Leverage is a commonly used term in finance prevalent in the crypto trading world. What it refers to is the concept of borrowing capital for your initial investment so you can get better returns. 

It essentially defines the ratio between profit and risk for any investment. 

The prime purpose of leveraging is to enhance the chances of getting higher returns for an investment. However, with the higher options of profit comes higher risk. That’s why you must manage leverage efficiently to grow as a trader.  

Let’s learn about leverage and how it works in the crypto world.    

## What is leverage in trading? 

Leveraging is a way to increase your buying and selling power by borrowing capital from a broker or exchange. The broker provides you with the borrowed funds, and you have to return them with interest regardless of whether you make a profit.  

So, when you have increased trade power because of borrowed funds, you risk higher losses. Therefore, maintaining a balanced ratio between risk and profit is crucial for leveraging.  

In crypto, you can leverage by setting a certain margin or amount as collateral. It is also known as [margin trading](https://coinmarketcap.com/academy/article/what-is-margin-trading-and-how-does-it-work), where you can borrow funds and put higher collateral to increase your profit.

## How does leverage work in crypto? 

As we continue to ask what is leverage in trading cryptocurrency, we must understand how it works. 

Suppose you are doing leverage or[ margin trading in crypto](/news/article/how-does-crypto-trading-work) with a trade potential of around $1,000. In that case, the broker may offer leverages of 10x or 10:1. This means your initial trade value will reach $10,000 because of the borrowed amount. 

So, if you buy a coin with this investment and its price rises by 10%, you can make a profit of $1,000. If the coin's price goes down, you will have to bear a loss of $1,000. That's why leverage trading is a risky proposition in crypto, and you must proceed with due diligence to ensure that you do not have to bear any significant losses. 

## Benefits of leverage trading 

Here are some of the benefits of leveraging in crypto: 

- Allows you to make larger profits as compared to your original trading position. 
- You can avail yourself of more trading opportunities. 
- Small price movements may not affect your profit.  

Nevertheless, there is an amplified risk of losses. Moreover, if you fail to meet the margin call, you have to liquidate, and the broker, to cover your losses, can sell your assets. 

## Final thoughts 

Leveraging is an effective way to increase the percentage and chances of profits. You can borrow money from brokers and make more significant investments through this. 

But this technique also involves higher risk, so it is advisable to follow risk management strategies. 

What is leverage in cryptocurrency trading? 

There are many crypto wallets on the market to choose from, but the offering from Infinity is proving popular among digital asset holders. 

Here, we take a deep dive into the Infinity [crypto wallet](/news/article/best-crypto-wallets), what it is, how it works, and the organisation behind the tech. 

## What’s behind Infinity crypto wallet? 

Infinity describes itself as an ‘all-in-one” non-custodial wallet ecosystem. It claims to be the first multi-chain, non-browser-extension, non-custodial wallet to hit the market. In a crowded crypto wallet marketplace, it’s necessary to make bold claims to stand out. 

Infinity crypto wallet launched with a desktop version, soon followed by a mobile app, with the company now claiming to support hundreds of thousands of users. 

It has been very public about its mission, spelling out its strategy in a [funding pitch](https://communityfund.stellar.org/projects/infinity-wallet-scf-14). That included identifying some of the initial core team members behind Infinity, including [Team Lead Aaron B](https://www.linkedin.com/in/aaron-b-418020a5/), who has experience in UI/UX design and software development as well as more than 10 years of involvement in crypto, and [Tech Lead Juan Dominguez-Adame](https://www.linkedin.com/in/juan-dominguez-adame-0480a0120/), whose background is in hardware and software development. 

The purpose of the Infinity project was to create a seamless solution for cross-border DeFi payments which would be a gateway to the world of Web3. 

The company states its focus has been on providing the best user experience and most accessible tool to allow for the adoption of Web3 and DeFi. It aims to be the 'complete solution' for crypto users by having everything they need in one place and offering a seamless user interface. 

Infinity is also committed to continuous growth and evolution of its products, adding new features and services to meet changing demands and needs. 

## What is Infinity Wallet for? 

The team behind Infinity says it is the first desktop platform giving users complete access to Web3 and DApps without leaving their wallets. It incorporates a Web3 browser and DApp/Web3 store within the platform, removing reliance on browser extension wallets. 

They claim this delivers a safer, more accessible, and ‘superior’ experience for users, which will enable simpler adoption and use. 

Infinity's mission statement is to be a world-leading digital asset enabler by offering a one-stop wallet that meets all of the needs of cryptocurrency users. The company says it will meet this ambition through a user-first approach, making interaction, monitoring, trading, and transacting in the decentralised environment more straightforward and more secure. 

Launched in 2020, it is claimed there are currently more than 227,000 Infinity crypto wallet users in over 170 countries. The wallet supports more than 150,000 digital assets. 

## Vision and values 

The Infinity Wallet team is very vocal about its goals and values. 

The simplified version of its vision is to empower people to experience a better future through the use of blockchain technology. This will, it says, ‘liberate’ wealth globally. 

Blockchain tech can bring improvements to all aspects of our lives, Infinity adds, as well as delivering improvements across industries including finance, gaming, and transport. 

Underpinning this mission are 'fundamental values' that shape what Infinity does, how it does it, and who it hires. Throughout its planned expansion and development, these values will never be compromised, it promises. 

## How does Infinity crypto wallet work? 

Inside the Infinity crypto wallet you’ll find a dashboard laying out the features. These include checking the wallet balance over different periods, as well as a simple way to view your current assets, facilitated with a search bar making it easier to locate the asset you are looking for. 

Click on ‘My Wallet’ and you’ll see all the coins and tokens in your wallet. While some are added by default, you can customise the experience to ‘Add Custom Tokens’ so you can see everything you need. 

It also includes an option to store and view your NFTs, with a simple click, and use the NFT marketplace. 

With simplified usability as a core part of the Infinity crypto wallet proposition, it has an easy-to-use interface. On the dashboard, you can find ways to quickly navigate to Swap, Transactions, News, Market Stats, and DApps options. 

Security is, obviously, a concern [with any wallet](/news/article/what-is-blockchain-wallet). The Infinity Wallet encrypts users’ private keys and data on their devices to increase security. Only the user is granted access to the wallet and private keys to maintain privacy. 

Infinity Crypto Logo on image of cryptocurrencies

Infinity Crypto Wallet Unpacked

[Blockchain technology](/news/article/alternatives-to-blockchain-technology) has revolutionized many sectors of the global economy. Property consultancy Montagu Evans believes it could do the same in its industry. 

In decentralized finance (DeFi), the technology has played an invaluable role in facilitating cross-border payments through the use of [cryptocurrencies](/news/article/is-crypto-dead). Aside from this, blockchain has entered the world of gaming and led to the creation of the Metaverse as well as non-fungible tokens (NFTs). 

In addition to the aforementioned industries, blockchain has also impacted supply chain management positively. More importantly, due to the complex nature of tracking properties and the amount of paperwork involved, many stakeholders have shed light on the potential of this technology in the property management and real estate industries. 

One of them is the property consultancy firm [Montagu Evans](https://www.montagu-evans.co.uk/), which released a paper about the possibilities of the technology in the real estate sector a few years ago. 

## Montagu Evans believes blockchain can improve property management 

According to the independent property consultancy firm, a section of this growing innovation called distributed ledger technology (DLT) can offer new ways to assure the provenance and ownership of goods and real estate. 

While one of the many challenges to adoption has been the difficulty of industry experts being open to change, it can improve transparency in transactions related to real estate due to its secure and [tamper-proof ledger](https://www.linkedin.com/pulse/how-real-estate-transactions-blockchain-increase-reduce-mahmalgi/). 

Others have also seen the lack of technical expertise among stakeholders as a challenge since it needs to be successfully integrated and implemented. 

Despite this, [blockchain](/news/article/teach-blockchain-technology) is linked to cost reduction, improved efficiency, and its reliance on smart contracts (an innovation that has created many opportunities in decentralized lending, insurance, exchange, and yield aggregation, among others). 

Although the positives far and wide outweigh the negatives, we cannot pretend to overlook some of the cybersecurity issues, such as attacks and hacks, causing billions of dollars in losses for several companies. 

## Montagu Evans believes there are solutions to these problems 

As a company whose experts help potential clients drive efficiency in the running of their properties while creating destinations that support economic, political, and societal demands, it believes education and comprehensive training programs can help interested parties overcome the lack of technical expertise. 

As a company, it deals with sectors in the central government, healthcare, housing, industrial/logistics, living, local government, offices, town centres, and transport/infrastructure, among others. 

This innovation, popularized by Satoshi Nakamoto through the creation of the most popular and largest digital asset by market capitalization, Bitcoin (BTC), can go a long way toward improving its fortunes. 

With teams providing planning, advisory, commercial, and property management services in the UK, the positive attributes of a chain of blocks will be highly invaluable to managing most of the properties within the region. 

Montague Evans logo on image of wall street skyline

Can blockchain improve Montagu Evans' work? 

[CryptoLinks](https://cryptolinks.com/) is regarded by millions of interested parties in the crypto sector as the ultimate place to find resourceful information about all facets of the blockchain-backed economy. 

Introduced to the market in 2018, this portal tags itself as the ultimate crypto companion that helps people dive into the world of cryptocurrency and blockchain technology. 

Created by Nate Urbas, a [crypto](/news/article/is-crypto-regulated-across-the-globe) trader and BTC miner who had to go the length and breadth of the web searching for the places to buy digital assets, the best crypto tracking websites, and other tools, his innovation has made it easy for those who are less tech-savvy to become an integral part of the growing sector. 

