Author: changehero
September 30, 2021

The Uniswap DEX accounts for almost $6 billion in total value locked but other DeFi protocols are a fierce competition. Will its users help it stay at the top or choose other DEXes? ChangeHero gives a UNI price prediction 2021 and even further in the future. UNI Price Prediction 2021–2030 [table id=28 /] Uniswap price […]

UNI Price Prediction 2021, 2025 and 2030

The Uniswap DEX accounts for almost $6 billion in total value locked but other DeFi protocols are a fierce competition. Will its users help it stay at the top or choose other DEXes? ChangeHero gives a UNI price prediction 2021 and even further in the future.

UNI Price Prediction 2021–2030

[table id=28 /]

  • Uniswap price prediction 2021 makes it evident that different experts have varying outlooks on the short-term future of UNI. The range of possible prices is huge: from $21.58 to $90;
  • Uniswap price prediction 2022 is also bullish but moderate. UNI will not reach $100 even in a year, capping at $61;
  • By 2025 or even 2030, depending on the source, most opinions put the target for UNI above $100 or even $1,000.

What is Uniswap and UNI?

Uniswap logo
Source: Uniswap

Uniswap is one of the most popular decentralized exchanges (DEX) powered by an automated market maker (AMM) protocol. On this DEX, any token can freely be traded, provided it is given some liquidity.
The UNI token was launched in September, 2020, with Uniswap V2.  The official airdrop rewarded everyone who has used the first version of the protocol at least once.
The primary purpose of UNI is to serve as a governance token: its holders can vote on proposals and decide the future of Uniswap. Find out about Uniswap and its native token UNI in the ChangeHero’s Guide to Uniswap exchange and UNI for Beginners.

UNI Price History 2020–2021

UNI price chart 2020–2021
Source: CoinMarketCap

At the very start of its journey, in September 2020, UNI was highly appreciated because of Uniswap’s utility. But as users started to sell off airdropped tokens, its price declined from 2020 maximum $7.7 to $4.94 on closing.
In 2021 Uniswap broke into the top-10 cryptocurrencies by market capitalization and performed exceptionally well. It managed to reach the current ATH on May 3, $44.97.
Later in May and in summer, UNI was following the market trend and bottomed at $15 in May, June and July. The launch of v3 helped the price to bounce to $30, but the downtrend is prevailing at the moment.
At the time of writing, the UNI price is $23.97. Its circulating supply is 611,643,723.83 UNI out of a total 1 billion UNI, and the market capitalization is $14,664,763,406 USD (rank 12).

What Can Make the UNI Price Change?

Governance Proposals

UNI is a governance token, meaning it acts as a voting power representation. Speaking simply, UNI holders have more say in voting the more tokens they own or deposit into a proposal.
Some of the proposals may have a direct impact on the price of the UNI token. For example, in 2020 there was a voting for retroactive airdrop for users who did not interact with Uniswap directly.
That proposal failed to meet the quorum and was rejected. More recently, UNI holders voted to reduce the submission requirement to 2.5 million UNI to make governance more accessible.

Competition

At the time of the UNI launch, the token airdrop and liquidity mining were novel and helped Uniswap stay ahead of the competition. With the abundance of DeFi protocols these days, this would not be enough.
The Uniswap team is focusing on improving the protocol instead. In May, they launched Uniswap V3, which thanks to improved slippage and liquidity pools flipped V2 soon after.
On the other hand, Uniswap faces competition from already existing and established centralized exchanges. Amid China’s crackdown on cryptocurrencies, all DEXes, including Uniswap, spurt into the lead ahead of them.

Ethereum and L2 Development

Ethereum 2.0, which shifted consensus from PoW to PoS, is getting ready to merge with the legacy network. This is a first step in making the Ethereum network, which Uniswap is built on, more scalable. 
Uniswap itself does not seem to be sitting around waiting for the merger. They are moving the AMM to Optimism, which is a layer-two protocol to scale Ethereum.
And still, PoW Ethereum fees significantly affect the DEX. According to ETH Gas Station today, Uniswap V3 is the largest consumer of Ethereum gas fees.

UNI Posts on Twitter


Bitcoin.com reported that because of the news from China, Uniswap and other DeFi tokens see surges in prices. Uniswap, being the most established of those, is in the lead.


