As decentralized finance (DeFi) continues to shape the world of finance, many cryptocurrencies have entered the market. One such is SPELL, the reward token for the DeFi protocol Abracadabra. Read on to find out how to buy Spell Token.

It's one of those small altcoins in the crypto market with huge potential. While moderately sized, it plays a crucial role in the lending and borrowing platform [Abracadabra.money](https://abracadabra.money/). The token is built on the [Ethereum](/coins/eth) network, so it's an ERC-20 token.

However, before we dive deep into buying Spell Token, let's look at some fundamental knowledge.

## What is Spell Token? 

Decentralized lending platform Abracadabra.money offers two tokens - Spell Token (SPELL), the native token, and Magic Internet Money (MIM), a stablecoin pegged to the USD utilized to fund user loans.

Spell Token is the native token that can be farmed by providing liquidity in one of the pools and also staked to accrue the share of gas fees on the Abracadabra platform. The token has a total supply of 210 billion, with [105 billion](https://coinmarketcap.com/currencies/spell-token/) currently in circulation.

After making an investment in the Spell Token, users have voting rights and a say in how the project is run. You can influence decisions in direct proportion to how much SPELL you hold. Investors receive 75% of the trading charge, with the remaining 25% going to other uses.

Additionally, Abracadabra provides users with yield farming possibilities. By acting as liquidity providers, users can farm SPELL tokens and improve the liquidity of specific cryptocurrency pairs, such as ETH-SPELL and MIM-3CRV. Additionally, users can open leveraged farming positions by using borrowed MIM.

## What problem does the Spell Token solve? 

As stated, SPELL is the native token of the Abracadabra ecosystem. Hence, it plays an important role in the functionality of the project. Here are the major two:
 
## A reward token 

SPELL's primary purpose in the ecosystem is to serve as the reward token for Abracadabra.money users. The token serves as an incentive to help ensure user loyalty and support. This, in turn, aids the growth and price stability of the platform.

## A lender token 

Users can farm SPELL on the platform via staking, yield farming, depositing collateral, and borrowing Magic Internet Money (MIM). All of this enables higher liquidity for specific cryptocurrency pairs, including ETH/SPELL and MIM/3CRV.

## How to buy Spell Token

There are many crypto exchanges that trade in SPELL. Prominent among them are Coinbase, Binance, FTX, OKX, and Bybit.

In a few minutes, you can acquire as much SPELL as you desire. Just follow these simple steps.

1.	Do your research: 
Buying the Spell Token is easy, but you've to compare which exchange offers the best in terms of low fees and around-the-clock support.

2.	Open an account: 
Once you have been able to figure out which crypto exchange to use, you can then create an account with the exchange. This will require you to verify your email address and other necessary KYC requirements.

3.	Make a deposit: 
Once your account is created and verified, you can deposit your local fiat currency as accepted by the crypto exchange.

4.	Buy SPELL: 
With your deposit, you can now exchange your funds for SPELL.

## What do you need to buy SPELL? 

Generally, you only need your email, phone number, and other KYC requirements to buy cryptocurrencies on [crypto exchanges](/news/article/best-crypto-exchange-uk-reddit). The documents needed may include proof of address and proof of identity documents to verify you on those exchanges.

After you've been verified, you can buy cryptocurrencies like SPELL. However, it's advisable that you activate two-factor authentication to protect your digital assets from cyberattacks.

## To buy or not to buy? 

Since the general crypto market plunged into the [crypto winter](https://www.forbes.com/advisor/investing/cryptocurrency/what-is-crypto-winter/), DeFi tokens have suffered significant losses. The price momentum that the Spell Token gathered over the last year has almost fizzled out.

The utility that SPELL offers within the Abracadabra.money ecosystem is a key driver of the token's growth. However, negative market conditions have turned the token towards a bearish trajectory, pushing the price lower.

However, future growth is imminent. New technological solutions, a more bullish market, and more utility are some factors that may shape the future of the token. To reap future benefits, investors should consider investing in Spell Token. Please do your own research before investing.



green skyline with floating altcoin logos. Speel token logo is central

How to Buy Spell Token

First, let me tell you what the [Flare Network](https://flare.xyz/the-flare-network/) is. It is a new blockchain network researching the future of blockchain technology. It makes it possible to use XRP tokens with smart contracts. Spark Token is Flare's native token.

## More about the Flare Network

It is a distributed network integrating the Ethereum Virtual Machine (EVM). At its core, EVM transfers smart contracts into instructions that computers can read, allowing the network to run complete Turing intelligent contracts.

Being fully Turing means that this contract can handle any computational task if there is a large enough memory to run the smart contract. In short, Flare helps to be a way to scale intelligent contract networks.

It uses a consensus protocol called Avalanche, adapted to work with the Federated Byzantine Agreement (FBA). FBA is a consensus mechanism used by networks such as XRPL and Stellar.

Flare's consensus algorithm does not use economic tools such as Proof of Stake (PoS) to protect the network’s security.

The new blockchain network allows the network token to have different uses. The originators of Flare said that this design choice brings variety to the token without compromising security.

## Launch date

With the new announcement from Flare’s team, the protocol is getting closer to decentralised management.

The date of transition to airdrop and beta mode was set as 24 October. The group released an official announcement stating that the protocol is moving to decentralised management. The network will run in beta mode for the next six to nine months.

Most of the processes needed to create the Flare Network have been done. According to the Flare team, it is now in the monitoring phase and has passed several previous phases without any flaws or problems.

## The Flare Network size

Do you want to know how extensive it will be?

It will create 100 billion Spark tokens, reflecting the quantity of XRP. Around 45 billion XRP tokens don’t belong to Ripple labs. The distribution aims for XRP holders to claim around a 1:1 amount of Spark to their XRP holding other than Ripple.

## How does the Spark token (FLR) work?

Spark token (FLR) is the cryptocurrency of the Flare Network. It is a project implemented with a usage fork in the XRP network. Spark tokens continue to operate as the cryptocurrency of the Flare Network ecosystem.

It is stated that this platform is a system that works to make the XRP ecosystem better. As it is known, smart contracts are a service offered to users on the leading altcoin Ethereum (ETH) network.

Thanks to smart contracts, new crypto-money projects are allowed to step into the market. It is possible to attribute the value of ETH to this service.

## How to buy Spark token (FLR)?

To invest in the Flare Network or buy Spark Token, you could simply buy a Flare token. To learn more about that, you can visit [CoinMarketCap](https://coinmarketcap.com/) and research where you can buy the Flare token.

It is very difficult to follow the movements of Spark token (FLR) in the market from existing web resources. According to the data on the team's website, this cryptocurrency works with many exchanges.

However, the information on which platforms the FLR tokens are listed on or where they are traded is not included. It is possible to buy this [cryptocurrency](/news/article/cryptocurrency-losses) through the Flare Network.

The Flare Network has already been met with optimization from the crypto community because it’s the system mechanism. A promising future awaits it in the cryptocurrency and blockchain community.


blue chains image with flare logo in foreground

Flare Network Explained

What's going to happen with HNT price? HNT - Helium Network Token - is the native cryptocurrency of Helium, a blockchain-powered network for the Internet of Things (IoT) devices.

The cryptocurrency is used to reward hotspot operators for their work. Hotspot operators are individuals running Helium hotspots, devices that provide wireless coverage for IoT devices.

According to [Coinmarketcap](https://coinmarketcap.com/currencies/helium/), the HNT price is currently $3.92 and it is ranked the 79th largest cryptocurrency in the world, with a live market cap of $508,456,831 (9th December).

Like most cryptocurrencies, it has a max supply cap. Only 223 million of the coins will ever exist. There are currently 130,043,691 of them in public circulation.

