Bitcoin paved the way for other cryptocurrencies. There are thousands of coins and many more new crypto coins yet to launch. Where does this leave the almighty [Bitcoin](/coins/btc)?

## What Are Altcoins?

Altcoins are cryptocurrencies that are not Bitcoin. In other words, they are alternative coins to Bitcoin. These coins share similar characteristics with Bitcoin but can improve their features. 
Ethereum is the second-largest cryptocurrency after Bitcoin, making it the largest altcoin based on market cap. Some other major altcoins are Binance, Solana, and USDC.

New crypto coins are emerging. Based on the level of advancement in the crypto world, they are likely to do even better. For example, there were older cryptocurrencies before Solana launched, yet it is currently one of the largest coins in the crypto space.

There are more than 14,000 altcoins; some are still rising in price while others have been struggling to stay relevant. Despite the number of altcoins available, in November 2021, according to (CMC) CoinMarkeyCap, Bitcoin and Ethereum had 60% of the cryptocurrencies available in the market, while altcoins accounted for the remaining 40%.

Currently, the price of Bitcoin influences most cryptocurrencies, a significant change in the price of Bitcoin leads to a significant change in the price of altcoins.

## Type of Altcoins

There are different types of altcoins and different categories based on their functions. Each of these categories plays a different role in the crypto world. The categories include;
Mining-based coins

Like Bitcoin, these coins are mined to create more and serve as a way of controlling the circulation of the coins. Some examples of mining-based coins are Litecoin and Zcash.

### Stablecoins

Stable coins play a really important role for investors in the crypto market. They are called stable coins because they are influenced by fiat currencies, for example, US dollars. Stable coins include NUSD, NUSD, and USDT. 

### Meme coins

These are usually short-term gain coins. A joke on existing popular cryptocurrencies inspires meme coins. Examples of meme coins are Shiba Inu and Dogecoin. 

### Security tokens

Security tokens are a replica of the traditional stock. 

### Utility tokens

These are tokens used to provide services within a network. An example of a utility coin is Filecoin. 

### Are Altcoins Good Investments?

Profit and loss in cryptocurrency trading depend on the coin you invest in. So the first step in determining if a coin is a good investment is to DYOR. With that, you will be able to figure out if the coin is worth the risk.
Not all altcoins are good investments, although many have proven profitable.

Generally, investing in cryptocurrency is risky as it is a volatile market. If you invest, ensure that you do proper research, especially on new crypto coins, and take wise risk decisions.

## Are More Altcoins Needed in the Market?

The emergence of new crypto coins positively impacts the crypto market. Bitcoin is out of reach for most crypto investors based on its current price. There are lots of altcoins with good potential going for a way lesser price compared to Bitcoin. 

Some new crypto coins are making waves in the crypto world and making their investors rich. Meme coins may be short-term gain coins and have a high level of volatility, but that doesn’t change the fact that it has made many millionaires overnight. 

More altcoins mean more opportunities for cryptocurrency investors. It is up to you to ensure that you are making the right investments.

## What Do Bitcoiners Think About Altcoins?

Altcoins are more advanced than Bitcoin and are considered good alternatives. Despite all the new features altcoins possess, Bitcoin still stands as the most popular and most prominent cryptocurrency in the crypto space.
Bitcoiners may not be too open to new crypto coins, but the fact is that the entire crypto space is aware of the positive impact altcoins have on the crypto market. 

Bitcoin remains the number one cryptocurrency in the whole crypto market. Bitcoiners are aware that these new crypto coins cannot replace Bitcoin.


New Crypto Coins: Good News for Bitcoin?

NFT marketplaces brings back 6.39 million results when searched for on Google. This means that you are not alone in looking for the best NFT marketplaces for 2022.

You continue to come across news of people buying digital cats, apes, in-game designs, and digital art for millions of dollars. It usually surprises you, since art pieces were typically purchased at auctions from well-known galleries across the globe. You may have asked countless times where people keep getting these digital collectibles. Do not worry, Moni Talks has got you covered when it comes to the best NFT marketplaces to buy digital arts that suit your investment preferences.

Since the second half of 2020, non-fungible tokens (NFTs) have sailed on. Many traditional investors, and cryptocurrency holders, are doing everything in their capacity to own and speculate on these blockchain-based assets that are verifiable, indestructible, indivisible, and non-interoperable.

NFTs are digital tokens representing ownership of an asset that is scarce, whether a digital or physical item. Some of these items include real estate, in-game items, collectibles, soundtrack, and artwork.

Unlike cryptocurrencies such as Bitcoin (BTC), ApeCoin (APE), and [Ether (ETH)](/coins/eth), or fiat currencies such as the United States Dollar (USD), Euro, and the Great Britain Pound (GBP), these tokens cannot be exchanged for another.

This is because they come with unique attributes and traits that can be verified but do not have the divisibility of cryptocurrencies or fiat money.

Moreover, unlike digital assets, NFTs cannot be bought on exchanges (centralised and decentralised). Instead, you can find them on specially built online marketplaces.

## What are NFT Marketplaces? 

NFT Marketplaces are platforms where digital collectibles can be displayed, stored, traded, and minted in some cases. These marketplaces are to NFTs what exchanges are to cryptocurrencies and e-commerce websites such as Amazon and eBay are to goods and services.

To be eligible to partake in the activities of these marketplaces, you need to meet the following requirements.

Firstly, you must have a crypto wallet. There are several crypto wallets out there. You should also note that there are several NFT blockchains in the market, as of May 2022. Therefore, the onus falls on you to find a wallet that can access the blockchain network of the NFTs you wish to purchase.

A great example can be attributed to planning to buy or sell NFTs on the blockchain technology of Ethereum. You'll need a wallet like [MetaMask](https://metamask.io/) since it facilitates access to the Ethereum Network. In the same way, should you choose to buy or sell NFTs on other blockchains, you need to find wallets that grant access to those networks.

Secondly, you must have a certain amount of coins in the wallet. You cannot buy cryptocurrencies without fiat or other coins as deposits. In line with the same requirements, you need to deposit coins in your wallet before you can buy, sell, or mint a non-fungible token. More importantly, you will have to check the kind of cryptocurrencies supported by your preferred NFT marketplace before settling on a particular platform.

Lastly, you need to create an account. If you want to buy cryptocurrencies, you must create an account on exchanges that support a particular token. Inferring from the same activities you perform in the crypto space, you need to register for an account on the NFT marketplace of your preference.

In the crypto finance space, you can never do away with fees.

The same holds for listing and creating NFTs. You have to pay a blockchain network fee. There is a not a one-size-fits-all approach and, as a result, you should know your fee is dependent on the blockchain you use for your NFTs. Ethereum has the lion's share of NFT dApps, but it has relatively higher fees than other NFT blockchains.

## What are some of the NFT Blockchain Options?     

Ethereum is the most popular blockchain for decentralized finance (DeFi). Vitalik Buterin’s innovation has the largest blockchain by NFT sales volume. As of May 3, 2022, the total NFT sales volume generated by Ethereum was around $24.99 billion, per data retrieved from CryptoSlam.

This makes Ethereum the most popular chain to buy, sell, and create unique digital collectibles.

Aside from Ethereum, competing NFT blockchains include but are not limited to; Solana, TRON, Polygon, Flow (by Dapper Labs), Polkadot, Algorand, Avalanche, Ronin, BSC, WAX, EOS, Cosmos, Hedera Hashgraph, Cronos, Palm, Arbitrum, Panini, Tezos, Waves, and Fantom.

Interoperability is the hallmark of most of these blockchain systems. For example, you can use ERC20 tokens (Ethereum-based tokens) such as the United States Dollar Tether (USDT), the United States Dollar Coin (USDC), and Binance Coin (BNB), DAI, and others to buy Ethereum-based-non-fungible tokens.