Uniswap news earlier this month reported that the DEX caught the eye of the US Securities and Exchange Commission. However, as user Junko Suzuki pointed out, this seemed to have no effect on the price at all.


With the pump mentioned in the two previous tweets, the UNI chart broke out of a downtrend. Traders now expect sentiment to flip bullish and rally in the short term.

Uniswap Price Prediction 2021

Crypto Scope Uniswap Price Prediction 2021: $90

In this YouTube video, predictions from various sources and for different terms are summed up to conclude Uniswap has tremendous potential. As soon as this year, the token is expected to break out of the consolidation and close 2021 at $90.

LongForecast Uniswap Price Prediction 2021: $21.58

More modest estimates are given by a usually bullish LongForecast prediction model. By December 2021, the price will not leave the current range and even go lower.
2021 will close with UNI at the $21.58 mark.

RippleCoinNews UNI Price Prediction 2021: $40.864

In this prediction published in Ripple Coin News, the analyst gives a more optimistic prediction for UNI holders. According to their technical analysis, the expected range for UNI price in 2021 is between $30.762 and $50.238, making the average $40.864.

UNI Price Prediction 2022–2024

CryptoNewsZ UNI Price Prediction 2022: $61

According to the prediction published on CryptoNewsZ, following the bull run of 2021, UNI has the chance to reach $61 in 2022. However, they predict a sharp correction in October of the same year.

Digital Coin Price UNI Price Prediction 2023: $49.4

Digital Coin platform predicts that in 2023 UNI will keep growing in price. In Uniswap price prediction 2023, its price on average will amount to $49.4. 

CoinArbitrageBot UNI Price Prediction 2024: $118.28

Another algorithm, housed at CoinArbitrageBot, forecasts a 388.17% growth for the UNI token by 2024. According to their Uniswap price prediction 2024, it will grow to $118.283.

Uniswap Price prediction 2025

Coinpedia UNI Price Prediction: $280–312

Coinpedia authors expect the whole crypto market to grow explosively in the next five years. With it, the price of UNI can go up to $312 per token.
In case UNI fails to meet market expectations, it will still grow but only to $280.

Digital Coin Price UNI Prediction: $71.01

UNI Price Prediction 2025
Source: Digital Coin Price

In the DigitalCoinPrice projections, in 2025 UNI will be worth about up to 235% more than it is now. The range in which monthly averages will stay for the whole year is between $62.08 (March) and $80.83 (October).

CoinPriceForecast UNI Price Prediction: $62.15

According to this forecast, 2025 will not be a very productive year for UNI prices. At the time of writing, they predict that it will open at $57.07 and close at $62.15.

Uniswap Price Prediction 2030

Of course, Uniswap is an up-and-coming project with great potential. But it is still hard to tell what regulations or volatility will do to the UNI token in such a long time.
CryptocurrencyPricePrediction website takes their shot at pinpointing a possible UNI price at the end of the decade. They speculate that during 2030 it will grow from $770.98 in January to $1,011 in December. 

ChangeHero Uniswap Price Prediction

With Uniswap V3 and launch on Optimism, UNI gained more use cases and became more attractive for investors. This could drive demand up, especially before the current max supply of 1 billion UNI is distributed.
We may see triple and even four digits in a few years. If Bitcoin surges as a result of its rally, UNI is popular enough to follow suit.

How to Get UNI with ChangeHero?

You can buy UNI using ChangeHero in five simple steps:

  1. Choose the currencies on the home page, amounts and the type of exchange. Provide your UNI 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. For  Fixed Rate transactions you have 15 minutes before it expires;
  4. From here on, you won’t need to do anything. At this step 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 UNI is on the way to your wallet. Congratulations, it’s done! You may even leave a review for us.

Our support Heroes are always there for you in the chat on our website or through the email: [email protected].

Conclusion

Is UNI token a good investment? The consensus is yes: the team is one of the most consistent update shippers in the DeFi sector. UNI token being tied to the value of the DEX is a guarantee it will keep accruing value in the long term.
For more articles like this, check out our blog and subscribe for future updates on our Twitter, Facebook, Reddit and Telegram channel.

