Formerly known as Loki, Oxen is the latest privacy focussed Proof of Stake crypto network facilitating instant transactions. 

Alongside payment infrastructure, Oxen provides users access to a secure messaging platform and an anonymous network layer for developers to work on. Such a versatile platform has great potential. For that reason, the project has caught the imagination of traders and investors worldwide. Here, we analyse the crypto price prediction for Oxen and determine whether it is worth our investment.

The native coin of the Oxen network is $OXEN token. $OXEN is primarily used for staking, purchasing name registrations for in-platform router and messenger, and, of course, for the transference of value through instant and private transactions.

Although data concerning the max supply of $OXEN is not available, there are currently 61,703,560 coins in circulation. With a current token price of $0.1781, this gives an overall market cap of $10,981,761. But can we make an Oxen crypto price prediction?

Access to $OXEN is improving as more and more top-tier exchanges continue to list the coin. You can find the token available to trade at KuCoin (USDT, BTC, and ETH pairs), Bittrex (BTC and USDT), and TradeOgre (BTC). It is also possible to swap wrapped OXEN, wOXEN, via popular DeFi platform SushiSwap. 

For a breakdown of the best places to trade and invest in cryptocurrencies, [check out our guide](/news/article/best-exchanges-for-crypto-uk).

## Technical analysis

Let's look at how $OXEN might perform in the near to medium term. By looking at recent technical analysis, it is possible to get a better idea of what $OXEN might do in the future. At the time of press, $OXEN is trading below the 200-day simple moving average (200SMA).

If the current trend doesn't change, the value of $OXEN is predicted to fall by -4.63% by the end of February 2023. That said, technical analysis shows that in the last month, $OXEN recorded 13 out of 30 green days with a volatility score of 1.90%, suggesting that now is a great time to buy the token. Trader sentiment remains neutral, with 17 out of 29 indicators recording bullish signals.

It is also apparent that $OXEN is trading below the 50SMA, with the indicator suggesting sell since 10 February, 2023. The price is predicted to fall to somewhere in the region of $0.177 in the near term. Meanwhile, the [Relative Strength Indicator](https://www.investopedia.com/terms/r/rsi.asp) (RSI) remains neutral, scoring 54.64. The RSI score suggests whether an asset is overbought (above 70) or oversold (below 30).

Looking at historic moving averages, opinion is split over whether it is a good time to buy or sell the token. Because moving averages are lagging indicators, they don't take into account immediate or future events, so they should only be used as part of your trading or investing toolkit. As well as the simple moving average (SMA), traders like to use the exponential moving average (EMA). The only difference is that the EMA puts more weight on more recent prices rather than the balanced score the SMA gives. With this in mind, the following data suggests:

![oxen.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/oxen_a2f6082ada.png)
 
As you can see, trends calculated from weekly moving averages continue to suggest that selling is the best option right now. Whereas daily average prices over 10, 21, and 50 days all suggest now is a good time to buy $OXEN.

## Charts based on other tech growth

There are several other ways to determine whether it is a good time to buy. If we look at the trends for the historic growth of other famous equities, we get some interesting results.

![oxen2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/oxen2_f15ecde2bb.png)
 
Obviously, no one can predict the future, but the table above shows just how much room for growth there is for anyone entering the sector at this stage of the asset lifecycle.

## Oscillators

We can use oscillators to determine a historic trend set between two parameters, often those of higher and lower values. The difference between these scores gives us our oscillating trend. There are variations on this theme, but some of the more popular and recognised trends are:

![oxen3.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/oxen3_65dcc7370c.png)
 
As you can see, the overwhelming majority of these indicators suggest a neutral course of action.

## Correlation

Correlation indicators help determine if an asset's price action is closely related to others in the same sector. As we can see from the table below, $OXEN is most closely correlated with $ASTAR, $FEI, and $OASIS networks. On the other hand, $OXEN is furthest away from $SINGULARITY, $NEXO, and $FETCH.ai.

![oxen4.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/oxen4_35efb8bbad.png)
 
## Oxen crypto price prediction conclusion

As you can see, there are myriad ways to use technical and historical data to make trading and investment decisions and an Oxen crypto price prediction. However, it is important to use this data as part of an overall trading or investment strategy and not exclusively. Looking at the [available data](https://coincodex.com/crypto/oxen/price-prediction/), it is possible to conclude that the current trading sentiment surrounding the $OXEN token is, for the time being, neutral.

As any investor will tell you, predicting market moves is practically impossible. Therefore, it is wise to adopt a broad approach to investing or trading.

 [1] Based on average year-on-year growth of the internet between 1995 and 2017

 [2] Based on average year-on-year growth of Google between 2000 and 2015

 [3] Based on average year-on-year growth of Facebook between 2004 and 2016

 [4] Based on average year-on-year growth of the mobile phone sector between 1993 and 2013


Oxen logo on green image of crypto price tracker

Oxen Crypto Price Prediction

It has engaged millions of people, but is still to launch its own coin. That's why making a Pi Network price prediction is so challenging!

Pi Network was created in 2019 by a group of Stanford University graduates. Unlike other [cryptocurrencies](/news/article/what-is-future-of-cryptocurrency), Pi does not require any specialized hardware to mine. Instead, users can mine Pi using their mobile devices, which makes it accessible to a much larger audience.

The Pi Network is built on a unique consensus algorithm called the "Proof of Work/Proof of Stake" hybrid model. This algorithm allows users to mine Pi by verifying their identity and contributing to the network's security by verifying transactions.

Pi Network's consensus algorithm is designed to be lightweight, energy-efficient, and more accessible than the mining algorithms used by other cryptocurrencies.
Pi has a limited supply of 10 trillion coins, which will be gradually released into circulation as users mine and verify transactions on the network. Currently, the Pi Network is in its beta testing phase. Users can earn PI coins by simply downloading the Pi Network app (read to the end to know how to download the Pi app) and creating an account.

## Social mining?

One of the unique features of the Pi Network is its social mining approach. Instead of competing against each other for rewards, users are encouraged to build their networks of trusted contacts and earn additional PI coins by inviting new users to join the network. This social mining approach creates a more inclusive and collaborative community where users can work together to build the network and earn rewards.

Another important aspect of the Pi Network is its focus on user privacy and security. The Pi Network uses a combination of advanced cryptography and [blockchain technology](/news/article/blockchain-for-dummies) to protect user data and prevent fraud. 

Transactions on the network are verified using a decentralized consensus mechanism, which ensures that all transactions are valid and there is no possibility of user-ended issues.

