Category: Cryptocurrency

• Bullish HBAR price prediction is $0.0562 to $0.1554.
• Hedera Hashgraph (HBAR)  price might also reach $0.3 soon.
• Bearish HBAR  price prediction for 2022 is $0.0444.

In Hedera Hashgraph (HBAR)  price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about HBAR to analyze the future movement of the cryptocurrency. 

Hedera Hashgraph (HBAR)  Current Market Status

According to CoinGecko, the price of Hedera Hashgraph (HBAR)  is $0.0479 with a 24-hour trading volume of $13,716,990  at the time of writing. However, HBAR has decreased by nearly 1.17% in the last 24 hours.

Moreover, Hedera Hashgraph (HBAR)  has a circulating supply of 22,968,168,351 HBAR. Hedera Hashgraph (HBAR)  trades in cryptocurrency exchanges such as Binance, Huobi Global, Gate.io, KuCoin and Bittrex.

What is Hedera Hashgraph (HBAR) ?

Hedera Hashgraph (HBAR) is the native utility token of the Hedera network. Hedera is a decentralized hashgraph distributed ledger technology. HBAR was launched during its ICO in 2018. Hedera network’s mainnet went live in 2019. Hedera network serves majorly as a distributed file service.

Rather than being built on any blockchain, the Hedera network is built on the hashgraph model that is secured by the proof-of-stake (PoS) consensus mechanism. It uses a patented algorithm that makes it a non-forkable network. The transactions on Hedera are faster and occur at low costs. The hashgraph distributed ledger is secure and immutable as Hedera deploys asynchronous byzantine fault tolerance (aBFT).

Hedera Hashgraph (HBAR)  Price Prediction 2022

Hedera Hashgraph (HBAR)  holds the 37th position on CoinGecko right now. HBAR price prediction 2022 is explained below with a daily time frame.

The above chart of Hedera (HBAR) laid out the Descending Triangle  pattern.  This pattern is often regarded as a characteristic of a bearish trend. It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower support level, the bearish trend would be sustained. Generally, a descending triangle pattern indicates the reversal of an uptrend or the continuation of the downtrend. Traders keenly look out for a significant breakout point.

Currently, Hedera Hashgraph (HBAR)  is in the range of $0.0479.  If the pattern continues, the price of HBAR  might reach the resistance levels of  $0.0508 and  $0.0586. If the trend reverses, then the price of HBAR may fall to  $0.0472.

Hedera Hashgraph (HBAR)  Support and Resistance Levels

The chart below shows the support and resistance levels of Hedera Hashgraph (HBAR) .

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Hedera Hashgraph (HBAR) .

Resistance Level 1	$ 0.0562
Resistance Level 2	$ 0.0807
Resistance Level 3	$ 0.1118
Resistance Level 4	$0.1554
Support Level	$ 0.0444

The charts show that Hedera Hashgraph (HBAR)   has performed a bullish trend over the past month. If this trend continues, HBAR might run along with the bulls overtaking its resistance level at $0.1554.

Accordingly, if the investors turn against the crypto, the price of Hedera Hashgraph (HBAR)   might plummet to almost $ 0.0444, a bearish signal.

Hedera Hashgraph (HBAR)  Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Hedera Hashgraph (HBAR)  is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of HBAR lies below the cutoff line, indicating weak  participants in the current trend.

Also, the Moving Average (MA) of Hedera Hashgraph (HBAR)  is shown in the chart above. Notably,  Hedera Hashgraph (HBAR)  price lies below 50 MA (short-term), so it is downward. Currently, HBAR has entered a bearish state. Therefore, there is a possibility of a reversal trend of HBAR at any time.

Meanwhile, the relative strength index (RSI) of the HBAR is 44.23. This means that the Hedera Hashgraph (HBAR)  is nearly in an oversold state. However, this means a major price reversal of HBAR may occur in the upcoming days. So, traders need to trade carefully. 

Hedera Hashgraph (HBAR)  Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Hedera Hashgraph (HBAR) . It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of Hedera Hashgraph (HBAR). Currently, the ADX of HBAR lies in the range of 13.70 and thus, it indicates a weak trend. 

The above chart also represents the Relative Volatility Index (RVI) of Hedera Hashgraph (HBAR) . RVI measures the constant deviation of price changes over a period of time. The RVI of HBAR lies below 50, indicating low volatility. In fact, the RSI of Hedera Hashgraph (HBAR)  is at 44.23  thus confirming a potential sell signal.

Comparison of HBAR with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  Hedera Hashgraph (HBAR) .

From the above chart, we can interpret that the price action of HBAR is similar to BTC and ETH. This indicates that when the price of  BTC and ETH  increases, the price of HBAR increases.When the price of BTC and ETH decreases,the price of HBAR decreases.

Hedera Hashgraph (HBAR)  Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Hedera Hashgraph (HBAR)  might probably attain $0.5 by 2023.

Hedera Hashgraph (HBAR)  Price Prediction 2024

With several upgrades in the network, Hedera Hashgraph (HBAR)  might enter a bullish trajectory. If the coin grabs the attention of major investors, HBAR might rally to hit $0.7 by 2024. 

Hedera Hashgraph (HBAR)  Price Prediction 2025

If Hedera Hashgraph (HBAR)  sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 7 years, HBAR would rally to hit $0.9.

Hedera Hashgraph (HBAR)  Price Prediction 2026

If Hedera Hashgraph (HBAR)  sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, HBAR would rally to hit $1.

Hedera Hashgraph (HBAR)  Price Prediction 2027

If Hedera Hashgraph (HBAR)  sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, HBAR would rally to hit $3. 

Hedera Hashgraph (HBAR)  Price Prediction 2028

Hedera Hashgraph (HBAR)  holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, HBAR would hit $5 in 2028.

Hedera Hashgraph (HBAR)  Price Prediction 2029

If investors flock in and continue to place their bets on Hedera Hashgraph (HBAR) , it would witness major spikes. HBAR might hit $7 by 2029.

Hedera Hashgraph (HBAR)  Price Prediction 2030

With greater advancements in the Basic Attention TokenEcosystem, the crypto community might continue to invest in HBAR for the next 8 years and drive significant price rallies for the token. Hence, Hedera Hashgraph (HBAR)  might hit $9 by 2030.

Conclusion

With continuous improvements in the Hedera Hashgraph  Network, we can say that 2022 is a good year for HBAR. For this reason, the bullish price prediction of Hedera Hashgraph (HBAR)  in 2022 is $0.1554 On the other hand,  the bearish price prediction of Hedera Hashgraph (HBAR)  price prediction for 2022 is $ 0.0444.

Furthermore, with the advancements and upgrades to the Basic Attention Token ecosystem, the performance of HBAR would help to reach above its current all-time high (ATH) of $0.569229 very soon. But, it might also reach $0.3 if the investors believe that HBAR is a good investment in 2022.

FAQ

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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From being an underrated and very concealed digital currency to now declaring its potential to the world, crypto has come a long way. Similar to crypto, NFTs came from nowhere and today stand ahead of crypto.

When normal life is disturbed, innovation is often triggered, which gives rise to unexpected ideas which later become revolutionary. As a result, the Non-fungible tokens continue to make headlines. The NFT platform is reaching almost every industry today, not just digital arts or music.

Non-fungible tokens, or NFTs, have emerged as a potential investment trend that, with some luck, could bring in millions of dollars. NFTs, which are disseminated across thousands of nodes on the blockchain as a record of transactions and to verify ownership, are actually distinct tokens. The main breakthrough underlying Web3 is its decentralization technology, which distributes each data block throughout an entire network, making it secure and impenetrable.

The system was formerly impenetrable, but as hackers have improved their skills, they may now breach it, costing victims priceless assets. In one infamous incident, phishing scammers stole Taiwanese music artist Jay Chou’s Bored Ape NFT, which was valued at over US$500,000.

NFTs also referred to as Non-fungible tokens, are described as the digital tokens present in the blockchain network. These are the digital assets that are further transformed into a kind through the unique digital signature. Back in the day, NFTs were termed as the only means to sell and buy digital art, whereas today, it had successfully traveled to all spaces of life. There are several platforms that support NFTs. As a result, the dependencies of the NFT marketplaces are readily increasing. One such popular NFT platform is OpenSea which also faced its fair share of ups and downs in recent years.

One should be aware of many things before stepping into the sphere of buying and selling NFTs. As an NFT buyer, you will need a digital wallet for storing it. Every crypto lover must have guessed the second requirement. Yes, you would use cryptocurrency to buy NFTs. The NFT providers are slightly inclined towards Ethereum, which anyone could purchase easily from websites offering NFTs.

When it comes to selling NFTs, there are two main options. The first and most straightforward way is to have your own NFTs. However, in another way, the person selling their NFTs can mint it through websites like OpenSea and so on. Once the minting of NFT is done, it can be listed on any sites for sale.

Before getting into the NFT phishing attack on Opensea, let’s understand the significance of OpenSea.

Similar to eBay, Etsy, and Amazon, OpenSea is the first and the best non-fungible token marketplace which emerged as a game-changing marketplace. It was first introduced in 2017 by Alex Atallah and Devin Finzer in New York City. Shortly after entering the market space, it proved itself with its rising numbers. From its market capitalization to its trading volume, OpenSea offers it all. As per the recent survey conducted, OpenSea is the only platform to show a massive growth of almost 13 billion net worth.

In August 2021, OpenSea alone recorded more than $3.5 billion in NFT trading volume. Whereas it posted $21 million during the year 2020. Looking at the numbers, it would be safe to say that there is a massive rise of 12,000% in trading activities.

NFT collectors, investors, traders, and artists rated OpenSea as one of the best platforms; however, if you’re just starting off, it can be pretty confusing. Recently, in February 2022, news came where it was said that many NFTs were stolen from OpenSea. This led to the rumor that some other body hacks the NFT marketplace. However, the NFT market team completely dined to this and declared it a phishing attack. According to the OpenSea team’s analysis, about 32 users signed a malicious payload from the attacker, which resulted in their NFTs being stolen.

The chairman and CEO of OpenSea stated that the incident was a phishing attack and he, along with his team, does not believes that it is anyhow connected to the OpenSea website. Presently, the team is continuously in sync with users whose data has been stolen to track the attacker.

Non-custodial wallets are safe wallets where you control the private keys that safeguard your bitcoin and NFTs. A hardware non-custodial wallet is more secure than a custodial wallet, which is merely a marketplace or exchange where you store your NFTs.

With non-custodial wallets like the Ledger, you have to keep in mind a seed phrase that can be up to 24 syllables long. In addition, there are other security precautions, such as requiring a PIN and a physical device to access your money.

