exchange rate from that day’s date) 0.000033 * 30,362.43 = 1.00196019 GBP
This method can give you a rough estimation of what one BTC is worth in GBP in today’s money terms. But since the price changes every day, the value of 1 BTC to GBP will also change.

The best thing about cryptocurrency is that it's backed by mathematical proof instead of any authority. The digital currency is immune to political influence as it's not subject to government control or inflation.

## How to Calculate the BTC to GBP Exchange Rate?

The BTC to GBP exchange rate is the rate at which Bitcoin will be exchanged for the British pound on a specific date or time. As no central banks control the cryptocurrency market, calculating an exchange rate for this system can be challenging. Use the formula mentioned above to calculate the current price of one BTC to GBP.

1 BTC = 1.00196019 GBP

## Conclusion

As cryptocurrency is becoming more and more relevant in today's technological revolution, it has become most important to understand the conversion of Bitcoin into GBP. The value of Bitcoin fluctuates each day, so you need to check the value daily to determine how much Bitcoin is worth in GBP today.
 
 
 
 



BTC to GBP: 1 Bitcoin to British Pound Sterling

Litecoin news has been relatively quiet in the first month of 2022. For price prediction, it couldn't be louder.

The coin has been slashing value with fervor over the last four weeks, eventually losing $40 from its 1 January price. But it appears that the coin has found its floor and is now ready to start climbing again. Litecoin price predictions are bullish as a result of a new upgrade.

This announcement is the culmination of a two-year-long effort by Litecoin developers. The team has been working hard to bring the MimbleWimble upgrade to the network, and it has finally happened. MimbleWimble is not a code name for the upgrade; it's the technology that's being used. MimbleWimble is the name of a blockchain protocol that focuses on security and has been used by various networks since its inception. To keep users' data private, the protocol employs its brand of cryptography known as Elliptic Curve Cryptography (ECC). Users can make their transactions untraceable by others by using this new protocol.
 
This Litecoin price prediction guide will aid investors in deciding if Litecoin is right for them, if it will rise in the long term, and provide a forecast about what Litecoin could be worth in 10 years.

## What is Litecoin?

[Litecoin (LTC)](/coins/ltc) is a decentralised peer-to-peer cryptocurrency created in 2011 by Charlie Lee, a former Google employee. The LTC network was created to address the network issues of its elder brother. These include scalability, transaction speed, and high commission fees for each financial transaction made on the blockchain.

Litecoin was one of the first cryptocurrencies people learned about when they first entered the market. The LTC network is a Bitcoin fork that uses the BTC protocol. They share features such as anonymity, decentralisation, the ability to be mined, and the consensus mechanism (Proof of Work).
 
## 2022 Litecoin Price Prediction

According to technical analysis of [Litecoin prices in 2022](https://coinmarketcap.com/currencies/litecoin/), the lowest cost of Litecoin will be $142.09. The maximum LTC price that can be reached is $170.62. The average trading price is anticipated to be around $147.58.

## LTC Price Prediction for May 2022

Crypto analysts examined Litecoin price fluctuations in 2022 and previous years, predicting that the average LTC rate in May will be around $121.19. It can fall as low as $116.79. The maximum possible value is $129.17.

## Litecoin Price Prediction for June 2022

The average LTC price in the middle of the year 2022 will be $126.03. Litecoin's value may also rise to $134.01 in June. It is expected that the price will not fall below $121.64 in June 2022.

## Litecoin Price Prediction for August 2022

Analysts predict that the LTC price will be around $133.71 by the end of summer 2022. In August, the price of Litecoin could fall to as low as $128.22. In August 2022, the expected peak value is $145.55.

## LTC Price Prediction for September 2022

According to cryptocurrency experts who have studied Litecoin prices, the LTC rate could reach a high of $152.23 in September 2022. It could, however, fall to $133.33. Litecoin is expected to average nearly $137.72 in September.

