Flare Token (1FLR) is the native cryptocurrency of [Flare Network](https://flare.network/), a robust EVM-based Layer 1 (L1) blockchain that has two protocols: Flare Time Series Oracle (FTSO) and State Connector. These protocols enable developers to create an ecosystem of powerful, decentralised interoperability applications. Read on to unearth our FLR price prediction for 2023.

![flare.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/flare_7033b6507d.png)
 
The Flare motto is "#ConnectEverything", and with an ever-increasing stance towards interoperability and composability in the crypto sphere, Flare is a blockchain of great potential. Naturally, the FLR price will be affected by all the attention the ecosystem is receiving.

## 1FLR price prediction: basics of the crypto token

According to [Coingecko data](https://www.coingecko.com/en/coins/flare-token), the FLR price is nearly $0.03634 at the time of writing. The crypto asset has a circulating, total, and maximum supply of 4B (4,000,000,000) tokens.

With a market cap of just over $2.25M, it is safe to say that Flare is currently in the nascent stage of adoption - the best is yet to come (please DYOR before investing).

The FLR price achieved an all-time high of around $0.0026 on 23 October, 2021. The most popular decentralised crypto exchanges to purchase and trade 1FLR are Quickswap and SushiSwap. With a 24-hour trading volume of just $1,091, we can assume that trading of the crypto token is not ‘hot’ at the moment.

That said, the cryptocurrency is a fascinating long-term investment option. There are factors to consider when making a 'significant' purchase decision. Here is what makes 1FLR stand out.

## What makes Flare special?

1FLR powers the [Flare ecosystem of decentralised applications](/news/article/flare-network-explained) (DApps). As mentioned before, the core protocols of the blockchain, FTSO and State Connector, play a pivotal role in enabling developers to create DApps.

FTSO is an oracle network that delivers trusty, decentralised data to DApps on Flare. State Connector allows for reliable, decentralised data procurement from external blockchain ecosystems and the internet.

By using Flare’s pricing and interoperability protocols coupled with scalable EVM-based smart contracts, developers can build with more data to serve numerous ecosystems, thereby expanding the reach and value of their products.

Developers can build their own bridges, securely relay data, utilise state from any connected blockchain ecosystem, and take advantage of decentralised price and data and scalable EVM smart contracts.

These smart contracts make use of a low-carbon consensus algorithm. Furthermore, Flare offers an enterprising grants system for promising teams.

The Flare Ecosystem Support Program gives financial and resource support to projects and entities within the blockchain ecosystem. Grants are awarded in 1FLR and Songbird (SGB) quarterly in the quest to accelerate the growth of the network.

These grants are awarded after a stringent internal application and evaluation procedure. Additionally, developers are free to attend Developer Q&A sessions every week on Wednesday at 15:00 UTC. These sessions are a must for project advice and feedback and Flare-focused engineering questions.

In our humble opinion, Flare is an ecosystem of much promise, and the 1FLR [price could skyrocket](/news/article/ethereum-pow-price-prediction) soon. Please visit the website, join the community on Telegram and Discord, and explore all socials and documents before making an investment decision.

On a final note, do study the project's Twitter. Several fascinating developments are under way and all signs point towards an investment gem.


FLR Price Prediction 2023: Is $1 Possible?

When evaluating crypto coins, you can’t compare the DASH cryptocurrency against leading digital assets like [Bitcoin](/news/article/bitcoin-forecast-2023) and [Ethereum](/news/article/ethereum-pow-price-prediction). However, it is incredible how such a technological innovation has kept a strong foundation and remarkable technical structure that keeps attracting investors to the platform.

The DASH protocol is an open-source token that forked off the Bitcoin blockchain and prided itself on offering fast and affordable transactions besides delivering diversified application details for developers. Despite the price slump recently experienced throughout the crypto sphere, Dash seems to display great future potential and could reclaim its all-time high value. 

This DASH cryptocurrency price prediction dissects the Dash network’s essential features, the important factors that could drive its upward trajectory, and what you can expect its price to be by the end of 2023 and beyond. Welcome on board.  

## What is DASH?

DASH is a cryptocurrency that can be transferred in peer-to-peer transactions to anyone, anywhere, fast, hassle-free, and affordable. The Dash blockchain operates without a central authority, and the developers’ goal was to create a proficient and hands-on solution for transferring digital cash.  

Dash (DASH) was founded as Xcoin on 18 January, 2014, by Evan Duffield and later rebranded as Darkcoin before rebranding again to DASH in 2015 to better embody it as a platform for "digital cash". [DASH originated as a fork of Litecoin](/news/article/dash-or-litecoin), a fork of the Bitcoin (BTC) protocol, and aimed to address the shortcomings of BTC’s privacy and transaction times. 

Duffield and his team designed DASH to safeguard users' anonymity using the x11 algorithm and Masternodes to accelerate transaction times. The founder stepped down in 2017 and left the protocol running to the Dash Core Group. 

DASH created a niche among the pioneer cryptocurrencies that emerged alongside Bitcoin and has continued to dominate the crypto sphere alongside the giants. The digital asset's value has risen in recent years to rank number 12 among the leading cryptocurrencies in 2018.    

## How does DASH work?

DASH cryptocurrency uses a two-tier network that enables Masternodes and crypto miners to run concurrently. The first layer is dedicated to crypto miners who compete against each other to create new blocks that secure the blockchain. The task performed by miners is crucial as it preserves the DASH blockchain’s transaction history and prevents double-spending.
   
The second layer is dedicated to and controlled by Masternodes, referring to users on the blockchain network who can stake up to 1,000 DASH tokens to take up some functions that are usually the preserve of miners. Masternodes complement the work of cryptocurrency miners by ordering and authenticating transactions. 

The DASH utility token is among the recognized payment methods for payable fees on the Dash network and for staking within the Dash Masternode system, where users help secure the system in return for passive income. A 2.5-minute block time on average by DASH is the main attraction of Dash when compared to Bitcoin, whose block time is at least 10 minutes.

Please note, though, that DASH crypto miners receive 45% of each block they mine compared to the 100% offered by the Bitcoin network.  

## Where does DASH get its value? 

DASH derives its value from the utility it offers its users. Mostly, the coin is helpful as a means of exchange, accepted by more than 150,000 merchants and outlets worldwide. Also, the crypto is active in more than 50,000 addresses, and it's estimated to process billions of transactions annually. The previous facts demonstrate its growing value and utility, giving it a competitive edge over several alternatives. 

## What makes DASH unique?

DASH enjoys an impressive adoption rate globally for a coin [ranked at No. 62](https://coinmarketcap.com/currencies/dash/) on the CoinMarketCap, with several suppliers and vendors accepting it as a form of payment. DASH is especially popular in Venezuela, boasting more than 40,000 users and counting. The company's official website provides an exhaustive list of businesses supporting cryptocurrency.  

DASH packs an array of features, some of which give it an edge over other digital assets like Bitcoin and Litecoin. The crypto coin's leading features include Masternodes, PrivateSend, X11, ChainLocks, CoinLocks, and InstantSend. Let’s have an in-depth analysis of these features individually. 

## Masternodes

Just like the Bitcoin blockchain, where [miners](/news/article/mining-farm) get rewarded for verifying transactions on the network, the Dash blockchain network runs a similar program. However, the Dash system has two divisions – miners and Masternodes. To become Masternodes, users must deposit at least 1,000 DASH tokens and perform critical functions on the network. Some of their duties include responsibility for the governance and treasury system, Private Transactions (PrivateSend), and Instant transactions (InstantSend). For their effort to improve the network's security and facilitate speedy transactions, Masternodes earn 45% of the reward received from every DASH coin mined. 

## PrivateSend

Unlike the completely public Bitcoin blockchain, where details of every blockchain transaction are accessible to anyone with an internet connection, the Dash network introduces privacy through a service called PrivateSend. Through this service, no third party can trace back the details or identity of users. 

Facilitated by Masternodes, PrivateSend ensures transaction details remain private, giving the blockchain a significant advantage over the Bitcoin network. This feature makes the DASH crypto equal and all its transactions fungible since their history is unknown and cannot be tracked.

## InstantSend

While it takes just a few seconds to complete a transaction using your Visa or MasterCard, it typically takes up to 10 minutes to confirm a Bitcoin transaction. The time drag is not just a huge difference, but also raises questions about Bitcoin's scalability and potential for mass adoption. To address this challenge, DASH offers InstantSend, a service that ensures a transaction is confirmed almost in real-time. InstantSend comes at an extra cost over the regular DASH transaction that gets cleared in about 2.5 minutes. 

## CoinJoin 

The CoinJoin feature guarantees complete privacy and security for the parties involved in a peer-to-peer crypto transaction. 

Using a trustless non-custodial style, the system mixes a sequence of transactions so that an outsider can neither trace nor interrogate the transaction history. The service is only available for users with Dash and Dash Electrum wallets. 

## X11 

This unique hashing algorithm, designed by Evan Duffield, uses a sequence of eleven unique hashes to enhance efficiency and fairness. X11 ensures users enjoy maximum security by offering them zero uncertainty about digital asset transactions.
   
## ChainLocks 

The ChainLocks feature protects the Dash network from hacker infiltration or other external vulnerability while offering a real-time solution against organized threats. This feature eliminates any possibility of 51% attacks by providing fast and effective alternative solutions. 

## DAPI 

DAPI is a feature that ensures that developers in the Dash community can interact freely and securely while exchanging app data and queries through its endpoints. 

## Dark Gravity Wave 

Dark Gravity Wave is an open-source difficulty adjustment algorithm that works with Bitcoin-based cryptocurrencies such as BDC, DASH, and Litecoin. The algorithm fine-tunes a block's difficulty levels depending on the data it finds within the block. This is a practical approach that ensures the network can issue new blocks regularly while averting time-warp exploits, especially when there are high fluctuation periods.  

## Dash price prediction in 2023 and beyond 

Despite the severe crypto winter in 2022, DASH had a relatively uneventful journey. As of writing this guide, the coin's trading volume is $111,539,994.

We will interrogate the digital asset's prospects for this DASH cryptocurrency price prediction.

The price of DASH was $73.78 and a market cap of $182,560,920 out of a total circulation of 11,120,725 coins. By using real-time market data and analyzing the coin's current developments, past price actions, and social sentiments from the DASH community, we can comfortably offer this dynamic price prediction related to the recent market activity.  