On the other hand, blockchains such as Flow are not interoperable. You can only buy NBA TopShot NFTs with the native asset of the Flow ecosystem, FLOW.

## How Do These Marketplaces Work?

### Register for an Account 

Although there are slight differences when signing up for an account on an NFT marketplace, the main steps are similar.

It involves creating an account and connecting a supported wallet address to your preferred NFT marketplace.

Usually, you can find the "sign up" button at the top right-hand side of the homepage of an NFT marketplace.

Since you know the importance of holding onto your private keys and your passwords, you will be asked to input secret details of your wallet. Once done, your account will be fully set up.

### Buying a Non-Fungible Token 

There are several ways of buying an NFT. You can buy a digital collectible directly at a fixed price. What's more, you can buy an NFT through an auction. In some instances, owners of an NFT are open to negotiating the price of their digital collectibles.

### Selling a Non-Fungible Token 

Selling unique collectibles is more complicated than buying them. Selling NFTs is easy if you are reselling previously purchased items. Unfortunately, if you are selling something you have created, you need to go through a lengthy process.

•	Firstly, you have to upload an image of the digital art, tweet, or soundtrack onto your preferred NFT marketplace. Then you enter a fixed price for the NFT or entice buyers to battle for the piece through an action.
•	Secondly, verification of the NFT is done by the platform. If this is approved, the digital collectible will be listed for sale.
•	Lastly, once a seller accepts a bid for the NFT, the marketplace oversees the completion of the item's transfer from the buyer to the seller.

### Minting a Non-Fungible Token 

Ethereum is the best place to start if you are considering minting NFTs. You'll need an Ethereum wallet like Coinbase Wallet, TrustWallet, or MetaMask that supports Ethereum's token standard for NFTs.

Minting NFTs come at a cost. Therefore, you should have at least $50 in your wallet to cover Ethereum gas fees.
Once you have this, you can access NFT Marketplaces such as Mintable, Rarible, or OpenSea. A "Create Button" is typically found on the top right corner of most platforms.

Once you click on that button, you will be taken to a page where you can begin minting NFTs.

## What are some of the best NFT Marketplaces? 

There are several types of NFT marketplaces. Art-oriented and universal platforms dominate this market. Others, such as niche NFT marketplaces that list virtual real estate, digital collectible cards, and in-game items, are also preferred by millions of people.

Let us look at five of the most popular NFT marketplaces in addition to other honorable mentions.

•	OpenSea: • Launched on December 20, 2017, OpenSea is an online p2p marketplace where NFTs in the form of digital arts, in-game items, and other products can be bought and sold. As one of the most established universal NFT marketplaces, you can find domain names, virtual worlds, sports collectibles, and trading cards. It is the largest NFT marketplace by trading volume.
•	LooksRare: • Launched in January 2022, LooksRare has given strong competition to OpenSea. When you consider data from Dune Analytics, this NFT marketplace recorded more than $800 million in a single week in April. Having spent four months as a platform for buying and selling NFTs, Otherdeed, Bored Ape Yacht Club, and Mutant Ape Yacht Club are the top collections on Looksrare.
•	Foundation: • Founded in February 2021, Foundation has become the go-to NFT marketplace for several creators. This is the playground for collectors, curators, and artists to experience the new way of buying, selling, and minting digital collectibles. Some of the top-selling Foundation (FND) NFTs include Carpoolers, At World’s End, Lucid Journey, Faced Fears, and Arrived.
•	Rarible: • Launched in 2020, Rarible is one of the most patronized NFT marketplaces in the crypto stratosphere today. Data retrieved from Dune Analytics shows that Rarible trails only OpenSea, LooksRare, and Larva Labs in weekly volume. It is an NFT marketplace where millions of people create, sell, and collect digital items. It is one of the few NFT marketplaces controlled by community members through their ownership of RARI tokens. Some of the top collections include but are not limited to CyberBrokers, CloneX, Mutant Ape Yacht Club, Bored Ape Yacht Club, Invisible Friends, Dippies, Azuki, and Dour Darcels.
•	Nifty Gateway: • Founded in 2018, Nifty Gateway is one of the largest NFT marketplaces. This platform holds the record for the most expensive digital collection ever sold. For $69 million, Beeple sold its collection labeled Everydays: The First 5000 Days. Beeple also sold Crossroad for $6.6 million on this platform. Other best-selling digital collectibles include Tpunks and CryptoPunks.

## NFT Marketplaces: Honorable Mentions

Although the NFT marketplaces already mentioned are some of the best platforms to buy digital collectibles, they are not the only ones. Others, such as SuperRare, Larva Labs, GameStop, NFT Launchpad, Crypto.com, DraftKings, and WAX, have great collections.
 
## What are some of the best NFT art collections? 

Once you settle on the best NFT marketplace that can oversee your activities, you have to find an NFT collection to invest in.
Although there are hundreds of collections in the market today, Moni Talks would like to draw your attention to the top five NFT collectibles by all-time sales volume.

•	Axie Infinity: • This NFT marketplace hosts in-game characters from the play-to-earn game called Axie Infinity. On the platform, players earn rewards by breeding, battling, and trading digital pets called Axies. Axie Infinity’s game has become a source of passive income for millions of people. As of May 2022, Axie Infinity has surpassed more than $4 billion in sales volume.
•	CryptoPunks: • This is a collection of 10,000 unique punks. Each CryptoPunk is different and can be officially owned by a single person. It is one of the highest-selling digital collectibles. Overall, CryptoPunks has surpassed more than $2 billion in sales volume.
•	Bored Ape Yacht Club: • Mirroring CryptoPunks and other projects that came before it, BAYC comprises 10,000 unique bored apes. They come in the same template but have different accessories. BAYC is the third-highest selling NFT collectible with more than $2 billion in sales.
•	Mutant Ape Yacht Club: • Mutant Ape Yacht Club (MAYC) is the sister project of BAYC. As of the most patronized digital collectibles, it is the fourth-highest selling NFT with more than $1 billion in sales volume.
•	Art Blocks: • As a unique platform, this project helps you pick a theme or style you like and make payments. Then, a random generation version of your selected style will be created by an Art Block algorithm which will be forwarded to your Ethereum account. Millions of people have taken advantage of this technology. As of writing, Art Blocks as an NFT collection had more than $1.2 billion in sales.

Others deserving of honorable mentions include NBA Top Shot, Azuki, The Sandbox, Meebits, World of Women, Decentraland, Valuables, and Sorare.
 
 



NFT Art Marketplaces: A Beginners Guide

Will the crypto market recover after crashing down in 2022? This article addresses the crucial topic that most people want to know. We also discuss when to expect bull-run crypto again. Let's start our analysis!
The current crypto market situation is exactly the opposite of what heights it reached in 2021. [Bitcoin](/coins/btc) lost more than 60% of its price value from last year. Meanwhile, Ethereum, Binance Coin, Litecoin, Cardano, Doge, and others are red.

Besides, the Terra Luna crash has left a dreadful impact on the market. As a rising coin, Luna has flattened, and the stablecoin, UST, lost its peg. It has shaken the investor's trust in the crypto market. Overall, the crypto market is in a tailspin, with everyone having the same existential question: will crypto recover anytime soon?

To clarify the doubts, here are some insights into current crypto trends.

## Why is the Crypto Market Down Today?

Several social factors have influenced the recent crisis in the crypto market. Last year, it was Tesla’s pull-out from accepting payments in Bitcoins and China’s sanctions on crypto. But today, it is because of the Russia-Ukraine war and the looming fear of global inflation. Moreover, the debacle of the Terra Luna blockchain has also played its part in this downward trend.