## Litecoin Price Prediction for October 2022

The price of Litecoin will be $141.85 on average in the middle of autumn 2022. Analysts predict that the LTC price will fluctuate between $136.36 and $157.74 in October 2022.

## LTC Price Prediction for November 2022

Experts predict that the value of Litecoin will not fall below $140.30 in November 2022. This month's maximum peak is expected to be $164.83. The average trading value is estimated to be $144.69.
 
## Litecoin Price Prediction for December 2022

Cryptocurrency experts have carefully examined the price range of LTC throughout 2022. Their forecast for December 2022 is as follows: the upper trading value of Litecoin could be around $170.62, with a chance of dropping to $142.09. The average price in December will be $147.58.

Using the work of some of the industry's best analysts and traders, LTC's long-term growth could reach a reasonable projection of $10,000. This would place it among the best performing assets of all time, second only to BTC.

There has been a struggle by Litecoin to reclaim its previous all-time high and, according to analysis, lower prices may be met before some of the most ambitious price predictions are reached. Analysts believe that $100 will be the absolute bottom for Litecoin in the coming days.
 
The future of Litecoin, like that of bitcoin, Ethereum, and other popular cryptocurrencies, will be exciting to watch. Market competition and the battle to break into the mainstream are significant obstacles. The success (or failure) of the LitePay system could significantly impact the growth of Litecoin.
 
Remember that cryptocurrencies are speculative and complicated, so thoroughly research all of the pros and cons of Litecoin before deciding whether or not to purchase.
 



Litecoin News: Does it Have a Future?

If you're wondering what's the best crypto to buy and hold, we've put together some analysis to help your research.

Buying and holding cryptocurrency could be a great way to be financially independent and beat inflation. It could also give you total control over your financial portfolio.

Owning crypto that constantly increases in value is every investor's dream. But, the market for crypto is highly volatile and things change so fast that while some cryptos gain over time, the opposite happens to other cryptocurrencies.

But being a keen investor involves making big bets on the future, which consists of investing in cryptos that can stand the test of time.

If that's your goal, there are cryptocurrencies you can buy now which are tipped to increase in value in a decade. Here are some experts have predicted could go 'to the moon'.

## [Cardano](https://cardano.org/)

Cardano is the ninth most popular cryptocurrency, with a market cap of about $32 billion. Cardano is an environmentally friendly coin compared to others that require a high amount of energy, electricity, and hardware to mine. Miners update the blockchain using coins they own.

This matters because governments and even crypto enthusiasts and investors scrutinize the effects of Bitcoin mining on the environment. Looking for innovative ways to tackle the impact of crypto mining is becoming crucial and could make the 'cleaner' tokens, like Cardano, a better long-term bet.

## [Solana](https://solana.com/)

Solana's value could increase in the coming years for many reasons. One reason is a new feature released by Solana that investors and enthusiasts are keen on; Solana Pay. Solana Pay supports decentralized P2P payments and aims to support payments with traditional currencies like the US dollar.

That feature gives Solana an edge over other competitors. Solana is the seventh most popular crypto with a market cap of $35 billion. 

## [Ethereum](/coins/eth)

Ethereum is not a new name in the crypto industry; it's the second most popular crypto in the crypto market. The new Ethereum upgrade Eth2 has garnered much interest among investors and enthusiasts due to upgraded security and scalability. This upgrade and the blockchain's role in smart contracts and NFTs could secure rising values for Ethereum in the coming years.

## [Bitcoin](/coins/btc)

Bitcoin is the most popular cryptocurrency; it's a good asset for investors. Generally, Bitcoin is the first choice when investors plan to buy and hold.

As more businesses accept crypto as a means of payment, it increases in popularity. Companies like Microsoft, Tesla, and PayPal have started accepting Bitcoin as a means of payment. It has been a performing asset for more than a decade and as general acceptance and use increase, it could be worth adding to your investment portfolio.

## Final Thought

Crypto is worth investing in; there are thousands of cryptocurrencies in the market, so choosing the right one is essential.



