Cybercriminals use various ways to hide their [misdeeds](/news/article/cryptocurrency-crime-rise), such as masking their transaction history and [laundering money](/news/article/crypto-aml) through cryptocurrencies. Fortunately, investigators are now well-equipped with fraud detection tools and software, including the Bitcoin extractor. 

This article explores what BTC extractors are and how they work to extract addresses from numerous data sources. 

## What is a Bitcoin extractor? 

It is a tool designed to obtain BTC addresses from a string of text or code. Addresses can be extracted from numerous sources, such as text documents, websites, emails, chat logs, and images. The primary function of a BTC address extractor is to locate strings of characters that match the structure of a Bitcoin address.  

Moreover, these scripting tools can work for deducing both public and private keys. These tools can scan any data source and gather crypto addresses from them. After that, they present the output in a CSV file to easily be used to track transactions or recover stolen assets. 

## How does a Bitcoin extractor work? 

These extractors rely on different types of machine-learning algorithms that are trained to detect crypto addresses. Generally, the first stage in gathering BTC addresses is pattern recognition. They get familiar with the alphanumeric structure of a BTC address and look for patterns in them.  

Secondly, the tools thoroughly scan sources to find strings that fit the recognised pattern. The scanning then reveals potential BTC addresses, but there can be some false positives, too.  

Some tools may also run multiple verification checks to ensure that the outcome they provide is a genuine Bitcoin address. The verification process may include performing cryptographic calculations. 

Finally, the extractor compiles the list of all the addresses found in the source data in a CSV file. It also includes the file path where the address was found, along with a globally unique identifier (GUID). Users can then use this list for various purposes, such as verifying transactions, conducting audits, or managing user accounts. 

## What is Nuix Bitcoin Extractor? 

It is a [Bitcoin extractor](https://github.com/Nuix/Bitcoin-Extractor) designed by the UK South West Regional Cyber Crime Unit (SWRCCU). It is one of the most trusted tools for obtaining BTC addresses and public and private keys (xPubs/xPrvs). 

Nuix is a powerful software that relies on the data indexed by Nuix Workstation and can locate help in fraud investigations. 

It is a Ruby script developed for scanning plain texts. However, it can work with varying datasets from cloud storage, smartphones, laptops, or other devices. For pattern recognition, it uses a regular expression method that helps find the hidden addresses in the source data. 

After that, Nuix uses a Python script to validate the output. It can also gather further details like transaction history, wallet balance, and throughput value. Then, it sorts out all the findings and presents them in a CSV format.  

## Why do we need a BTC extractor? 

A BTC key extractor can be used for a wide range of purposes. Here are a few of them: 

1. It can be used for fraud detection as it can detect an address involved in fraud.  
2. Forensics can use it to find an address from retrieved data that may be helpful in asset recovery. 
3. Investigators can use it to track the flow of Bitcoins between different wallets to prevent illegal activities.   
4. You can track your own transactions, which can help manage personal finances.  

## Final thoughts 

A Bitcoin address extractor is a valuable tool that enhances the efficiency of handling Bitcoin addresses. 

Recognising and validating addresses from various sources empowers you to verify transactions, prevent fraud, and ensure accuracy. You can also manage your finances through these tools by keeping track of transactions. 

What is a Bitcoin extractor and how does it work? 

Aptos and Sui are two emerging layer 1 (L1) blockchains with promising efficiency and scalability. However, both differ in terms of their mechanism and architecture. In the Aptos vs. Sui battle, how do you pick the ideal L1 for your blockchain project? 

This article explores the features and potential to determine which holds the upper hand as the ideal L1 blockchain solution. 

## Consensus mechanism 

Although both use different versions of the Proof of Stake (PoS) consensus mechanism, they are still distinct. The first relies on the PoS based on the Byzantine Fault Tolerance (BFT) to enhance security and high-speed transactions. 

In contrast, Sui uses a Delegated PoS (DPoS) mechanism that increases decentralisation and efficiency. Also, it depends on the Narwhal and Bullshark protocol through which it can process transactions in parallel.  

## Privacy and security 

The [Aptos](https://aptoslabs.com/) vs. [Sui](https://sui.io/) comparison shows that both blockchains have similar approaches. Both L1 blockchains rely on the secure smart contract language, Move, for their basic model. The use of this language in both Sui and Aptos makes them safe and transparent. 

Although Move ensures privacy and security, formal third-party audits are still essential. Both Aptos and Sui have ensured it by undergoing audits from different external platforms. 

Aptos has been audited by renowned security firms like Halborn, Certik, OtterSec, and MoveBit. Similarly, Sui is regularly audited by firms like Halborn and Zellic.  

## Scalability 

In terms of scalability, both perform well, but their approaches differ. 

Aptos has a standard modular design, which is easy to customise, giving the network flexibility. Besides, it works with the parallel execution of transaction techniques to maximise the network capacity. It helps in improving the network’s speed and provides scalability.  

On the other hand, Sui has a directed acyclic graph ([DAG](https://en.wikipedia.org/wiki/Directed_acyclic_graph)) design with multiple layers. It relies on sharding techniques to improve its TPS (transactions per second). The blockchain’s structure can split different processes like data storage, consensus, and computation, which inflates overall scalability and efficiency.

## Tokenomics 

At the launch of the Aptos mainnet, 1 billion [APT tokens](/news/article/aptos-crypto-2023-investment) were introduced. Around 82% of this total supply is reserved for PoS contributions. However, Aptos Labs provides the initial token distribution breakdown as follows:  

![Black and white comparison table](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_08_30_at_11_29_21_e6eaa10ac5.png)

In comparison, Sui has provided a clearer overview of its economy via its [whitepaper](https://github.com/MystenLabs/sui/blob/main/doc/paper/tokenomics.pdf?ref=blog.sui.io). The total supply of its native tokens is 10 billion, distributed in five parts. The largest part (50%) is reserved for the community, and the other four elements are divided among early contributors, investors, Mysten Labs treasury, and community access program and app testers. 

![Sui Token Distribution by Sui](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_08_30_at_11_30_15_16008a4d88.png)

## Aptos vs. Sui: Final verdict 

The comparison shows that both L1s offer solid infrastructures for deploying smart contracts. They provide architectures that are scalable, efficient, and secure. 

However, both projects are nascent and have yet to impact the industry. So, it will be crucial to see how the two compete with the L1 giants like [Ethereum](/coins/eth), Solana, and others. 



Aptos vs. Sui: Which is the ideal L1 blockchain? 

The Terra Networks project remains one of the most talked about crypto initiatives. 

While the project was once a dominant force in the decentralized finance sector, it has fallen below others due to the implosion of its algorithmic stablecoin, TerraUSD (UST), in May 2022. 

That resulted in a split of the blockchain, with a new network called [Terra 2.0](/news/article/terra-luna-2-revival-plan) and the Terra Networks original offering referred to as [Terra Classic ](/news/article/luna-classic-price-prediction). 

While many online articles have given a timeline about the implosion of the project and the whereabouts of its co-founder, Do Kwon, we would like to examine the possibilities for Terra Classic. 

Is Terra Classic a good investment, and can the development team behind the protocol revive it to where it was before the collapse that led to billions of dollars in investor money being lost? 

## Terra Network's LUNC: Can the crypto reach $1?  

Terra Classic is denoted by the ticker symbol LUNC. The cryptocurrency reached an all-time high (ATH) price of $119.18 on 5 April, 2022. During the lows borne out of the sale of Terra Networks UST stablecoins, the coin plunged to an all-time low of $0.00001675 on 13 May, 2022. 

This led to a further reduction in its TVL (total value locked). Once trailing only Ethereum in the total amount of money locked into DApps (decentralized applications) on the protocol, it once reached a high of $33 billion in value locked. 

LPs (Liquidity Providers) for DApps such as Anchor, Mirror, Pyton Protocol, Astroport, Mars Protocol, Risk Harbor, Lido, Terraswap, Spectrum Protocol, Aperture Finance, and White Whale lost a combined $60 billion. 

Despite its revival, LUNC was exchanging hands for [$0.00007739 ](https://coinmarketcap.com/currencies/terra-luna/) as of 18:00 UTC on 10 August, 2023. This value has seen many analysts include the coin with the likes of memecoins Pepe Token (PEPE), Shiba Inu (SHIB), and Dogecoin (DOGE) as to whether they have a chance of breaching the $1 milestone.  

Terra Classic can cross $1 if positive market sentiment forces the hands of traders to return to the once much-loved crypto coin. While LUNC has failed to reclaim its glory days, when the minimum daily trading volume was above $100 million, the digital asset has its lowest daily trading volume at $14 million so far in August. This corresponds to a market capitalization of $456 million. 

Aside from market sentiment, which can drive all cryptocurrencies, the project needs to have a strong underlying infrastructure that promises here-and-now products in the non-fungible token (NFT) industry, Metaverse, and a return to having DApps that will contribute to the overall valuation of the coin. 

What’s more, LUNC has become relatively cheaper as it has fallen 99% below its ATH. A $100 investment could see your account credited with around 1.3 million coins.  

Should LUNC test $0.5 in the future, that could result in about $640,000. If it retests $1 again, you could be walking away as a millionaire.  

Despite the controversy, LUNC has rebounded well when it comes to its relationships with cryptocurrency exchanges. After being delisted by most centralized exchanges, the coin has found faith with the likes of Chanpeng Zhao’s Binance, Gate.io, OKX, Huobi Global, Kraken, Crypto.com, and MEXC Global.  

Overall, more than 30 trading platforms support the crypto asset, and it is available in more than 50 markets.  

## Is Terra Networks digital currency a good investment?  

Yes, LUNC is trading for a relatively lower price. While it continues to suffer negative media due to leading the market crash of 2022 (later deepened by Sam Bankman-Fried's FTX), it's a coin that can be considered by low-income traders. 

Potential coin buyers should consistently follow news about the project on crypto portals such as CoinDesk, CoinTelegraph, and others. 

You should also weigh the risks and rewards of buying the coin. All [crypto](/news/article/is-crypto-regulated-across-the-globe) investments are risky, but if the potential rewards of buying LUNC far and wide exceed the risks of investing in the coin, then you can add it to your investment portfolio. 