## HNT price history

HNT tokens first entered the crypto market in July 2019, each priced at $0.27. However, they were first recorded on Coinmarketcap on 8 June, 2020. At the time, each of them was worth $0.2735.

On 13 August, 2020, they began to trade above $1. The highest HNT price reached that year was $2.30, for a very short while. They ended 2020 trading at $1.30 each.

2021 was a good year for the [tokens](/news/article/time-tokens). They began the year priced at $1.30 each. By late January, they were already trading above $2. By the beginning of February, they had appreciated, trading above $3. For a few days in February, they traded above $4, ending the month worth $4.18.
 
By mid-March, they had begun trading above $6, then $7, then $8, ending the month at $10.50 each. They would continue to appreciate and begin trading above $20 on 19 August.

By 4 November, the cryptocurrency had begun trading above $30. For a few days, they traded above $40 and $50, but ended the year priced at $37.86 each. It is worth noting that 2021 was a good year for the entire crypto market. Plenty of cryptocurrencies experienced a bull run.

So far, 2022 hasn’t been the best of years for this cryptocurrency. It began the year at $37.90, later appreciated and traded above $40, but then dropped in price and ended the month at $27.84.

In February, the tokens appreciated for a few days to trade above $30, then dropped and ended the month priced at $25.73 each. They began trading below $20 in April. By 13 May, they were trading at $8.70. The last time they traded above $10 was 29 June.

## Is HNT a good investment?

Several crypto prediction sites are hopeful about this cryptocurrency and consider it a good long-term investment option.
[Changelly](https://changelly.com/blog/helium-price-prediction/) predicts it might trade at an average price of $6.23 in 2023, $9.38 in 2024, $14.04 in 2025, $20.40 in 2026, $35.35 in 2027, $45.19 in 2028, $67.60 in 2029, $101.13 in 2030, and $152.76 in 2031.

[CryptoNewz](https://www.cryptonewsz.com/forecast/helium-price-prediction/) predicts HNT might trade at a minimum price of $7.20 in 2023, $13.50 in 2024, $18.40 in 2025, $21.00 in 2026, $22.90 in 2027, $28.70 in 2028, $35.80 in 2029, and $51.00 in 2030.

According to [Priceprediction](https://priceprediction.net/en/price-prediction/helium), the token might trade at an average price of $6.33 in 2023, $9.38 in 2024, $14.04 in 2025, $20.40 in 2026, $30.51 in 2027, $45.19 in 2028, $67.61 in 2029, $101.14 in 2030, and $152.78 in 2031.

[Captainaltcoin](https://captainaltcoin.com/helium-hnt-price-prediction/) also predicts a bullish future. According to the site, HNT might be worth $14.81 in 2023, $29.79 in 2024, $60 in 2026, $75.41 in 2027, $90.82 in 2028, and $106.23 in 2029.

[Cryptopredictions](https://cryptopredictions.com/helium/) predicts the tokens might begin 2023 trading at an average price of $5.994 and end the year worth $5.762. They might end 2024 worth $9.179, 2025 worth $11.44, and 2026 worth $12.595.

Compared, Changelly and Priceprediction seem to have similar HNT price prediction stats. Captainaltcoin, however, predicts a more promising future for the coins. Cryptopredictions does not predict as promising a future for the coins as the other crypto prediction sites.

It is worth noting that considering the volatile nature of the crypto market, the prediction stats are highly unreliable for investment decisions. However, they help give some indication of where this digital asset might head in the future.

## How to get the tokens

There are two ways to get the tokens. Firstly, they can be bought across several crypto exchanges, including KuCoin, Binance, and Gate.io. Binance allows users to purchase the tokens with credit cards, bank deposits, and through several third-party payment channels.

The tokens can also be acquired by becoming a Helium hotspot owner. The devices provide wireless network coverage for IoT devices. They also help secure the Helium network. Once you buy, plug in, and run the hotspot devices, they start mining HNT. The devices are available for purchase online.

## Conclusion

Considering the current price, HNT tokens have some work to do to return to their glory days or better. The coins have had their ups and downs. While some people might have lost hope, some prediction platforms encourage holding on a little longer for possible positive results.

Note that this is not financial advice, but the author's opinions. Before investing in any crypto asset, always take the time to do your own research.



green image of cryptocurrency coins with helium hnt logo overlayed

HNT Price Predictions

Wondering what crypto to buy now? If you're looking to purchase cryptocurrency while the market is deep in the throes of bearish momentum, there are a few things to consider.

First, what are your investment goals? Are you looking to invest in a new currency, or are you looking to speculate on future price movements?

## What crypto to buy now

If you're simply looking to invest, then you might want to choose a relatively stable crypto. And if you're looking to speculate, then you'll want to choose an asset with a high potential upside.

Of course, you'll also want to consider transaction fees, security, and liquidity. Overall, a mix of crypto assets is most appropriate for a balanced investment portfolio.

But with thousands and thousands of coins available in the market today, choosing the best cryptocurrency is no easy task. So, today, we will help you see which crypto projects are the most valuable and have the most potential.

## Bitcoin (BTC)

The undisputed king of the crypto market, Bitcoin is the most well-known and popular cryptocurrency, so it tends to be more expensive to buy and sell. With a market cap of more than $400 billion, Bitcoin is the largest crypto asset.

Bitcoin was first proposed in 2008 by the pseudonymous Satoshi Nakamoto. It has since grown to become the most valuable cryptocurrency in the world, with its market capitalisation surpassing $1 trillion during the height of the bull market.

As of writing, BTC is trading at around $21,000, down 69% from its all-time high (ATH). While Bitcoin has one of the least upside potentials among the major cryptocurrencies, it is the safest bet in the crypto market.

Even though there are thousands of other cryptocurrencies in the market, Bitcoin still represents 36.9% of the cryptocurrency market cap. Bitcoin has also shown consistent value growth throughout the years, pretty much like any other leading cryptocurrencies on the market. 

## Ethereum (ETH)

[Ethereum](https://ethereum.org/en/) is an extremely popular cryptocurrency that is the base for all the innovation happening in decentralised finance (DeFi), non-fungible tokens (NFTs), decentralised autonomous organisation (DAO), GameFi, and Metaverse.
Sitting at the second spot, ETH has a market cap of $200 billion. The price of Ether, meanwhile, is down over 66% from its ATH.

The Ethereum network now has hundreds of cryptocurrency projects built on it, making Ethereum one of the most valuable cryptocurrencies in the market. In addition, the network constantly goes through improvements, and the latest upgrades, "The Merge" and EIP-1559, have effectively made the native currency ETH a deflationary asset.

## Binance Coin (BNB)

While Bitcoin is an excellent choice for aspiring crypto investors who wish to buy a well-established crypto with a history of growth over time, it's mainly for long-term investments. That's where coins like BNB are a great way to get the most upside.

BNB is the native coin of the largest cryptocurrency exchange Binance. The trading platform uses a burning mechanism to remove BNB's total supply, and the more people use its blockchain BSC, the more BNB gets burned.

The coin is currently down 48.5% from its ATH over a year ago.

## Dogecoin (DOGE)

If you are looking for quick and serious gains, you don't want to miss out on this coin. Dogecoin is one of the best meme-based cryptos to create some millionaires and billionaires in recent years, thanks to support from respected celebrities such as Elon Musk, who has voiced his support of the cryptocurrency on an ongoing basis.

Musk is partly responsible for Dogecoin's huge rise, having called it his favourite crypto, but at the same time, the tech billionaire is also responsible for marking the top of the DOGE in May. So, you have to be careful with this coin and, of course, keep an eye on Musk's Twitter for mentions of anything remotely associated with DOGE.