## DASH price prediction 2023

With DASH considered among progressive cryptocurrencies set to rise this year, market pundits anticipate a significant price gain, especially beginning Q3, which could push it to $103.87. As expected, the price gain will be gradual but accompanied by sporadic drops now and again. While an average $96.95 increase may appear over-ambitious, a minimum of $83.10 remains reasonable especially considering anticipated collaborations and advancements.   

## DASH price prediction 2024

If the current trend continues without serious interruptions, 2024 could bring better tidings for DASH cryptocurrency. Increasing use cases could usher in fresh initiatives and partnerships that further propel DASH toward $173.12. 

Nonetheless, such an outcome will depend on DASH's comparative strength index resulting from oversold zones or bullish bets. The lowest DASH cryptocurrency price prediction for 2024 could be $138.50, with a run-of-the-mill trading price of $152.35.

## DASH cryptocurrency price prediction 2025

Depending on how matters work out in 2024, pundits see DASH reaching $242.37 in 2025. However, a pessimistic market experience could only offer investors much-needed profits even though the coin could achieve an average trading price of $207.75 at its lowest or high of $221.60.

## DASH cryptocurrency price prediction 2026

A successful 2025 combined with anticipated increased adoption by millions of crypto enthusiasts sitting on the fence could jolt the DASH coin price in 2026 and see it remaining stable for a few more years. With DASH projected to go green by 2026, the coin could quickly achieve and surpass its all-time highs and reach $311.62 or $276.99 on the lower side and an average of $290.84.

DASH cryptocurrency price prediction in 2027 and beyond 
Much of our DASH cryptocurrency price prediction is based on calculations derived from high-level technical analysis. The most powerful shot in the arm would be a bullish market that could introduce future potential partnerships from 2027 and beyond. DASH could reach a maximum price of $380.87 in 2027 with an anticipated low of $346.24. As DASH strives towards interoperability, we expect the bullish trend to push it between $415.49 and $450.12 in 2028 and hopefully between $553.99 and $588.61 by 2030.   

## The parting shot 

Since the crypto market is still highly volatile, making a dash cryptocurrency price prediction with utmost precision remains a real challenge. While Moni Talks has taken every precaution to pinpoint the anticipated future prices, it’s essential for you, our reader, to avoid taking this DASH cryptocurrency price prediction as absolute financial advice but instead use it as a stepping stone and do your research as you make investment decisions.


green dash logo over image of crypto coins

DASH Cryptocurrency Price Prediction Long Term 

The price at the time of writing of Jade Protocol sits around $13.20, with the market cap being around $12.89m. Its 24h trading volume sits at about $300 – comparatively a lower figure showing an unpopular response to the crypto token.

## What is Jade Protocol?

[Jade Protocol](https://jadeprotocol.io/) is a cross-chain decentralized investment collective aiming to provide a new level of transparency and security in decentralized finance (DeFi). It is currently deployed on the [Binance Smart Chain](/news/article/bnb-price) (BSC) and the Avalanche C-Chain. It aims to provide a platform for users to invest in various assets and earn returns through a decentralized, trustless, and transparent system.

## Jade Protocol price prediction for 2023

According to the predictions by some crypto experts and analysts, Jade Protocol's price is expected to grow in the coming months, with the value at the end of the year almost doubling its current state. As per the claims, the minimum price of Jade Protocol is expected to be $24.875, which gives a lower barrier for interested parties.

Furthermore, if you're one for optimism, the maximum price can reach up to $36.580 – worth almost triple the current price of Jade Protocol. Finally, after considering the upper and lower bounds, we can expect the average price to be around the $29.264 mark. The signs look good with this token, but these claims must be taken with a grain of salt.

As we all know, cryptocurrencies can never be trusted to stay positive and always ride upwards in value. These tokens are highly volatile and can incur sharp drops and hikes to prices that no one can expect.

Hence, such price predictions are mere guesses, and the real price of Jade Protocol may well be much higher or much lower than the claims made. Always make sure you do your research before investing!


Jade Protocol Price and Predictions 

Bored Bunny unites a collection 4,000+ bunnies in the form of 3D-designed NFTs, all living on the Ethereum blockchain. The project's partners are David Dobrik, Umar Kamani, John Terry, and Floyd Mayweather. But what's going on with the NFT price?

## How an online influencer affected the Bored Bunny price

David Dobrik, an online influencer, joined the movement. For those unfamiliar with Dobrik, he is a YouTube vlogger with 18.3 million subscribers. Most of his material is lavishly surprising his friends, family, and occasionally fans with costly presents and experiences.

Dobrik received the Best Collaboration [Streamys Award](https://streamys.org/nominees-winners/10th-annual-nominees/) in 2020 and was nominated for Favorite [Social Media Star](https://wegotthiscovered.com/tv/here-are-the-slime-eligible-2022-nickelodeon-kids-choice-award-nominees/) in this year's Kids' Choice Awards.

Joining the Bored Bunny Community means becoming part of a family of investors and NFT enthusiasts that believe in the future of cryptocurrency and [blockchain](https://coinrivet.com/dictionary/blockchain/) technology. The aim is to create the most influential community and project centred on NFTs.

## Bored Bunny price on release

When the Bored Bunny NFT price became known to the public, it was 0.4 ETH. The NFTs can no longer be minted. However, they may still be purchased on secondary markets such as [Opensea](https://opensea.io/collection/bored-bunny--nft). Nobody can foresee whether or not the price of this NFT will climb.

As of 6 January, sales had increased, leading to a price rise. The fact that numerous celebrities are now a part of the community, which surely boosts its worth, may also be used to predict the price of Bored Bunny NFT.

The Bored Bunny price was roughly 5,000 mint NFTs for 0.4 ETH ($1303.60). The initiative intended to distribute items, conduct events, create a private metaverse, and so on, guaranteeing consumers that their tokens will be worth 5-10x more. According to Twitter user @zachxbt, Bored Bunny sold $7.5 million in NFTs less than an hour after the sale began.

[Zachxbt](https://twitter.com/zachxbt/status/1509565668852703237?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509565668852703237%7Ctwgr%5E72bc25c772ba733df7ef4c02831ab8263fa12578%7Ctwcon%5Es1_&ref_url=https://wegotthiscovered.com/news/influencer-david-dobriks-bored-bunny-nft-scam-explained/) has also raised the red flags that the pricing was too expensive and that it was marketed by influencers and celebrities unfamiliar with NFTs.

Following that initial sale, the value of the Bored Bunny collection fell from 0.4 to 0.059 ($192.28) ETH, and the team made $6 million. Dobrik has been called out since then, most notably by internet personality Faze Banks, who was promised $500-$700K to promote the NFT project but rejected it. 

Customers are urged to do their research and warned that if celebs promote NFTs, there is a chance customers' tokens will drastically lose value.


Bored Bunny NFT Price: What's Happening?

In Ripple XRP news, investors are speculating about the price prediction for the token in 2023.

XRP, often referred to as Ripple, is a cryptocurrency launched in 2012. Ripple was designed to move transactions from central databases, controlled by financial institutions, to a more independent infrastructure while cutting costs.

## Ripple XRP news: Token never hit £4 in 2022

[Predictions show that the XRP token is capable of reaching the £4 mark](/news/article/ripple-price-prediction), but progress will be slow. Ripple, which was set to skyrocket last year, faces many roadblocks ahead. It took a hit in 2020 with a lawsuit filed by the Security and Exchange Commission, which is still not settled. Since legal proceedings take time, the token has seen a stagnation in price until recently.

It will take time for Ripple to come out of the aftereffects of the lawsuit. The token saw a downward trend all year in 2022 due to the uncertainty with the SEC lawsuit, among other macroeconomic concerns. The token price saw a downward trend last year, with a price cut of 56%.

## Ripple XRP news: When will the lawsuit be settled?

People interested in investing in the token only have one question on their minds, '[When will the lawsuit be over](/news/article/sec-vs-ripple-news)?'.

At the time of writing this, both parties involved in the lawsuit have provided all the necessary documentation required for the legal proceedings to begin. However, the final judgement is probably months away due to the Daubert Motions waiting for the final papers. Once they are provided, the judge usually takes three months to sign them. However, this gap may vary because cases involving securities and commodities are among the slowest ones.

In any case, eager potential and current investors may not have long to wait for the verdict since it is predicted that the judge will make a final ruling in the first half of 2023.

This means that if the ruling is in favour of Ripple, the [price will skyrocket](https://insidebitcoins.com/news/xrp-price-explodes-20-to-0-41-as-trading-volume-hits-1-2-billion-how-high-can-xrp-go) since thousands of new investors will start to pour in. On the other hand, Ripple's price is expected to go down even further if the judge rules against the token and its workings.

But that's not all. The verdict in this case is important even if you are not an XRP investor, but are a part of the crypto space. The outcome, whatever it may be, will have a [huge impact on the crypto market](/news/article/market-ripple).

## Ripple CEO says he is hopeful of a resolution

In recent Ripple XRP news, CEO Brad Garlinghouse said [he is optimistic about a resolution](https://www.cnbc.com/2023/01/18/ripple-ceo-optimistic-crypto-firm-will-get-sec-xrp-lawsuit-ruling-soon.html) in the first half of 2023. At the Davos World Economic Forum meeting, he stated that he feels good about Ripple's position so far in the lawsuit relative to the law and facts.

The SEC launched a lawsuit against the company alleging that the executives in the company sold the XRP coin, launched in 2012, without first registering the company as a security.

Ripple is fighting the claim stating that XRP should not be considered as an investment contract and that the token is used in Ripple's business for international transactions between banks and other financial institutions.

In December, the SEC and Ripple provided the final rounds of briefs to the court in hopes of a summary judgement. Both parties accuse each other of stretching the law. As of this moment, the judge can choose to pass a ruling, not take the case to trial, or even present it in front of a jury. Whatever happens, the masses will have to wait and see what the final verdict will be.

## XRP price
 
XRP token saw a whopping 20% price increase in late January after a tumultuous 2022. The token is now valued at £0.3324 with a market cap of £16,684,137,602.84. The circulating supply stands at 50,796,877,639 XRP and the max supply is 100,000,000,000 XRP coins.


Ripple XRP News for 2023 

You need to understand some basics before we can dive into the ATOM price prediction for 2023.

Cosmos is an ecosystem of independent parallel blockchains, each powered by classical Byzantine Fault Tolerance (BZT) consensus algorithms, such as Tendermint. Not to be confused with [the Cosmos ecosystem](/news/article/cosmos-crypto-explained), Cosmos Hub (ATOM) is one of the many blockchains on this network.