A non-custodial wallet can provide more security and shield you from phishing assaults, a common NFT theft method. Your bitcoin won’t be secure until you don’t share your seed phrase with anyone.

Make certain that you are researching the projects you are investing in. A blue checkmark will appear next to the official collection adjacent to verified projects on OpenSea. The transaction history of NFTs’ smart contracts will be published, making it easier to determine who created and owned an object initially. Verification can also take place using an NFT verification service, a search of the owner’s social media accounts, and NFT platforms. A digital certificate of authenticity is included with many NFTs.

There are several NFT marketplaces available, but it’s crucial that you only trade on those that are well-established and have a good reputation in the community. Some of the greatest NFT marketplaces go above and beyond to confirm user identity and offer a secure platform for buying and selling NFTs.

For instance, BuyUcoin has a well-known NFT marketplace where you can purchase and sell NFTs from a variety of well-known creators. Even better, it’s free to mint your own NFTs there. Additionally, BuyUcoin provides you with a history of the NFT’s ownership as security against cybercrime.

The roadmap is a project’s strategic plan. To demonstrate any NFT project’s long-term worth as an investment, it outlines and defines its objectives and aims. A thorough and well-considered roadmap should go a little further than that. You will learn about the project’s upcoming plans from it. And, how they intend to get there, including their marketing and growth objectives and plans.

Passwords should never be shared or used more than once. Each software wallet is given a seed phrase, which consists of a string of words, upon setup in order to regain access. Ironically, writing down your password on paper and going back to the analogue method is the greatest way to protect your bitcoin password — as long as you don’t lose it. Instead of using simply a username and password, it’s a good idea to use two-factor authentication (2FA) as an additional layer of security.

Unlike cryptocurrency, the NFTs value is completely based on the fact of how much the buyer agrees to pay for it. Keeping that aside, one should run in-depth research before considering NFTs to avoid deviations. Experts like Jack Dorsey, the CEO and co-founder of Twitter, along with Vignesh Sundaresan, a medic van, successfully earned around 70 million dollars worth of digital art NFTs on Beeple. If you’re someone who has a love for digital art, buying and selling NFTs can be your gem.

Believe it or not, the recent rise in the usage of decentralized banking and cryptocurrency is most likely to directly revolutionize the overall financial structure in the next decade and even the upcoming decades. In this horde of NFTs, OpenSea has emerged as one of the most promising platforms. However, taking the necessary steps to be extra safe gives you an upper hand.

BuyUcoin is the most secure and safe crypto exchange platform where our experts provide a series of products and services for selling, trading, and buying cryptocurrency easily in India. If you’re looking to start NFTs or crypto trading, get started with BuyUcoin now.

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Overview: Proof-of-Stake (PoS) is widely considered the future of cryptocurrencies, as Proof-of-Stake has been overtaking Proof-of-Work as a preferred consensus mechanism. PoS is generally more scalable, with lower transaction fees, and better energy efficiency.

Apart from its many benefits, PoS coins also allow investors to earn “interest” income — sometimes called “yield” — through a process called staking. In this article, we will look at the basics of staking and highlight the best staking coins you may want to add to your crypto portfolio.

[Looking for the best crypto staking yields right now, you can find that on our Best Staking Rates page.]

 

Digital Asset	APY	APR	Market Cap	Staking Ratio	1-year ROI (Jan 2021 – Dec 2021)	1-year ROI (Dec 2021 – Dec 2022)
Ethereum	4.97%	5.11%	$139.1 billion	13.05%	420%	-75%
Cardano	3.49%	-0.15%	%11.0 billion	71.39%	2,723%	-80%
Avalanche	8.25%	2.55%	$3.6 billion	62.64%	867%	-90%
Solana	6.51%	1.47%	$4.4 billion	68.54%	4,202%	-94%
Polkadot	14.19%	6.33%	$6.2 billion	48.96%	92%	-86%
Polygon	5.63%	3.18%	$7.1 billion	36.79%	15,275%	-52%
Algorand	7.13%	3.25%	$1.8 billion	52.76%	4,560%	-88%
Binance	4.06%	4.1%	$43.2 billion	83.9%	1,335%	-57%
Tezos	3.81%	3.8%	$898 million	75.46%	100%	-82%
Cosmos	19.25	5.98%	%2.7 billion	64.6%	500%	-66%
Near	9.78%	9.75%	$1.3 billion	42.34%	1,300%	-93%

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Ethereum (ETH)

APY: 4.97%
Market Cap: $139.06 billion
Staking ratio: 13.05%
1-Year ROI: 420% (Dec 2021), -75% (Dec 2022)

In our view, Ethereum is the blockchain project with the best long-term prospects. With its rich ecosystem of smart contracts, DeFi apps, and developers, it has the potential to dethrone bitcoin and become the world’s most valuable cryptocurrency.

Ethereum’s transition from a Proof-of-Work token to a Proof-of-Stake model in 2022 attracted the attention of investors who have pumped in $18 billion worth of tokens into the ETH2 staking after the merge was successful.

The requirements for solo staking are quite high – starting at a minimum of 32 ETH. Thankfully, individual investors on a lower budget can look at ETH staking pools. Like many other crypto investments, Ethereum enjoyed a strong bull run in 2021, with a projected annual ROI of over 420%.

While ETH has suffered from the subsequent bear market in 2022, it remains one of our top options for long-term staking due to the overall health of the blockchain and its projected growth rate.

Pros:

• Future growth potential
• Token/blockchain with high utility
• Staking pools are easily available

Cons:

• Token has an unlimited supply
• Solo staking is difficult and expensive

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Cardano (ADA)

APY: 3.49%
Market Cap: $11 billion
Staking ratio: 71.39%
1-Year ROI: 2723% (Dec 2021), -80% (Dec 2022)

Cardano was one of the original PoS tokens in the industry. At a time when Ethereum was struggling with high gas fees and scalability issues, Cardano held the title of “Ethereum killer” alongside other altcoins like Solana.

Although it made major gains in 2021, Cardano has been caught in a bearish grip for quite a while now. Although it is an innovative blockchain with smart contracts and new features, it has struggled to beat Ethereum’s adoption or ecosystem.

On the plus side, Cardano is still a vibrant project with a heavy focus on sustainability. It also has a very loyal community, and a strong development team. ADA is not a bad option for long-term staking.

Pros

• Innovative and feature-rich blockchain with constant updates
• Token available at a low price point
• Has the potential to grow
• Huge focus on sustainability

Cons

• Could face a sustained bear market
• Faces competition from Ethereum and other PoS blockchains

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Avalanche (AVAX)

APY: 8.25%
Market Cap: $3.6 billion
Staking ratio: 62.4%
1-Year ROI: 865% (Dec 2021), -90% (Dec 2022)

Another contender for the title of “Ethereum killer,” Avalanche rose to prominence with the claim of being the fastest blockchain network in the world. It used a native protocol called Snow, as well as sub-networks to achieve high transaction speeds and low latency while retaining scalability.

In 2021, its AVAX native token was in the top ten list of crypto assets by market capitalization. The coin is a favored option for staking due to its finite supply, which has the potential to increase prices.

Although it has fallen heavily in 2022, AVAX could still prove to be an excellent long-term investment. The blockchain is heavily backed and has partnerships with mainstream firms like Deloitte.

Pros

• Has a finite supply of 720 million tokens
• Popular project with mainstream visibility
• Partnerships with Mastercard and Deloitte

Cons

• Token price has fallen sharply in 2022
• Was linked to the Terra-Luna project

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Solana (SOL)

APY: 6.51%
Market Cap: $4.4 billion
Staking ratio: 68.54%
1-Year ROI: 4202% (Dec 2021), -94% (Dec 2022)

Perhaps a closer rival to AVAX and Cardano, Solana is a PoS blockchain with a heavy focus on scalability. One of the fastest blockchains in the world, this Ethereum competitor also boasts extremely low gas fees.

The Solana ecosystem is also quite robust and diverse, with DeFi projects, Web3 apps, NFTs, and more. The SOL token enjoyed a wild ride in 2021, reaching an all-time high of $260 in November.

Although the price has corrected sharply in 2022, particularly following the FTX disaster, Solana remains a decent option for long-term staking with excellent APY offered at all major staking platforms.

Pros

• A diverse ecosystem with DeFi, NFTs, and Web3 apps
• Very low transaction fees
• One of the top 10 most valuable blockchain projects

Cons

• Frequent network outages are a major concern

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Polkadot

APY: 14.19%
Market Cap: $6.2 billion
Staking ratio: 48.96%
1-Year ROI: 92% (Dec 2021), -86% (Dec 2022)

Polkadot is unique among PoS blockchains, with an ultimate aim to connect many different blockchains on a central platform. Unlike other major blockchains, Polkadot does not suffer from the highly divisive “fork” model of upgrades. Instead, the individual blockchains inside the network can upgrade on their own.

With its innovative premise, collaborations with other projects, and strong market capitalization, Polkadot could be a good PoS blockchain for staking. The native DOT token is also the staking and governance token.

Pros

• Unique blockchain design among its PoS peers
• High market capitalization
• Potential for high staking returns

Cons

• The mission to unite all blockchains seems extremely ambitious; is it realistic?

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Polygon

APY: 5.63%
Market Cap: $7.1 billion
Staking ratio: 36.79%
1-Year ROI: 15275% (Dec 2021), -52% (Dec 2022)

Originally called the Matic Network, Polygon was developed to provide scaling support for the Ethereum blockchain. When ETH struggled with high gas prices, Polygon managed to provide the same features at a lower cost and with better scaling.

The staking and governance token on the network is called Matic. It has a finite supply of 10 billion tokens, which makes it more attractive from a long-term staking POV. After seeing massive gains in 2021, the token devalued sharply in 2022 as part of the wider market trend.

At the same time, the network has announced various upgrades and expansion plans, including a green initiative to battle climate change, expand a global payout system, and bring stablecoins and NFTs to the platform.

Pros

• Blockchain with many features and high market capitalization
• Has some of the highest APYs
• The Matic token has a finite limit

Cons

• Blockchain is still in the early stages of evolution

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Algorand

APY: 7.13%
Market Cap: $1.8 billion
Staking ratio: 52.76%
1-Year ROI: 4560% (Dec 2021), -88% (Dec 2022)

A Layer-1 blockchain just like Ethereum, Algorand was designed to provide better features and efficiency than the ETH 1.0 blockchain. Unlike other PoS blockchains, Algorand goes one step further and uses a pure PoS or PPoS consensus mechanism.