Currently, down 83% from its ATH, Dogecoin is one of the most famous cryptos, positioning itself as the best-undervalued cryptocurrency to invest in due to its potential upside.

## Polygon (MATIC)

Polygon is a powerful infrastructure layer for Ethereum that enables Ethereum scaling and Dapp development. It is a Layer 2 solution that uses Ethereum as its base layer and enables Ethereum scaling through sidechains. Moreover, it's also home to 50k Dapps and billions of dollars-worth of assets.

This crypto project is particularly known for its partnerships with well-known companies such as Meta (formerly Facebook), Starbucks, Robinhood, Stripe, Adidas, and Flipkart. These partnerships help its native coin MATIC rally, down about 59% from its ATH of $2.92, which it hit less than a year ago.

## Cardano (ADA)

One of the best-performing cryptocurrencies, ADA boasts a $15bn market capitalisation. The coin is down more than 86% from its ATH above $3, making it a potentially profitable investment. 

While the Cardano network may be slow in keeping up with the crypto market advancement, the promise of delivering these lofty goals makes ADA attractive among investors.

## Ripple (XRP)

XRP currently sits at sixth position while its value is down 85% from its ATH of $3.40 hit five years ago. The digital assets' price has been relatively flat for several years, with the biggest issue being litigation.

After the SECs sued Ripple and its two top executives for reportedly selling unregistered securities (XRP), many crypto exchanges removed XRP from their platforms. But with many entities, including Coinbase, backing Ripple and [rising optimism about a Ripple victory](/news/article/sec-vs-ripple-news) has once again placed XRP on the list as the best cryptocurrency to watch. 

## What crypto to buy now conclusion

Some of the honourable mentions include layer 1 giants Polkadot (DOT) and Solana (SOL), and privacy coin Monero (XMR). You can purchase these cryptocurrencies via many exchanges, like Coinbase, Binance, Kraken, Gemini, and FTX. 

On these trading platforms, you can find not only the most popular coins, but also the most obscure ones.

While investing in cryptocurrency is still very much a speculative endeavour, the above-mentioned cryptos are some of the best projects in the market today. However, always remember that crypto is inherently volatile, so exercise extreme caution when allocating part of their portfolios to cryptocurrency.

Ultimately, there is no one "best" cryptocurrency to buy. It depends on the investment goals and risk tolerance you have. Do your own research and choose the cryptocurrency you think is right for you.


What Crypto to Buy Now?

Before considering what impacts on Sologenic price, we need to understand the platform. [Sologenic](https://www.sologenic.com/) is a platform built on the XRP ledger with the aim of merging non-blockchain assets with crypto assets. Sologenic also offers a low-cost, on-demand, secure tokenisation of these traditional finance markets on a distributed ledger or blockchain.

These assets can then be traded like every other cryptocurrency using Sologenic's decentralised exchange (DEX). This means that institutions and individual users can trade crypto assets like XRP and SOLO (Sologenic's native token) against traditional finance markets.

Sologenic's Asset Tokenisation platform has more than 40,000 stocks, ETFs, and commodities tradable across three continents, which it tokenises.

## How Sologenic changes the game

Sologenic’s [whitepaper](https://www.sologenic.com/downloads/sologenic-whitepaper.pdf) points out specific challenges and bottlenecks that give a logical reason for their platform’s solution.

The first is the limitation of most economic markets to their regions. It is difficult to do cross-border value exchange, which can help people to make foreign direct investments from anywhere in the world, especially for small, individual investors. Sologenic hopes to democratise this process through its Assets Tokenisation Platform.

Another challenge highlighted is the limitation caused by low financial literacy in many economies and high platform costs for many trading platforms.

The major highlight of this solution is that there are no technologies or trading platforms available for cross-asset trading, that is, between crypto and fiat or other traditional commodities.

The solution aims to address these challenges by making their platform simple, secure, fast, and easily accessible. Sologenic price for trading fees is also low compared to traditional trading.

## Combining blockchain benefits for traditional markets

At the core of the Sologenic platform is the application of blockchain technology and its benefits to existing traditional assets.
To make this possible, Sologenic has a decentralised exchange module, an asset tokenisation module, a blockchain module, and an order fulfilment module.

## How to predict Sologenic price

Like many other cryptocurrencies, Sologenic (SOLO) price is directly related to its use. If Sologenic's Asset Tokenisation platforms have increased traffic and usage, there will be more demand for the SOLO coin, causing an increase in Sologenic price.

Sologenic price can be affected by the overall trend of crypto markets. Since it trades traditional assets, it can also be affected by the stock market and other traditional markets.

To accurately predict Sologenic prices, you can start by analysing its price history as a helpful reference and comparing it to other crypto and stock market prices.

## Sologenic price and the future 

SOLO is created by users [staking](https://www.sologenic.com/ecosystem/expansion-fund) it in the SOLO Savings Program (SSP). The [market cap](/news/article/what-is-market-cap-cryptocurrency) of the SOLO coin is 400,000,000. The platform has an expansion plan called the SOLO Expansion Fund (SEF), which aims to include SOLO's global reach, protecting initial investors and increasing Solo's price. A portion of this fund is to stabilise the Sologenic price.

## Conclusion

Sologenic was founded by [Bob Ras](https://www.sologenic.com/downloads/sologenic-whitepaper.pdf) and Reza Bashash, with Bob as CEO and Reza as CTO. Sologenic.com is a part of the Sologenic ecosystem, as it is called. The Sologenic ecosystem offers other blockchain solutions and manages an [NFT marketplace](https://sologenic.org/nfts/marketplace).

Sologenic price today will depend on various facts like crypto market trends and current activity, stock market trends and current activity, your trader's appetite, and the overall use of the Sologenic platform.


sologenic logo and crypto token background

Sologenic Price and the Future of Tokenisation

Kava Crypto project is of great potential and can transform the DeFi space. But can the project compete with the big boys in Web3?

There is no shortage of DeFi protocols that offer users decentralized collateralized loans. Still, regarding user experience and trust, only a few protocols stand out, including Kava. 

## Kava crypto project recap 

As a protocol seeking to become the de facto DeFi platform in Web3, the Kava crypto project offers its users CDP or collateralized debt positions. This allows users to borrow against their collateral which can be in one or more coins (up to four). Collateral can be in BTC, ATOM, BNB, or XRP. This is where Kava stands out, as it makes it easier for users to take out loans.

## How does lending work on Kava? 

Since Kava is built on the [Cosmos](/news/article/cosmos-crypto-explained) blockchain, users lock their cryptocurrencies on smart contracts deployed on Cosmos. Users can then borrow against their locked assets in the form of USDX. This is the stablecoin of the platform, which is pegged to the USD. Of course, all loans are over-collateralized due to the volatile nature of the crypto market.

If users want to earn interest on their assets, AKA lend them to others, they can do so and earn the interest in the shape of $Kava.

## You can use the platform to:

•	Borrow against your collateral and pay bills, buy things or re-invest that leveraged money (highly risky).

•	Earn interest on your stored assets.

This saves a lot of people from having to liquidate their sets when they need the cash urgently.

## Kava crypto: $KAVA 

The project relies on [Proof of Stake](/news/article/pos-vs-pow) as its consensus mechanism and $KAVA is the Kava crypto’s token. There are currently 320 million $KAVA circulating with no maximum supply. The token’s price is currently trading at the $1 mark (5th December 2022).

Initially a BEP-2 token, now it is living on the Cosmos Hub. [You can earn up to 38% staking $KAVA](https://www.stakingrewards.com/earn/kava/), depending on how many tokens you are staking. Delegation is available and can be done quickly via [Binance](https://www.binance.com/en), which has a validator node running for the Kava project.

