Author: changehero
May 29, 2020

It’s been a few weeks of a post-halving crypto-life. We are, potentially, at the beginning of a new market cycle, and our best attempt to predict how this will play out is to look at the previous times the same thing happened. Within a year from the second halving, not only Bitcoin was scoring new […]

Altcoin Season 2020 by ChangeHero

It’s been a few weeks of a post-halving crypto-life. We are, potentially, at the beginning of a new market cycle, and our best attempt to predict how this will play out is to look at the previous times the same thing happened. Within a year from the second halving, not only Bitcoin was scoring new all-time highs, but other coins were booming as well. This came to be known as the “altcoin season”, and in this article, we’ll try to explain why this event is so anticipated, is altcoin season 2020 on its way and what could be the biggest players this time around.

State of Crypto Market

First, let’s have a look at some numbers that can help us grasp what is happening beyond Bitcoin and top assets.

There are  5,515 coins and tokens on 22,525 markets listed on CoinMarketCap. The Total Market Cap is evaluated at  $248,351,087,876. This is not to mention the projects that are not listed there but may also take part in the market activity.

A curious detail is that BTC Dominance today is at  65,6%. This is more than it was in 2018 (as seen in the graph below) but way less than prior to 2017 when there were not as many altcoins, to begin with.

Percentage of Total Market Capitalization (Bitcoin Dominance)
Source: CoinMarketCap

As seen in this graph, in 2017 BTC dominance was gradually becoming contested by altcoins (currencies other than Bitcoin), mostly Ethereum, and this trend peaked in mid-2017. For the entire 2018, when the market survived its first major crash, Bitcoin trading volumes took up less than half of the entire market. This period could be described as an “altcoin season” to some extent.

What is Altcoin Season

The usual situation on the crypto market is when the currencies move more or less in sync with Bitcoin.

Bitcoin and Altcoins trend
Source: BraveNewCoin

However, this is not always the case. Sometimes currencies other than Bitcoin, or altcoins, start gaining value due to their own merit and break this tendency. In times like that, you may start hearing people talking about an “altcoin season”.

The Merkle defines altcoin season as a break from the trend when altcoins follow Bitcoin. However, this definition treads a thin line between this and pump-and-dump. CoinRivet also makes the same observation.

The main difference between these events is that the altcoin season is a market-wide trend. This may happen either with a surge in total market capitalization or by an increase in market capitalization for altcoins, and both of these scenarios might happen independently from Bitcoin.  The term “altcoin season” bears positive meaning, connected with the anticipation of the whole market rising.

ChangeHero’s Picks for Altcoin Season 2020  

We picked a few altcoins to keep an eye on in the future. Some of them are already established projects and some are in the list because they show potential to grow either because of the underlying technology or recent price performance.

Ethereum (ETH)

First of all, there is no way we were going to overlook Ethereum. It is second only to Bitcoin, a tried and true project with the underlying technology that has proven its value over the years, yet still introduces new elements of ecosystem that shake the market up to its core. Ethereum 2.0 testnet might be just around the corner, and this update will transform the network into an even more capable ecosystem that will surprise everyone in the future.

Ethereum price performance in 2020
Source: CoinMarketCap

In comparison with the opening price of 2020 ($130.47), ETH is up 60%. Today it ranks second by market capitalization ($22,934,867,626) and is worth $206.41. Ether can be exchanged, bought and sold on ChangeHero, quickly and with the best rates.

In a recent YouTube video, Currency.com trading analyst John gave his prediction for ETH price in June 2020. Ethereum is going into June after a month of consolidation in a downtrend in May. The levels worth watching out for are $216 resistance, $190 support. Based on 21-day moving averages, the long-term target is $300 and the lowest support level is $150. John suggests that Ethereum 2.0 testnet launch can either move ETH price closer to the target price or cause a flip to bullish trend if the downtrend continues. Alternatively, there is a possibility that Ethereum 2.0 gets postponed again, and the market is very likely to react by a short-term ETH dump. For more predictions for Ethereum, check out our price prediction article.

Tezos (XTZ)

Tezos is one of the Delegated Proof-of-Stake networks. It was designed to solve the governance problem that plagues other decentralized networks. So far, the product has shown that their solutions are working.

Tezos price performance in 2020
Source: CoinMarketCap

In 2020 so far, Tezos had its share of ups and downs, but lately, it has consistently been showing spectacular gains. In April, its price rose by 77.49%, and in May this trend only slowed down a bit. It reclaimed the early February levels around $2.70 and is likely bound to return to this year’s highs.

At the time of writing, Tezos ranks tenth by market capitalization ($1,916,050,835) and is worth $2.69. ChangeHero supports swaps with XTZ.

In addition to positive price performance, Tezos is seeing successful technical developments. Over the course of 2019, the community and developers approved and implemented three protocol upgrades. The on-chain activity is increasing, and currently Tezos is the network with the largest amount of participation in staking among all PoS networks.

TRON (TRX)

Unlike many other coins in our list, TRON is a fairly new project. Despite that, it has already made its way into the top of the list by market capitalization and at some points even broke into the top ten, the first time being within the first year of TRX’s existence.

What could be the reason? TRON is a decentralized network akin to Ethereum, but running on DPoS. It has a lot of opportunities for infrastructure expansion by building dApps on the platform. But the key is probably in outreach and marketing. TRON Foundation has communities across the world, all of which are very active on social networks, and the Foundation itself scores large partnerships for the network one after another.

Tron price performance in 2020
Source: CoinMarketCap

TRX, as can be seen from the chart above, is not doing as hot as some other picks. It’s about at the same level as it was at the start of the year. This is neither good news, since it’s down from the February highs, nor bad since TRX price has recovered since March. Another conclusion that can be drawn from the chart is that TRX price is just moving in sync with the market. 

At the moment of writing, TRON is traded at $0,015010, its rank by market cap ($1,000,904,518) being 17th. It can not only be swapped but also bought and sold on ChangeHero.

TRON might be a good investment considering consistent improvements in development. In the future, core developers are considering zk-SNARKs for optional privacy, and this is just one of the features planned for implementation.

DigiByte (DGB)

DigiByte has been around for 6 years but its time to shine has come again in 2020. It was launched with no ICO, centralized enterprise, just with the technology — and now it’s breaking into higher ranks by market cap with no marketing aside from the buzz in the community. We wrote about the underlying value of DGB in detail in a recent guide.

Digibyte price performance in 2020
Source: CoinMarketCap

How is price action looking a few weeks later? Mostly, quite well. Just as expected, after a sudden price rise by almost 1000%, the market tried to bring back the balance by correcting it. Some have connected this with Jared Tate stepping down and selling out, but he personally rebuked this claim. Seems like the DGB price is stabilizing and now is up 600% from the 2020 lowest point ($0.002532). At the moment of writing, DigiByte costs $0.018517 and ranks 37th by market capitalization ($244,129,870). You can acquire it easily on ChangeHero by exchanging.

DigiByte apologists say that this rally was long in the making and DGB was undervalued. More neutral traders like High Altitude Investing take a less ideological stance and just point out that such pumps have happened before, making parabolic rises on the price chart but also warning that the correction happens quickly. The Right Trader thinks that the correction will not take the price to the low grind it was experiencing before late April and predicts that DigiByte will be trading around 10 cents by the end of the year.

Dogecoin (DOGE)

Dogecoin is a project fork of Litecoin. Its main merit is its community, but also, hear us out: this tweet by @WhalePanda perfectly describes why Dogecoin is included in this list.

Twitter user WhalePanda about the altcoin season and Dogecoin
The reply is also a nice play on the joke; Source: Twitter

Jokes aside, DOGE is long into accumulation and has a history of pumps that precede a market-wide trend. You can read more about this in a price prediction for Dogecoin we wrote not long ago, citing expert opinions that prove this accumulation might result in a bullish trend.

Dogecoin price perfomance in 2020
Source: CoinMarketCap

For the past month, DOGE has been trading at around US$0.0025. While this is not as high as late-February peak, it still recovered nicely from the March fall with +100% up, ultimately gaining in value.

At the moment of writing, Dogecoin ranks 31st (US$312,910,655) by market capitalization and is worth $0.002508.

Binance Coin (BNB)

There is no doubt that Binance is going strong. Binance Coin has a rather niche use case, being used mostly exclusively on Binance platforms, but the growth and development of the ecosystem solidifies BNB’s value. Besides, BNB is the first IEO out there, pioneering exchange-exclusive tokens that are present on most of them nowadays. If you want to learn more about Binance Coin’s uses and value, check out our guide.