Cosmos Hub connects to several other blockchains (aka zones) via the Inter-Blockchain Communication Protocol (IBC) – a state-of-the-art interoperability protocol. At the time of writing, the primary role of ATOM is to secure Cosmos Hub through a staking mechanism. 

https://cryptocurrencynews.com 

![Screenshot 2023-02-20 at 15.03.56.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_02_20_at_15_03_56_e08ea90cf8.png)

Source: [Cosmos ecosystem](https://cosmos.network/)

## Cosmos Hub and ATOM

Cosmos Hub serves as the economic centre of the Cosmos ecosystem, providing crucial services to the ‘Interchain’ – a new internet consisting of an extensive network of interconnected blockchains. These services include the following:

•	The blockchain operates a next-gen DEX, Gravity DEX, allowing for quick and cheap cryptocurrency swapping across the Interchain.

•	The Interchain Security feature positions ATOM at the centre of security for multiple chains in return for additional staking rewards.

•	As an ecosystem router, the blockchain establishes IBC connections with compatible chains and operates decentralised bridges with ecosystems such as Bitcoin (BTC) and Ethereum (ETH).

•	The blockchain is at the ecosystem's crossroads and is, hence, extremely secure. This makes the blockchain ideal for serving as an asset custodian and account management hub.

We can see that ATOM plays a significant role in securing the above services. In return, staking rewards and transaction fees are distributed to ATOM stakers. The cryptocurrency serves as a voting mechanism in governance as well.

We can also see that the Interchain Security feature may play an important role in the ATOM price prediction for 2023. The Interchain Security protocol went live in January, so ATOM may pick up significant momentum in Q1 2023. Let us explore the cryptocurrency's market cap and historical data to understand better ATOM price prediction and its potential ceiling.

## ATOM market cap and historical data

The crypto asset has an infinite token supply, with a circulating supply of nearly 300M, a [market cap of](/news/article/what-is-market-cap-in-crypto) just over $3.4B, and a 24-hour trading volume of ~$200M – all at the time of writing.

If we look at historical price data over the previous month, the crypto token has experienced a significant surge in price, with a low of $8.96 on 20 December, 2022, and a high of $13.30 on 14 January, 2023. In other words, ATOM grew in price by nearly 50% in this interval! At the time of writing, the cryptocurrency is valued at $14.44.

ATOM achieved $15.57 on 6 November, 2022, and fell to $8.64 on 17 December, 2022. Truth be told, the crypto token had a volatile year, as did most in the crypto space.

If we look at statistics in 2022, ATOM reached an all-time high of $44.45 on 17 January, 2022, before plummeting to $6.32 on 17 June, 2022.

So far, we have explored the importance of Cosmos Hub and how ATOM is at the epicentre of the blockchain. We also dived into historical data and discovered that ATOM had a year of many highs and lows in 2022.

To understand how ATOM may fare in 2023 and make a price prediction, we need to understand the importance of Cosmos in the general scheme of things, ecosystem features/collaborations that may spark further interest in ATOM, and the health of the crypto sphere at large.

## ATOM price prediction: factors to consider

To make an ATOM price prediction for 2023, here are some factors to consider:

### Interchain Security rollout

A key factor to consider in Q1 2023, especially, is the importance of the Interchain Security feature rollout. Having launched in January 2023, the Interchain Security protocol may play a vital role in the further adoption of the blockchain ecosystem.

Cosmos is an ecosystem of more than 200 blockchains, the central blockchain of which is Cosmos Hub. The blockchain ecosystem previously allowed developers to build application-specific blockchains only if they could manage their validators. The problem is, developing a validator set from scratch is not a piece of cake – it is time and resource intensive.

This is where Interchain Security comes into the picture. With this feature, developers can now build new application-specific blockchains and secure them using the same security validators that run Cosmos Hub.

Furthermore, these blockchains will send fees to those security validators, further incentivising ATOM stakers – this is a crucial point to note.

Essentially, this feature enables Cosmos to emulate the [design of Polkadot (DOT)](/news/article/polkadot-price-uk). On Polkadot, each application-specific blockchain, by default, shares its validator security with the central relay chain.
Initially, this feature was set to be rolled out in August/September 2022, but was delayed. At the time, Cosmos contributors stated:

“Interchain Security will emerge as the premier method for projects to get the highest level of security in Cosmos by leveraging the entire 175+ Cosmos Hub validator set.”

Ideally, the rollout of this feature will see increased developer activity on the blockchain ecosystem and further adoption of the crypto asset, with increased staking rewards on the horizon. Overall, this feature is expected to make the blockchain ecosystem simpler to use, cheaper, and quicker.

### Cosmos as an ecosystem is a game-changer

Thanks to the IBC, Cosmos has become the Interchain. As a high-speed interoperability platform, Cosmos has gained significant traction (pretty obvious from the wild price statistics in 2022!). One of the pressing issues affecting the crypto space is a lack of composability between blockchains in different ecosystems.

The blockchain ecosystem solves this problem and serves as a viable alternative to slow, unscalable, expensive, and [environment-damaging PoW protocols](/news/article/pos-vs-pow). IBC makes it easier for the blockchain sphere to communicate seamlessly, thereby attempting to eliminate fragmentation between different blockchain ecosystems – the ultimate goal.
To put this into perspective, Cosmos allows interoperability with Bitcoin and Ethereum via bridges. A bridge to Polygon is awaited and, too, may play a major role in ATOM’s price rise.

Several popular blockchains, including Binance Chain (BNB) and Crypto.com Coin (CRO), are built using the Cosmos software development kit (SDK). We may see numerous new players building on Cosmos very soon.

### ATOM tokenomics

The rollout of the Interchain Security feature was expected to see ATOM's new tokenomics structure come into play, with a transitory phase of 36 months. The ATOM 2.0 proposal, though, was rejected by the community on 15 November, 2022.

With an infinite token supply, the cryptocurrency's tokenomics structure is based on inflationary dynamics.
To put this into perspective, there were 214M tokens in circulation in March 2019, compared to the ~300M tokens in circulation today – an increase of nearly 40%. The new tokenomics structure proposed the issuance of 10M ATOM tokens per month, with the issuance rate steadily decreasing to 300,000 tokens per month, thereby bringing down the cryptocurrency's inflation rate to 0.1%.

You must factor in the tokenomics of ATOM when making a price prediction. The supply of the cryptocurrency will keep increasing exponentially.

## ATOM price prediction: verdict

All said and done, there is no roof to the potential ATOM has. Having highlighted each of the factors that may play a role in the crypto asset’s price rise in 2023, it is fair to say that ATOM is a good long-term investment option.

Cosmos solves one of the most pressing issues affecting the crypto sphere – a lack of interoperability and composability. Cosmos and Polkadot are among the few players who have set out to solve this problem and are doing a great job as we speak. The rollout of the Interchain Security feature is a game-changer for the ecosystem, as it will bring about several changes.

The market situation has not been the greatest of late, so make sure you invest wisely. On a concluding note, keep an eye on the latest Cosmos news and DYOR at all times!


ATOM Price Prediction 2023 

Is it possible that the Shiba Inu price could reach $10 by 2024?

The [Shiba Inu](/news/article/shiba-inu-holders-value-of-bone) coin, inspired by the popular dog breed, has gained a significant following in the market. Originally conceived as a joke, the coin has evolved into something more serious over time.

Since its launch, the price of the coin has undergone significant fluctuations. Although it had limited popularity initially, the coin experienced a surge in 2021, propelling it into the spotlight. The coin intends to become the Ethereum-powered equivalent of Dogecoin's mining algorithm, which uses Srypt. At the same time, introducing Shiba Inu in the [Shibaverse](/news/article/shibaverse-coin) metaverse could potentially drive up trading prices.

## Developments in the Shiba Inu ecosystem

The Shiba Inu ecosystem comprises decentralized applications (DApps), protocols, and open-source platforms that allow for the creation of smart contracts and DApps on the Ethereum blockchain. Additionally, it includes the SHIB token, which is used for purchasing goods and services within the ecosystem.

As anticipated, [Shibarium](/news/article/shibarium-release-date-update), the Layer 2 protocol of the platform, is progressing well. This advancement will allow users to transfer assets at a reduced gas cost, facilitating the completion of minor transactions through DApps supported by Shiba Inu.

Additionally, the team has enlisted new developers to enhance the platform's user interface and experience. ShibaSwap gathered close to $1 billion in locked assets in just one day, confirming SHIB's position as more than just a meme cryptocurrency. The collaboration between Shopping.io and Shiba Inu provided a further boost, as customers could utilize SHIB as a payment option on major retailers such as Walmart, Amazon, and eBay.

## Can Shiba Inu price 2024 touch $10?

The total supply refers to the number of coins that exist, excluding any that have been burned. This can be compared to the outstanding shares in the stock market. At the time of writing, there is a circulating supply of [0.549 trillion](https://coinmarketcap.com/currencies/shiba-inu/) coins, so if we think about a $10 price of these tokens, we are talking about a market cap of $5.49 trillion, which seems to be unattainable at this point.

## A Shiba Inu price 2024 of $10 seems unlikely.

As per [AMB CRYPTO](https://ambcrypto.com/predictions/shiba-inu-price-prediction-2024), the price of Shiba Inu in January 2024 is expected to fluctuate between $0.000027 and $0.000031, with an average price of approximately $0.000029.


green image of shiba inu coin on pile of cryptocurrency coins

Could Shiba Inu Price Reach $10 by 2024? 

Polkacity is a multi-chain [Metaverse game](/news/article/farming-games-in-metaverse) that allows players to generate a passive income by simply holding NFTs. In the virtual world blockchain game, players can own virtual locations and have a steady passive income. It's native token, POLC, price could be linked to game development.

Each location within the world has actual value in the form of an NFT, which generates income in the form of a POLC token.

## How does it work?

The workings of Polkacity are quite simple. Once registered as a valid player or member of the Polkacity community, you can start buying and investing in assets.

The virtual world has a GTA-esque vibe and operates on the same principle; players can own assets in the form of taxis, gas stations, energy stations, services, and so much more.

Once players pick their preferred asset, they are provided with a contract address. From there, they have to make a deposit to the contract address shared with them. Once payment is made, players can expect to receive payments every week in their wallets.

If you invest in assets like the hotel in the game, you can make big money. Once the game is fully functional, you can expect to receive more than 13,000 POLC tokens in a week with bigger assets.

To elaborate, Polkacity is a hub for investors. The Polkacity price will only increase as the game picks up pace and functions at full capacity. The team at Polkacity uses resources available within the Metaverse, such as DeFi and NFTs, to make it easier for private investors to get the assets they want. In other words, every community member can make a passive income by investing in assets that work best for them.