With completely permissionless consensus, Algorand can process thousands of transactions per second. Its other main advantage is a forkless design: updates can be added seamlessly without the need for messy and divisive forks.

Although the token ALGO had some notable spikes in value in 2021, Algorand has generally struggled to find relevance over the last 1-2 years. With increasing competition from other blockchains, ALGO could face a bearish future.

Pros

• Very easy to become a validator
• Forkless blockchain with fast transactions
• Unique Pure PoS mechanism

Cons

• Token facing pressure from other PoS tokens and ETH 2.0

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Binance Coin (BNB)

APY: 4.06%

Market Cap: $43.2 billion

Staking ratio: 83.9%

1-Year ROI: -57%

Binance Coin started as an ERC-20 token issued on Ethereum before the launch of its Binance Chain blockchain (BNB Beacon Chain and Binance Smart Chain). The coin was designed to pay exchange trading fees, and any other expenses incurred in the Binance exchange.

BNB has since expanded from an exchange token and is now an integral part of the Binance ecosystem. Its first chain, BNB Beacon, uses a consensus mechanism known as proof of staked authority (PoSA) for validating transactions. PoSA is a combination of delegated proof of stake (DPoS) and proof of authority (PoA) consensus algorithms.

As Binance is perhaps the leading crypto company in the world, we view BNB as a proxy for investing in Binance stock.

Pros

• BNB has a unique burn policy
• One of the best utility tokens
• Low fees and fast transactions

Cons

• Regulatory risk in the future

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Tezos (XTZ)

APY: 3.81%

Market Cap: $898 million

Staking ratio: 75.45%

1-Year ROI: -82%

Tezos was founded in 2014 and launched four years later as a smart contract platform for dApps. Since then, the platform has made a considerable amount of buzz within the crypto community.  

The project has its variation of PoS known as Liquid Proof of Stake whereby the process of validating is known as “baking.” A baker (node) creates a block which is sent to other bakers for attestation. The baker is then rewarded for adding a block while the other nodes are rewarded for attesting.

The platform also sets itself apart with forkless upgrades. This ability to easily evolve and improve with technology makes it a top contender in the best PoS coins to invest.

Pros:

• Can delegate XTZ to earn partial awards
• Allows forkless upgrades
• Growing number of dApps in its ecosystem

Cons:

• May be difficult to beat the competition and achieve mainstream adoption

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Cosmos (ATOM)

APY: 19.25%

Market Cap: $2.7 billion

Staking ratio: 64.6%

1-Year ROI: -66%

Advertised as the “internet of blockchains,” Cosmos was created to facilitate communication between blockchains without relying on a centralized party.

The Cosmos hub, which facilitates interoperability between independent chains, is a Proof-of-Stake blockchain powered by its native cryptocurrency, ATOM.  Like most coins, ATOM went on an impressive run in 2021 before the sharp correction in 2022.

That said, its developer friendliness, interoperability, and other ambitious plans may position Cosmos as one of the best PoS platforms.

Pros:

• Ensures efficient connection between independent blockchains
• ATOM is still currently cheap
• Developer-friendly modular framework

Cons:

• Cosmos has not quite taken off yet in terms of adoption

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Near Protocol (NEAR)

APY: 9.78%

Market Cap: $1.3 billion

Staking ratio: 42.34%

1-Year ROI: -93%

Near Protocol is another Layer-1 protocol that strives to be the fastest and the cheapest on the block. At the core of Near’s design is the concept of sharding, a way of partitioning the network into smaller segments known as shards. This divides the work of processing transactions across many nodes, therefore, creating a more efficient way of scaling the network.

Near is in the second phase of implementing “Nightshade,” which will make the network fully sharded (dividing the actual blockchain instead of just the responsibilities). NEAR is the native token of the NEAR ecosystem: with a total supply of 1 billion tokens, it offers attractive staking rewards.

Pros

• Sharding makes NEAR’s scalability theoretically infinite

• 24-36 hour unbonding period
• Low transaction fees

Cons

• There’s already a lot of competition in the space

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What is staking?

Staking is the process by which investors can earn rewards by pledging certain cryptocurrencies for a preset amount of time. The crypto assets are selected for staking and locked away and earn passive income that is similar to earning interest income on a bank account.

Not all cryptocurrencies earn staking rewards. Only those tokens that use a “proof-of-stake” consensus mechanism are suitable for staking, such as those listed above.

Staking is an attractive opportunity for cryptocurrency owners to earn extra income. It is popular due to the following reasons:

• Most crypto investors hold assets for a long period, often several years. Staking allows you to put those idle funds to work.
• The annual yield from staking is often much higher than that you would earn from keeping fiat currencies in fixed deposits, bank accounts, and even treasury bonds.
• Staking is quite flexible, with the option to lock away funds for weeks, months, or years.
• Any rewards you earn from staking can be put back into the account/node to earn compound interest.

That is the simple explanation from the perspective of crypto owners and investors. To understand why staking is necessary for certain cryptocurrencies, and how it works, we need to take a deep dive into the difference between the two consensus mechanisms in crypto:

What is Proof of Work?

Cryptocurrencies are decentralized – they don’t have a central authority like a bank or credit card company to provide security and prevent fraud. Instead, a blockchain network relies on something called a consensus mechanism.

The earlier cryptos like bitcoin and Ethereum 1.0 used a “proof of work” mechanism. Here, transactions on the blockchain are securely validated by individuals/entities using huge amounts of computer processing power to solve complex puzzles.

These individuals are called miners. To become a fully capable miner, you need to spend a considerable sum on the computer hardware needed to solve the blockchain puzzles. The first miner to successfully solve a puzzle gets the chance to write/validate the next block of transactions on the blockchain. And importantly, if they are chosen to write the next block they also receive the block reward, which can be worth tens of thousands, or even hundreds of thousands of dollars.

While quite effective at maintaining network security and preventing unauthorized transactions, mining is not a very sustainable or efficient process. It is also unsuitable for complex blockchains that involve smart contracts and other applications.

This is why an alternative consensus mechanism was developed – proof of stake. In proof of work, transactions are validated by miners who earn the right to do it by spending a tremendous amount of money and energy on solving math equations.

In proof of stake, the system is further simplified – validators are network participants who invest their funds in the blockchain via staking. The crypto staked by these individuals acts as a guarantee for the legitimacy of transactions.

How Does Staking Work?

Staking is generally a democratic process. Although the finer details can vary widely depending on the blockchain, the basic process is the same – anybody can stake funds as long as they have the following things:

• The appropriate cryptocurrency. Some blockchains have a minimum qualifying limit to become a validator.
• A specialized computer system to perform validations without any interruptions, ideally 24×7.
• Technical knowledge to set up and optimize the validator node, reduce downtime, and ensure network security.

Most of these requirements are out of reach of the average individual investor. For example, to become a validator on the ETH 2.0 network, you need to commit 32 ETH (over $56,000) to the blockchain. And then there are the technical considerations of running a node.

Thankfully, there are other simpler ways to get into staking. Major exchanges usually run staking pools – server nodes that aggregate investments from multiple smaller investors to improve the chances of validating a block and earning crypto rewards.

Staking pools have low barriers to entry. You can start by investing just a handful of the relevant token. They also come with various lock-in periods, ranging from a few days to several months. You don’t need any specialized technical knowledge to join a staking pool.

When you join a staking pool, you have the option to select the tenure – typically, a longer tenure will come with the promise of greater yields. Some pools have a lock-up period – you will be unable to access or withdraw your coins until the end of this period.

The network will start paying out your staking rewards at a predetermined time. You may get the rewards on a daily/weekly/monthly/ or quarterly basis, depending on the rules of the blockchain/staking pool.

You have the option to withdraw these staking rewards or add them to the existing ones to increase your future earnings. This is called compound interest and it can play a powerful role in augmenting your income from staking.

What to Look for in PoS Coins

If you take a look at the current cryptocurrency market, you will find numerous coins that operate with a PoS consensus mechanism. When considering an investment in PoS coins, you need to choose your investment carefully. Pay attention to at least the following five factors:

• Market capitalization and trading volume: Well-established blockchain projects like Ethereum, Solana, and Avalanche are less likely to be abandoned down the line when compared to obscure projects with a low market cap and trading volume.
• Minimum staking requirements: Becoming a solo validator is not easy, especially in some of the bigger blockchains like Ethereum. You may be required to stake close to $100,000, depending on the market price of the crypto. Such a setup is not for everyone.
• The simplicity/intricacy of the setup: Some staking setups require investors to install expensive hardware, or have advanced technical knowledge of the network systems. For example, you need at least 256GB RAM and 16 Core systems to run a Solana node.
• Staking Yield: Whether you are interested in running a validator node or joining a staking pool, the expected yield is often a decisive factor. Perhaps the most obvious metric involved in staking, yield determines how much you stand to earn on your investment.
• ROI: Yield percentages alone do not tell the whole story. The ROI is a vital metric that tells you the projected dollar value of your staking returns. ROI is usually calculated across a specific period, like one year.

Unfortunately, ROI in staking can be hard to pin down, as it is tied to highly unpredictable factors like the future price of a crypto. The basic rule of thumb is this – you do not want your earnings dependent on an asset that is likely to go to zero with the next market downturn.

Why ROI instead of APY?

If you take a look at the table at the top of this newsletter, you will find cryptos with a wide array of Annual Percentage Yields or APY. However, you should never pick a staking token purely based on the promise of high APY. This is due to the price volatility of the underlying token: your original investment.

If the value of that token stayed the same throughout your staking tenure, you can base your decision on APY alone. However, this rarely happens in the highly volatile world of cryptocurrencies. Prices can increase or decrease drastically within a matter of days.

Here is an example of how it can affect your returns down the line. Consider two tokens, A and B, with the following characteristics:

• Token A costs $10 and has an attractive APY of 30%.
• Token B costs $10 and has a lower APY of 5%.

You buy 100 tokens apiece of Token A and B, spending $1000 on each. At the end of the staking period (one year), you will have 130 A tokens and just 105 B tokens.

But imagine a situation where both tokens have changed in price (which they will):

• If Token A grew modestly in price to $15, you now have $1950, a profit of nearly 100%.
• But if Token B took off in value and now sits at $30, you will have $3150, tripling your original investment.

At the end of the day, your crypto investments are only worth the money you will get when you sell them at an exchange. This is why you need to look at ROI, which takes token price into consideration.

If you have the nominal APY of a PoS token, as well as its historical pricing, you can do some ROI calculations on your own. The basic formula is:

ROI = [k * (1 + RR) -1] * 100

Here, k is the price change coefficient and 1+RR is the nominal yield coefficient.