Furthermore, even without an active coin, the Pi Network has launched a wallet and a browser for users to experiment with. This way, early adopters can get familiar with how the Pi system operates and get straight to extracting their coins when the coin drops.

Unlike other cryptocurrencies that require massive amounts of energy to mine, the Pi Network's consensus algorithm is designed to be energy-efficient and sustainable. This makes PI a more eco-friendly alternative to other cryptocurrencies like [Bitcoin](https://bitcoin.org/en/), which have come under scrutiny for their massive energy consumption.

## 25 million users without an active coin?!

A huge pointer to Pi being an exciting project is the fact that the company has managed to accumulate more than 25 million users on its platform – even before launching the PI coin or the mainnet!

This is also one reason why getting a Pi Network price prediction in place is almost impossible. When there's no coin in circulation yet, you have to make a calculated prediction about its future value, which is the case for the Pi Network coin.

The platform's marketing has been on-point, and there's real value in the Pi Network, leading to a huge user base. Moreover, the team behind Pi have done a great job of being active and not letting the user base sit idly while the network is being developed.

## Pioneers, Contributors, Ambassadors, and Nodes

Pi has allocated four roles for its users, providing ownership to them and allowing multi-level marketing to take place.

Pioneers are general users registered on the Pi Network app. These users must verify their identity daily to ensure they're not tagged as bots by the app.

Contributors are basically pioneers who have taken part in three mining sessions. This role is just a virtual medal for active users taking part in the network's activities.

Ambassadors, well, do what their name suggests. They act as ambassadors of the Pi Network, bringing in other users to the platform for further rewards.

Nodes, lastly, are users who participate in the node software on their computers, interacting with other nodes to generate as many coins as possible. They can "generate" coins and collect them, but there won't be any earnings yet. The users will be able to gain all the tokens they've generated ONCE the coin gets released.

A system like this allows users to feel connected with the platform, which is one of the main reasons for the network's popularity.

## Hackathon

The Pi Network also held a hackathon for developers to test their DApps on the platform. This was done with the help of the Enclosed Mainnet of the Pi Network, allowing developers to deploy various DApps.

Of course, these DApps will be publicly operational once the mainnet is released – which is unknown and unannounced for now. The activities will be powered by the PI coin, allowing transactions for all kinds of applications.

## Pi Network price prediction

As we mentioned above, considering the PI coin hasn't been released, and the mainnet's release is yet to be announced, too, giving a Pi Network price prediction is tough.

Nonetheless, there are still a few opinions by experts and analysts in the industry.

A lot of sources advise users to stay away from the Pi coin, as there is much ambiguity regarding its future – a valid point. When you don't know when the coin and the main network will launch, it's smarter to wait until more information is available.

On the other hand, a few websites have estimated a Pi Network price prediction. [DigitalCoinPrice](https://digitalcoinprice.com/coins/picoin), for example, thinks that the PI coin will launch around the $0.007 mark.

## Pi Network price prediction 2023, 2024, 2025

Generally, this prediction for the Pi Network will be a shot in the dark, with little to no information at our disposal. However, we can still take some factors into play and get some understanding of the PI coin's future price.

For example, we know that the Pi Network project is unique, and it looks very promising even at its current stage. With millions of users already participating in its activities, the network seems strong, which is always a great look for the company's future valuation.

We suspect that the Pi coin could reach $0.009 or even $0.01 by the end of 2023 if there’s enough social hype around the app. By the end of 2024, the price could push even further if the developers manage to maintain the utility of the Pi network, keeping the users engaged within the app.

Lastly, we could see the Pi coin cross the $1 mark in the future, perhaps by 2025, if the crypto market returns to stability by then.

Overall, the Pi Network and PI coin represent an exciting new development in cryptocurrency. With its innovative consensus algorithm and social mining approach, Pi has the potential to become a significant player in the world of digital currencies. If you want to discover more about Pi, you can download the Pi Network app [here](https://minepi.com/#download)!


pi network logo on image of person trading

Pi Network Price Prediction and Features 

Xinfin is an exciting up and coming crypto project. Today we'll be going over XDC news and price prediction.

## What is XinFin (XDC)?

[XinFin](https://xinfin.org/) is a hybrid [blockchain network](/news/article/blockchain-for-dummies) focusing mainly on global financial trading and aiming to make the process easier for everyone, regardless of location.

The name XinFin is short for exchange infinity, which might give you an idea about the company's motive. XinFin has been all over the news lately, so let's discuss why it's risen in popularity so quickly.

There are two major issues with two different industries that XinFin aims to solve with its network: the finance sector's outdated trading infrastructure and crypto's complete anonymity within transactions. XinFin eliminates both issues by providing a middle-ground, with an open blockchain network that consists of smart contracts as well.

One big factor that allows XinFin to stand out from its competitors is its steps to integrate with the finance sector. For starters, the XinFin protocol is compatible with the [ISO-20022 messaging standards](https://www.iso20022.org/), allowing it to integrate seamlessly with SWIFT systems, legacy banking, and ERP applications.

This would allow XinFin to be used on a wide range of platforms, providing those decentralized services within regular banking models. Not only does this give a much more integrated infrastructure for trading assets, but it also allows financial institutions to view XinFin in a good light. Perhaps the way XinFin has gone about its business model could pave the future of crypto that we all hoped for.

## The XDC01 Protocol

The efficiency and speed of XinFin are made possible with the help of a special XCD01 protocol that XinFin has deployed. The protocol, in essence, is a hybrid system consisting of public and private networks. This means that it gets benefits from private networks, like secure transactions, and from the public state, such as decentralization and transparency.

This hybrid setting is unique and allows the protocol to provide not just immensely rapid transaction speeds, but also remain completely transparent with its operations. All transactions are made possible with the XDC token, which serves as the main currency for the XinFin network.

## Interesting XinFin features and figures

There are many other features of XinFin, and we'll go over a few exciting aspects of the network.

We haven't really mentioned the retail side of XinFin's operations, so now would be a good time to talk about the XinFin wallet and its functionality. In simple terms, the network also has a user-friendly wallet where you can not only buy XDC, but also trade it for various other tokens like Bitcoin and Ethereum.

We should also talk about the sheer speed and efficiency of the XinFin network. We did mention that it focuses on being rapid, but we didn't talk about how rapid it is with its transactions compared with other blockchain networks.

For comparison, [Ethereum](/news/article/ethereum-price-in-uk) can perform up to 16 transactions per second, which is decent, but XinFin can do more than 2,000 transactions per second. Is that impressive, or what? Next, each transaction charges around $0.00001, which is a huge deal when compared with Ethereum, which charges $10. Lastly, where ETH consumes 20.61 TWh, XinFin only requires 0.0000074 TWh.