Binance coin price performance in 2020
Source: CoinMarketCap

Without taking into account the fluctuations we are seeing in other currencies — February rise and correction, March collapse — ultimately, Binance Coin is up 16% from the starting point of 2020. Cryptopotato argues that this is still not enough, considering the value Binance ecosystem provides to the industry. BNB holders are not as adamant, though, as they probably believe that, in the words of CZ, “price will catch up with value sooner or later”.

Right now (at the time of writing) a single BNB is changing hands at $16.74 and ranks eighth by market cap ($2,603,186,313). BNB exchanging is supported on ChangeHero.

Chainlink (LINK)

Chainlink is a blockchain solution that aims to provide a secure connection to smart contracts and external data such as APIs and off-chain data with a decentralized network of oracles. LINK is an ERC-20 token that is used for paying operators for sustaining this network.

Altcoin LINK price performance in 2020
Source: CoinMarketCap

Well, now is a good time to be a Chainlink node operator. LINK is definitely in this list because of the gains. Having started the year at a price below US$2, it has doubled in price, and the uptrend was temporarily broken only by the March crash. Thus, it does not follow the trends set by Bitcoin, which is a key characteristic of an altcoin season. However, as we have said already, one example is not quite enough to say for the whole market.

Today LINK ranks 12th by market cap ($1,348,900,093) and costs $3.85. ChangeHero supports crypto swaps for the token.

Cointelegraph analysts recommend keeping an eye on LINK in the short term. Cryptogeek predicts that by the end of the year, if Chainlink continues to go strong, LINK might be worth even more than that and rise to $6. Chainlink indeed do not plan to slow down, as they keep announcing new partnerships.

THETA

Blockchain is not all about distributed ledgers and simple data transfer. It’s finding its way in the entertainment industry as well, where huge amounts of money are concentrated. Theta.tv is a streaming platform, focused on esports and blockchain events, powered by THETA blockchain solution.

Let’s break a pattern of showing price performance in 2020 for this one. This is the case when showing the entire history is worth it. Here is how a 150% gain on ROI that happened for only a few days looks like for THETA holders right now:

THETA price performance in 2020
Source: CoinMarketCap

A recent network update to THETA 2.0 is cited as an explanation of the token’s strong performance lately. Since this year’s low in March, THETA’s price has surged up by 1300%. In addition to new tech, THETA has managed to partner with Google Cloud, Samsung, Binance, Blockchain Ventures and Gumi Cryptos. These enterprises are confirmed to become validators on the new chain, as well as provide different services in their area of competence.

Such a sudden pump is definitely going to be subject to correction, as holders are most certainly going to sell high. We can only guess that after it, the price is going to stabilize at a level more adequate to the token’s newly gained value. Today THETA is worth $0.359742 and ranks 30th by market cap ($313,156,746).

Enjin Coin (ENJ)

Speaking about entertainment, it’s impossible not to mention blockchain gaming pioneers Enjin and their token that is powering a few gaming platforms and can be used to purchase non-fungible tokens (NFTs) for the games. In addition, ENJ is AltRank #1 on LunarCrush, which means that in terms of social engagement and performance it shows the best results. 

Enjin coin price performance in 2020
Source: CoinMarketCap

In March, Enjin announced the Multiverse project, a platform that allows for the use of NFTs across different games and incentivizes developers. Unfortunately, it happened just a few days before the plunge and could not save ENJ from suffering losses just like every other asset on the market did. This did not stop the token from performing well, and recently, with the announcement of Java SDK and Minecraft plugin, Enjin Coin is about to face new adoption prospects (and maybe even a new ATH).

At the moment of writing, Enjin Coin is ranked 43 by market capitalization ($181,872,728 USD) and is changing hands at $0.221858.

OmiseGO (OMG)

OmiseGO is another Ethereum token that is used for connecting blockchain systems with off-chain ones. OMG’s use case is to connect existing financial systems with digital currency networks to provide financial services without restrictions of borders, asset classes or applications.

OmiseGo price performance in 2020
Source: CoinMarketCap

Just a week ago, as Coinbase announced the listing of OmiseGO on their platform, the token’s price increased by 230%. Eventually, it seemed to normalize, and in comparison with this year’s lowest point (on March 13, what gives) OMG is still up 550%.

Currently (at the time of writing) 1 OMG costs $1.61 and is placed at rank 38 with a $225,589,513 market cap. OmiseGO swaps are available on our platform.

Zcash (ZEC)

Out of all privacy coins (i.e. currencies that have protocols that reduce the transparency of records on the blockchain, protecting a user’s data), Zcash is picked as the best candidate for investment by Investorplace analysts and Matt McCall. One of the reasons why Zcash might be outstanding is the most active ongoing development and best performance in such fundamentals as total daily transaction volume and lower transaction fees, as well as great increase in use of shielded transactions, a unique feature of ZEC.

Zcash price performance in 2020
Source: CoinMarketCap

In comparison with the rest of our list, Zcash might not be able to boast swift recovery rates or a sudden pump, but in the end it is also up by 60% from the opening price of 2020 ($27.63). Today ZEC is worth $46.10 and ranks 26th by market capitalization ($426,549,396). You can top up your Zcash stash with other cryptos securely and anonymously on ChangeHero.

Altcoin Season 2020 on Twitter

A trader sharing views about altcoin season 2020 on Twitter
Source: Twitter

Just a few days ago, @Crypto_Ed_NL finally admitted that his previous tweets about no altcoin season 2020 in sight were not right. It’s fair since no one could’ve predicted how the market would look like today. He makes his conclusion from the altcoin dominance chart, pointing at the possible trend reversal.

A crypto trader posting about altcoin season 2020
Source: Twitter

Trader @IamCryptoWolf makes the same conclusion from the inverse chart, Bitcoin dominance. In the short term, he suggests we might see some bearish action, but this will be resolved by Q3 in a “big Alt season”.

Crypto trader, galaxyBTC's analysis about the upcoming altcoin season 2020
Source: Twitter

@galaxyBTC traders group take a historical approach instead of going into the technicalities. If the 2016 post-halving movement (as marked on the picture) repeats itself, we’ll see another altcoin season in a while.

@alexlibertas_, expresses a somewhat maximalist PoV on the idea of an altcoin season 2020:

Twitter user @alexlibertas_ about the altcoin season 2020
Source: Twitter

It is true that the whole market is expecting an increase in investments, not just Bitcoin. It is also true that a boom in new projects, like it happened in 2018, might happen again, and as we know, some of those ended in a pump-and-dump or were using cryptos as a front for dubious practices. But we could argue that second chances are a not entirely negative consequence of a new wave across the market.

Bitinvestors Club tweeting about the altcoin season 2020
Source: Twitter

The user @icryptopreneur tells us why everyone should not sleep on the altcoin season: their diverse portfolio has experienced a more than +50% gain across different currencies (or so they say).

Just another reason to diversify: not only are your investments spread out so that if one of them loses some value, your entire portfolio will not suffer, but also if you pick the right assets with strong value, the return of your investment might increase regardless of the market trends.

Conclusion

The consensus, for now, seems that it is not altcoin season just yet. If you would like more material proof, there are even services that can prove that for you mathematically. At the same time, as far as we can predict, there is a good chance that sometime later in 2020, we will see an altcoin season happen.

Anyway, a few indicators are already on the horizon: trend breaks and rallies, dominance trend shift, general outlook in a post-halving market. If you would like to play smart and not give in to FOMO, we encourage you to do your own research and diversify your crypto portfolio — ChangeHero will help you with that.

This is it for that article! We’ll keep our eye on future developments and write more on altcoins.

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Disclaimer

This article is not a piece of financial advice. No price prediction is guaranteed to provide exact information on the future price. 

When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.

Author: changehero
May 22, 2020

With an almost decade-long history, Litecoin is definitely one of the most prominent altcoins which renewed its ATH this year. ChangeHero is going to give an overview of Litecoin price predictions 2021 and what these have to say about its price in a further future. Litecoin Price Prediction 2021–2030 [table id=39 /] Short-term Litecoin price […]

Litecoin Price Prediction 2021, 2025 and 2030

With an almost decade-long history, Litecoin is definitely one of the most prominent altcoins which renewed its ATH this year. ChangeHero is going to give an overview of Litecoin price predictions 2021 and what these have to say about its price in a further future.

Litecoin Price Prediction 2021–2030

[table id=39 /]

  • Short-term Litecoin price prediction 2021 has to be the most bullish in comparison with other time frames. Some analysts claim LTC has the potential to surge to $1,00 and even $3,000;
  • In contrast, Litecoin price prediction 2022 and in the next few years is very moderate and divisive;
  • In 2030, Litecoin is generally expected to still be around, but its value growth is also subject to debate. 