Can Terra Networks original coin rebound? 

FET crypto has brought multiple percentage gains to many decentralized finance (DeFi) stakeholders. 

The digital asset has achieved this feat due to growing interest in artificial intelligence ([AI](https://zapier.com/blog/best-ai-chatbot/)) chatbots such as ChatGPT, Google Bard, HuggingChat, Zapier, Perplexity, ChatSonic, ChatSpot, and Poe. 

While these AI chatbots continue to simplify the work of individuals and businesses, the primary beneficiaries of the boom have been traders smart enough to recognize the potential of cryptocurrencies supported by AI companies.  

As of 14 August, there are more than one million digital currencies on the market, and several thousand are AI tokens.  

With thousands of cryptos searching for the same number of investors, let us examine if FET crypto is among the best AI tokens currently available on the market. 

## What is FET crypto? 

FET is the native asset of [Fetch.ai](https://coinmarketcap.com/currencies/fetch/), a project that tags itself as a laboratory operating under the AI banner used to build decentralized machine networks that are permissionless and open within the [crypto ](/news/article/is-crypto-dead) economy. 

Launched on Binance in March 2019, the project was founded in 2017. Fetch.ai makes it possible for anyone to access and connect datasets by employing autonomous AI in the execution of tasks by leveraging the protocol’s global data network.  

## What projects does Fetch.ai support? 

Due to its extensive role in the transition to the modern iteration of the internet in Web3, many programs have allied with the project.  

Among them is [Atomix](https://twitter.com/atomix_defi/status/1503671345250549761), a stablecoin yield-generating protocol that allows LPs (liquidity providers) to supply stablecoin and earn above-average periodical yields.  

There is also Mettalex, the DEX (decentralized exchange) that doubles as a derivatives platform for crypto commodities. 

Decentralized exchange [Starfleit](https://starfleit.io/) and decentralized social network [Resonate](https://resonate.social/) are also using the possibilities of the protocol.  

Moreover, [Axim](https://www.axim.ai/), an AI-powered tool that provides data security and analyses siloed data, and [Catena-X Automotive Network](https://catena-x.net/en/), a cloud-based network playing an active role in the automotive value chain, have also partnered with Fetch.ai. 

Lastly, [Co-Learn](https://finance.yahoo.com/news/fetch-ai-launches-first-nft-160408544.html?guccounter=1&guce_referrer=aHR0cHM6Ly91a2Mtd29yZC1lZGl0Lm9mZmljZWFwcHMubGl2ZS5jb20v&guce_referrer_sig=AQAAAHBJ5Jsvid7sg3tMlESTavfGjqARsclxDz9QvhMtZs1skVUFspwZ2kE96rjDaYCUyLqw3Vpr1CFdY0Bl_m7eLEKUNDzGhsAzYKvZBl4cRgPEVQ0i3kGtwvDGsPJ-M58-iNBeTKJafeMuIJwBsoFYyuOCnZIRg2GMdio36mwlOC7Y) is an open collective learning system that makes it easy for users to build a shared MLM (machine-learning model). 

In August 2021, the Colearn Paint Platform was launched. It enabled designers and collectives access to a tool that helps them mint AI-related NFTs (non-fungible tokens). 

## Is FET crypto a good investment? 

From the numerous partnerships made by its parent company which cuts across every sphere of the internet, FET crypto is one of the cryptocurrencies you can assess for your investment portfolio.  

The digital asset has over-performed despite several pullbacks over the past months after it peaked in February. 

On 8 February, the asset reached a yearly high price of $0.6004 after opening the year at [$0.09166](https://coinmarketcap.com/currencies/fetch/historical-data/).  

Holders who bought FET and let go of the token on the day of its peak walked away with 555% gains.  

Investors who continue to hold onto their tokens are still in profit, as the asset remains in the green with more than 100% returns year-to-date (YTD). 

One of the main areas you should consider in choosing a coin is liquidity. Liquidity is expressed in daily trading volume. While trading volume is not talked about much, it plays an integral role in fundamental and technical analysis.  

FET saw at least $10 million in daily trading volume in August. While this is relatively smaller compared to volumes from giants such as Ethereum (ETH) and Bitcoin (BTC), which are in the billions, it is quite impressive, considering millions of coins and tokens are fading away daily. 

The other area is accessibility. You would not want a situation where you buy a cryptocurrency and millions of people do not have the same level of accessibility to include the asset in their portfolios.  

As of 11:00 UTC on 14 August, FET was supported by more than [30](https://coinranking.com/coin/AWma-WzFHmKVQ+fetchai-fet/markets) centralized exchanges such as Binance, [Coinbase](/news/article/coinbase-card) Pro, Kraken, Huobi Global, MEXC Global, and Mandala.  

It was available in more than 60 markets where it is traded against fiat currencies (USD, EUR), [stablecoins](/news/article/stablecoin-issuer-circle-apple-pay) (BUSD, USDT), and other cryptocurrencies such as BTC, Binance Coin (BNB), and Osmosis (OSMO), among others. 

Despite the positives, the virtual asset continues to fall off the rank of the largest big data and AI tokens by market capitalization.  

At one point, FET trailed only The Graph (GRT) and SingularityNET (AGIX). Unfortunately, others in the big data and AI token sector, such as Injective (INJ), Render Token (RNDR), Akash Network (AKT), Oasis Network (ROSE), and Ocean Protocol (OCEAN), have leapfrogged the token in recent months. 

![coin data](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_08_29_at_15_01_33_512386c3f1.png)

This is due to the infinite competition that continues to grip all aspects of the market. As a result, you should do extensive research about the products supporting the cryptocurrency. 

While FET is a good token, it is not the best but among the must-have digital assets for your portfolio, for now. 

Is FET crypto the best AI token on the market? 

Blackberry Inu (BKBY) is a newly launched [meme coin](/news/article/meme-coins) in crypto. Like [DOGE](/coins/doge) and SHIB, these coins also aim to introduce a community-driven platform through which all members can earn rewards. The project is deployed on Ethereum and offers around 100 million tokens. 

This article will explore the new meme coin project and uncover its potential. So, let's find out!  

## What is Blackberry Inu? 

BKBY plans to build an ecosystem like other meme coins with an incentive-based system. It allows you to hold tokens and earn rewards based on the duration you hold them. The [Shiba Inu token](/news/article/shiba-inu-crypto) will also play a vital role in its rewarding program.  

The project is focused on developing a completely decentralised platform that puts the community at the centre. It is also dedicated to mitigating the risk of data leaks in most centralised platforms. Apart from that, the token will likely have several real-world uses, so users can purchase goods and services with it.  

## Blackberry Inu price and tokenomics 

It is still a very new project and has yet to be listed on any major exchanges. Although it gained some traction recently, its price has[ still been volatile](https://www.livecoinwatch.com/price/BlackberryInu-BKBY). 

The tokenomics of BKBY is designed to encourage holders to stake their tokens and play a role in the community. The total supply of these tokens is 100 million, of which 50% will be burned at the launch. Meanwhile, the transaction fee on the platform is 8%. Half the fee is distributed among token holders, while the other half is added to the liquidity pool. Overall, the BKBY tokenomics is designed to boost community participation. 

## Is BKBY coin a good investment? 

It is a recently developed project not listed on any trusted exchanges. Besides, the project's official website isn’t active, and there is no other source to verify the information. 

In addition, there is a lack of clarity regarding its tokenomics and rewarding system as to how it will use the Shiba Inu tokens. Therefore, the future of BKBY seems uncertain right now, so carry out proper research before investing any amount. 

Exploring the Blackberry Inu ecosystem

This article is a B[itcoin Era](https://bitcoinera.app/) review, examining the robotic crypto trading system that has left many wary about its legitimacy. 

Crypto trading has recently become a prevalent way of generating passive income. Due to this, many platforms have emerged that use advanced algorithms and artificial intelligence to assist investors in trading. However, it is never risk-free to trade crypto, particularly on these platforms. Therefore, it is advisable to be careful while dealing with such trading forums.  

Let's delve to find out whether Bitcoin Era is a safe option to trade cryptocurrencies or not. 

## Bitcoin Era review: What is it? 

Bitcoin Era is a trading bot for cryptocurrencies that claims to use advanced AI algorithms to automate trades. It allows the traders to develop a simple[ crypto trading strategy](/news/article/simple-cryptocurrency-trading) that requires minimal observation and follow-ups. It is a web-based platform that can make trades on your behalf, so you do not constantly have to monitor market trends. 

According to the website, investors can buy or sell more than 15 coins, including popular ones like[ Bitcoin](/coins/btc), [Ethereum](/coins/eth), [Ripple](/coins/xrp), and [Litecoin](/coins/ltc). It also gives you four options for fiat currencies: USD, GBP, JPY, and Euro.  

It does not cost you to set up an account on Bitcoin Era. Still, you need a minimum deposit of $250 to start automated trading. Meanwhile, the trading web app only charges a trading fee of 2%, and there are no fees for withdrawals and deposits.  

The website maintains that the investors using its unique services have a success rate of around 85%. However, this claim is not backed by any sources or independent Bitcoin Era review. Therefore, the legitimacy of the platform remains in doubt. 

## Bitcoin Era review: Pros and cons 

Now, let's look at some of the pros and cons in our Bitcoin Era review. 

### Pros 

- Easy-to-navigate interface. 

- Supports buying and selling of multiple assets. 

- Offers demo accounts. 

- No deposit or withdrawal fees. 

### Cons 

- Unverifiable claims of success rates. 

- Lack of positive reviews for the platform. 

- The initial deposit amount is relatively higher. 

## Which features does Bitcoin Era offer? 

Here are the main features that the web app claims to offer to its clients: 

### Intuitive interface 

The web app asserts that it provides an easy-to-use interface to make trades. The automated trading feature creates further ease for investors as they can start with virtual assets without prior knowledge.  

### Multi-asset trading 

The trading forum also supports around 15 cryptocurrencies, including the leading ones like BTC, ETH, ADA, and DASH. It lets you build a diverse portfolio of all the popular coins in the market. 