Here is an example to help explain it further: Ethereum has a nominal yield of around 4.08%, not including compound interest. To calculate the price change coefficient k, let’s look at the price of the token 12 months apart:

• ETH price on August 1, 2021 – $2530
• ETH price on July 31, 2022 – $1695
• k = 1695/2530 = 0.669

If the nominal yield is 4.08%, RR is 0.0408, and 1+RR is 1.0408, then using the full formula, we get:

ROI = (0.669 * 1.0408 – 1) * 100

= (0.696 – 1) * 100 = -0.304 * 100 = -30.4%

Investor Takeaway

With new and existing blockchains striving to become more efficient and sustainable, Proof-of-Stake coins may be a sound long-term investment to consider. They allow you to earn interest from assets that would otherwise be dormant.

Never invest in a staking token unless you fundamentally believe in the underlying project. Staking yields change frequently, so the long-term potential of the underlying investment should be your primary concern: staking rewards are just the icing on the cake.

 

For first-look information on staking tokens (find out before the market does), subscribe to our free newsletter.

 

Trading is no longer a sphere controlled by stock pundits, thanks to technological advancements and better knowledge of the stock market. Today, everyone may trade and make a profit. Intraday trading is a critical component of trading.

With cryptocurrency’s popularity growing in recent months and years, a new breed of investors, ranging from millennials to baby boomers, is experiencing FOMO and pouring into cryptocurrencies. Traders are looking at new ways to benefit from a sector that does not appear to be slowing down. Among the various methods of trading crypto coins on an exchange is an established tactic known as crypto arbitrage, which is commonly utilized in traditional markets.

This blog will explain Intraday and Crypto Arbitrage Trading, their pros and cons, the risks involved, etc.

Intraday is an abbreviation for “inside the day.” The word is used in the financial sector as a shorthand to identify securities that trade on the markets during regular business hours. These assets include stocks and exchange-traded funds (ETFs). The asset’s intraday highs and lows are also referred to as intraday highs and lows. Intraday price changes are especially important for short-term or day traders who want to make many trades in a single trading session. When the market closes, these frantic traders will close out all their positions.

In general, crypto arbitrage trading is a trading strategy in which traders buy one type of cryptocurrency on one exchange and sell it on another to benefit.

Because there are thousands of crypto assets listed on hundreds of exchanges, the price of the same crypto asset on various markets may differ. As a result, traders have the possibility to profit. It is analogous to the old financial “arbitrage” approach, which takes advantage of an asset selling at a low price in one market but at a high one in another.

The greatest hurdle for arbitrage traders is that they must identify pricing disparities and trade in a short period. Because prices change so quickly, the opportunity for profit frequently expires. However, because the prices are so similar, the returns are often poor, implying that they must spend substantial money to achieve a respectable profit.

Intraday trading necessitates extensive trading knowledge and is regarded as a high-risk investment technique. Scalping, momentum trading, range trading, and technical analysis are some examples of intraday trading tactics.

Scalpers attempt to swiftly enter and exit positions with tiny profits on a large volume of trades. The premise is that a large number of deals can add up to huge profits. Scalpers seldom retain the same position beyond the trading day since overnight trading might reduce their earnings. Instead, they prefer to purchase and sell shares fast, often within the same day, to hit their price targets.

Momentum traders determine if an asset is moving up or down and then try to capitalize on that momentum. Momentum traders can hold stocks for more than a day but also trade intraday. If the price of a stock rises, a momentum trader may buy it and then sell it at a higher price for a profit. If a stock is falling in value, the trader will short it and sell it to profit from the decline. Momentum traders frequently trade on stock price swings influenced by news.

Range traders profit from stocks that move inside a specific range without exceeding a given price (level of resistance) or falling below a certain price (level of support) for an extended period of time. Range traders, for example, will want to purchase at the low end of the range and sell at the high end.

Traders use technical analysis to examine historical price movements in order to uncover patterns that will help them anticipate future price fluctuations. They utilize such information to determine when to purchase and sell. Technical indicators may be used in conjunction with other trading methods like scalping, momentum trading, range trading, and others.

Between two exchanges (also known as “Spatial Arbitrage”) and more than two exchanges (also known as “Triangular Arbitrage”) are the two most frequent ways for doing crypto arbitrage between them.

• Spatial Arbitrage
  Spatial arbitrage entails purchasing a crypto asset at a higher price from one exchange and selling it at a lower price on another exchange that lists the same asset. This is the most popular way to profit from pricing differentials. The same idea applies best across exchanges in two geographically distant nations, such as a crypto exchange in the United States and a crypto platform in the United Kingdom.
• Triangular Arbitrage
  There is always a price difference between various cryptocurrency pairings. As a result, triangle arbitrage traders will take advantage of this opportunity to profit. They can purchase one cryptocurrency and then trade it for another that is undervalued in comparison to the first on the same exchange. For example, you could buy BTC using SOL, then use BTC to buy ETH, and finally buy SOL back with ETH. There is an arbitrage opportunity if the value of ETH and BTC does not match the value of each of those coins with SOL.

Various risks are involved in these types of trading. Let us look into the major risks involved:

• Because intraday holdings have a limited time to pay off, there is a focus on ensuring that any loss-making bets are liquidated as quickly as possible. Stop-loss limits are often tighter than for longer-term strategies, and trailing stop-loss instruments can be employed to guarantee that any holdings that begin earning a profit do not turn loss-making if the trend reverses.
• Arbitrage trading comes with a number of dangers. Slippage is one of these. Slippage happens when a trader places an order to acquire a cryptocurrency that is greater in size than the cheapest offer in the order book, causing the order to ‘slip’ and cost more than the trader anticipated. This is a problem for traders, especially when the margins are so narrow that slippage might wipe out potential profits.
• When a high number of transactions are executed, the win-loss ratio becomes an essential issue. If individual transactions had a gain-loss ratio of 2:1, a portfolio with a win-loss ratio of 50/50 would be beneficial. Intraday trading is mostly a numbers game, with little time to fall in love with any particular holdings.
• Another risk associated with arbitrage is price movement. Traders must be fast to capitalize on spreads when they occur, as the spread may vanish in a matter of seconds. Some traders use bots to do arbitrage trading, which has increased competition.
• Beginners, in particular, should practice short selling on a simulated account before spending real money. A short squeeze’ is a particularly dangerous situation because prices can increase faster than they can fall. In other words, your losses on long bets are limited to the stake you deposit. Because upward movement is theoretically endless, losses on short bets can be severe. Stop losses on short positions are essential for avoiding anxiety from sneaking into trading choices.
• Finally, dealers must consider transfer costs. Spreads on popular cryptocurrencies are seldom exceptionally wide, and with such low margins, a transfer or transaction charge might wipe out any potential profit. Because of the small margins, any trader who wishes to make a significant profit must perform a large number of transactions.

Arbitrage is a trading strategy based on a basic occurrence that happens in all marketplaces where goods or services may be traded.

Although simple in nature, its application in a profit-generating system is significantly more difficult and dangerous. Many external considerations must be considered, and competition in this industry is severe, even in the cryptocurrency world.

Being a novice in any domain may be difficult. Still, if your risk profile leans toward the aggressive, and you can devote considerable hours of your day to understanding market movements, intraday trading may be a good fit for you.

And for all your queries and worries related to trading, cryptos, and NFTs, we at BuyUcoin are always ready to help you and guide you completely. Don’t forget to visit our website for all your queries!

Are you interested in boosting your cryptocurrency and Bitcoin-based passive income sources? Do you want to know the most straightforward technique to enable the amount of cryptocurrency you are currently earning? As cryptocurrencies gain popularity, chances for passive income increase. Making money continuously without active participation is the goal of the passive income creation of bitcoin. You can now put your Bitcoin to work for as long as you like rather than taking unnecessary trading risks, putting in tedious effort, or having it sit there and not earning anything. Take your time setting things up. Once they’re set up, they will continue making money for you without much work. Here are a few ideas for creating pass cryptocurrency-powered passive income opportunities to get you started. You can combine a few techniques to create numerous automatically recurring revenue streams.

1. Cloud Mining

2. Referral Programs: Get Paid to Refer a Friend

3. Market NFTs

4. Online eBook sales

5. Create an account on YouTube

1. Cloud Mining

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With the development of cloud mining, it is now possible to mine cryptocurrencies utilizing rented cloud computing power without owning or directly running any specialized software or gear. Individuals can participate in bitcoin mining remotely by registering an account and paying a small fee. As a result, cloud mining companies have increased mining’s accessibility and profitability for a broader range of people. Anyone can mine Bitcoin from the comfort of their home with the cloud mining sites Bytebus. Bytebus uses cutting-edge mining equipment to enable consumers to mine various coins for affordable prices. As a result, they get the best return on their investment from the mining business.

Here are a few reasons why users should use Bytebus as their Cloud Mining platform:

• Sign up and get $10 immediately.
• The Website has around 360,000 users from 120 different countries.
• Since its founding, over a million transactions have been made.
• With the platform, you can mine more than ten other cryptos.
• No maintenance or deposit charges.
• Numerous investment options, including daily free plans for novice cloud miners and hash rate contracts for various cryptocurrencies, including the Litecoin stablecoin and Bitcoin.
• It offers a referral program where you can recommend friends and receive a 3% commission.
• DDoS defense and SSL are used to secure and safeguard the system.
• A variety of high return plans are available, with daily interest rates of 2-10%.

Key Statistics: Supported Coins: BTC, BCH, LTC, ETH, XRP, USDT, USDC, DASH, etc. 

Price: Free Trials Beginning at $10 with Additional Costs for Continued Use On this platform, users can create accounts for themselves and immediately begin generating passive revenue daily.

For more details, Website: https://bytebus.com/  

2. Referral Programs: Get Paid to Refer a Friend

Setup: Simple Time commitment: Limited Budget needed: Free How: Through a website

Numerous cryptocurrency affiliate schemes will pay you for sending new users to their Website or app. Joining referral programs is free. You’ll receive a unique URL after creating an account. You can start spreading the link wherever you’d like, including on websites, blogs, forums, and social media. You will get paid whenever someone uses your connection to sign up or buy something. The most significant benefit is the ability to start quickly and make money. Additionally, even after you put in all that effort, money would continue to come in for days, weeks, months, and even years. Referral programs can be a terrific way to get some decent passive income if you currently operate a blog or Website or have a large social media following.

You can start making money even if you don’t invest. You are qualified to receive a 3% referral commission bonus for each purchase completed by one of your referrals. For instance, you would receive $3 for free if someone used your referral code to make a $100 transaction.