What is Litecoin?

Litecoin logo
Source: Wikimedia Commons

Litecoin is a code fork of Bitcoin: it shares its source code, but no blocks. It was intentionally designed to provide an alternative to Bitcoin fit for daily use.
More specifically, what does it do to be usable in this fashion? Litecoin features faster block times (2.5 minutes) and larger total coin cap (84 million), in comparison to Bitcoin.
Litecoin development and promotion is overseen by a non-profit organisation, Litecoin Foundation.
If you are interested in more details about Litecoin’s history, tech and community, you can find more specifics in our Litecoin guide for beginners.

Litecoin Price History

The initial price for Litecoin soon after launch in 2011 was only about 30 cents. By 2013, it had established a presence in the market and rose to $3.

LTC Price in 2013–2015

LTC Price in 2013–2015
Source: CoinMarketCap

In late 2013, the first bull run for Litecoin began, taking its price almost to $45 ($44.73) by the start of 2014. By late 2014, Litecoin’s price had returned to $2.
After two short periods of recovery in January and spring of 2015, Litecoin entered the consolidation period.

LTC Price in 2016–2019

LTC Price in 2016–2019
Source: CoinMarketCap

This period, when the Litecoin price stabilized at the $3 level, lasted for almost two years. The second bull run began in March of 2017 and culminated in a previous all-time high — $375.29 on December 19, 2017. 
And again, a sudden rise was, as expected, followed by a market-wide correction. For Litecoin it lasted for the entire 2018, and the closing price for that year was $30.47.
In 2019, Bitcoin had another brief bull market in which the LTC price climbed up to $146.43. By the end of the year, it was back at $40, which became a starting point in 2020.

LTC Price in 2020–2021

LTC Price in 2020–2021
Source: CoinMarketCap

After the March 2020 crash, Litecoin was recovering slowly but steadily. Since November 2020, following Bitcoin, it so far got as high as $386.45 — a new ATH (May 10, 2021).
Following the peak, like Bitcoin and the whole market, Litecoin pulled back drastically, bottoming at $113.16.
On September 13, 2021 a press release claiming retail chain Walmart is going to accept Litecoin went public. The price instantly reacted by jumping from $175 to $231 before the press release was confirmed as false.
At the moment of writing, LTC has a market capitalization of $11,666,994,937.59 (16th rank), and with the circulating supply of 66,752,614.52 LTC, a single Litecoin is worth $174.86.

What Can Influence the LTC Price?

Partnerships

Litecoin Foundation that oversees outreach of the project is often announcing different kinds of partnerships and collaborations. For example, they sponsored NASCAR driver Landon Cassill in July 2021.
To enable support of Litecoin payments, the Foundation struck some strategic partnerships with Aliant and Coingate, and native payments are available on Travala and TravelByBit.

Updating tech

The MimbleWimble protocol upgrade is still on track to be implemented in 2021. It will make Litecoin more embraced by crypto users that need privacy. The optional nature of privacy feature alleviates the risks of being delisted from exchanges that are strictly compliant.
Most recently, Litecoin introduced OmniLite protocol for creating assets on the Litecoin blockchain. This specification, based on the Bitcoin-compatible Omni protocol, supports creation of non-fungible tokens (NFT) so Litecoin users will be able to capitalize on that booming market.

Adoption

As large and long-standing crypto projects often do, Litecoin has a foundation on its own. Litecoin Foundation’s primary goal is to increase awareness and adoption of the currency. 
Some of the businesses that accept Litecoin are Atari, PornHub, AlternativeAirlines, Travala and it is supported by PayPal.
As one of the longest and most successful altcoins, it also attracted attention from institutional investors. Grayscale offers an LTC fund, which is reportedly in high demand due to the previous two factors.

Thoughts from Influencers


Walmart may not be accepting Litecoin after all but there are more than 3 thousand vendors worldwide that do!


Trader and influencer Altcoin Pepe has a bullish short-term prediction for Litecoin. Should it have a daily close above $186, the lower border of the range will become support.


User Gospodin Popara reminded the community and everyone following the news that in the big picture, Litecoin is in a great place. You can even already shop in Walmart with the help of Litecoin’s partners.


Same sentiment but from a trader’s perspective is shared by the user MCL. In the big picture, nothing has changed but should the volumes come on a different news, the price has all the chances to surge.

Litecoin Price Prediction 2021

Crypto Addiction Litecoin Price Prediction 2021: $1,000

Citing Dan Gambardella and other LTC price predictions, YouTuber CryptoAddiction provides a target above $1,000. The reasons for that are usability of the coin, adoption by companies and upcoming updates.

PrimeXBT Litecoin Price Prediction 2021: $3,000

Litecoin Price Prediction 2021
Source: PrimeXBT

PrimeXBT gives a very bold prediction for the near-term future of Litecoin. As soon as by the end of 2021, it can explode up to $3,000 per coin after trading sideways.

Previsioni Bitcoin Litecoin Price Prediction 2021: $469

This forecast resource expects the Litecoin price to move in sync with the market. According to their LTC prediction, Litecoin is going to be worth $469.25 USD.

Litecoin Price Prediction 2022–2024

Gov.capital’s LTC Price Prediction 2022: $199–319

Gov.capital’s algorithmic projections suggest that in a year from now, the LTC price will be approximately 40% higher than now.
On the charts, they expect a bounce similar to the 2021 price movement. At the peak in May, Litecoin can reach $300.

TradingBeasts Litecoin Prediction 2023: $134–255

Analytics service Trading Beasts actually has a mixed forecast for Litecoin in 2023. In mid-year, it can touch lows even below the current price, $134–140.
By the end of 2023, it will recover and can reach $204 on average and $255 maximum. This movement of price can be explained by the 2023 Litecoin halving: bearish short-term, bullish in the long term.

LongForecast LTC Price Prediction 2024: $156–335

Another far from bullish forecast for 2024 is given by Long Forecast. The year will open at $165 and close at $141, showing losses.
During the year, volatility will be taking Litecoin prices higher, and at the April-May peak it can reach $320–335.

Litecoin Price Prediction 2025

DigitalCoinPrice LTC Price Prediction 2025: $540

Litecoin Price Prediction 2025
Source: DigitalCoinPrice

Based on historical data, DigitalCoinPrice predicts that Litecoin will be worth $540 on average in 2025.
Highest monthly average price is expected at $614.53 in November, while the lowest average can be expected in March: $472.12.

Economy Watch LTC Price Prediction: $500

Economy Watch writer and analyst Connor Brooke gives a rough target at $500. Why? He believes that announcements made by the Litecoin Foundation can generate enough demand to push the price high.

Daily Forex LTC Forecast: $400–700

The opinion of the Daily Forex outlet on the future of Litecoin is twofold. They think that speculative value is a more powerful drive of the price of this asset than real world uses.
Nevertheless, their prediction for the future price of Litecoin is moderately bullish: they predict that it will be trading in the range between $400 and $700.

Litecoin Price Prediction 2030

Coin Price Forecast Litecoin Forecast: $704–737

As for the distant future, not many analysts feel up to the task. Using existing price data, Coin Price Forecast tries to predict that LTC will rise to over $700.
More specifically, having started the year at $670, by mid-year LTC will rise to $704 and by the end of it — to $737.

PricePrediction.net LTC Price Prediction 2030: $5,747

An even more bullish scenario is painted by PricePrediction.net, in which they give a range of $5,551 and $6,588 for LTC in 2030. Given the time period, this is far from far-fetched for the crypto market!

ChangeHero’s Litecoin Forecast

As far as altcoins go, Litecoin is in a unique position: it is in a closer relation to Bitcoin than any other currency. At the same time its almost decade-long history proves that it can stand on its own.
Litecoin could see the “digital silver” narrative emerge in the same way “digital gold” did for Bitcoin. Or it could become more widely accepted as the digital cash Satoshi wanted Bitcoin to be.
Our prediction is that Litecoin will remain correlated with the market, but its altcoin status will ensure higher returns. Moreover, the Walmart news showed how adoption can impact the price of Litecoin.

How to buy Litecoin with ChangeHero?

The fastest and easiest way to get Litecoin is to swap it with other cryptocurrency on ChangeHero:

  1. Choose the currencies on the home page, amounts and the type of exchange. Provide your wallet address in the next step and check the amounts;
  2. Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
  3. Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
  4. All done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives;
  5. As soon as the exchange has been processed, your LTC is on the way to your wallet. 

