Ever since 2017, DAI has been adopted and widely used because of its non-volatile characteristic. The belief is that certain cryptocurrencies will gain enough traction to be globally adopted and used for trading, enhancing the global finance ecosystem. But how do you convert DAI to GBP stablecoin?

## DAI

DAI is a decentralized cryptocurrency, specifically, a stablecoin. 

Stablecoins are crypto versions of traditional currencies like the US dollar (USD) that solve the volatility query with many cryptocurrencies. DAI is pegged to USD and maintains a 1:1 ratio against USD.

DAI is built on the Ethereum blockchain-based application. You can receive, store, and or transfer it to anyone despite their location without the need for an intermediary. Unlike other cryptocurrencies, it does have a central authority controlling its supply in circulation.

To get value, DAI relies entirely on demand. When you deposit ETH or any alternative ERC-20 token into the market as collateral, DAI is created and provided to you at a collateral loan ratio of 66%. This criterion increases the overall supply and acts as a prime value source.

Use cases for DAI include a secure store for value, a stable payment method, and a reliable tool for minimizing risk among crypto traders. You can also get access to loans without the need for approval from creditors.

## GBP stablecoin

GBP is a stablecoin backed by the sterling pound with an alternative market name of "pound token". You can redeem GBP one-for-one with the sterling pound.

While the initial launch was [Ethereum](/coins/eth) blockchain-based, the developmental team, Blackfridge, has plans to bridge other networks. You can buy and or sell GBP on Gate.io, Bittrex, and Uniswap.

The key reason behind this project was to provide a seamless way to convert fiat GBP to cryptocurrency without delay. Other use cases are a rigid value store and smooth exchange for value. The pound token goal is to provide stability and boost the stablecoin market confidence through strict regulation and frequent comprehensive audits. It aims to be the benchmark for other stablecoins.

## Converting DAI to GBP

To convert DAI to GBP, you need a wallet for storing your crypto. If you are a beginner, I would recommend opening an account at [Binance](https://www.binance.com/en).

Navigate to the buy/sell crypto tab and click on buy. Once you click on "buy crypto", the available payment options in your country will pop up. Key in DAI, pick your preferred payment means and enter your credentials. Press enter to confirm your order. Go back to your wallet and check your balance. It should reflect the purchased amounts.

Now go to [Binance Convert](https://www.binance.com/en/convert), found at the top left corner under the "Trade" section. On the 'convert' page, select DAI, and the desired token, GBP. Preview the conversion rate through the convert button. 

You can refresh every five seconds to get a new rate, perhaps a better one. Click on convert and GBP will be available in your wallet in less than a second. Ensure you follow these instructions to get the best conversion rates for DAI to GBP.



Green image of pile of GBP coins with DAI crypto coin in centre of the pile

DAI to GBP Stablecoin Conversion

Dogechain bridge allows holders of $DOGE coin to gain more utility for their coins beyond transactions.

This year has been a rollercoaster for crypto lovers. From [TerraLuna's collapse](/news/article/terra-luna-collapse) to [FTX's bankruptcy](/news/article/ftx-collapse-blockfi-suspend-withdrawals), many events shaping the crypto market have occurred this year. They have led crypto holders through many emotions, including fear, anxiety, worry, relief, and devastation.

Amid all this chaos, Dogechain was launched in September.

## What is Dogechain?

First, I'd tell you what it isn't. Dogechain isn't an offshoot of Dogecoin, regardless of how similar they sound and how intertwined they are.

There are many technical and somewhat unclear definitions of Dogechain out there. The simple explanation is that Dogechain is a Proof-of-Stake blockchain built on the Polygon network to improve and increase DeFi access for Dogecoin users.

Dogechain was built to improve Dogecoin and create new avenues where it can be used to access the wider world of DeFi. Polygon Edge, the network on which the Dogechain is built, supports the building of EVM-compatible (Ethereum virtual machine) blockchains that allow the creation of decentralized applications, tokens, and the minting of NFTs.

This opens considerable possibilities for Dogecoin holders, who can now gain more utility beyond simple transactions from $DOGE. But how will that work when $DOGE cannot be used on Dogechain?

## How does Dogechain bridge work?

To combat the compatibility problem between $DOGE and Dogechain, the founders of Dogechain created the Dogechain bridge.

The idea of a bridge in cryptocurrency isn't new. Dogechain bridge was built on that concept to find a way for Dogecoin users to port and use their $DOGE in the new blockchain.

How the Dogechain bridge works is that when you send $DOGE,  a multi-signature smart contract keeps the $DOGE in escrow and then mints its equal in $wDoge. So, if you send 200 $DOGE, you'll get 200$wDOGE which you can then use to [access DeFi, buy NFTs, or use DApps](https://learn.bybit.com/blockchain/what-is-dogechain/).

You should note that Dogechain has a minimum amount of 100 $DOGE you can send over using the Dogechain bridge. Anything less than 100 $DOGE wouldn't fulfil the requirements for the smart contract conversion of $DOGE to $wDOGE.

Beyond the immediate ability to use Dogecoin on an EVM blockchain, this Dogechain bridge almost completely erases the barriers to entering DeFi and NFTs for holders of the famous memecoin.

It also means more development and growth for Dogechain. Developers can build DApps, Metaverse, GameFi, and digital marketplaces, while Dogecoin owners can interact with Dogecoin on those apps.

## Concerns over Dogechain bridge

The concerns around the bridge converge on one point - security. However, Dogechain says it has this under control. Although they won't be using Polygon's security measures, they are prepared to ensure secure transactions for users.

## Conclusion

Dogechain is just a few months in and has already seen massive interest. As of now, more than 200 million dollars worth of Dogecoin has gone through the bridge. Although this presents as only 2.5% of all the $DOGE in existence, it is still a great start.

As more people explore and benefit from this new ecosystem, more will be excited to join. It's just a matter of time.


green image of techy modern bridge with dogecoin on centre

Dogechain Bridge Explained

As non-fungible tokens (NFTs) continue to make waves, the possibilities of the digital and physical world colliding have grown with augmented reality.

Augmented reality tokens have grown in popularity since the metaverse boom. Creators have found a bridge between the immersive technologies of augmented reality and NFTs.

## What is augmented reality?

Commonly called AR, augmented reality is an interactive experience that enhances real-world objects through computer-generated information.

AR helps creators enrich their works by allowing technologically creative ways to exhibit and give context to digital artwork.

## What are augmented reality tokens?

NFTs transform AR experiences and make them verifiable assets. These tokens are Proof-of-Ownership tokens attached to digital assets on the [blockchain](/news/article/what-is-blockchain). 
These tokens are unique and not interchangeable, making the owner the sole possessor of the digital media.

These tokens have different use cases depending on the augmented reality intended by the creator. The most popular use cases are in art, gaming, and e-commerce.
In art, NFTs are pivotal to allowing artists to sell digital assets stored on the blockchain. AR allows NFT collectors to experience digital art in creative ways.

In gaming, play-to-earn (P2E) has grown popular in the past few years. Augmented reality tokens allow players to acquire in-game assets and cryptocurrency. Players can experience their in-game assets through AR, making the game more immersive and the narrative more compelling.

## Benefits of AR Tokens

### Use cases:

Augmented reality tokens add physical elements to digital assets. Users can distinguish themselves in the Metaverse with AR avatars, and creators can engage directly with fans.

They also serve as native tokens on different platforms. The tokens can be used to purchase features, in-game assets, and services.

### Passive source of income:

AR tokens allow creators to earn royalties on every transaction. Collectors can also own tokens that can be traded and surge in price.

## What are some popular AR Tokens?

If you intend to invest in AR tokens, you need to buy the project's tokens to be able to participate in their ecosystem. Here are some top-performing projects you should consider.

### 1.	Mossland: 
According to [CoinGecko](https://www.coingecko.com/en/categories/augmented-reality), in the last seven days, [Mossland](https://www.moss.land/en) has remained the top AR token. Open-source Metaverse platform Mossland is a place where users can buy and sell digital/offline goods, collect points, and play mini-games.

The Mossland Metaverse token is the Moss coin (MOC). This token is used for Mossland's entertainment services that mirror the real world.