For more details, Website: https://bytebus.com/referralprogram

3. Market NFTs

NFTs, or non-fungible tokens, are distinct assets kept on a digital ledger. The wonderful thing about NFTs is that the investment you store can be priceless. For anything, including digital designs, photography, music, games, GIFs, and even video, you can generate NFTs.

An NFT is simple to create. You can sign up for an account and follow the step-by-step minting procedure using websites like OpenSea (which involves some additional gas fees).

NFT revenues have already soared beyond the $10 billion threshold despite being a young sector. It is still possible to enter the area. Just be aware that both the minting expenses and the time required to produce NFTs that will sell require an upfront commitment.

4. Online eBook sales

Today, self-publishing is common. There’s a decent possibility you’re buying a self-published book when you buy an eBook from Amazon. Self-publishing is also absurdly simple. When I attempted it a few years ago, The simplicity of it astounded me.

You must write, edit, and create a book’s cover before uploading it to a self-publishing platform like Amazon’s Kindle Direct Publishing. But don’t count on success right away. Before you can transform this into a passive income stream, there will need to be a significant amount of upfront marketing.

Making printables that you can sell online is a comparable choice. Since printables don’t cover as much ground as an entire eBook, they’re simpler to make and allow you to profit passively from sales. On the first day of this online course, you will learn how to produce goods to sell on Fiverr and Etsy. You will also learn how to: The Selling E-Printables Course.

5. Create an account on YouTube

It’s still possible to launch a YouTube channel. In the US, a staggering 74% of individuals utilize YouTube. That is a sizable audience to draw in for passive income. The problem? It takes much work at the beginning for little to no reward.

However, a successful YouTube channel has great potential for passive revenue if you have a long-term perspective and don’t mind front-loading your work. As you build up content, clicks, and views and expand your audience, passive income streams like affiliate sales, sponsorships, branded integrations, and ads can all pile-up.

Conclusion

We have included five simple techniques to quickly earn enormous profits if you’re seeking a new way to obtain passive cryptocurrency. Additionally, they don’t require much time, so start making a lot without stress. You can also earn more effortlessly without doing much.

Ravencoin is a peer-to-peer blockchain that facilitates the production and transfer of assets between users. The Ravencoin system operates on a fork of the Bitcoin blockchain and includes capabilities that enable token generation. The primary objective of the network is asset transfer.

Established in January 2018, Ravencoin is an open-source project featuring a Proof-of-Work incentive system. It received its name as a reference to the HBO show Game of Thrones. The project differs from Bitcoin in four ways:

• The issuance schedule (with a 5,000-block reward);
• The lowered 1-minute block time;
•  A 1000 times larger total currency supply than Bitcoin, and
• A redesigned mining algorithm.

The project lacks a defined development staff and is driven by the key crypto enthusiasts: RavencoinDev, Chatturga, and Tron, with Bruce Fenton, a Bitcoin Foundation Board member, advising the initiative. The project was launched transparently, with no pre-mine ICO or master nodes. Soon afterward, Overstock CEO Patrick Byrne revealed that the company had made a multi-million dollar investment in the asset.

Ravencoin Price Prediction | Introduction

Ravencoin cryptocurrency is a peer-to-peer blockchain that allows users to produce and trade digital assets. Other blockchains can also transfer assets, but they are slower and unsuitable for this purpose because they were not specifically intended for it.

Ravencoin may be used to create asset tokens for a range of items, including real estate and corporate shares, as well as video game collectibles and community points. Anyone may generate new assets with Ravencoin, but they must first burn tokens.

The open-source project lacks a well-established development foundation or team. Instead, it is led by other core developers such as Bruce Fenton of The Bitcoin Foundation. However, due to its potential predicted value, it has received financial backing and support from crypto supporters like Overstock CEO Patrick Byrne.

Ravencoin is a Bitcoin hard fork that employs a similar UTXO structure. It has one of the best fork price forecasts compared to assets like Bitcoin SV, Bitcoin Cash, and others. It is distinguished by a total maximum Ravencoin supply of 21 billion vs. 21 million BTC, a quicker block generation time that is one-tenth that of Bitcoin, and the adoption of a different mining method to avoid ASIC mining.

The Ravencoin reward issues started at 5,000 RVN coins. Ravencoin was not formed as part of an ICO and did not have a pre-mine. Unlike Ripple, Ethereum, and other prominent projects, RVN coins are not held in a pool by founders that hovers over the market as possible distribution. To get started, a quantity of RVN must be burnt, and a name for the token must be picked. The entire amount and future issuance can be selected when tokens are created.

Ravencoin Price Prediction: Technical Analysis

Ravencoin’s price follows the general trends of the cryptocurrency market. As a result, its value soared in February, reaching an all-time high of $0.285 on February 20. Despite the sharp drop in crypto prices shortly afterward, the token held this level until the beginning of May, when most cryptos began to lose ground behind Bitcoin.

By the beginning of June, the asset had lost even more value and was trading for less than $0.08. It decreased further, falling to $0.04 on June 22. The token remained at the same price level for another month before beginning to rise at the beginning of August.

On August 8, the token price reached $0.09 and dropped to $0.08 before skyrocketing to $0.15 the next day. The Ravencoin’s price had even reached $0.17. However, the price fell over the next two weeks, resulting in a Ravencoin token price traded for $0.15. on September 5.

Following that, Ravencoin fell to a support level of $0.12, bouncing between $0.09 and $0.12 until the end of October. During that time, the token’s value reached $0.14, but it could not maintain this level and began to fall steadily. Below is an outline of Ravecoin’s price performance in the last six months.

Month	Open Price	Closing Price	Month High
November	$0.03150	$0.02206	$0.03345
October	$0.03545	$0.03760	$0.03150
September	$0.02856	$0.03544	$0.07529
August	$0.03712	$0.02854	$0.04193
July	$0.02302	$0.03715	$0.04238
June	$0.02969	$0.02297	$0.03000

The source of the numbers above can be checked here.

Ravencoin Price Prediction: Market Opinions

TradingBeast estimates that the Ravencoin price will rise to over $0.034672 by December in their Ravencoin price predictions for 2023. PricePrediction.net forecasts Ravencoin’s future growth as well, predicting that the Ravencoin price will reach $0.033 by the same time. WalletInvestor, on the other hand, continues to forecast Ravencoin price declines, projecting values around $0.00348 in 2023.

Digitalcoinprice.com predicts that Ravencoin is expected to be worth at least $0.0479 in January 2023. The Ravencoin price can reach a maximum of $0.0546 with an average trading value of $0.0538 in USD. Ravencoin is expected to be worth at least $0.0471 in December 2023. The Ravencoin price may reach a maximum of $0.0563 with an average trading value of $0.0477.

Changelly.com states that according to a review of Ravencoin pricing in recent years, the minimum price of Ravencoin in 2023 is expected to be about $0.0329967. The most likely RVN price will be approximately $0.0389961. In 2023, the average trade price might be $0.0339966.

Ravencoin Price Forecast for December – January

Ravencoin technical analysis by Cryptonewsz.com predicts that by the end of 2022, the coin will have an average trading price of $0.0436, with a high value of $0.0459 and a low value of $0.0413. They estimate a slight price increase in January 2022.

Ravencoin Price Forecast for 2023

According to a Ravencoin price prediction for 2023 by Cryptonewsz.com, the token could reach a high of $0.0984 and a low of $0.0789 in 2023. At the same time, they expect that the coin will trade at an average of $0.0887. The price change could be around 24.71%, a significant increase over the current price.

At the time of the writing, Ambcrypto.com seems more optimistic about the coin’s future. According to their price predictions, the coin could trade between $0.13 and $0.15 at the beginning of 2023, with an estimated average of $0.14. They predict a price range of between $0.16 and $0.19 by the end of the year, with an average trading price of approximately $0.18.

Cryptocurrency Experts and Influencers

Captain AltCoins RVN coin price estimate was pessimistic. According to the site, the coin might fall to $0.0204 by the end of 2022. On the other hand, according to Primexbt.com, Overstock CEO Patrick Byrne sees Ravencoin’s potential as immense, and Ravencoin’s predicted development is something to get behind. He has invested millions of dollars into the project. Patrick Byrne, a crypto enthusiast, feels Ravencoin’s value will increase in the future.

Latest News about Ravencoin

According to an article published by Coincodex.com on November 8, 2022, Ravencoin has recently been on a downward trend, losing -22.43% in the last 30 days. Ravencoin’s medium-term trend has been negative, with RVN falling by -24.21% during the previous three months. When was written the Coincodex.com article, Ravencoin’s long-term outlook was gloomy, with RVN now showing a -79.21% 1-year price change. RVN was trading at $ 0.133689 in the same month last year.

Ravencoin hit its all-time high price on February 20, 2021, when it peaked at $ 0.285. The current RVN cycle high is $ 0.075266, and the current cycle low is $ 0.017195. RVN has recently seen minimal volatility, with the coin’s 1-month volatility standing at 4.28. 

FAQs

What Is Ravencoin?

Ravencoin, which was launched in 2018, is a Proof-of-Work blockchain mainly built to support token issuance, serving as an alternative to existing token-capable chains such as Ethereum. Ravencoin tokens may be used for several applications, including the representation of NFTs and real-world assets. The concept of the project is mainly similar to that of Bitcoin: block rewards, total supply, and unique Ravencoin mining algorithms are optimized for efficient token transfer and decentralization.

How to Buy Ravencoin?

Ravaceoin is available on many cryptocurrency exchanges, including Binance, Gate.io, Bit2me, and more.

What Is Ravencoin Used For?

Ravencoin is a blockchain cryptocurrency network that allows token holders to transfer assets to one another. The project, which is deliberately limited to this single application, aims to overcome the challenges related to asset exchange.

Ravencoin Price Prediction: Verdict

The analysis cited above shows that Ravencoin (RVN) estimates are rather inconsistent. There is no universal agreement on whether future RVN price fluctuations will be positive or negative.

Indeed, potential future development depends on various factors, including new technological solutions developed by Ravencoin initiatives, announcements, the crypto ecosystem in general, legal status, and so on. Buyers should conduct their own research before investing in the coin.

* The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.

Key Takeaways

• The crypto ecosystem shed $2 trillion in market value and lost several major players in 2022, but it didn’t die.
• Terra, Three Arrows Capital, FTX, and a host of other big entities suffered wipeouts that characterized crypto’s turbulent year.
• Ethereum also completed “the Merge” to Proof-of-Stake after years of anticipation.

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From crypto war relief to multi-million dollar hacks and industry-shaking blowups, 2022 was another eventful year for the digital assets space. 