## Current challenges 

Although the Kava crypto project completed [the ETH bridge launch](https://www.youtube.com/watch?v=yDQPsCr3RBg), it is yet to release the BNB chain bridge in Q4 of 2022. With the [latest developments in the market](/news/article/ftx-exchange-under-investigation), the project will face hardships in committing to its planned roadmap. So far, the project has successfully put checkmarks on almost all of its milestones, but will it survive through the current bloodbath?

Another concern is [USDX's](https://www.gate.io/blog_detail/1049/USDT--DEI---Kava-Network-Stablecoin-USDX--also-Suffer-Depeg-Amidst-UST-Blood-Bath) de peg last May which is still hurting the project as USDX never fully recovered its peg to the USD 1 to 1. 

Currently, USDX is trading at $0.88, almost 12% less than the USD's value.

The Kava crypto project holds some advantage over its competitors, especially when it comes to the [Tendermint](https://www.gemini.com/cryptopedia/cosmos-ignite-crypto-consensus-tendermint-ecosystem) consensus mechanism. 

However, the DeFi space is only getting more competitive by the day as more protocols deploy creative solutions to attract users. Will Kava’s focus on the long game and its partnerships with Binance and XRP save it from becoming the next victim of this bear market?


Kava Crypto: Does it Stand a Chance in 2023?

[Gnox](https://gnox.io/) is a DeFi investing platform that helps users streamline crypto investing while generating passive income through yield earning, lending, and other decentralized protocols. Powered by the native GNOX utility token, the Gnox platform runs on BNB Smart Chain (BSC). There are more than 200 million tokens in the GNOX token sale, i.e., almost 80% of the total supply. Users need to pay a 10% tax for each Gnox transaction.

## How does Gnox crypto work?

Gnox helps make DeFi investing accessible to crypto users who might just be getting started with the decentralized finance space. Gnox uses treasury funds to enable investments across crypto borrowing and lending services, the [NFT sector](/news/article/free-nft-giveaway-legit), and pools of tokens providing liquidity.

[Gnox makes up to 500% yield](https://docs.gnox.io/gnox.io/why-defi-treasury) for its liquidity-providing service. The company plans to harness the power of multichain functionality to unlock the true potential for high yields on Ethereum (ETH), BSC, Avalanche (AVAX), Fantom (FTM), Near Protocol (NEAR), Cronos (CRO), Velas (VLX), etc. With Gnox crypto, you get up to 50% APR.

## Gnox crypto: supply, price, and token sale

Currently, there are 206,000,000 GNOX tokens, represented by the $GNOX symbol. The value of the Gnox token during the GNOX sale climbed from $0.100 to $0.015. In the second phase, Gnox tokens were sold for $0.016. Now, with a Gnox crypto pricing of 0.016 cents, the Gnox market cap is approximately $3.2 million.

79% of the Gnox token supply (161 million GNOX) is up for the three-phase token sale. Gnox crypto that will not be sold as a token will be distributed like this:
 
•	5% for each of the team, marketing, and development.

•	6% for the public.

## Gnox tax breakdown

A 10% tax must be paid against each transaction of the Gnox crypto token, fulfilling several use cases, such as marketing incentives, community reward distribution, and treasury capital regeneration. GNOX holders get monthly DeFi rewards, but the owners get a share of each GNOX transaction every 60 minutes.

•	1% of every transaction goes to the holders in $BUSD.

•	1% of each transaction goes to a Liquidity Pool for Pancakeswap for creating a stable price floor.

•	6% of every transaction gets transferred to the DeFi Treasury.

•	2% of all transactions is used for marketing efforts so the company can get a consistent flow of new users.

## Gnox treasury

Gnox’s stablecoin holdings, NFTs, and DeFi liquidity pool (LP) tokens make its treasury, which serves two main purposes:

•	It helps collect rewards accrued from DeFi yield-bearing protocols and redistribute a part of these rewards to GNOX owners.

•	It holds NFTs to create long-term appreciation opportunities.

It’s hard for investors, especially newcomers, to evaluate and get DeFi returns because of the complex and fast-paced nature of cryptocurrencies. A majority of entry-level investors don’t fully understand how to benefit from providing liquidity, loaning protocols, and other DeFi strategies. Gnox is trying to bridge that difference.






Gnox Crypto: Everything You Need to Know

[Elrond](https://elrond.com/) is a blockchain platform built to handle high transaction volumes. It's native token, EGLD crypto or eGold, is a multi-use cryptocurrency. The platform, which supports decentralised applications via smart contracts, is built to compete with significant blockchains like Ethereum and Zilliqa to create a [decentralised](/news/article/dns-servers) application and cryptocurrency ecosystem.

The blockchain can process up to 15,000 transactions per second. This makes it one of the fastest blockchain networks on the market. On the network, EGLD crypto is used for [staking](/news/article/what-is-staking-crypto), voting, and transacting. It is the primary asset in the incentivisation system that rewards network participants. Elrond also has a six-second latency, can scale with sharding, and has low transaction fees of $0.001.

It was established in 2018. The blockchain employs a Secure Proof of Stake (SPoS) operating protocol, which processes transactions in parallel. It relies on the contributions of multiple participants, each playing multiple roles simultaneously.

## What makes EGLD crypto unique?

Elrond is unique in its use of Adaptive State Sharding, which divides the network into smaller fractions so that nodes can verify transactions and network operations by resolving one partition at a time. This ensures the network can handle thousands of transactions per second while charging only a small fee.

The project aims to build a new digital economy with decentralisation and scalability built into its blockchain infrastructure. Elrond enables users to create new assets and decentralised applications and conduct low-cost transactions. The project also supports enterprise-grade Dapps while allowing for scaling and providing three programming languages to work with.

## How does the platform function?

Elrond is validated rather than mined using SPoS. The network uses open-source software, meaning the source code is available to anyone. The blockchain works as follows:

1.	Validators process and record transactions: Validators stake EGLD tokens in order to earn the right to process EGLD crypto They collaborate to process transactions and to add new blocks to the Elrond blockchain at the same time.

2.	Fishermen are constantly on the lookout for malicious transactions and users: Fishermen in SPoS networks validate new blocks after validators add them to the blockchain. Fishermen are tasked with locating any invalid blocks or malicious actors that may be present on the network.

3.	Observers passively maintain the blockchain's history: The blockchain observers store the blockchain's entire history. Observers are ineligible for EGLD crypto rewards because they are passive network participants who do not create new blocks.
The network is run concurrently by validators, fishermen, and observers. It is highly scalable due to this concurrent participation.

## Use Cases for Elrond

Elrond is designed to support non-fungible tokens (NFTs) and includes a Smart Accounts NFT framework. Smart Accounts operate similarly to any blockchain network account but support key-value data storage at the account level. They enable users to store large amounts of information directly in their Elrond Network accounts, such as emails, private identity data, health data, proof of citizenship, Know Your Customer (KYC) information, and more. 

Furthermore, Smart Accounts are intended to store and prove digital assets ownership without using the Elrond VM, which results in less bloating on the smart contracts that govern user funds.

The network is developing Elrond Standard Digital Tokens (ESDTs), synthetic assets, tokenised stablecoins, and fiat currencies to run on the Elrond network without requiring smart contract functionality. Elrond's scalability and speed prepare the network for the Internet of Things functionality (IoT).

The blockchain provides solutions for data exchange, financial services, and more to a growing list of enterprise blockchain clients worldwide, demonstrating that user adoption of the Elrond network is increasing.

## How to buy EGLD crypto

EGLD is available on cryptocurrency exchanges, including Binance.us, [KuCoin](/news/article/kucoin-crypto-metaverse), Gate.io, Bitfinex, OKEx, and [Crypto.com](/news/article/crypto.com-news-uk-approval).