### 2.	Somnium Space: 
This is an augmented reality world built on the Ethereum blockchain. On [Somnium Space](https://somniumspace.com/), users can buy land, build or import NFTs, explore, and trade.

The native token of the platform is CUBE, an ERC-20 token. CUBE can be used to purchase land and pay for services on the Somnium platform.

### 3.	Over the Reality (OVER): 
Built on the Ethereum and Polygon blockchains, OVER is a seamless bond of the physical and digital worlds. The platform allows users to own digital real estate and supports AR capabilities like AI avatars and realistic NFT assets. The OVR token serves as the platform's native token.

## Conclusion

While no one can predict the future, it appears augmented reality tokens will be part of what the [Metaverse](/news/article/how-to-invest-in-metaverse) looks like in its final form.


pink image of AR visualisation of 3d bitcoin token

Augmented Reality Tokens Explained 

GALA is the native utility token of Gala Games and can be converted to BUSD.
Gala Games is a blockchain-based gaming platform that sees the creation of play-to-earn blockchain games. The platform is built on the Ethereum and Binance Smart Chain and also works with the Polygon network.

## GALA tokens

Before we look at GALA BUSD conversion, let's understand the Gala Games token. They are BEP20 and ERC20 compatible. They have several use cases. They can be used to purchase in-game items or NFTs, as a medium of exchange, and to make peer-to-peer payments. They are also used to incentivize players. The most active players get awarded the tokens.

The tokens are currently trading at $0.04502, according to [Coinmarketcap](https://coinmarketcap.com/currencies/gala/). They are ranked the 129th largest cryptocurrencies, with a live market cap of $184,029,951.

The tokens have a max supply cap of 35 billion. They are, however, deflationary tokens. On 21 July each year, their distribution is halved. There are currently 6,977,205,436 in public circulation.

17,123,286 of the tokens are distributed on the network daily. Half of them are distributed to Founder's Node operators, and the other half is given to the conservatorship. 
 
They can be bought on several crypto exchanges, including [Binance](/news/article/guide-to-binance-uk), Bitrue, and OKX. They can also be earned by playing the games on the platform, inviting new users, staking, and owning a node. Nodes offer computational resources to the platform’s decentralized network in exchange for rewards.

## GALA BUSD

BUSD, or Binance USD, is a fiat-backed Stablecoin developed by Binance and Paxos. It is backed by the US dollar with a ratio of 1:1. Like Gala, it is also an ERC-20 and BEP-20 token.

The stablecoin is currently ranked the 6th largest cryptocurrency with a live market cap of $21,997,255,977. Its market demand has grown exponentially, given that by the end of 2021, its market cap was close to 15 billion.

GALA BUSD conversion happens at a ratio of 1:0.024372 BUSD. You can, for example, get 0.048685 BUSD for two of the tokens at the current exchange rate.

## GALA BUSD price history

The tokens first hit the crypto market in September 2020. They were first listed on [Coinmarketcap](https://coinmarketcap.com/currencies/gala/historical-data/) on 18 September at $0.001437. For most of the months to December, they traded below $0.001. However, they ended the year worth $0.001442.

The best month was November 2021. They began the month worth $0.09104 and by mid-month were priced at $0.1268. By 17 November, they were worth $0.2305 and three days later were at $0.3529. On 28 November, they reached their highest recorded price of the year, $0.7121.

They began 2022 worth $0.4515. Things would quickly take a turn as they started to depreciate, ending the month priced at $0.19.

They picked up in February, ending the month worth $0.2604. There weren't any significant price changes until May, when they dropped to trading below $0.1. They would continue to trade below $0.1 till the time of writing.

## GALA BUSD prediction

Several crypto prediction platforms predict a promising future for GALA tokens. They view the coins as a good long-term investment option.

Cryptopolitan predicts they might trade at a maximum price of $0.054 in 2023, $0.076 in 2024, $0.12 in 2025, and $0.17 in 2026. Those holding the coins a little longer might see a maximum price of $1.10 by 2031, according to the site.

Changelly predicts they might trade at an average price of $0.056 in 2024, around $0.081 in 2025, $0.12 in 2026, and $0.2 in 2027. They will, however, not get to trading above $1 even by 2031, according to the site.

WalletInvestor predicts the coins might begin the year 2023 trading at a maximum price of $0.00393 and end the year priced at $0.00529. In 2024 they might trade at a maximum value of $0.00540 and end the year priced at $0.007029.
According to the site, things are poised to get even worse for the coin. By the end of 2027, they might be trading at a maximum price of $0.00033.

## Developments

It is worth noting that in November 2022 Gala Games was all over the news after it was reported that it had been hacked. A suspected attacker had supposedly minted $2 billion worth of GALA on the BNB smart chain and proceeded to dump some of the tokens on PancakeSwap.

The company assured its community that the incident was just a procedure to test its vulnerabilities and that it had not been hacked.

## Conclusion

GALA might look like a struggling cryptocurrency, but according to a few crypto prediction platforms, it might be a good long-term investment option.

The token has the potential to get back to its glory days or even get better. However, you'll have to hold on to it for a little longer to reap the expected bountiful results.



GALA BUSD: Everything You Need To Know 

Dai is a crypto based on the Ethereum network. Its main defining feature is the fact that it's a stablecoin.

Dai works alongside MakerDAO, and the Maker Protocol, to ensure the stability of its coins is maintained throughout its existence.

Maker Protocol is open-source software, which, due to its nature, is accessible by anyone. It sits on the Ethereum network seamlessly, allowing Dai to carry out its operations to remain a stable crypto coin.

## How do stablecoins work?

Stablecoins are extremely popular in the crypto world, as they provide stability and regularity in the heavily volatile crypto world. In simple terms, [stablecoins](/news/article/what-are-stablecoins) are cryptocurrencies that match the US dollar in value. Essentially, its exchange rate with the USD will always remain 1:1 - if things are going well, that is!

This means that even if the crypto market is falling, a stablecoin, like Dai, will stay at the same ratio as the dollar. In fact, there are several reasons why you might want to hold on to a stablecoin instead of US dollars in fiat:

•	A stablecoin is less likely to be affected by inflation when the government prints too much fiat currency.

•	Stablecoins, like Dai, provide a borderless and international mode of payment that seamlessly transfers anywhere in the world in minutes.

•	The cost of transactions with these stablecoins is lower, too, with most options only requiring some cents per transaction.

## Types of stablecoins

Why are these coins, including Dai crypto, able to match the US dollar's value and stay par with it? Well, there are multiple ways to achieve that feat - mainly three, to be specific.

## Algorithm-based stablecoins

With these coins, particular algorithms are set to allow the crypto to match the USD's value. These projects will consist mainly of two different tokens representing the same organization: one to deal with the market's volatility and the other to stay level with the dollar.

This is the slightly more uncommon route we see in the crypto industry regarding stablecoins, as the other two models follow are more popular. Both the following models are based on the concept of collateralization, so we'll delve a bit into that before we talk about the models themselves.

## Collateralization

You may have heard of the term "collateral". It is a common term and an important factor in obtaining loans. If you're not familiar with collateralization, [here’s](https://www.fe.training/free-resources/corporate-finance/collateralization/) a great source of information where you can learn about the topic in depth.

To put it briefly, collateralization is securing a loan by providing a valuable asset in return to the lender. The asset that's provided as security to the lender is called collateral. Dai's approach to being a stablecoin in the crypto industry also follows the collateralization route.

## Crypto-backed collateralization

In this case, users provide cryptocurrency as collateral to obtain that project's tokens. To get their crypto back from the platform, they need to return the exact amount of tokens they borrowed plus a processing fee.

If we're talking about Dai crypto, in particular, it makes use of Ethereum as crypto collateral. So, users keep Ethereum in the vault of MakerDAO as collateral to receive Dai tokens in return. And, when they're looking to retrieve their Ethereum, they need to pay the exact amount they loaned in Dai, plus a fee on top. This is how the platform maintains stability and consistently matches with the USD.

## Fiat-backed collateralization

This follows the procedure of the crypto-based method, but uses fiat instead of cryptocurrency as collateral. Users can provide any fiat currency as collateral to receive that platform's token and then vice versa when they need to return it. Tether USD or TUSD is a popular stablecoin that follows this strategy to stabilize itself.