## What can I find on CryptoLinks? 

Those interested in the best [cryptocurrency exchanges ](https://cryptolinks.com/cryptocurrency-exchange)can find the top 25 platforms by trading volume (Binance, Coinbase, Kraken, OKX, Huobi Global, Bitstamp, and others) on CryptoLinks. 

A compilation of the best [crypto news sites](https://cryptolinks.com/cryptocurrency-news) can also be found on the platform (CoinTelegraph, CoinDesk, CoinCu News, etc.). 

It can be quite frustrating to skim online trying to find historical data on any asset and not be able to find it. Thanks to CryptoLinks, you can discover [coin-tracking websites](https://cryptolinks.com/cryptocurrency-price-tracker) such as CoinMarketCap, CoinGecko, CoinCap, CoinCodex, CryptoView, and Messari. 

Global non-fungible token (NFT) market sales [surpassed $60 billion](https://www.cryptoslam.io/nftglobal) in September 2023, but many people may not know about the platforms that can provide them with the essential data needed to keep up with this space. 

OpenSea, Rarible, Binance NFT, SuperRare, Biswap NFT, and the official online address of Nifty Gateway can be found on a special part of CryptoLinks labeled 'NFT'. 

One of the many ways to get your hands on virtual assets is through [airdrops](https://www.linkedin.com/pulse/ultimate-guide-airdrops-legit-ways-earn-free-hamza-khalid/). Airdrops are free coins and tokens given away to patrons of a particular [crypto project](/news/article/is-crypto-dead) for participating in specific activities or meeting certain requirements. Platforms such as ICO Drops, AirdropBob, and Coin Airdrops can help you learn about [upcoming airdrops](https://cryptolinks.com/airdrops) so that you can improve your portfolio with new cryptocurrencies. 

While CoinTelegraph, CoinDesk, and others can provide trending news, they may not cover all parts of the industry. 

That is why we have [news aggregators](https://cryptolinks.com/cryptocurrency-news-aggregator) that publish news about all sectors of the blockchain-based sector. CryptoPanic, Coinlib, Coinspectator, Coinlive, and Coinbeagle can be found there. 

CryptoLinks provides resources for more than 50 sectors  

In addition to the aforementioned, you can find links to the best altcoin wallets, staking services, play-to-earn (P2E) games, digital currency charts, altcoin exchanges, lending and borrowing applications, wallets, blockchain explorers, scams and rug pulls, layer two blockchains, cloud mining, and Metaverse projects on the website. 

What is CryptoLinks, and why is it important? 

Unlike stock markets that are primarily open five days a week, cryptocurrency is open 24/7, meaning you can open and close positions at any time, including weekends. However, experts believe some days and times are most favorable for making trades. Based on professional traders' views, this article explains the best crypto market times and days.   

## Does the crypto market ever close? 

Crypto markets never close; they operate day and night, every day, offering trading opportunities to investors throughout the year, unlike the stock market, which is open Monday to Friday and has rigid trading hours. 

Nonetheless, while the crypto markets remain open, cryptocurrency exchanges could close. Crypto exchanges operate 24/7, but may close during maintenance or high congestion periods when they briefly pause trading on particular pairings.  

Therefore, the only period crypto market times could be interrupted would be when your preferred crypto exchange is down, or their app isn't working for any reason. 

The crypto market doesn't close during weekends or holidays. Since they are decentralized platforms, exchanges don't depend on central intermediaries to verify transactions, meaning they can work continually without interruptions. 

## Understanding crypto market times and time zones 

A significant amount of crypto trading happens during US trading hours. As a result, most traders navigating the global cryptocurrency market strategically align their trading schedules to correspond with this period when there's increased activity and volumes. 

While it's possible to conduct trades at any time in the 24/7 crypto market, identifying prime times when there's increased market activity and adjusting accordingly can help you tap into more trading opportunities and increased liquidity.      

Choosing crypto market times when there are the most active and dynamic movements due to higher trading volumes and bigger price fluctuations offers investors better opportunities to close trades at desired prices besides capitalizing on market movements. 

Moreover, traders taking this [strategic approach](/news/article/simple-cryptocurrency-trading) interact with a broader pool of market participants, institutional investors, and players from significant crypto markets. You should be able to experience tighter spreads, increased market transparency, improved overall market efficiency, and lower chances of slippage.  

## At what time does most crypto trading occur? 

Most cryptocurrency trading commonly occurs between 8am and 4pm UTC. While the markets remain open 24/7, most trades are executed during this period. There may still be activity outside of this timing, but it will be lighter, and you could find it more challenging to open and close trades. 

Most importantly, you want to remain keen to catch news and events that could impact the market positively. Announcements about regulatory changes, halving events, or celebrity endorsements have all been known to cause price fluctuations. Also, [according to research](https://coinmarketcap.com/academy/glossary/utc-time), 12am to 1am is considered a relatively volatile time to trade cryptocurrency. In comparison, 8am to 10am UTC on Mondays has always been less volatile than other days. 

## Multi-timeframe analysis 

Some traders rely on technical analysis of the crypto market. Still, beginners can easily get lost in the weeds of hundreds of chart patterns and indicators when looking for the best crypto market times. 

Also, a common problem is that investors concentrate on a single timeframe to determine trends and specific entry and exit points, meaning they risk missing noticing the forest through the trees.   

A better option is choosing [multi-timeframe analysis](https://www.investopedia.com/articles/trading/07/timeframes.asp) to identify trends and trading opportunities and determine the best crypto market times. The process involves viewing the same cryptocurrency using different time frames. 

For example, if you are a swing trader, you can use a daily chart to determine an asset's long-time trend and a shorter four-hour chart to select specific entry and exit points. 

While using as many timeframes to determine the best trading hours as possible, you’re better off sticking to two to minimize the complexities involved and perhaps adding a third one when you’re fully accustomed to using the strategy. 

## Factors affecting trading times 

When it comes to [crypto trading](/news/article/how-does-crypto-trading-work), carefully choosing the most favorable times will significantly impact your success. 

Numerous factors can influence your trading times besides determining the best periods for trading. Among the crucial factors to consider are the following: 

Market volatility: Periods of increased price fluctuations can offer more significant opportunities for making profits for active traders. 

Trading volume: The more assets traded within a specific period, the greater the liquidity, tighter spreads, and faster execution of trades. 

Overlapping market hours: Periods when several major cryptocurrency markets are active simultaneously tend to provide increased activity, trade volumes, and liquidity.  

Economic news and events: Announcements involving economic events and data releases can influence price movements and market sentiments.  

Personal availability: Choose times aligning with individual availability when you can actively monitor market trends.  

Weekends and holidays: Most active traders avoid weekends and holidays, meaning they impact trading activity.  

Individual preferences: Experiment to identify the best time frames befitting your trading goals and style. 

## Conclusion  

Successfully navigating cryptocurrency trading requires understanding the best crypto market times. This involves factors like time zones, market hours, trading volumes, and personal trading goals to optimize trading activities. 

While the crypto market runs 24/7, particular time slots bring distinctive advantages. 

crypto market times on a laptop with a coin

The Best Crypto Market Times According to Experts

As cryptocurrencies become increasingly popular, Artificial Intelligence (AI) cryptocurrencies have also emerged. As the bourgeoning AI technology evolves and matures, it’s changing investment strategies and assisting in [developing new products](/news/article/new-crypto-coins), including crypto. This article explores the immense potential of the best AI crypto coins. 

## Artificial Intelligence and cryptocurrencies 

After more than a decade since the inception of blockchain technology and the financial revolution that is cryptocurrency, Artificial Intelligence is gradually filling the emergent technological gaps. Seen as the latest breakthrough technology revolutionizing mechanisms, its entry into the cryptocurrency market introduces AI algorithms that streamline operations processes, automate tasks, and offer predictive analysis. 

Developers are now incorporating Artificial Intelligence with blockchain to make systems more efficient. Moreover, it’s becoming clear that cryptocurrencies integrating AI technology into their blockchains have high ROIs compared to traditional digital assets by presenting advantages with the potential to transform the crypto sphere. 

## AI crypto coins and how they work 

AI crypto coins are digital assets designed for AI-based projects by integrating AI into various functionalities, including price prediction, digital asset management, fraud detection, and AI-based DAOs. They work by: 

Data collection: The tokens collect information from different sources, including social media, news articles, and market patterns, which they examine using machine learning algorithms to predict trends and market behavior.  

Trading strategy: The AI systems automatically create a trading pattern showing the best times to buy, sell, or hold the asset based on the analysis.   

Execution: After choosing a trading strategy, the AI system autonomously employs smart contracts to execute trades on the blockchain network when specific preset criteria are met. 

Endless learning and improvement: AI crypto coins use machine learning algorithms to learn and continuously improve their performance. The system progressively reviews previous outcomes to modify its tactics as the need may arise in the future, thus making the coins more efficient with time. 

The recent growth of AI systems significantly impacts crypto projects as most new ones implement automated systems into emerging Web 3.0 apps. Several tokens have arisen in this genre, offering many benefits to users. While they're still works in progress, they portray tremendous growth potential. Moreover, the sudden surge in ChatGPT's popularity boosted interest in such projects. Data insight from [CoinGecko](https://www.coingecko.com/research/publications/ai-crypto-price) shows a 16X increase in the prices of AI crypto coins. 

## The most promising AI crypto coins 

The following are the five hottest AI cryptocurrencies on the market today. 