Best Crypto to Buy and Hold? Here Are Some Thoughts 

Ready for some [Chainlink](https://chain.link/) news? Let's start by explaining what it is.

[Chainlink](/coins/link), then, is a decentralised oracle network intended to function as middleware between smart contracts on innovative contracting platforms and external databases, authorizing smart contracts to safely access off-chain data feeds.

## Chainlink History

Developed in September 2017, the Chainlink protocol was officially launched on mainnet in May 2019. The crypto coin strives to solve the oracle problem, an inherent restriction of blockchain networks that controls them from linking to external databases that exist off-chain. 

Chainlink delivers a comprehensive range of decentralised services via a network of autonomous oracle node operators to smart contracts, including:

•	Price Feeds - financial market data used to control a large portion of the DeFi economy, 
•	Verifiable Randomness - allowing the creation of dynamic NFTs and unbiased on-chain gaming applications,
•	Proof of Reserve- supplying proof of off-chain collateral that supports stable coins and cross-chain tokens,
•	Keeper Network- transaction automation bots that deliver independent DevOps services.

The newly published Chainlink 2.0 whitepaper also widens the abilities of Decentralised Oracle Networks (DONs). It explains how the Chainlink network matures to deliver tamper-proof data and secure off-chain computation. Chainlink oracle networks allow the creation of highly scalable and privacy-preserving hybrid smart contracts that connect on-chain and off-chain infrastructure.

The latest scalability upgrade of the Chainlink network, Off-Chain reporting, reduced oracle updates' gas prices by 90%, representing the first move towards attaining the plans mentioned in the whitepaper.

## Chainlink Technology
 
The decentralised oracle network Chainlink allows smart contracts to safely interact with real-world data and services beyond the blockchain networks. Like blockchain, Chainlink is not a monolithic network; rather, it is an infrastructure and framework for creating blockchain-agnostic oracle networks that extend the capacities of blockchains and layer-2 protocols.

Chainlink oracle network comprises multiple autonomous oracle nodes that assemble data from various autonomous data deliverers, aggregate it into a single data point, and supply it on-chain to be consumed by smart contracts. Chainlink's adaptable architecture allows for highly configurable oracle networks that can be composed of any preference of data providers and node operators that use distinct network parameters such as update frequency, fee payment amounts, and more.

Chainlink nodes are used by experienced DevOps infrastructure providers, top-notch companies, and professional data providers who deliver smart contracts with access to cryptographically signed data for further security assurances. Because of its adaptable infrastructure, Chainlink can deliver any data or computation to any smart contract application functioning on any blockchain network.

## Chainlink News

Chainlink (LINK) is currently selling at $15.38 in its USD rate. LINK has a complete market cap of $7,181,227,454 with the 24-hour bartering volume of $423,830,966.00. This data makes Chainlink (LINK) rank 23 in the crypto coin market.

In 2022 forecasts, the LINK price is predicted to cross an average price level of $20.58. Chainlink's anticipated minimum price value by the end of the present year should be $19.99. Moreover, LINK can attain the highest price level of $22.56.
 



Chainlink News, History, and Technology

This week we watched as the [Bitcoin](/coins/btc) price crashed to its lowest level in almost a year, infamously going along with the stock market plunge.

This, however, isn't unexpected and can be attributed to the Federal Reserve's tightening its grip on the overall economy. Last week, Fed Chairman Jerome Powell stated the central bank accepted a half-percentage-point interest rate rise in an attempt to restrain inflation that reached its record heights in the last 40 years.

Constant rising inflation, paired with a heavy growth of the interest rates, creates one of the most significant short-term dangers for the American economy. The Fed also cautioned that the Russia-Ukraine conflict could represent a dangerous threat to the country's financial stability.

The central bank said that more 'adverse surprises' in interest rates and inflation could affect the financial system negatively, especially if they are accompanied by economic activity declining.

The rest of the algorithm is pretty clear - as the Fed raises rates, the U.S. Dollar Index became the strongest in the last 20 years.