## What makes Dai crypto unique?

A major factor that makes the Dai crypto unique is that it was one of the first projects to introduce the idea of decentralized finance or DeFi. Its usage of stablecoins and matching with the exact value of the dollar, but more liquid and accessible, meant that it seemed more viable for the future.

Dai crypto is also one of the few stablecoins based on Ethereum using crypto collateralization. It also offers great incentives and security for users. One huge security factor with Dai is that it maintains a specific ratio of 150% of Ethereum kept as collateral to the amount borrowed in Dai. This means that to borrow $10 worth of Dai, one would need to keep $15 worth of Ethereum as collateral with MakerDAO.

And, if this ratio is ever broken or inconsistent, the user can appeal and receive a proportion of the collateralized Ethereum in compensation.

## Anomalies with Dai crypto

Dai has remained pretty stable over the years, with the crypto matching the USD value with a 1:1 ratio. However, there was one incident where it spiked to $1.11 in value. An increase of 0.11 might not seem much in the crypto world usually, but it's massive for a stablecoin.

It's worth noting that this happened during the COVID-19 pandemic when the market was extremely volatile. Apart from that, Dai has remained one of the best stablecoin options in the market, if not the best.

## Integration with applications and MKR token

MKR is the main crypto token of the MakerDAO platform and is tied heavily with Dai. Its primary role lies in the governance and operation of Dai. Holders of the MKR token have a say in the future of Dai. They can have voting rights, with the main idea being [decentralized governance](https://makerdao.com/en/governance/) for the Dai crypto. There are various forums and voting platforms where holders can have their say openly.

## Other applications

Various applications use Dai and accept it as a means of payment. These include crypto exchanges and platforms, such as [Coinbase](https://www.coinbase.com/), [Metamask](https://metamask.io/), and [Ledger](https://www.ledger.com/). Some popular Metaverse games also accept payment in Dai - notable names include [Sandbox](https://www.sandbox.game/) and [League of Kingdoms.](https://www.leagueofkingdoms.com/)

## Final thoughts on Dai crypto

The fact that Dai is accepted widely by many big-name applications shows that it's seen as a reliable crypto token. Accessibility is a big factor in making cryptocurrencies important for users. Dai does just that with its usability and stability.

Another crucial aspect that Dai implements well is integrating the community and users within the project. It's important, today, to involve your community in your operations, especially as a crypto-based project.

Dai looks to stay strong moving forward, with a great foundation like MakerDAO supporting the project. Hopefully, we have a lot more to come from the project in the future too!


green image of euros and altcoins with dai crypto in centre

Dai Crypto Contribution to the Stablecoin World

Hopes for a cryptocurrency market recovery have created a bullish Bitcoin price prediction for 2025.

In 2022, the cryptocurrency market experienced a significant decline in value, losing around $1.4 trillion. The industry was plagued by liquidity problems and several bankruptcies, culminating in [the failure of the exchange FTX](/news/article/is-crypto-dead).

However, according to Anthony Scaramucci, 2023 will be a year of recovery for Bitcoin. He predicts it could reach $50,000 to $100,000 within the next two to three years. He also emphasized that investing in Bitcoin involves taking on risk, but as we have faith in its increasing adoption, we could see things going the right way.

## Why are experts expecting a bull run in 2024-2025?

Interviews with industry experts by [CNBC revealed](https://www.cnbc.com/2023/01/16/bitcoin-price-prediction-2023-investors-see-12000-to-30000.html) that the crypto market goes through regular cycles every four years. These cycles involve the cryptocurrency reaching an all-time high, followed by a significant correction and a period of recovery. The key event that precedes these cycles is known as "halving," where the rewards for mining Bitcoin are cut in half.

This slows down the supply of Bitcoin in the market, as there will only ever be a maximum of 21 million in circulation. Halving events, historically, have been followed by a bullish market trend, with the next halving set to occur in 2024. And for that reason, when we see a Bitcoin price prediction 2025, we tend to have a [bullish outlook](/news/article/will-bitcoin-go-back-up).

Nevertheless, Meltem Demirors cautioned that the events of 2022 have inflicted severe harm to the reputation of the cryptocurrency industry and the asset class as a whole. He said it would require some time for trust to be restored.

## Other factors that could influence Bitcoin pricing

As well as watching the cryptocurrency market, it is worth paying attention to the broader economic situation. We have already seen a strong correlation between crypto and risk-oriented assets such as stocks, specifically the technology-heavy Nasdaq. These assets are impacted by fluctuations in interest rates determined by the Federal Reserve and other macroeconomic factors.

Last year, the Federal Reserve's attempts to decrease inflation by raising interest rates resulted in negative effects on risk assets.

green image of anthony Scaramucci pointing at falling bitcoins

Bitcoin price prediction 2025: Scaramucci's view

## How to summarize the Sweatcoin crypto offering?

Imagine if someone walked up to you and said you could be paid just to take a stroll. You know, earn money to stay fit and in shape.

Crazy right?

Your alarm bells would go off, unless you're some kind of professional athlete or you aspire to be one.

Those of us with their bells ringing can attest that when things sound too good to be true, you're right most of the time. But in my case, the steps of more than 120 million users of Sweatcoin drowned my alarm bells and triggered my fear of missing out (FOMO).

I had to check the app, and I'll share what I've learned so far.

## SWEAT crypto move-to-earn history

SWEAT, or Sweatcoin crypto, is a cryptocurrency one can earn by simply walking. It launched in 2016 as a pioneer in the move-to-earn app space by co-founders and fitness enthusiasts Oleg Fomenko and Anton Derlyatka.

The original [Sweatcoin](https://sweatco.in/) app paid users in-app coins to do physical activity. But these in-app coins, known as Sweatcoins, weren't cryptocurrencies because the mobile app wasn't built on a blockchain. It would take nearly six years for that to happen, ushering in the SWEAT token as a cryptocurrency that can be exchanged for fiat money or other digital assets.

## How the SWEAT token works

For your first 5,000 steps of the day, you get 5 Sweatcoin crypto tokens, a departure from the original reward system of 1 Sweatcoin for 1,000 steps. In the words of the SWEAT team, SWEAT works by having validated steps mint tokens that can be exchanged for gift cards, product discounts, digital assets like altcoins and [NFTs](/news/article/free-nfts), and fiat currency.

On the SWEAT Economy website, we get a glimpse of the current state of the ecosystem and the direction development and community building are heading. Described as The Open Economy of Movement in its litepaper, SWEAT describes the minting of Sweatcoin crypto as a form of contribution to the ecosystem and society.

Each Sweatcoin crypto token earned will be harder than the previous one. That is to say that although 1,000 steps generate 5 SWEATs, it'll gradually mint fewer and fewer SWEAT tokens in the coming months and years.
It's an intentional incentive to increase the physical activity of their users. 

Inactivity is deterred by a Decentralized Autonomous Organization (DAO) fee as a check to SWEAT token inflation and a way to keep users accountable for their physical activity journey.

When it comes to tokenization, SWEAT has several ways to generate value for its token. Advertising plays a significant role. Across its web 2.0 and web 3.0 platforms, it has more than 120 million users. As a business or tech project looking to reach nearly half a billion eyeballs, you'd need to pay substantially and do so in SWEAT crypto.

Then there are premium subscriptions users can pay for a better app experience. Some of these incentives include NFTs, exclusive markets, and social channels.

Individuals will be in charge of their data to do with it what they like - including selling it to whomever, if the individual so desires, via SWEAT.

## Features of Sweatcoin crypto

Some of the features of SWEAT crypto include:

•	Transfer: SWEAT uses its vast platform of more than 120 million users to attract businesses that offer products as opportunities to gain customers. The SWEAT team tries to find a balance where its shows products and advertisements that truly improve users' lives.

•	Staking and rewards: SWEAT incentivizes users to stake their SWEATs for interesting yields. Some of these motivations include lower transaction fees, premium services, and extended SWEAT minting limits per day. The rewards in the apps are better as well.

•	Fiat on-ramps: Thanks to MoonPay, users can pay for SWEAT crypto tokens using fiat currency from credit cards. And the SWEAT team is working to include other cryptocurrencies as well.