So, the XDC network is pretty much an improvement over the likes of BTC and ETH in terms of transaction speeds, energy consumption, and overall efficiency.

## XDC news and token price

XDC is the main token for XinFin and is involved throughout each network process. The initial maximum supply set for XDC was at 100,000,000,000 tokens, and it will remain so. 25% of this supply was kept for the owners and the XinFin team. The majority of tokens (32.5%) were reserved for users taking part in the XinFin ecosystem to circulate the coins.

## XDC price

If we talk about the [price of XDC](https://coinmarketcap.com/currencies/xinfin/), then it's currently sitting at $0.02968, with a 0.72% increase over the last 24 hours. Furthermore, the price saw a decent 4.47% growth over the past week, which, given that it had to pass through Friday, is a great result. It has a circulating supply of 13.8B XDC, making it one of the bigger cryptocurrencies in the market.

## XDC news

In recent about XDC news, the company announced a new project that it is launching called DAOFin. This will provide XinFin with a decentralized funding structure for future network-related improvements like ecosystem development, network upgrades, and much more.

There will also be a comment period until 15 March, when the public can present its opinion regarding DAOFin. This will allow XinFin to get some idea of what the public sentiment might be regarding this move and how much of its assets should be invested in it.

That's it for the latest XDC news. Now let's get into future price predictions for XDC for the years 2023, 2024, and 2025.

XinFin (XDC) price prediction 2023, 2024, and 2025
As of writing, the XDC news is that the token is going for $0.0258, and it seems to form a bullish pattern due to its features and usability. It might very well be that the token gets to see a great increase in price in a short period.

But, the volatility of the crypto market must be kept in mind when making such predictions. We advise everyone to do their own research before investing in any token, let alone XDC. Now that a disclaimer has been provided, let's get talk price prediction.

### XDC price prediction for 2023

For 2023, with the way the current crypto market is, we don't suspect a huge spike in price for XDC. However, as we see the coin growing in value nonetheless, there is reason to believe it might end the year on a good note. The XDC news could be of the token ending the year at $0.0542.

### XDC price prediction for 2024

If things become more stable, as we hope for next year, we could good XDC news as the token takes off. Thanks to its seamless integration between decentralization and transparency, XinFin could be the foundation for future crypto projects. All this means it's bound to grow in value, hence a price prediction of around $0.0954 for 2024.

### XDC price prediction for 2025

In 2025, we might see crypto return to regularity, with a significant focus on utility and cooperation with various financial institutions worldwide. This is something that XinFin will be able to target comfortably, providing not just a retail approach for consumers, but also industrial integration with the major financial players in the industry.

Due to all we've discussed above, we could see XDC news that the token's value has crossed the $0.1 mark by 2025. Anywhere from $0.1 to $0.15 could be a viable price for XDC after a couple of years.

Again, all this is based on speculation and prediction – remember to take this with a grain of salt, as the crypto market can be highly unpredictable. There are good chances that the price of XDC goes the other way and drops down instead. However, the project’s utility and functionality lead us to believe that that’s the more improbable route.


xdc coin logo on pile of other crypto coins

XDC News and Price Prediction 

Enhance token (ENH) continues to trend on social media platforms due to the extensive uses of its growing ecosystem. 

Unfortunately, while accounts have been created for the token by CoinMarketCap (CMC) and other crypto price tracking portals, ENH largely remains untracked for the time being. 

## What is Enhance token? 

According to information available on [CMC](https://coinmarketcap.com/currencies/enhancetoken/), ENH is a soon-to-be multi-asset that will be primarily focused on the integration from Web2 into the Web3 space. 

Like all cryptocurrencies, ENH will need to be backed by a strong technological infrastructure before it can become a mainstream digital currency patronized by millions of traders and investors in a market with more than 20,000 crypto assets. 

The [Enhance ecosystem](https://t.co/PGzTaWrs1Q) comprises seven areas; Shop, Apes, Swap, Education, Energy, Staking, and Blueprint.

Shop - This segment of the Enhance project primarily focuses on selling zero sugar and regular drinks as well as a sports bra, sports leggings, duffle bags, backpacks, quarter zip pullovers, performance caps, athletic shorts, tank tops, athletic T-shirts, and running pants. 

Once ENH is fully launched, it could become the primary token to buy the aforementioned products. This could positively reflect in its daily transactions, culminating in a price increase.

Apes - Modeled after the success of the [Bored Ape Yacht Club](/news/article/bored-ape-nft) (BAYC) and its sister projects, Enhanced Apes is a collection of 10,000 NFTs housed in the [Binance Smart Chain](/news/article/bnb-price) (BSC). 

Just like positive news of Bored Ape and Otherside for Otherdeeds is reflected in ApeCoin (APE), the novel token of Enhance could be exploding with above-average monthly sales volumes from its Ape project.

Education – This platform consistently informs stakeholders about the current developments of the project. 

Swap – This is currently operating in beta mode. When fully functional, it will offer fiat onboarding and a self-maintained liquidity provider (LP) pool that will be essential in exchange token swaps.

Staking – In crypto, staking is the locking of a portion of digital assets to support the validation and verification of transactions on a [Proof-of-Stake](/news/article/pos-vs-pow) (PoS) network. ENH is the ecosystem's base currency, and holders that engage in staking could be rewarded with decent periodic rewards.

Energy – While some crypto mining is done via hydroelectricity, this sector will primarily focus on using solar energy in the mining operation of cryptocurrencies.

Blueprint – This segment has been reserved for crypto brands that will partner with the project so that they will be able to thrive and survive in an ever-growing industry where billions of funds exchange hands daily. 

## Will ENH explode?

With potential partnerships in the pipeline, [staking](/news/article/what-is-staking-crypto), and the adoption of Enhance token as a transactional currency, the token could be among digital assets that bring investors decent gains within a short time.


Will Enhance Token Explode? 

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?

Before we examine USDC vs USDT, we need to understand what stablecoins are and how they operate.

Every cryptocurrency token has a level of volatility, from Bitcoin to Shiba Inu. Cryptocurrencies are susceptible to both exhilarating price increases and sudden, precipitous declines in the same way that traditional assets are.

Stablecoins have emerged as a reliable method for investors to keep their money in the cryptocurrency ecosystem despite the wild price swings that have been occurring recently.

Stablecoins, coins pegged to a real-world asset, most commonly a fiat currency, offer protection against the price volatility to which other coins are prone. Both USD Coin (USDC) and Tether (USDT), pegged to the US dollar, have emerged as the most prominent stablecoins.