### Oasis Network (ROSE) 

The Oasis Network (ROSE) is a Web 3.0-based blockchain platform that provides a privacy-preserving layer for its DApp smart contracts. The coin features a "ParaTime" function that executes smart contracts and maintains privacy and security. ROSE is Oasis Network's native token with a market cap of $257 million and is currently priced at $0.099 per [CoinMarketCap](https://coinmarketcap.com/currencies/oasis-network/). For anyone interested in investing in AI coins, note that Oasis Network charges low gas fees and has a modular architecture featuring robust security. 

### Render (RNDR) 

Render (RNDR) has been in the limelight in 2023 after its price surged from at least $0.40 in January to over $2.69 last June. The [project’s native coin](https://coinmarketcap.com/currencies/render/) is currently valued at $1.51 with a market cap of $561 million. This is perfectly understandable, considering distributed GPU rendering, which is NVidia’s pilothouse, remains its core competency. Render was created on the Ethereum blockchain, where developers can use it to create high-bandwidth DApps for finance, healthcare, gaming, or other industries. 

### Injective Protocol (INJ) 

Dubbed “the fastest layer 1 blockchain”, the Injective Protocol is backed by leading venture capitalists like [Mark Cuban](/news/article/mark-cuban-crypto), Binance, and Pantera. It is also famed for offering auto-executing smart contracts. [INJ](https://coinmarketcap.com/currencies/injective/), the platform’s native token, has a market cap of $578 million and is priced at $6.90 at the time of writing. Developers can use the Injective protocol to create Web 3.0-based applications for the finance industry. The platform’s interoperability feature enables users to connect with other blockchains and trade without gas fees seamlessly. 

### The Graph (GRT) 

The Graph’s native token GRT is trailing the blaze for other AI cryptocurrency coins by recently exceeding the $1 billion mark in circulating supply. [Currently trading at $0.08](https://coinmarketcap.com/currencies/the-graph/) and with a market cap of $760 million, the Ethereum-based token has an indexing protocol that makes it a search engine for blockchain ecosystems. After experiencing major significant rallies offering long positions from crypto whales last May, GRT has the potential for a good crypto investment vehicle. 

### SingularityNET (AGIX) 

SingularityNET and its native token [AGIX](https://coinmarketcap.com/currencies/singularitynet/), trading at $0.18 and a market cap of $222 million, have enjoyed massive gains in the recent past, making it a strong contender for the pole position among AI cryptocurrency coins. Described as possessing "decentralized human-level intelligence", the open-source network is designed for building Artificial General Intelligence (AGI), which Singularity describes as "decentralized human-level intelligence". It is considered a safe bet in the industry. 

## Parting Shot 

AI crypto coins have shown their potential to create a safer and more secure crypto space by using the power of AI to revolutionize the industry. By leveraging its intelligent analytics and powerful automation tools, AI may be the missing link that could eventually drive cryptocurrencies toward greater adoption.  

5 best AI crypto coins and projects trending in 2023 

With at least [20,000](https://www.statista.com/statistics/863917/number-crypto-coins-tokens/) already developed and launched, the world of cryptocurrency grows faster than the best investor can keep track of. The sheer number of projects is a clear indication that crypto projects offer great opportunities for investors, but experience teaches that only some utility coin options offer benefits that are worth writing home about. 

This guide discusses utility crypto tokens, what they are, their advantages, and the best ones for your crypto investment.  

## What is a utility coin? 

A utility coin, also known as a [user token](/news/article/token-vs-coin), is a digital asset or token designed to perform a specific function within a particular blockchain, primarily based on Ethereum's [ERC-20 standard](https://www.blockchain-council.org/ethereum/beginners-guide-what-is-erc20/#:~:text=ERC-20%20is%20a%20technical,tokens%20on%20the%20Ethereum%20Blockchain.). The main characteristic of user tokens is that they are pre-mined or all created simultaneously, unlike traditional cryptos that can be mined. 

Furthermore, utility coins differ from regular cryptocurrencies as they are created to give users access to features, products, and services within the network. These may include exclusive payment methods, rewards, discounts, and voting rights. The best utility coin may not be considered a security since users don't have ownership rights for the project. 

## How utility coins work 

In most cases, a utility coin will be limited to a specific blockchain, meaning its utility is based on the particular blockchain network it was created for. 

The following are among the prominent uses of utility tokens: 

### Access to services 

Holding a utility coin grants the user access to the specific functionalities of the mother blockchain project. This may include storage or retrieval of data from a decentralized cloud storage, without which the service wouldn’t be accessible.  

### Interoperability 

Utility cryptos can be used as a tool for value transfer, a means of exchange and interaction between blockchains that are interoperable with other networks. A perfect example is that of the Chainlink blockchain users, who are expected to hold LINK to enable them to interact with supported blockchains.  

### Rewards and discounts 

This use case is particularly famous with centralized and decentralized cryptocurrency exchanges, which issue utility coins that give holders access to limited discounts like lower trading fees or other exclusive benefits on their platforms. The privileges are only available to token holders.     

### Governance and voting 

Members of cryptocurrency platforms can use their utility tokens to contribute to the decision-making processes through voting. Holders also retain rights within the platform to vote for issues like governance proposals or changes to the protocol, among others. 

## Best utility coins 

### Ethereum (ETH) 

Ethereum ([ETH](https://ethereum.org/en/)) is the mother of smart contract blockchains and home to most utility coins supported by the ERC-20 token standard – all ERC-20 transactions use ETH to pay their gas fees. Ethereum hosts a vast network of decentralized applications (DApps). With its ongoing upgrades, it remains a powerful utility coin with a market cap of over $191 billion at the time of writing. 

### Cronos (CRO) 

The native cryptocurrency of the [Cronos](https://cronos.org/) blockchain, this ERC-20 token is an integral part of the Cronos ecosystem. It is used for numerous purposes, such as payments and lock trading. Moreover, it seamlessly integrates with Crypto.com's services, including its crypto exchange, App, and decentralized finance (DeFi) wallet. 

### Chainlink (LINK) 

Chainlink ([LINK](https://chain.link/)) is a decentralized network specifically created for the Web 3.0 era, aiming to bridge the gap between real-world data and blockchain. The network uses oracles that facilitate smart contract transactions to autonomously mine data from verifiable and trusted sources. Users need LINK, the project's user token, which is a leading utility coin, to execute all queries for data-driven applications. 

### Polygon (MATIC) 

Polygon ([MATIC](https://polygon.technology/)) was created to enhance Ethereum’s scalability and lower gas fees. The token facilitates faster and cheaper transactions by enabling Ethereum’s DApps to use Polygon’s sidechains. Holders of MATIC, the network’s native utility coin, can use it to pay gas fees and vote on network governance issues. Polygon has continually spread its wings via new partnerships, so much so that MATIC is among the leading utility tokens by total value locked (TVL) and has consistently ranked among the top 20 digital assets by market cap.    

### The Sandbox (SAND) 

The Sandbox ([SAND](https://www.sandbox.game/en/)), a leading Metaverse project, allows holders to buy parcels of virtual land via tokenized non-fungible tokens (NFTs). Anyone making transactions involving virtual real estate must pay using SAND, the project's native currency, meaning the token is in high demand. The popularity of the SAND token is likely to continue soaring as the Metaverse and virtual real estate concepts continue to advance.

## Should you invest in a utility coin? 

Utility tokens are viewed as a good option for anyone who wants to get involved in a long-term investment. Nonetheless, you want to conduct your research to be able to locate a good utility token based on its features and other essential factors. 

If you're going to invest in user tokens, consider the utility and demand of the coin, as these will influence performance. Furthermore, tokens designed to solve tangible user problems have a higher demand and are better investment vehicles than those with[ less popular use cases](/news/article/blockchain-use-cases).  

Additionally, check the development and adoption of the parent blockchain ecosystem as they determine the token's long-term potential. 

Utility coins created by well-developed platforms backed by competent teams are better off than investing in one struggling to survive. Cryptocurrencies are generally in their formative stages, and the future potential of any blockchain determines the investment potential of their tokens. Blockchain platforms showing a potential to grow will offer utility tokens that are good investment options. 

## Conclusion 

Utility tokens are an excellent investment opportunity since the majority have the potential for solid long-term profitability. The best utility coin to buy should be one that's associated with a functional ecosystem and the potential for great adoption. 

Look for a user token with the potential for sustainable long-term profitability. 

Finally, your personal investment goals will also determine your choice of the 'best' utility coin besides its value proposition. 

Choosing the right crypto utility coin to invest in 

LiveCharts UK is a free live trading chart provider for stocks, commodities, Forex, crypto, and major indices. 

The platform also features free access to historical data, economic data, the latest stock market news, market trends, and the LiveWire market blog. 

To access features such as Share Chat, Day Trading Chat, Share Prices watchlist, Share Signals, Trend Charts, Advanced Charts, and day trading Tools and Data, you must log in to the LiveCharts message board. These features are part of the Members Area. 

## What is the LiveCharts Members Area?

The LiveCharts Members Area is a free subscription to the advanced day trading features listed above. You only need a valid email address to subscribe to the service. 

LiveCharts sends subscribers three to four emails monthly about high-quality trading ideas or products with an option to unsubscribe to the mailing service. 

If you do not wish to receive emails from the trading chart provider, you can unsubscribe from the LiveCharts mailing list while continuing to reap the benefits of this membership programme. Here is a brief overview of the membership features: 

- Chat Boards: The Share Chat and Day Trading Chat Boards allow you to chat with other traders about charts, day trading, and the markets available on LiveCharts. 
- Share Prices watchlist: With this free share monitor, keep an eye on your shares by adding your share symbols to the watchlist. 
- Share Signals: The LiveCharts data filter handpicks shares with the potential to move. You can add such shares to your watchlist and take advantage of a breakout. 
- Trend Charts: As the name suggests, unique trend signals for reversal points, trend continuation, and breakouts are highlighted daily. 
- Advanced Charts: Pick any share from your watchlist to perform advanced analysis. 
- Tools and Data: Daily updated breadth charts, calculators, and pivot points are at your disposal. 