ChangeHero’s customer support is available 24/7 in the chat on the website or through the email: [email protected].

Conclusion

Litecoin turns out to be divisive when it comes to predicting its future: after all, new projects emerge all the time. On the other hand, Litecoin has withstood a decade on the market and shows no signs of being given up on.
Take care and stay tuned to more content in our blog and our updates on Twitter, Facebook, in Telegram or the subreddit!

Frequently Asked Questions

[sc_fs_multi_faq headline-0=”h4″ question-0=”What will Litecoin be worth in 2022?” answer-0=”Analysts are moderately bullish on Litecoin in 2022. They project that in 2022, LTC price can rise from $199 to $319.” image-0=”” headline-1=”h4″ question-1=”What will be the price of Litecoin in 2025?” answer-1=”Different price target estimates give a range of $400 to $700 for Litecoin in 2025.” image-1=”” headline-2=”h4″ question-2=”What will be the price of Litecoin in 2030?” answer-2=”Although not certain, predictions give estimates from $704 to $6,588 for LTC in 2030.” image-2=”” headline-3=”h4″ question-3=”Will Litecoin go up in 2021?” answer-3=”Some analysts are still bullish on Litecoin in 2021 and predict it can bounce as high as up to $3,000.” image-3=”” headline-4=”h4″ question-4=”Is there a future for Litecoin?” answer-4=”Most experts agree that the probability of Litecoin going to zero is non-existent. The reason for that is Litecoin’s long history and active awareness campaigns.” image-4=”” count=”5″ html=”true” css_class=””]


Learn more:

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Disclaimer

This article is not a piece of financial advice. No price prediction is guaranteed to provide exact information on the future price. 
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.

Author: changehero
May 16, 2020

DigiByte (DGB) is both a blockchain and a cryptocurrency used within it. Like Bitcoin it uses Proof-of-Work consensus protocol (ergo, it can be mined) and unspent transaction output (UTXO) to record transactions. Unlike Bitcoin, DigiByte is a multi-layered, multi-purpose blockchain that is focused on cybersecurity and utility as well as secure payments and communications.

What is DIgibyte? A beginner's guide by ChangeHero

Bitcoin is the prime cryptocurrency that made the idea of decentralized digital currencies work, but it is far from perfect. DigiByte (DGB) attempts to improve on its model, so that people can have a secure and quick payment system. In this guide, ChangeHero is going to tell you how DigiByte achieves its goal and how it is used today.

What is DigiByte?

DigiByte (DGB) is both an open-source blockchain and cryptocurrency used within it. Like the Bitcoin blockchain, it uses Proof-of-Work consensus protocol (ergo, new coins get added in the mining process) and unspent transaction output (UTXO) to record transactions.

Unlike Bitcoin, DigiByte is a multi-layered, multi-purpose blockchain that is focused on cybersecurity and utility as well as secure payments and communications.

History and team 

DigiByte was being developed in 2013 and officially started in January 2014. Its founder and creator Jared Tate joined the Bitcoin community a year earlier, but in late 2013 undertook a project of cryptocurrency that was his vision of improved Bitcoin.

Tate is still an active and prominent member of the community, but he is not responsible for running it anymore — from the very start, it has been in the hands of its community, in the spirit of decentralization.

There is no enterprise or business behind DigiByte. It is supported by developer and marketer volunteers for no pay at all. The teams that contribute to the project are:

  • Core developer team responsible for DigiByte software;
  • Core outreach and DGBAT (DigiByte Awareness Team);
  • DigiByte Foundation, a non-profit organization that provides support to the DGB community and promotes decentralization.

DigiByte in Numbers

DigiByte blocks are capped at 1 MB, like in Bitcoin, but in addition to significantly faster block time it scales better thanks to SegWit implementation. DigiByte blocks occur every 15 seconds.

The transaction processing speed can handle 560 tx/s, which is significantly higher than the other UTXO coins. In addition, it has negligible fees in comparison.

Digibyte transaction speed compared to Bitcoin and other cryptocurrencies
Comparison with other UTXO coins; Source: Twitter

Another major change from the Bitcoin code is in the miner reward system. Instead of slashing rewards in half every four years, DigiByte gradually decreases the block rewards by roughly 1% each month. This means that the max supply of DigiByte (21 billion coins) will be completely mined by 2035.

At the time of publishing, the DigiByte blocks reward 444.40242088 DGB tokens or $4.44 USD.

Layers of DigiByte

The decentralized DigiByte network is a secure and multi-purpose structure. Jared Tate described it as an “Oreo” with three layers:

  • Blockchain: On the first level, we have protocol and communications. This is the DigiByte’s blockchain in its purest form, with nodes communicating with each other.
  • Cryptocurrency: On the middle layer, DigiByte transactions occur, and DGB comes into play.
  • Applications: Finally, the bottom layer represents a secondary chain. The main structure of this level is DigiAssets.

DigiAssets is a platform for issuing assets, tokens, smart contracts to represent real-world assets from units of value to documents and pieces of media. It is a continuation of Open Assets protocol, which lets units of data not connected with DGB transactions be transferred through the blockchain. 

Mining DigiByte

DigiByte is unique since it uses five different mining algorithms at once, weighted equally. This technology boosts the network’s security, as well as helps prevent mining centralization.

DigiByte uses MultiShield (an improved version of DigiShield), a technology that recalculates mining difficulty after every block and calibrates all five mining algorithms against each other. While it uses SHA-256, scrypt and Qubit, which are all hashing algorithms that are best solved by ASICs, the other two mining algorithms, Odocrypt and Skein, are ASIC-resistant.

Each mining algorithm contributes equally, so DGB can be successfully mined using any algorithm out of these five. Another issue that this technology resolves is fluctuations in hashpower caused by miners momentarily joining or leaving the network en masse.

In other networks, like Dogecoin and Zcash, this has been a cause of network congestion and spikes in mining difficulty, but DigiByte was able to resolve this problem.

Roadmap and Pipeline

In the future, DigiByte is supposed to be mineable with any type of hardware. For that purpose, the community is planning to change some of the algorithms in use. Ideally, the MultiAlgo should look like this:

  1. ASIC algorithm;
  2. FPGA (Odocrypt);
  3. CPU (RandomX was proposed this April);
  4. GPU (ProgPoW implementation to replace SHA-256 is in development);
  5. Additional algorithm, potentially, Proof-of-Stake.

Another way in which accessibility is planned to be achieved is in optimizing memory utilization, so the core client would run even on 32-bit processors or systems with less than 4GB RAM.

What else is in the pipeline? Right now, Schnorr signatures for increased security are being considered, as well as Lightning integration, among other things. A lot of improvements are planned for DigiAssets. Among them are mobile app management and burn, and dividends are in active development.

Use Cases and Adoption

With DigiAssets, it is possible to transact not only with DGB, but using any tokenized assets, tokens and smart contracts, which can be applied in “real estate, finance, remittance, identity, point of sale, racing, trade, healthcare, supply chain, government and more”.

Creating an infrastructure to build applications on top of the blockchain technology is already proving successful for other networks, so DigiByte sees it as a key to adoption as well.

Digi-ID is an authentication system built on top of DigiByte blockchain. It can easily replace standard usernames and passwords, as well as 2FA. All that is needed is a device with Digi-ID support to scan the QR-code and send the cryptographic signature through the blockchain.

Since the data that is transferred is encrypted, no personal information is recorded on the blockchain, so this method is superbly secure.

The main chain as well can boast low fees and fast transaction times thanks to MultiAlgo and adjusting mining difficulty. It makes DGB a viable option for transacting and remittances.

Thanks to CoinGate, Coinify and Coinpayments integrations, businesses can accept DGB as a means of payment. With Kamoney and Bitbill, users can pay their utility bills with it. DGB is supported in Spend, Pungo, UQID and PolisPay debit cards.

Best Wallets for DGB

DigiByte has a few open-source wallet applications, developed by the community members: Core (desktop), Mobile (iOS and Android), Go (Chrome extension). Mobile and Go support DigiAssets as well.

Third-party wallets with DGB integration include Exodus, Coinomi, Atomic, JAXX Liberty, Guarda, Trust and Magnum Wallet. For cold storage, you might look into Trezor, Ledger, KeepKey or Opolo.

In Exodus and Trezor Wallets, you can swap crypto and buy DigiByte with the help of ChangeHero integration. It’s fast, cheap and you won’t even need to close the app.