Last year, despite the two happenings, various cryptocurrencies saw their all-time highs. But today, it isn't the case, as the investors' confidence in the market has sunk. Luna's crash resulted in the de-pegging of the stablecoin TerraUSD (UST), which was considered a safe bet for trading.

Besides, the fear of recession has kept people from investing in digital assets. [The inflation in the UK has reached a 40-year high](https://www.bbc.com/news/business-12196322) rate of 9% and is expected to be 10% in the coming months. Fuel and gas prices are also surging worldwide. In this scenario, people are more inclined to keep liquid assets or other risk-free assets.
 
## When Will the Crypto Market Go Bull Run?

The crypto predictions today depict quite a gloomy picture of the market. But, the one thing we can learn from the previous crypto market crashes is that they always result in some innovations in crypto and are part of the cleansing process of the market.

The cleansing of the system usually happens when it hits bottom. So, the question should not be ‘will crypto recover?’ Instead, it should be ‘when will crypto bull run again?’ To figure it out, you must watch Bitcoin closely, as its value directly affects other altcoins.

As of May 27, Bitcoin stands at $29,007.14 and is down by 2.25%. Since the start of the year, it has lost around 60% of its value. Some analysts like Tony Nyman from Informa Global Markets suggest that Bitcoin might fall under the $20,000 mark.

On the other hand, another analyst, Michaël van de Poppe, hoped that if Bitcoin showed resistance at $29.4K, it might make gains and reach the $32.8K mark. But, it is quite unlikely as Bitcoin has already fallen that mark.
According to some analysts, it might go down to as low as $8K by the end of 2022. Therefore, before we see a significant recovery, the crypto market will go through more bleeding to reach the bottom. Nevertheless, it is crucial to understand that the crypto market, like any other market, operates on the supply-demand, and its recovery will depend on it.

## Road Towards Sustainable Stability

The previous crypto market crashes show that there can be an increase in market capitalisation after the continuous downward trend. In addition, for the system’s stability, there is room for certain technological innovations that can overcome the existing drawbacks of the system.

For instance, the January 2018 crypto crash resulted in shaping the DeFi system in the crypto world. In the same way, the current market crash can help us establish a secure blockchain for stable coins, which will resolve the issue of high volatility in the market.

It is exactly what the Chief Marketing Officer of Coinbase, Kate Rouch, has pointed out in a recent blog.

So, as we observed the failure of a stable coin, the current downward trend might bring up better and more secure projects. Moreover, when the market hits bottom, it can naturally wipe out the Ponzi scheme-based projects that run on faulty algorithms.

A market collapse is also a good reminder for crypto investors to educate themselves about the current trends and make informed decisions. As an investor in the current climate, you should take a step backwards and study the blockchain systems before investing money in any.

After all, it gives you another crucial lesson not putting all your eggs in one basket. You must not risk all your life investments on one single token. Instead, it is better to accumulate and trade side by side.


Will Crypto Recover? When to Expect a Bull Run

It isn't just about ETH to GBP values. [Ethereum](/coins/eth) is the most well-known of altcoins, and it's much more than just another cryptocurrency for many investors and enthusiasts. Experts say that this innovative platform could grow in value by 400% in the coming years, making it an appealing option for anyone interested in diversifying their digital investments.

Launched by [Vitalik Buterin](https://time.com/6158182/vitalik-buterin-ethereum-profile/) in 2015, ETH, or Ether, has seen incredible growth since its creation. With a price ranging from a low of $0.311 at launch to an all-time high of nearly $5000 late last year, Ether is a highly volatile currency with plenty of opportunities for those willing to take on risk. And despite recent drops below $2800 over the weekend, Ether still offers a powerful return on investment for individuals who purchase at the right time, representing a lifetime ROI of over 700,000%.

Ethereum's popularity is partly due to its utility as a software network that allows developers to build and power NFTs, apps, and new tools. The blockchain-based software network includes several functions and applications all over the tech globe, especially for decentralised finance (DeFi), gaming, entertainment, and music. With multiple potential uses, it's no wonder Ethereum is one of the most popular cryptos.

Since Ethereum's inception in 2014, its price has been on a rollercoaster ride. ETH cost has fluctuated wildly in the past year, rising from around GBP 100 in early 2020 to GBP 900 by December. And while the current ETH to the GBP exchange rate is around GBP 450, experts believe that Ethereum still has a lot of upside potential. Its annualised ROI since 2014 is nearly 300%, meaning early investors have quadrupled their investment every year.

## So what's driving Ethereum's price projections?

### Ethereum Price Projections

Looking to venture into the cryptocurrency craze, but unsure where to start?

There is no easy answer when it comes to predicting the price of Ethereum or any other cryptocurrency. Many experts agree that it is nearly impossible to accurately predict the future price of a volatile commodity like Ethereum. However, they note that Ethereum has seen tremendous growth in recent months and is poised for even more success in the coming year.

Some have suggested that Ethereum's transition to "Ethereum 2.0" could significantly drive growth in the coming months, making ETH even more appealing and sustainable for widespread use. Will that happen? Who knows - for now, there is no doubt that ETH is an exciting investment opportunity worth keeping an eye on.

Given these variables, here are some expectations for Ethereum's value throughout the year:

### $12,000+
 
The price of Ethereum has been rising in recent months, and Coinpedia predicts it will continue to grow in the coming years. If Ethereum's anticipated Ethereum 2.0 transition is successful, the price could reach as high as $12,962.33 by 2022. The latest upgrades could potentially make Ethereum more cost-effective for users to mint and create products.

With the new upgrades, Ethereum could become a more viable option for developers and users alike, leading to even more growth in the coin price. Only time will tell if Ethereum 2.0 will be a success, but if it is, it could significantly impact the cost of Ethereum.

### $6,500-$8,000

When Coinpedia predicted that Ethereum (ETH) could hit prices between $6,500 and $7,500 by 2022, many in the crypto community noticed. While this bullish sentiment seemed to hold true at first, it quickly became apparent that Ethereum's price would not arise purely from sentiment.

In recent months, the rising price of Ether has captured the attention of investors around the world. According to Henri Arslanian, a global crypto leader at PwC, ETH to GBP is currently "the only show in town." However, demand and functionality will need to improve for the ETH price GBP to continue rising and capture more market share in the crypto market.

Many experts speculate that this can be achieved through advancements in blockchain technology and a growing awareness of Ethereum's capabilities among businesses and consumers alike. For example, Ian Balina has remarked that ETH could potentially reach $8,000 by taking advantage of its leadership position and overcoming its current shortcomings related to high gas prices and slow transaction speeds.

### $4,000-$5,000

ETH is currently in a good place. The cryptocurrency has been on the rise since early 2021 and shows no signs of stopping. Predicting the price of a volatile cryptocurrency is hard, but most experts agree that Ethereum could reach $4,000 again by 2022. In fact, Bloomberg intelligence analyst Mike McGlone recently predicted that Ethereum could end the year between $4,000 and $4,500. All in all, it looks like ETH is slowly but surely climbing up to where it belongs.

## What Drives Ethereum's Price

Ethereum is renowned for being the first blockchain to utilize smart contracts. These innovative features have contributed to Ethereum's popularity and helped it earn a reputation as one of the leading contenders in the fast-growing world of blockchain technology.
However, in recent years, a new wave of ETH alternatives has emerged, bringing similar capabilities and changing the demand dynamics for ETH.

Several key factors impact ETH prices and can potentially influence its value positively and negatively.

## Utilisation and High Traffic

With the advancement of smart contracts and non-fungible tokens on the Ethereum blockchain, artists and creators have taken control of their digital creations in a whole new way. This has been a blessing for the blockchain, as it has helped to grow both the popularity and adoption of Ethereum. However, some view this growth as a curse. The high transaction volume on the Ethereum network has created what some call a "bottleneck" on the blockchain.