### Options for both manual and automated trades 

The platform is known for its copy or automated crypto trading services. It holds that its AI-based trading services can make up to 85% of investor profits. Nevertheless, this tall claim is not supported by any data.  

It also allows you to trade manually based on your own market insights. You can even use the forum to educate yourself about market trends. It offers real-time market analytics that makes [crypto investing strategies ](/news/article/crypto-invest-strategy)even for beginners. 

### Demo accounts to gain experience 

You can have a demo account if you are a novice trader and need more confidence about entering the real market. You can avail yourself of this free service by registering on the platform. 

The demo account enables you to hone your skills and gain knowledge about how the crypto market works. A demonstration account can also be useful for seasoned traders as they may test their different trading strategies. 

### Minimal fees 

The platform also claims to have a no-fee policy. It does not charge any fee for creating an account. Similarly, no additional charges exist for withdrawing or depositing money in your account. It only charges a trading fee of 2% of the amount you transfer or receive. However, the Bitcoin Era app does require an upfront deposit of at least $250.  

### Swift registration process 

The cryptocurrency exchange forum has a swift registration process. Even though it follows the Know Your Customer (KYC) requirements, the signup procedure is instant. You only need to provide basic personal details and can get started on the platform. 

## Bitcoin Era review: Is it a scam? 

A review of the web app suggests that it is an automated cryptocurrency trading system that offers advanced market insights. It caters to seasoned and novice traders by offering automated and manual trades. Besides, it seems an inexpensive option as it does not charge any fees for registration, withdrawals, or deposits. Plus, you will have enough cryptocurrencies to diversify your portfolio with options ranging from Bitcoin to Binance Coin.  

However, what makes one suspicious about the platform is its exaggerated claims and marketing tactics. For instance, its claim of 85% profit seems grossly inflated as it is not substantiated with data. Moreover, only a few independent reviews support these claims. As a result, the entire image of the platform becomes dubious. 

## Final verdict 

Although there are no direct signs of a scam, it provides misleading information. This is what makes such platforms quite risky. So, considering the Bitcoin Era as an investment opportunity, it's crucial to be aware of the risks involved. Ensure to follow a robust risk management strategy and carry out thorough research. 

Bitcoin Era review: Is it a legit trading platform? 

To short a crypto, such as Bitcoin, refers to the process of borrowing and selling a cryptocurrency with the hope that its price will decrease in the future. 

It allows one to buy the asset at even lower prices later to gain profits. It is a profitable short-term investment plan that involves higher risks. 

However, you do not have to deal with individual cryptocurrencies for shorting. Instead, you can invest in derivatives such as [21Shares Short Bitcoin ETP](https://21shares.com/product/SBTC). It is an exchange-traded product (ETP) that enables you to get daily inverse profits. Let's find out what it is and how it works. 

## What does it mean to short Bitcoin?  

Before we move on to 21Shares short BTC, let's first discuss what exactly shorting BTC is. Shorting is a technique that enables you to make daily profits when the BTC price is depreciating. This way, you can make gains even when market conditions are tough. 

It is a way of leveraging the dipping price of the coin by getting inverse profits. It means you can sell the borrowed crypto at a higher price, considering it will depreciate continually. 

So, when the price of Bitcoin declines, you can buy it back and return it to the lender. This allows you to make gains from the fluctuating price of Bitcoin. 

Now, many crypto trading platforms offer various types of derivatives in the form of contracts for difference (CFDs). These may also include exchange-traded products (ETPs). 

## What are ETPs? 

A crypto ETP is an investment vehicle that uses crypto tokens as its backing. It is quite similar to traditional investment vehicles, usually backed by gold. Similarly, these products can be traded on exchanges like any other stock.  

The main difference here is that they are backed by cryptocurrencies like Bitcoin and allow you to track their performance in the market daily. A prominent example of a crypto ETP is Fidelity Physical Bitcoin (FBTC). 

## What’s 21Shares Short Bitcoin ETP? 

It is an offering by the 21Shares platform denoted by the ticker SBTC. SBTC is a product through which you can get inverse BTC returns of -1x. The returns are based on daily price fluctuations and are multiplied by -1. Since they depend on daily price variations, you cannot hold Bitcoins for longer periods. Therefore, you must know the right holding spans and the risks involved in shorting.  

The procedure of short Bitcoin involves borrowing BTCs from the platform and selling it at the same time before the value is expected to decrease. Through this, you can generate profit from the declining price of BTC. You have to use USD or US Dollar Coin (USDC) along with BTCs as collateral for using the SBTC product. 

## Benefits of using SBTC 

There are various upsides to opting for the SBTC product by 21Shares. Firstly, it allows you to navigate [the bear cycles](/news/article/crypto-bear-market-survival) by offering inverse returns. Secondly, it gives you daily liquidity that can assist you in day-to-day trading. You can open and close trades within 24 hours.  

Apart from that, inverse returns can also help you in rebalancing your portfolio. Since the -1x factor resets after each day, your portfolio can adjust to the price fluctuations easily. Moreover, the platform offers an institutional standard system that can facilitate you in terms of crypto custody, trading features, and analytics. This smoothes out the entire procedure and creates convenience for you.  

## What are the costs of 21Shares Short Bitcoin ETP? 

According to Boerse Frankfurt, the current price of the ETP is 0.7197 for 84,845 pieces. Yesterday, the closing price was 0.7201, and there was a difference of around 0.22%, whereas the spread absolute was around 0.0015. Aside from that, the daily turnover in the number of pieces has been 13,614.  

In the past 52 weeks, the lowest difference has been 0.6794. Meanwhile, in the same period, SBTC observed the highest difference of 1.8631. 

Here’s what the one-year chart for the Short Bitcoin looks like: 

![Chart of Short Bitcoin](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_08_04_at_15_47_59_5b2c09e8a2.png)

The chart shows that with the start of 2023, the cost of the ETP started to fall. The main reason behind it is that Bitcoin’s price has made substantial gains this year and has maintained [an upward trend that started in December 2022](/news/article/btc-price-today). It affected the inverse return mechanism, which performs best when the market shows bearish signals. On the other hand, SBTC performed comparatively higher in the last five months of 2022.  

## Closing thoughts 

21Shares Short BTC product presents a unique investment opportunity for those looking to hedge against potential downward movements in the price of Bitcoin. The product’s inverse performance makes it highly competent for the bearish market. That’s why if you use it strategically, you can generate high returns even in bearish cycles.  

However, short Bitcoin is a high-risk and high-reward strategy. So, if you are looking to invest in SBTC, you must have an advanced level of trading knowledge. But it is advisable to be fully prepared for risk management and only invest according to your risk appetite.  

21Shares Short Bitcoin ETP: All you need to know 

Dubbed the "dog coin for the people by the people", a new coin recently joined the growing line of dog-themed meme coins, which have become a sensation in the cryptocurrency space. The first one in the Solana (SOL) blockchain, Bonk Inu ($BONK), rallied over 3,600% during the first week after its launch. This article explores the Bonk Inu token, how it compares with other [Memecoins](/news/article/meme-coins), and whether it’s a good investment.     

## What is Bonk cryptocurrency?  

The year 2022 shook the cryptocurrency market to its core, thanks to the highly volatile conditions that led to the collapse of leading market players like cryptocurrency exchanges FTX and others. The Solana network (SOL), a popular destination for innovative crypto projects focused on fun and engagement, wasn’t spared either, enduring severe body blows from vulturine practices of VC token holders mainly interested in profiting from the platform. It’s amid that depth and darkness that the launch of Bonk cryptocurrency brought a sigh of relief to the Solana blockchain.  

Launched on 25 December, 2022, with an airdrop of 50% of its entire token supply, Bonk is a dog-themed [meme coin](/news/article/what-is-a-meme-coin), a Solana-based replica of Dogecoin (DOGE), [Akita Inu](/news/article/akita-inu-coin),  or Shiba Inu (SHIB). Bonk Inu is essentially a meme coin designed to support its community while also focusing on advancing the platform’s liquidity. In explaining its vision, the token’s [whitepaper](https://uploads-ssl.webflow.com/63d9862f53dc8e65d16eb0e0/63de6fb910d0b94a933c4a2f_BONK-PAPER-040223.pdf) says it aims to overturn the adverse effects of the platform’s being a victim of exploitative venture capitalists and allow community members to restore the power and control of the network to themselves while having fun with BONK tokens.  

## Bonk Inu features and how it works  

The BONK primary utility is a community token meant to empower Solana’s ecosystem, including integrations with the decentralized applications (DApps) built on the blockchain. Besides rewarding the current Solana community members, the token aims to welcome new members by providing a user-friendly entry point for retail users to decentralized finance (DeFi), self-custody, and NFTs.   

While Bonk cryptocurrency falls in the category of meme coins such as Dogecoin, Shiba Inu, and others, it differs slightly from the rest as it’s explicitly designed to support its native blockchain while promoting its future development. The token’s primary utility is to try and push users’ interest toward the Solana ecosystem. Experts believe the enhanced circulation made possible by the initial airdrop could aid the Solana community to realize its potential. 

## Bonk tokenomics 

The official launch of Bonk cryptocurrency, coming just days before New Year’s Eve, gained significant attention since it airdropped half of its total supply of 100 trillion BONK tokens targeting artists, collectors, and developers. The distribution involved 20% of tokens going to investors of 40 leading NFT collections, 15% to those placing trades on OpenBook, and 10% to NFT artists and collectors, with 5% going to developers.    

## Where people use Bonk Coin ($BONK) 

Bonk cryptocurrency has two primary purposes, namely payments and price speculation. While the price has remained volatile since the initial airdrop – which is not strange regarding a new and small altcoin – a sizeable number of investors are buying and selling $BONK in the hope of making a profit.   

As a form of payment, $BONK aims to get fully integrated into Solana blockchain’s existing projects. A few businesses are already accepting BONK payments. Examples include Duel Casino, where users can bet on different casino games, or Aurory, which allows gamers playing against each other to receive their winnings in $BONK. While it doesn’t yet support additional use cases, the token already creates its niche among canine-themed memes.    