The Crypto Moments of the Year 

If you asked the average person on the street to sum up 2022 in crypto, there’s a good chance they’d tell you this was the year the technology died. Thousands of investors who came in drunk on bull market euphoria last year vowed to leave the space forever in 2022 as the hangover kicked in, but there were a few diehards who stuck around. 

For those who did, this was hardly a quiet year. Sure, our coins tanked in dollar value this year as the industry suffered a $2 trillion rout, but there were plenty of major events to keep us entertained. Or if not entertained, at least occupied. 

As is typical of bear markets, some of the landmark events of the year were also some of the most catastrophic. And few would argue that 2022 was one of crypto’s most catastrophic years yet. We watched in shock as Terra, Three Arrows Capital, and FTX fell like dominoes only a few months apart. People suffered staggering losses and it felt like the industry was set back by years. 

Nonetheless, 2022 gave us a few positive developments. Ethereum had a good year despite ETH’s weak price performance as “the Merge” finally shipped. We also saw governments worldwide acknowledge crypto’s potential against a backdrop of war and soaring inflation. 

2022 was one of crypto’s rockiest years ever, but the industry survived. During crypto’s last bear market, there was a question of whether the ecosystem would pull through. In 2022, those watching the space closest have no doubts that crypto is here to stay. And not just here to stay, but after the events of this year, the foundations should be stronger than ever in 2023 and beyond. 

For now, though, the industry is still reflecting on what was—by all accounts—a memorable, if not entirely positive, year for the crypto ecosystem. Here were the 10 most important moments. 

Canada Freezes Freedom Convoy Funds

The first major crypto event of 2022 did not occur on-chain, or even online, but in Ottawa, the capital city of Canada. On January 22, hundreds of Canadian truckers departed from various parts of the country to begin congregating at Parliament Hill to protest against COVID-19 vaccine mandates and restrictions. Since the government refused to negotiate with them, the so-called “Freedom Convoy” took control of the streets. Law enforcement struggled to remove the protestors due to the size of the convoy and vehicles. 

On February 14, in response to the protests, Prime Minister Justin Trudeau invoked the Emergencies Act, which temporarily gives the government extraordinary powers to respond to public order emergencies. The Trudeau administration then ordered Canadian financial institutions to freeze the bank accounts of protesters—as well as anyone supporting them through donations—in a bid to cut their funding. Undeterred, the demonstrators switched to crypto, which led Canadian authorities to blacklist at least 34 different crypto wallets connected to the Freedom Convoy. Shortly thereafter, a joint police force forcefully removed the truckers from the streets; by February 20, Ottawa’s downtown area was completely cleared.

For the crypto space, the Ottawa protests showed the ease with which even Western democracies could weaponize their financial sectors against their own citizens. In that context, Bitcoin’s mission came to the fore. Crypto enthusiasts pointed out that Bitcoin offers a permissionless, censorship-resistant, worldwide payment system as an alternative to state-controlled banking networks. For all their faults, decentralized cryptocurrencies offer a crucial guarantee: your money really is your own, and no one can stop you from using it. As Arthur Hayes wrote in a March Medium post, if you’re solely relying on the traditional banking sector, “you might think you have a net worth of $100, but if the bank or government for whatever reason decides you can no longer access the digital network, your net worth becomes $0.” Tom Carreras

Ukraine Begins Accepting Crypto Donations 

The Russia-Ukraine conflict had a major impact on global markets this year, crypto included. The market plunged as President Vladimir Putin ordered the Russian military to invade Ukraine, but the war became the first that saw crypto take center stage. 

Within days of the invasion, the Ukrainian government’s official Twitter account put out a post requesting Bitcoin and Ethereum donations with two wallet addresses included. The tweet immediately sparked confusion, with Vitalik Buterin weighing in to warn people that the account may have been hacked. 

But the government’s Ministry of Digital Transformation promptly confirmed that the request was, in fact, legitimate. The Ukrainian government really was asking for crypto to fund its war relief efforts. 

Donations flooded in, and within three days the government had raised over $30 million worth of BTC, ETH, DOT, and other digital assets. Someone even sent a CryptoPunk NFT. 

The initial fundraising campaign was just one of the government’s historic moves to embrace crypto during a time of crisis. There was also an NFT museum, while UkraineDAO worked with the government to raise additional funds and awareness. 

Crypto also came under sharp focus during the war due to the West’s sanctions against Russia, with politicians warning that Russian oligarchs could turn to crypto to hide their wealth. Citizens who fled Russia turned to Bitcoin to preserve their money as the ruble shed its value, while major exchanges like Kraken, Binance, and Coinbase faced calls to block Russian citizens following global sanctions. The three exchanges limited their services following EU sanctions. 

Amid the destruction from Russia’s attack on Ukraine, crypto’s role in the war showed the power of borderless money clearer than ever. In a time of crisis, Internet money served as a powerful tool for those in need. Ukraine’s request for crypto donations was a world first, but it’s safe to say we’ll see other nation states adopting crypto in the future. Chris Williams

Biden Signs Executive Order on Crypto Regulation

On top of every other haywire thing that happened this year, authorities the world over—but especially in the U.S.—stepped their regulatory game up to a whole new level. And frankly, it’s about time. If we’re being honest, the U.S. government’s approach to regulating cryptocurrency has been scattershot even on its best days, and you can hardly imagine an industry imploring, just shy of begging, for a clearer set of rules.

Going into 2022, it was pretty clear the executive branch had made no real coordinated progress on even sorting out what digital assets actually are, let alone how to regulate them. Are they securities? Commodities? Something else entirely? Maybe they’re like securities in some ways but not like securities in other ways. Maybe some of them are commodities, and others are securities, and others are currencies… but what are the criteria by which we make those distinctions? Is Congress working on this? Who even makes the rules in this branch of government anyway?

The President, that’s who.

13 years and three administrations after Bitcoin’s genesis block was mined, President Biden issued an executive order directing almost all federal agencies, including the cabinet departments, to finally come up with comprehensive plans for U.S. crypto regulation and enforcement. Biden’s order was anticipated for months before it was finally signed in March, and when it landed it was generally seen as a boon to the industry. Far from the draconian approach that many had feared, Biden’s order was little more than a research directive that required each agency to get a plan together once and for all and submit it to the White House. 

While there is little disagreement that a comprehensive crypto rulebook is needed, the government body with the power to write one—i.e., Congress—isn’t signaling that it’s rushing any through. As it currently stands, crypto can only be regulated under the framework of the laws as they are currently written, and that is the president’s job. It’s about time a president at least got the ball rolling.

If we’re being totally fair, an executive order really isn’t much in terms of power and enforceability; it has about the same force of law as an office memorandum. But when the office in question is the Executive Branch of the United States, that memo’s importance can’t be overstated. Jacob Oliver

Attackers Steal $550M From Ronin Network 

Crypto suffered a number of high-profile hacks in 2022, but the nine-figure exploit that hit Axie Infinity’s Ronin bridge in March was the biggest by some distance. 

A group of attackers later identified by U.S. law enforcement as the North Korean state-sponsored Lazarus Group used phishing emails to gain access to five of nine Ronin chain validators. This allowed the criminal syndicate to loot the bridge that connected the network to Ethereum mainnet of 173,600 Ethereum and 25.5 million USDC with a combined value of around $551.8 million. 

The strangest detail of the whole incident is that the hack occurred six days before the news broke. For almost a week, nobody managing the bridge or providing liquidity realized the funds had been drained. While this shows a worrying lack of attention from Axie Infinity creator Sky Mavis and its partners, the slow response can partly be explained by the bridge’s lack of use due to deteriorating market conditions. 

The Ronin incident marked the start of a spate of Lazarus Group attacks against the crypto space. In June, Layer 1 network Harmony lost $100 million to a similar phishing scheme, while DeFiance Capital founder Arthur Cheong also fell prey to a targeted attack from the North Korean hackers, costing him a stack of high-value Azuki NFTs. 

Although the majority of these funds are still missing, around $36 million has been returned with the help of blockchain analytics firm Chainalysis and crypto exchange Binance. Tim Craig 

Yuga Labs Launches Otherside 

Yuga Labs won at NFTs in 2021, but the Bored Ape Yacht Club creator didn’t slow down on its winning streak as it entered 2022. A March acquisition of Larva Labs’ CryptoPunks and Meebits collections sealed Yuga’s crown as the world’s top NFT company, helping Bored Apes soar. Bored Ape community members were treated to the biggest airdrop of the year when ApeCoin dropped the following week, with holders of the original tokenized monkey pictures receiving six-figure payouts. The company also landed a mega-raise led by a16z, but its biggest play of the year came in April as it turned its focus toward the Metaverse. 

Yuga kicked off its Metaverse chapter with an NFT sale for virtual land plots, offering community members a shot at owning a piece of a mystical world dubbed “Otherside.” True to the Yuga playbook, existing community members were given their own Otherdeeds plots for free as a reward for their loyalty, while others were left to scrap it out for the virtual world’s 55,000 plots in a public mint. 

And boy did they scrap. 

The Otherside launch was the most anticipated NFT drop of the year and Bored Apes were soaring, so demand for the virtual land was high. As expected, a gas war ensued, and only those who could afford to spend thousands of dollars on their transaction made it through. Yuga blamed the launch on Ethereum’s congestion issues and hinted that it could move away from the network, though those plans never passed. All told, the company banked about $310 million from the sale, making it the biggest NFT drop in history. Prices briefly spiked on the secondary market and have since tumbled due to general market weakness, but it’s safe to say that all eyes will be back on the collection once Metaverse hype picks up. In a year that saw interest in NFTs crash, Yuga proved once again that the technology isn’t going anywhere. And Otherside has as good a shot as any to take it to the next level. Chris Williams 

Terra Collapses

At its height, Terra was one of the world’s biggest cryptocurrencies by market capitalization. Terra saw a staggering rise in late 2021 through early 2022 thanks mainly to the success of its native stablecoin, UST. Contrary to most stablecoins, UST was not fully collateralized: it relied on an algorithmic mechanism to stay on par with the U.S. dollar. The system let users mint new UST tokens by burning an equivalent amount of Terra’s volatile LUNA coin, or redeem UST for new LUNA coins. 

Terra’s mechanism helped the blockchain rise at the onset of the bear market as crypto users sought refuge in stablecoins to avoid exposure to plunging crypto assets. UST was a particularly alluring option because of Anchor Protocol, a lending platform on Terra that provided a 20% yield on UST lending. As market participants flocked to UST to take advantage of the yield, they increasingly burned LUNA, sending its price higher. The rise—coupled with Terra frontman Do Kwon’s emphatic endorsements on social media—projected a feeling that Terra was simply invulnerable to the downtrend. In turn, UST seemed even more attractive.