##  Bottom line

Elrond promotes scaling and high transaction speeds as the primary sources of the project's intrinsic value, claiming that the network can process up to 15,000 transactions per second. It is a highly functional ecosystem because of its high transaction speeds, scalability, decentralisation, and full custody over users' funds.

As the project progresses, the network strives to become a model of the new internet economy. The project provides competitive transaction speeds and tools for Dapp development and application deployment for public and enterprise-grade use cases.


EGLD Crypto and Blockchain Platform

[Flow](https://flow.com/) is a new kind of blockchain that's optimised for developers. Its unique architecture enables developers to build scalable decentralised applications quickly. According to [today's crypto brief](https://coincodex.com/crypto/flow/), Flow token is currently ranked [#1 in the NFT Tokens sector](https://coincodex.com/cryptocurrencies/sector/nft/) and #21 in the [Layer 1 sector](https://coincodex.com/cryptocurrencies/sector/layer-1/) in terms of market cap.

The Flow project, as a decentralised platform, was built to facilitate the exchange of goods and services. Flow token is based on the ERC20 standard and is built on the Ethereum blockchain. It uses blockchain power to create a trustless system that allows users to conduct transactions without fear of scams or fraud.

[Flow's token, FLOW](/news/article/trending-crypto-coins), is central to the network and used to pay for transaction fees, gas, and other services. FLOW is also used for staking and delegation and to create new tokens.

The Flow blockchain is powered by a consensus algorithm called "gas". Gas measures the computational resources required to run a transaction or program on the Flow blockchain.

## The team and advisors

The team comprises experienced professionals in blockchain, business, and technology. Co-founder and CEO Roham Gharegozlou leads the team. Roham has more than 15 years of technology sector experience and is a serial entrepreneur. He is also the co-founder of BlockCypher, a blockchain platform that provides APIs for developers.

## Flow tokenomics

FLOW is a utility token created to facilitate transactions on the Flowchain blockchain. It is important to note that the Flowchain is more than just a platform for developing decentralised applications. It is also a platform for the [execution of smart contracts](https://flow.com/feat).
FLOW has several use cases on the Flowchain blockchain.

## Use cases for Flow Token

FLOW is designed for use in a variety of real-world applications. [Some of the most popular use cases](https://flow.com/flow-token-economics) include:
•	Payment processing: Flow can be utilised to pay for things online or in-store.

•	Microtransactions: They can be used to pay for small transactions, such as digital content or in-app purchases.
•	Asset management: They can store and manage digital assets.

•	Data monetisation: Flow can be used to monetise data and create new revenue streams.

## The Flow blockchain roadmap

Flow's aggressive roadmap will release several essential products within the next two years. These products include:

•	A decentralised micro-jobs platform.

•	A universal basic income program.

•	A Dapp Store for decentralised applications.

•	A P2P payments system.

•	An advertising platform.

## Why Flow is the next big thing in blockchain

There are a few reasons [why Flow is the next big thing](https://www.coindesk.com/business/2022/05/10/dapper-labs-debuts-725m-ecosystem-fund-for-flow-blockchain-development/) in blockchain. First, Flow has a solid team of developers who are experts in their field. Second, Flow has a clear vision and roadmap for the future. Third, the Flow token is well-positioned to take advantage of the current market dynamics. Finally, FLOW has excellent potential for long-term growth.

In conclusion, FLOW has [a lot to offer investors](/news/article/trending-crypto-coins). However, the minimum, maximum, and average token prices for the year may be around $7.08, $9.00, and $11.12, respectively. According to some unpopular forecasts, the price for the years 2023 and 2024 may remain the same.



Flow Token: An Introduction

Ethereum (ETH) price dropped after the network completed a long-awaited upgrade known as "the [merge](/news/article/the-merge-ethereum-nft-impact)". So, why is Ethereum going down even after an upgrade?

Despite a successful merger that moved the Ethereum network from an energy-intensive proof-of-work mechanism to a proof-of-stake consensus, this leading altcoin fell more than 7% below its $1,500 threshold.

Experts from the [Forbes Advisor](https://www.forbes.com/advisor/investing/cryptocurrency/why-is-ethereum-down/) expected the price of Ethereum to drop slightly after the long-awaited merger. ETH is moving along traditional markets, especially the tech-heavy Nasdaq Composite. However, crypto enthusiasts are bullish on Ethereum's post-merger prospects. As they point out, there are no fundamental changes regarding Ethereum. If anything, the combined ecosystem is better positioned in terms of decentralization, energy efficiency, and growth, further cementing its position as the dominant Layer 1 blockchain.

## Why is Ethereum going down from its initial fall after the merger?

Cryptocurrencies like Ethereum are risky assets subject to volatility if inflation continues. The US Federal Reserve is attempting to keep inflation in check and has made it clear that its priorities are now on fighting inflation before attempting a soft landing.

The latest inflation rate has fueled investors to fear the rise in interest rates. By raising interest rates further, the Fed can strengthen the US dollar and extract more liquidity from the market. Reduced liquidity can drive down the prices of riskier assets, such as technology stocks, cryptocurrencies, and growth stocks, as investors curb spending.

Amidst rising inflation and falling liquidity, there has been little institutional investment in cryptocurrency markets other than Ethereum. There has been much excitement around the Ethereum merger and what it is bringing to the Web3 space. This decoupling move (from Ethereum) is expected to continue in the near term as investors process the [long-term implications of the merger](/news/article/ehermine-switches-off-servers), including increased energy efficiency, growth of the staking economy, and the potential deflation of ETH.

## When will Ethereum prices hit bottom?

Just as it is difficult to tell why Ethereum is going down, no one can tell for sure if Ethereum has bottomed out. Aside from the immediate aftermath of the merger and Fed price pressure, other factors could be driving a broader downtrend for Ethereum.

Ethereum's recent low of $880 was reached on 18 June. The cryptocurrency has been up and down since then. Its most recent high reached just over $2,000 in mid-August. However, it was down 58% from its all-time high in November 2021. Ethereum's price today stands at $1,299.

Investors once believed that cryptocurrencies could be viewed as a hedge against inflation, but this has not materialized. Cryptocurrencies are starting to move alongside riskier asset classes, such as growth stocks and the tech stocks of Nasdaq.

In other words, investors can escape cryptocurrencies for traditionally safer assets such as gold, oil, and real estate during times of high inflation. All of this does not bode well for Ethereum's near-term price potential.

## Bottom Line

Like all cryptocurrencies, Ethereum is a risky investment. After hitting an all-time high of around $4,800 in November 2021, Ethereum has been down about 72.9% since then. Risky investments can experience large price swings and extreme volatility. However, it can also be compared to the Nasdaq, which is full of risky growth stocks.

As a relatively new asset class, no one knows what the future holds for cryptocurrencies as an investment vehicle, and the [news about such currencies](/news) is constantly changing. Predicting their price movements is very difficult. Cryptocurrencies are also subject to cyber hacks and future regulations that can affect their overall value.

In a dynamic investment like cryptocurrency, an investor cannot just stop by thinking, "Why is ETH going down?", because it can always go up again, and then you will be in for a big windfall.


Why is Ethereum Going Down?

[Cardano](https://cardano.org/) claims to be one of the most advanced and diverse ecosystems in the blockchain industry. It is quite a [revolutionary project](/news/article/cardano-samsung-climate-change) introducing multiple use cases for the blockchain. That’s why its native currency, [ADA](/news/article/crypto-news-cardano), often seems lucrative to investors and the ADA price in GBP matters.  

But as the token is relatively undervalued, many are hesitant to invest in the project. If you want to know its potential, here’s everything you need to know!