•	NFTs and Games: Here, SWEAT developers are working to bring engaging and fun games with interesting NFTs to inspire users to compete for SWEATs. This is quite similar to what you see on move-to-earn projects like Genopets.

## Takeaways

Looking to the future, SWEAT crypto is expanding its DeFi services. First, it is looking to develop governance and on-chain via the SWEAT DAO.

Then there's the NFT marketplace and decentralized exchange integration. A flurry of activity is headed to an entire economy of movement, with better movement validators for physical activities such as swimming and cycling, and better opportunities in movement data analytics.

The downturn in the economy has dealt a huge blow to Web3 enthusiasts. Across the board, NFTs, cryptocurrencies, and crypto projects have lost as much as 90% of their value. The app looks promising, and the founding team is passionate and talented; time will decide if this project will succeed.


green image of person walking with sweatcoin move-to-earn company logo on top

Sweatcoin Crypto and What You Need to Know 

The crypto market in the UK has seen a significant jump in value in the new year, with [BTC](/news/article/buy-bitcoin-cash-uk) prices seeing a 3.45% hike and SHIB experiencing a 2.08% increase, among other cryptocurrencies. So far this year, the crypto scene has been optimistic. The hikes mentioned above have all happened over a 24-hour period alone.

And it isn't just Bitcoin and SHIB. A selection of other cryptocurrencies have seen a similar price hike. These include such altcoins as Solana (SOL), with a jump of 3.31%, and Ethereum (ETH), number two to BTC, successfully crossing the £1,143 mark with a 0.76% price hike. [Polygon (MATIC) has also seen a significant 2.61% hike](https://www.binance.com/en-IN/price/polygon).

Fetch.ai is running its bull period in full force and has seen a whopping 18.23% rise in the last 24 hours alone. The token's value has skyrocketed, by an impressive 99.43%, in the last week alone. 

Crypto prices UK are on the rise along with the global crypto market
After a bruising 2022, the cryptocurrency markets have started this year with a more positive energy. The global crypto market has seen a 2.01% increase in 24 hours. The market cap stands at £739.21billion now. There has been a 23.88% increase in the total crypto value in a day. It now stands at £46.57 billion.

## BTC hikes by 3.45%

With a 3.45% price hike in the last 24 hours, BTC is now valued at £15,394. [There has been a long wait for BTC to cross the $18,000 mark](/news/article/bitcoin-forecast-2023). 

![btc.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/btc_a60e1ac602.png)

![btc2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/btc2_fa0d093951.png)

Inevitably, the rise in price for Bitcoin, the leading cryptocurrency, has subsequently increased the trading volume by 34.55% too.
  
## SHIB rises by 2.08%

This token, which started as a meme, has seen a 2.08% hike over the last day. The crypto is now valued at £0.0000078 with a £4.72 billion market cap. The trading volume also saw a spike of 6.12% as the price increased.

![shib.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/shib_47feb1fdd0.png)

  
  


blue image of crypto prices on trading mobile app

Crypto Prices UK: BTC and SHIB on the Rise

Luna Classic (LUNC), formerly Terra Luna (LUNA), was given a new name after a disastrous crash. After the collapse, Luna Classic news said the recovery procedure would be carried out to create a new chain supporting future transactions.

Terra Classic (LUNC) created the stablecoin TerraUSD by destroying LUNA with the help of smart contracts. 

TerraUSD's price was fixed to the US dollar for 18 months before being unpegged to retain its value against it.

This unpegging resulted in the death of TerraUSD and the LUNA coin. To validate transactions, the new LUNA will employ the Proof-of-Stake mechanism, which can also be used for passive revenue. The project has a total supply of 6.88 trillion coins, and the price reached an all-time high of $119.18 in April 2022.

## Luna Classic news and Do Kwon

In recent Luna Classic news, it was reported that South Korea was attempting to revoke Kwon's passport, which might compel him to return home. According to [Bloomberg's](https://www.bloomberg.com/news/articles/2022-10-06/crypto-fugitive-do-kwon-is-set-to-lose-his-south-korean-passport) Luna Classic news, a request has been made to the country's Foreign Ministry to cancel the travel passport. A warrant for his arrest and those of other members has already been issued.

According to Yonhap News, Seoul Southern District Court Chief Warrant Judge Hong Jin-Pyo has cancelled the arrest warrant for Terraform Labs co-founder Shin Hyun-Seong and other Kwon partners. The judge found "minimal chance" that Shin or Terra associates would destroy evidence connected to the crypto firm's claims.

The announcement is a relief to Terra Luna Classic investors, who had been worried about the implications of the arrest warrants on the cryptocurrency corporation and its price.

According to the report, Terra co-founder Do Kwon is unlikely to return to South Korea due to ongoing legal processes.

Even though many [cryptocurrency](/news/article/cryptocurrency-crash) investors blame Kwon for their losses and the current bear market, he has remained socially engaged after Terra's collapse. In September, the Terra co-founder declared that he was "making zero attempts to hide" from the police.

He even participated in a live webcast with the infamous hedge fund manager and pharmaceutical executive Martin Shkreli. They discussed FTX and Shkreli's time in prison.

[Terra Classic (LUNC)](/news/article/terra-luna-classic) had a modest price boost due to this being regarded as a good occurrence for LUNC investors.

## Price analysis

The LUNA Classic (LUNC) price has increased in the previous 24 hours. During that period, the altcoin's price increased by 0.47%. Much of the weekly gains have been erased due to daily chart losses.

With the demise of [FTX](/news/article/ftx-uk-warning), LUNC has been teetering on the brink of a negative trend for some time. The coin lost more than 10% of its market value in November. LUNC is currently displaying consolidation beneath its immediate resistance mark.

There is a new update on the development front - the first look at TerraDart's new Alpha bundle. TerraDart is a Dart SDK used for developing applications that connect with the Terra blockchain, which has released a new package named Alpha. The Alpha package has been made available in Flutter and Dart environments to interface with the LUNC blockchain.

## LUNC's 2025 forecast

According to Telegaon, the lowest and maximum LUNC pricing in 2025 will be $0.0089 and $0.028, respectively.

Other analysts believe that LUNC's average price in the coming year will be $0.015, based on its recent performance.

Coinpedia, on the other hand, is less hopeful about the future of Luna Classic. In 2025, LUNC is expected to trade at a high of $0.002846 and a low of $0.001094. It will cost $0.001776 on average in that year.

## LUNC's 2030 forecast

Telegaon remains confident about the prospects of LUNC in 2030 as well. It forecasted that LUNC would trade as high as $5.23 and as low as $1.93 in 2030, with an average price of $3.11.

LUNC's price, on the other hand, is expected to oscillate between $0.002603 and $0.002834 in 2030, according to Bitcoin Wisdom. According to the forecast, its average price in the given year will be $0.002719.

## Technical analysis

In November, the coin demonstrated a positive divergence, following which the price of LUNC increased somewhat. 

Despite this, the bulls were unable to increase their strength. The Relative Strength Index was nearing 40, indicating that the coin was approaching the oversold zone.

Likewise, the LUNC price was lower than the 20-Simple Moving Average line, indicating a lack of demand. The reading also suggests that sellers were driving the market's price momentum.

The Chaikin Money Flow model represents capital inflows and outflows at a certain time. The indicator was below the half-line, indicating that capital inflows were modest. Regarding purchasing power, capital inflows have also decreased due to a lack of investor interest.

The Directional Movement Index displays the asset's overall price direction and trend. DMI was negative because the -DI (orange) line was higher than the +DI (blue). The Average Directional Index (red) was below 25, suggesting that the present price movement is losing strength.

LUNC is now selling at a price 100% lower than its all-time high, set around nine months ago.

## Conclusion

When making a LUNC coin price forecast, consider that cryptocurrency markets are still very volatile. This makes it impossible to precisely anticipate a coin's price in a few hours and even more challenging to make long-term predictions. As a result, analysts and algorithm-based forecasters can and do make incorrect forecasts.

If you are considering investing in crypto, we urge you to do your own research first. Before making any investment choice, consider the most recent market trends, news, technical and fundamental analysis, and expert opinion. 