In other words, the increased popularity of Ethereum has made it difficult for users to transact efficiently due to congestion and high transaction fees.

In recent years, the popularity of Ethereum has risen dramatically, primarily driven by the growth and success of blockchain-based applications and other decentralized technologies. However, in the meantime, several new companies have emerged that are creating competitive solutions to the existing Ethereum platform.

These add-on solutions, known as Layer 2s, are designed to work on top of the current Ethereum network. In contrast, entirely new blockchain networks - also known as Layer 1s - have been released as potential alternatives to Ethereum. As a result, these emerging competitors have begun to pull users away from the Ethereum blockchain and into their platforms, creating a steadily growing climate of competition within the marketplace.

For investors interested in how these trends could affect the value of their investment in Ethereum, this increased competition is somewhat bittersweet. While it suggests that users are still enthusiastic about blockchain technology overall, it may lower demand for ETH to GBP conversion or ETH price GBP if users opt instead for alternative blockchains with more established track records. Ultimately, only time will tell how these trends affect market positioning for ETH trading and ETH price forecasts within this rapidly changing landscape.

## First Mover Advantage

Ethereum has been a crucial player in the cryptocurrency world since its launch in 2015. Since then, many other cryptocurrencies have entered the market, including some more environmentally friendly than Ethereum. However, experts believe that Ethereum's "first-mover advantage" will help it maintain its position in the market.

Cryptocurrencies are only valuable if a community of users is willing to buy and sell them. Thankfully, Ethereum has a first-mover advantage and a large and committed community of users. This makes it well-positioned for long-term success.

Ethereum, which by market capitalisation is the second-largest cryptocurrency, is well-positioned to meet future demand growth, experts say. Although new blockchains like Solana and Cardano provide similar functionality, Ethereum has a large and active user base that is likely to continue to grow.

Additionally, Ethereum developers have shown a willingness to expand capacity if needed rapidly. For now, it appears like the Ethereum community is content to wait and see if additional power is required. However, if demand increases, Ethereum is well-positioned to meet that demand.

## Competition from 'Ethereum-Killers'
 
In 2021, the terms "cryptocurrency" and "NFT" entered the mainstream consciousness, signaling a growing interest in Web3 technologies and their potential to revolutionize the internet's interaction. With its focus on improved data security, transparency, and user ownership of digital assets, Web3 has quickly become a hot topic in tech circles.

Companies like Ethereum and other leading blockchains like Solana, Cardano, and Tezos have been at the forefront of this emergent movement. Driven by ambitious goals to develop new infrastructure that will power the future vision of a truly decentralised web, these organisations have attracted significant investment from visionary investors who see parallels between today's Web3 pioneers and those involved in the dot com boom of the late 90s.

As more users flock to Web3 platforms, it seems certain that this groundbreaking technology will play a pivotal role in shaping our technological landscape for years to come. Whether it's ETH to GBP conversion or ETH price GBP exchange rates, there is no doubt that Web3 represents an exciting chapter in the evolution of our increasingly connected world.

## The Future of Ethereum

As the saying goes, "April showers bring May flowers." And after a long winter, nothing feels more refreshing than warmer weather and brighter days. For Ethereum, the past few months have been something of a downer. Despite ongoing optimism from the crypto community, Ethereum has been struggling to find its footing following a period of intense volatility. However, there is reason to believe that Ethereum will come back soon.

According to Arslanian, Ethereum currently holds over 90% of the NFT market. He expects this year to be a make-or-break year for the innovative contract blockchain. Zannos similarly believes that Ethereum has what it takes to rebound from its current slump, citing the strong community momentum as a critical factor in its favor.

So, while we wait to see how things will play out, there's reason to believe better days ahead for Ethereum.



ETH to GBP: Is Ethereum the Next King of Crypto?

Wondering where the Luna coin will stand in the future amid its recent debacle? Read below to find out what experts say about Luna’s price prediction in 2023, 2025 & 2030.
The crypto market has been experiencing a decline since the start of this year. But, after reaching its highest, the sudden collapse of Luna in May 2022 has further worsened the situation. Today, investors lack confidence in the crypto market. Whereas all the top coins like BTC, ETH, and BNB are also losing their value.

The downfall of Luna has left a severe impact on the entire crypto market. And we might continue to experience its aftershocks for a long time. So, if you’re a Luna investor or not, you must follow the Terra Luna price predictions after the crash closely!

## How did Luna crash?

To understand the Terra Luna debacle, you must know how Terra operates. Terra blockchain works on the swapping mechanism of two coins; UST and Luna. UST is a stable coin pegged with fiat currencies like the US Dollar. This blockchain maintains the stability of UST at $1 by paying you through Luna. Also, its Anchor protocol allows you to get a 20% yield if you buy and deposit UST to it.

But, as a crypto whale bought $285 million of UST with [Bitcoins](/coins/btc), its price drastically decreased to under $1. This led to UST losing its peg to the US dollar, and its native coin, Luna's price, also dwindled. Because of that, holders started to liquidate their profits, causing the entire Terra Luna ecosystem to crash.

As of 23 May 2022, Luna is worth only $0.00019, which was around $116 in the previous month. Comparably, the current price of UST is $0.07112, which was maintaining its price at $1.

## Can the Terra Luna Ecosystem Recover? - Terra Luna Price Predictions

Can we expect the revival of the Terra Luna ecosystem or not? It is almost impractical to guess it because of the high volatility in the blockchain. But, observing the long-term Terra Luna price predictions might help us evaluate the situation. Let’s take a look!

### Terra Luna Price Predictions 2023

According to the DigitalCoinPrice current estimates, Luna will be averaging $0.000273 next year. Its lowest price will be $0.000253, and it can go to a highest of $0.000302.

### Terra Luna Price Predictions 2025

Luna Price predictions for 2025 suggest that it will be averaging $0.000372 and can reach the maximum price value of $0.000400. Yet, the minimum price of Luna will be around $0.000331.

### Terra Luna Price Predictions 2030

The forecast does not suggest Luna go bullish till the year 2030. It will still be maintaining the average price of only $0.000884 in 2030. It might reach the highest of $0.000903, whereas its lowest price will be $0.000848.

## Is Luna Coin a Good Investment?

Luna's price today and the Luna price predictions till 2030 do not suggest that it will regain its position. According to the forecast, Luna is unlikely to reach the $1 mark.

But, as the Terra Labs are taking some majors to revive the ecosystem, investment in Luna is a gamble. So, if you are already holding the Luna coins, it is better to keep them and patiently hope for the revival of Luna.

Please note that our Luna price prediction is based on the general observation of the crypto market and should not be taken as financial advice. If you are interested in investing in Luna coin, carry out your own research before coming to any conclusion.


Luna Price Prediction: Is it Buying Time?

COTI crypto (“currency of the Internet”), a Layer-1 platform that operates on the Proof-of-Trust (PoT) consensus, has recently turned bullish and left everybody asking – for how long?

As the first enterprise-grade blockchain platform for payments, COTI integrates a so-called directed acyclic graph (DAG) data structure with the demands linked with traditional finance, such as fees, latency, and so on. A DAG is a data structure that enables more efficient and scalable transactions. 

Here, each transaction is confirmed by two previous transactions. It makes a more efficient, transparent, and, therefore, safer network of trust than a traditional blockchain.

## Why is COTI trending?

According to [CoinMarketCap](https://coinmarketcap.com/), COTI crypto is currently trading at $0.19 with a volume of $22,185,025 over a day. However, not long ago, COTI recorded a price of $0.33 and analytics claimed this was only the beginning. During the last month, COTI crypto has witnessed both plunges and jumps, demonstrating the token's volatility. There are good reasons to watch this cryptocurrency.