The Crypto community is not happy with the Fed's supremacy over the digital currency markets. Bitcoin's price crashed by 17% in April - the worst monthly performance this year. The biggest cryptocurrency by its market cap completed six consecutive red weekly candles, a phenomenon that hasn't happened since 2014.

However, solace of a kind is found in the fact that crypto prices are following equities, especially tech stocks. This means that the fall isn't the direct result of investors not believing in crypto. Still, it shows that Bitcoin is still not considered a hedge against inflation.

## Fears of Crypto Winter

Analysts argue about what could happen next. Some are afraid of repeating the crypto winter 2018, while others claim the crypto sector is in a better condition now than it was four years ago.

Still, the geopolitical situation is far from ideal. Last year was marked by a COVID pandemic that boosted virtual finance and resulted in altcoins jumping more than 5,000%. This year, we are witnessing an exodus from the crypto market.

At the time of writing, Bitcoin was trading at more than 40% lower than its all-time high. It won't be easy to HODL and many will be tempted to sell. 

However, to sell a loss, you're limiting yourself from profiting.

The Fed may be a big deal, but it isn't the only regulator of the digital currency market. The whole sector is still in diapers and we're still waiting for it to be regulated.

## Crypto Not Losing Its Grip

Be that as it may, we doubt the crypto market will lose its grip. However, some investors may reallocate from Bitcoin or gold to the dollar in the short term. Still, it is believed that Bitcoin will still be guided mainly by basic factors, such as an increase in users and network usage.

On the other hand, Bitcoin bulls will most probably take advantage of the Fed's move and, almost regardless of price, buy the dip.



 Bitcoin Price Crash After Fed Raises Rates

If you want to know the best cryptocurrency to invest in, should you really ask a celebrity?

The popularity of cryptocurrencies has seen many celebrities embrace them. Some celebrities choose only to promote the coins, while others have taken the bold step of investing in the coins.

Matt Damon, Reese Witherspoon, and Kim Kardashian are a few celebrities promoting different cryptocurrencies. Floyd Mayweather, Kanye West, and Paris Hilton are some celebrities who have already invested in various cryptocurrencies.

## Celebrities in the Crypto Market

Celebrities, like everyone, are allowed to invest in whichever asset they wish. However, their involvement in the crypto space has solicited different reactions from different people.

Some people believe celebrities’ involvement in the crypto market is good. They can help grow the market by influencing people to join it. 

Other people look at celebrities in the crypto space as bad, especially those only promoting the coins and not investing in them.

Using their popularity and influence, celebs and social media influencers can easily mislead their fans into investing in the wrong cryptocurrency.

For example, [according to a lawsuit filed in California](https://www.cbsnews.com/news/cryptocurrency-kim-kardashian-celebrity-pump-dump-lawsuit/#:~:text=Celebrities%20Kim%20Kardashian%2C%20former%20NBA%20star%20Paul%20Pierce,for%20themselves%2C%20a%20lawsuit%20filed%20in%20California%20alleges.), Kim Kardashian, Floyd Mayweather, and former NBA star Paul Piece are celebrities accused of using their fame to promote a little-known cryptocurrency called EthereumMax as part of a large scheme to defraud investors while profiting.

## Celebrities Influencing Crypto Investment

Elon Musk is known for influencing the crypto market with a single tweet. He is best known for influencing the price movements of [Dogecoin](/coins/doge) and [Bitcoin](/coins/btc).

He tweeted on February 4, 2021: "Dogecoin is the people's crypto". The tweet increased Dogecoin's price by 10% within an hour and 50% within a day.

On April 28, 2021, Elon tweeted: "The Dogefather." The tweet, alongside the endorsement of billionaire investor Mark Cuban, increased Dogecoin prices by 30%.

In the case of Bitcoin, in March 2021, Elon tweeted: "You can now buy a Tesla with Bitcoin". The tweet enabled Bitcoin to reach nearly $65,000 within a month. In June 2021, Elon tweeted that he had fallen out of love with Bitcoin. The tweet sent Bitcoin price plummeting by 4%.