## How to buy Bonk Coin (BONK) 

To get started on the different platforms where you can buy $BONK, you need to create an account via email and use your basic personal details for verification. After that, you can connect your new account with your bank to buy Ether (ETH) or Tether (USDT), which you will need to swap for Bonk cryptocurrency tokens. The coin is already available on several decentralized exchanges.   

## Is Bonk Coin ($BONK) a good investment? 

Like all other digital assets, especially [popular meme coins,](/news/article/memecoins-whats-popular) investing in $BONK will depend on numerous factors. Still, it all boils down to a certain degree of speculation considering the developments in the crypto market. If you're going to invest in Bonk cryptocurrency, assess your risk tolerance and conduct your research. Should the project follow in the footsteps of Dogecoin and receive the support of the community, or the team increases the coin's utilities to promote its growth, the token has the potential to be a good investment. 

Bonk DOGE dog on image of trading statistics

Bonk Cryptocurrency: Solana Dog-Themed Memecoin

The cryptocurrency world is littered with slang terms that can confuse the uninitiated. One such term that has gained notoriety is "shitcoin". 

While it sounds unpleasant, understanding what it means is essential for all involved or interested in the cryptocurrency industry. In this article, I delve into the definition, implications, and controversies surrounding the term shitcoin. 

## Shitcoin: Decoding the term 

A shitcoin is a cryptocurrency that lacks value or credibility. Unlike well-established cryptocurrencies like [Bitcoin ](/news/article/bitcoin-forecast-2023)or [Ethereum](/news/article/ethereum-pow-price-prediction), shitcoins often don’t have a solid technological foundation, have little or no real-world utility, and are typically created with the sole purpose of making quick profits. 

Shitcoins are known for their volatile prices, susceptibility to pump-and-dump schemes, and a high risk of investment loss. 

## Characteristics of a shitcoin 

### Lack of Fundamental Value: 

Shitcoins often lack the technological innovation, underlying network, or practical use cases that define reputable cryptocurrencies. They may be created without a clear development roadmap, whitepaper, or experienced team, making them highly speculative investments. 

### Pump-and-Dump Schemes: 

Shitcoins are frequently associated with pump-and-dump schemes, where the creators or early adopters artificially inflate the price of the coin through misleading marketing or false claims. Once the price reaches a peak, holders sell their holdings, causing the value to plummet, leaving unsuspecting investors with significant losses. 

### Limited Liquidity and Exchanges: 

Due to their questionable reputation, shitcoins are often listed on lesser-known or unregulated cryptocurrency exchanges, limiting their liquidity. This lack of availability makes it difficult to sell or trade these coins, adding further risk to investors. 

## The controversy and impact of shitcoins 

### Market Volatility: 

The presence of numerous shitcoins in the cryptocurrency market contributes to its overall volatility. The sudden rise and fall of these low-quality assets can have a ripple effect on the entire market, affecting investor sentiment and leading to potential market manipulation. 

### Investor Protection Concerns: 

A shitcoin poses significant risks to investors, especially inexperienced or uninformed investors. Without proper due diligence, individuals can fall victim to fraudulent projects, losing their hard-earned money. The cryptocurrency industry's lack of oversight and regulation further exacerbates these concerns. 

## Reputational Damage: 

The prevalence of shitcoins has tarnished the overall reputation of the cryptocurrency industry. Scepticism and mistrust have become prevalent, hindering the widespread adoption of legitimate cryptocurrencies and blockchain technology. 

## Identifying and avoiding a shitcoin 

Before choosing to invest in any cryptocurrency, it is crucial to conduct extensive research. Evaluate the project's technology, team members, use cases, and long-term goals. Look for whitepapers, active communities, and partnerships to assess the legitimacy and potential of the coin. 

By adopting a cautious approach and being mindful of the risks associated with a shitcoin, investors can safeguard their assets and contribute to the long-term sustainability of the cryptocurrency market. 

Investing in well-established cryptocurrencies with a proven track record and solid reputation significantly reduces the risk of falling victim to shitcoin schemes. Coins like Bitcoin, [Ethereum](https://ethereum.org/en/), and [Litecoin](https://litecoin.com/en/) have stood the test of time and have a broad user base.

## Regulatory measures and industry efforts 

To protect investors and combat the proliferation of shitcoins, regulatory bodies around the world are taking action. 

Governments and financial authorities are implementing stricter regulations, such as KYC (Know Your Customer) and AML (Anti-Money Laundering) policies, to ensure transparency and accountability in the cryptocurrency space. These measures aim to weed out fraudulent projects and provide a safer investment environment. 

Within the cryptocurrency industry itself, efforts are being made to address the shitcoin issue. Community-driven platforms and forums actively engage in discussions, scrutinising new projects and raising awareness about potential scams. 

Additionally, reputable blockchain projects and industry leaders often condemn and distance themselves from the promotion or endorsement of shitcoins, aiming to protect the integrity of the ecosystem. 

## The role of investor education 

Amid the proliferation of shitcoins, investor education plays a crucial role in mitigating risks and promoting responsible investment practices. 

Understanding the fundamentals of blockchain technology, reading whitepapers, and staying updated on industry news can equip individuals with the knowledge needed to differentiate between legitimate projects and shitcoins. 

Furthermore, fostering a culture of scepticism and critical thinking within the cryptocurrency community is vital. Encouraging open discussions, sharing experiences, and highlighting red flags can collectively help identify and expose potential scams. 

Educational initiatives, online courses, and workshops dedicated to cryptocurrencies and blockchain technology are emerging to bridge the knowledge gap. By promoting financial literacy and empowering investors with the necessary tools, these educational resources aim to reduce the prevalence of shitcoins and foster a more informed and resilient investor community. 

## Conclusion 

In the volatile and rapidly evolving world of cryptocurrencies, a shitcoin serves as a reminder of the risks and challenges investors may face. 

While the term may sound derogatory, it reflects the need for caution and discernment in choosing investment opportunities. Understanding its implications is crucial for navigating the cryptocurrency industry. 

By recognising the characteristics and risks associated with a shitcoin, investors can make more informed decisions, protect their assets, and contribute to the overall growth and legitimacy of the digital asset space. 

The cryptocurrency ecosystem can continue evolving toward greater transparency and reliability through regulatory measures, industry efforts, and individual responsibility. 

poop emoji overlaying image of pile of cryptocurrency coins

Shitcoin: Understanding the controversial term 

[Shiba crypto](/news/article/waves-crypto) has become a mainstay in the blockchain-based economy due to the hype its community members, collectively called the SHIB Army, have conferred on the project. 

Introduced into the saturated cryptocurrency market in August 2020, a period when the centralized and decentralized finance markets were recovering from the lows suffering during the peak of the coronavirus pandemic (March and April) by Ryoshi, the "Shiba Inu Ecosystem" is one of the most popular whitepapers in the industry. 

Almost three years after its introduction, the project has experienced several highs and lows in terms of making millionaires and also plunging the portfolios of millions of others into several losses.  

Below, we take an in-depth look at the pros and cons of Ryoshi's innovation that will serve as a thesis to measure whether Shiba crypto remains one of the most underrated projects in the sector. 

## Shiba crypto has surpassed its meme status 

Shiba crypto was introduced into a market of more than 10,000 cryptocurrencies in 2020 to poke fun at the meme-inspired digital currency Dogecoin (DOGE), a project Billy Markus and Jackson Palmer launched in 2013.  

Before 2020, many developers tried to question DOGE's status as the largest meme coin by market capitalization.  

Unfortunately, they all failed to pose a strong test to the dominance of a[ coin](/news/article/vra-coin-doubles) that created several millionaires along the way.  

Unlike the others, including Dogecoin, which was also created to poke fun at the idea of Satoshi Nakamoto introducing Bitcoin (BTC) to challenge centralized finance (CeFi), Shiba has a strong infrastructure to lead the innovation into the next phase of this emerging sector.  

While Dogecoin remains on an independent blockchain that relies on the layer one infrastructure of processing transactions, Shiba has moved on to other areas, such as decentralized finance (DeFi) and the Metaverse.  

This has been made possible in large part thanks to the project’s association with Ethereum, the most popular smart contracts-backed blockchain in the industry to date.  

Despite the significant reduction in total value locked ([TVL](https://defillama.com/chain/Ethereum)) across the sector, Ethereum remains the largest DeFi chain by TVL, with approximately $26 billion, as of 12 July 2023.  

Thousands of decentralized applications (DApps) in lending, yield aggregation, exchange, and insurance have been added to the market thanks to the possibilities of Ethereum. 

Among them is [ShibaSwap](https://www.shibatoken.com/), the native decentralized exchange (DEX) of the Shiba Inu Ecosystem that provides a great way for the swapping of SHIB tokens safely and securely.  

ShibaSwap joined a new area of cryptocurrency trading platforms dominated by Uniswap, the largest DEX by trading volume, and PancakeSwap, the second-largest DEX by trading volume. 

Having seen an opportunity to draw millions onto its platform, the developers added several features to help users earn diverse passive income. Among them are dig (liquidity), bury (staking), and Shiboshis (NFTs).  

While many DEXs such as Balancer, DODO, BiSwap, QuickSwap, Synthetix, ApeSwap, SpookySwap, Thena, Maverick, Clipper, and SushiSwap records awesome monthly trading volumes, the consistent innovation being thrown at ShibaSwap has propelled the DApp to see a minimum of [$50 million](https://dune.com/hagaetc/dex-metrics) in monthly trading volume.  

With millions of users' increasing demand for anonymity, consistent upgrades of ShibaSwap, which opens the DApp to trading many cryptocurrencies and more digital collections instead of the project's products, could propel the DEX to new milestones in the future. 

## Shiba crypto has made its way into the Metaverse 

The Metaverse has been described by many as the next iteration of the internet, where we transition to Web3 from our current Web2 status. 

This means that humans can experience life through single, shared, immersive, persistent, and three-dimensional (3D) spaces using AR (augmented reality) and VR (virtual reality) technologies.  