## How to play Polkacity

Anyone interested in playing Polkacity and being a part of the growing community can access the game through a mobile application or desktop. The game is available to play on both PC and Mac.

The game remains in its beta phase, so new additions and improvements are made daily. As the team at Polkacity works hard to add better controls, new city-wide features, and improved graphics, Polkacity price is expected to go up. On the other hand, players in the Metaverse can already move freely by car, on foot, and by other modes of transportation.
 
The [Polkacity token, POLC, stands at £0.03111](https://coinmarketcap.com/currencies/polkacity/). The token at the time of writing has a circulating supply of 83,414,352 and its market cap is at £1,771,886.60.


pink image of polkacity logo on image of pink city

Polkacity Price Could Rise as Updates Arrive 

Kiba Inu is not just a meme coin, as a first glance may lead the reader to suspect. Instead, it is a full-service blockchain project that features a decentralised exchange, a governance token (KIBA), and various other tools found within its network.

The project claims that it is committed to restoring the integrity of meme coins by building projects that add value to the ecosystem. 

This is a lofty idea, as several meme coins which spawned after the initial success of Shiba Inu were mere pump-and-dump projects that only made money for the creators and not for members of the ecosystem at large.

This project has an opportunity to benefit from some of the recent dysfunction in the crypto market created by the [collapse of centralised exchange FTX](/news/article/ftx-collapse-blockfi-suspend-withdrawals) and other lending projects that had hefty leveraged exposure to the exchange. Some have argued that the collapse of FTX has damaged confidence in centralised crypto exchanges. But this event inadvertently created a window of new opportunities for decentralised exchanges to grow their market. This is an opportunity that the Kiba Inu project can develop if it strikes the right chord with the market.

## Kiba Inu's story so far

As with several other meme coins, Kiba Inu debuted on several centralised and decentralised exchanges to much fanfare in May 2022. However, the crypto market was already in a full downtrend, and aside from the considerable surge seen on the listing day, the price of the token hit rock bottom soon after.

So hard was its fall that it met lows that took out listing lows. After hitting its lowest point in December, a month in which the token shed a further 33% of its November 2022 value, the token has benefitted from the brief resurgence seen in January 2023. The 75% gain seen so far has eclipsed the December 2022 highs, and the technical pattern on the long-term charts suggests that 2023 could be the year a gradual recovery starts.

## Where can you buy Kiba Inu tokens?

KIBA tokens are available on several centralised and decentralised exchanges. Decentralised exchanges that offer KIBA as a swap-enabled token include PancakeSwap, UniSwap, and Kiba Inu's DEX, Kiba Swap. You may also purchase the tokens using fiat currency on Flooz Trade or Fiatom. Gate.io, Hotbit, Digifinex, and Bitrue are centralised exchanges where you can purchase KIBA using Bitcoin, Ethereum, and stablecoins such as USDT or USDC. The Kiba Swap exchange is the primary decentralised exchange for obtaining the KIBA tokens.

## What activities are performed on Kiba Swap?

[Kiba Swap](https://kibainu.com/#/swap) is a decentralised exchange (DEX) that features a traditional swap exchange, a trade portal that offers traders the chance to trade with limit prices, and a cross-chain bridge that allows the transfer of tokens between different blockchain networks. Kiba Swap is a non-custodial exchange, meaning that users keep their tokens in wallets that are not warehoused on the exchange itself.

a) Swap portal
This traditional DEX allows owners of specific tokens to swap them for other tokens that share the same network. The standard base tokens on Kiba Swap are KIBA, Ethereum, USDC, USDT, DAI, WBTC, and WETH. These can be swapped with 1inch, AAVE, APE, AUDIO, AXS, BAND, CRV (Curve DAO), GALA, KNC, and other external tokens. You can also add external tokens by managing your token lists.

b) Trade portal
Kiba Swap's limit order trade portal offers crypto owners the opportunity to buy or sell their favourite cryptos at beneficial prices that are different from the market price. For instance, those selling their tokens can choose to do so at a higher price than the market price to get a better deal and potentially make more profits. Those who want to buy tokens can set lower prices for their entries to secure better pricing.

c) Crosschain bridge
What can you do with the cross-chain bridge? Various stablecoins (USDC, USDT, LUSD, DAI), FRAX, ETH, and STG can be moved from their parent networks to other networks. Featured networks include Ethereum, Arbitrum, Fantom, Avalanche, Polygon, and the Binance Chain. Kiba Swap currently does not have an active liquidity pool for crypto lending.

## Conclusion

The performance of the KIBA token in 2023 and beyond will be tied directly to the degree of success the Kiba Inu team has in onboarding new clients who will be active users of its Kiba Swap decentralised exchange.

The recent gains seen in the KIBA/USDT and other KIBA pairs are more of a market response to Bitcoin's latest move toward the $22,000 mark. If the KIBA token is to recover its 2022 listing highs, Kiba Swap needs to capture a significant chunk of the DEX market share currently controlled by Uniswap and PancakeSwap.


Kiba Inu: The Long Road to Recovery 

Before diving into the Polkadot price prediction for 2030, let's have an overview of the project.

Polkadot is a cryptocurrency that has gained significant attention in recent years due to its impressive performance in the market. Many investors are bullish on DOT and believe it has a bright future in the cryptocurrency market. 

Let's dive in and see what the project offers and what stays ahead in the market.

## Overview

Polkadot is a blockchain project founded in 2016 by [Ethereum](/news/article/ethereum-price-in-uk) co-founder Gavin Wood and developed by the Web3 Foundation's Parity Technologies. The project aims to incentivize a global network of computers to operate a blockchain, on top of which users can launch and operate their blockchains.

The network has several key elements that work together to allow for interoperability between blockchains and data sources. The main blockchain is called the relay chain, and there are also multiple user-created parallel chains called parachains. The network also has a connecting layer, the bridge, which enables the transfer of value and data between blockchains, including non-blockchain databases.

Unlike other similar projects, such as Ethereum, Cosmos, and EOSIO, Polkadot utilizes a unique protocol that connects a network of purpose-built blockchains through what it calls 'parachains'. This allows a high number of transactions to be conducted simultaneously and creates an open environment for innovation and collaboration through partnerships with other blockchain protocols.

Additionally, Polkadot's protocol allows blockchains to upgrade seamlessly without the need for forking, which can be time-consuming and divisive. This feature reduces the possibility of community splitting, token volatility, and administrative cleanup. Furthermore, it enables the development of parachains, allowing faster transactions and a more efficient and streamlined upgrading process.

## DOT - The native token

DOT is [Polkadot](/news/article/polkadot-price-uk) network's native token, serving three primary purposes:

1.	Governance: DOT holders can control the Polkadot protocol by voting on upgrades, transaction fees, and overall governance. Each vote's weight is determined by the number of tokens held and the time they have been locked in for voting.

2.	Staking: DOT holders can participate in securing the network by becoming validators or nominators. By doing so, validators mint new blocks, and nominators support validators; in return, they receive rewards in the form of DOT tokens.

3.	Parachain slot acquisition: The Polkadot network allows users to gain access to operate a blockchain on the network by leasing a parachain slot through an auction process. To lease a slot, a user must lock a specific amount of DOT tokens for a certain duration. During this period, the locked tokens will not be accessible and released once the lease has expired and the parachain is removed.

DOT is not an ERC-20 token and is not built on the Ethereum blockchain. The coin's total supply is not capped, like Ethereum, making it an inflationary cryptocurrency without a scarcity aspect. The smallest denomination of the coin is called a Planck, which is equal to 1,000,000,000,000 DOT.

## DOT - Current price analysis

The current value of Polkadot (DOT) is $6.31 and holds the #12 spot among all other cryptocurrencies. There is a total supply of 1,159,186,749 DOT in circulation, with a market capitalization of $7,291,883,031.

Over the past 24 hours, the coin's price has grown by 0.66%. Additionally, it has steadily increased over the past seven days, showing a growth of 7.87%. This has led to excitement among Polkadot investors regarding the potential investment returns.

In the last 30 days, the coin has experienced a 39.43% increase, rising from $4.52 to its current value and pushing its market capitalization to $7,291,883,031. It is recommended to wait for a bear market before investing in DOT. The price of DOT has increased by 7.72% in the past 90 days, adding $0.451941 to its previous value of $5.85.

## Polkadot price prediction 2030

This year, there are positive predictions in the market after the harsh crypto winter of 2022. DOT is a highly popular cryptocurrency with significant growth in recent years. It is expected to offer a high return on investment to its investors. Many investors are bullish on the coin and believe it has a bright future. 

Let's walk through the [Polkadot](/news/article/polkadot-ath-reached) price prediction for 2023-2030 and unveil the potential future value of the coin.

[Bitnation](https://bitnation.co/forecast/polkadot-new-price-prediction/) Polkadot price prediction 2023-2030 suggests that the maximum price for Polkadot could reach $11.35 as the market starts to recover. The minimum expected is $7.57, with an average of $9.46.

As the coin is expected to reach new highs in 2024, the maximum price could be $17.66, with an average price of $15.77. In the event of a bear market, the minimum price could drop to $13.87.

2025 is expected to boost crypto recognition all over the business sectors. With this impressive growth, the coin could reach as high as $23.96, averaging around $22.07. In a sell-off, the minimum price could be expected to fall to $20.18.

In 2026, with the continued growth of capital in the crypto market, the coin could reach a maximum of $30.27, averaging around $28.38. If a sell-off occurs, the minimum price will fall to $26.49.

Considering the adoption of the coin by countries worldwide in 2027, it is anticipated to reach a maximum price of $36.58, with an average price of $34.68 expected. In the event of a bearish market, the minimum could fall up to $32.79.

In 2028, investors could see DOT reaching a maximum price of $42.88, with an average of $40.99. In a bear market, the minimum price could reach $39.10.

2029 is expected to show another major bull, which means that Polkadot investors may see the coin achieve a maximum of $49.19. The average price is expected to reach $47.30. In the bearish market condition, the minimum is predicted to go to $45.40.

Based on market sentiment, the Polkadot price prediction 2030 is that the value of DOT will continue to rise with a potential maximum price of $55.49. However, if the market does not support this growth, the average could be around $53.60, with the minimum dropping to $51.71.

In contrast to Bitnation’s prediction, [Priceprediction](https://priceprediction.net/en/price-prediction/polkadot) has higher hopes from DOT. It suggests that the coin could reach a maximum of $135.67 by 2030, with an average of $118.10. In the worst case, it is expected to see a minimum of $114.12.