## LiveCharts Members Area registration 

[To register](https://www.livecharts.co.uk/share_prices/members_features.php), click on the green-coloured >> JOIN FREE HERE! button. This will redirect you to the below screen. 

![Join now screenshot og website](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_10_11_at_11_59_06_d82356a8a0.png)

Create a username, enter your email address, full name, and date of birth, and select your country of residence. Tick both boxes and click the Apply button to proceed to the next step. You'll be emailed with your account password almost immediately. Take note of your password (which you can change later) and click the login link to access your free Members Area subscription.

## LiveCharts crypto charts 

If you look at the LiveCharts Home page, there is no mention of cryptocurrencies. The day [trading charts](/trade) provider, however, offers access to 15 cryptocurrency charts at the time of writing, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Cardano (ADA), and Bitcoin Cash (BCH). 

Click the Crypto option on the menu bar and [select a cryptocurrency chart ](/news/article/understanding-crypto-price-charts)you want to view. 

![Bitcoin chart on LiveCharts](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_10_11_at_12_01_43_4a6fb677e4.png)

As you can see above, we clicked on the Bitcoin chart option. The BTC chart is quite advanced, with access to indicators, metrics, strategies, a compare tool (where you can compare the performance of multiple cryptocurrencies), bars, candles, trend line, fib retracement, patterns, long position, and so on. 

The chart also features a brief description of BTC at the end (not that you do not know about the crypto asset already)! 

## LiveCharts stock market news 

The stock market news section is of particular interest to stock enthusiasts. This section features news about the UK market, international markets, company news, broker tips, Forex and commodities, and economic news. 

This section does not feature original LiveCharts news. LiveCharts is simply a news aggregator that gathers financial news from global sources. Click your category of choice and select the information that meets your fancy. 

If you are a website owner/builder, you can integrate LiveCharts news and live prices into your website with the help of the LiveCharts Widget Builder. The Widget Builder is free. 

On a concluding note, if you are looking for a free, [trustworthy news source](/news) and advanced day trading features, there are few better options than LiveCharts. Its Chat Boards are a fascinating plus - you can chat with like-minded traders and share knowledge! 

Man using phone and laptop to trade cryptocurrency

LiveCharts: free day trading chart provider 

As a cryptocurrency trader, you may encounter new crypto exchanges every other day. Choosing the right platform is tricky, as you need to figure out its features, services, and security. But rest assured, as we are reviewing one of the leading names among crypto exchanges, Bitget.  

This marketplace is known for its copy trading and leverage trading services with minimal fees. Here is the Bitget review that may help you decide whether it meets your needs. 

## What is Bitget exchange? 

Bitget is a major cryptocurrency derivatives exchange that offers advanced buying and selling services. Sandra Lou co-founded it in 2018, and it is currently being operated in Singapore. However, it caters to crypto investors worldwide and has more than 20 million users. A prominent reason behind its large user base is that the platform is completely authorised in five countries, including the US, Canada, and Australia. 

This crypto space offers a dynamic platform that can cover all your buying and selling needs. Mainly, its services include spot, futures, and copy trading. Aside from that, you will get timely market insights and data that will help you make the right decisions.  

## Pros and cons of Bitget exchange 

Here are the prominent benefits and drawbacks of using this exchange. 

### Pros 

- Transaction fee of <0.10%. 
- Intuitive interface. 
- Free copy trading services. 
- More than 500 cryptocurrencies listed. 
- Regulated by several authorities. 
- Supports over 250 fiat currencies. 
- Market data and insights. 

### Cons 

- Direct crypto purchases are costly. 
- Inept customer support. 

## What are the fees for the exchange? 

The foremost thing investors look for before investing in a trading platform is its withdrawal and transaction fees. Fortunately, the network makes a fair choice in this regard. It offers affordable transaction fees that can be as low as 0.02%.  

For spot trading, both maker and taker have to pay 0.1%. On the other hand, for futures trading, the makers’ fee is 0.02%, and the takers’ fee is 0.06%. Furthermore, you can also use BGB tokens and promo links to get further discounts.  

Meanwhile, you can start your trading journey with Bitget for as low as $50. There is no extra fee for depositing any amount there, making it an affordable option for buying and selling cryptocurrencies. 

However, you may not get the best rates if you want to buy any cryptocurrency directly through the medium. It charges slightly higher than most [popular exchanges](/news/article/simple-cryptocurrency-trading) because of its swift procedure. 

## Is Bitget copy trading profitable? 

Bitget is one of the largest exchanges for crypto copy trading that offers a range of options in this domain. Other than spot and futures copy trading, it offers bot copy trading. 

It works on advanced artificial intelligence (AI) models that help to create accurate [trading strategies](/news/article/simple-cryptocurrency-trading). These models can learn from past trends and suggest entry or exit points accordingly.  

A [report by Bitget](https://www.bitget.com/support/articles/12560603795722) claims that 93% of its users of futures copy trading secure substantial profits. Similarly, 82% of spot copy trading users also attained profitability. The report further claims that the total gains through the copy trading services have reached 74m USDT in 2023. 

However, copy trading involves high risk. Therefore, it is important to proceed with due diligence and only invest according to your risk appetite. 

## Is it safe? 

A platform’s security is another critical aspect of gauging whether it is a viable option. Bitget, in this regard, is also well grounded. So far, it has secured licences in six countries, including Canada, the US, Australia, Lithuania, Poland, and Italy. It suggests that it is a safe exchange for your trading needs.  

It has acquired the Money Service Businesses (MSB) licence to operate as an exchange in Canada and the US. It is working with the Digital Currency Exchange (DCE) licence in Australia. Meanwhile, in 2023 it acquired Lithuania and Poland's virtual asset service provider (VASP) licence.  

## How to create an account on Bitget 

Here’s how you can create an account on this trading platform: 

1. First, click Sign Up on the top right of its site.  
2. Then, enter your email or phone number and create a strong password. 
3. You will receive a verification code to your phone or email. To verify your account, enter the code. 
4. Then, you need to verify your ID. For this, click the profile button and a dropdown menu will appear. Here, select ID Verification. 
5. It will give you two options: individual or institution verification. Select Individual and fill out all the details. 
6. Once that's done, click Next, and your ID will be verified.  

## Bottom line 

Bitget is a reputable cryptocurrency derivatives exchange known for its copy trading offerings. It is a safe and secure option for buying and selling more than 500 cryptocurrencies and 250+ fiat currency options. 

The exchange provides insightful market analysis and strategies with its bot copy trading. Plus, you get only minimal transaction rates, which makes it a viable trading platform. 

Bitget review: Is it a safe trading platform?

Initial coin offerings ([ICOs](/news/article/what-is-an-ico)) were the talk of the town in 2017, trumping traditional, equity-based fundraising methods. While ICOs are still prevalent on the investment calendar, they are not as popular as they once were. 

An ICO is a fundraising method for cryptocurrency-based projects that involves the pre-sale of project-native tokens. 

These tokens are minted by a crypto project and offered to early-stage investors (generally at a discount). ICOs allow these startups to raise funds without giving up equity. A major plus point is that the community of incentivised users rally around the project, as they want the project to succeed so that their initial investment bears fruit. 

If the project succeeds, both the team and early investors benefit. Unfortunately, this is a big IF. Given the relative ease of this funding mechanism, we as a sphere have witnessed numerous unfortunate [examples of pumps and dumps](/news/article/how-to-spot-a-pump-and-dump). 

Nevertheless, a few rotten eggs cannot take away from the numerous advantages of launching and participating in a CREDIBLE ICO. Read on to learn about the ICO calendar 2023. 

## The Ethereum ICO success story and ICO investment tips 

Before we dive into the ICO calendar 2023, you need to know about the first real ICO success story, and oh boy, did early-stage investors benefit from the Ethereum ([ETH](/news/article/meme-crypto-outshines)) ICO in 2014! Performing due diligence is crucial to making any good investment decision, especially when it comes to ICOs. 

Before investing in an ICO token, thoroughly research the underlying project and determine its short and long-term future. A solid founding team is an important factor to consider. The steps you should follow include: 

- Read the project’s whitepaper to better understand its feasibility. A bogus whitepaper may indicate a rug pull. 

- Follow announcements on various channels and evaluate the community's response. 

- Prepare a list of similar projects and determine whether they are building something different/valuable. 

- Understand the project’s tokenomics. A massive token supply with continuous inflation is a strict NO. Knowing the sharing ratio and whether the supply is fixed or not is important as well. 

Early-stage Ethereum investors reaped the benefits of their research and faith in the cryptocurrency project, led by Vitalik Buterin. The rest is history. 

In 2014, the Ethereum ICO sold 50M ETH at $0.311 each, raising $15.5M. On 12 May 2021, ETH hit an all-time high of $4382.73. If an ICO investor sold their ETH at that price, they would have made a profit of nearly [14,100x](https://www.coindesk.com/tech/2023/07/19/ethereum-ico-participant-transfers-116m-eth-after-8-years-of-dormancy/)! 

That said, even if a project ticks all the right boxes, success is not guaranteed. The Tezos (XTZ) ICO in 2017 is the perfect example. The ICO raised a whopping $232M, but the project failed miserably despite a highly successful fundraiser, a solid underlying mission, and a trustworthy team. 