The potential impact of this emerging space has seen Mark Zuckerberg, Chief Executive Officer (CEO) of the parent company that owns Facebook, Threads, Instagram, Messenger, WhatsApp, Oculus Quest, Horizon Worlds, Workplace, and Mapillary, rebrand his firm's name to Meta Platforms Inc.  

Metaverse's impact has extended beyond the social media sector to many facets of our daily public lives.  

In June 2022, [Ajman Police](https://www.thenationalnews.com/uae/2022/06/06/uae-police-set-up-metaverse-service-to-help-the-public/) in the United Arab Emirates (UAE) announced that citizens could meet and interact with them via the Metaverse. Avatars of officers have been made active to answer the queries of residents. 

The buzz around the Metaverse deepened in April 2022 when Yuga Labs, the development team behind the popular NFT collection Bored Ape Yacht Club (BAYC), announced a new collection borne out of what it called the [Otherside Metaverse](https://watcher.guru/news/bayc-metaverse-otherside-launch-date-released).  

This Metaverse gave birth to NFTs called Otherdeeds, which have generated more than [$1 billion ](https://www.cryptoslam.io/otherdeed)in sales volume.  

SHIB has not left its community behind and also has Shib the Metaverse, a virtual representation of the project’s collective history aimed at helping the army collect in-game resources, generate rewards, and earn consistent passive income.  

Research and Markets forecast the global metaverse market to grow by more than [$175 billion](https://www.globenewswire.com/en/news-release/2023/01/25/2594933/28124/en/Global-Metaverse-Market-Report-2023-Market-Value-to-Grow-by-Over-175-Billion-from-2022-to-2027.html) by 2027. While projects like Illuvium, Roblox, Decentraland, and Axie Infinity were mentioned, Shib remains one of the dark horses that can contribute to reaching the forecasted valuation. 

## Shiba crypto launches Shibarium in August 

Many [crypto](/news/article/is-crypto-regulated-across-the-globe) projects, such as Binance and TRON, started on Ethereum but later branched out to individual chains to boost the functionality of their respective protocols. 

Ryoshi and his team have made plans to upgrade their protocol with the launch of Shibarium in August 2023.  

This is a layer two blockchain network built on Vitalik Buterin’s chain for the Shiba Inu project. With this, the project tagged as a Dogecoin Killer due to its meme status will become a complete ecosystem. 

Some of the advantages of [Shibarium](https://cointelegraph.com/explained/what-is-shibarium-and-what-does-it-mean-for-shiba-inu) include but are not limited to seamless DApp development, increased token utility, lower fees, and improved scalability (higher transaction speeds). 

## Will the new ecosystem be safe to use?  

Yes, the protocol will be safe to use, according to Certik, a security-focused platform that monitors and analyzes DeFi projects and blockchain protocols.  

Certik gave the project a security score of [90.72](https://skynet.certik.com/projects/shib), weighted on code security, fundamental health, operational resilience, governance strength, market stability, and community trust. 

With millions of SHIB wallet addresses holding onto their tokens and a thriving ecosystem, Shiba crypto is one of the most underrated projects. And so is its native asset SHIB. 

Is the Shiba crypto project underrated? 

[BlackRock Bitcoin](https://www.reuters.com/business/finance/blackrock-close-filing-bitcoin-etf-coindesk-2023-06-15/) exchange-traded fund (ETF) trended on all investment newswires in June after BlackRock, the biggest asset manager worldwide, filed for an [ETF](/news/article/chamber-of-digital-commerce) backed by BTC, the largest digital asset by market capitalization.  

The move for a Blackrock Bitcoin ETF was made by the investment firm to give clients exposure to the flagship coin. 

The company disclosed that [Coinbase Custody](https://www.coinbase.com/custody/assets), a New York-based business that provides cold-storage services for the digital assets of third parties, will serve as custodian for its iShares Bitcoin Trust, details of its filing with the US SEC (Securities and Exchange Commission) showed.  

While this has been seen as a great move by a large investment company, the SEC has shown resistance when it comes to the approval of spot BTC ETFs.  

## BlackRock Bitcoin ETF: What is it? 

To understand this what the Blackrock Bitcoin ETF is, you should know what ETF means. According to [Investopedia](https://www.investopedia.com/terms/e/etf.asp), ETF is a kind of investment security pool that operates similarly to a mutual fund. It tracks commodities, particular sectors, indexes, and other assets like cryptocurrencies. 

It differs from mutual funds because it can be bought and sold on a stock exchange in the same way as the regular stocks of Mastercard, Visa Inc., and other major corporations with ticker symbols on the London Stock Exchange (LSE), New York Stock Exchange (NYSE), and others.  

SPDR S&P 500 ETF is the first exchange-traded fund, and it continues to track the S&P 500 Index. 

With this in mind, what BlackRock has applied for is a spot BTC ETF. This would track the underlying market price of the first blockchain-backed digital currency.  

Analysts at [Forbes Advisor ](https://www.forbes.com/advisor/investing/cryptocurrency/best-bitcoin-etfs/)believe this product will expose investors to the coin without becoming crypto asset holders.   

## BlackRock Bitcoin ETF is not the first being considered by the SEC  

As of July 2023, the SEC has not approved any ETFs that directly own [BTC](/news/article/bitcoin-rally-sees-gain-this-week). Instead, existing Bitcoin ETFs only hold futures contracts or other ETFs and stocks of companies that have direct exposure to Satoshi Nakamoto’s innovation.  

In 2022, [Grayscale Investment LLC](https://techcrunch.com/2022/06/30/the-sec-rejected-bitcoin-spot-etfs-again-now-what/), the largest digital asset management firm, saw its request to convert its Grayscale Bitcoin Trust into an ETF rejected by the SEC. 

Angered by the decision, [Grayscale sued](https://www.cnbc.com/2022/06/30/grayscale-sues-sec-after-rejected-bid-to-turn-bitcoin-fund-into-etf.html) because the regulatory body had already approved BTC futures ETFs, as earlier highlighted. 

Aside from Grayscale, CBOE Global Markets, New York Digital Investments Group (NYDIG), and Fidelity have also had their spot BTC ETFs rejected by the apex regulatory institution in the USA. 

## Impact of the filing on the coin  

In crypto, there are three major price drivers; the triggering of a staking feature that helps investors earn passive income, the listing of a virtual asset on a major exchange, and the acceptance of a coin as a transactional currency by a mainstream company.  

Ordinarily, due to the SEC's rejection of other companies’ attempts, a filing of an exchange-traded fund related to the most popular cryptocurrency should have been discarded by millions of traders across the globe.  

After trading below $30,000 for two months, the asset rebounded strongly from $25,576.28 on 16 June and tested a then-high of $31,460.05 on 6 July. 

As of 21:00 on 13 July 2023, it was exchanging hands for $31,484.21, a 23% rise in less than one month, data from crypto price tracker CoinMarketCap showed.  

Such bullishness is the reason why analyst [Richard Adrian ](https://www.fxleaders.com/forecasts/crypto/bitcoin-price-forecast/)at FX Leaders foresees a substantial rise in the price of the crypto.  

According to him, the digital currency could reach the maximum price of $85,000 due to positive market sentiment, hawkish central bank decisions, and mainstream adoption of the decentralized finance sector by the year's close. 

## The latest on spot Bitcoin ETFs globally 

On 13 July 2023, multiple news outlets reported that London-based multi-asset investment platform [Jacobi Asset Management ](https://cointelegraph.com/news/bitcoin-etf-europe-s-first-spot-bitcoin-etf-eyes-2023-debut-after-a-year-long-delay)would launch the first spot BTC ETF in Europe before the close of the year. 

This announcement comes exactly a year after it was scheduled to premiere on the Euronext exchange in Amsterdam in July 2022.  

The asset manager said it chose to launch its product in the fall due to improved demand for [crypto assets](/news/article/crypto-watch-guide).  

Since security has become an integral issue in this sector due to the billions of pounds worth of stolen digital assets, Jacobi has chosen Fidelity Digital Assets as the custodian.  

## Conclusion 

The SEC may not grant exchange-traded funds related to the spot market due to the agency's consistent consideration of many of the assets, including [BTC](/coins/btc), being securities in disguise. 

Whatever happens, [BlackRock](/news/article/blackrock-etf) has created an impressive base on which other potential applicants can thrive to see this hurdle through.  

That said, [Ripple](https://www.cnbc.com/2023/07/13/xrp-surges-after-judge-delivers-a-huge-win-to-ripple-in-its-case-against-the-sec.html) has won its two and half year case against the agency. This could be a turning point in the type of products it could approve for trading in the future. 

Blackrock Bitcoin ETFs: The Latest

Morals of trust, absolute user education, and ease of use may sound like strange terms in a cryptocurrency market where every user is always treading carefully to avoid making a misstep. While it’s hard to associate these things with crypto, we tell you how KODA cryptocurrency is on a mission to change this concept. 

## What is Koda cryptocurrency (KODA)?  

Koda cryptocurrency (KODA) is a dog-themed [memecoin](/news/article/what-is-a-meme-coin) focusing on Bep-20 coins, the native token of the SummitSwap platform. According to its [website](https://koda.finance/), the platform aims to create a secure, easy-to-use cryptocurrency trading environment where fraud, cyber-attacks, and other ills that have long plagued the crypto space become foreign terminologies.  

Founded in 2021 by a team of anonymous developers managed by Summit founder and CEO James Gale, the cryptocurrency didn’t take the “tried and tested” route of making money first and building trust later. Koda took the time to build trust when it operated as Koda Finance to create a stable crypto asset used by a stable company. KODA’s growing list of utilities includes being a medium of exchange for buying goods and services and as a [staking](/news/article/what-is-staking-crypto) or holding token for a chance to earn passive income or other additional long-term rewards.   

## How KODA works  

Dubbed a community-driven crypto coin aiming to redefine people’s perception of cryptocurrencies, Koda cryptocurrency is deliberately designed with community-focused capabilities that reward holders who use and perform transactions using the digital asset. Moreover, cryptocurrency promotes long-term development by introducing constant incentivization through numerous promotional activities and a unique staking model. Stakers’ earnings are paid using the platform’s sister token, Koda-apex (KAPEX) token, a utility/reward token designed to pay KODA holders using a revolutionary never-seen-before code.   