## Polkadot price prediction 2030 - Conclusion

Although these are just predictions made by Bitnation and Pricepredicton, based on experts and technical analysis, we can expect to see high-value ROI from DOT investments. 

Crypto is volatile, and I always suggest that you conduct a thorough market analysis before making investments.


green image of polkadot DOT token over image of crypto stock prices

Polkadot Price Prediction 2030

Ethereum PoW, or ETHW, is a hard fork of the Ethereum blockchain with "The Merge". But what is the prediction for the native token's price?

[Ethereum](/news/article/ethereum-price-in-uk) is a leading blockchain platform widely known for its native ether (ETH), the second-largest cryptocurrency in the market. It is a key player in the decentralised finance ([DeFi](/news/article/what-is-a-defi-token)) space, enabling users to create decentralised applications (DApps) with native tokens.

It was founded in 2013 by Vitalik Buterin, who pioneered smart contracts computer programs that automatically execute when certain conditions are met. These smart contracts have been beneficial for the Ethereum platform and have been adopted by many other blockchains. 

It previously operated on a Proof-of-Work (PoW) consensus mechanism, similar to [Bitcoin](/news/article/bitcoin-bull-or-bubble-debate). This relies on miners to solve complex mathematical equations to add blocks to the blockchain, earning rewards in return.

## Problems that led to the birth of Ethereum PoW(ETHW)

The PoW consensus mechanism used by [Ethereum](/news/article/why-is-ethereum-going-down) had two main drawbacks.

First, it required a vast amount of computing power, making it both costly and not very eco-friendly.

Second, the mechanism resulted in slower transaction speeds, leading to higher transaction costs, known as gas fees. Bitcoin did not face this issue as it only performs one function. With Ethereum's multiple functions, transactions on the blockchain were slower.

## The birth of Ethereum PoW (ETHW)

To address the challenges of PoW, Ethereum decided to adopt a Proof-of-Stake (PoS) consensus mechanism. Under this system, individuals are chosen to add blocks to the blockchain based on the amount of the native token they hold, in this case, Ether (ETH). This new mechanism requires less electricity, making it more environmentally friendly and appealing to investors. Additionally, it results in faster transactions and lower gas fees.

In December 2020, Ethereum announced that it would be transitioning to a PoS consensus mechanism, known as "[The Merge](/news/article/the-merge-ethereum-nft-impact)", which took place on 15 September, 2022. However, this transition harmed the blockchain's miners, as they were no longer needed and lost their supplemental income.

As a result, a group of anonymous miners established a version of Ethereum based on the original pre-Merge blockchain. This version is called Ethereum Proof-of-Work (ETH PoW). It allows people to continue earning rewards by adding blocks to the blockchain traditionally while utilising the same features as the original Ethereum. The mainnet of this Ethereum fork came online on 15 September, 2022, following The Merge.

Like any blockchain, Ethereum PoW has a native coin. ETHW is used to pay miners and can be bought, sold, or traded on cryptocurrency exchanges.

## ETHW price history

Ethereum Proof-of-Work (ETHW) was officially launched on 15 September, 2022, and reached an all-time high of $141.36 on CoinMarketCap on 8 August, 2022. The value dropped to below $100 the following day. The prices continued to decline over the next few weeks, and by the end of the month, the value of ETHW was $49.58.

As the Merge approached, the ETHW price peaked at $63.29 on 3 September, but fell to a low of $27.03 on 9 September. 

After the launch, there was some growth, and the coin reached a post-Merge high of $14.42 on 16 September. However, it faced a replay message attack which caused the price to drop to a post-Merge low of $4.22 on 19 September. The coin recovered and reached $13.78 on 24 September. It remained above $10 for the next week but fell again, reaching a low of $6.59 on 13 October before recovering to $7.66 the next day.

The collapse of the [FTX](/news/article/is-crypto-dead) exchange into bankruptcy had a negative impact on the market and ETHW, as the coin reached an all-time low of $3.13 on 22 November, with a small attempt at recovery in the following week. On 1 December, 2022, it was trading at $3.60 with a market cap of around $387.5 million, making it the 79th largest cryptocurrency.

## Ethereum PoW current price

As of the time of writing, Ethereum PoW is trading at USD 3.95 with a 24-hour trading volume of $1,83,52,256. 

Ethereum PoW is down 4.54% in the last 24 hours. It is ranked 83 on the CoinMarketCap with a market cap of $42,55,57,593, with a circulating supply of 10,78,18,999 ETHW coins.

## Ethereum PoW price prediction

Ethereum PoW price prediction by [DigitalCoinPrice](https://digitalcoinprice.com/forecast/ethereum-pow) suggests that the coin price could reach $9.05 in the current year and $10.69 the following year. The site predicts that by 2025, ETHW could be worth $14.81 before rising to $18.53 in 2027 and $22.51 in 2028. It also suggests that the coin could close the decade at $30.66, and in 2030 it predicts that it could trade at $42.71, with the potential to reach $59.23 in 2031.

[WalletInvestor's](https://walletinvestor.com/forecast/ethereumpow-prediction-data) Ethereum PoW price prediction for 2023 suggests it could face a challenging year. The site predicts that the coin's value could drop to a low of $0.277 by the start of December 2023.

It is essential to remember that the cryptocurrency markets are volatile, making it challenging to predict the price of a coin or token in a short period and even in the long term. If you are considering investing in crypto, we recommend conducting thorough research. Analyse the current market trends, news, technical and fundamental analysis, and expert opinion before making investment choices.


Ethereum PoW Price Prediction 

Atari token, or ATRI, is a decentralized cryptocurrency developed by Atari Chain, a subsidiary of Atari, the popular American game development company.

The token was designed to meet the needs of the interactive gaming industry. Its main goal is to become a universal means of payment for the video game industry, giving gaming developers and publishers more options for monetizing their products, integrating smart contracts, protecting in-game assets, and much more.

Atari token is currently being used to pay for goods and services in its ecosystem, earn rewards, and make stakes.

## Atari Chain

The company develops the tools for its ecosystem. So far, it has created several tools, including:

•	Portal: The portal allows users to interact with ATRI tokens and their ecosystem. Users can, for example, buy, exchange, withdraw, deposit, and stake their tokens from within the portal. The portal not only allows access to users' wallets, but also displays vital information like their transaction history.

•	Smart wallet: The wallet provides a place where users can securely store, manage, and exchange their crypto. It is a mobile wallet that works with a combination of off-chain and on-chain technology. The wallet also provides users with a place to store NFTs.

•	Decentralized exchange: The DEX allows users to swap between Ethereum, [Fantom](/news/article/fantom-crypto-undervalued), and ATRI tokens via the Metamask browser extension. While the selection of crypto assets is quite limited at the moment, there are plans to add additional asset support soon.

The gaming company is also in the DeFi space and Metaverse. Its official site features a DeFi interface that allows users to purchase and stake their tokens for staking rewards.

As for the Metaverse, it already has a theme park featuring a variety of its gaming experience in The Sandbox virtual world. In 2021 it also launched a casino within Decentraland, another popular virtual world.

## Atari token

It is an ERC-20 standard token based on the Ethereum network and also operates on the Fantom blockchain. It is currently worth $0.00218, according to [Coinmarketcap](https://coinmarketcap.com/currencies/atari-token/), and is the 990th largest cryptocurrency in the world with a live market cap of $4,886,062.

Like most cryptocurrencies, it has a max supply cap, which stands at 1,975,082,183 coins. There are currently 1,481,092,185 of them in public circulation.

For those interested in purchasing it, it is available on Pancakeswap, Uniswap, Hotbit, Bitbay, and its own DEX.

It is worth noting, however, that Atari token can't be bought directly with fiat currency. To purchase the coin, buyers must first buy other cryptos, like ETH or [BTC](/news/article/bitcoin-surge-hits-new-heights), from a crypto-to-fiat exchange, then move to a crypto-to-crypto exchange that lists the coins to purchase them.

## Is it a good investment?

There are a few reasons to consider Atari token as a good investment option. Firstly, it is backed by a reputable gaming company, which helps with its credibility. The coin is here to stay.

Secondly, its ecosystem keeps expanding, which can help with its price movement in the future. The more people start and continue using the coins, the higher the chances it might grow in price. The coin is already being used in the DeFi space and Metaverse.

Its parent company's numerous partnerships are another reason to have high hopes for the coin and consider it an investment option. So far, its parent company has partnered with the Litecoin Foundation, Game Taco, Rockstar Games, Enjin, Native Gaming, and Wax, to mention a few.

Several crypto prediction platforms also see ATRI as a good long-term investment option. It, therefore, might not be the best option if you are looking for quick profits.

According to Ambcrypto, ATRI might trade at an average price of $0.096 in 2023, $0.12 in 2024, $0.15 in 2025, and $0.19 in 2026. Cryptonewsz predicts the coin might hit a high of $0.0319 in 2023, close 2024 trading at $0.0342 per coin, and hit a maximum price level of $0.0446 by the end of 2025.

Most crypto prediction platforms agree that the coins might experience slight positive price movements. They also agree that it will be a long time before they start trading above $1. Some don't even see the coins trading above $1 by 2030 or 2031.

While the coins' current market price might deter some investors from investing, it does offer a good entry point into the crypto market for some beginners.

## Conclusion

ATRI stands out as a token looking to dominate the gaming industry. It might not be where it is supposed to be price-wise, but considering what its parent company is working on, based on its roadmap, the coin has the potential to become one of the most sought-after cryptocurrencies in the gaming space. There are many reasons to keep a close eye on Atari and its crypto.


green image of atari machine with Atari token logo overlayed

What is Atari Token?

Bitcoin has now completed its 11th straight day outside the "Fear" zone on the Crypto Fear and Greed Index, extending its longest stretch since late March. What is today's price?

## What is today's Bitcoin price?

Today's Bitcoin price reached $23,955, its highest level of the year. It has now dropped marginally to $23,687 as of this writing. Meanwhile, sentiment is solidly in the Greed zone, with a score of 61, its highest level since bull run peak on around 16 November, 2021, when it was about $65,000.

## Will the Bitcoin price last? 

Despite the coin's recent strong rebound, market players continue to discuss whether the current price rise is part of a [bull trap](https://seekingalpha.com/article/4573410-bitcoin-bull-trap-fully-loaded-technical-analysis) or whether there is a genuine opportunity for a [bull run.](/news/article/bitcoin-forecast-2023)

The current rise has brought many more holders back into the green. 64% of BTC investors are currently profiting, [according](https://app.intotheblock.com/coin/BTC) to statistics from the blockchain intelligence portal IntoTheBlock. According to on-chain analytics firm Glassnode, those who initially purchased BTC in 2019 are also back in profit. 