They have maintained their position at the forefront of the market and can be found in the most important cryptocurrency exchanges, wallets, and applications. It is helpful to have an understanding of how each stablecoin operates before making a decision regarding which one is the most suitable for your requirements.

#What are stablecoins

A cryptocurrency whose value is backed by an external asset, such as the US dollar, is known as a stablecoin. For a significant portion of their early existence, Bitcoin and other early cryptocurrencies could only be traded for other cryptos or traditional currencies.

If you wanted to trade your coins for something else, there was no mechanism for holders of cryptocurrencies to switch to a fiat-backed asset without first leaving the ecosystem of cryptocurrencies entirely. Stablecoins are what made this possible in the first place. 

Stablecoins [are utilized by many crypto traders](https://www.moonpay.com/learn/cryptocurrency/what-is-the-difference-between-usdt-and-usdc) so that they may continue to participate in the ecosystem by keeping an asset that maintains its value. You may swap them whenever you want, 24 hours a day, without going to your bank to withdraw cash first.

Bitcoin was designed to be less volatile than other digital currencies. As long as the backing ratio is accurate, the value of these tokens will never change and will always remain the same.

#Why are so many stablecoins pegged to the USD?

The most widely used stablecoins in circulation today are USDT and USDC, with market capitalizations in the multi-billion dollar range. However, they are not the only ones doing this.

Binance has its stablecoin, known as BUSD, and Dai, also known as DAI, is a cryptocurrency built on Ethereum and developed to operate only on those networks. Both of these coins will always be worth $1, just like USDC vs USDT, but it does not mean they are interchangeable. The coin you choose to buy will depend on the blockchain and applications with which you intend to engage.

In 2014, Tether Limited of Hong Kong became the first company to produce USDT to bridge the gap between cryptocurrencies and fiat currencies. Tether provided users with access, for the very first time, to a platform-agnostic, blockchain-based US dollar that held many of the technical advantages of Bitcoin, Ethereum, and other crypto assets, including their high liquidity but none of their volatility.

This was made possible by Tether's use of the Ethereum blockchain. Tether has built a permissionless mechanism to send crypto-dollars to anyone with speed, transparency, and a low cost. This opens up the use case of cryptocurrencies to include remittances, payments, and more. Tether has accomplished this by tapping into the best of both worlds.

As soon as it was made available to the public, hundreds of cryptocurrency trading pairs began listing against USDT, providing the token with an early mover advantage in the market for stablecoins. There are 74.7 billion USDT tokens circulating across the most important blockchains, including Bitcoin, Ethereum, EOS, Algorand, Tron, and many more.

It is possible to buy or trade for hundreds of different cryptocurrencies using USDT on cryptocurrency exchanges, making it the most popular trading pair in the crypto market. Anyone can use USDT to conduct transactions that are not only inexpensive but also speedy, and they can earn interest on decentralized financial protocols.

It also provides a method for businesses to accept cryptocurrency payments denominated in fiat money, allowing them to do so without assuming the market risk typically associated with accepting payments in the form of more volatile cryptocurrencies.

USDT has maintained a position among the top five cryptocurrencies regarding market capitalization and trade volume, frequently surpassing the daily trades conducted in Bitcoin.

## Stability of the USDC vs USDT

Because of how USDT was developed, its dollar value will almost always remain constant at $1. Although there is a remote possibility that the price could shift by a few cents here and there, the market tends to quickly correct itself to back to its original $1 price point.

Coinbase and Circle collaborated in 2018 to create the stable cryptocurrency USDC. Its price, pegged at $1 and not adjusted, is the same as that of USDT and any other token backed by USD. The Centre Consortium oversees the technical and financial standards for the stablecoin and ensures transparency surrounding a true 1-to-1 backing.

The Centre Consortium is also in charge of the governance of the coin. This indicates that $1 and other cash equivalents are kept in reserve for every created USDC.

A supply of 34.6 billion USDC is circulating, while an equal monetary amount is held in reserve. To facilitate the expansion of the USDC ecosystem, Circle has made it possible for Circle's licensed and regulated financial institutions to become Circle members and issue USDC tokens. 
You may buy or trade USDC on [virtually all leading cryptocurrency exchanges and providers](/news/article/crypto-exchange-gemini-cuts-staff). Similar to USDT, USD Coin can be sent and received by any wallet or exchange compatible with the ERC-20 standard used by Ethereum.

USDC vs USDT: Understanding the Stablecoins

[Calyx](https://calyx-token.io/other/litepaper.pdf) is not yet a cryptocurrency. The token is still in its presale stage, so it cannot be discovered on credible price listing websites, nor can you get a price forecast anywhere. However, Calyx is on track to become a full-fledged cryptocurrency shortly.

Calyx is meant to be permissionless. This means that two separate users can carry out a transaction without requiring the consent of a network central authority figure.

## Calyx token - Concept of decentralisation

Calyx is meant to be a [liquidity protocol ](https://www.gemini.com/cryptopedia/what-is-a-liquidity-pool-crypto-market-liquidity)for what it will do, indicating that it is compatible with liquidity pools. These are pools of cryptocurrencies managed by [smart contracts](/news/article/smart-contracts-blockchain) - computer programmes that execute automatically when specific criteria are satisfied and are used to facilitate trading on a decentralised exchange (DEX).

A decentralised exchange is a cryptocurrency exchange that, rather than having an organisation in charge of deciding which coins and [tokens](/news/article/drip-token) can and cannot be listed, lets users buy, sell, and trade whatever tokens they choose.

## Calyx token - Removal of the exchange element

One of the possible challenges with DEXes is that it can be difficult to work with tokens and currencies that do not exist on the blockchain on which the DEX is built.

Calyx intends to address this issue. Typically, users who do not have access to the native token of a network or DApp must resort to exchanging and acquiring some tokens before they can participate. This makes the entire process time-consuming and expensive, according to the whitepaper.

However, with a very intuitive and lightweight CalyxSwap, requirements for this procedure will be eliminated by allowing users to quickly swap between tokens in a single transaction at the best rates available across all pooled liquidity sources (DEXs).

Users will not need to establish an account or register on Calyx to participate in this simple process of exchanging their existing tokens for the token of the network or DApp they like. For now, the token exchange will be carried out via the Ethereum blockchain for transparent transactions. The development roadmap includes plans to expand support for other commonly used blockchain networks.