ICO calendar 2023: ICOs to look out for 

Now that you know how to avoid a rug pull (please, DYOR at ALL times!), you may review our compiled list of ICOs to look out for in 2023. 

There are several fantastic launchpads on the market today. We advise you to follow them on X (formerly Twitter) so that you can take advantage of the earliest entry prices. 

Here is the ICO calendar 2023: 

![Crypto Calendar](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_10_03_at_15_41_21_29c8acea0c.png)


ICO calendar 2023: list of active and upcoming ICOs 

Cryptocurrency has revolutionised how we think about money, transactions, and investments. While Bitcoin and other digital assets often steal the spotlight, it's the concept of tokenomics that underpins the vast and diverse crypto landscape. 

In this article, we'll delve into the intricacies of tokenomics, exploring its relevance, components, and impact on the world of cryptocurrency. 

## What is tokenomics? 

Tokenomics is a portmanteau of "token" and "economics". It refers to the economic system or structure of a cryptocurrency or blockchain project. 

Essentially, it's the study of how tokens within a blockchain ecosystem function, interact, and create value. Tokenomics encompasses various aspects, including token supply, distribution, utility, and governance. Let's break down these components to gain a clearer understanding. 

Tokenomics begins with the token supply, which determines the total number of tokens that will ever exist for a particular cryptocurrency. This supply can vary greatly from one project to another, ranging from a few million to billions of tokens. The token supply affects factors like [scarcity](https://www.coindesk.com/markets/2021/11/18/not-all-cryptos-are-scarce-like-bitcoin/) and inflation. 

The distribution of these tokens is equally crucial. It defines how tokens are allocated among various stakeholders, including developers, investors, users, and miners. A well-thought-out distribution plan aims to achieve a balance between decentralisation and fair allocation, preventing a single entity from holding too much power. 

## Utility and use cases 

Tokens are not just digital coins; they serve a purpose within their respective ecosystems. 

Utility tokens, for instance, provide access to a platform's services or features. For example, within the [Ethereum network](https://ethereum.org/en/), Ether (ETH) is used to pay for gas fees, which power smart contract execution and transaction processing. 

Security tokens represent real-world asset ownership, such as stocks or real estate, and are perceived as being subject to securities regulations. 

Holders of governance tokens have the right to participate in the decision-making processes of a blockchain project, including voting on protocol upgrades and changes. 

The utility and [use cases of tokens](https://www.theblock.co/learn/245722/what-are-practical-use-cases-of-cryptocurrencies) are a critical aspect of tokenomics as they determine the demand for a particular cryptocurrency and influence its value. 

## Token burn and deflation 

To maintain scarcity and potentially increase the value of tokens, some blockchain projects employ token burn mechanisms. 

Token burning involves sending a specific number of tokens to an unrecoverable address, effectively reducing the total supply. 

This process is often used in deflationary cryptocurrencies, where the supply gradually decreases over time, theoretically leading to price appreciation. 

## Staking and yield farming 

[Staking and yield farming](/news/article/what-is-staking-crypto) are essential components of tokenomics, primarily in Proof of Stake (PoS) and Delegated Proof of Stake (DPoS) blockchains. 

Token holders can stake their assets by locking them in a network to support its operations, validate transactions, and earn rewards in return. These rewards can consist of additional tokens or a percentage of transaction fees, further enhancing the token's utility. 

Yield farming, on the other hand, involves providing liquidity to decentralised exchanges or liquidity pools, where users earn rewards, in tokens, for their participation. These mechanisms incentivise token holders to actively engage in network activities, thereby contributing to the ecosystem's growth. 

## Tokenomics and project sustainability 

A well-designed tokenomics model plays a pivotal role in the long-term sustainability of a blockchain project. It must strike a balance between incentivising early adopters and maintaining stability for future growth. 

Projects that distribute tokens excessively in the initial stages may experience volatility and price crashes, making it challenging to attract long-term investors. 

Furthermore, projects must consider the mechanisms for funding development and ongoing maintenance. ICOs ([initial coin offerings](/news/article/what-is-an-ico)) and IEOs (initial exchange offerings) are among the fundraising methods used by blockchain projects to secure the necessary capital. 

Proper allocation of these funds and transparency in financial management are crucial for maintaining trust within the community. 

Tokenomics and regulatory compliance 

The cryptocurrency space is constantly evolving, and regulations are catching up. As governments around the world establish guidelines for the cryptocurrency industry, blockchain projects need to ensure that tokenomics models comply with these regulations, particularly when dealing with security tokens or conducting fundraising activities. 

Regulatory compliance not only mitigates legal risks, but also enhances the project's credibility and attractiveness to institutional investors. It's essential for blockchain projects to consult legal experts and adapt tokenomics models accordingly to navigate the complex regulatory landscape. 

## Tokenomics and investment strategy 

For investors, understanding the tokenomics of a cryptocurrency project is crucial when making investment decisions. By analysing token supply, distribution, utility, and governance, investors can assess the potential for long-term value appreciation. 

Additionally, understanding the staking and yield farming opportunities within a project can help investors identify sources of passive income. 

However, it's essential to conduct thorough research before investing in any cryptocurrency, as the volatile nature of the market can lead to significant risks. 

## Conclusion 

Tokenomics is a multifaceted concept that forms the foundation of the cryptocurrency world. It encompasses various aspects, including token supply, distribution, utility, and governance, all of which contribute to a cryptocurrency's value and sustainability. 

As cryptocurrency evolves and matures, an in-depth understanding of tokenomics is invaluable for investors, developers, and enthusiasts alike. 

In the UK and worldwide, blockchain projects are constantly innovating and adapting tokenomics models to meet the changing demands of the industry and regulatory landscape. 

Whether you're a seasoned cryptocurrency investor or someone new to the space, staying informed about tokenomics is essential for navigating the exciting yet complex world of digital assets. By doing so, you can make informed decisions and contribute to the growth and success of the cryptocurrency ecosystem. 

Understanding Tokenomics in Cryptocurrency: A Deep Dive 

New coins with unique usability always find their way into the innovative DeFi world. But, because of several underlying factors, only a few of them succeed in gaining traction in the market. This article explores the recently launched SignUpToken ([SIGN](https://signuptoken.com/)), which has introduced a new way of token presales. 

Launched in March 2023, the tenderfoot crypto has already made some waves in the market. It has made it to the headlines for its immense potential. But is this token legit and has the potential to be a market disruptor? Let's find out. 

## What is the SignUpToken? 

SIGN is the native token introduced by the newly launched SignUp Web3 project. The project claims to have a unique presales mechanism that involves email signups. The mechanism also helps the project in building a dynamic community. 

The project founders plan to launch the token on public exchanges once they reach one million subscriptions from verified emails. So, with every subscription, you may expect a rise in the token’s price.  

The project also claims to give investors a high ROI (return on investment) of around 72%. According to its whitepaper, the presale launch price of SIGN will be $0.01. 

Meanwhile, it predicts that when rolled out on the [Uniswap ](/news/article/uniswap-exchange-nft-aggregator)exchange, its price is likely to reach $0.72. That’s why it seems to be a lucrative investment for crypto investors.  

## SignUp crypto tokenomics 

Project founders have set the total supply of the SIGN coins to 1 billion. From this total supply, 60% is allocated for the presale phase. Another 20% is exclusively reserved for community incentives, while 15% will be used for exchange listings. The remaining 5% of the coins are allocated to the project's team. 

## Is SignUpToken legit? 

Although there are no specific indicators for the token to be considered a scam, there are several red flags that still linger around it. 

Firstly, the developers and the founders of the project are anonymous. So, there is no way investors can verify the expertise or experience of the team behind it. 

Aside from that, the website, whitepaper, and overall SIGN branding seem superficial. The website and whitepaper focus more on selling the token than providing details about its mechanism or features. The high claims of unrealistic ROI and making investors millionaires are a few of its instances.  

Furthermore, it provides a vague roadmap for the project. You might expect it to venture into NFT space, [GameFi](/news/article/gamefi-eco-system), or other Web3 areas. However, the main points on its roadmap are aggressive marketing, trending, and on-boarding influencers. It suggests that the team behind it only wants to attract novice investors without a proper strategy. 

Another thing that may leave you wary of its legitimacy is the sponsored articles, creating hype for SignUpToken. Several news agencies are making pushy headlines to boost SIGN's price and popularity. These types of articles reflect negatively on a coin that has not been launched on public exchanges yet. 

price and popularity. These types of articles reflect negatively on a coin that has not been launched on public exchanges yet. 

## SignUpToken price prediction 

As SignUpToken is in its presale stage, there is no verified data for its price. Similarly, there needs to be historical data that can help establish the price forecast for the coin. 

However, according to the official website, currently, 1 SIGN is worth 0.031 USDT (Tether). The website asserts that this price will reach $0.72 by the public launch. This data is not verified by any independent source. 

The mechanism behind the rising price of SignUpToken is that people cannot buy it at the same price. Therefore, every email subscription and buying of coins at this stage will slightly increase the coin's value. However, the practicality of this mechanism remains to be certified.   

## Is SignUpToken a good investment? 

SignUpToken has introduced a new presale strategy in the crypto market. But other than that, it seems the project has nothing else to offer. 

It is currently at its presale stage, with only 17,819,586 tokens sold. There is no certainty about the coin's price, as it has yet to be launched on any centralised public exchange. 