## How to buy Koda cryptocurrency 

Step#1: Visit CoinMarketCap to find where you can purchase Koda cryptocurrency. Search for KODA and tap the button labeled "Market" to see a complete list of exchanges and, under "Pairs", the currencies you can use to buy it.  

Step#2: Select a platform to buy from. Conduct research before settling for one since all platforms have different security, liquidity, and reliability levels. 

Step#3: Make your purchase from the platform you selected. It’s easier to purchase using popular fiat currencies. If you use another crypto, you’ll have to create a crypto wallet supporting KODA.  

## Is Koda token a good investment? 

Many experts and [analysts predict](https://www.coingecko.com/en/coins/koda-cryptocurrency) that the price of KODA will surge in the coming years and possibly hit and surpass the $0.003 mark by 2025 or reach between 0.015 and $0.018 ten years from now. While that may appear like a stretch, anything could change since cryptocurrencies are volatile and things change in an instant one way or the other.  

While there may not be a correlation between the current value of Koda cryptocurrency and its future potential, all indications appear to show a token whose value is slowly inching upwards. Depending on the different market elements and emerging variables that could arise in the entire cryptocurrency market, there’s a chance that even a [beginner’s KODA investment](/news/article/crypto-invest-strategy) will eventually yield a good ROI. 

KODA Cryptocurrency - The Memecoin with Utility

[Shiba Inu](/news/article/could-shiba-inu-price-reach-10-by-2024) crypto has survived the bullish days and bearish seasons of the blockchain industry to remain one of the most popular and traded digital assets in the sector. 

Despite the introduction of competitor meme coins such as Pepe (PEPE), Floki Inu (FLOKI), [Akita Inu](/news/article/akita-inu-coin), Baby DogeCoin (BABYDOGE), Dogelon Mars (ELON), and Milady Meme Coin (LADYS), among others, SHIB, the novel token behind the [Shiba Inu](/news/article/shiba-inu-holders-value-of-bone) ecosystem remains a medium-cap digital asset by market capitalization. 

With more than [$4 billion](https://coinmarketcap.com/currencies/shiba-inu/) in market value, the crypto token continues to see millions of dollars in daily volume, and this has led to a revision of forecasts made by analysts involved in the space.  

While the project has struggled to create the millionaires it once did during the peak of the market in 2021, it has been trending recently due to upcoming upgrades, and other events, that could propel it to new price milestones in the not-too-distant future. 

Below, we take an extensive look at some of the positives and negatives that could explain whether this meme-inspired [crypto](/news/article/what-is-gmt-crypto) is an asset you can consider adding to your investment portfolio.  

## Pros of buying Shiba Inu crypto 

Created by a group of people named Ryoshi in August 2020, [Shiba Inu ](/news/article/shiba-inu-news-will-it-rise)is one of the most impactful projects in the space aside from Bitcoin, Ethereum, and the Bored Ape Yacht Club (BAYC).  

While it was supposed to remain a joke project borne out of the meme-inspired digital currency frenzy, Ryoshi and his team have taken their innovation to the mainstream.  

Here are some pros you should consider before deciding investment-wise on the token. 

- Scarcity – Many meme coins rely on their community to lift the coin to new price milestones. Aside from that, most of them are inflationary as development teams add more coins to satisfy the needs of demanding fans without considering the effects on tokenomics. While meme projects such as Dogecoin (DOGE) remain inflationary, [Shiba Inu](/news/article/shiba-inu-price-gbp) is a deflationary token. While inflationary tokens are increased over time, deflationary tokens decrease periodically. Deflationary cryptocurrencies are subject to token burning, a process where a significant part of the virtual currency is removed from circulation. Once this happens, scarcity takes hold of the particular crypto asset. The latest [token burning](/news/article/shiba-inu-coin-burn) came on 11 July 2023, when [Shibburn](https://twitter.com/shibburn/status/1678615120648208384), an account dedicated to tracking SHIB tokens, shared with their followers that around 601 million SHIB have been burned. While many do not consider the token a store of value due to its total and maximum supply, it still possesses all the attributes of a currency. Aside from scarcity, it is non-counterfeitable, divisible, transportable, durable, and can be used to settle transactions (transactional currency). With consistent burns ahead of the token, many analysts, including [Daria Morgen](https://changelly.com/blog/shiba-inu-price-prediction/) at Changelly Blog, foresee the digital currency nearing its all-time high (ATH) of $0.00008845 in October 2021 on the back of scarcity. According to her, its value could increase to the best possible prices of $0.00002382 by the end of 2025, $0.00005009 (2027), and $0.00015853 by the year’s end of 2030.   

- Investor Confidence – You do not want a situation where you are only after a particular cryptocurrency. As of 21:00 UTC on 12 July 2023, the cryptocurrency has seen a minimum daily trading volume of around $71 million in the seventh month of the year. While trading volume is not discussed much, you should know that it plays an important role in technical and fundamental analysis. Aside from liquidity, the number of long-term holders is another area that makes SHIB a token worth considering. Data from [IntoTheBlock](https://app.intotheblock.com/coin/SHIB/deep-dive?group=ownership&chart=all) shows that the number of addresses holding the crypto for at least one year has reached a new milestone. The number of wallet addresses with SHIB for more than a year has surpassed 835,000, and they make up around 67% of all token holders. Holding onto digital currencies for a long period means anticipation of a potential rise in price in the future.   

- Ecosystem Expansion – According to multiple reports online, [Shibarium](https://blog.shib.io/) will be going live in August 2023 after its beta test went live in March. Shibarium is a layer two network, making the project a full ecosystem where all sectors of the blockchain-backed economy will be featured (Metaverse, NFTs, DApps, video games, and many more). This way, the project will not thrive on the price performance of Bitcoin (BTC) and other market movers such as DOGE to increase significantly. 

## Cons of buying Shiba Inu crypto 

The most important con of the Shiba Inu crypto project is the introduction of popular memes such as Pepe (PEPE), which has claimed a substantial part of the meme coin market over the past months. 

As the months roll over, if Ryoshi and the team do not introduce new products that compete with others in all the essential areas of the economy, the project may fail to cross the $1 milestone that’s been missing for most meme-inspired digital assets.  

Consider the above pros and cons and supplement the information here with further research. Also, weigh the risks against the rewards of buying the token. If they are in your favour, you can consider adding it to your investment portfolio. 

Shiba inu crypto coin with Shiba smiling 

Is Shiba Inu Crypto Still a Good Investment?

[Token vs Coin ](https://www.analyticsinsight.net/crypto-coin-vs-crypto-token-understanding-the-difference/)yields millions of results across search engines like Bing and Google due to a demand for answers on the real differences between two terms, mostly used interchangeably. 

Why are certain digital assets referred to as coins, and why do some have tokens attached to them on crypto-tracking websites such as [CoinMarketCap](/news/article/coin-marketcap-analysis) and others?  

Below, we examine what they are, their differences, and examples that will help you categorize numerous cryptocurrencies you have been coming across on crypto news portals and exchanges. 

## Token vs Coin: What does coin mean? 

To explain the terms, let us understand that the two exist and came into being through the power of blockchain technology.  

Coins are primarily cryptocurrencies that are native to a particular blockchain. They are exclusive to a particular chain and cannot be used on other blockchains due to a lack of interoperability.  

They have several use cases, including serving as a store of value, exchange medium, and unit of account. 

You may have come across a term called mining. This is the process by which coins are produced. Mining allows computers relying on application-specified integrated circuits (ASICs) to solve complex math puzzles, which helps validate transactions to create coins. 

Miners are rewarded with newly minted coins, and their contributions are highly invaluable to the decentralization and security of a network. 

On having a decentralized feature, no intermediaries (central banks, clearinghouses, or insurance companies) are in charge of the coin's circulation. Instead, they are governed by their protocol's rules and the project's community's consensus. 

With this, users enjoy privacy and freedom over their funds and transactions – something many, like Satoshi Nakamoto (creator of [BTC](/news/article/how-to-invest-in-bitcoin-uk)), felt centralized financial institutions have taken away from people. 

On security, to prevent cybercriminals from engaging in unscrupulous activities using virtual currencies in fraud, censorship, and hacking, cryptography and encryption are used to protect coins.  

This way, users do not need to entrust the safety and authenticity of their coins to third parties.  

The last and most recognizable feature of coins is scarcity. Digital coins were created to challenge the status quo (fiat currency system), so they must possess all the attributes of currency money. 

Predetermined by their respective algorithms, most coins have a total and maximum supply, which positively reflects their value over time. 

With this in mind, you should know that four types of coins categorize the assets you have been reading about or trading online. They are native, forked, wrapped, and stable.  

Native coins run on independent blockchains and oversee all the activities of that particular network. Great examples are Bitcoin (BTC), Litecoin ([LTC](/news/article/litecoin-predictions)), Dash (DASH), Ethereum (ETH), Solana (SOL), Cardano (ADA), and Dogecoin ([DOGE](/news/article/dogecoin-twitter-doge-payments)), among others. 

Stablecoins are pegged to the value of fiat currencies (USD, EUR, and GBP), commodities (gold, silver), and other cryptocurrencies. Examples are [USDC, USDT](/news/article/usdc-vs-usdt), BUSD, and DAI.  

Wrapped coins represent different assets on different blockchains. This was introduced to allow liquidity and cross-chain functionality for users. Wrapped Ether ([WETH](https://www.forbes.com/advisor/investing/cryptocurrency/wrapped-ethereum-weth/)) and Wrapped Bitcoin (WBTC) are examples.  

Ethereum Classic (ETC), Bitcoin Satoshi Version (BSV), Ethereum Proof-of-Work (ETHPoW), and Bitcoin Cash (BCH) are examples of Forked Coins – they were derived from their originally existing chains.  

    
## Token vs Coin: What does token mean? 

Unlike coins, tokens are housed in existing blockchains and rely on the possibilities of the technology for their operations.  