Frequently Asked Questions

[sc_fs_multi_faq headline-0=”h4″ question-0=”Is Uniswap (UNI) a good investment?” answer-0=”UNI will continue appreciation this year but most experts do not expect large returns from it in the short term. Others think that by the end of 2021, UNI can reach $90.” image-0=”” headline-1=”h4″ question-1=”Can Uniswap reach $100?” answer-1=”In the long term, Uniswap can reach $100 and more but not earlier than in 2024.” image-1=”” headline-2=”h4″ question-2=”What will UNI be worth in 2021?” answer-2=”Depending on the source, estimates for the Uniswap token price in 2021 range between $21.58 and $90.” image-2=”” headline-3=”h4″ question-3=”What will UNI be worth in 2022?” answer-3=”One of the cited sources provides a target of $61 for UNI in 2022.” image-3=”” headline-4=”h4″ question-4=”What will UNI be worth in 2025?” answer-4=”In different opinions, estimates for the UNI token price in 2025 range between $57.07 and $312.” image-4=”” headline-5=”h4″ question-5=”What will UNI be worth in 2030?” answer-5=”Estimates for the Uniswap token price in 2030 range between $771 to $1,011.” image-5=”” count=”6″ 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.

Learn more:

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Author: changehero
September 27, 2021

Криптовалютный рынок на прошедшей неделе расстроил инвесторов снижением цены биткоина и многих других валют. Криптовалютные новости, были разнообразными: NFT от TIME, критика Илона Маска и многое другое — в нашей новой статье. Ключевые выводы  Курс биткоина на прошедшей неделе преимущественно снижался. В среду цена была минимальной — ниже 41 000 $; Криптовалютные новости на этой […]

криптовалютные новости

Криптовалютный рынок на прошедшей неделе расстроил инвесторов снижением цены биткоина и многих других валют. Криптовалютные новости, были разнообразными: NFT от TIME, критика Илона Маска и многое другое — в нашей новой статье.

Ключевые выводы 

  • Курс биткоина на прошедшей неделе преимущественно снижался. В среду цена была минимальной — ниже 41 000 $;
  • Криптовалютные новости на этой неделе сосредоточены вокруг обвала биткоина на фоне действий Китая. Власти Дубая, напротив, подписали соглашение о торговле криптовалютами в свободной зоне ОАЭ;
  • Почти все криптовалюты из топа в течение недели снижались в стоимости. Больше всех потерял курс UNI — 21,95 %. Также сильно опустился курс LTC и BCH, потеряв по 18 % каждый.

Криптовалютные новости: недельный дайджест

Новости биткоина

курс биткоина 24 сентября
Источник: CoinMarketCap
  • Цена открытия биткоина на этой неделе составила 47 351 $. Максимального курса BTC достиг в субботу, 18 сентября — 48 740 $. В среду, 22 сентября, цена биткоина была минимальной — 40 405 $;
  • 24 сентября в течение нескольких часов курс биткоина потерял 2 000 $ — цена составила 42 000 $. Снижение произошло на фоне появившихся сообщений о новых запретах со стороны правительства Китая в отношении криптовалютной индустрии;
  • На момент написания статьи курс биткоина составляет 41 804,72 $. Объем торгов за 24 часа — 39 965 635 306 $.

Новости альткоинов

  • Представители Ripple заявили о партнерстве с центральным банком Бутана, Королевским валютным управлением (RMA). Они будут использовать решение CBDC (цифровой валюты центрального банка) от Ripple для поэтапного ввода в оборот CBDC;
  • Известный сторонник DOGE Илон Маск раскритиковал свою любимую криптовалюту за высокие комиссии в сети. Он считает, что комиссии должны быть ниже, чтобы DOGE могла свободно использоваться для розничной торговли;
  • В четверг в сети Ethereum был замечен перевод на сумму 20 тыс. ETH (примерно 62,9 млн долларов на момент совершения транзакции). Согласно данным Etherscan, комиссия составила 4,2 $. Вся сумма в ETH была переведена на один из адресов Binance.

Новости NFT

  • В пятницу журнал TIME выпустил коллекцию из 4 676 невзаимозаменяемых токенов (NFT). Они предоставляют “неограниченный доступ” к сайту TIME до 2023 года. Коллекция, которая получила название TIMEPieces, была выпущена под лозунгом “Построим лучшее будущее” и основана на работах множества художников со всего мира;
  • Компания по производству NFT Bookblocks.io заключила партнерство с организацией “женщины для афганских женщин” (Women for Afghan Women’s), чтобы помочь женщинам в Афганистане получить доступ к образованию в условиях захвата власти талибами. На сайте Bookblocks.io объявили, что 5 октября команда выпустит NFT, вырученные средства от которого будут переданы организации.