On top of that, several indicators make SIGN a dubious crypto. Its salesy branding and promises of huge returns raise eyebrows. Moreover, the marketing strategy of pushy sponsored articles also leaves some questions. That's why it is better to avoid investing in it until the team provides more clarity regarding its future plans. 

If you decide to explore SignUpToken, research its background carefully. Plus, consider your risk appetite before committing any investment. 

What is SignUpToken and is it Legit?

This month, digital asset enthusiasts descended on London for a major networking event organised by [CC Data](https://summit.ccdata.io/). 

The Institutional Digital Asset Summit has become a significant event, attracting international attendees and notable speakers contributing to a wide range of topics. 

Here, we take a look at what was on the agenda for the 2023 summit. 

## What is CC Data? 

Founded almost a decade ago, CC Data provides digital asset data to institutions and investors. Formerly known as CryptoCompare, [the organisation](https://ccdata.io/) is focused on safeguarding data integrity and ensuring consistency in market data by standardising global sources. 

CC Data is renowned for investing in tech and infrastructure to enhance its services and is part of a movement to encourage digital asset adoption. 

The Institutional Digital Asset Summit (CCDAS), in London, is part of fostering that engagement. 

CC Data was co-founded by Charles Hayter and Vlad Cealicu, who serve as CEO and CTO respectively. 

## CCDAS 2023 

Held over two days at the start of the month, the summit covered a wide range of hot topics. 

The summit began with a networking event for VIP guests, a chance to rub shoulders with influential figures in the digital asset and wider investment worlds. As with similar events, the opportunity to make face-to-face contact with movers and shakers is a major attraction of the CC Data summit. 

Perhaps one of the most important agenda items was a discussion on future-proofing the digital asset industry. This looked at how to ensure continued growth in the sector amid global regulatory uncertainty. 

Jurisdictions worldwide are grappling with regulation to make digital asset investment a safer space. There is a well-recognised need to protect investors, but many countries have struggled to understand how to impose rules which give that protection without stifling innovation. 

The need for regulation gathered pace following last year’s dramatic [collapse of the FTX exchange](/news/article/ftx-bankrupt-who-to-blame), leading to some jurisdictions considering knee-jerk rules that would harm the growth of the digital assets sector. 

With the background, it was a timely subject to feature prominently on the CC Data DAS agenda. 

## Other discussion points 

The summit agenda also included many more fundamental considerations about the present and future of the digital asset sector. 

The scene was set with the opening presentation, considering the past, present, and future of cryptocurrency. 

One session examined how institutional investors are shaping the digital asset landscape and how that should be managed. Another delved into the derivatives market, studying exposure and leverage within the digital asset ecosystem. 

One agenda item that caught attention ahead of the summit focused on the role of venture capitalists and their role in driving digital asset growth. It is becoming commonplace for venture capital to play a significant role in the development of many digital asset platforms and offerings, and the summit examined how this works and whether it is beneficial. 

[Tokenisation](/news/article/tokenization-importance-explained) is a hot topic in crypto circles, so it was unsurprising to find a session dedicated to studying trends in traditional tokenisation and looking beyond crypto. 

Attendees were also able to hear the latest thinking on digital asset investment products, from the current ETFs (exchange-traded funds) to innovative new products that could hit institutional markets soon. 

In common with many similar crypto-centric conferences, CC Data DAS 2023 included a number of ‘fireside’ chats, informal interviews with leading lights in the digital asset space. Among these were representatives of LMAX Digital, the institutional cryptocurrency exchange, as well as the UK Financial Conduct Authority. 

The latter was fundamentally important following the rollout of strict new crypto rules in the UK during 2023 and with further regulatory steps due to come into force. 

## The speakers 

The roll call of speakers scheduled for the 2023 CC Data Digital Asset Summit read like a veritable who's who of finance and digital asset leaders. 

The Chair of the UK Parliament Crypto and Digital Assets All Party Parliamentary Group, Dr Lisa Cameron MP, and FCA Head of Capital Markets Helen Boyd were among the headline guests due to appear. 

Other leading figures on the roster included Bitcoin educator Dan Held, Bitstamp CEO JB Graftieaux, Wilshire CEO Mark Makepeace, and Tyrone Lobban, MD of Onyx by JPMorgan. 

The City of London, arguably the global HQ of financial services, was represented by Lord Mayor Michael Mainelli. 

## More than just talk 

Of course, conferences like this are not just an opportunity to hear from star speakers and network. The CC Data summit was also an opportunity for businesses to exhibit. 

Many conference attendees measure the value of an event by the quality of the organisations represented. Having the City of London, the UK Parliament, and the FCA represented matters, but it is equally important to see big financial names in attendance. 

The reputation of CCDAS has been enhanced by the ability to attract traditional institutional investors to this digital-asset-focused forum. These have included the likes of HSBC, UBS, Citi, Morgan Stanley, JPMorgan, and Standard Chartered. 

Its value has been further enriched by the attendance of finance players such as the Nasdaq, the London Stock Exchange Group, and S&P Global. 

Of course, no digital asset conference would be valuable without representatives of the cryptocurrency sector and digital asset champions. Again, CCDAS has scored well, with the likes of Ripple, Crypto.com, Coinbase, and Bitstamp contributing. 

## The coverage 

Anyone involved in cryptocurrency knows that widespread mainstream media coverage of digital assets usually only happens when something goes wrong, like a market crash, hack, or platform implosion. 

Another strength of CCDAS has been its ability to attract representatives of leading reputable global media outlets. These have included the BBC, Financial Times, Bloomberg, Wall Street Journal, and CNBC, among many more. 

CCDAS logo on image of people reading crypto data on an ipad

CC Data Hosts Digital Assets Summit 

[Startups](/news/article/mastercard-start-path) in the blockchain and cryptocurrency sphere consider ICOs a cheap, fast, and less cumbersome way of acquiring funding for upcoming projects. Maybe you're considering participating in an ICO crypto soon, but there are concepts and intricacies you don't grasp besides not knowing about upcoming ICOs. 

This article helps you understand the ICO process and what projects you can expect soon. 

## What are ICOs? 

An Initial Coin Offering (ICO) is an ingenious method blockchain and cryptocurrency project startups use to raise funds for their products or services. ICO crypto offerings enable investors to participate in [token sales](/news/article/token-vs-coin), where they can acquire tokens newly listed on cryptocurrency exchanges. 

ICOs are popular among startups because they enable them to bypass traditional venture capital when raising capital for new tokens, applications, or other services. The primary benefit of ICOs is building a direct connection between startups and investors, besides eliminating the need for third parties from the capital-raising process. 

## Upcoming ICO crypto calendar 

If you're interested in participating in ICO crypto, you need to look for ICO calendars, where you'll find lists containing past, active, and upcoming ICOs. 

Here, you'll learn about the imminent projects and their fundraising goals, including token sale metrics, project details, crypto presales, and other pertinent information regarding token sales. 

Below is a list of excellent crypto projects you can go through to explore and discover high-potential initial coin offerings. 

## Bitfinder (BITF) 

The first ICO crypto project on our list is Bitfinder (BITF), set to become the pioneer crypto search engine running on a decentralized/centralized network Discover. According to the [Whitepaper](https://cryptototem.com/wp-ico/img/new%20projects/Bitfinder/bitfinder-whitepaper.pdf), the project will offer a search engine specializing in crypto-related content, a publisher program for adding banners, an advertiser program, paid-to-click ads, and crypto games that pay in cryptocurrency. The ICO presale runs between 21 October and 21 November, 2023, with the public sale beginning 21 May until 21 June, 2024. There's a pre-token supply of 60,000,000 BITF out of 1,000,000,000 BITF, priced in USD: 1 BITF = 0.01 USD. 

## Landslide (LADD) 

The Landslide ICO crypto project, whose token sale runs between 15 October and 30 November, 2023, proposes to build the world's fastest blockchain. With speeds of at least 850,000 transactions per second (TPS) and up to 2 million TPS, the project running on Binance Smart Chain will be highly scalable and faster than pioneers Solana, Ethereum, Avalanche, Polkadot, and Polygon. Per the [Whitepaper](https://cryptototem.com/wp-ico/img/new%20projects/Landslide/landslide-whitepaper.pdf), there’s a pre-token supply of 50,000,000 LADD out of the planned token supply of 220,000,000. The LADD utility token is priced in USD, where 1 BNB = 50,000 LADD.   

## Tezos Domains (TED) 

Tezos Domains proposes to launch domains similar to the Ethereum Name Service (ENS) that can be used to secure ownership and link Web 3.0 wallet addresses with websites, share avatars, and publish verifiable contact information. The Tezos Domains, DApps, and wallets will run on the Tezos ecosystem to replace complex public addresses. The [Whitepaper](https://tezos.domains/en/about/faq) states that users will use their Tezos Domains to store their cryptocurrency, addresses, NFTs, or tokens. The token sale has been ongoing since 25 September with a supply of 100,000,000 TED targeting the Tezos community at 1 TED = 0.04 USD. 

## CutKitts (CUT) 

CutKitts consolidates the power of NFTs and memes to introduce a unique Earn-to-Play concept in gaming where users can enjoy games using NFT heroes. The [Whitepaper](https://cryptototem.com/wp-ico/img/new%20projects/CutKitts/Whitepaper.pdf) proposes a robust economic system where users can trade, craft, and enhance their NFTs and enjoy endless possibilities. Investors can expect a good ROI as gamers plunge into the new era of eSports, eLeagues, and other thrilling tournaments. The project's presale began on 7 September and runs until 30 September, 2024, targeting 40,000,000,000 CUT. Public sales run from 20 November to 1 September, 2028. The token price is 1 CUT = 0.00072 USD and is sold in ETH. 