Even in 2022, Elon Musk's tweets continue to affect the crypto market. Because of his influence, many people await his tweets to make crypto investment moves.

Gwyneth Paltrow, Paris Hilton, Mike Tyson, and Tom Brady are other celebrities who have tweeted promoting various cryptocurrencies.

## Fake Celebrity Endorsement

Scammers have also taken advantage of the increase of celebrities in the crypto market. Some scammers use celebrity images and names to promote fake coins to unsuspecting people.

Before clicking on that pop-up ad, it's always best to do further research to know if the celebrity on the ad promotes the cryptocurrency or crypto platform.

Facebook is currently in trouble for allowing fake celebrity endorsement posts using pictures of TV stars to promote crypto scams. A lawsuit against Meta, Facebook's parent company, claims the company was aware of the fake ads but didn't take any action.

## Conclusion

Celebrity involvement in the crypto space has its pros and cons. However, a celebrity endorsement of a particular cryptocurrency should never be why you invest in the coin. The best cryptocurrency for you to choose to invest in is one you've researched and are confident about.
 
 
 
 
 



Best Cryptocurrency to Invest In?

It is time to take a serious look at Fantom crypto.

Since the inception of blockchain technology, we have seen many players come and go. We have also seen some new platforms come and make a name for themselves as the go-to blockchain service for many businesses, developers, organisations, governments, users, and, ultimately, projects alike.

These were platforms that started small and then blew up because the market loved what they had to offer.

Naturally, the uses and applications of a blockchain can either be limited or innumerable. However, as we all know, it is a numbers game, and Fantom has proven to us why its deserves its seat at the table.

Casually, anyone can mention that the most popular blockchains right now are [Ethereum](/coins/eth), Solana, and Polygon - assuming this was early 2021.

That changed later in '21 when the crypto market gave rise to the price of the Fantom token, aka FTM, sending it to as high as almost $2!

One may say $2 per token is such a small amount, but, in reality, it says that this asset has every right to say "to the moon". This is especially so since its three billion tokens in circulation are just about six times more than the 510 million Solana tokens in circulation.

If you draw a table and compare both blockchains and their tokens, you may find very little to disqualify Fantom.

The question now becomes: What is Fantom and why is their token so valuable at such an early stage?

FTM is valuable because Fantom is a web3 playground. Anyone who understands web3 knows that it is an entire ecosystem of decentralized exchanges, Defi, NFTs, the metaverse, cross-chain bridges, tools, lending and financing, and, most importantly, wallets. The fascinating thing here is that Fantom is supported on popular platforms you may know.

## Let’s take a look at a few of them:

•	DEXs: [Sushiswap](https://app.sushi.com/swap), CurveFi
•	Bridges: Everbridge, Multichain
•	Lending & financing: Alpaca finance, Tarot
•	NFTs: Paintswap, NFTKEY
•	Tools: 0x, Nansen
•	Wallets: Metamask, Coinbase

Consequently, the reward for involvement and participation in the web3 space is massive adoption. Building for web3, building inclusive products, and building an inclusive ecosystem are something the most successful blockchains right now all have in common. They understand that the needs of the people come first, and the only way to gain relevance that lasts is to build infrastructure that allows others to function efficiently and scale.

This is what makes FTM such a sought-after token by crypto HODLers and traders worldwide. Not just because its blockchain makes transactions super fast, but mostly because it makes DeFi seamlessly easy to use. This is due to their highly efficient smart contracts that have been integrated with platforms like Chainlink, Band Protocol, and Covalent, to mention a few.

What makes Fantom such a typical web3 playground is in its nature; the very features, integrations, and use cases that are visible with robust players like Ethereum and Solana, are also clearly identifiable in Fantom.

It is little wonder that the FTM coin has seen massive adoption in recent months, with many speculating that it may reach and probably surpass the $4 mark by the end of 2022.
 