DigiByte on Twitter

Trader Serf shared a weekly chart of DGB. Looks like they’re implying a repetition of a 2017 bounce is imminent.
Another community member going by Digimyke shared a curious comparison of DGB to Bitcoin. While the max supply of the altcoin is much higher, it will reach its supply cap much sooner.
With the news about Terra, Celsius and now Solana, the crypto community has brought back the decentralization discourse. According to a core DigiByte developer Yoshi, though, it does not seem to be an issue to them.

DGB Price Performance in 2022

DigiByte Price Performance in 2022 YTD
Source: CoinMarketCap

Like the majority of altcoins and even Bitcoin in 2022 so far, DigiByte has been on a downtrend. In late March and early April, Bitcoin went on a recovery bounce, and DGB dialed this trend up to eleven, reaching the yearly high at $0.03977.

The market trend was not the only reason it rallied, as the coin community had a March full of great DigiByte news, anyway.

At the moment of publishing, DigiByte is at 143rd rank by market cap ($154,730,109 USD). One DGB is worth $0.01003 USD. DigiByte’s ROI is a considerable +569%.

Conclusion

The ChangeHero team shares the values of utility, decentralization and accessibility with the DigiByte community. This is why we support it, meaning you can easily swap crypto currencies and buy DigiByte on our website. As always, it will be a piece of cake, quick and at a best rate at the market.

We hope you enjoyed this week’s guide! Bookmark the ChangeHero Blog, we publish interesting content about all things crypto and blockchain. Follow us on TwitterFacebook, Telegram and be the first to get notified.


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Author: changehero
May 13, 2020

The 2020’s Bitcoin halving has been all over the news, including the mainstream media, for quite a while now. ChangeHero team is bringing you this article to explain the post-halving scenario and what is happening now as a result of the halving. So What Happened? For everyone late to the party, let us first explain […]

Bitcoin Post-Halving Analysis by ChangeHero

The 2020’s Bitcoin halving has been all over the news, including the mainstream media, for quite a while now. ChangeHero team is bringing you this article to explain the post-halving scenario and what is happening now as a result of the halving.

So What Happened?

For everyone late to the party, let us first explain what halving is. Some blockchain networks operate on Proof-of-Work consensus algorithm, and the ones doing the “work” are miners. Using computing power, they help to process and record transactions in blocks, and completing a block yields a reward. This reward is how the new units of currency in these blockchains are minted. However, to keep inflation under control or establish a deflationary model, Bitcoin and some other networks have hard-coded regular events when the miner reward is reduced — in this case, by half, hence the name.
The third halving in the Bitcoin network happened after the block 630,000 (210,000 — an interval when halving occurs, which takes about four years — times three) on May 11, 2020 at 19:23 GMT. This time the reward was reduced from 12.5 BTC per block to 6.25. At the moment of writing, a reward for solving a single block is worth $ 56,428.25 USD.
Let’s see what was the immediate impact of Bitcoin halving for the last 36 hours.

Effect on the Network

One of the worst-case scenarios of the aftermath of halving, fittingly called “a death spiral”, involves a mass miner exodus in the event of mining becoming unprofitable. The name is not too dramatic, given that such consequences might as well spell doom for the network. Miners are the ones responsible not only for the emission, but also for network propagation and security.
To be fair, no one in their right mind expected a death spiral to happen in the Bitcoin network, given how valuable the asset and massive the network is. Nevertheless, a similar, albeit much less dramatic, scenario could have occurred: miners could (or still can) switch to other PoW networks, such as Bitcoin Cash or Bitcoin SV. The rewards in these networks are worth less in USD equivalent, but if we take in account much lower power and equipment requirements, and lower difficulty, potentially, any of these networks can easily be more profitable to mine on than on the even more highly competitive BTC network.
As of now, this has not been the case either. As pointed out by Twitter users @hodlonaut and @TheMoonCarl, the Bitcoin network hashrate not only did not experience a drop, but also reached a new all-time high.

Bitcoin Hash Rate at al time high
Source: blockchain.com

Fair to say, it is not that miners doubled their efforts in the light of halvening, but new all-time highs are bound to happen as the equipment is getting more advanced over time. Aside from some congestion in the network immediately after block 630,000, which was pointed out by the user @antpool in another tweet, it is still surprising that there was little to no decline in mining activity — at least yet.
Bitcoin mining profitability
Source: BitInfoCharts

The mining profitability did decrease sharply as a result of the event: according to the data from bitinfocharts, while on May 10 a 1Thash/s would yield $0,152 USD a day, on May 12 the same power output would give you only $0,0761USD. For now, electricity bills are not an issue, but come June, miners would have to seriously consider the profitability of their enterprise, if their bill is paid monthly. For some other miners, however, there is a silver lining in the situation: the Chinese province of Sichuan, which is responsible for a lion’s share of hashrate in the BTC network, can expect subsidies from the government in the form of excess hydroelectric power, since the beginning of summer is a rainy season for most of West Asia.

Post-Halving Price Action

It should have not been surprising that in terms of daily price fluctuations the halving would not make much of a difference, yet the media is still calling it a non-event. The lack of any significant immediate change might also point at the possibility of halving being priced in. The general consensus that the actual price action will take place in the next six to twelve months is still supported by most experts, though.
Here is how the Bitcoin price was performing on the day of halving:

Bitcoin price chart on the day of halving
Source: CoinMarketCap

On May 11, 2020, opening at $8,755.54 USD and closing at $8,601.80 USD, Bitcoin saw a daily change of -1.78%. The 24h high of $9,033.47 USD is not as impressive, considering how in the previous few days (from May 6 to 10) it was consistently being traded above the $9 thousand mark.
Moreso, the technical analysis shows that a bearish trend is about to begin: 5 and 10-day moving averages and MACD point at a change toward it. Perhaps, this is a consequence of a recent rally supported by the hype around upcoming halving and expectations of a bull market connected to it. Another possibility is that a pattern which occurred with the previous halving events is repeating: on the day after the event the prices slid by just a few percent.

Community Response on Bitcoin Halving

For the whole crypto community, of course, this was a major event. Some even called it a holiday and a cause for celebration, which is why there were numerous watch parties and online events accompanying the creation of block 630,000.
Other Twitter users came up with… original ways to celebrate the event:

Peter McCormack celebrating Bitcoin Halving
Source: Twitter

Peter McCormack, known as a host of What Bitcoin Did and Defiance podcasts, “halved” some of the objects he managed to find around the house (a “halved” debit card is an especially nice touch).
Another way to mark the event in the calendars was made by f2pool, who mined the last block that rewarded 12.5 BTC and attached a message to it: “NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue”. This is a clear callback to the message accompanying the genesis block, made by Satoshi Nakamoto: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”. Back in 2009, Bitcoin emerged in a world coping with the financial crisis of 2008. The philosophy of the money backed by code and free from authority is as resounding today as ever.
Here are a couple more tweets about the #BitcoinHalving:
Reflections on the Bitcoin Halving
Source: Twitter

Allen Farrington is a miner, so of course he had some thoughts to share on the occasion. He seems sure that the current economic situation is only beneficial for Bitcoin to become widely embraced and revolutionize money as we know it.
Memli Krasniqi about Bitcoin
Source: Twitter

Memli Krasniqi is not only a Kosovar politician, but also a crypto enthusiast. Since the last halving in 2016, Bitcoin has gained 1221% more in value, he points out, so his opinion on Bitcoin is so bullish that he easily sees a similar gain by the next halvening. 
So, in the aftermath, cypherpunks are proudly expanding their agenda of revolutionizing the economy while traders and investors are buckling their seat belts for the next several months to come. In the end, what is not to celebrate here?

Conclusion

As far as the consequences of halving go, there are not too many outcomes that are clearly predictable only two days later. It doesn’t seem that miners are going anywhere, at least for now, so the network will be up and running as usual. Price action hints at a repetition of the scenario that followed the previous two halvings, so traders brace themselves while hodlers wait. The economic situation today is eerily familiar to the crises we saw in 2009 or 2012, the years that preceded the growth of Bitcoin. As the stocks and oil are plummeting, more and more investors turn their eyes to Bitcoin as a valuable asset. Now that the block 630,000 is mined and recorded on the blockchain, some of the hype will die down, which is not a bad thing, considering how irrational trading and acting on impulse can happen when there is just too much news.
Isn’t it just the right circumstances to hop on the train? If you think so, be sure to check out ChangeHero. On our website you can exchange, buy and sell Bitcoin at attractive rates, securely and extra fast!
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Author: changehero
May 12, 2020

It is not easy for a contentious fork to make a name for itself, especially if the community that chose to split divides even further as the years go by. Despite all these hurdles, Bitcoin Cash is still one of the go-to options for peer-to-peer payments and is arguably the most established Bitcoin fork. In […]

It is not easy for a contentious fork to make a name for itself, especially if the community that chose to split divides even further as the years go by. Despite all these hurdles, Bitcoin Cash is still one of the go-to options for peer-to-peer payments and is arguably the most established Bitcoin fork. In this article, we will have a look at Bitcoin Cash price prediction 2022 to 2030 to see what experts say about its value in the future.