While coins are mined, tokens are pre-mined, and this means that the development team behind a protocol employs smart contracts to issue and distribute new tokens to their users.  

With the explanation of tokens in mind, you should know that there are four types; utility, governance, security, and non-fungible. Non-fungible tokens ([NFTs](https://trading-education.com/what-are-nfts-non-fungible-tokens-explained)) represent indivisible, indestructible, verifiable, and non-interoperable digital items such as collectables and art. Many popular NFTs are issued through Ethereum, including the [Bored Ape Yacht Club](/news/article/bored-ape-whale-buys-69-degods-nft), Axie Infinity, Otherdeeds from the Otherside Metaverse, NBA Top Shots, and Azuki.  

Utility tokens help users access functions and services on a blockchain or decentralized application (DApp). Examples include Uniswap ([UNI](/news/article/uniswap-ledger-connect-guide)). Governance tokens confer something like voting rights to users where they have a say in the governance of a particular DApp or chain. Compound (COMP), Aave (AAVE), and Maker (MKR) are examples of governance tokens. 

The last are security tokens, representing a share of ownership or claim on an income stream or asset. Polymath (POLY) is part of security tokens and, unlike the others, is subject to third-party influence such as regulation and compliance. 


Token vs Coin: What is the Difference?

The crypto space is rapidly evolving, where digital assets either surge or plunge in a blink of an eye. Amid the established dominance of traditional players such as Bitcoin (BTC) and Ethereum(ETH), a new category of coins is emerging, blowing the market with its craze. These coins, known as meme crypto, have gained significant traction in the crypto market, capturing the attention of investors with their unique themes and potential for substantial returns. 

[Pepe Coin](https://twitter.com/pepecoineth?lang=en) (PEPE), Dogetti (DETI), and DogeMiyagi (MIYAGI) tokens are among the latest obsessions in the world of meme crypto projects. 

In the crypto sector, the term "meme" denotes a willingness to take risks and invest in relatively unknown tokens that have not yet established themselves in the market, typically in their initial coin offering (ICO) stage. Let's delve into these meme crypto offerings and explore their ecosystems. 

## 1.   Pepe Coin: The frog-themed digital token 

Inspired by the iconic Pepe the Frog meme, Pepe Coin has blown the crypto space with its craze. The Pepe Coin ecosystem is a vibrant community that combines meme culture and blockchain technology, showcasing the potential of digital assets to unite communities and foster innovation. 

Pepe Coin's launch witnessed a remarkable surge, experiencing a staggering increase of nearly 7000% within just 17 days. Its market value quickly soared to $1.8 billion, surpassing even Bitcoin. Trading volumes also skyrocketed, reaching $2.6 billion in the first week of May. 

Although [Pepe Coin](/news/article/pepcoin-what-to-know)'s price has shown some volatility, it remains a significant player with a market cap of almost $740 million. It currently holds the third-largest market cap among meme coins, following Dogecoin and Shiba Inu. Dogecoin boasts a market cap exceeding $10 billion, while Shiba Inu surpasses $5 billion. Pepe Coin, ranked at number 65 by market cap on CoinMarketCap, continues attracting meme enthusiasts and crypto investors. 

## 2.   DogeMiyagi (MIYAGI) 

Amid the recent surge of Pepe and the ongoing speculation surrounding [Dogecoin](/news/article/dogecoin-twitter-doge-payments), a new contender called DogeMiyagi is emerging as a strong rival. Unlike Pepe and DOGE, [DogeMiyagi](https://dogemiyagi.com/) has maintained stability during its pre-launch stage. 

This presents an appealing opportunity for investors to enter at a potentially advantageous price. 

The project prioritises community engagement by providing rewards and a 10% commission on purchased tokens through a unique referral code system. Its Killer Swap Machine (KSM) addresses Ethereum congestion, ensuring secure and compliant token trading. Additionally, DogeMiyagi strongly emphasises security through identity verification, risk assessment, and KYC certification, fostering community trust. 

Alongside Killer Swap, the team is actively working on an NFT project. The project is currently in an intensive research and development phase to establish an elite club for NFT holders. Users can mint exclusive DogeMiyagi NFTs and gain immediate privileged access to the project's exclusive domain through the official website. This NFT venture expands DogeMiyagi's offerings, demonstrating the project's dedication to delivering distinct and captivating experiences for its community. 

## 3.   Dogetti (DETI): The mafia-themed meme crypto 

[Dogetti,](https://dogetti.io/) similar to Dogecoin and Shiba Inu, utilises the influence of memes to attract an active community. However, Dogetti distinguishes itself by aiming to offer practicality to its holders. The team emphasises forming a cohesive community, "The Family", fostering unity and individuality. Incorporating elements inspired by the mafia introduces an intriguing twist to the [meme coin](/news/article/meme-coins) narrative. 

One notable feature that distinguishes the project is its 2% reflection protocol. Each transaction triggers a redistribution of 2% to all wallets, ensuring that everyone receives a share. This continual flow of rewards adds an extra sense of value and appreciation for Dogetti holders. 

Besides this, Dogetti is truly dedicated to making a positive impact beyond its loyal community. The allocation of a 2% tax to a charity wallet demonstrates Dogetti's philanthropic nature. Dogetti exemplifies the potential for meme coins to create real-world change by supporting charitable initiatives. 

## Bottom line 

The rapid ascent of Pepe Coin and utility memes crypto projects such as DogeMiyagi and Dogetti demonstrate the acceptance and craze of digital meme tokens to investors in search of exciting and profitable investments. 

These tokens leverage popular culture, drawing from the viral realm of memes to establish an interactive and lively community. By injecting humour and exhilaration into the cryptocurrency sphere, meme coins have transcended their role as financial instruments, evolving into a cultural phenomenon. 

green image of fiat currency and doge coins

Will Meme Crypto Outshine BTC and ETH in 2023?

Everyone loves free crypto, but when acquiring it, you must practise caution and conduct detailed research before exploring the free crypto sector. Here, we have compiled a comprehensive list of legitimate ways to earn free crypto. 

## Nine ways to earn free crypto 

### 1.    Airdrops 

Airdrops are a convenient method of obtaining free crypto coins, similar to a giveaway. New crypto projects utilise it to generate interest and promote the adoption of a new [cryptocurrency](/news/article/crypto-investing-for-beginners-uk) token before its official launch. Participants who express interest in the process receive free cryptocurrency as a reward. 

In the past, crypto projects like Uniswap and Ethereum Naming Service (ENS) have utilised airdrops to reward early users and involve them in future governance decisions of the protocol. 

### 2.    Play-to-earn games 

[Play-to-earn gaming](/news/article/free-play-to-earn-games) has emerged as a prominent sector within the crypto industry, experiencing substantial growth. Various games are available, with new ones continuously being developed. These include action-packed fighting, shooting, racing games, immersive RPGs, and captivating card-trading games. 

These games allow players to earn rewards within their respective ecosystems by completing various tasks, missions, and objectives. 

Moreover, many of these games have created expansive Metaverse worlds that enable players to construct and monetise virtual plots of land. Within these Metaverses, players can engage in activities such as resource mining, selling buildings, or even selling tickets to real crypto-based events. 

### 3.    Crypto staking 

[Crypto staking](/news/article/kda-staking-earning-kadena-rewards) involves holding or storing a cryptocurrency for an extended period to earn interest. This process is commonly carried out within a staking pool using the proof of stake consensus mechanism. By [staking](/news/article/what-is-staking-crypto) cryptocurrency, users can earn a consistent percentage of returns, particularly if they hold it for a considerable duration. 

There are two primary methods for participating in staking. The first approach involves directly depositing funds into the blockchain while eliminating the need for a third-party intermediary. However, the rewards obtained through this method tend to be relatively lower. 

Alternatively, a more favourable option is to utilise a staking service provided by a regulated broker. This choice offers greater benefits and security for staking cryptocurrency. 

### 4.    Crypto bounty 

Bug bounties are commonly utilised by cryptocurrency initiatives and exchanges to encourage software developers and security researchers to identify vulnerabilities within their programs. These bounties often come in the form of cryptocurrency rewards, the value of which varies based on the severity of the identified issue. The reward can range anywhere from a few hundred to tens of thousands of dollars. 

### 5.    Reddit 

Commenting on Reddit can be a smart move to earn free cryptocurrency. Users can acquire cryptocurrency by actively participating in discussions with fellow community members on the platform. 

Certain subreddits, such as r/CryptoCurrency, offer the opportunity to earn cryptocurrency rewards for users who receive upvotes on their posts and comments. 

### 6.    Yield farming 

[Yield farming](/news/article/yield-farming-crypto) involves stacking multiple decentralised finance (DeFi) protocols to maximise the obtained rewards. While some investors employ their distinct strategies, some opt for yield farming protocols to handle the laborious tasks on their behalf. Users can effortlessly earn free cryptocurrency by depositing their assets into a specific DeFi protocol. 

### 7.    Brave browser 

Consider switching from current browsers, such as Chrome, Firefox, Safari, or even Internet Explorer, to the Brave browser. 

Brave offers a browsing experience prioritising security and privacy, sparing users from constant ad bombardment. It is among the most popular browsers for crypto investors and has 50 million active users. 

Unlike mainstream browsers that collect user data for targeted advertising, Brave has introduced the innovative Brave Reward program. Users can earn free cryptocurrency in the form of BAT (Basic Attention Tokens), receiving 70% of the ad revenue by viewing ads. 

### 8.    Promotion and Welcome Bonuses on crypto exchanges 

Some cryptocurrency platforms and exchanges offer a sign-up or welcome bonus, rewarding individuals who register on their sites and fulfil the required verification procedures. 

However, it's important to note that some exchanges don't give immediate sign-up bonuses after creating an account. For example, Coinbase requires users to purchase crypto to claim the bonus. 

Additionally, exchanges run referral programs that let users earn free crypto by referring people to their platform. 

For example, with the Trezor referral program, users can earn up to 12%-15% in commission for each referral. Coinbase offers 50% of the referees' trading fees for the first three months after they create a Coinbase account. 