Новости политики и регулирования криптовалют

  • Народный банк Китая заявил, что услуги, предлагающие торговлю, обмен, выпуск токенов и деривативы для виртуальных валют — строго запрещены. По заявлению НБК “Зарубежные биржи виртуальной валюты, которые используют Интернет для предложения услуг местным жителям, также считаются незаконной финансовой деятельностью”;
  • Представители Управления Всемирного торгового центра Дубая (DWTCA) объявили, что подписали соглашение с Управлением по ценным бумагам и сырьевым товарам ОАЭ (SCA) о поддержке регулирования и торговли криптоактивами в свободной зоне. Новая инициатива устанавливает структуру, позволяющую DWTCA выдавать необходимые разрешения и лицензии на финансовую деятельность, связанную с криптовалютами. 

Другие новости 

  • Биржа Robinhood 23 сентября объявила о выпуске собственного криптовалютного кошелька. Пока что проект находится в стадии бета-тестирования. Генеральный директор Robinhood добавил, что проект является приоритетным;
  • Пользователи Twitter на iOS теперь смогут подключать сторонние сервисы для получения чаевых к своему профилю в социальной сети. Представители Twitter также сказали, что добавят в платформу функцию верификации NFT;
  • Биткоин-стартап Moon собрал 2,1 миллиона долларов. Компания использует вырученные средства для расширения в веб-приложение и мобильное приложение, что позволит пополнять карты Moon со счетами на разных биржах.

Криптовалютные новости в соцсетях: недельный дайджест

Видео недели


Видеоролик крипто-энтузиаста с ником Богатейший Ди на этой неделе стал самым популярным. В видео блогер рассказывает, как отыскать потенциально прибыльные альткоины.

Crypto Twitter

Известный трейдер @RyanWatkins_ в своем аккаунте в ответ на комментарий пользователя рассказал о своем мнение относительно BTC: 


Лучшее, что я сделал для своего PA, – это сбросил все мои BTC в начале лета DeFi в 2020 году.
С тех пор не держал его. Доминирование BTC — это психология”.
 
Крипто-энтузиаст @HsakaTrades высказался по поводу требований для попадания в топ-10 криптовалют:


Переход от монеты с рыночной капитализацией №11 в топ-10 на данный момент требует двукратного увеличения капитализации. На 11 месте находится AVAX”.
 
Криптовалютный инвестор @frxresearch поделился мнением о курсе ADA и приложил график изменения цены:


Cardano — настоящий эфириум”.

Дайджест топа криптовалют

На момент написания криптовалютного дайджеста общая статистика рынка выглядит следующим образом:

  • Глобальная капитализация рынка криптовалют составляет 1,88Т долларов США;
  • Общий объем DeFi на момент написания — 16,67B долларов США. Объем всех стейблкоинов составляет 79,03B долларов США — 79,03% от общего суточного объема рынка;
  • Доля капитализации биткоина на рынке составляет 42,62%.

курсы криптовалют 24 сентября
Источник: cryptorank.io

На прошедшей неделе многие криптовалюты из ТОП-100 показали снижение стоимости. Больше всего снизился курс UNI — ее показатели составили -21,95 %:

Заключение

На прошедшей неделе криптовалютные новости были сосредоточены вокруг запрета Китая на любые операции с криптовалютой. Несмотря на это, пример Твиттера показал, что все больше современных сервисов одобряют криптовалюту.
Вы можете найти последние криптовалютные новости и дайджесты в нашем блоге. Подпишитесь на ChangeHero в Twitter, Facebook и Telegram, чтобы получать свежие новости каждый день.

Author: changehero
September 27, 2021

Создатель криптовалюты SHIB назвал свой токен “убийцей DOGE”, и благодаря поддержке сообщества и бирж, криптовалюта Shiba Inu значительно выросла в цене. В новой статье мы представим вам прогноз SHIB, а также расскажем чуть больше о криптовалютном проекте Shiba Inu. Прогнозы SHIB на 2021–2030: сводка Итоговая таблица прогнозов выглядит следующим образом: Год Курс SHIB в долларах […]

прогноз shib

Создатель криптовалюты SHIB назвал свой токен “убийцей DOGE”, и благодаря поддержке сообщества и бирж, криптовалюта Shiba Inu значительно выросла в цене. В новой статье мы представим вам прогноз SHIB, а также расскажем чуть больше о криптовалютном проекте Shiba Inu.