Remember that previous success is not an assurance of future results. Only trade with funds you can afford to lose.


green image of luna classic logo over blockchain background

Luna Classic News: What's the Future?

Bitcoin Cash is an electronic cash system that aims to become a reliable worldwide currency with rapid transactions, low costs, anonymity, and colossal processing capability. But where in the UK can you buy it?

[Bitcoin Cash](https://bitcoincash.org/) payments are delivered directly from one person to another in the same manner that real money is handed to the person being paid.

This coin is a fork of Bitcoin. The original and forked versions of Bitcoin were identical until the split occurred. From then on, the two networks operate separately.

## Buy Bitcoin Cash UK: Which major exchanges support BCH?

1.	Binance - In daily trading volume terms, the most significant exchange in the world
The [Binance account](https://www.binance.com/en-IN/how-to-buy/bitcoin-cash) serves as a conduit for purchasing cryptocurrency. However, before you can buy BCH, you must first register an account and authenticate your identity.

Then, it's time to select how you wish to purchase the BCH asset.

(a) Credit and debit cards
A simple way for beginners to buy Bitcoin Cash (BCH). Binance accepts Visa and MasterCard.

(b) Bank deposit
From your bank account, you can transfer fiat currency to [Binance](/news/article/guide-to-binance-uk). That can then be used to buy BCH. Consider purchasing a stablecoin like USDT or BUSD first and then using that coin to purchase BCH.

(c) P2P Trading
Use Binance's peer-to-peer service to purchase Bitcoin Cash (BCH) directly from other users.

(d) Payment via third party
There are several third-party payment mechanisms available. Some include Zen, Inswitch, Truelayer, Simplex, GEO Pay, Bifinity, ADVcash, and Bank Transfer (BBK).

2.	Uphold - A global, multi-asset digital trading platform
When you are ready to buy Bitcoin Cash UK-style, Uphold is a well-known United Kingdom exchange that offers more than 80 cryptocurrencies. Uphold takes compliance seriously and is registered with the Financial Conduct Authority (FCA) under the FCA's Temporary Registration Regime for crypto assets businesses.

Uphold offers a straightforward desktop trading platform and an innovative mobile trading application. The trading interface is adjustable with the assets you trade the most while having an effortless, contemporary appearance on both desktop and mobile. It is a popular and acceptable option, especially for beginner traders.

3.	Guarda - A multi-platform, non-custodial exchange
Guarda Wallet is a secure place to save your BCH. Guarda makes it simple to buy BCH and send it to anybody and anywhere with their address. It is the ultimate crypto management solution which now supports 50 blockchains and more than 10,000 coins.

At the same time, you can instantly receive Bitcoin Cash from anybody using a web browser, mobile phone, or desktop programme. It is a secure and straightforward method to obtain BCH immediately in your wallet with a debit/credit card or a SEPA transfer.

4.	Kraken - A global marketplace for digital assets
The simplest way to get BCH is through a digital asset exchange [like Kraken](/news/article/kraken-review).

## Buy Bitcoin Cash safely and simply by following these steps:

(a) Register for an account
Start choosing a username and password, enter your email address, and you're ready.

(b) Obtain verification
You can buy BCH and other cryptocurrencies using "Starter" authentication. Just provide your name, birth date, nationality, and phone number.

(c) Deposit cryptocurrency or cash into your account
To deposit cryptocurrency to Kraken, you must create a new address to receive funds from your crypto wallet. SWIFT, SEPA, and domestic wire transfers can be used to fund your trading account.

(d) Invest in BCH
You're ready to buy BCH after your account has been loaded with funds.

5.	eToro - Overall best Bitcoin Cash UK buying platform
The FCA has approved and regulated eToro. As a result, you can easily buy your favorite coins in the United Kingdom in a safe, secure, and regulated environment with [eToro](/news/article/etoro-fees).

To open an account with eToro, furnish the exchange with your personal information and pay a minimum deposit of $10 (about 8.18 Pound sterling). You may fund your account instantly with a UK debit/credit card or an e-wallet like Skrill or Paypal. The eToro platform also supports bank transfers from the United Kingdom.

6.	Coinbase: By trading volume, the largest crypto exchange in the US
Coinbase is the best place to buy this coin from the UK if you are a beginner. Coinbase can be accessed online or through the Android/iOS mobile app, providing a seamless user experience.

Once you register an account with Coinbase, you can buy Bitcoin Cash promptly using your UK debit or credit card. This is the simplest but most costly method, with Coinbase charging an all-in commission of 3.99%. To avoid expenses, try depositing funds using a free UK bank transfer.

## Buy Bitcoin Cash UK: Final thoughts

Maintain the security of your funds and transactions at all times. Always trade on reliable exchanges, read user ratings and comments, and double-check the addresses to which you're sending your coins.


Buy Bitcoin Cash UK: Where to Go

The [Quant Network](https://quant.network/) serves as the foundation of the Quant project. Quant coin is its native token.

The network uses the Overledger operating system to automate the trust processes between various blockchains. The system is marketed as the first operating system (OS) designed specifically for blockchains. Its objective is to globally connect blockchains and networks (such as those for delivering financial services, healthcare, and other services) while preserving their interoperability.

The Overledger serves as the foundation on which a future digital economy ecosystem is planned. This will enable its businesses and developers to create decentralised multi-chain applications, or mApps, for the benefit of their clients. 

However, joining Overledger will require using Quant coin, which is used to pay for platform use fees or annual licences.

## How does Quant function?

The [network](/news/article/flare-network-explained) enables blockchain developers to launch multi-DLT Dapps (mDApps) on multiple blockchains simultaneously. 

This interoperability eliminates the risk for a developer who will invest time and money in developing a [blockchain](/news/article/what-is-blockchain) that will become obsolete in a few years.

The platform's multi-chain smart contracts adhere to the guidelines established by security token issuer QRC. These tokens are distributed across multiple blockchains and supported by escrow accounts. The REST API from Quant's multi-chain operating system, Overledger, can query mDApps regardless of the chain.

Quant is one of several blockchains attempting to achieve interoperability and end the era of "blockchain maximalism," in which a blockchain develops a cult-like following who assumes that only their preferred blockchain will succeed.

While Quant is not on the [Ethereum](/news/article/the-merge-ethereum-nft-impact) Virtual Machine (EVM), it does allow businesses to interact with it via the Overledger API. Several other blockchains, including [Avalanche](/news/article/avalanche-bridging), Binance Smart Chain, and Fantom, are EVM-compatible. That means developers can redeploy apps on different blockchains without spending extra resources.

Token bridges such as Multichain, Ren, and Wormhole enable synthetic token variants to move across blockchains. Cosmos' Inter-blockchain Communication Protocol makes it simple for IBC-compatible app chains to collaborate. Quant's focus, on the other hand, is on connecting private blockchains (such as ConsenSys' Quorum and R3's Corda) with public ones (like Ethereum).

## Quant coin

In 2018, Quant launched its QNT [token](/news/article/how-to-buy-spell-token). It's an ERC-20 utility token (stored on the Ethereum blockchain) used to pay for the licences and annual fees required for developers to access the network and pay for Overledger items.

The token began trading at around 27 cents and rose to about $12 by the beginning of 2021. It peaked at $428 in September 2021 before falling below $100 by the end of January 2022.

The maximum supply of QNT is 14.6 million. Because the initial coin offering did not sell out in time, the network burned 9.5 million of the existing supply (worth $6.2 million at the time), bringing its total supply to 14.6 million by April 2019. 

During a public ICO, Quant distributed nearly 10 million QNT, reserving 2.65 million for operations, 1.3 million for company founders, and 650,000 for advisers. Although the supply is fixed, the circulating supply may decrease over time.

The QNT price is currently trading at $119.25, a 0.53% increase from the past 24 hours as of the time of writing. The recent price movement in Quant has resulted in a market capitalisation of $2,937,831,886.72.


Quant Coin Explained

The Boba coin price has been bullish in recent times. Why is that?

Boba Network is a brand-new platform that provides lightning-quick transactions and costs up to 100 times lower than Layer-1. For the first time, the power of Web2 will be available on-chain through a technique called hybrid computing. Execution of complicated algorithms like machine learning classifiers or data collection from the actual world can be accomplished by smart contracts by calling any external Web2 API.