## Calyx token - What is it

CLX is a token rather than a coin because it is based on the Ethereum blockchain. Everyone will hear allusions to the Calyx currency at this early stage. It has the same meaning. Calyx token (CLX) has the same crypto ticker as Celeum, CargoLink, Coin Clix, and Consistency Labs, which needs to be clarified. It will be critical to avoid becoming confused when Calyx hits the open market. However, if users see CLX on any exchange, it is not the Calyx token.

## Calyx token - How it will work

Calyx, like most other blockchain networks, will have a token. Calyx token (CLX) will be used to help operate the system, with cryptocurrency holders able to vote on network changes.

Holders can also stake the token in exchange for incentives, effectively earning interest on their cryptocurrency. CLX will collect fees from traders, exchanges, currencies, and tokens in the system.

To keep the price of Calyx stable, a fixed amount of CLX received in fees will be burnt at unspecified periods. CLX will have a maximum supply of one trillion units.

## Calyx website

The Calyx website is promoting the third stage of its presale, which was supposed to finish on 4 July, 2022. A potential investor could be concerned about the site being two days out of date, which could be resolved at any moment.

A roadmap for the system and the coin is available on the website. It plans to deploy its main net this year, build a DEX aggregation algorithm, provide support for cross-chain transactions, create a trader dashboard, and establish its digital autonomous organisation (DAO) before the end of the year.

The identities of Calyx's founders are not included on the website or anywhere else. While this is not uncommon in the crypto world, anyone conducting due diligence on an unpublished coin should keep this in mind.

CLX's presale price is on the site as $0.0007. It is usual for newly released cryptocurrencies to have volatile pricing. Another question is how long CLX will remain at that price once it can succumb to market forces. Since the cryptocurrency market is now bearish, there is a good chance that CLX will fall before rising.

Some less reputable crypto sites are pushing CLX as the closest thing to a sure thing in crypto. Many websites are eager to produce paid articles supporting specific cryptocurrencies not governed by compliance regulations.

Remember that other cryptocurrencies, like PI, have been marketed for an extended period without making it to the market. Furthermore, there are no named founders for CLX, which

may put some people off if they want someone to hold them accountable for a cryptocurrency that has yet to trade.

As with any cryptocurrency, users must use caution. Prices can fall and rise, so users should only invest an amount that they can afford to lose.

Calyx Token: Worth the Wait?

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 

[FLOKI](https://coinmarketcap.com/currencies/floki-inu/), the novel token of the Floki ecosystem, has spiked by approximately 390% since the start of 2023, data from cryptocurrency price tracker CoinMarketCap showed.

The cryptocurrency has benefited extensively from the [crypto](/news/article/uk-crypto-atm-raided-by-financial-regulator) market's rebound this year after the entire sector plunged to new lows on the back of a bearish outlook in 2022 that saw many firms reduce their headcounts. 

While some analysts have attributed the price spike to industry-wide gains, the increase in the [token's](/news/article/robotera-metaverse-token-presale) value is largely down to accomplishing milestones and setting up new ones.

## Floki price jumping as a result of the roadmap 

On 21 February, the crypto company published its [roadmap](https://realflokiinu.medium.com/floki-2023-roadmap-8532b29ad63b) for the year. While the first phase, which featured the launch of the project’s shop, a partnership with Binance Pay, an upgrade of the Valhalla Website, the development of a Chinese Whitepaper, and a partnership with Pyth Network has been completed, other developments are still in progress.

These milestones include the launch of the crypto asset on the OKX chain (which also houses the well-known cryptocurrency exchange OKX), integration with decentralized finance (DeFi) lending and borrowing protocols, the first major upgrade of Floki Finance, and the first phase of staking.

The second phase of staking, the redesign of Floki Finance, and the release of the Debit Card will come off in phase two, while Floki Finance Project TL and University of Floki (phase three) and Valhalla Mainnet launch, Valhalla Chinese Version, and the project's Mystery Project will follow accordingly in phase four.

In crypto, prices are normally driven by the adoption of a cryptocurrency by a mainstream company as a payment method, the addition of a coin or token by a major exchange, and the provision of staking services, which brings passive income to traders and investors.

Since the digital currency has triggered two of the three price drivers (staking and exchange listing), it explains why it reached a yearly high of $0.00006684 on 16 February. 

## FLOKI price gains dwarf Shiba [Inu](/news/article/akita-inu-coin) and Dogecoin

While Dogecoin (DOGE) and Shiba Inu ([SHIB](https://coinmarketcap.com/currencies/shiba-inu/historical-data/)) continue to dominate the meme-inspired digital currency sector of the crypto economy, their gains are smaller than the coin named after [Elon Musk’s](/news/article/elon-musk-twitter-dogecoin) pet. 

While FLOKI holders have seen their portfolios rise more than three-fold, (SHIB) has increased by 8% while [DOGE](https://coinmarketcap.com/currencies/dogecoin/) has gone up by 20% since 1 January.


price chart in green with the floki inu logo of a dog and helmet on

Floki Price Jumps More than 300% Year-to-Date 

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? 

Considering that cryptocurrency investments offer a high potential for good returns, investors are always on the lookout for the next rising star. The unique features of Catecoin (CATE), a cat-themed coin, have made it a potential candidate that's recently attracted much attention due to its growth potential.

## What is Catecoin?  

Created on the Binance Smart Chain, Catecoin (CATE) is a decentralized meme-based utility token with unique features making it a serious competitor to rival meme-based coins like [Dogecoin](/news/article/is-doge-going-up) (DOGE) and [Shiba Inu](/news/article/shiba-inu-coin-burn) (SHIB).

According to its creators, CATE is a token for meme creators, launched to enable them to "create and earn with their memes" on a decentralized platform. By serving users' entertainment needs, CATE is becoming a popular way for cryptocurrency enthusiasts to earn money from playing online games or creating memes.    

## Why invest in Catecoin?

The cat-themed utility coin surprised many investors as the 2022 crypto bear market negatively affected more than 50% of leading crypto names and altcoins with its performance. This saw an influx of institutional investors catapulted by early gains from Dogecoin, Shiba Inu, and other animal-themed tokens. 

Reasons that CATE made an ideal choice for investors include: 
Passive income potential: CATE holders can earn up to 15% ROI when they [stake](/news/article/crypto-lending) the token for at least 31 days, which is higher than other meme coins. You also earn 2% on all transactions made through the Catecoin wallet, making it attractive to individual and institutional investors seeking a passive income stream.      

A Dynamic roadmap: Unlike other meme coins that are merely copycats of other successful projects, the token seems focused on a long-term roadmap that includes diverse projects, including the “Rise of Cats” (a [play-to-earn NFT game](/news/article/play-to-earn) where players earn CATE tokens), a dedicated crypto wallet, and a staking program. 