## ADA price GBP today

As of today (29 November 2022), Cardano's price in Pound Sterling is [£0.3655](https://coinmarketcap.com/currencies/cardano/markets/). It shows a 5.88% upward movement with a 24-hour trading volume of £642,454,898. CoinMarketCap’s market capitalisation is around £12,620,277,858, with a circulating supply of 34.33 billion tokens.

![ada price gbp.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/ada_price_gbp_2fa11dc1b7.png)

[Source](https://coinmarketcap.com/currencies/cardano/)

Comparatively, Cardano’s value in USD is $0.4156, with an ascending trend of over 6.5%. Besides, its market cap in USD makes up $14,357,628,346.

## An analysis of ADA price GBP

[October](/news/article/crypto-hacks-peaking-october) has been a tough month for this blockchain platform. But towards the end, it gained momentum as the price reached almost £0.37. Previously, the critical support level for ADA was at £0.34, and the key resistance level was £0.37. Now, its value has moved above this resistance, which hints toward a possible bullish trend.

The currency’s value has risen by around 5% in the past seven days. Now, it seems to be in the position of going past this level and capitalising on the upward trend. If it manages to sustain its current value, it may see an upswing that will take it to the 0.45 GBP mark. 

## Cardano against Dogecoin

Cardano has experienced a price correction and is showing signs of a [bullish position](/news/article/will-crypto-recover). But its performance is not as impressive as Dogecoin. Recently, it has overtaken Cardano as the eighth-largest crypto in terms of market cap. Moreover, DOGE has surged over 46% in the past seven days. 

As of today, [DOGE’s value](/coins/doge) has reached £0.1131. It also briefly touched the £0.13 mark, which was the highest in the past six months. However, Dogecoin is currently down by 2.50%. Nonetheless, these gains are massive in comparison to Cardano. This is the reason DOGE has surpassed ADA in the rankings. 
 
## Price patterns in the past of ADA

ADA’s price history suggests that it performs well only during the bull cycles and struggles badly during the bear cycles. When it was launched in 2017, its value was only around £0.020, reaching £0.98 at the end of the year. In 2018’s bear market, it plunged to £0.11. 

From 2018 to 2020, Cardano’s value remained between £0.03 to £0.07. Then, in the bullish market of 2021, it reached its highest value of £2. After that, the value continued to drop. This indicates the highly volatile nature of ADA. That’s why long-term [investments in Cardano](/news/article/cardano-investment) have always been a bet.


ADA Price in GBP: Conversion and Analysis

Top performing crypto tokens between 21 November and 28 November included Huobi Token (HT), Celo (CELO), Curve DAO (CRV), Dogecoin (DOGE), and ApeCoin (APE).

Numerous events happened during the week. Moni Talks covered topics such as United Kingdom-based [Starling Bank ](/news/article/starling-bank-bans-crypto)cutting its customers' accounts off from centralised cryptocurrency exchanges due to the volatility of the market and crypto wallet [MetaMask](/news/article/metamask-news-collect-ips) making plans to collect user internet protocol (IP) addresses.

In addition, Magic Eden, one of the most patronised non-fungible token (NFT) marketplaces, announced that it had expanded support for Polygon-based NFTs. Polygon is one of the largest NFT blockchains by all-time sales volume, with approximately [$409 million](https://cryptoslam.io/), as of 28 November.

So, let’s take a look at last week’s top performing crypto. 

## Analysis of top performing crypto last week

•	[Huobi Token (HT) ](https://coinmarketcap.com/currencies/huobi-token/historical-data/)increased by more than 60%. HT is the novel token of the Huobi crypto exchange. Much of the token's value spike occurred due to the rebranding of the pioneer cryptocurrency exchange Huobi Global into just Huobi during the week. As part of the rebranding process, Huobi, as a major crypto trading platform, is projected to become one of the top three exchanges across the sector. 

The rebranding led to an increment in trading volume from the smallest value of $14.77 million to the highest value of $27.46 million within the week. The token opened the week strongly at $4.32 on 21 November and reached a weekly low of $4.24 on the same day. HT spiked in price to a weekly high of $7.32 and was trading for $7.12 in the late hours of 27 November. There was a 64% increase in HT price during the last full week of November.

![coin market cap](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture_1_79b313f394.png)
 
•	Celo [(CELO) ](https://coinmarketcap.com/currencies/celo/)was up by more than 50%. CELO is the Celo ecosystem native asset, which aims to increase cryptocurrency adoption among smartphone users. During the week, it was reported by major news outlets that Celo has [partnered ](https://www.coindesk.com/tech/2022/11/21/mobile-focused-blockchain-celo-partners-with-ethereum-software-firm-consensys/)with ConsenSys, an Ethereum software company that played an integral role in the Merge (the transitioning of Ethereum from a Proof-of-Work to a Proof-of-Stake network). 

Overall, this partnership will help Celo developers to tap into the technological solution of ConsenSys, which will improve its scalability. Within the week, CELO's trading volume moved from the lowest daily value of $7 million to the highest value of $210 million. On 21 November, CELO opened with a trading price of $0.4329, climbed to a weekly high of $0.714 on 26 November, and saw a decline to a weekly low of $0.4178. It was trading for $0.6737 during the late hours of 27 November CELO gained 55% within the period.
 
![coin market cap](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture_2_f0823dd454.png)

•	Curve DAO [(CRV)](https://coinmarketcap.com/currencies/curve-dao-token/) spiked by more than 30%. CRV, like other digital assets housed in the ecosystems of the decentralized application (Dapp), is the novel token for Curve, a stablecoin-based decentralised exchange that relies on an automated market maker (AMM) to oversee liquidity. Curve generated [$3.75 billion](https://dune.com/hagaetc/dex-metrics) as trading volume throughout October. Due to the ongoing FTX bankruptcy case, which has led to the halting of digital asset withdrawals on some platforms, there has been a marked increase in stablecoin use. Since Curve is mainly tailored to stablecoin trading, many investors turned to CRV during the week. CRV's daily trading volume ascended from $58 million to $970 million.

CRV opened on 21 November with a relatively lower trading price of $0.5119. The DeFi token reached a weekly low of $0.4096 on 22 November and increased to a weekly high of $0.7538 on 26 November. In the late hours of 27 November, CRV was exchanging hands for $0.7044 on many crypto trading platforms. CRV spiked by 37% within the period.
 
![coin market cap](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture_3_e64bab2b45.png)

•	Dogecoin [(DOGE)](https://coinmarketcap.com/currencies/dogecoin/) brought more than 30% gains to holders. DOGE is the native asset of the meme-inspired project by Jackson Palmer and Billy Markus, creators who decided to poke fun at the idea of Bitcoin (BTC) dethroning the centralised finance system. DOGE has been soaring based on a rumour from David Gokhstein, who [commented via his Twitter account](https://twitter.com/davidgokhshtein/status/1596010692070764544?s=20&t=IyhWVKTyIxmqIxX_Xir8OQ) that there could be developments to the Dogecoin project by Ethereum founder Vitalik Buterin and new Twitter boss and DOGE promoter Elon Musk. 

The demand for DOGE skyrocketed from a minimum daily volume of $360 million to $1.84 billion within seven days. DOGE opened at $0.07718 on 21 November and reached a low of $0.0724 on the same day. The largest meme-inspired digital asset by market capitalization soared to a weekly high of $0.1064 on 27 November and traded for $0.1052 on the back of Asia, as an early mover of the cryptocurrency industry. As of 11:50 UTC on 27 November, DOGE had soared by 36%.
 