The first one includes expecting the forthcoming MultiDAG 2.0-layer launch. This will enable the COTI protocol to develop the new tokens on top of its Trustchain. This will also ensure that the COTI mainnet creates a governance token for COTI’s treasury. This new token will act as one more enterprise-driven token built on its Trustchain.

Another reason for its rally is its announced partnership with Cardano’s first NFT Gaming platform dubbed Revelar.

This cooperation includes Revelar implementing COTI stablecoin Djed to ensure a more secure and balanced way to buy and sell NFT game assets on the Revelar platform. Moreover, the Djed stablecoin will ensure the COTI’s presence in new tokenomic models.

Revalar’s integration with Djed is only a part of a bigger plan to create new NFT payment options, such as fiat-backed payment integrations to Cardano.

Shahaf Bar-Geffen, CEO of COTI, said that “by integrating Djed to their platform, Revlar is giving their developers and gamers more stable payment options".

## COTI price performance

COTI crypto's uniqueness lies in the fact that it consistently pays for all the features and makes sure both buyers and sellers are protected within a stable framework. This allows COTI to save time and increase processing speed.

According to CoinMarketCap, COTI crypto rose by 1.77% at the time of writing, with a live market cap of US$199,294,662 and 1,05B COTI coins in circulation.

As we already mentioned, COTI operates a cross-chain bridge and, through reproducing, the bridge constantly processes delayed transactions involving ERC-20 and COTI native tokens.

COTI crypto has been trading almost at a similar price as the ERC-20 version. Both tokens were listed on some of the biggest exchanges, such as Crypto.com, Celsius, Huobi, 1inch, and Coinbase. This also triggered the price surge.

Analysts say that the community built around COTI and Cardano also boosted trading volumes, seeing an almost twentyfold rise since last June.

With these metrics in mind, the conclusion stands that the COTI crypto race won’t be coming to its end anytime soon.

More [Business & Markets news](/news/category/crypto-business-news).


COTI Crypto: Bullish Trend Coming?

Since 2022 started, we have seen signs of a possible cryptocurrency market crash.

The crypto market is highly unpredictable. [Bitcoin](/coins/btc) and other prominent cryptocurrencies, including [Ethereum](/coins/eth), BNB, Luna, XRP, Solana, Cardano, Avalanche, and [Dogecoin](/coins/doge), have experienced falls in value, brushing around $200 billion from the aggregate crypto market.

Five months back, Bitcoin (BTC), the largest cryptocurrency with a market value of $758 billion, reached its all-time high of $69,000, and its [market is currently 42% down.](https://coinmarketcap.com/)

## The question remains the same: is a cryptocurrency crash inevitable?

To understand the question, we need to study the reasons behind the market crash. Let's go through some of the prominent reasons behind a cryptocurrency market crash.

1.   A Dearth of Liquidity in Cryptocurrency Markets
The most notable concern the crypto markets encounter is when leveraged investors liquidate a considerable share of their investments due to the across-the-board liquidity of the markets. Unlike the stock market, there aren't consistently a bunch of buyers waiting to grab up unloaded coins. This is a reason why crashes tend to occur more frequently.

2.   Crypto Security Violations are Driving Fear
Blockchain and network security are additional factors resulting in a crypto crash. This crash is likely to unfold similar to government actors' regulatory disruptions.

For instance, if it seemed that there was a security fault in Bitcoin, that would impact the desire to mine it, affecting the hash rate and all-around price.

And unlike stocks, which are backed by underlying assets, the value of most cryptocurrencies is operated purely by investor view.
Morningstar Investment Management global chief investment officer Dan Kemp said the challenge facing holders is finding cryptocurrencies with 'limited supply and enduring appeal’.

3.   Uncertainty
Uncertainty among investors is driven by many factors, for example Covid-19 and the ongoing war in Ukraine. They aren't sure whether the cryptocurrency market is stable or volatile. Lack of liquidity in the market generates fear among investors. They are likely to liquidate their assets as per the unpredictable situation. This results in an overflow of coins with a limited amount of buyers present in the market, driving a market crash. This again counts as one of the prominent reasons behind the crash.

4.   Crypto Influencers are Driving Volatility
When it comes to sentiment, cryptocurrency investors ought to remember that crypto promoters and key influencers can tweet and generate an inflow of capital. We've seen this occur with Elon Musk's backing of Dogecoin.

Tweeting can have an adverse effect too. The reason behind this is the investor sentiment and crypto's shortage of liquidity. The only solution to the problem is to study the market trend and analyze the technical team and their robust strategy to boost the coin performance.

Answering the central question, no, the cryptocurrency market crash is not inevitable. With the influx of serious investments from institutional investors and advancements in crypto projects, we expect the blockchain industry will mature with time and earn trust from investors as WEB3.0 stands at the door. These crypto projects directly link to real-world applications, and when they go to the profitability section, we could expect the market would get more mature. 

The volatility could reduce to a certain level in the interest of the investors
 
 
 
 
 
 
 



Cryptocurrency Crash - Is It Inevitable?

[Quantum Blockchain Technologies](https://quantumblockchaintechnologies.co.uk/) share price (AIM: QBT) came into the investors' focus last month as the company announced great results due to its AI and mining operations.

Stocks of this blockchain investment company jumped over 20% after the group revealed it filed a patent application for a pioneering new Bitcoin mining algorithm that runs on a quantum computation model and is qubit-based.

The company said it plans to conduct further aggressive R&D and investment tactics within the blockchain sector, including crypto mining and other apps.

The Quantum Blockchain Technologies' share price will very likely depend on the professional recently appointed by the company to lead an AI research group and find the optimal way of mining Bitcoin.

Usually, investors are eager to give money when they believe their profit will come faster. With quantum computers, some exact calculations are conducted much more quickly than home computers would do them. Nowadays, there are concerns that quantum computers could be grinding crypto mining operations needed to create new blocks. That would mean that these computers would be privileged before other miners and therefore present a threat to proof-of-work blockchain consensus by disturbing the decentralization and security of those blockchains.

However, this also means that the whole process would come to a new level, with the mining process becoming increasingly automated. In the end, this would present more significant profits for the stockholders. Along with the application-specific integrated circuit (ASIC) miner, this technology will most likely increase the hashing speed compared to other ASIC announced by competitors.

## Quantum Hopes for More Speed Increase

Quantum Blockchain Technologies' share price could keep its bullish trend for a while. The company has confirmed plans to create new partnerships with other start-ups within the blockchain and cryptocurrency space.

QBT CEO Francesco Gardin confirmed impressive progress in all R&D areas and added the expectation is "higher performance than originally estimated".

Gardin said results will be verified before any "cooling techniques", which could allow for further increases in speed, are implemented.
Still, as we already mentioned, some analysts advocate theories about quantum computers posing a serious challenge to the [Bitcoin](/coins/btc) blockchain security.

According to the last reports, approximately 25% of the active Bitcoins are exposed to a possible quantum attack, meaning they are usually stored in an exposed wallet. And even though transferring tokens to a new p2pkh address would temporarily help, one may still be affected if all the people who hold vulnerable coins do the same. 

That would bring us to a situation where, in the case of a major hack such as Mt. Gox, the price of Bitcoin (and therefore of Quantum Blockchain Technologies share price) would plunge together with the investors' confidence.

Quantum computers could act in the way they destroy the Bitcoin transaction process because of their speed. However, there is a cure for that as well. A new type of cryptography dubbed 'post-quantum cryptography' is expected to be intrinsically immune to quantum attacks. However, these types of algorithms are still in diapers and are still being studied.