## Bullish trend

Boba coin is designed to help people save money when they buy gas. This coin has an inbuilt discount system that allows you to get a 25% discount on your gas fees.

Among the various cryptocurrencies, Boba coin price has experienced [a bullish trend over the past month](https://coinmarketcap.com/currencies/boba-network/). Its price has been steadily climbing over the last three days. However, it is still in a relatively low range. A slight correction is expected in the next few days.

In the short term, Boba might see some resistance levels. 

Several factors could influence its value. For instance, regulations and taxes could make it more expensive to invest. Also, technological developments and news events could affect its prices.

Another factor that may be influencing the Boba coin price is celebrity endorsements. Many celebrities promote NFTs on social media, which could help drive the price higher. Similarly, government plans can have a positive impact on the market. To determine the direction of the price, most investors use a combination of technical and fundamental analysis.

## Boba coin price on the cryptocurrency market

The current BOBA value is [$0.1868, with a market cap of $63,397,682](https://www.coingecko.com/en/coins/boba-network). Many factors, such as government regulations, technology advancements, and tax policies, influence the token's exchange rate.

Boba aims to become a pragmatic L2 and gain adoption from developers and users. The network also aims to gain more accessibility to the market by implementing an open-source, decentralized network. It uses Ethereum as a settlement layer, making transactions faster and cheaper.

The network experienced a bullish period in the past year. It gained 28% over the 14 days leading up to 8 April 2022. The market capitalization of the token increased by 44.9%, indicating that the price was relatively stable. The average daily transaction fee was also high.

There is a potential for the Boba coin price to drop a bit because the COVID-19 pandemic caused economic distress across the globe. News events have impacted the crypto markets. Some newsmakers have been promoting NFTs on social media. It is also possible that [new DeFi protocols may be deployed on the platform](/news/article/what-is-a-defi-token), which would challenge OolongSwap's dominance.

In the future, the network will increase its value, boosting market sentiment among cryptocurrency enthusiasts.

## BOBA tokens offer a 25% discount on gas fees

Using the BOBA token, developers can plug code into algorithms on web-scale infrastructure to create complex problems. This platform is compatible with the Ethereum network, allowing users to transfer money faster than conventional Layer 2 solutions.

This platform will provide users with near-instant transfers between L2 and L1 while also providing low costs of transactions. It's built on optimistic rollup architecture, making possible sophisticated algorithms on-chain.

The network features an incentivized yield farming mechanism for liquidity providers. This enables users to earn interest on digital assets. They can pay for gas with their native BOBA tokens, boosting user options and trading volume.

Boba's Hybrid Compute mechanism allows for fast transactions and can process more than 60x more transactions than traditional Layer-2 solutions. It also provides on-chain access to games, enabling game development on the blockchain. The network plans to expand to other L1s, attracting developers and game enthusiasts to the platform.

Boba's circulating market cap surged in Q3 2022, a result of high activity. However, the overall market cap stayed relatively stable, indicating that the token's value was not a major driver. Its TVL has remained steady, declining since the spike.

The network has two key contributors: OMG Network, formerly known as OmiseGo, and Enya, a blockchain infrastructure company. The company has been responsible for implementing the Fast Exit to L1 protocol and cross-chain bridging.

Boba has the potential to be a key player in the DeFi ecosystem. The platform's unique features can help users build a better, more robust blockchain game. As the number of new contracts deployed on the network grows, it will likely be a significant driving force in the future.


Boba Coin Price Analysis

According to CoinGecko statistics, the value of [ADA](/news/article/cardano-price-prediction) increased by more than 21% late Sunday, re-entering territory not seen since November. Cardano, the eighth-largest cryptocurrency by market capitalisation, witnessed its price surge to $0.33, a level not seen since 19 November. Cardano's value increased faster than that of the top two cryptocurrencies, Bitcoin and Ethereum.

## Why has the price of Cardano risen? 

The reasons for the jump in ADA this week need more examination. The blockchain's most recent key milestone was the September deployment of the [long-awaited Vasil split](/news/article/cardano-vasil-hardfork). Nonetheless, Cardano co-founder [Charles Hoskinson](https://iohk.io/en/team/charles-hoskinson) has recently received considerable attention.

Hoskinson's company, Input Output HK, is preparing for the upcoming release of the Lace Cardano wallet. In June, Hoskinson announced the establishment of Nessie's, a restaurant and whiskey bar accepting ADA. Hoskinson also announced on Thursday that his new Hoskinson Health & Wellness Clinic in Wyoming would accept ADA as payment.

## Views on the price of Cardano going up 

Cryptocurrency [trader](https://www.benzinga.com/markets/cryptocurrency/23/01/30325079/ethereum-rival-cardanos-20-surge-amazes-analyst-did-they-figure-out-a-cure-for-cancer) Lark Davis was shocked by ADA's remarkable price jump, asking: "Did they discover a cure for cancer or something?".

Dan Gambardello, a trader, has publicly claimed that ADA is cheap and oversold.

## The price of Solana also increases

Solana had the best opening week of the year of any top-20 coin, with a 60% rise in seven days. It's a stunning comeback for SOL, which fell more than 41% in the aftermath of the [FTX crash](/news/article/ftx-bankrupt-who-to-blame). Solana, sometimes dubbed an "Ethereum killer," was a favourite of Sam Bankman-Fried. 

According to CoinGecko, the disgraced founder's fall from grace last autumn brought Solana with it, down 94% from its all-time high of $259 recorded only one year previous. Last week's increase occurred as Solana creators released a new, Shiba Inu-themed BONK currency to compete with SHIB. Even though the launch celebration was short-lived, BONK outperformed all major cryptocurrencies during the week.


cardano cryptocurrency coin over image of crypto trading app with green filter

Price of Cardano and Solana Up 21%

[Dogecoin](/coins/doge) introduced a new genre among cryptocurrencies, which is meme coin. It was followed by the tokens like [Shiba Inu](/news/article/shiba-inu-coin-burn), Baby Doge, Dogelon Mars, and others. Now, a newcomer, [Tamadoge](https://tamadoge.io/) is making waves in the industry. 

The [meme coin](https://www.investopedia.com/meme-coin-6750312) introduces you to the Tamaverse. It is a fun play-to-earn (P2E) game where these tokens are the natives. The gameplay and the platform's working are similar to [Axie Infinity](/news/article/axie-marketplace-platform). Here, Tamadoges are your NFT pets; you can breed, mint, train, or fight battles with them.

Are you wondering what’s the hype about Tamaverse and whether you can generate profits with TAMA? Let’s find out!

## How does the Tamadoge P2E platform work?

Tamaverse introduces a complete crypto game that could compete with top-rated [play-to-earn games](/news/article/play-to-earn). The ecosystem is inspired by Dogecoin, and the game is themed on it. It offers its native cryptocurrency, Tamadoge (TAMA), and Shiba Inu-like non-fungible tokens. 

It is an idle fighting game that you have to play with your pet Tamadoges. You can train them for the fights and breed and mint them to get more NFTs. You can also improve your ranking on each month’s leaderboard as you win battles. 

Moreover, the game plans to create augmented reality-based gaming experiences in the coming years. It will allow you to socialise with fellow gamers through your NFT characters. Therefore, Tamaverse is considered to be a much more advanced version of the Doge ecosystem.

## What’s Tamadoge crypto (TAMA)?

Tamadoge crypto is the utility token on the platform. You can make all types of trades within the ecosystem through TAMA. Currently, each TAMA token’s value is $0.01712, according to [CoinMarketCap](https://coinmarketcap.com/currencies/tamadoge/). Furthermore, there is a max supply of 2,000,000,000 tokens with a market capitalisation of $22,601,744. 

It is a deflationary token, so there are currently 1,418,004,176 TAMA in circulation. From the total supply, 50% was introduced in the market at the presale, and 20% was reserved for the exchange pool. Another 30% is dedicated to future Tamadoge projects and will be unlocked in 10 years. 