##   9.    Faucets 

Faucets are platforms that allow individuals to acquire small amounts of cryptocurrency by engaging in simple tasks such as viewing advertisements, completing a survey, playing mobile games, or solving captchas. 

These platforms serve as a convenient starting point for individuals who wish to earn crypto coins without requiring investments or specialised skills. Some notable examples of cryptocurrency faucets include [FreeBitcoin](https://freebitco.in/signup/?op=s), [Moon Bitcoin](https://www.moonbitcoin.cloud/), and [Satoshi Quiz](https://www.satoshiquiz.com/). 

Pile of cryptocurrencies including bitcoin, ethereum , ripple and more on a table

Nine ways to earn free crypto 

Tectonic, a cryptocurrency lending and borrowing DeFi platform, was launched in 2021. Operating as a market protocol, users can borrow and lend digital assets while earning high yields. The platform's protocol is built on the [Cronos blockchain](https://cronos.org/), a project developed by Crypto.com, one of the leading exchanges.  

Over the past two years, the project and its native token have garnered significant attention in the market. If you are contemplating whether Tectonic crypto suits your needs, this article is tailored for you. 

## What is Tectonic crypto (TONIC)? 

TONIC serves as the native token of the [Tectonic](https://tectonic.finance/) DeFi platform and is pivotal in facilitating instant loans. As a CRC20 token, it governs various protocol aspects, encompassing network security and maintenance. Moreover, the lending platform utilises TONIC tokens to incentivize users, with a portion allocated to the project team. 

Acquiring TONIC tokens is possible through several avenues, which include: 

- By participating as a lender or borrower on Tectonic, you have the opportunity to earn TONIC tokens as liquidity incentives. 

- Users can generate revenue via the protocol by staking TONIC tokens to obtain xTonic. 

- Tectonic offers a Vault feature where you can lock your tokens and earn rewards in return. 

- TONIC tokens can be purchased from various exchanges, [such as Hotbit](/news/article/hotbit-exchange-get-started), Crypto.com, or VVS Finance, where they are listed for trading. 

## Tectonic crypto tokenomics 

The Tectonic money market has introduced a total of 500 trillion TONIC tokens. According to [CoinMarketCap](https://coinmarketcap.com/currencies/tectonic/), there are currently 224,918,813,284,285 TONIC tokens circulating in the market, with a [market capitalization](/news/article/what-is-market-cap-cryptocurrency) of $34 million. It's important to note that the project reported this data and it has not been independently verified. 

The 500 trillion tokens are distributed among various categories by the project developers. The largest portion, accounting for 50.9%, is allocated as incentives for community members participating in staking and liquidity mining. The second largest segment, comprising 23%, is reserved for the project's team. 

Furthermore, 13% of the tokens are designated for ecosystem reserves, which will be used for developmental initiatives within the ecosystem. Another 13% is allocated for network security and maintenance. Finally, 0.1% is set aside for TONIC token airdrops. 

## Is Tectonic crypto legit? 

Tectonic crypto demonstrates legitimacy through its development as a fork of the reputable Compound protocol, renowned for its strong security measures. 

The project has undergone audits by leading blockchain security auditors, including [Slowmist](https://www.slowmist.com/) and [BlockSec](https://blocksec.com/), ensuring the integrity of its smart contract and operating model. The most recent audit report was published in April 2023. 

In addition to prioritising smart contract security, the project developers are also working towards introducing an insurance fund. To facilitate this, 10% of the interest paid by borrowers will be allocated to the fund. The purpose of this fund is to provide coverage for defaulted loans when the collateral is insufficient. These measures indicate that Tectonic crypto is operating legitimately. 

However, there are a few aspects that raise concerns among investors. Firstly, there is the issue of unverifiable data, including figures such as market capitalization and circulating supply. Secondly, Tectonic is an unregulated asset only available on limited exchanges. As a result, investments in Tectonic carry a high level of risk. 

## Tectonic crypto price prediction 

According to price forecasts provided by CoinCodex, the sentiment for the TONIC crypto is currently bearish, with a neutral fear and greed index. The prediction suggests that the price of TONIC may drop to $0.00000008539 in the next month, representing a decline of over 44%. CoinCodex analytics indicate that more than 24 technical analysis indicators show bearish signals, while only 6 indicate bullishness. 

Looking at long-term price predictions, [DigitalCoinPrice](https://digitalcoinprice.com/forecast/tectonic) forecasts that the coin will average around $0.000000327 throughout 2023. The highest projected price for the crypto is anticipated to be $0.000000332, with a potential lowest value of $0.000000136. 

Predictions for 2025 suggest that the coin's price may increase to $0.000000520, with a maximum potential of $0.000000556. The projected minimum value for TONIC in 2025 is $0.000000450. 

If we consider the growth of TONIC until 2030, the forecast from DigitalCoinPrice suggests it may reach up to $0.00000158. The average price is expected to be $0.00000154, with a potential minimum value of $0.00000148. 

## Is there a future for Tectonic crypto? 

Tectonic is a relatively new DeFi project still in its early stages. Unfortunately, current price predictions and market trends paint a discouraging picture. The price of TONIC is currently below its 200-day and 50-day simple moving averages, indicating a bearish trend. Forecasts suggest a significant 44% price decline in the next month. Looking ahead to 2030, it is doubtful that the coin will reach a value of 1 cent.  

Several factors contribute to the coin's low price and lack of demand. The absence of a clearly defined utility for the token limits investor interest. Additionally, the need for verified data and numerous underdeveloped features raise suspicions about the project.  

Given the decline in trust within the cryptocurrency lending industry following the Celsius network's downfall, investing in TONIC remains risky unless the project developers address these issues. 

Tectonic logo on green image of tectonic plate

Tectonic crypto: Is it a good investment? 

In the ever-evolving world of finance, digital coins are quickly gaining popularity. These digital assets reshape how we transact,[ invest](/news/article/best-cryptocurrency-to-invest-in), and interact with money. This article explains the digital coin, its benefits, risks, and potential use cases. 

## What is a digital currency, and how does it work? 

A digital currency is a type of virtual money that uses encryption to secure transactions. Unlike traditional currencies, digital coins are not in the control of any central authority like a bank or government. 

Instead, they rely on decentralized networks that use a digital ledger to record all transactions across many computers. This ledger called the blockchain, ensures that all transactions are transparent and secure. 

To use digital coins, you need a digital wallet to store, send, and receive cryptocurrencies. Enter the recipient's wallet address and how much you want to send when transacting. The transaction is then verified and recorded on the blockchain, providing a transparent and secure way of transferring value. 

Because digital coins operate on decentralized networks, transactions are generally faster and cheaper than traditional banking systems. This makes them popular for people who want to send money internationally or make transactions without intermediaries. 

Overall, digital currency is a virtual currency that uses cryptography to secure transactions. These are then verified and recorded on the blockchain, and the decentralized network makes transactions faster and cheaper than traditional banking systems. 

## Digital coins vs. bank transactions 

Digital currency transactions work differently compared to bank transactions. One main difference is that digital coin uses a decentralized network of computers called nodes, while banks use central systems. This means digital currency doesn't need middlemen like banks, which can result in quicker and cheaper transactions. 

Another key difference is that digital coin offers better security and privacy than traditional banks. Since all transactions are recorded on a blockchain public ledger, checking and tracking them is easy. Plus, people can use digital coins without sharing their personal information. This makes digital currencies an attractive alternative to traditional banking methods.

## Pros 

There are several advantages to using digital coins over traditional currencies: 

- Lower transaction fees: Crypto transactions often have lower fees than traditional banking systems, making them attractive for consumers and businesses. 

- Faster transactions: Virtual coins can be sent and received almost instantly, compared to the lengthy processing times associated with traditional banking. 

- Global reach: You can use digital coins in any country without converting currency or paying additional fees. 

-While digital coins have many benefits, they also come with certain risks: king them more resistant to fraud and hacking.  

## Cons 

While digital coins have many benefits, they also come with certain risks: 

- Volatility: Digital coin prices can be highly volatile, leading to significant gains or losses for investors. 

- Regulatory uncertainty: Digital coins' legal status and taxation vary by country, leading to uncertainty for users and businesses. 

- Security risks: Despite the security measures, digital coin exchanges and wallets can still be hacked or compromised. 

## Use cases for digital coins 

Digital coins have a wide range of potential use cases, including: 

- [Payments:](https://www.investopedia.com/ask/answers/100314/what-are-advantages-paying-bitcoin.asp) Virtual coins are for everyday transactions, like buying goods or services online or in person. 

- [Remittances](https://www.blockdata.tech/markets/use-cases/remittances): Digital coins can facilitate faster and cheaper cross-border money transfers. 

- [Smart contracts:](https://cryptoslate.com/cryptos/smart-contracts/) Some Digital coins, like Ethereum, enable the creation of smart contracts that can automatically execute agreements without intermediaries. 

- [Digital identity:](https://coinmarketcap.com/alexandria/glossary/digital-identity) Users can create secure digital identities with digital coins to prove their identity online without physical documents. 

## Changes in the digital coin market 

After Bitcoin was created, many other digital coins were developed. Each of these coins has its unique features and uses. For example, Ethereum lets people make smart contracts and apps. And Ripple helps people send money between countries fast and cheaply. 

Lately, more and more businesses and investors are learning about cryptocurrencies and becoming interested in them. This trend is expected to continue because of digital coins' benefits. 

This trend is expected to continue as people learn about their potential benefits. 

## Conclusion 

Digital coin offers a new way to make transactions that can be more secure, decentralized, and affordable than using banks. It has the potential to change the world of finance, making it an exciting investment option for some people. 

But it's important to research and understand the risks before getting involved with digital coins. By staying informed and cautious, you can decide whether digital coins are the right choice. 

Digital Coin Ethereum on table with green filter

Digital Coin: The Next Big Thing in Finance 

Crypto Coin News

Crypto coins or tokens are representations of values stored on the blockchain. Cryptocurrencies, literally cryptographic currencies, are simply the digital, blockchain-based equivalent of our normal or 'fiat' currencies. The most famous (and first) crypto coin is Bitcoin. 

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Crypto Coin News | Page 2