High-profile branding: The project reportedly injected a whopping $300,000 into buying and branding the Catecoin.com website aiming to develop a high-profile brand name and quickly become the most significant meme coin in the crypto sphere.  

Exceptional cat-themed targeting: Most meme coins that attempted to imitate the surprise success of Dogecoin only ended up preying on their investors. However, as the world’s first cat-themed meme coin, the CATE token is already showing the potential to become a unique token in the next crypto bull run. 

## How and where to buy Catecoin 

CATE became tradable on 9 May, 2021, with an initial total supply of 100,000,000,000,000 tokens. According to [CoinMarketCap](https://coinmarketcap.com/currencies/catecoin/markets/), its market capitalization is $968,306,695,447, while the current price is $0.000000516 at the time of writing.

The token is listed in numerous crypto exchanges, and you need some Bitcoin (BTC), Ether (ETH), or Tether (USDT).

The easiest way to buy Catecoin is by using funds from your bank through a simple two-step process. Buy some crypto – BTC, ETH, or USDT – from a cryptocurrency exchange accepting deposits via a bank account or a credit/debit card.

Once you receive your newly bought crypto, transfer it to a marketplace that sells CATE for BTC, ETH, or USDT.

STEP #1: Sign up and buy BTC, ETH, or USDT from your preferred crypto exchange     
 
STEP #2: Transfer the BTC, ETH, or USDT you just bought from your cryptocurrency wallet to [an exchange](https://www.coingecko.com/en/coins/catecoin) that sells CATE. 

## Is it an excellent token to hold and trade?

With its enhanced usability offering users the potential to earn passive income, enjoy blockchain gaming, and become an NFT creator, CATE has cut a niche for itself as a token offering a riot of attractive incentives. A token that employs the deflationary tokenomics model, meaning its supply is capped at 100 trillion, can only increase in value over time.

For potential investors, Catecoin has become the most formidable competitor yet [for billionaire Elon Musk’s favorite](/news/article/doge-crypto-elon-musk), Dogecoin, and is already showing a high-growth potential which only adds to its legitimacy adding curiosity about its future offerings.


Catecoin: All About $CATE Token 

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 

The [Freeway](https://freeway.io/) network and token foundation is based on the concept of creating a financial system that is more beneficial for all. It aims to revolutionise how finance is traditionally handled and make it significantly more rewarding.

Recognising that traditional finance methods did not prioritise incentives, Freeway set out to create a new approach utilising the capabilities of blockchain technology and the collective power of individuals. It strives to provide greater accessibility, autonomy, and incentives for all individuals, regardless of location or income level.

## Freeway Token price update

Currently, the [Freeway](/news/article/freeway-crypto-halts) Token (FWT) price is $0.004507 and its trading volume over the past 24 hours is $135,768. This token serves as a useful tool within the rapidly expanding Freeway ecosystem. By holding FWT on the Freeway platform, users can gain additional incentives on the products.

Additionally, staking FWT allows for even more reward opportunities. To purchase this token at its current value, the most popular cryptocurrency exchanges are PancakeSwap and Uniswap.

## What to expect from a Freeway Spend account

This account will provide you with standard banking services and offer increased incentives for your daily expenses. The banking services offered include convenient bank transfers for making deposits and withdrawals, a virtual [debit card](/news/article/ledger-crypto-wallet) for daily purchases, and generous rewards for everyday spending.

## How could you earn from Freeway Token?

As per the company website, by staking FWT, you have the potential to earn annual rewards of up to 30% (estimated). Please note that the actual rewards may fluctuate as the reward pools have various factors that can affect the outcome. The estimated range for annual remuneration is between 15-30%.

You can significantly boost your annual rewards on Superchargers with FWT. By holding a balance of their token equal to or greater than 5% of your overall balance, you will be able to earn an additional 10% in annual rewards on your Superchargers. This means you can earn rewards on your Superchargers through the regular rewards program and earn an additional 10% on top of that through holding FWT. This can greatly enhance your overall returns and make your Superchargers even more valuable.

FWT will ensure the stability and security of the Layer 1 Freeway chain through user staking and delegating to node validators. Both users and validators will benefit from staking rewards pools and gas fees generated by the Chain.

## How to stake Freeway Token

To start staking, simply purchase or deposit your tokens and click the stake button. This will earn you estimated annual rewards of up to 30% for 30 days. At the end of this period, your FWT will automatically unstake. To continue earning rewards, just hit the stake button again and start a new 30-day period. During your 30-day staking period, you have the option to reset it and begin the 30 days anew. However, it is not possible to unstake or withdraw your FWT until the 30-day period has ended.

Furthermore, the benefits continue as your daily rewards for staking FWT are deposited into the Supercharger of your choice, allowing your rewards to earn additional bonuses as well. The simplest method of obtaining FWT at its current market value is through Freeway. Additionally, FWT can also be purchased on several other exchanges, including Uniswap, AscendEX, BitGlobal, and PancakeSwap.

## Why wait before betting on the Freeway Token?

In response to significant market fluctuations, this company has halted its services. The platform stated on its website that it is taking steps to diversify its assets to manage potential future market volatility and secure its ecosystem's long-term stability and success.

The company indicated that Freeway users might have to endure a prolonged period of uncertainty, stating that they will not provide further comments until the ongoing process has been completed. 

According to CoinMarketCap, the Freeway Token (FWT) experienced a decline of 79% from 22 October to 25 October. On 22 October, the FWT was valued at $0.007405, but by 25 October, it had dropped to $0.001535.

Even today, Freeway is not accepting new customer accounts for Superchargers. You'll find a pop-up on its website stating that additional information will be provided in the near future.


Freeway Token: What's Going On?

[Doge Dash](https://www.hello.one/arcade/dogedash) is an ecosystem that combines both [play-to-earn](/news/article/free-play-to-earn-games) gaming and non-fungible tokens (NFTs). It is built on the Binance Smart Chain (BSC) and allows users to earn rewards through gameplay.

The ecosystem features various games, NFTs, merchandise, and staking options, using a familiar arcade style to attract a wide audience to the cryptocurrency world. The game includes ten levels with increasing difficulty to reach a doghouse in a world filled with obstacles and enemies.

Upon completion of the game, players receive coins in their cryptocurrency wallet, which can be traded immediately.

Additionally, players can choose from a list of NFTs as skins for the game, providing unique superpowers and access to exclusive events. DOGEDASH is the native currency and utility token of the ecosystem, which can be used to purchase lives or earned as rewards.