At its peak, the Terra ecosystem was worth more than $40 billion, but the network’s dual token mechanism proved to be its undoing. A series of whale-sized selloffs challenged UST’s peg on May 7, raising alarm bells before UST posted a brief recovery. UST lost its peg again two days later, triggering a full-blown bank run. UST holders rushed to redeem their tokens against LUNA coins, greatly expanding the supply of LUNA and depreciating the coin’s value, which in turn led even more UST holders to redeem. By May 12, UST was trading for $0.36, while LUNA’s price had crashed to fractions of a cent. 

Terra’s collapse caused a market wipeout, but the damage did not stop there. The protocol’s implosion sparked an acute liquidity crisis, hitting major players like Celsius, Three Arrows Capital, Genesis Trading, and Alameda Research. Lawmakers from around the world also decried the risks posed by stablecoins, especially algorithmic ones. In many ways, Terra was decentralized finance’s biggest failure, and the consequences of its implosion are still unraveling. Tom Carreras

Celsius, 3AC Fall in Major Crypto Liquidity Crisis

When the Terra ecosystem collapsed, we knew the fallout would be bad, but we didn’t yet know who it would affect and how long it would take. As it happens, it took about a month. Terra imploded in May, erasing tens of billions of dollars in value and drawing the attention of prosecutors on multiple continents. By mid-June, the fruits of Do Kwon’s “labor” had found their way into centralized, retail crypto markets, and that’s when things really went south. 

On the evening of June 12, Celsius alerted its customers that it was temporarily, but indefinitely, placing withdrawals on hold. Everyone instantly knew that this was very bad. Celsius had invested in Terra, and when the bottom fell out of that project, it fanned a flame that had already been lit by CEO Alex Mashinsky’s unauthorized trading on the company’s books, as was later revealed. As its investments became insolvent, it sparked a chain reaction among a familiar cast of characters, all of whom saw better days before June 2022. 

What’s worse, most of this borrowing and lending took place within a closed network of a handful of companies. Celsius loaned money on decentralized platforms like Maker, Compound, and Aave but also loaned heavily to centralized entities like Genesis, Galaxy Digital, and Three Arrows Capital. Those guys (except Galaxy, to its credit) were turning around and loaning it back out again, and so on. It will likely be years before we see the full chains of custody surrounding all of the assets that were passed around, but signs suggest that for all their multi-billion dollar valuations, these firms might have just been passing the same pile of money around over and over again. 

The next major implosion was Three Arrows; within a few days of Celsius’s announcement, rumors of 3AC’s insolvency began to circulate and its co-founders, Su Zhu and Kyle Davies, went silent. They’re now believed to be on the run owing about $3.5 billion after defaulting on a series of loans. Others like Babel Finance, Voyager Digital, and BlockFi were also hit by the contagion that would eventually reach the Sam Bankman-Fried’s FTX empire (even if it took a few months). 

The June liquidity crisis served as a dreadful reminder of the dangers of centralized exchanges and the degree to which these so-called “custodians” actually custody customer funds. Granted, some of these companies did not hide what they were doing, even if they weren’t drawing particular attention to it, either. But hey, that was the central value proposition of CeDeFi—if you wanted attractive DeFi yields but didn’t have the time, knowledge, or patience to do it yourself, you might have a custodian do it for you. But you have to be able to trust them to some degree, and even if you are giving them permission to play with your money, they need to be upfront about what—and I mean exactly what—they’re doing with it. 

It also tests the boundaries of “terms and conditions,” which have always been a thorn in the side of any user trying to interact with any given product. Celsius, to its credit, made it pretty plain that it was going to do whatever it wanted with customer deposits: its terms of service clearly state that it is not a legal custodian of customer funds and instead considers customer deposits a “loan” to the company, which it is then free to trade, stake, lend, transfer, and more with the money, all while clarifying that “in the event that Celsius becomes bankrupt… you may not be able to recover or regain ownership of such Digital Assets, and other than your rights as a creditor of Celsius under any applicable laws, you may not have any legal remedies or rights in connection with Celsius’ obligations to you.”

That’s some pretty weaselly language for a brand that promoted itself as a more “trustworthy” alternative to banks, but it would seem they’re going to ride it all the way to the bankruptcy courts. Jacob Oliver 

U.S. Treasury Sanctions Tornado Cash

Tornado Cash is a privacy-preserving protocol that helps users obfuscate their on-chain transaction history. On August 8, the U.S. Treasury’s Office of Foreign Assets Control announced it had placed the protocol on its sanctions list. In a statement, the agency claimed that cyber criminals (including North Korean state-sponsored hackers) used Tornado Cash as a vehicle for money laundering. 

The ban outraged the crypto industry. Crypto companies like Circle and Infura immediately moved to comply with the sanctions by blacklisting Ethereum addresses that had interacted with Tornado Cash. Some DeFi protocols followed suit by blocking wallets from their frontends. 

Following OFAC’s announcement, Netherlands’ Fiscal Information and Investigation Service arrested Tornado Cash core developer Alexey Pertsev on suspicion of facilitating money laundering. He’s still in custody with no formal charges leveled against him at press time. 

The Tornado Cash ban was unprecedented as it marked the first time a government agency sanctioned open-source code rather than a specific entity. It also flagged concern about Ethereum’s ability to remain censorship resistant. 

Commendably, the crypto community has taken various initiatives to fight back against the decision, the most notable of which is Coin Center’s lawsuit against OFAC. The outcome of the case could have a huge impact on crypto’s future as it will determine whether the U.S. government has the power to sanction other decentralized projects. Tom Carreras

Ethereum Ships “the Merge” 

There was little to distract us from bad news in 2022, but Ethereum brought some relief to the space over the summer as it started to look like “the Merge” could finally ship. Ethereum’s long-awaited Proof-of-Stake upgrade has been in discussion for as long as the blockchain’s existed, so anticipation was high once the September launch was finalized. 

Hype for the Merge was enough to lift the market out of despair following the June liquidity crisis, and talk of a Proof-of-Work fork of the network helped the narrative gain steam. ETH soared over 100% from its June bottom, raising hopes that the benefits of the Merge—99.95% improved energy efficiency and a 90% slash in ETH emissions—could help crypto flip bullish. 

In the end, the upgrade shipped without a hitch on September 15. As some savvy traders predicted, the Merge was a “sell the news” event and EthereumPOW failed, but the Ethereum community was unfazed by weak price action. Frequently compared to an airplane changing engine mid-flight, the Merge was hailed as crypto’s biggest technological update since Bitcoin’s launch, and Ethereum developers were widely applauded for its success. 

Interestingly, the mainstream press picked up on Ethereum’s improved carbon efficiency once the Merge shipped, but it’s likely that the real impact of the update will only become apparent over the coming years. 

The Merge has vastly improved Ethereum’s monetary policy to the point where ETH has briefly turned deflationary, and it may have set the stage for yield-hungry institutions to adopt ETH. So if crypto is to enter a new bull market in a post-Merge world, Ethereum has as good a shot as any at leading the race. Chris Williams 

FTX Collapses

By the autumn of 2022, the feeling of disaster in the crypto world had become almost normalized. Terra had imploded, a dozen or so prominent companies folded over the summer, the Treasury outlawed an open-source protocol, and so on. But while we were almost numb from the sheer scale of catastrophes the year hit us with, 2022 saved its most shocking cataclysm for last. 

Just a month ago, FTX was on top of the world. The Bahamas-based exchange was known for spending a lot of money on promoting its image, and in doing so made itself as close to a household name as there is in crypto. Clearly targeting the American retail consumer, FTX went especially big on associating itself with sports, striking sponsorship deals with the likes of Tom Brady and Steph Curry, slapping its name on Miami Heat’s arena, and splashing out on advertising at the Super Bowl. When other centralized custodians began to fail, FTX stepped to offer emergency credit and investments to stave off the worst.

Its scruffy CEO, Sam Bankman-Fried, would make the special effort to trade in his cargo shorts for a shirt and tie when he visited D.C. to hold court with politicians and regulators, assuring them of FTX’s trustworthiness and commitment to level-headed cooperation between government and industry to institute reasonable rules and regulation for the space. He graced magazine covers, hosted former heads of state at FTX events, and made grand shows of his charitable inclinations, insisting his ultimate goal was to make as much money as he could so that he could give it all away to good causes. 

So it came as a bombshell in early November when rumors of illiquidity at FTX’s officially-unofficial sister company, Alameda Research (also founded by SBF and, according to court filings, entirely under his control) could put a squeeze on FTX. That sparked a bank run on the platform, which subsequently revealed that most of the exchange’s assets were already gone. By most accounts, the story is that FTX “lent” those deposits to Alameda, which had lost billions on poorly-managed, high-risk positions. Then Alameda lost those too, leaving a $10 billion hole in FTX’s books. 

As more details come to light through witness interviews and court documents, it’s become painfully clear that not only was FTX not a good company, it was an exceptionally bad one. Everything—and I mean everything—about the FTX blowout was extraordinary, with each revelation of malfeasance, deception, duplicity, incompetence, and fraud outmatched only by the next one. Obviously details are still murky and no one has yet been proven guilty of any crimes. But we know at least two things for sure: there is substantial evidence that FTX took $10 billion from its customer deposits to cover Alameda’s bad trades, and they were hardly even bothering to keep track of the money. 

It’s one thing to cook the books; it’s another thing entirely not to keep the books at all. Even granting the most generous benefit of the doubt still suggests utter incompetence at best. It now seems likely that when FTX paused withdrawals during the bank run it experienced on November 8, it may very well have been in part because the firm didn’t even know where the money was. 

Three days later, FTX filed for bankruptcy and SBF “resigned” from his position as CEO of FTX. He was immediately replaced by John J. Ray III, a man who has made a career out of overseeing the dissolution of failing companies, some of which tanked as a result of fraud or other malfeasance. In language that is nothing short of legendary, Ray testified in writing to the court:

“Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here. From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented.”

And this is the man who oversaw the dissolution of fucking Enron.

SBF’s defense, if one could really call it that, has been an ill-advised series of public comments, interviews, and tweets that have accomplished nothing except to enrage everyone watching and add to the prosecutors’ list of evidence. He’s still in the Bahamas, reportedly “under supervision” but living life in his multi-million dollar Nassau penthouse; most onlookers, though, are wondering why he’s not currently “under supervision” at a federal holding facility without bail. Bernie Madoff was arrested within 24 hours of the authorities learning of the evidence of his improprieties; it leaves us wondering what’s taking them so long this time. Jacob Oliver

Disclosure: At the time of writing, some authors of this piece owned BTC, ETH, some Otherside NFTs, and several other crypto assets. An author had also filed a claim in Bragar, Eagle, & Squire’s class-action suit against Celsius Network.