## Tamadoge: Why all the hype?

Although it has many similarities with meme coins, it is backed by an innovative and diverse project. It is the first project which is not only famous for [memes](/news/article/elon-musk-memes) but also offers various utilities. 

The token was launched in July 2022 and already has a market cap of $22,601,744. It is a remarkable feat for any blockchain project undertaken in a crypto winter. Moreover, the crypto has also made its all-time high of $0.1957 a couple of months back. It is showing an upward movement of around 28% in the past 24 hours.

The platform aims to shape a Metaverse through P2E gaming and incorporating augmented reality. That's why it is gaining the attention of both the meme community and gamers. Because of this, it is well-positioned to make strides in the future. 

## How to buy TAMA?

If you are intrigued by this meme coin, here’s how you can buy it!

1.	Create an OKX account
Tamadoge is listed only on a few crypto exchanges as of now. However, OKX exchange is one of them, and you can easily purchase TAMA through it. Firstly, you have to create an account on the exchange. 

It is a straightforward task that requires your phone number, email, and a secure password. You can go ahead with the signup by providing these details and then confirm your account with the code link. 

2.	Purchase USDT
Afterward, you must purchase Tether ([USDT](https://news.monitalks.io/coins/usdt) to get TAMA coins. Use your card, debit or credit, to buy the stablecoin from OKX directly. If you already own USDT in another wallet, you can transfer the amount to the exchange wallet.

3.	Buy TAMA
With this, you will be all set to buy TAMA coins from OKX. Here, go to the Trade option and then click on Spot Trade. Then look for the USDT/TAMA trading pair and select the Market tab. Finally, enter the amount of Tamadoge you want and proceed with Buy TAMA. 

## Closing thoughts

Tamadoge is a new addition to the group of [meme coins](/news/article/memecoins-whats-popular). Since its launch, it has created much buzz in the industry in such a small span. 

Its diverse TamaVerse attracts gamers, too, as it offers P2E functioning. Also, as it aims to introduce AR-based experiences, it will further increase the use cases of the coin. Therefore, the hype for this new coin is very much justified.


Tamadoge 101 - A New Meme Coin

You can find many Bitcoin forecast articles in the market, talking about the future price predictions of this cryptocurrency. Let's explore and learn more about Bitcoin before we discuss Bitcoin forecast or price prediction for the coming years.

## Bitcoin overview

Bitcoin is a cryptocurrency, also known as 'digital gold', with no logistic or border constraints. 

It's unaffected by the central government pressures and refuses to be chained into defective monetary shackles. Bitcoin (BTC) allows you to store and transfer value in the cryptocurrency market, taking power away from financial institutions. According to [our current Bitcoin forecast](/coins/btc), Bitcoin’s value will rise by 0.70% and reach $17,264 by January 15, 2023.

Cryptocurrency:	Bitcoin

Ticker Symbol:	BTC

Price:	$21,964.06

Price Change 24h:	    +2.32%

Price Change 7d:	    +1.69%

Market cap:	$331,049,753,994

Circulating Supply:	19,228,537 BTC

Trading Volume:	$20,702,743,176

All-time high:  	$68,789.63

All-time low:  	$65.53

BTC ROI:         +12618.46%

## Bitcoin forecast: technical analysis

The [current Bitcoin price](/coins/btc) is $17,141, with a market cap of $366,203,862,174. Its 24-hour trading volume is valued at $27,097,274,450, with a circulating supply of 19,176,800 BTC. Supply is limited to 21,000,000 tokens.

•	Over the last few months, Bitcoin has faced a massive fall. Also, traders and investors are confronting FUD in the crypto market.

•	On June 19, 2022, Bitcoin dropped to $17,770 for the first time since December 2020.

•	Since November 2021, the cryptocurrency market has lost two-thirds of its market share.

The BTC crypto price has not crossed the $24,890 mark ever since.

As a part of any Bitcoin forecast, many crypto analysts say that this continual fall in the BTC price may reverse the coin's position in the cryptocurrency market with second-placed Ethereum. The great ETH 2.0 merge has happened, aimed at enhancing the network's scalability and speed. With this falling price, will BTC remain the king of crypto? Whether Bitcoin stays extremely profitable will depend on those who hold a big chunk of BTC.

## Reasons for Bitcoin’s price fall

To create a proper Bitcoin forecast, we need to understand why Bitcoin's price has declined recently. Many factors affected Bitcoin's price, including supply and demand. Moreover, in the crypto industry, many price fluctuations originate from the high volatility in BTC prices. Here are the main factors that impacted Bitcoin’s price in the recent past:

•	Approval of BTC as an official payment means in various countries around the globe.

•	BTC’s approval as a financial asset by corporations and companies worldwide.

•	Issues related to the legalization of cryptocurrencies at the legislative level.

•	Tackling problems like low transaction speed and high service fees.

•	The US Federal Reserve policy becoming stricter towards the crypto market.

## The crypto winter: can Bitcoin survive it?

It's not just Bitcoin suffering from crypto winter, but the entire cryptocurrency market. The primary reasons are high inflation, Terra LUNA's collapse, hikes in interest rates worldwide, and balance sheet tightening by central banks.

Bitcoin has already started recovering, making trades above $19,000. But crypto experts predict that the crypto winter will last for at least a year before we start seeing any positive outlook. Nonetheless, Bitcoin, as king of cryptocurrencies, is expected to survive this downfall. Experts believe it will emerge stronger, with a long-term improvement for the crypto market. It could be a good time to [consider buying Bitcoin](/news/article/btc-price-today).

## Bitcoin forecast: price predictions from 2023 to 2030

At the beginning of 2022, Bitcoin's price was around $46,300. In March this year, it reached $47,689. The Bitcoin price has been continuously falling since, killing the hopes of retail and institutional investors.

•	[GOV Capital’s technical analysis for Bitcoin](https://gov.capital/crypto/bitcoin/) forecast predicts that the BTC will reach $52,711.06 in one year. Five years down the line, it might even cross $235,503.

•	Another analysis from [Wallet Investor](https://walletinvestor.com/forecast/bitcoin-prediction) predicts that the Bitcoin (BTC) future price may reach $47,496.74 by 2027.

•	[Digital Coin’s](https://digitalcoinprice.com/forecast/bitcoin#:~:text=According%20to%20our%20current%20Bitcoin,15.13%2C%20which%20means%20extreme%20fear.) Bitcoin forecast indicates that the price will reach $18,833.66 by the end of January 2023.

BTC's expected maximum trading price is $24,199.85. The minimum is $16,909.59. Currently, Bitcoin's value has been trading in a consolidating range because of the bear market scenarios. But the coin will soon get back on track and gain momentum, getting over the bear market. 

Look at the BTC price prediction table below for reference.

![Screenshot 2023-01-04 at 08.52.27.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_01_04_at_08_52_27_1d09c06a88.png)

## Bitcoin forecast for 2023: Good idea to buy Bitcoin?

As per our BTC price prediction for 2023, Bitcoin’s maximum expected value is $34,933. Its minimum trading value will hit the $18,188 mark. People looking to trade Bitcoin in 2023 can expect an average price of $26,561 — the price rise is expected to be over 80% by the end of December 2023. Looking at these rising rates of the BTC, we can say that it’s a good idea to buy it as soon as possible to make the most out of it in the future.

![Screenshot 2023-01-04 at 08.52.52.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_01_04_at_08_52_52_ee4045cd8b.png)

## BTC forecast: BTC price prediction 2024

According to our Bitcoin price prediction, the average price of BTC in 2024 will be $40,832. In 2024, you can trade Bitcoin at a maximum trading level of $51,438 and a minimum value of $30,225. Look below for clarity.

![Screenshot 2023-01-04 at 08.53.10.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_01_04_at_08_53_10_bfe1e2acc2.png)

## Bitcoin forecast: BTC price prediction 2025

Based on our Bitcoin forecast, we can say that BTC is all set to have a bright future. In 2025, you can expect the BTC price to rise to $39,512 (lowest) and $62,723 (highest) at the start and end of the year, respectively. Its average price may be $51,118. Look below at the table to see Bitcoin's price for 2025.

![Screenshot 2023-01-04 at 08.53.24.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_01_04_at_08_53_24_3855e9dde7.png)

## Bitcoin’s correlation with other coins

Bitcoin is most positively correlated with these coins:

•	Wrapped Bitcoin (WBTC).