Прогнозы SHIB на 2021–2030: сводка

Итоговая таблица прогнозов выглядит следующим образом:

Год Курс SHIB в долларах США
2021  0,0000076-0,000012
2022  0,0000093
2023  0,000031
2024  0,000047
2025  0,000022-0,000249
2030  0,000046-0,000211

Большинство криптовалютных аналитиков считает, что курс криптовалюты SHIB будет расти постепенно. К 2023 году цена начнет расти наиболее активно. Этому может послужить поддержка сообщества, а также доверие со стороны инвесторов.

Что такое Shiba Inu и криптовалюта SHIB?

Shiba Inu — это токен ERC-20, созданный анонимным автором, известным под псевдонимом Ryoshi. На официальном сайте Shiba Inu говорится, что монета представляет собой децентрализованный мем-токен, который стремится стать частью полноценной экосистемы. 

логотип shib
Источник: Cryptoonliner

В техническом документе также говорится, что цель проекта — построить систему из трех токенов с разной эмиссией и разными целями: 

  • SHIB — это основная валюта экосистемы с максимальным запасом в один квадриллион (1 000 000 000 000 000); 
  • LEASH — это второй токен, имеющий запас 107 646 токенов; 
  • Третья валюта — BONE, с запасом 250 000 000 токенов. 

LEASH был создан в качестве токена перебазирования, но команда проекта отказалась от этой функции. Токен BONE является токеном управления, который позволит голосовать по предстоящим предложениям. 
Команда, стоящая за токенами, также создала децентрализованную биржу (DEX) ShibaSwap. Она позволяет пользователям “копать” (обеспечивать ликвидность), “закапывать” (ставить монеты), “извлекать” (извлекать токены из Uniswap или SushiSwap) и обменивать монеты. Эта DEX аналогична другим в сети Ethereum, таким как SushiSwap и Uniswap.
Команда Shiba Inu приглашает художников со всего мира способствовать “художественному движению Shiba”, поскольку они выводят сообщество Shiba Inu на рынок NFT.
Разработчики Shiba Inu также создали кампанию с использованием Amazon Smile для сбора пожертвований на спасение собак породы сиба-ину совместно с “Ассоциацией спасения сиба-ину”.

История курса SHIB

Курс криптовалюты SHIB в 2020 году

курс shib 2020
Источник: CoinMarketCap

Токен SHIB появился на рынке в августе 2020 года. Тогда его стоимость составляла 0,00000000051 $. К концу сентября курс SHIB упал менее, чем 0,000000000001 $. 

Курс криптовалюты SHIB в 2021 году

курс shib 2021
Источник: CoinMarketCap

В апреле 2021 года курс криптовалюты SHIB начал расти. Сначала, следуя тенденциям рынка, курс вырос до 0,0000037 $, а 10 мая обновил исторический максимум на отметке 0,0000388 $. 
Рост стоимости SHIB спровоцировало попадание токена в листинг Binance. Компания предупредила, что криптовалюта подвержена “более высокой волатильности и большому риску”. После пика началась коррекция, в результате которой цена упала до 0,000008 $.
На момент написания статьи курс SHIB составляет 0,000007113 $. Рыночная капитализация — 2 808 117 812 $. Криптовалюта Shiba Inu находится на 51 месте в рейтинге CoinMarketCap.

Что может повлиять на курс SHIB?

Листинг на биржах

Листинг на криптовалютных биржах всегда положительно влияет на курс токенов и коинов. В случае с SHIB листинг привел к обновлению исторического максимума благодаря добавлению монеты на биржи Binance и Crypto.com:


Crypto.com новый листинг — SHIB. Торгуйте SHIB в паре с USDT прямо сейчас”.
Криптовалюта SHIB показала рост после листинга 17 сентября 2021 года, после добавления валюты на Coinbase. Обменный курс SHIB/USDT подскочил на 16,42% — до 0,00000950 $ — впервые с 29 июня. 
Последний рост стал частью общего бычьего тренда, начавшегося в четверг, при этом SHIB вырос более чем на 26%. В результате токен увеличил свою доходность более чем на 40% всего за два дня торговли.