Fantom Crypto is Becoming a Web3 Playground

Bitcoin saw more than 19 million coins of the 21 million maximum supply in circulation at the beginning of April 2022. This has made it easy for miners to answer the question, 'how many [Bitcoins](/coins/btc) are out there to mine?'.

Bitcoin is the most popular digital asset, and the largest by market capitalisation.

## What happened?

On April 1, 2022, SBI Crypto mined the 19th million block, which was termed '730002'. As of writing, BTC's circulating supply was 19,017,800. This milestone has sent waves across the crypto finance market, with many novices or beginner traders asking how many Bitcoins there are. When Satoshi Nakamoto created Bitcoin in 2009, he released a maximum supply of 21 million BTCs.

## Why is it important?

Fewer than 2 million BTCs are left to be mined. This provides closure to investors and miners that want to know how many Bitcoins are there now.

Bitcoin is involved in millions of transactions daily.

Although it would take until the year 2140 before the last BTC is mined, the attribute of scarcity has started trending across social media and search engines (DuckDuckGo, Bing, Yahoo Search, and Google).

Since scarcity is an attribute that confers value on a currency, in addition to durability, non-counterfeitability, utility, divisibility, and transferability, many stakeholders of the crypto finance space have started making bullish forecasts about the digital gold.

Among them is New York-based certified public accountant Kate Waltman, who specialises in crypto and predicted a $100,000 valuation for BTC in 2022.

Jurrien Timmer, the global macro director at [Fidelity Investments](https://www.fidelity.com/go/join-fidelity-investments?imm_pid=700000001009130&immid=100742&imm_eid=ep6546361576&msclkid=689d26d656f11e95ca4344ac6e1e3c35), projects BTC could reach $100,000 in 2022.

Bitcoin could command the least possible price of $100,000 and the best possible price of $150,000 by the close of 2022, per the analysis of Ian Ballina, the founder of Token Metrics (a crypto research and media company).

Blockchain data analyst Matthew Hyland foresees BTC reaching the $100,000 price milestone in 2022.

The chief executive officer of Parallax Digital (digital assets marketing and consulting firm), Robert Breedlove, believes BTC has the potential to reach $12.5 million in 2031.

## Bitcoin’s driving factors that could lead to a rally in 2022

As of writing, there are more than 19,000 cryptos on the market. Since BTC is the first blockchain-backed cryptocurrency, it is not surprising to come across questions such as how many types of Bitcoins are there.

There is one Bitcoin and its price patterns affect other tokens, which are collectively called alternate coins (altcoins).

Although Bitcoin is a primary driver of the price of thousands of coins, these drivers need to kick in for experts' valuations to come to fruition in 2022.

The aura of scarcity will undoubtedly throw more liquidity into Bitcoin. In addition to this, mainstream adoption of Bitcoin will play an invaluable role in the token’s valuation. What’s more, the improvement of Bitcoin’s ecosystem with the triggering of the Taproot upgrade in November 2021 could see more decentralized applications and protocols (dApps) add more weight to the token.

With the clampdown on mining rigs by China and India, Bitcoin will thrive in more mining-friendly countries so that more coins will be added into circulation.

You should not forget that as proof-of-work (POW) networks, Ethereum mining revenue beat Bitcoin in the first quarter of 2022.
Lastly, Bitcoin could reach new milestones if favorable regulations are implemented.

Billions of people still consider BTC as a coin that is involved in dark web activities due to its appearance in several cybersecurity reports.

Once BTC gains the backing of major economies globally, it would be easy for the token to spike and reach new high highs.

As of writing, BTC still trades in a bearish cycle and needs whales/institutional investors to push its price to new milestones.

## Frequently Asked Questions 

### How many Bitcoins are available? 

There are 1,892,200 BTCs left to be mined as of April 21, 2022.

### How many Bitcoins are there in total?

There are 21 million BTCs in maximum supply.

### How many Bitcoins were there in 2010?

The first block was mined on January 9, 2009, and consisted of 50 Bitcoins. By the end of 2010, there were approximately 3,396,000 BTC mined.


How many Bitcoins are there? Just 9% left!

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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