DOGEDASH has a cap of 100 billion tokens, which is significantly more than the number of tokens in circulation during the game's early stages. This means there is currently an abundance of supply, but that's not all.

It is designed to be a deflationary token, meaning that a portion of the tokens are removed from circulation and burned. Specifically, 3% of DOGEDASH tokens used for bets, NFTs, and merchandise are eliminated this way. Over time, as the supply of DOGEDASH decreases, it will become more scarce and valuable, making it an even more attractive investment opportunity.

The ecosystem also charges a 5% transaction tax, with 3% of the tokens removed from circulation to boost the value of the remaining tokens and the remaining 2% used for marketing and increasing brand awareness.

## What makes Doge Dash unique?

Doge Dash is a unique combination of a video game and the DOGEDASH cryptocurrency token. It can be played online or as an app and features a side-scrolling gameplay style similar to the Super Mario Run game. Players control a cartoon [Doge](/news/article/dogecoin-bridge-explained) character, and the game includes elements such as jumps and obstacles. Additionally, Doge Dash also has a variety of NFTs, which can be used in the game and provide unique powers and access to exclusive events.

One of the critical features of Doge Dash is that it has a small fee of 100 DOGEDASH tokens for each play. The game also has ten levels and distributes 10,000 tokens throughout the game. Upon completion of the game, players receive all the crypto tokens they have collected. However, the game is known to be challenging to finish.

As part of a recent rebrand, Doge Dash has become a part of the HELLO ecosystem. This allows token holders to swap their DOGEDASH tokens for the new HELLO tokens at an equal value.

HELLO aims to be a leading player in the crypto and entertainment industry and has several new projects in the works, such as a new version of Doge Dash called Dash of the Dead and a show called Crypto Cribs.

## What is the future of Doge Dash?

The future of Doge Dash is closely tied to the overall performance of the cryptocurrency market. According to [Priceprediction.net](https://priceprediction.net/en/price-prediction/doge-dash), Doge Dash has an outstanding potential to reach new heights. Its forecasts suggest that the token can hit the price of $0.006 by 2030.

When investing in DOGEDASH, it's crucial to have a clear strategy and evaluate your risk tolerance and financial situation. The token may not be suitable for those with lower risk tolerance, but it can be a worthwhile investment for those who are comfortable with higher levels of risk and have a stable financial position.

Additionally, DOGEDASH offers the potential for speculative gains and provides exposure to a constantly evolving technology and expanding ecosystem.


dogedash logo over picture of gaming setup

DOGEDASH and Doge Dash: The Crypto and the Game

The Luna coin news latest reveals that Do Kwon, the founder of collapsed Luna and TerraUSD tokens, and his company Terraform Labs problems are far from over.

In Singapore, 350 investors impacted by the collapse of UST consequently issued a [lawsuit](https://s.wsj.net/public/resources/documents/221028-HCOC2472022-StatementofClaimdated23.09.2022.pdf) against Kwon seeking [$57 million](https://www.investing.com/news/cryptocurrency-news/do-kwon-faces-57-million-fraud-lawsuit-by-terrausd-investors-2926118) in compensation.

In South Korea, prosecutors have frozen assets worth $92 million affiliated with the Terra tokens. The seized assets were taken from Kernel Labs, a tech firm closely related to Terraform Labs.

South Korean authorities issued an arrest warrant for Do Kwon on charges including fraud and market manipulation. His location is still unknown.

## Luna coin's history

Before looking at the Luna coin news latest, let's take a look back. The coin’s history begins in 2019 when it was launched by Terraform Labs, a company founded by Do Kwon and Daniel Shin.

It was created to be the native token of the Terra blockchain. It had several use cases in the Terra network. Holders could use it as a method of payment and vote on network changes. It could also be staked for staking rewards.

It entered the crypto market worth $1.31. A year later, its value was still below $10. However, things would quickly take a turn for the better in 2021.

On 4 October, after the launch of the Columbus-5 Mainnet upgrade, it reached its first all-time high of $49.45. On 27 December, it recorded its highest value of the year, trading at $103.33 per coin.

It began 2022 on a high note reaching a new all-time high of $119.18 on 5 April. However, it would suffer a substantial loss on 6 May, dropping to trade at $82.94 per coin. By 13 May, it had fallen to trading at an all-time low of $0.00001675.

May marked the end of the cryptocurrency, once one of the most successful decentralized finance coins. It was a coin that had been ranked as the seventh largest cryptocurrency by market capitalization by Coinmarketcap.

## TerraUSD (UST)

[TerraUSD](/news/article/terra-usd) was a stablecoin operating on the Terra blockchain. Unlike other stablecoins, it was an algorithmic stablecoin that used LUNA coin to maintain its peg to the US dollar. It was not backed by an actual dollar, but by an algorithmic stablecoin.

UST coins were created by burning LUNA coins. They could also be swapped for LUNA. How the two coins worked was if the value of UST went above $1, the equivalent value of LUNA would be burnt, therefore minting more UST, making it less valuable. However, if the price of UST dropped below $1, they would be swapped for LUNA, making UST valuable. The two coins relied on each other for stability.

The relationship between the two cryptocurrencies had them both crashing when UST lost its peg to the US dollar.

## The market crash

On 7 May, 2022, more than $2 billion worth of UST was unstaked from the Anchor protocol, a decentralized money market built on the Terra blockchain. Hundreds of millions worth of the unstaked stablecoin was later quickly liquidated. This resulted in UST dropping in price from $1 to $0.91.

Once the huge amount of UST had been offloaded, the stablecoin started to depeg. Investors started to panic, and many of them sold off their UST, resulting in the minting of more LUNA coins, increasing its public circulation.

## After the crash

The UST crash had a devastating effect on the crypto market. The price of Bitcoin fell to $26,000, down 60% from its November 2021 peak. Ether, the second largest cryptocurrency, lost 30% of its value. Coinbase, one of the largest crypto exchanges, reported a loss of $430 million in its first quarter.

Do Kwon, the Chief Executive of Terraform Labs, tried to salvage the situation by proposing a burn of UST via a tweet on 11 May, 2022. The community passed the proposal, but the burning was not a success. It attempted to burn more UST than existed.

On 13 May, Do Kwon proposed another plan to create a new blockchain and leave behind the failed stablecoin. The community accepted the plan, resulting in a new blockchain and cryptocurrency called Terra 2.0 and Luna 2.0.

## LUNA 2.0

It is a new version of the old LUNA coin. It lives on the new Terra 2.0 blockchain and was created to compensate those who suffered heavy financial losses after the TerraUSD crash. It also provided a way for the Terra network to try and recover from the devastating market crash.