## What will be today's BTC price?

The average first-time purchase price for [BTC](/news/article/bitcoin-to-pounds) investors in 2019 was $21,800, implying that those investors are up nearly 9% at $23,687. 

Meanwhile, according to a [survey](https://twitter.com/coingecko/status/1619790705567895552) conducted on 29 January by crypto market platform CoinGecko, 57.7% of 3,725 respondents expect BTC will reach $25,000 this week, while just 21.2% believe BTC will fall below $22,000.

## Analyst views on BTC resurgence

Dr Jeff Ross, the founder and CEO of Vailshire Capital, also gave a technical analysis, predicting that a short-term spike toward $25,000 is possible. 

On 29 January, Blockware's head analyst Joe Burnett warned his 43,900 Twitter followers that BTC will not reach and surpass its all-time high of $69,000 until after the second halving event, which takes place in March 2024.

According to Lyn Alden, a macroeconomist and financial consultant, there may be significant danger ahead, with [potentially risky liquidity circumstances](https://www.coindesk.com/markets/2023/01/10/poor-bitcoin-market-liquidity-keeps-crypto-whales-at-bay/) predicted to jolt the market in the second half of 2023.


What is today's Bitcoin price?

To assess the future of cryptocurrency, we need to start by looking back.

Bitcoin and Ethereum have dropped more than 50% since their all-time highs in late 2021. While there were some modest gains in late 2022, the cryptocurrency market remains relatively stagnant. Some analysts believe cryptocurrency values might fall considerably further before seeing a lasting rebound.

According to a senior market analyst at brokerage firm [OANDA](https://www.oanda.com/group/news-analysis/meet-analysts/edward-moya/), the crypto market might yet undergo one more significant sell-off before it begins to rebound, with [Bitcoin](https://time.com/nextadvisor/investing/cryptocurrency/bitcoin-price-predictions/) plummeting close to $10,000. According to crypto specialist Wendy O, Ethereum is at risk of falling as low as $750, a 50% drop from its current price.

"We're in a full-fledged bear market, not a bear cycle," says one analyst.

"Just because we're seeing some good pricing activity doesn't mean we're out of the woods," says another. "We're now trading around $1,500 for Ethereum, and to be very positive on Ethereum, it would need to see us break over $2,248. That is a 50% price increase."

Furthermore, crypto firms have laid off employees, halted withdrawals, and attempted to offset losses, increasing concerns about the industry's viability.

Terraform Labs went bankrupt in May, but the bear market has affected numerous companies since then. [Coinbase](https://blog.coinbase.com/a-message-from-coinbase-ceo-and-cofounder-brian-armstrong-578d76eedb12), the biggest cryptocurrency exchange in the United States, stated in June that it was laying off 18% of its workforce. This followed layoffs at other cryptocurrency firms, such as Gemini, BlockFi, and Crypto.com.

Due to "extreme market conditions", crypto bank Celsius unexpectedly ceased [withdrawals](https://blog.celsius.network/a-memo-to-the-celsius-community-59532a06ecc6) towards the end of 2022. The future of cryptocurrency hedge firm Three Arrows Capital was also thrown into doubt. When Bitcoin fell below $19,700, alarm bells rang. 

Crypto investors should invest between 2 and 5% of their net worth, according to Vrishin Subramaniam, founder and financial planner at [CapitalWe](https://www.capital-we.com/about).

"We often see 2 to 3% for most clientele who only watch crypto markets weekly", he added.

## Future of cryptocurrency regulation

Lawmakers in Washington DC and worldwide are debating how to create regulations and norms that would make cryptocurrencies safer for investors and less enticing to hackers.

Additional regulation may be the future of cryptocurrency. More regulation might lead to greater stability in the famously turbulent cryptocurrency sector. It could safeguard long-term investors, deter fraudulent conduct inside the crypto ecosystem, and give clear advice to allow enterprises to develop in the crypto economy, if there's a correct balance.

A recent Biden administration paper details potential laws that would increase regulation of the crypto sector. In recent months, US Fed Reserve Chairman Jerome Powell and [SEC](/news/article/sec-crypto-enforcement-warning) Chairman [Gary Gensler](/news/article/sec-crypto) have expressed concern about the absence of cryptocurrency regulation. 

Despite all the back-and-forth, a few critical themes on the issue of new US cryptocurrency legislation have emerged: preventing cryptocurrency crime and tax fraud, stablecoin regulation, and the possibility for investment vehicles such as crypto ETFs and other funds.

The decentralised nature of digital currencies, which, unlike traditional currencies, are not backed by any organisation or government authority, is a significant appeal for many crypto enthusiasts. However, regulatory guidelines can assist in protecting investors.

"As much as I admire the decentralisation and absence of government involvement, I am pleased they are paying attention since there are many scams with cryptocurrency", says Kiana Danial, author of Cryptocurrency Investing for Dummies.

One potential provision would broaden the definition of a brokerage firm to include entities that handle digital asset trading, such as cryptocurrency exchanges. This move would imply higher tax reporting duty to assist the IRS in tracking crypto tax evasion. 

Furthermore, [Gensler has stated](https://www.sec.gov/news/public-statement/gensler-aspen-security-forum-2021-08-03) that stronger legislation is needed to help avoid future ransomware attacks like the one that took down the [Colonial Pipeline](https://www.nytimes.com/2021/05/08/us/politics/cyberattack-colonial-pipeline.html) in May 2021. The pipeline assault was one of several high-profile examples of hackers demanding [Bitcoin ransoms](https://www.npr.org/2021/06/10/1004874311/how-bitcoin-has-fueled-ransomware-attacks).

While Gensler did not specify how the SEC planned to assist in prosecuting these offences, he did state that the agency will continue to use its full authority. The SEC will continue to push its authority as far as it can, Gensler said at the [Aspen Security Forum](https://www.aspensecurityforum.org/) in Colorado. According to a recent US Treasury assessment, cryptocurrency "poses a serious detection difficulty by promoting illicit conduct, including tax evasion".

## Future of cryptocurrency: Stablecoin regulations

The ease with which stablecoins may be exchanged, along with their stable value, has figures like Yellen and Gensler concerned that they pose threats to the financial system and economy. As a result, they must regulate.

Stablecoins, which act as a bridge between cryptos on various blockchains, might make it easier and cheaper to perform trades on an exchange without using fiat currency. Stablecoins are tied to other assets, often less volatile than cryptocurrencies, such as fiat currency or precious metals, and may price them similarly. 

Therefore, the coins are more "stable" than other cryptos, whose values fluctuate with the markets.

Assisting in reducing or eliminating potential transaction costs since certain exchanges prefer trading from stablecoins to other cryptos over trades from a dollar-based bank account. Many exchanges, like Coinbase, do not charge fees when converting US dollars for USD Coins, which are used to purchase other cryptocurrencies.

According to a [recent study](https://home.treasury.gov/news/press-releases/jy0454) from the Federal Deposit Insurance Corporation, the Working Group on Financial Markets, and the Office of the Comptroller of the Currency, some stablecoins' purpose is to circumvent money-laundering laws or even finance rogue states or terrorists. This has grown even more prominent in policymakers' minds in the aftermath of Russia's invasion of Ukraine, with the possibility that Russia may utilise cryptocurrency to avoid sanctions.

However, there are fears that stablecoins would weaken established US banking institutions, causing financial system difficulties. In other words, the more stablecoins used by investors, the more likely any problems with them would damage the economy. According to White, systemic risks frighten regulators the more, which is why stablecoins are at the tip of the regulatory spear. For example, if you purchased $1,000 worth of stablecoins to decrease or eliminate costs on your cryptocurrency trades, but the stablecoin collapsed before you could utilise it, you'd be down $1,000.


blue image of man trading on ipad in futuristic landscape

What is the future of cryptocurrency?

Since its inception in 2016, Cronos crypto (CRO), developed by CRO Protocol Labs - Crypto.com, has aimed to provide a seamless cryptocurrency experience. Fueled by this goal, it has seen mass adoption around the globe. Cronos' rising curve has seen a steep acceleration and does not seem to slow down.

## What is Cronos crypto?

Cronos is a unique next-generation public blockchain created for buyers and sellers. It enables them to use and receive cryptocurrency easily while paying attention to privacy and security.

Crypto.com aims to put cryptocurrency in every wallet. The company takes a special interest in assets that increase value. This particular interest has propelled them to develop several investment opportunities that include:

•	A staking platform for CRO and NFTs.

•	Visa cards with cashback features.

•	DeFi protocols that pay interest.

•	Swaps and farming.

•	Other investment opportunities offering more than 14.5% interest.

## What is a CRO Token?

CRO (CRO-USD) is the native token for [Crypto.com](https://crypto.com/). Initially, it was known as Monaco (MCO), but was rebranded to CRO, matching its exchange, Crypto.com. It was an ERC-20, Ethereum-based token that was migrated to the Cronos blockchain ecosystem, launched in February 2022. The CRO token provides crypto-tied benefits, including buying and selling fiat currency, debit cards, trading, borrowing, and lending.

The total supply for CRO totals 30 billion. This is after the burning of 70 billion CRO tokens, the biggest crypto burning in history, which shocked the globe. The remaining 10.4% billion are secured by smart contracts to be burned monthly upon unlock.

The CRO supply is allocated as follows; 20% reserved as capital, 20% for the network's incentives, 10% for community development, 20% for frozen ecosystem grants, and 30% to be released within five years for secondary distribution alongside launching incentives.

You can use the Cronos crypto as an intermediary currency and to convert crypto to fiat and vice versa at affordable rates.

## How to buy Cronos crypto

The best platform to buy CRO is Crypto.com. However, CRO is not limited to its exchange but is also available on other popular exchanges like Huobi, Kukoin, and [Binance](/news/article/python-get-crypto-prices-binance). Here are the steps to follow to buy CRO:

1.	Select your preferred exchange – Ensure your exchange has listed Cronos. Look at the gas fee and ensure they suit your needs. Check to ensure that the exchange has an integrated wallet.

2.	Choose a payment method – After settling on a particular exchange platform, pick the best payment medium. Remember to check for associated fees. Issuers are fond of treating cryptocurrency purchases like cash advances that incur fees upon initiating transactions.