## KlubCoin (KLUB) 

The KlubCoin ICO crypto project is a cryptocurrency that blazes the trail in the electronic music industry and is already popular with some strong brands in a fast-growing ecosystem. The [project](https://cryptototem.com/wp-ico/img/new%20projects/Klubcoin/KlubCoin-LitePaper-1.pdf) enables clubs, festivals, DJs, and artists to offer their loyal fans rewards and crypto ownership via a fan token – KLUB, which can be used in physical and Metaverse events. The project proposes a party-to-earn model for electronic music fans, targeting clubbers and festival goers, offering them instant cashback rewards whenever they buy from partners. Moreover, KlubCoin will allow seamless Web 3.0 onboarding via iOS and Android apps. The pre-token launch takes place between 4 October and 6 October, 2023, targeting 1,000,000,000 KLUB priced at 1 KLUB = 0.0120 USD. 

## How to select a good ICO crypto project  

There are hundreds of ICO crypto and blockchain projects to choose from, each with a horde of returns and benefits for investors. You must comb through lists and calendars of upcoming ICOs offering updated information to locate the best. 

Take the time to carefully go through complete ICO schedules, including the technology behind the project, funding goals, the roadmap, and the developers' team and project community ratings and feedback. 

Check the stage of the project and token sale, read their Whitepaper, conduct sufficient research to understand the project’s risks and viability, and evaluate your risk tolerance before pursuing any ICO crypto [investment opportunity](/news/article/alt-season-crypto). 

Best upcoming ICO crypto presales

Suppose you're searching for [IOTA](https://www.iota.org/) stocks price predictions, analysis, or market forecasts. In that case, you could be interested in the price of IOTA (MIOTA) and whether it's likely to go up in the future. 

This article considers numerous past price movements to answer your questions, especially whether IOTA is a good [investment](/news/article/crypto-invest-strategy).   

## What is IOTA (MIOTA)? 

IOTA differs from other popular cryptocurrencies as it's created on a distinctive distributed ledger called the Tangle. 

The Tangle doesn't rely on blocks, miners, validators, or transaction fees. Instead, it depends on Direct Acyclic Graph (DAG) to overcome cost and scalability issues. 

The result is no-fee payment, low computing charges, and hassle-free integration with Internet of Things (IoT) devices.   

## How IOTA (MIOTA) works 

Understanding how IOTA works is prudent before you can appreciate our IOTA stocks prediction for 2023 and beyond. 

The protocol's structure, Tangle, has a unique way of storing and managing numeric representations. Hence, it beats popular cryptos on scalability by eliminating hurdles associated with traditional blockchains.    

Like XRP, MIOTA tokens are pre-mined, and transactions get validated via the DAG, an exciting mathematical concept used in distributed ledger technologies. The entire IOTA ecosystem is cheaper and more power-efficient than conventional blockchain systems since Tangle doesn't need total node miners. 

## IOTA benefits  

IOTA stocks show potential to develop and catch up with other cryptocurrencies considering its shortlist of benefits, which include: 

High speed: IOTA doesn't encounter most bottlenecks associated with most blockchains as it can handle 1000 transactions per second (TPS) compared to Bitcoins' 5 TPS or Ethereum's 15 TPS.  

Energy efficiency: IOTA is suitable for simple and low-energy devices due to its design meant for machines working in a low-energy environment. 

Adaptability: IOTA is highly adaptable to different use cases as it can be tailored to suit different needs, from homes to large corporations.  

Decentralization: IOTA is developing its fully decentralized 2.0 version, showing its commitment to devolution.  

## IOTA stocks price prediction 2023–2028 

Considering the volatility of the crypto market, it's difficult to make a precise cut of price predictions for IOTA stocks. Therefore, our price prediction should be considered financial advice.    

### IOTA (MIOTA) price prediction 2023 

We're still recovering from the Bear Market, and MIOTA is trading at $0.1456 per [CoinMarketCap](https://coinmarketcap.com/currencies/iota/). It’s expected to reach a high of $0.264423 as the year progresses. The average price should stay around $0.220353. 

### IOTA (MIOTA) price prediction 2024 

IOTA could continue its upward trend in 2024, where pundits believe it could reach a maximum of $0.411325. The year's average could reach $0.367255, but should the Bear Market reappear, the minimum price for 2024 could be $0.323184. 

### IOTA (MIOTA) price prediction 2025 

In 2025, IOTA's impressive growth could mirror the crypto gains expected across the entire market, and the price could hit a high of $0.558227 with an average of $0.514157 with an expected minimum of $0.470086. 

### IOTA (MIOTA) price prediction 2026 

Should the emerging Bull Market rise and affect continued growth, IOTA could attain the price of $0.705129 in 2026, averaging at $0.661059 but falling around $0.616988 if there's a sell-off. 

### IOTA (MIOTA) price prediction 2027 

Given the likely continued adoption of MIOTA worldwide, IOTA will likely build its value to $0.852031 by 2027, and the average price is expected to be $0.80796. The asset's minimum price for 2027 could be around $0.76389. 

### IOTA (MIOTA) price prediction 2028 

In 2028, a potential adoption growth and the possibility of regulators approving crypto could benefit MIOTA. As a result, MIOTA could reach a maximum price of $0.998933, a minimum price of $0.910792, with an average of $0.954862. 

## Is IOTA a good investment in 2023 and beyond? 

Our IOTA stock review shows that MIOTA remains a unique crypto project. While it's yet to happen, IOTA has the potential to become an attractive payment option for users given its feeless and almost instant tamperproof transactions. 

As a result, an [IOTA investment](/news/article/crypto-invest-strategy) could become a good decision if everything falls into place and the emerging Bull Market gathers enough steam. 

IOTA stocks price predictions for 2023 and beyond  

Vectorspace AI ([VXV](https://coinmarketcap.com/currencies/vectorspace-ai/)) is the native asset of Vector Space Biosciences, a project that aims to detect the hidden relationships in data to power and speed up novel discoveries, hypotheses, interpretations, and new insights in space to benefit humanity.  

Launched in 2018, the company comprises a network of bioscience and computational laboratories in addition to advisors from the extensive scientific field, including capital markets, general life sciences, and space biosciences. These experts share a common interest in the growing Machine Learning (ML) and AI sectors. 

VXV is the cryptocurrency that reflects the image of the company in the decentralized finance (DeFi) space. Over the past two years, the digital currency has not fared well compared to other [crypto ](/news/article/is-crypto-dead)assets, and it is not in good standing compared to other AI-powered tokens. 

Let us examine the possibilities of the asset and whether new partnerships can reflect positively on its value.  

## Is Vectorspace AI benefitting from partnerships? 

Yes, the digital currency has been benefitting from partnerships in 2023, although the gains have been short term. 

VXV has been on a downward spiral since it reached an all-time high (ATH) price of [$35.93](https://coinmarketcap.com/currencies/vectorspace-ai/historical-data/) during the peak of the markets in November 2021. 

VXV followed the rebounding of AI tokens in February after it rose to a yearly peak of $1.2627 on 7 February. At the time, the token had risen by 338% from its opening day price of $0.2884 on 1 January. 

Unfortunately, the digital asset is down by more than 70% from the year's high and up by 6% year-to-date (YTD). 

The decline in value YTD has come despite partnerships with some mainstream corporations.  

On 23 May 2023, Vector Space Biosciences announced that it has [partnered ](https://www.businesswire.com/news/home/20230523005963/en/Vector-Space-Biosciences-Oracle-Develop-Language-Models-to-Advance-Human-Spaceflight#:~:text=Vector%20Space%20Biosciences%2C%20along%20with,leverage%20advanced%20language%20modeling%20techniques%20%E2%80%93)with Oracle, a computer technology company that specializes in cloud applications and cloud platform services, to develop what it called a large language modeling and visualization application as part of its mission of advancing space biosciences.  

VXV opened the day at $0.3522, reached an intraday high price of $0.3652, tested an intraday low price of $0.3521, and closed the day at $0.3646.  

The [crypto token](/news/article/is-crypto-regulated-across-the-globe) closed the fifth month of the year with a relatively higher price of $0.4149. Overall, VXV went up by 10% in May.  

## Vectorspace AI: What is the latest?  

On 16 August, 2023, its parent company [announced](https://www.businesswire.com/news/home/20230816037245/en/Vector-Space-Biosciences-Files-for-Registration-for-Space-Launch-of-Biological-CubeSats) that it had begun a filing process for licensing and registering biological CubeStats. 

This will play a valuable role in enabling pharmaceutical, biological, and advanced materials companies to contribute to the advancement of the space industry.  

While the token did not respond strongly to the announcement, disclosure of the company obtaining the full license could lead to a spike in its price.  

VXV, unlike AGIX, Fetch.ai (FET), and other tokens under AI, has not seen the same levels of investor interest ([trading](/news/article/trading-212-guide) volume).  

The token saw a daily trading volume between $20,000 and $165,000 in August. This cannot be compared to the millions of dollars its direct competitors have seen on cryptocurrency exchanges. 

Can New Partnerships Drive Vectorspace AI Price? 

AI tokens have been trending over the past eight months due to the impact artificial intelligence products have had on global markets. 

While AI has been with us for years, 2023 has seen it penetrate all spheres of the global economy, with many countries, like [India](https://indiaai.gov.in/news/meet-soundarya-south-india-s-first-ai-news-presenter-by-power-tv) and [China](https://www.cnbc.com/video/2018/11/09/worlds-first-ai-news-anchor-debuts-in-china.html#:~:text=China's%20state-run%20news%20agency,desk%2024-hours%20a%20day.), introducing AI-powered anchors and newscasters. 