The token was released to the public on 28 May, 2022. It started trading at an impressive price of $18.98 and briefly spiked to $19.45 within the first hour of trading. However, by the end of May, it dropped to trading at $8.88. For the rest of the year, it traded between $2 and $1.

It began 2023 worth $1.26, and is currently trading at $2.09. According to [Coinmarketcap](https://coinmarketcap.com/currencies/terra-luna-v2/), it is the 93rd largest cryptocurrency by market cap, valued at $305,627,338. 

The coins have a max supply cap of a billion coins. There are currently 202,010,814 of them in public circulation. They have already been listed on several crypto exchanges for purchase, including Binance, KuCoin, and Crypto.com.

LUNA 2.0 differs from its predecessor in that it does not rely on any stablecoin, algorithmic or not, for stability.

## Luna Classic (LUNC)

[LUNC](/news/article/luna-classic-news-future) is the old Terra blockchain's native token. The blockchain is now called Terra Classic. The token maintains all the properties of the original Terra Luna coin.

After the hard fork, LUNC began trading at $0.0001206 per coin. By the end of May, it was worth $0.0001147. By mid-June, it dropped to trading at $0.00006177. Once in a while, it made some slight price appreciation but not enough to warrant attention. It ended 2022 worth $0.0001452.

It began 2023 worth $0.0001451. It is currently worth $0.0001852. According to [Coinmarketcap](https://coinmarketcap.com/currencies/terra-luna/), it is the 53rd largest cryptocurrency by market cap, valued at $1,107,506,959.

While many people may have lost faith in the cryptocurrency, it is still listed on several crypto exchanges for those who wish to invest in it. Some places to buy the cryptocurrency include Binance, Bybit, Deepcoin, OKX, and Bitrue. The coin has a max supply cap of more than six trillion.

## LUNA 2.0 and LUNC compared

So far, LUNC and LUNA 2.0 are doing pretty well price-wise. The coins are on a positive trajectory, and some investors are a little optimistic about them.

However, Luna coin news latest reveals that LUNC is doing much better than its new version. LUNC price performance has been doing well because of the recent burn.

The LUNC burn is a move that was passed by the coin’s community to try and save its ecosystem and restore its price.

The new Terra Classic blockchain where LUNC lives has a unique coin burn feature designed to reduce the circulating supply of LUNC tokens while increasing their value.

The LUNC burn mechanism automatically burns tokens whenever a transaction takes place on the Terra Classic network. Tokens burned are relative to the number of tokens in circulation, ensuring that the total supply of LUNC tokens is constantly decreasing, which helps with increasing their value over time.

Binance, one of the largest crypto exchanges, is also implementing the LUNC burn mechanism on trades facilitated by it. The exchange has committed to carrying out LUNC burns monthly. So far, the exchange has burned close to 14 billion LUNC tokens.

The Terra Classic community has burned more than 26 billion LUNC tokens. In the last two weeks, as of writing, the community has burned close to 20 million LUNC tokens. Unlike Binance, which executes the burns monthly, the Terra Classic community carries out the burns weekly.

The continued burn of LUNC tokens has not only increased the number of investors buying them but interest in them too. This is why their price has been surging. More than 40 billion LUNC tokens have been burned so far.

LUNC tokens also outshine the new version with a strong community. The token might have rebranded, but it still is supported by a strong community. Its large network of stakeholders continues to go to great lengths to keep it afloat and hopefully get it back to its former glory.

## LUNA 2.0's future

Since its launch, few people have been hopeful about the new Terra token. Several financial analysts have been quite vocal about its quick death and deterring investors from considering adding it to their crypto portfolio.

Founder and CEO of Quantum Economics Mati Greenspan, for example, when asked about the coin's future, stated that it was never meant to live long.

According to Greenspan, the coin was created for a few investors who had heavily invested in its collapsed version as a way to recover some of their losses at the expense of new money coming from the hype. He added that he didn’t see any reason for the coin’s price to ever go up.

Khaleelulla Baig, founder and CEO of Koinbasket, backed up Greenspan's statement by saying the coin had no future because its founder Do Kwon had lost credibility. The project had lost credibility because Do Kwon didn’t build firewalls around the algorithms even when they had an opportunity to do so.

The two are not the only ones who predicted a dismal future for LUNA 2.0 back in 2022. The cryptocurrency has been through a lot. It is obvious why many people would be wary of it and even predict its quick demise.

However, considering Luna coin news latest, it isn’t performing as badly as many thought it would be. Compared to other cryptocurrencies that have been around longer, it is doing considerably well. While its future is hard to predict, it is worth keeping an eye on.


green image of altcoins with LUNA token in the centre

LUNA Coin Latest News

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?

According to Shibburn on Twitter, there have been 17,434,272 [$SHIB](https://twitter.com/search?q=$SHIB&src=cashtag_click) tokens burnt and eight transactions in the past 24 hours. Burning $SHIB lowers its circulating supply while allowing users to earn passive money.

## Shibburn portal

Anyone can use the ShibaBurn [interface](https://burn.shibaswap.com/) to send their [SHIB](/news/article/shiba-inu-coin-burn) tokens to a remote crypto wallet address, the specifics of which will not be stored. This implies that once the crypto tokens transmit to this wallet address, they can never be recovered and are thus lost forever. The objective is that with each burn, the wealth of the community rises, rewarding the long-term work to create Shiba Inu, said Shiba Inu creators in a blog post.

## The reward for Shibburn users

The Shiba Inu crypto coin, based on the Ethereum (ETH) network, was created by an anonymous developer named Ryoshi. Using the Ethereum request for comment (ERC) version 20 protocol, he has now generated another token called the RYOSHIS VISION token. 

According to details within the blog article, if you burn SHIB tokens, users will be rewarded with RYOSHI VISION tokens. Furthermore, 0.49% of all RYOSHI transactions will be given to SHIB token owners who have burned their tokens.

## Advantages of burning cryptos 

Like any other financial asset, cryptocurrencies derive their value from the economic rule of demand and supply. If an item is abundant but does not have enough demand, the price will decline, and vice versa. 

Burning SHIB crypto tokens, or any crypto token, should reduce supply and drive the price (assuming its demand stays constant or goes up). 

[Shiba Inu](/news/article/shiba-inu-news-will-it-rise) is now trading at $ 0.0000121 per (SHIB/USD) with a market size of $6.65B. The 24-hour trading volume is $386.13 million.

The coin does not support smart contracts and has no assets behind it. It can, however, it can pass from one user to another.


What is the Shibburn portal?