Bitcoin Cash Price Prediction 2022–2030

[table id=24 /]

  • Bitcoin Cash price prediction 2022 does not see BCH reaching a new ATH this year;
  • By 2024, it can return into a four-digit zone but will barely exceed $3,500 by 2025;
  • At the end of the decade, in 2030, BCH may be worth over $9,000.

What is Bitcoin Cash (BCH)?

In short, Bitcoin Cash is a hard fork of Bitcoin that split from it in August, 2017 as a result of a long community discussion about solving the scalability problem. Possible solutions included modifying the source code to allow a second layer or increasing the 1MB block size.
Bitcoin Cash (BCH) represents the “larger block size” solution. Bitcoin Cash as of today, after several upgrades, features 32 MB blocks, which let more transactions be processed at once. 
ChangeHero has a beginner’s guide to Bitcoin Cash if you want to learn more about the history and applications of the coin.

Bitcoin Cash Price History

BCH Price in 2017–2018

Due to significant support, Bitcoin Cash has started its independent journey at around $400. Even despite the initial support refusals from Coinbase and Itbit, it reached the $900 mark just a few weeks later.
The rise did not last and BCH entered a downtrend as the investors were selling BCH acquired at the moment of forking. It lasted until November, and Bitcoin Cash quickly caught up to the boom that the whole market was experiencing. 
During it, its price has risen to an all-time high of $4,355.62 on December 20, 2017. The following correction was market-wide but during a brief bull market in spring 2018, Bitcoin Cash outperformed the parent coin and surged by +580% to $470.
In November 2018, the ongoing arguments over scalability resulted in another Bitcoin Cash chain split, forking it into BCH and BSV. Prior to the event, the price briefly spiked to $600 only to drop to double digits a month later.

BCH Price in 2019–2020

The recovery later in 2019, or at least a few spikes, can be attributed to scheduled upgrades. Schnorr signatures and SegWit recovery change further improved the network’s scalability.
In spite of a painful start to the year, Bitcoin Cash performed decently, gaining ~30% and keeping the momentum into early 2020.
In March of 2020, following the stock market, the entire crypto market plunged. BCH’s own halving took place on April 8, 2020 but unlike the case with Bitcoin halving, BCH did not rally. By the end of the year, though, it picked up some steam and closed above $350.

Bitcoin Cash Price in 2021-2022

We can see a striking similarity between BCH price charts in 2017–2018 and 2021–2022. Though it failed to overcome its previous record in May 2021, at the peak of the latest market cycle, it reached $1,542.43.
In November, when Bitcoin was running toward a second leg up and even beat its ATH, BCH did not see enough volume to back up any kind of significant price action.
Nonetheless, 2021 closed at $430.64 to a gain of 26% from the start of the year. In 2022 so far, the downtrend has not relieved its grasp, and BCH keeps losing value.
At the time of writing, BCH price is $379.66 and the coin is ranked 26th by market capitalization on CoinMarketCap.

What Can Influence the Price of Bitcoin Cash?

Miner Reward Halving

Regular and pre-programmed miner reward slashing, also known as “halving” is one of mechanisms to keep a cryptocurrency deflationary. 
All three major branches of Bitcoin shared the first two halvings, but 2020’s third halving was the first for BCH. The block reward was lowered to 6.25 BCH and just like before, this event was expected to trigger a bull market. 
There was no repetition of the events of a Bitcoin halving but the total supply of BCH (21 million) is still decreasingly accessible. With that quality in mind, it also can act as a hedge asset.

Adoption Prospects

Bitcoin Cash was meant to become the ‘digital cash’ Satoshi Nakamoto wanted Bitcoin to be. The Bitcoin Cash community is interested in increasing the number of businesses that accept the currency.
The prospect of official adoption and receiving a legal tender status recently came from a Netherlands constituent kingdom of Sint Maarten. The head of United People’s Party, Rolando Brison, announced he is researching a bill that would make Bitcoin Cash legal tender in their jurisdiction.

Tech Updates

In addition to integrations that expand the Bitcoin Cash ecosystem, BCH chain upgrades two times a year on a schedule. The upcoming May 15 update will not have any fundamental consensus changes but will have quality-of-life improvements, such as arithmetic operations on larger numbers and introspection operations.
The influence of scheduled upgrades works both ways: positively and negatively. The update on November 15, 2020, saw the chain split into BCHN and BCHABC. 
The main point of contempt was in block reward distribution: BCHABC supporters insisted 8% of it should go to a centralized treasury. The split didn’t affect price much but the investor confidence was shaken as this was yet another case of community disagreement.

Bitcoin Cash on Twitter


Trader TheWolf shared a chart claiming that the setup for BCH is pretty promising.


The sentiment is shared by another trader, phoney. They are analyzing volume and relative strength index to anticipate trend changes.


And here is the news that brought BCH back into the spotlight. Whether it will become Sint Maarten’s legal tender is one of the many things to look forward to in the near future.

Bitcoin Cash Price Prediction 2022

The Economy Forecast Agency’s LongForecast tells traders and holders to brace for volatility. The peak will be reached in May 2022, $495, and the year is predicted to close at $368. 
TradingBeasts are not bullish, either: according to their Bitcoin Cash price prediction, it’s all downhill from here. By December 2022, BCH will have lost 17.95% of its value and close somewhere between $265.282 and $312.097.

YouTuber HueFin News is more optimistic, though. Right now and for some time into the near future, BCH will be trading sideways between $260 and $380.
The watershed level which will decide where BCH will move is at January 2022 prices, $375–400. If the buyers sustain the momentum, BCH can break out to the upside to $450–500.

Bitcoin Cash Predictions for 2023–2024

With volatility taken into account, DigitalCoinPrice predicts that early 2023 will see BCH at its highest, $682.06 in February. By December, it will shed some value and move lower down to $501.40 at the very least.
According to the Bitcoin Cash price prediction by WalletInvestor, BCH holders will stay in the black but will not see significant returns beyond 66.8% in 2024. Average price of opening will float around $943.224, and having touched a high at $1,067 and a low at $551, BCH price is expected to return to the high at 2024’s close.

Bitcoin Cash Price Prediction 2025

In a few years, in 2025, CryptoGround projects that BCH will multiply its value. It can grow up to $1,864.6867.
Decent growth is predicted by CoinPriceForecast: they project that in 2025 BCH can appreciate by +144% and be worth $930.
Coinpedia analytics dismiss the possibility of BCH ever crashing simply because it is based on Bitcoin. Their conservative BCH forecast for 2025 gives a target around $900 but they do not rule out it reaching $1,195.11 and even run to $3,566.73. 

Bitcoin Cash Price Prediction 2030

Most past predictions could not foresee the 2021 rally, and forecasting to almost ten years in the future is unreliable. Some algorithms and services still try.
CoinPriceForecast estimates that in 2030 Bitcoin Cash can reach $1,590. CryptocurrencyPricePrediction forecast growth from $7,230 to $9,038 in 2030.

ChangeHero’s BCH Price Prediction

Bitcoin Cash has a supportive community and infrastructure which offers a lot of room for improvement. Bitcoin Cash is intended for daily use, which it achieves by having low transaction costs and integrating in payment solutions and even DeFi.
Considering all the data, it is fair to say Bitcoin Cash can beat its 2017 ATH. However, it is more likely to happen over time, making it a better option for long-term investments.

How to exchange Bitcoin Cash on ChangeHero?

If you want to get your own share of BCH, ChangeHero is here to help. Swap cryptocurrencies, including Bitcoin Cash, lightning fast and with no sign-ups:

  1. Choose the currencies on the home page, amounts and the type of exchange. Provide your wallet address in the next step and check the amounts;
  2. Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
  3. Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
  4. All done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives. 
    • The Best Rate transactions will use the rate current to the time when your funds arrive.
      The Fixed Rate will use the rate at the time of step 1;
  5. As soon as the exchange has been processed, your BCH is on the way to your wallet. 

The customer support is available 24/7 in the chat on the website or through the email: [email protected].