Инфлюенсеры

Как известно, одним из самых ярких криптовалютных инфлюенсеров в последние несколько лет стал Илон Маск. Его твиты о криптовалюте DOGE неоднократно вызывали рост стоимости монеты. 
В мае 2021 года Илон Маск написал в Твиттере, что собирается обзавестись щенком породы сиба-ину. После публикации Маска стоимость токена SHIB выросла на 68%.

Сообщество

Разработчики проекта Shiba Inu стремятся создать мощное и дружное сообщество, благодаря которому популярность валюты будет расти. В официальном аккаунте SHIB в Твиттере на момент написания статьи насчитывается уже более 900 тысяч подписчиков. Многочисленное и активное сообщество может положительно повлиять на курс криптовалюты SHIB.

Сообщения в Twitter

Крипто-энтузиаст @baddestonthepnt поделился информацией о петиции. Она была запущена с целью добиться листинга SHIB на криптовалютной бирже Robinhood:


184,700+ человек подписали петицию для Robinhood с просьбой добавить SHIB”.
Инвестор и держатель токенов SHIB @shibaa_token поделился мнением о будущем Shiba Inu:


SHIB — великие вещи ждут нас на нашем пути!!”.
Кандидат в сенат США Шеннон Брэй в своем аккаунте размышляет над будущим SHIB и криптовалют в целом:


Этот токен совершит прорыв? 
Shiba Inu набрал 900 тыс. #SHIBARMY в Twitter, обогнав Solana, Litecoin, Uniswap 
«… что подчеркивает растущий интерес реальных розничных инвесторов к цифровым активам»”.

Прогноз SHIB на 2021 год

Прогноз курса SHIB от WalletInvestor: 0,000010 $

Аналитики из WalletInvestor используют исторический анализ курса при составлении прогноза SHIB. Согласно их оценкам, в октябре цена на криптовалюту составит 0,000009 $, а к концу года немного увеличится — до 0,000010 $.

Прогноз SHIB от gov.capital: 0,000012 $

Эксперты из gov.capital также предпочитают исторический анализ стоимости криптовалюты для составления ее прогноза. По их мнению, в октябре курс SHIB составит 0,000009 $, а в декабре увеличится до 0,000012 $:

прогноз shib 2021
Источник: gov.capital

Прогноз курса SHIB от LongForecast: 0,00000765 $

Криптовалютные аналитики из LongForecast используют собственные алгоритмы для составления прогнозов. Согласно их оценкам, в октябре курс SHIB составит 0,00000768 $. В декабре цена незначительно снизится до 0,00000765 $.

Прогноз SHIB на 2022-2024 год

Прогноз SHIB на 2022 год от TradingBeasts: 0,0000093 $

Аналитики из TradingBeasts предпочитают совмещать исторический анализ курса с собственными алгоритмами. По их прогнозу, курс криптовалюты SHIB в начале 2022 года составит 0,0000091 $, а в конце — 0,0000093 $.

Прогноз курса SHIB на 2023 год от WalletInvestor: 0,000031 $

Согласно оценкам экспертов из WalletInvestor, в январе 2023 года курс криптовалюты Shiba Inu составит 0,000022 $. Эксперты ожидают, что к концу года цена вырастет до 0,000031 $.

Прогноз SHIB на 2024 год от CoinArbitrageBot: 0,000047 $

Эксперты из CoinArbitrageBot считают, что к 2024 году курс криптовалюты Shiba Inu вырастет более, чем на 560 %. Стоимость SHIB составит 0,000047 $.

Прогноз SHIB на 2025 год

Прогноз курса SHIB от WalletInvestor: 0,000053 $

Согласно прогнозам аналитиков от WalletInvestor, курс криптовалюты SHIB в начале 2025 года составит 0,000043 $. К декабрю цена вырастет до 0,000053 $.

Прогноз курса SHIB от DigitalCoinPrice: 0,000022 $

Аналитики из DigitalCoinPrice используют исторический анализ стоимости для определения курса криптовалюты. По их оценкам, в январе 2025 года цена SHIB составит 0,0000206 $, а в декабре — 0,000022 $:

прогноз shib 2025
Источник: DigitalCoinPrice

Прогноз SHIB от gov.capital: 0,000249 $

Эксперты из gov.capital считают, что криптовалюта Shiba Inu в январе 2025 года будет торговаться по 0,000170 $. В течение года стоимость продолжит расти, и в декабре составит 0,000249 $.