At the time of writing, the price of Quantum Blockchain Technologies shares stood at 2.84 GBX, down by 1.90%.



quantum blockchain technologies share price 

Quantum Blockchain Technologies Share Price Analysis

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

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

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

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

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

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

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

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

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

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

## Analysts’ Views of BTC Price

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

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

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

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

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

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

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

## Stable Coin Regulation 

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

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

## Cryptocurrency ETFs 

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

## Biden's Executive Order  

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

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

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

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

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

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

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

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


BTC Price: Bitcoin Update

## Are we on the brink of another crypto market crash?

Anyone following Bitcoin clearly remembers the 2017 craze when the strongest cryptocurrency reached a record of almost $20,000.

Sure, it was a fruitful year for most ICOs and wannabe entrepreneurs who wanted to get rich in no time. However, as it usually happens, the ICO bubble had to pop. At the beginning of 2018, the crypto market crash became inevitable.

In 2019, the CEO of Facebook, Mark Zuckerberg, announced that the biggest social network would enter the crypto space with its own project called Libra. Even though the idea sounded lucrative, many big names started backing out as the US Congress expressed concerns about the lack of regulation within the sector. The price of [Bitcoin](/coins/btc) then went down by more than 30%, below $10,000, followed by other cryptocurrencies. Analysts called it "a period of indecision," and investors hoped that Facebook's entry would bring greater legitimacy to the cryptospace. Even though Facebook changed its name to [Meta](https://about.facebook.com/) at the beginning of 2022, it doesn’t seem the social network affected crypto prices during the period to come.

## Fear of a Crypto Market Crash

Price changes usually depend on other circumstances such as recession, inflation, the geopolitical situation, pandemics, US regulatory actions, and so on. In 2020, Bitcoin jumped to a new record, following the government's stimulus packages to boost countries' economies during the COVID-19 pandemic.

Despite Bitcoin being on its way to becoming a hedge against inflation, it still isn't seen as a safe haven such as real estate or gold. That is why we are witnessing the price of Bitcoin moving along with the US dollar and the overall stock market.
We have often witnessed a situation when new short-term investors start to panic and decide to sell their holdings and, therefore, contribute to the drop in Bitcoin’s value. On the other hand, a crypto market crash can happen when so-called "whales" are involved. Holders with a significant amount of Bitcoin can temporarily affect Bitcoin's price if they make large buyings or sales.

## Crypto Market Crash Inevitable?

2022 started badly for Bitcoin and other cryptos even though the number one cryptocurrency was still 500% up since the end of 2019, primarily thanks to the US Government's COVID-19 stimulus.

The total market cap plunged by more than $300 million since the beginning of the year. This was chiefly due to record inflation and the Russia-Ukraine conflict, leading many investors to worry that a crypto market crash may be inevitable.
At the time of writing, Bitcoin stood at around $46,115 and headed towards a traditionally bullish April. The data shows that during the last six years, April was an extremely good month for crypto, as some speculate it's a psychological paradox connected to the spring optimism.

However, a seasonally bullish April could turn positive for Bitcoin even in the long term, together with stock markets.
The first all-spring month means most of the winter debts have been paid off, and buyers are in the mood to buy on a decline.

Still, there is a reason why a crypto market crash could soon be happening. US investors started to pull out of crypto, liquidating over $101 million worth of Bitcoin and approximately $151 million from Ethereum.
 
 



Crypto Market Crash: Bull April Suggests No Fear

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

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

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

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

## BTC to GBP: Calculate the Value Daily

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

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

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

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

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

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

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

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

1 BTC = 1.00196019 GBP

## Conclusion

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



BTC to GBP: 1 Bitcoin to British Pound Sterling

So, what if there's a [crypto crash](https://www.investopedia.com/crypto-crash-what-investors-need-to-know-5272147) today? What would you do?

The crypto market is crashing again, and it seems to be here to stay this time. If you're one of those to have lost money in the crypto crash, don't worry! You're not alone.

Here, we will discuss some tips for staying afloat during a crypto market crash.

## Surviving the Painful Market

A down market is always a painful experience for any business. It's not a matter of if it happens; it's only a question of when. 

The sooner you adapt to the current market conditions, the faster you will be able to ride out the inevitable correction.

In the meantime, it's important to take a few steps to ensure that you can continue to operate profitably during times of stress. Here are ways to prepare for a crypto crash.

1.	Don't panic - remember that the market always goes up and down, and this is just a temporary dip.
2.	Do your research before buying any new coins - make sure you understand what you're investing in and why.
3.	Sell off any coins you don't need right now - you may not want to sell at a loss, but it's better to take a small hit now than to lose everything later.
4.	Keep your coins in a safe place - preferably in a wallet that you control, rather than an exchange.
5.	Don't invest more money than you can afford to lose - remember, this is still a high-risk investment.
6.	Try to stay calm and remember that crypto markets are notoriously volatile. Prices could rebound at any moment, so it's important not to panic and sell all of your assets at a loss.
7.	Keep an eye on the news - often, crypto crashes are caused by negative news stories or government regulations. If you can stay updated on the latest crypto news, you'll be better positioned to weather the storm.
8.	Diversify your portfolio - if all of your eggs are in one basket, you're bound to lose money when the market crashes. By diversifying your portfolio across different assets, you can minimise your losses and come out ahead in the long run.
9.	Stay positive - it's important to remember that this is just a temporary setback and that the market will eventually recover. By staying positive and keeping your head up, you'll be better positioned to weather the storm and come out ahead.

## Conclusion

In conclusion, It’s a good idea to diversify your portfolio. But as a crypto investor, you need to diversify more than just your portfolio. Diversification is a big word for something as basic as deciding which cryptocurrencies to invest in.

Don't invest in a specific market, which means avoiding falling in love with anyone's coin. That's why it's so important to diversify your holdings.
 
More [Business news](/news/category/crypto-business-news).
 



Crypto Crash Today? Ways to Ride it Out

Smart contracts are a fascinating aspect of blockchain technology. They are self-executing contracts that use code to enforce the terms of an agreement automatically.

This makes them incredibly useful for various applications, and they are starting to gain traction in several industries.

This blog post will explore what smart contracts are and how they work in the blockchain!

## Defining Smart Contracts

A blockchain is a decentralised, spread database used to store data across a peer-to-peer network. The data is stored in blocks, and each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.

[Bitcoin](/coins/btc), the first and most well-known blockchain application, uses blockchain technology to create a global payment system that is secure and transparent.

They are perhaps most easily explained as self-executing contracts written in code and stored on the blockchain. A smart contract contains all of the terms and conditions of an agreement, and once the conditions of the contract are met, the contract automatically executes the agreed-upon actions.

Smart contracts are used for many purposes, including financial transactions, voting, and asset management. Being on the blockchain means they are secure and transparent. Smart contracts could revolutionise the way we interact with each other and do business.

## How Do Smart Contracts Work in the Blockchain Ecosystem?

A blockchain is a decentralised, distributed ledger that records transactions in a public or private network. Smart contracts are digital agreements stored on the blockchain and are automatically. Being stored on the blockchain makes smart contracts tamper-proof and transparent.

The contract terms are written in code, and the contract is executed automatically when the conditions of the contract are met.

Smart contracts can also be used to create tokenized assets, such as loyalty points or digital certificates. Smart contracts are often used in conjunction with blockchain-based applications, such as [Decentralised Autonomous Organisations (DAOs)](https://www.investopedia.com/tech/what-dao/).

DAOs are organisations that are run by code, and they use smart contracts to automate decision-making and governance. By using smart contracts, DAOs can operate without a central authority or control.

## Use Cases for Smart Contracts

The defining feature of a smart contract, a computer protocol that enables blockchain-based transactions, is that it can automatically execute the terms of an agreement between two or more parties.

This makes them well-suited for use cases where there is a need for trustless, tamper-proof transactions, such as exchanging money, property, or other assets.

In addition, smart contracts can be used to create decentralized applications (dApps). dApps are programs that run on a blockchain and are not controlled by any single entity. They are often open-source and allow anyone to participate in their development and use.