![coin market cap](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture_4_585d8697c1.png)

•	ApeCoin [(APE)](https://coinmarketcap.com/currencies/apecoin-ape/) Rose More than 20%. APE is the novel token of the ApeCoin ecosystem. On 23 November, it was reported that ApeCoin decentralized autonomous organization (DAO) had l[aunched a community-driven non-fungible token (NFT) marketplace.](https://www.coindesk.com/web3/2022/11/23/apecoin-dao-launches-community-driven-nft-marketplace/#:~:text=ApeCoin%20DAO%2C%20a%20community%2Dled,APE%20ecosystem%2C%20launched%20in%20March.) In the crypto finance industry, exchange listing, the launch of new products by a project, the provision of staking services, and the adoption of a coin or token by a mainstream company are the primary drivers of a cryptocurrency's price. 

Leaning on the successes of Bored Ape Yacht Club and Otherdeeds among Yuga Labs' (creators of the projects) products, APE opened at $3.03 on 21 November, reached a low of $2.86 during the week on 22 November, and reached a high of $3.94 on 27 November. As of 11:50 UTC on 27 November, APE had a trading price of $3.83. Like all the aforementioned top-performing crypto tokens, APE also saw a significant rise in daily trading volume from $79 million to $215 million.
 
![coin market cap](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture_5_37da79bf9d.png)

Other top performing crypto included coins that saw multiple percentage gains during the week, such as Litecoin (LTC), Chainlink (LIN), Dash (DASH), Aptos (APT), Convex Finance (CVX), Binance Coin (BNB), Solana (SOL), Casper (CSPR), Aave (AAVE), Ethereum Classic (ETC), and Theta Network (THETA).






Top performing crypto of the last week

There is trending speculation of a rumoured Elon Musk Twitter Dogecoin arrangement. This rumour was spiked by the latest tweet about Twitter's new look, which Twitter's new CEO, Elon Musk, called "Twitter 2.0 Plan" - "The everything app".

This has made investors excited about the possibility of the [cryptocurrency DOGE](/news/article/elon-musk-twitter-deal) being integrated into Twitter. 
This recent disclosure, in a tweet yesterday, by Musk - who shared lots of slides on "Twitter company Talk" albeit without any mention of Dogecoin - saw the DOGE price surge to 19.4% from $0.089 to $0.107 before cooling off to $0.096, [as reported by CoinDesk](https://www.coingecko.com/en/coins/dogecoin).

![Picture2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture2_1cf9f20662.png)
 
However, [according to Coinbase, the price of Dogecoin, which has been on the rise by 26.75%](https://www.coinbase.com/price/dogecoin) in the past seven days, declined by 0.72% in the last 24 hours. In the past hour, the value increased by 1.83%. The current price is $0.096255 per DOGE. Dogecoin is 86.99% below the all-time high of $0.74.

You will recall that on 16 May, Musk tweeted a mock-up of what he called "Twitter 2.0" that included a Dogecoin tip button. The tweet sent Dogecoin's price soaring by nearly 30% in just a few hours. Musk, now Twitter's biggest shareholder, has been a long-time supporter of Dogecoin, [often tweeting about the cryptocurrency and even calling it his "favorite" coin](https://www.google.com/amp/s/www.coindesk.com/markets/2019/04/02/elon-musk-calls-dogecoin-my-fav-cryptocurrency/%3foutputType=amp). 

## Elon Musk Twitter Dogecoin Rumours

In another tweet, world-renowned golfer, Matt Wallace, said, with a hashtag:

"#Dogecoin Acceptance for Twitter Blue Would Be Awesome."

This tweet further deepened speculation on the future of a Twitter Dogecoin payment integration arrangement.
 
![Picture1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture1_1ed3d1e487.png)

If Twitter were to integrate Dogecoin into its platform, it would give the cryptocurrency a major boost in exposure and could lead to more mainstream adoption.

More rumours abound amid speculation that [Twitter may be working on a wallet prototype that supports cryptocurrency deposits and withdrawals](https://cointelegraph.com/news/twitter-will-do-lots-of-dumb-things-in-the-coming-months-elon-musk/amp). That, plus an announcement of [an $8 monthly subscription model](https://cointelegraph.com/news/crypto-fans-should-get-behind-elon-musk-s-subscription-model-for-twitter/amp), led to a 40% surge in price.


Elon Musk Twitter: Dogecoin Spikes Over 

Monero is a digital currency offering anonymity for users and their deals. It is decentralised and characterised as privacy oriented. Here's how to buy it.

Monero was among the first [cryptocurrencies](https://www.kraken.com/en-gb/learn/what-is-cryptocurrency) to use encryption and provide significant improvements in privacy and fungibility over existing alternatives. 

Its primary distinction was the ability of users to send and receive transactions without exposing this data to anybody investigating its blockchain. 

The [sender](https://www.getmonero.org/get-started/what-is-monero/), receiver, and amount of each transaction are hidden through three key technologies: Stealth Addresses, Ring Signatures, and RingCT. 

Merchants and people that accept Monero should not be concerned about banned or corrupted currency. There is no wire transfer, check clearing fees, multi-day hold periods, or false chargebacks. It is also not bound by any particular legal jurisdiction and offers protection against capital control.

## Why buy Monero? 

If the user is a computer enthusiast looking to learn about cutting-edge breakthroughs in encryption, XMR may be a [cryptocurrency](/news/article/guide-to-glitch-crypto) that piques their interest. 

Similarly, if speculative investors believe crypto users will continue to seek assets with high privacy, they may bet on it.

## Where can you buy Monero? 

Users can look for an individual seller online or go to a crypto-enabled ATM, but the most straightforward way to acquire XMR may be through a reputable exchange.

## How to buy Monero on an exchange

### 1.	Create an [account](https://www.binance.com/en-GB/how-to-buy/monero).
On the various exchanges sign-up page, enter an email address, choose a new username, and set a strong password for protection. 

### 2.	Account verification 
The simplest method to get started is to buy XMR with a [currency](/news/article/zee-crypto) that consumers currently have (such as USD or EUR). In this situation, however, they will be required to present supporting documentation authenticating their identification and linking external accounts. Check out our verification levels documentation for additional information on our onboarding process. 

Users may also purchase XMR using other cryptocurrencies such as Bitcoin or Litecoin by providing their full name, birth date, country of residence, and phone number.

### 3.	Deposit cryptocurrency or cash 
Exchanges provide a range of funding options for cash transactions based on where you reside and your account settings. Investors must first generate a deposit address and transmit money from their current wallet to that address to deposit cryptocurrency. 

### 4.	Purchase XMR 
Users can purchase XMR after their cash is sent to their exchange account. In addition, most exchanges offer global customer assistance, sophisticated order types, charting tools, and leveraged trading alternatives.

## Where to keep Monero after buying? 

Monero is private by default, but that does not mean it is secure. This implies that once consumers have finished purchasing XMR, they must take action to protect their cash. 

There are several wallets from which to safeguard XMR. The consumer's choice determines their security and spending choices. The easiest method is a Monero wallet, allowing investors to transfer, receive, and keep their XMR.


How to Buy Monero

## Are you ready to find out the Solana to GBP price?

[Solana](https://solana.com/) is one of the biggest contenders of Ethereum in the race of [leading NFT](/news/article/solana-nfts) and web3 platforms. Its scalability and hybrid consensus mechanism of proof-of-history and proof-of-stake make it a complete ecosystem for DApps. Besides, the blockchain’s native token, [SOL](/news/article/solana-price-gbp), has also proved valuable and profitable crypto. 

If you are interested in investing in this blockchain, here’s the Solana to GBP conversion. You can also find some insights into its value in this bearish market. Let’s start the price analysis!

## Solana to GBP price today

As of today (4 November 2022), [Solana’s price](/news/article/solana-price-prediction) in Pound Sterling is [£28.91](https://coinmarketcap.com/currencies/solana/markets/). Over the past week, its value has seen around a 4% upward trend.

According to CoinMarketCap, its current market cap is £10,378,162,442. Over the past 24 hours, its trading volume has been £741,967,001, with a 1.55% increase.  