While AI has been well-received by many companies in the entertainment industry, many actors and screenwriters have expressed dissatisfaction, culminating in [strikes](https://apnews.com/article/artificial-intelligence-hollywood-strikes-explained-writers-actors-e872bd63ab52c3ea9f7d6e825240a202) in July.  

Despite the threat AI poses, it has many advantages that can simplify the nature of work. The [crypto](/news/article/is-crypto-dead) market has been trading far below the all-time lows of 2021, but the addition of assets powered by AI companies has led to a significant rebound. 

Let us examine what they are and the impact they continue to have on the DeFi (decentralized finance) sector. 

## What are AI tokens? 

Derived from a combination of cryptocurrency and AI, they play an integral role in driving user experience, scalability, security, and many factors in the growing artificial intelligence sector. 

Due to being housed in blockchain, the possibilities of this technology enable people to use virtual assets to pay for AI-related services.  

Some of these services include payment for the use of image generation or text generation tools, exchanges, or decentralized marketplaces.  

Some of them also play an invaluable role in the creation of several virtual platforms where people can buy and sell AI algorithms.      

## What is the market size for AI tokens?  

The market size for the AI industry was estimated to be worth around $137 billion in 2022. It was forecast to grow at a CAGR (compound annual growth rate) of 37.3% over the next seven years (2023 to 2030), according to [Grand View Research](https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-ai-market).  

Areas expected to contribute significantly to achieving this valuation include but are not limited to manufacturing, agriculture, advertising and media, retail, law, healthcare, and automotive & transportation. 

Some companies named in the research included AMD (Advanced Micro Devices), Baidu Inc., Google LLC, IBM (International Business Machine Corporation), Intel Corporation, NVIDIA Corporation, Microsoft, Zebra Medical Vision Inc., and Sensely Inc. 

Germany, the UK, China, Japan, India, the US, Canada, and Mexico were the countries named to lead this revolution. 

AI tokens are typically assessed with big data cryptocurrencies due to the similar roles they continue to play in the Web3 revolution. 

As of 14 August, there are more than 1.6 million cryptocurrencies on the market. The overall total market capitalization of the digital currency sector stood at approximately [$1.2 trillion](https://www.tradingview.com/chart/1okY2Hep/?symbol=CRYPTOCAP%3ATOTAL).  

Out of this, around $4.9 billion belongs to the big data and AI market. This represents around 0.4% of the entire [crypto economy](https://coinmarketcap.com/view/ai-big-data/).  

This shows the amount of work the aforementioned companies must do to be able to compete squarely with other asset classes such as memecoins which has been soaring with price spikes in Dogecoin (DOGE), Pepe Token (PEPE), Shiba Inu ([SHIB](/news/article/shiba-crypto-project)), and Floki Inu (FLOKI).  

They need massive investment to be able to catch up with popular digital assets such as Solana (SOL), Ripple ([XRP](/news/article/ripple-xrp-news-2023)), Ethereum ([ETH](/news/article/polygon-matic-news)), Bitcoin (BTC), and Litecoin ([LTC](/news/article/litecoin-predictions)).   

## What AI tokens can you consider? 

While AI has faced ire from regulators across the globe, its assets remain some of the most in demand. 

As with crypto, regulatory bodies in the world's most powerful economies are trying to come up with AI compliance measures so that the privacy and security of their residents would not be compromised. 

While the market remains highly competitive with Google, OpenAI, and a few others dominating, the lack of awareness and education on the part of traders may see millions make severe losses within a short period. 

SingularityNET (AGIX), Fetch.ai (FET), Akash Network (AKT), Image Generation (IMGNAI), Kambria (KAT), and CryptoGPT (GPT) are among some of the cryptocurrencies under the AI banner you can consider for your portfolio.  

One of the advantages of owning AI tokens is that more than 90% of them are changing hands below $1. 

This means you do not need to fork out a lot of money before you can get your hands on millions of crypto tokens. With $1,000, you could have millions of GPT, KAT, IMGNAI, FET, AKT, and AGIX tokens in your investment portfolio. 

Many analysts continue to preach diversification and mixing AI tokens with [Metaverse](/news/article/metaverse-companies-to-watch) tokens, memecoins, and coins with sizable prices could be the way to go under the current crypto climate.  

## Conclusion  

The laws of cryptocurrency trading apply to all tokens, including those related to AI. 

Without strong fundamental and technical analysis, you could end up like many traders who felt they had found the next golden goose, only to lose substantial sums in a short period. 

Know that digital asset investment is risky, so invest what you can afford to lose. 

What are AI tokens and should you buy some? 

Tencent Cloud tags itself as the largest company operating under the internet banner in China. Its flagship products, like WeChat and QQ, are used by millions of people in Asia. 

After operating as a high-performance, reliable, and secure cloud computing service for years, it jumped into the blockchain-powered economy in 2023 with a series of partnerships. 

Below, we examine some of the partnerships and their potential impact on the future of the decentralized finance (DeFi) sector. 

## Tencent Cloud has partnered with MultiversX   

[MultiversX](https://www.kraken.com/learn/what-is-multiversx-egld) was formerly called Elrond and has been labelled an Ethereum Killer. MultiversX aims to compete with other smart contract platforms by having an ecosystem of cryptocurrencies and DApps (decentralized applications). 

On 16 February, 2023, MultiversX said it had allied with [Tencent Cloud](https://www.coindesk.com/web3/2023/02/16/tencent-teams-up-with-multiversx-to-expand-web3-strategy/) to help the company with its mission of expanding its Web3 products.  

Through this partnership, Tencent will use the possibilities of its technology and MultiversX’s network to deploy a range of products on the project’s blockchain.  

The Vice President of the cloud computing company, Leo Li, said that liaising with MultiversX was a way of deepening connections between the real and virtual world.  

The announcement had a huge impact on the crypto market as ELGD, the native asset behind the MultiversX protocol, [rose by 14%](https://coinmarketcap.com/currencies/multiversx-egld/historical-data/) from an opening day price of $46.41 to an intraday high price of $53.06.  

The day's trading volume was around $123 million, corresponding to a market capitalization of $1.2 billion. 

## Avalanche and Tencent Cloud partnership 

Avalanche is among the most patronized protocols and plays an integral role in the DeFi and NFT ([non-fungible token](/news/article/nft-art-marketplaces)) markets. AAVE, Benqi, GMX, Trader Joe, Stargate, Yield Yak, Vector Finance, Platypus Finance, Pangolin, and CIAN are some of the DApps deployed on Avalanche, which has given the chain a TVL (total value locked) of approximately [$600 million](https://defillama.com/chain/Avalanche).  

As a top 10 NFT blockchain by all-time sales, with around [$430 million,](https://www.cryptoslam.io/blockchains/avalanche) Avalanche is also a major player in the digital collectibles space.  

On 22 February, 2023, Avalanche disclosed that it has partnered with the Chinese company to support developers and projects in its ecosystem.  

Avalanche’s subnets (a piece of the Avalanche network) will also be explored by both parties as it is used by many enterprises. Representatives of Avalanche believe it will help accelerate the adoption of Web3 businesses across several businesses in the mainstream.  

With this, more products can be added to Avalanche's suite of Web3 products which already includes a bridge, explorer, and wallet. 

AVAX, the native asset behind Avalanche, saw a substantial rise in trading volume for the day. About [$606 million ](https://coinmarketcap.com/currencies/avalanche/historical-data/)was poured into the coin after it reached an intraday high price of $21.46.  

The new alliance deepened AVAX's status as a medium digital asset by value, with a market capitalization of $6.4 billion (medium cap assets range between $2 and $10 billion). 

## Chainlink allied with the company in May  

Chainlink joined the crypto market to help solve the problem of interoperability, as many blockchains were built with independent features. Over time, it has become one of the most patronized decentralized oracle networks. 

On 31 May, 2023, [Chainlink](https://twitter.com/chainlink/status/1663909326770012160?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1663909326770012160%7Ctwgr%5E6f533ab32cbc6b6b38f43a5a623a5ecf4c3aab01%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.crypto-news-flash.com%2Fchainlink-and-tencent-cloud-join-forces-to-unleash-web3-potential-accelerating-decentralized-technology-adoption%2F) announced via its official X handle (formerly Twitter) that it had teamed up with the internet firm to support Web3 startup development. 

The teaming up of the two firms will see BUILD projects under Chainlink receive a minimum of $10,000 worth of default vouchers for Tencent Cloud services.  

The vouchers will facilitate access to the internet company's various cloud computing resources, including but not limited to networking, storage, and power. 

As one of the coins hit hard during the crypto winter, which was born out of the collapse of Do Kwon's Terra Network in May and Sam Bankman-Fried's FTX in November 2022, LINK rose slightly on the back of the announcement. 

As of 13:00 UTC on 11 August, 2023, LINK was exchanging hands for[ $7.55](https://coinmarketcap.com/currencies/chainlink/), and many analysts forecast the coin to breach the $10 mark again and retest $20 in the future. 

## Conclusion  

Web3 is seen as the next iteration of the internet, where billions of people across the globe will be able to connect through decentralized systems. 

Being at the helm of the internet through its cloud computing services means that Tencent Cloud will play an instrumental role in the future of the blockchain-backed economy, which relies solely on the internet to function. 

With partnerships with MultiversX, Avalanche, and Chainlink leading to a rise in their respective native assets, more strategic team-ups could reflect positively on the overall market capitalization of the[ crypto](/news/article/is-crypto-regulated-across-the-globe) industry. 

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