How to Buy and Sell Bitcoin Cash on ChangeHero?

Did you know that you can not only swap crypto on the ChangeHero website but also buy and sell it with your credit card? It is not as quick as by exchanging but nonetheless convenient, here is how you do it:

  1. Click the “Buy or sell crypto” shortcut in the calculator on the home page. Choose a country of residence and the fiat currency;
  2. Double-check the pair and rates and input the BCH address. Read and accept the Terms of Service before proceeding;
  3. Input and verify your phone number with an SMS code;
  4. Provide the information of your debit/credit Visa/Mastercard bank card. Your bank will initiate a 3D-Secure Authorization next. Some countries require additional security code checks;
  5. Finally, you will be asked to provide a government-issued ID (passport, ID card, driving license) and a selfie with the document for a quick KYC procedure;
  6. If all goes well, from there on the provider will process your purchase within 30 minutes. If you provided an email, you can receive a summary of your purchase.

Conclusion

Bitcoin Cash is seeking adoption as the “digital peer-to-peer cash” Satoshi Nakamoto described in the whitepaper that started it all. Arguably, it is one of the most reputable Bitcoin forks, so its adoption prospects are believable.
What do you think about the predictions? Leave a comment in our blog! Subscribe to our social media for updates and the latest news: Twitter, Facebook, Telegram and subreddit.

Frequently Asked Questions

[sc_fs_multi_faq headline-0=”h4″ question-0=”What is Bitcoin Cash (BCH)?” answer-0=”Bitcoin Cash is a contentious fork of Bitcoin that split after the debate about scaling solutions. The main chain opted for additional protocols while Bitcoin Cash increased the maximum block size. Bitcoin Cash’s chain was split again in 2018 and 2020.” image-0=”” headline-1=”h4″ question-1=”Will Bitcoin Cash go up again?” answer-1=”The opinions of experts and analysts are split but the majority believes BCH can perform well and gain value.” image-1=”” headline-2=”h4″ question-2=”What will Bitcoin Cash be worth in 2022?” answer-2=”Depending on who you ask, experts give estimates between $260 to $500.” image-2=”” headline-3=”h4″ question-3=”What will Bitcoin Cash be worth in 2025?” answer-3=”Analysts’ opinions give a range between $900 and $3,566.73.” image-3=”” headline-4=”h4″ question-4=”What will Bitcoin Cash be worth in 2030?” answer-4=”Analysts’ opinions give a range between $1,590 and $9,038.” image-4=”” count=”5″ html=”true” css_class=””]


Disclaimer

This article is not a piece of financial advice. No price prediction is guaranteed to provide exact information on the future price. 
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.

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Author: changehero
May 7, 2020

Dogecoin is most known for featuring Shiba-Inu named Kabosu of Doge meme fame as a mascot. But did you know that this is by far not the only awesome thing about it? In this introduction guide, ChangeHero is going to tell you everything about this coin and what makes it viable to this day. Such […]

What is Dogecoin? A beginner's guide by ChangeHero

Dogecoin is most known for featuring Shiba-Inu named Kabosu of Doge meme fame as a mascot. But did you know that this is by far not the only awesome thing about it? In this introduction guide, ChangeHero is going to tell you everything about this coin and what makes it viable to this day.

Such Currency: What is Dogecoin?

Dogecoin is a coin built using Litecoin open source code (which is, in turn, is built using Bitcoin source code). Its blockchain is only slightly tweaked in comparison to the original: the block time is even faster, around 1 minute, and the total supply of Dogecoin is not capped but minted at a constant pace, which makes it a soft-deflationary currency. A successfully solved block yields 10,000 DOGE.

So History: Dogecoin Beginnings

The story behind Dogecoin is worthy of being in the Internet historical records.
The year is 2013. Bitcoin is making the news, and many alternative currencies spring up. Doge is taking over Reddit, Tumblr and the Internet in general. From this chaotic thought space, one day, a Twitter post is born:

Jackson Palmer tweet about Dogecoin
Note: this is a reconstructed version of the tweet. Sadly, the original is no longer retrievable, since the account is deactivated.

The man is Jackson Palmer, at the time marketing manager at Adobe Systems in Sydney. While he made the tweet quite absent-mindedly, it was met with support and encouragement. A week later, when in Palmer’s own words, he had “too much time on his hands”, he bought the domain Dogecoin.com and made a site entirely in Doge aesthetic for his yet non-existent currency.
This site was soon found by Billy Markus, who was struggling with making his own cryptocurrency at the time. He knew that he had the skills to make Dogecoin real, so he reached out to Palmer, and just a few days later, on December 6, 2013, Dogecoin was launched.
SO WOW! Dogecoin meme
The OG meme; Source: Wikipedia

The phenomenal success of Dogecoin in 2014 would not have been possible without Doge meme being so universally beloved. It is absurd yet understandable and recognizable at the same time. In 2012 the format originated on Shiba Confessions Tumblr, was picked up first by Reddit and then, by the rest of the Internet, apparently — because it was everywhere.

Very Community

The best thing about Dogecoin that keeps it going to this day is the community. Perhaps the fact that DOGE from the very start did not position itself as something serious helped build an enthusiastic community and attract people that might have been daunted by the general discourse around Bitcoin and other altcoins.

Reddit community
Photo by Kon Karampelas on Unsplash

The core of their activity has always been Reddit. This makes sense, considering the popularity of the meme there in 2013 and a while after that.
It’s not just about being “friendly” and the buzz on social media. The Dogecoin community have been on record raising money for charitable causes quite a few times. One of the better known successful fundraisers was to sponsor a NASCAR driver Josh Wise, but in addition to that they raised money to sponsor Jamaican bobsled team so they could travel to compete in the Sochi Olympics, and there was a joint campaign with Charity: Water, which successfully raised 40 million DOGE (or $30,000 USD at the time).
Other notable members and supporters of the community include Elon Musk and Eric Nakagawa, who used to run Dogecoin Foundation and is now working as head of open-source in Calibra.
Elon Musk tweet about Dogecoin
Buying pizza with Dogecoin
Source: Twitter

 

Much Sources: How to Get Dogecoin

Many Dogecoin community members admit that DOGE was their first cryptocurrency to own and served as a gateway to the whole crypto biz. How can one join the bandwagon, you ask?

Mining

Dogecoin uses the same scrypt hashing algorithm as in Litecoin. For the longest time, just like in Litecoin, it was accessible, and CPU/GPU mining was somewhat profitable. Community members give advice that these days if you don’t have access to a miner pool or really powerful hardware, it is better to give a shot to some other ways.
Unlike some other PoW blockchains that use the deflationary model and regularly cut miner rewards, Dogecoin will always have a steady supply increase of 5.256 billion coins a year and always yield 10,000 DOGE as a reward. This is a design choice to ensure that there will always be enough coins to account for the new users and to actually discourage hoarding DOGE in favor of putting it to use.

Faucets

A water bowl, or a faucet, works in a simple way: users provide their address, and at a fixed time interval a faucet sends out to all the recipients small amounts of currency. The faucets that are approved by the Dogecoin community run on donations. This is also not the fastest way to earn but at least it requires very little effort.

Buying on exchanges

European Union has a few services that can help with buying DOGE with EUR: Litebit, Anycoin Direct, Belgacoin.com. Fiat pairs with DOGE can be found on Kraken exchange.
If you come from somewhere else in the world, you can always buy any cryptocurrency, for example, Litecoin, at an exchange operating in your country or with your fiat currency of choice first and exchange it to DOGE later. ChangeHero can help you with that, making it simple and fast, without any sign-ups.

Get tipped or paid

Finally, there are a couple more ways to earn Dogecoin. Discord and Reddit have bots that let users leave tips to the posts they found useful or funny, so engaging with the community in a meaningful and productive way can yield some DOGE in the end.
If you have something to offer in exchange for Dogecoin, try finding someone willing to pay you on DogeMarket. People offer to program bots, make memes for DOGE, or just use it instead of exchanges.

Very Price: Charts and Facts

As opposed to Bitcoin Core, Dogecoin was not really designed to become a store of value or a speculative asset to begin with. It is, as their site describes, peer-to-peer digital currency in its purest form. Despite that, there is still some activity going on with trading DOGE. Historically, it followed the market trends almost to a T, with a few cases of breaking the trends and staying in the green zone despite other altcoins losing value.