![solana.jpg](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/solana_54c51a57ed.jpg)
 
[Source](https://coinmarketcap.com/currencies/solana/)

In comparison, SOL to USD value is currently $32.37, and it shows around 6% of upward movement in the last seven days. Moreover, its market cap in USD is $11,631,374,401.

## Solana price analysis

Though the SOL blockchain is efficient, it is notorious for unannounced outages. It is one of the factors that often affect the SOL’s price. At the beginning of October, the network experienced another outage this year. Before this, it's worth was around £32. 

However, it took a dip as investors and stakeholders’ trust in the blockchain shook. In the first week of October, its value dropped to £29; towards the end, its price reached less than £25. But it made some recovery, and currently, it is floating above the support level. 

On the other hand, a significant [hack of Mango Markets](https://cointelegraph.com/news/how-low-liquidity-led-to-mango-markets-losing-over-116-million), a SOL-based lending protocol, has also affected its value. More than $100 million was drained from the DeFi platform. After the hack, the total value locked on the blockchain plunged. On 10 October, its TVL was around $1.32 billion; in the next three days, it dropped to $862 million.  

## A potential bullish outlook shows a 22% rise

Besides, the current market trends suggest a bullish outlook too. SOL's traded volume at the current price is the highest since 2 April, which indicates increasing buying pressure. If the buying pressure kept growing, there might be a surge of around 22%. This will likely take its worth to £35 in the coming days.

Nonetheless, it will reject this [bullish theory](/news/article/2022-bullish-run) if its value goes below £25. Moreover, it could result in a lower low of £23. Whether or not it shows resistance at the current value will determine the long-term trends.


Solana to GBP conversion price analysis

Since it came onto the scene, many have wondered, 'is Casper crypto a good investment?'. Here, we'll try to find out.

The Casper cryptocurrency was launched in 2017 and gained popularity due to its unique features. The most significant part of Casper is its use of the Proof-of-Stake (PoS) algorithm, which is different from the more common PoW (Proof-of-Work).

With PoS, instead of miners validating transactions and earning rewards, Casper users who hold the currency in their [wallets](/news/article/crypto-wallet-multiple-currencies) can earn interest on their holdings. This makes Casper a more environmentally friendly option, as there is no need for energy-intensive mining operations.

There are many options when [investing in cryptocurrency](https://www.wsj.com/articles/tesla-ceo-elon-musk-says-he-personally-owns-bitcoinand-so-does-spacex-11626908542). With so many different coins and tokens available, knowing which ones are worth your money can take time and effort.

One coin that has been getting much attention of late is Casper. The new cryptocurrency is designed to change how we interact with the internet and promises to provide many benefits over traditional currencies.

Casper has also implemented some governance mechanisms to ensure that the currency uses responsible. For example, users must have a minimum balance to participate in staking and earn rewards.

## Is Casper a good investment?

It's essential to understand what Casper is and how it works. Casper is a decentralized network that uses [blockchain technology](https://www.newsbtc.com/news/bill-gates-bitcoin-exciting-shows-cheap-sending-money-can/) to enable secure, peer-to-peer transactions. Transactions on the Casper network are processed instantly and are entirely private.

Casper's design is to be more efficient than current web browsers. The developers claim Casper can load pages four times faster than Chrome and Safari. Additionally, Casper doesn't require users to install any plugins or extensions.

Casper is a good investment as it offers an excellent opportunity to make profits in the long term. It is among the most popular and successful Initial Coin Offerings (ICOs), attracting much attention from investors and traders.

The project has a strong team of experienced developers, entrepreneurs, and marketing experts. They have created a functional product and have a solid roadmap. A well-known venture capitalist firm also backs the project.


Is Casper Crypto a Good Investment?

Ethereum price in the UK has spiked with recent developments. Before falling to $1,602 at press time today, [Ethereum](https://www.cryptopolitan.com/ethereum-price-analysis-2022-10-30/) had earlier set a 24-hour high of $1,652.

The price of Ethereum is extremely unsteady and sensitive to important developments that can affect the market. The appointment of Rishi Sunak as the UK's new Prime Minister is one of these events, along with new applications created on the [Ethereum](/news/category/ethereum-news-today) network, crucial announcements from businesses using Ethereum, and changes to policies.

The price of Ethereum has been noticeably declining for several months, but as of early last week, it seems to be trending upward. Its price rose above the descending channel pattern as it encountered critical support close to the $1,250 mark. The key negative trendline is being tested, and it looks like the price will break above it.

We'll have to wait and see if this has anything to do with the UK's new Prime Minister's appointment, as speculated.

## Future of Ether in the UK: Forces and projection

Lisa Cameron, the group chair of The Crypto and Digital Assets All Party Parliamentary Group (APPG), said on Tuesday that businesses in the UK "desperately need clarity" regarding the [nation's approach to crypto policy](https://cryptonews.net/news/legal/14972141/).

This occurs as the UK's lower chamber, the House of Commons, [decides to recognize cryptocurrency assets as regulated financial instruments](https://www.investopedia.com/uk-approves-crypto-regulations-6757694) and goods.
"UK crypto and digital asset enterprises sorely need clarity over the UK's approach to crypto policy and for the government to deliver on its vision for the UK crypto sector," Cameron stated in a written statement made available to the media on Tuesday.

This latest development is believed to have sparked investors' optimism for cryptocurrencies and contributed to the steep increase in Ethereum price. The price is currently at almost £1,200, having increased by more than 2,000% from the year's beginning.

The value of [Ethereum](https://coincodex.com/crypto/ethereum/price-prediction/) is expected to increase by 8.37% and reach $1,703.62 by November 5, 2022, according to the current Ether price projection.

As a reminder, this is merely a forecast and not financial advice.














Ethereum Price in the UK

In this article, I have analysed Cardano's performance along with the ADA to GBP conversion rate to determine whether it is a good investment.

[Cardano](https://cardano.org/) is a highly developed and diverse ecosystem in the blockchain industry. It is often dubbed a [revolutionary project](/news/article/cardano-hard-fork) with various use cases. Thus, Cardano’s native token, ADA, may seem like a good prospect for [investment](/news/article/cardano-investment). 

Though the token may seem undervalued, it has seen a few highs and lows in the past. Nonetheless, it has experienced high volatility since 2018, so gauging its potential has become difficult. If you are considering investing in it, here you can find the ADA to British Pound Sterling  conversion rate and analyse whether it will be a good investment for the coming years.  

## ADA Price today

As of today, 24th November 2022, the token changes hands at around 0.3154 USD, according to [CoinMarketCap](https://coinmarketcap.com/currencies/cardano/). Its current market cap is $13,472,917,601, with the past 24 hours trading volume of $580,517,946.

Its value in Pound Sterling is £0.3372, which is currently down by 4.08%. Its previous close was £0.335802, with a trading volume of 503.63 million.

## ADA to GBP price analysis

Before you move on to the price predictions, observing the previous patterns in ADA's price is vital. In the beginning, in 2017, its price was a mere £0.020. However, it started to gain momentum towards the end of the year and reached £0.98. Then during the bear market of 2018, it slipped to £0.11.

![Picture1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture1_f2971f5883.png)
 
[Source](https://finance.yahoo.com/chart/ADA-GBP#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-)

After that, it made modest gains on and off, but its value remained between £0.03-0.07. Finally, in 2021, it made its all-time high of around £2. But, it continued its downward trend from the end of 2021 until now.

This shows that it may make some gains in the next bull cycle, but its high volatility makes it risky. Therefore, according to my analysis, [Cardano](/news/article/crypto-news-cardano) might not be the ideal choice for long-term investments.


ADA to GBP Price Analysis

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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