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Arbitrage crypto trading is a strategy for benefitting from price disparities across marketplaces in cryptocurrency. If adequate knowledge and cheap transaction fees were accessible, arbitrage profits would be anticipated to be the right step. Wondering how? let’s find out.

Ever pondered the reasons behind the variations in bitcoin exchange prices?

At first glance, this might appear uncommon, but it happens frequently with any asset traded on a free, international market. For instance, data indicates that $63,000 was the highest price ever paid for Bitcoin on BuyUcoin, India’s Oldest Crypto Exchange when the cryptocurrency reached all-time highs in 2021.

As a result of other users’ trading histories, different other exchanges display various price peaks, some of which reach as high as $64,093.

Smart traders often referred to as arbitrage traders, are aware of how to profit from these minor price differences and can make a possible profit by purchasing and selling the same item on separate marketplaces.

Arbitrage crypto trading is a method of profiting from price differences in cryptocurrency across markets. The efficient market in crypto arises as a result of the need for a standardized method for pricing cryptos. Because there are so many channels for the crypto day trade, the trades are limitless. Some famous cryptocurrencies with elevated trading activity, such as bitcoins, necessitate a large amount of collateral. As a result, moving money between transactions can be ineffective, making it difficult for brokers to arbitrage differences. As a result, these cost differences may persist for a longer period than they might in a much more efficient market.

Due to Bitcoin’s high fees and frequently slow transfer speeds, cryptocurrency arbitrage traders have shifted their focus to much more efficient options in other cryptocurrency markets. BuyUcoin, for example, provides over 150+ trading pairs, allowing crypto arbitrage trading crypto bot to exchange definite cryptocurrencies for others and for more steady fiat currencies depending on the cost of digital currencies across different markets. You could indeed participate in triangle arbitrage trading through a single trade like BuyUcoin, which involves spotting cost differences between four cryptocurrencies just on exchange. For instance, you can buy XLM to BTC, sell it for ETH, and then convert the ETH away to BTC.

Decentralized exchanges, such as Uniswap, Balancer, and Curve, are ones that are run by a global network of computers rather than a single operator as a result of the advent of decentralized finance (DeFi).

Instead of maintaining a central order book where buyers and sellers can place orders, the majority of decentralized exchanges use a collection of liquidity pools, where the price of the crypto asset depends on those who supply liquidity to the pools.

Traders can identify arbitrage opportunities in pools that undergo a price slippage due to massive transactions when combined with a cryptocurrency exchange like BuyUcoin.

1. Spacial Arbitrage:

Trading virtual currencies between two separate exchange platforms is known as spatial arbitrage. A simple method of carrying out crypto arbitrage is called spatial arbitrage.

While spatial arbitrage is a straightforward strategy that can profit from price differences, it exposes traders to costs and transfer time risks.

2. Spatial Arbitrage Without Transferring

Some traders make an effort to minimize the time and transfer cost hazards that spatial arbitrage presents. For instance, in a fictitious scenario, they would buy Bitcoin on one exchange and sell it on another while they watch for a convergence in the prices on the two exchanges.

This enables them to avoid moving coins and tokens across platforms. But trade charges might still be necessary.

3. Triangular Arbitrage

Triangular arbitrage exploits inefficiencies in price between various cryptocurrency pairings traded on the same exchange. In this approach, an investor starts with one cryptocurrency and then exchanges it for another one that is discounted in comparison to the initial coin on the same exchange.

The investor would then exchange the second coin for a third one, which is considerably more expensive than the first. The investor would complete the circuit by exchanging the third cryptocurrency for the first cryptocurrency, potentially becoming a little richer.

Trying to transfer a crypto resource from one return to another can be difficult during periods of peak network congestion. Arbitrage crypto trading must execute large trades in order to gain higher profits from a solitary arbitrage opportunity. Crypto traders are extremely vulnerable to risk because they must store digital currencies in wallets supplied by crypto exchanges. In a highly volatile market, low-volume exchanges that take several minutes to commerce cannot support an arbitrage trading bot crypto.

If this is someone 1st entry point into the arbitrage trying to trade, there are a few things to keep in mind:

· Fees — Fees must be factored into your trading equation because they can cancel out any potential profits. Fees on Kraken, for example, range from 0.1 percent to 0.26 percent, so you’ll want to prevent arbitrage differences of less than 0.30 percent.

· Volume — The greater the market volume on the cryptocurrency, the greater its liquidity, which increases the likelihood of your transactions being executed.

· Avoid slipping — When you enter or exit a trade at a specific price than expected, this is referred to as price slippage. As a result, extensive market research and perfect market timing become critical components of arbitrage trading.

Arbitrage occurs whenever the same asset trades for different prices in various locations on the capital markets, including stocks, bonds, and commodities. Cryptocurrencies lack the same pricing conventions as equities and bonds, which are based on the performance of a company, municipality, or country, and are digital and not based on an underlying asset, making it difficult to assign a value to them.

Financial market booms and busts recommend that commodity markets and assets could indeed move for reasons other than the restricted rate of return. Trading and arbitrage in cryptocurrency markets will ensure that price levels in competitive markets are very close. Arbitrage profits would be expected to be normal if full knowledge and low transaction fees were available. However, if such a shareholder can start taking advantage of higher data or delays in price dissemination, they can profit more.

How do Private cryptocurrency coins works? Cryptocurrencies employ a range of technological ways to anonymize transactions. The ideal approach for creating the most private cryptocurrency is a source of contention in the community.

Private cryptocurrency, commonly referred to as privacy coins, is a type of cryptocurrency that allows for anonymous blockchain transactions. Some trading strategies cryptocurrency used in crypto assets to hide the origin and destination of cryptocurrency transactions include masking a user’s genuine wallet balance and address and mixing numerous transactions with each other to defy chain analysis.

In contrast, Bitcoin and other public blockchains provide transparency by allowing anybody to do chain analysis and observe public addresses and transactions in their crypto trading sites. It is thus feasible to trace someone’s bitcoin and other non-private cryptocurrency deposits and withdrawals in this manner.

On the other hand, private cryptocurrency provides both anonymity and untraceability, which is the best trading strategy for cryptocurrency. Anonymity conceals the person’s identity behind a transaction, and untraceability makes it very hard for other parties to track the trail of transactions using services such as blockchain analysis.

Private cryptocurrency incorporates various ways to effectively maintain anonymity and untraced ability. The most prominent of which best trading strategies for cryptocurrency are stealth addresses, ring signatures, CoinJoin, and zk-SNARKs.

1. Senders utilize stealth addresses to produce a new address for each transaction in order to avoid being associated with a recipient. Monero (XMR), a well-known private cryptocurrency, employs a type of stealth address known as the dual-key stealth address protocol (DKSAP).

2. Ring signatures connect a sender with other signers in a ring to conceal the sender’s identity. The more participants in the ring, the more difficult it is for someone to connect the sender with the transaction.

3. CoinJoin is a coin mixer that combines transactions from several persons into a single transaction and then distributes them to their respective users using new addresses.

4. Zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) enable cryptocurrency holders to establish the legality of a transaction without disclosing crucial identifying information, such as the names of the persons involved or account balances.

Individual governments determine the legal status of private crypto assets and how to trade crypto. To combat money laundering, the South Korean government, for example, forbids the trade of private coins on the country’s crypto exchanges. The US government has taken a firm stance on private crypto, developing methods to eliminate the privacy of transactions made over private networks. However, authorities that have not prohibited the use of privacy coins have not necessarily condoned them. As a result, there is a lot of grey area, and investors may have little redress if there is fraud or compromise.

Money laundering or other criminal behavior is generally associated with anonymous financial transactions. Private cryptocurrency, on the other hand, is not always utilized by such persons. Some users just cherish their financial privacy and are expressing their fundamental rights, while governments are increasingly attempting to monitor or shut down untraceable digital currencies.

Learn more on how to trade in crypto with India’s Best Crypto Platform

Because bitcoin is a bearer asset, anyone who owns the private key to a crypto asset is deemed the owner. As a result, proving ownership is exceedingly difficult if a private key is lost or stolen.

At first look, proof of ownership may appear to be irrelevant in a conversation concerning the anonymity and untraced ability of private cryptocurrency. However, just because these currencies provide more anonymity does not make them less vulnerable to lose due to hacking or fraud. Recovering public coins that have been lost in this manner is already challenging, and private cryptocurrencies just add to the difficulties.

Indeed, the industry needs infrastructure to validate the legal ownership of cryptographic assets. Transnet is in the process of creating the industry’s first off-chain title register of record for digital wallets. This will offer an extra degree of security and record-keeping for bitcoin holdings.

Now, the question is how to start trading cryptocurrency. Cryptocurrencies employ a range of technological ways to anonymize transactions. The ideal approach for creating the most private cryptocurrency is a source of contention in the community.

It should be reminded that all of these coins are extremely speculative, dangerous investments that may necessitate the creation of a digital currency exchange account in order to crypto trading sites. In general, the larger the risk, the lower the market capitalization and daily trading volume.

· Bytecoin (BCN)

Bytecoin promises to be the “first private untraceable money” and is based on the CryptoNote technology. The purpose of Crypto Note was to make transactions a) untraceable and b) un-linkable.

· Monero (XMR)

Monero, like Bytecoin, is a private cryptocurrency with privacy protections incorporated into all transactions. XMR is essentially a BCN hard fork. Monero employs the same privacy technology as Bytecoin and shares the majority of its core properties.

· Zcash (ZEC)

Some consider Zcash to be the most private cryptocurrency. Edward Snowden even gave it an informal thumbs-up on Twitter.

Zcash makes use of a mechanism known as “zk-SNARKs,” which stands for zero-knowledge succinct non-interactive arguments of knowledge.

· Dash (DASH)

In 2014, Dash was the first private cryptocurrency to be developed. Originally known as DarkCoin, the coin was later renamed as DASH, which stands for “digital cash.”

As the name suggests, Dash is intended to be used as a medium of trade. Transactions may be completed in a fraction of a second and for pennies.

· Verge (XVG)

Verge bills itself as a “cryptocurrency developed for individuals and daily use.” Verge began in 2014 as DogeCoin Dark. Dogecoin Dark, like Dash, renamed itself Verge shortly after its creation.

Verge employs a technique known as the Wraith Protocol to keep transactions confidential. The Wraith Protocol anonymizes Tor Network transactions (short for The Onion Router).

Learn more on how to start trading cryptocurrency