There are numerous use cases for smart contracts and dApps, ranging from financial services to supply chain management. As the technology evolves, even more innovative use cases will likely emerge.

## The Future of Smart Contracts

Elimination of paper documents and the automation of repetitive tasks means that smart contracts can help to streamline operations and reduce costs.
At the same time, blockchain technology can provide a level of security and transparency that is not possible with traditional contracts.

As a result, smart contracts are likely to play a major role in the future of business. While there are challenges to overcome, such as scalability and regulatory compliance, it is clear that they could shift the way we do business for the better.


Smart Contracts and the Financial Market Revolution

Can an Elon Musk tweet really impact the value of cryptocurrency? Short answer, yes.

In financial markets, valuations are usually primarily driven by fundamentals such as company-specific DCF, FCF, and multiples analyses. That said, in the short term, markets are often irrational, deviating from fundamentals, and can stay that way for longer than investors can remain solvent, yet they always correct themselves. In contrast, what moves prices in the crypto market? Is it the greater fool's theory or the information content effect of news?

It is a decentralised industry fuelled by a desire to remove the middleman. To democratise payments and credit while removing the ability of one party to influence the market. However, it seems like sway is still driving valuations.

It is well documented that social media and celebrity endorsements have been potent tools to move crypto prices. Of these, there is one with a particularly strong grip over the market, Elon Musk.

## The Elon Effect

To put Elon’s influence on the crypto market into perspective, when he expressed his interest in Dogecoin in February last year, he single-handedly pushed up market prices by approximately 50%. Subsequently, when he announced [Tesla](https://www.tesla.com/) would start accepting Dogecoin for a limited category of merch, the currency further appreciated by an estimated 43%.

If this wasn't enough proof, the entrepreneur has also profited from his tweets and crypto trading. He mocked [Bitcoin](/coins/btc) for years, comparing it to fiat currencies. Yet, last year Tesla announced a $1.5 billion investment into the currency, which sent its valuation soaring by 20%. Tesla later announced it would accept BTC payments, sold off part of its Bitcoin holdings, and then canceled accepting BTC payments, which depressed the price by an approximate 12% on the day.

## Is it Market Manipulation?

Under UK regulations, market manipulation is illegal and can be approached by civil and criminal regimes. Both routes would refer to statements and actions attempting to manipulate market sentiment and, thus, influence prices. Some experts in securities law argue that Elon's disruptive behavior towards crypto exchanges could be perceived as market manipulation. Many others are not convinced. Regardless, he has been warned off tweeting on subjects that could sway markets and was fined $20 million by the SEC. Yet, it doesn't seem like his influence has faded one bit in the eyes of investors.

## Implications for the Entire Crypto Market

Individuals like Elon Musk having so much influence in the crypto community has been a concern for the SEC and regulators in the US for years. However, it was when traditional investors started losing their savings over these indicators that introducing more stringent regulations became a hot topic. Hester M. Peirce, a pro-crypto commissioner with the SEC, has proposed an alternative solution – providing more clarity governing the crypto market to avoid losing talent and innovators to countries with laxer policies over crypto.

As regulators try to introduce further protections for crypto holders, it will be interesting to observe what other factors prove to drive valuations in the market.


An Elon Musk Tweet Can Move Markets

If you want to buy and sell non-fungible tokens (cryptographic tokens representing something distinctive), have you looked at the [Crypto.com](https://crypto.com/) NFT marketplace? Given the popularity of the search term 'crypto com NFT', it seems many have.

In contrast to bitcoin and other cryptocurrencies, it does not represent an interchangeable commodity. Therefore, unlike money, you cannot part with an NFT and replace it with something of equal value later. The main use of NFTs is within the digital art world.

While digital art can be copied by duplicating the file, NFTs put an end to that by encrypting the digital source of artwork with blockchain, preserving its origin. Consequently, the person in ownership of an artwork's NFT holds the 'original' piece and affords a value to the art beyond what you might expect from a computer file.

NFTs are sold to other collectors for as much as they are prepared to pay. The boom in popularity of NFTs over the past year has seen many marketplaces spring up that offer NFT trading services. The Crypto.com NFT Marketplace is one.

The marketplace contains several NFTs to buy, ranging from art and gaming to sports and music. Each NFT is either listed at a fixed price or through a traditional auction, offering flexibility for buyers and sellers. Due to a large amount of art NFTs on the marketplace, Crypto.com allows users to filter through by blockchain, price, listing date, likes, and views.

NFTs can be purchased on the marketplace using a credit or debit card, unlike other NFT marketplaces that require crypto to facilitate payments. The platform will now offer Ethereum-based NFTs, further expanding the potential universe of assets.

Crypto.com does not charge any fees to the buyer when an NFT purchase is made. In contrast, other NFT marketplaces charge a commission when making a purchase. Furthermore, the Crypto.com DeFi wallet also supports NFTs, and allows users to purchase NFTs using FIAT currency. Selling NFTs on Crypto.com costs a fee of 1.99% per NFT, and applies to the initial sale of the NFT to incentivize more creators to join their platform. 

This fee structure works well for those regularly buying and selling NFTs. In the long term, it could save them significant amounts.

Since the Crypto.com NFT Marketplace launched in September 2021, they have onboarded over 10,000 creators and built a 46K-strong following on their Twitter page and a growing Discord community.

More [NFT news](/news/category/nft-news).
 
 



Crypto.com NFT Marketplace in Focus

Are you looking for the Solana price? The UK market views can be informative.

The term 'solana price uk' is a hot phrase on Google, and here's why.

The [Solana](https://solana.com/) price (UK and elsewhere) has performed exceptionally well since its inception in 2019. However, that doesn't imply you should get in and invest right away.

Instead, think about the potential rewards as well as the risks before investing any money.

## A Little Knowledge on Solana

Solana was created in 2019 to address the shortcomings of traditional blockchains such as [Ethereum](/coins/eth). This means providing network users with a blockchain ledger that is faster, cheaper, and more scalable.

For example, even though Ethereum is the world's second-largest cryptocurrency and the de-facto smart contract system of choice, it can only handle 15 transactions per second. This is just too inefficient to be used as a worldwide blockchain network. On the other hand, Solana is said to be capable of processing over 65,000 transactions per second.

Another reason for Solana's popularity is that the blockchain network can process transactions in as little as 2-3 seconds, compared to the 13-15 seconds for Ethereum. Furthermore, although Ethereum transactions are notorious for having high costs when the network is busy, Solana transactions are lower cost.

Based on these performance-driven measures, many market observers predict that Solana will one day overtake Ethereum in terms of market valuation and global acceptance. Solana, like Ethereum, has its own native cryptocurrency token, SOL, which trades on exchanges.

### So why is 'solana price uk' such a popular search term?

Interest in Solana grows, despite its volatility. However, many crypto traders are sceptical about Solana's winning streak and are hesitant to buy it. Below are some of Solana's advantages and disadvantages to help investors decide whether Solana is a suitable investment for 2022 or not.

## Disadvantages 

1.	Unstable network: The investor community in Solana is still in its infancy. Investors may be hesitant to choose SOL over Ethereum because it is less well known. When the Solana Foundation confirmed its network was experiencing instability, the crypto's reputation took a knock. Because crypto investors value trust, this flaw sets SOL apart from its competitors.

2.	Inflation: Cryptocurrencies rose in popularity in 2020 for various reasons, one of which was to use them as a hedge against inflation. Most cryptocurrencies have a fixed limit on the number of coins that will ever exist. However, Solana does not have a consistent supply of currency. The designers started boosting the annual supply of SOL tokens by 8%, which means that the inflation rate will reduce by 15% until it reaches 1.5 percent, which will stop decreasing.