Dogecoin price chart
Source: CoinMarketCap

The most noticeable price spikes happened in 2014 — soon after the coin was launched and gained popularity — and late 2017 — when Bitcoin and the market as a whole were skyrocketing. In 2018, Dogecoin holders have briefly known the taste of coveted penny parity, but alas, it did not persist. Even at its highest, a single DOGE was worth third-place decimals of a dollar.
But don’t let this discourage you: if pizza can be bought with this currency, it is an undeniable proof of the inherent value of it. In addition to DogeMarket, there is SuchList, where you can see for yourself, what value users attribute to DOGE in exchange for goods and services.
At the time of writing, Dogecoin ranks 30th by market capitalization. With a market cap of $314 265 406 USD and circulating supply of 124 454 164 575 DOGE, a single DOGE is worth $0,002525 USD (according to CoinMarketCap).

Amaze DOGE Wallets

An official wallet is available for Windows, MacOS, Linux and Android. If you prefer multi-currency software wallets, we recommend Exodus or Trust Wallet. 
Still, the safest alternative is a cold wallet. Among the hardware wallets that support DOGE are Trezor (One and Model T) and Ledger (Nano S and Nano X). 
Did you know that the exchanges in Exodus and Trezor apps will be processed by ChangeHero? That’s how you know you’ll get the best rate and quick swaps.

Excite: What’s in Store for Dogecoin?

Dogecoin has been around for long enough to reach maturity. Despite the facade of not being a serious coin, its developers treat it as such anyway, which is vital to keep it running to this day and beyond.

Ross Nicoll, Dogecoin developer
Source: Ross Nicoll on github

In an interview, one of the core developers, Ross Nicoll hints at a possibility of an Ethereum-Dogecoin bridge in the future. For now, the core team is more busy with keeping Dogecoin in sync with Bitcoin and potentially implementing merged mining and SegWit, as well as raising adoption of DOGE by increasing the number of ways it can be accessed.

Conclusion: Wow.

Dogecoin is a solid project that is supported by its awesome community that is pretty light-hearted and friendly about using the coin, and is certainly very welcoming! Doge may now be an old meme for some, but neither it nor Dogecoin lost what made them appealing in the first place. The community may joke now and then about the Moon, but they are quite serious about supporting this fantastic project.
We support Dogecoin as well, so you can exchange it with any other cryptocurrency on our website. You can get it hassle-free, easily and quickly!
As always, to share your thoughts and not to miss out on our articles and guides, subscribe to ChangeHero Blog and follow us on TwitterFacebookReddit, Telegram.


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Author: changehero
May 1, 2020

Binance is, without doubt, one of the largest names in the industry these days. It is not only an exchange, but an ever-growing ecosystem of products and applications that utilize cryptocurrencies. One of the key components of this system is Binance Coin or BNB, and in this guide, we are going to tell you about […]

What is Binance Coin (BNB)? A beginner's guide by ChangeHero

Binance is, without doubt, one of the largest names in the industry these days. It is not only an exchange, but an ever-growing ecosystem of products and applications that utilize cryptocurrencies. One of the key components of this system is Binance Coin or BNB, and in this guide, we are going to tell you about its significance not only within its system but for the whole market as well.

What is Binance Coin (BNB)?

By definition, Binance Coin (BNB) is a coin native to the Binance Chain. As a native currency, it powers the ecosystem: BNB has its uses on Binance Exchange, DEX, Launchpad and other applications. 

How BNB started

ICO for Binance Coin ran through July 2 to July 21, 2017, simultaneously to the opening of Binance Exchange, and raised $15 million USD. Initially, it was an ERC-20 token, and the mainnet migration happened in April, 2019.
The success of the whole Binance Ecosystem could not be imagined without the team behind it and their intense marketing and expansion efforts. Of all the funds raised through ICO, only 35% were allocated to building the platform in contrast to the whole 50% that would be directed to brand development.
The most well-known person from Binance team is its CEO, Changpeng Zhao, also known as CZ. Before launching Binance, he has been a CEO at BijieTech, cloud-based exchange provider, CTO at OKCoin and Head of Technology at Blockchain.info. Other equally experienced members of the team include Roger Wang, CTO, who has worked in Nomura Securities and Morgan Stanley, and James Hofbauer, Chief Architect.

Binance Angels community
Binance ambassadors, Angels; Source: Twitter

The team has a significant online presence, most notably, on Twitter, as well as a community of ambassadors. And as we know, any news can be an external influence to the market movements. With the ever-growing list of integrations and new products by Binance, the general sentiment around the coin is bullish, as people expect more use cases to emerge for BNB and more utility.

What is Binance Chain?

Binance Chain is a blockchain mainly dedicated to supporting Binance DEX (Decentralized Exchange). It was developed to overcome the hurdles that hindered DEX adoption: slow transaction times (Binance Chain block time is only one second), and liquidity issues (by the time of migration to BEP2, BNB has already been in the top 10 coins by market capitalization).
The network uses Tendermint consensus, running on an application layer. Nodes in the network are categorized into validators that vote on block production, and witnesses that participate in the witness consensus process. Though the block size is limited at 1 MB, scalability is not a problem thanks to swift propagation rate.
Binance Chain itself doesn’t have programmable extendibility, or simply speaking, does not support smart contracts and virtual machines. This was a design choice, since these features can slow the network down. However, a solution in the form of Binance Smart Chain, a parallel to the main blockchain, is under development, which is a proof of community coming up with ways to improve the network.

BNB Burn

A noteworthy feature of BNB is quarterly burning. Instead of reducing emission, a certain amount of existing BNB is burned every three months to increase scarcity and add to the value of remaining coins. The amount burned is determined by the volume of trades made on Binance, and the events will continue until 50% of total supply of issued BNB – 100 million – is burned.
However, experts claim that right now there is hardly any correlation between the price dynamics and the burn events. Perhaps, it has to do with the fact that while the burns involve really impressive sums, it amounts to little in the big picture. For example, the most recent April 2020 burn has eliminated 3,373,988 BNB from the circulation, $52.5 million USD, and was the largest one in the history of Binance Coin, but ultimately it was just 1.69% of total supply.

Use Cases for Binance Coin

  • The main use case for Binance Coin is to pay various fees on Binance Exchange with a discount;
  • It powers Binance DEX by being a means of payment for smart contract executions and validator rewards;
  • On Binance Launchpad, you can gain early access to Initial Exchange Offering (IEOs) held on the platform.

With the recent announcement of Binance Card, BNB has checked a massively important use case off its list — purchases with crypto in any store that accepts Visa payments. Bundle is another recent addition to the roster of products in the ecosystem that marks the same checkbox of real-world use for Binance Coin.

Future Plans for BNB

Binance is going to bring on board even more fiat currencies and markets: the already mentioned Bundle is targeted at African crypto-community. The improvement proposals for Binance Smart Chain, or “Binance Chain 2.0” as CZ dubbed it, will increase the network capacities. The platform development is not stopping, which means good news for Binance Coin, for sure.

BNB Price Performance

Binance Price Chart 2017 to 2020
Source: CoinMarketCap

Historically, BNB has been moving in sync with the market as a whole and BTC in particular: on the graph we can see how it was affected by the so-called Crypto Winter of 2018, continuing into early 2019. The first half of the year was a period of impressive growth, as BNB was expanding its presence on different exchanges and finally migrated to its own chain. The subsequent corrections happened under the influence of Bitcoin price and market movement.

Where to Keep

Binance coin on Exodus wallet
Source: Exodus

BNB is supported in most popular wallets, like Atomic Wallet, Guarda and Enjin Wallet. In some, like Exodus and Magnum, you can not only store Binance Coin, but also exchange it thanks to ChangeHero integration. And, of course, the best option to keep your funds secure would be a hardware wallet: Binance Chain is supported by CoolWallet and Ledger.

Where to Spend Binance Coin

A variety of online stores and gateways accept BNB. Any merchant that uses Coinify, CoinGate or CoinPayments, for example, has the option to accept it. You can book accommodation in Travala, Trip.io or TravelbyBit, get a cloud server on CenterServ, use it as collateral for loans on Nexo and ETHLend, and get in-game valuables in Decentraland, Axie Infinity and Steemmonster.
Did we mention that ChangeHero supports exchanges to and from BNB? Try it now for swift, secure and hassle-free exchange experience.

Summary

Binance Coin is definitely the currency to keep an eye on, since it has been in Top 10 for the most of its history, consistently shown positive growth and is backed by one of the largest and rapidly developing crypto enterprises. Besides, it is technologically sound and is constantly improving thanks to the community.
Let us know if you find the article useful! You can do it on our Twitter, Medium, in Telegram and Facebook groups or on our subreddit. To not miss out on more guides, news and articles, subscribe to our blog. Take care!


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