3.	Place your order – If you have already funded your account on the preferred exchange, you can now navigate to the Cronos CRO page. Select the amount you wish to invest on this page and press enter to continue.

4.	Choose your storage – While many exchanges come with integrated wallets, you can still store your CRO in an alternative wallet. You can choose between the "hot" wallet online or the "cold" offline wallet.

## The CRO price prognosis

Currently, the price for CRO is at $0.08074, ranking it as the 33rd cryptocurrency (26th January). In circulation, CRO supply sums 25,263,013 692 having a market capitalization of $1,579,112.361.
From the Energy Web Token (EWT) perspective, CRO has already hit its maximum retracement targets. A reversal is expected soon.
CRO has multiple utilities and thus offers high hopes for investing in it.

In 2023, according to our analysis, expect the price to range between $0.71 and $1.07. The average price should be $0.89. 

Moving forward to 2024, you can expect prices between $0.9 and $1.36, with an average price of $1.13. In 2025, the price could range between $1.15 and $1.73, averaging $.144. The 2026 expectations lie between $.146 and $2.20 and an average price of $1,86.

This is an optimistically smooth appreciation curve for long-term investors. However, remember that it is all based on its ongoing developments and social sentiment from the online community.

## Wrap up

Cronos crypto is still in its infancy. Having performed well last year and proven to have invested in interesting developments like credit cards, NFT staking platform, and DeFi passive earning schemes. 

CRO is likely to go up, but could just as easily go down. Crypto is volatile. Deep research of a specific cryptocurrency is needed before investing.


navy and green image of hexagon pattern with cronos crypto hexagon logo in centre

Cronos Crypto Price Prediction

## Jim Cramer suggests investors ignore Bitcoin hype

Jim Cramer, the host of CNBC's Mad Money, [recently advised](https://www.cnbc.com/2023/01/23/jim-cramer-why-investors-should-ignore-crypto-and-stick-with-gold.html) investors to exercise caution when investing in cryptocurrencies.

###Jim Cramer suggestion to investors

Despite the [recent gains in Bitcoin's value](/news/article/bitcoin-bull-or-bubble-debate), Cramer suggests that investors should consider investing in gold instead. 

Bitcoin continued to rise in value on Monday, reaching a high of $23,155.93 as investors bet the Federal Reserve will slow or halt interest rate cuts.

According to Coin Metrics, the digital currency's price rose to $23,333.83 on Saturday for the first time since August. The coin has risen nearly 39% since the beginning of the month.

![graph](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_01_24_at_11_41_30_289ce18657.webp)

Cramer said the charts indicate investors "need to ignore the crypto cheerleaders" following Bitcoin's resurgence. If you want "a real hedge against inflation or economic chaos", choose gold, he added.
 
The basis for his advice is the analysis by Carley Garner, a senior commodity market strategist and broker at DeCarley Trading. The study compares the daily chart of Bitcoin futures to that of the tech-heavy Nasdaq-100 since March 2021.

It is observed that [Bitcoin](/news/article/scaramucci-bitcoin-price-prediction) and other cryptos are almost trading in lockstep, suggesting they are risky assets rather than a currency or a stable store of value. Furthermore, the advice is that given the volatility of Facebook and Google shares, it would be unwise for business owners to try to conduct transactions with them, and the same goes for Bitcoin.

According to Cramer, "counterparty risk", which is the possibility that the other party in an investment or transaction might not uphold their end of the deal, is why they trade so closely.

He said that although counterparty risk can be avoided by storing Bitcoin in a decentralised wallet, as it is used for trading, the risk will return. Pointing to [FTX](/news/article/ftx-us-reports-415-million-hacked) collapse, he firmly suggests gold should be the potential investment.


Jim Cramer Says Ignore the Bitcoin Hype

The Ether price in British pounds plummeted in November, with Trading View charts showing the ETH price at less than £1,100 on 11 November and failing to rise to the level again.

Ethereum tops the list of altcoins among traders and investors. It is the most well-known altcoin and, to many investors and enthusiasts, much more than just another cryptocurrency.

Currently, the ETH price is £1,575.97, slightly higher than the opening price of this week, £1,552.52. During an entire week, Ether's price moved between a maximum of £1,063.22 on 5 December to a lowest of £1,000.01 on 7 December.

![ether.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/ether_d1e3f1abb5.png)
  
Source: Tradingview.com

The Ether price pounds value rallied 19.74% from £907 on 22 November to £1,086 on 30 November before falling -7.20%. The resistance level at £1,086 has been keeping up for a month, which is the likely cause of the correction to £1,000.01 on 7 December. On the other hand, traders are happy that the ETH is now trading 15% above its low on 22 November.

The market is already in winter, and the fall of FTX worsened the mood of traders. However, two other events pushed the waves higher and broke traders' confidence. A [tweet by Elon musk asking SBF where did the money go](/news/article/elon-musk-tweets-where-did-money-go) acted as a stone to break the beaker.

Plus, three US Senators wrote to [Silvergate Bank asking for information regarding the bank's involvement with FTX](https://cointelegraph.com/news/us-lawmakers-request-answers-from-silvergate-over-ties-to-ftx-report). Lawmakers are trying to find out legislative or regulatory solutions to prevent a similar occurrence in the future. 

Following "reports suggesting that Silvergate enabled the transfer of FTX client cash to Alameda", the lawmakers asked inquiries. They gave the bank until 19 December to respond.

NBC News, on 5 December, reported that Silvergate is claiming not to be involved in FTX and Alameda Research's apparent misuse of customer funds. However, according to 6 December news, the three Senators, Elizabeth Warren, John Kennedy, and Roger Marshall, sent a letter to Silvergate CEO Alan Lane. It asked the bank to provide details on its connection with FTX regarding the allegations and queries around its name.

It is still unclear what the long-term consequences of FTX's collapse will be, as the latest wave of bankruptcy cases poses a risk of extending the present cryptocurrency bear market. Keeping these things in mind, investors are forced to think that the crypto meltdown will likely go deeper because of such frequent negative events happening in the market.

The FTX collapse has had an influence on the course of the regulatory regime in the United Kingdom. The planned revisions would make it possible for the Financial Conduct Authority (FCA) to keep an eye on the regional operations of the crypto businesses.

In this bearish scenario, investors fear Ether could lose the £1,000 support. It's important to note that making a firm call for the Ether price pounds value is challenging. Some predict that Ether could be in for a crash this year, with its value dropping as low as £750. Crypto market analysts expect ETH to drop as much as 80% from its all-time high of £3,560, leading it to around the said support level.

## Final words

A positive aspect of the network, when considering the Ether price pounds value, is that Ethereum has more than a 90% share of the NFT market.

It is hoped that the first smart contract blockchain will survive this period of instability.


green image of British flag and GBP with ETH logo in centre

Ether Price in Pounds: Unable to Reach £1,100

The cryptocurrency market has experienced massive growth and sharp declines in the past two years. Total crypto market capitalization rose by 283% from $782 billion on 1 January, 2021 to $3 trillion on 10 November, 2021. Since that day, the market cap of the entire crypto market has plunged by 72% to around $815 billion on 9 December, 2022.

While the massive growth was attributed to a significant rise in institutional adoption of cryptocurrencies as a method of payment and an investment instrument, most of the decline has been attributed to waning interests by crypto enthusiasts, global macroeconomic instability, and the collapse of popular crypto projects.

In December 2017, when BTC reached a peak of $20,000 (resulting in a bear market through 2018 and 2019), many analysts predicted the end of Bitcoin and the entire decentralized finance market. Most market analysts affirmed their positions on the future of crypto in the next 5 years when the financial markets (centralized and decentralized) plummeted to all-time lows during the peak of the coronavirus pandemic in March and April 2020. 

Despite their forecasts, BTC and [Ethereum](/news/article/neo-network-china-ethereum) (ETH) weathered the storm and exchanged hands for more than $60,000 and $4,000, respectively, in November 2021.

Five years on from BTCs peak in 2017, some analysts believe crypto could rise to the moon and recover. Others believe the crypto market could stabilize, while the naysayers think the next five years look like a bad period for the future of crypto, which could see it crash and burn. Skeptics should know that the era where demand and supply determined the price of cryptocurrencies is over. Whether crypto will boom or go bust in 2023 and beyond depends on regulation in the United States and abroad, the rise in the demand for crypto-tied exchange-traded funds (ETFs), and the mass adoption of cryptocurrency as a method of payment and an investment asset by individuals and mainstream companies.  

## Government regulation could brighten the future of crypto in the next 5 years

Despite the potential of decentralized lending platforms, which give users above-average minimum annual percentage yields (APYs) of 5%, billions of people have stayed away from many decentralized applications (Dapps).

Aside from the two most popular cryptocurrencies in the form of BTC and ETH, other digital assets like Shiba Inu (SHIB), Dogecoin (DOGE), and SafeMoon (SAFEMOON) have brought more than 10,000% gains to investors in a short period. Despite the quick earnings in less than one year, billions of potential investors have stayed away from investing in cryptocurrencies and using Dapps to earn a consistent passive income because they are unregulated by institutions they trust.

According to a June 2022 study by [The Ascent](https://www.fool.com/the-ascent/research/study-americans-cryptocurrency/), which is part of the Motley Fool, around 46.5 million Americans who have never engaged with any cryptocurrency said they are considering becoming crypto owners in 2023. 

The same study said that more than half of Americans surveyed who have never owned cryptocurrency said they would consider purchasing the new asset class if they could store their coins and tokens in their primary bank.

More importantly, around 50% of Americans believe crypto should be regulated.

The United Kingdom’s top regulator, the [Financial Conduct Authority](/news/article/ftx-uk-warning) (FCA), revealed its [crypto asset consumer research for 2021](https://www.fca.org.uk/publications/research/research-note-cryptoasset-consumer-research-2021), and findings showed the need for regulation. 

Many residents said they have heard about stablecoins, especially the United States Dollar Tether (USDT) and the United States Dollar Coin (USDC). Stablecoins are cryptocurrencies pegged to fiat currencies such as the USD, Euro (EUR), or Great Britain Pound (GBP). 

Around 59% of people surveyed said they stored their digital assets on the cryptocurrency exchange from which they purchased. About 24% made it known that they have zoomed into self-custody and, as a result, store their coins in digital [wallets](/news/article/tony-fadell-launches-crypto-wallet). Some pointed out that they have opted for hardware wallets due to their traits of being offline and not in the reach of cybercriminals who spread malware to compromise wallets and make off with billions of dollars in stolen crypto.