3.	Solana isn't decentralized enough: While some crypto enthusiasts claim there aren't many drawbacks to investing in SOL, this cryptocurrency element is widely regarded as its most significant drawback. The ETH network currently has approximately 200,000 validators, while the Solana network has only 1,000 validators. The more validators there are, the more secure the network becomes.

## Advantages

1.	Solana has the third-largest features market: Solana has the third-largest open interest in futures contracts, the most crucial measure in derivatives contracts. Regardless of its current trading capacity, the aggregate derives the total number of contacts stored on its network by market players. Open futures interest has maintained its previous levels despite a steep drop in price in early November.

2.	NFTs and Smart Contract: Over the last year, the NFT industry has exploded. Non-fungible tokens became a high-growth industry prospect, with massive sales sponsored by renowned digital artists. Solana went into the market to share the NFT alternative, taking advantage of the growing sector.

3.	There's a solid institutional attraction for Solana's ecosystem: The market capitalization of Solana is more than quadruple that of Avalanche and Terra. The last year has shown strong signs of SOL's rising investor community, and with increased investor adoption comes increased institutional adoption.

SOL's suitability for your investment is determined by your risk tolerance, asset diversification, and the amount of money you wish to invest. It's crucial to conduct research before investing in highly volatile assets like cryptocurrencies to see if they're a good fit for your portfolio.


Solana Price: UK Market View on SOL

It is time to ask ourselves 'are crypto bubbles bursting?'.

The rise of [Bitcoin](/coins/btc) (BTC -0.62%), [Ethereum](/coins/eth) (ETH -1.23%),[ Dogecoin](/coins/doge) (DOGE 4.64%), and some other digital currencies has prepared the way for once-in-a-lifetime profits. For example, when Bitcoin topped $64,800 a token in mid-April, a $155 investment at $1 would have been worth nearly $1 million.

However, cryptocurrency has plummeted in value during the last two weeks. Some could call this a natural retracement following a monster run upward. Still, I'd like to refer to it as a popping bubble.

While many people feel that digital currencies are the best thing since the invention of chocolate, I believe the crypto market is collapsing for several reasons.

## Some Governments Aren't Okay with Cryptocurrency

The crypto bubble is bursting because some countries are concerned about cryptocurrencies undermining their central bank-backed currencies. For example, China sent the cryptocurrency market into a tailspin last week when it announced that its banks and online payment channels would no longer be able to provide any cryptocurrency-related services.

However, it's worth noting that a significant amount of Bitcoin mining occurs in China. In this regard, China is far from alone. For example, Turkey recently passed legislation prohibiting the use of cryptocurrency for payment. Meanwhile, digital currencies are illegal in Bolivia, Ecuador, Nigeria, and Algeria. As a result of this trend, the global use case for cryptocurrency is becoming increasingly unlikely.

## Centralisation is Still an Issue

One of the goals of cryptocurrencies is decentralisation. This was done to ensure that a network is not controlled by a single person or a small group. However, according to BitInfoCharts.com, ownership of Bitcoin and Dogecoin is relatively consolidated. For example, only 2,155 addresses control roughly 42% of all Bitcoin, and only 99 addresses control 66.6% of Dogecoin. As a result, people may recognize that these financial experiments aren't as decentralized as they should be.

## The Real-World Utility is Minimal

A severe drawback of digital currency is that it is practically useless outside of a cryptocurrency exchange. Even though many well-known corporations or organisations have accepted Bitcoin or Dogecoin, the total number of businesses accepting either is still insignificant.

## There is No Entry Barrier

My main issue with cryptocurrency, aside from its lack of utility, is that there is no entry barrier. Anyone with a computer or an innate desire to code can create a blockchain and, possibly, a tethered token. [CoinMarketCap](https://coinmarketcap.com/) claims to have a database of around 10,000 different cryptocurrencies. While many aren't actively traded, the number of potential competitors to Bitcoin, Dogecoin, and Ethereum is staggering, with many more on the way. In short, the crypto sector is constantly being diluted by an infinite number of competitors.

## There is No Identifiable Real-World Correlation

Another concern with crypto is that there are no obvious real-world correlations. For example, we know that gold and the US dollar have an inverse relationship. Gold is more likely to rise when the value of the dollar falls. This is a long-term relationship that has formed.

Bitcoin, Ethereum, and Dogecoin do not have these correlations. Crypto enthusiasts want to emphasize how crypto is a hedge against inflation. Still, they forget that the value of Bitcoin has fluctuated depending on how quickly or slowly the money supply expanded. Because cryptocurrency has no physical connections, it is fueled by emotion and technical analysis.

## Over Leveraging Can Be Haunting the Crypto Market

Customers at some of the most well-known cryptocurrency exchanges will be able to multiply their account equity by 50 to 125 times. While this level of leverage is common in forex, where currencies move in fractions of a cent, it is absurd for cryptocurrency, which can swing 3% in seconds. According to data from Bybt.com via Bloomberg, approximately 887,000 accounts representing $9.4 billion in total crypto assets were liquidated on May 19 due to leverage-based margin calls. It doesn't take much for the crypto market to go south rapidly because of this tremendous leverage.

## Investors Always Overhype New Tech

Finally, investors usually overestimate new technology uptake. Even though many people are enthusiastic about blockchain, it has been more than a half-decade, and the euphoria has yet to translate into actual enterprise use. Every next big-thing technology, including cryptocurrency, requires time to mature.


Are Crypto Bubbles Bursting? They May Be...

A sense of optimism hung in the crypto air this morning as [Bitcoin](/coins/btc) and other major cryptocurrencies bounced strongly after a week of heavy losses.

At the time of writing, the price of Bitcoin stood at $36,460 representing an increase of 8.10% in the last 24 hours while Ethereum gained 8.23% reaching a price of $2,423. The total market cap of crypto currently stands at $1.65 trillion, an increase of 7.71%. After a week of absolute carnage, it appears that investors have indeed bought the dip demonstrating continued strength in the cryptocurrency market.

## Increasing correlation to traditional markets

Bitcoin began its bounce on Monday as US east coast traders returned to their desks after lunch. Interestingly the US equity market also saw a strong surge during the same time indicating Bitcoin’s increased correlation with traditional markets. With many eyes on today’s meeting of the Federal Reserve Open Market Committee (FOMC) which is anticipated to discuss interest rate rises and continued asset purchases, this week could be very interesting indeed.

The Relative Strength Index continues to indicate Bitcoin is heavily oversold which would suggest a turnaround is imminent as buyers seek to take advantage of the discounted prices. As we have mentioned before, historically Bitcoin often begins strong rallies after precipitous falls. Could this be the start of a rally to new all-time highs?

## Alt season on hold?

Mike McGlone, Chief Commodity Strategist at Bloomberg Intelligence however was not so optimistic for altcoins going on record to say, “Price reversion in crypto is likely to spread in 2022 after the assets were a poster child of speculative inflationary excess in 2021, but Bitcoin stands to come out ahead.”

However, as we can see above many of the major altcoins demonstrated as much resilience in Bitcoin with equally strong bounces. Solana, Polkadot, Atom, and Avalanche all posted 24-hour gains ranging between 12% and 17% respectively. The crypto market may be down, but it is certainly not out.

## ‘I'm loving it’

Finally, in a candidate for tweet of the year already the official Twitter account of McDonald’s Restaurants asked “[how are you doing people who run crypto twitter accounts?](https://twitter.com/McDonalds/status/1485726032967704582)” Demonstrating the humour and camaraderie that has come to be associated with what is known as ‘crypto Twitter’ McDonald’s are clearly getting their own back on all those crypto tweeters who see a job at McDonald’s as the last resort in a prolonged bear market. However, I and many others have a feeling that McDonald’s will soon be eating their own words, with extra fries.

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