•	DeFiChain (DFI).

•	Nexus Mutual (NXM).

•	Ethereum (ETH).

•	KuCoin Token (KCS).

Having a positive correlation with other coins signifies that these coins follow the same price trend that of Bitcoin at the same time.

Bitcoin is most negatively correlated with these coins:

•	Celsius Network (CEL).

•	Waves (WAVES).

•	Bitcoin Gold (BTG).

•	Fei USD (FEI).

•	UNUS SED LEO (LEO).

Bitcoin’s negative correlation with these coins means that the price of these coins typically moves in the opposite direction as that of Bitcoin price at that time.

## Bitcoin forecast: final verdict

The fundamental principle of forecasts is that they can't be wholly accurate. Bitcoin forecast is no exception either. While not being accurate completely, we can’t overlook or avoid these forecasts since they lay their foundation on market trends.

Moreover, they come from industry experts, technical analyses, and influencers’ verdicts, bringing some credibility to the table. Looking at the current trends in BTC prices, we can predict that the rate will rise in the coming years. Those who buy Bitcoins now will make the most out of them in a couple of years.


green image of weatherwoman and bitcoin raining from sky

Bitcoin Forecast: 2023 and Beyond

The cryptocurrency market experienced a difficult "crypto winter" in 2022, with many [altcoins](/news/article/altcoin-buzz), including ETH, seeing significant price corrections of up to 70%. But Ethereum whales are contributing to the fightback.

Recently the cryptocurrency market has shown some positive signs in 2023, with Ethereum experiencing a surge in value after experiencing strong selling pressure following the [collapse of the cryptocurrency exchange FTX](/news/article/is-crypto-dead) last month. 

As of 4 January, ETH's price had risen 5% to $1,253, and its market capitalization had reached $153 billion. This improvement has been linked to increased activity by Ethereum whales, who have conducted over 600 transactions totaling more than $100,000 on the blockchain in the past 24 hours.

Here's what on-chain data provider Santiment [tweeted](https://twitter.com/santimentfeed/status/1610750951379599362) on the recent uptick in activity by Ethereum whales.

"As #altcoins have heated up, #Ethereum quietly rebounded back above $1,260 for the 1st time in 3 weeks. Though not quite at the level of the big whale dip buys on 16 December ($ETH's local price bottom), whales are showing increased interest again. "

![Screenshot 2023-01-05 at 10.39.18.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_01_05_at_10_39_18_48790ff4bb.png)
 
This increased activity from whales is a positive sign for Ethereum's short-term prospects.

## Ethereum co-founder expresses bullish outlook

Ethereum co-founder Vitalik Buterin has expressed a bullish outlook for the platform in 2023, following one of the worst crypto winters of market history in 2022. 

Buterin has announced plans to launch the ETH Improvement Protocol (EIP) 4884 in the near future. In response to a [tweet](https://twitter.com/VitalikButerin/status/1609209529706872833) by Balaji Srinivasan, Buterin stated that he is excited to achieve the "basic roll-up" milestone outlined in Ethereum's roadmap. The EIP 4884 is expected to bring significant improvements to the platform.

However, Buterin also stated several areas needing improvement within the cryptocurrency industry, including enhancing security for average users and improving scaling, privacy, and user experience. Despite these challenges, he remains confident in the potential of decentralized finance (DeFi) to play a significant role in the future financial system.


Ethereum Whales Fuel ETH Bounce Back

Launched in July 2020, [Anyswap](https://anyswap.exchange/#/dashboard) is a fully distributed protocol that allows you to swap tokens from various platforms. This protocol entered the DeFi space and facilitated cross-token exchange and trading, obtaining strength from its ECDSA Signature Support.

It can efficiently manage the token flow between various blockchains. Most cryptocurrencies, including XRP, [Litecoin](/coins/ltc), and Tether, use Anyswap. It’s also backed by Fusion’s Decentralized Control Rights Management (DRCM) technology.

## What makes it unique?

The Fusion Network powering Anyswap uses private key sharding: splitting the private key into several pieces. Various network nodes manage these parts to ensure that your assets are safe. Also, they are never mixed during trading or exchange to boost asset security further. Here are some other features of the platform that make it unique:

•	Open-source smart contracts that enhance security using individual audits.

•	Can help verify if a platform is decentralized.

•	Allows users to exchange cryptocurrencies instantly.

Not only this, ANY token holders can determine which coins they want to list on the Anyswap DEX, its decentralized exchange.

## ANY coins in circulation

In terms of the maximum possible supply, ANY cannot exceed 100 million. Currently, there are more than 17 million ANY coins in circulation. Initially, this was 15 million, including 5 million as a part of the liquidity provision when the platform launched. The remaining 10 million coins were earmarked for the community, to improve its user base.

## ANY price live data

The live price today, December 9, 2022, is $4.32, with a 24-hour trading volume of $486,218. ANY price keeps changing in real time: it’s up by 5.9% in the last 24 hours. [You can track the changing rate of Anyswap here](https://www.coingecko.com/en/coins/anyswap). ANY has a circulating supply of 0 ANY coins and a total supply of 99.7 million. The all-time highest price for Anyswap is $33.66, as noted on January 14, 2022. Its lowest value was $0.116838 on January 22, 2021.

## ANY trading

It is based on the Ethereum blockchain and supports all ERC-20 tokens. You can buy ANY coins through exchange platforms like Hotbit, 1inch, and SushiSwap. Some other platforms where you can trade Anyswap are PancakeSwap (v2), Uniswap (v2), and SpookySwap. Here are some popular Anyswap trading pairs in the market:

•	ANY/USD.

•	ANY/CAD.

•	ANY/AUD.

•	ANY/GBP.

•	ANY/INR.

•	ANY/PHP.


blue image of anyswap logo and people trading on a laptop

What is Anyswap? 

Circle Head of Global Policy and Chief Strategy Officer Dante Disparte said that the instability in the market over the past year might signify a shift in the technology to more stable and resilient businesses in the crypto 2023 market.

In a post for the World Economic Forum, Disparte highlighted the increasing use of cryptocurrencies in the financial industry and suggested that the ongoing bear market and problems with exchanges could ultimately result in the creation of a more responsible and reliable internet finance system.

He also pointed out that the cryptocurrency market's current situation may be similar to the dot-com bubble burst in the early 2000s, which resulted in the transfer of the future of the internet to more durable companies and use cases.

Disparte spoke from his position at Circle, the issuer of the USD Coin ([USDC](/news/article/usdc-coin-losses), a stablecoin tied to the US dollar. In addition, he is a member of WEF's Digital Currency Governance Consortium and a lifetime member of the Council on Foreign Relations.

## Could we expect more stability in crypto 2023?

According to Disparte, despite the disastrous year for cryptocurrency, which he compares to a [crypto](/news/article/yield-farming-crypto) ice age rather than winter, cryptography and blockchain will remain an important part of the current economic landscape.

He stated that 2022 was a horrible year for cryptocurrency markets, with one of the most destructive bear markets ever recorded and the failure of several big platforms. 

[Despite](https://www.bloomberg.com/news/videos/2022-11-11/circle-s-disparte-on-crypto-crisis-video) these barriers, he believes that mainstream financial institutions will eventually migrate to cryptocurrencies because the technology remains a prominent participant in finance.

He added that it is important to pay attention to the actions of big banks and mature financial services firms rather than their words when understanding the staying power of digital assets and blockchain technology, asserting his bullish views for crypto 2023 technology.

Disparte's statements come amid a shift in attitude among some of the most vocal opponents of cryptocurrency, who have now started to embrace it. Despite being repeatedly declared as failed or deceased (Bitcoin Obituaries Archive says more than 460 times), [Bitcoin](/news/article/how-to-buy-bitcoin-uk) and other cryptocurrencies have continued to grow in popularity and become more widely accepted.

Furthermore, Disparte reinforced his viewpoint in a recent opinion post for the Diplomatic Courier, calling it "disingenuous" for bankers to bash Bitcoin with one hand while attempting to usurp its ideas with the other.


Crypto 2023: Circle CSO Makes Prediction

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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