Bitcoin was the most popular coin, followed by Ethereum, Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH).
The FCA’s concern was that ownership had risen significantly from 1.9 million in 2020 to 2.3 million in 2021. 

According to the [FCA](/news/article/uk-crypto-license), many investors mistakenly believe that the cryptocurrencies they engage with have regulatory protection, which they don't. Due to a lack of regulation, about 43% of people surveyed said they were discouraged from buying crypto due to the consumer warnings on the FCA's website. Mistaken beliefs and a lack of understanding about an industry that continues to experience billions of dollars in losses are the reasons why crypto should be regulated.

## The future of crypto in the next 5 years

Chris Oldfield, the co-founder of Fitburn, told Moni Talks:
"Predicting the future of crypto in the next 5 years is hardly possible. However, we can look at it from different perspectives, investors, companies, and banks. From an investor's perspective, crypto is the only way to own an uncontrollable asset in many countries around the world.

This applies to both buying and selling. Investors still have the opportunity to get in early enough to position themselves well and earn high returns over time, contrary to previous asset levels.

"This also applies to day traders, who find a very young and strongly fluctuating market. Companies can quickly and easily digitize their business through the smart implementation of blockchain technology and build a fiat-independent trading business through cryptocurrencies with various partners worldwide."

Without regulation, millions continue to pour billions of dollars into the crypto industry. Regulations will give investors protection, which could motivate new investors to get involved with the new asset class and keep it alive.

"In general, I am very optimistic about the future of crypto, although we should keep an eye on regulations imposed by countries. Especially macroeconomically, crypto is volatile and can quickly be shaken by new laws and regulations. All in all, it will still take some time and some ups and downs until cryptocurrencies shape our everyday lives," Oldfield added.

Aside from government regulation, other industry-wide factors could influence the future of cryptocurrency in the next 5 years. 

## The impact of alternative blockchains is essential to the future of crypto in the next 5 years

The Proof-of-Work (PoW) blockchain had environmental concerns due to its high carbon emissions. Proof of the impact of PoW chains can be attributed to the use of the most popular cryptocurrency, Bitcoin.

Due to the power needed by BTC, it has been estimated that the first cryptocurrency creates more climate damage than global beef production.

Such environmental concern is why [Tesla](https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html#:~:text=Tesla%20announced%20Monday%20it%20has,maximize%20returns%20on%20our%20cash.%E2%80%9D) and Wikipedia broke their relationships with BTC after announcing the cryptocurrency as a payment method earlier.

Stakeholders of the crypto industry have not overlooked the adverse effects of PoW. This is why many developers have jumped into Proof-of-Stake (PoS) blockchains.

Ethereum has embraced PoS in its transition from PoW in September 2022 and other blockchains, such as Solana, Avalanche, TRON, Algorand, and Binance Smart Chain. Its introduction has made it easy for networks to process thousands of transactions every second while maintaining security.

PoS blockchains do not rely on application-specific integrated circuits (ASICs) but instead rely on Central Processing Units (CPUs) and Graphic Processing Units (GPUs) powering desktops and laptops to validate transactions.

This has led to a substantial reduction in high energy consumption, with most PoS chains tagging themselves as zero-carbon technologies.

Many reports point to the fact that an improvement in transaction validation could be a primary factor in the future of crypto in the next 5 years. This is because decentralized finance applications and non-fungible tokens (NFT) can be used with their transactions processed without any security problems or network congestion.

"As a blockchain is a great tool for transactions traceability and transparency, and smart contracts play an important and reliable role in securing transactions in a very cost-efficient way, eliminating mediators, most likely that crypto will replace a huge part of the traditional fiat transactions.

"On the other hand, the crypto ecosystem is moving forward, developing amazing monitoring and tracing tools that enable the regulators and community to identify suspicious transactions, wallets, and projects. This will lead to purity and maturity to minimize scams, hence big adoption in various businesses," Mohammed AlKaff AlHashmi, co-founder and Chief Brand Officer (CBO) at Islamic Coin, told MoniTalks.

## Broader institutional adoption could create a great path for crypto

The market capitalization of crypto reached a peak of $3 trillion because of institutional adoption. Three of the institutions that took the market to such heights were Tesla Inc., Grayscale, and MicroStrategy. 

In February 2021, Tesla announced that it had purchased $1.5 billion in BTC. Bitcoin reached a then peak of [$58,330.57](https://coinmarketcap.com/currencies/bitcoin/historical-data/) on the back of the purchase on 21 February, 2021.

As of September 2022, MicroStrategy’s total BTC holdings were 130,000, up 42% from March 2021’s total holdings of 91,064 BTC. Co-founder of MicroStrategy Michel Saylor has been a huge proponent of BTC since his firm began investing in BTC as far back as August 2020, when 21,454 BTC were purchased for $250 million. 

[Grayscale Investments](https://grayscale.com/) is the largest digital asset management company in the world. The firm launched Grayscale Bitcoin Trust in September 2013 and followed this up with Grayscale Ethereum Trust in December 2017. Due to the success of BTC and ETH Trusts, Grayscale followed up with Trusts for [Filecoin](https://grayscale.com/products/grayscale-filecoin-trust/) in March 2021, [Solana](https://grayscale.com/products/grayscale-solana-trust/) in November 2021, [Decentraland](https://grayscale.com/products/grayscale-decentraland-trust/) in February 2021, [Chainlink](https://grayscale.com/products/grayscale-chainlink-trust/) in February 2021, [Livepeer](https://grayscale.com/products/grayscale-livepeer-trust/) in March 2021, and [Basic Attention Token](https://grayscale.com/products/grayscale-basic-attention-token-trust/) in February 2021. 

Despite the plunge in market prices, Grayscale remains unshaken and continues to maintain the Trusts.

A repeat of the investments made by these companies in the future could keep the crypto industry alive for many years. 
Aside from making direct investments in crypto, the adoption of crypto trading by mainstream companies can also bode well for the future of crypto. 

On 1 November 2022, [MoneyGram](https://ir.moneygram.com/news-releases/news-release-details/moneygram-introduces-new-crypto-service-enabling-customers-buy), a cross-border payment company, announced the launch of what it called a new crypto service that enables its customers to buy, hold, and sell cryptocurrency via its MoneyGram App. This saw MoneyGram join other financial services firms like PayPal Inc. and Skrill (from PaySafe Group, which also includes Neteller) in allowing their customers to buy, store, and sell cryptocurrencies on its platform. 

MoneyGram is one of the biggest names in cross-border payments. If more companies join in offering crypto services to millions of their customers, this could positively impact the fortunes of crypto in the future.

## Acceptance of ETF vital to the future of crypto

In centralized finance, an exchange-traded fund (ETF) comprises a basket of securities bought and sold via a stock exchange or a brokerage firm. Since BTC is the first and most popular cryptocurrency, ETFs backed by the cryptocurrency have been trending over the past few years.

 Bitcoin ETFs are pools of BTC-related assets offered on trading exchanges by brokerages to be traded as ETFs. The purpose of BTC ETFs and other crypto-backed EFTs that will be joining the industry is to give retail investors and other investors who are not comfortable with investing in cryptocurrencies access to digital assets without actually owning them. 

Some of the best Bitcoin ETFs as of December 2022 are ProShares Bitcoin Strategy ETF (BITO), Valkyrie Bitcoin Strategy ETF (BTF), VanEck Bitcoin Strategy ETF (XBTF), AdvisorShares Managed Bitcoin Strategy ETF (CRYP), Global X Blockchain & Bitcoin Strategy ETF (BITS), and ProShares Short Bitcoin ETF (BITI). 

## Crypto investor and community support essential

Despite the need for regulation, the use of PoS blockchains, mainstream adoption by major corporations, and crypto-backed ETFs, the future of crypto in the next 5 years still depends on crypto investors and the crypto community.

Without the community, the crypto industry wouldn’t have survived into its 13th year. While many naysayers have predicted doom for the crypto sector, some industry experts remain optimistic about the future of crypto. One of them is Slava Demchuk, co-founder of AMLBot, founder of the AMLSafe app, and CEO of PureFi. 

He told MoniTalks: "The cryptocurrency ecosystem is developing rapidly, with growing investor interest and increasing transparency of crypto issuers and intermediaries. 

The convenience, speed, and security of cryptocurrency payments will continue to improve gradually. Due to the formation of a legal framework, comprehensive regulation, and oversight, cryptocurrencies will have a clear legal status, and market participants will have the right to legally conduct business and protect their interests. Most likely, all these developments will contribute to the spread of payments in cryptocurrencies, and their share in people's savings and investment portfolios will increase. 

Exchanges will de facto turn into brokers and send information about their trading activities to the tax authorities at the place of the user's tax residency. 

Cryptocurrency will get its own tax status and method of accounting and valuation. Higher transparency of the cryptosphere will lead to the situation when it will be almost impossible to use dirty crypto anywhere."

Despite the positives, crypto still faces an uncertain future and needs to tackle its cybercriminals' problems as well as find an answer to its emerging competitor in central bank digital currencies (CBDCs). 

## The future of crypto in the next 5 years looks uncertain

While many believe crypto is the future of money, the emergence of national digital currencies could end this narrative. 

China banned banks from interacting with cryptocurrencies in 2013 and followed this up with the banning of initial coin offerings (a way of raising funds to support crypto projects just like what is done in the stock market called initial public offering) in 2017. The country’s attention turned to crypto mining in 2019, and in May 2021, China banned crypto and mining. 

As a major power of the 21st century, China took the lead by launching the digital Yuan (e-CNY) in 2021, and millions of Chinese are using the national digital currency. 

According to the People’s Bank of China (PBOC), the e-CNY app had around 261 million users as of the end of 2021 and has been involved in more than 360 million transactions worth over $14 billion. The digital Yuan is available to residents in 23 cities across the country. 

China’s lead in CBDC has been embraced by other countries such as The Bahamas and Sweden. The [Dominican Republic](https://newsdirect.com/news/dominica-selects-tron-as-its-national-blockchain-to-issue-the-countrys-official-coin-607432614) announced in October 2022 that it had selected TRON as its national blockchain as it plans to issue its first official coin, Dominica Coin (DMC).

In November 2022, the Federal Reserve of the state of New York launched a digital dollar pilot program with nine financial institutions, which included Mastercard, Wells Fargo, and Citibank, to test the utility of a digital dollar using distributed ledger technology (DLT). Millions of Americans and billions worldwide are also concerned about crypto scams.

If cybercriminals continue to have their way due to a lack of regulation, crypto could crash and burn in the future.



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