Прогноз SHIB на 2030 год

Большинство криптовалютных экспертов не берутся составлять долгосрочные прогнозы. Есть немало факторов, которые невозможно учесть. Это могут быть скачки на фондовом рынке или мнения инфлюенсеров. 
Несмотря на это, аналитики из CoinPriceForecast считают, что в конце 2030 года курс SHIB составит 0,00004612 $. Эксперты из PricePrediction настроены к стоимости Shiba Inu более положительно. По их оценкам, в 2030 году цена составит 0,00021129 $.

Прогноз криптовалюты SHIB от ChangeHero

Криптовалютные прогнозы составляются при помощи анализа множества индикаторов. Существуют сервисы, способные оценить большинство из них. Технический анализ SHIB—USD на месячном графике от TradingView не дает сигналов ни к покупке, ни к продаже. Это характеризует боковой тренд SHIB:

Технический анализ SHIB
Технический анализ SHIBUSD. Источник: TradingView

Команда ChangeHero считает, что при должной поддержке со стороны сообщества, проект Shiba Inu может начать активно расти. Цена SHIB может начать расти как благодаря твитам инфлюенсеров, так и благодаря множеству других факторов.

Как обменять SHIB с ChangeHero?

Если у вас есть криптовалюта, вы можете обменять SHIB при помощи сервиса ChangeHero. Для этого нужно выполнить всего несколько простых шагов:обменять shiba inu

  1. Для начала нужно выбрать курс: точный или лучший, а также валюту и ввести сумму обмена;
  2. Нажмите “Обменять”, введите адрес кошелька и ознакомьтесь с деталями обмена. На следующем этапе еще раз перепроверьте введенные данные, ознакомьтесь и примите Условия использования и Политику конфиденциальности сервиса;
  3. Переведите указанную сумму одним платежом — ChangeHero сгенерирует адрес для входящего платежа. Обмен по точному курсу имеет ограничение по времени —15 минут;
  4. Ожидайте окончания обмена — далее всю работу за вас сделаем мы, и криптовалюта SHIB придет сразу в ваш кошелек.

Если у вас остались вопросы, вы можете изучить наше подробное руководство, либо обратиться к специалисту службы поддержки. Команда ChangeHero на связи 24/7!

Заключение

SHIB пережил мощный подъем в мае и удерживал неплохие показатели в течение нескольких недель после этого. Рост после листинга Coinbase продлился недолго, а после курс снова упал. Тем не менее, сообщество продолжает расти, и все больше трейдеров выбирает SHIB.
Оставайтесь с ChangeHero, чтобы получать последние новости SHIB и других криптовалют. Узнать больше информации вы можете из нашего блога. Подписывайтесь на нас в Твиттере, чтобы всегда быть в курсе!

Часто задаваемые вопросы

Есть ли будущее у Shiba Inu?

Анализ платформы показывает, что Shiba Inu является стабильным проектом без видимых признаков сбоя в будущем из-за его поддержки криптосообществом.

Какой курс SHIB прямо сейчас?

На момент написания статьи криптовалюта SHIB стоит 0,000007113 $.

Будет ли расти курс SHIB?

Прогноз SHIB указывает на незначительные изменения цен в последующие несколько месяцев. Токен может не предоставить хороших возможностей для заработка в краткосрочной перспективе, однако подойдет для долгосрочных инвестиций.

Сколько будет стоить SHIB в 2021 году?

Согласно прогнозам экспертов в 2021 году курс криптовалюты SHIB может составить от 0,0000076 $ до 0,000012 $.

Сколько будет стоить SHIB в 2025 году?

Различные аналитики и эксперты считают, что в 2025 году курс криптовалюты SHIB может составить от 0,000022 $ до 0,000249 $.

Предупреждение

Данная статья не является консультативным материалом и не призывает к вложению средств в криптовалюты. Пользователь ознакомлен с рисками, связанными с инвестированием в крипторынок, и любые дальнейшие действия принимает, опираясь на собственное решение.

Author: changehero
September 24, 2021

Not only crypto traders but all markets felt dangerously close to a global crisis this week. All you could have missed while catching the dips — in our fresh new weekly crypto news digest! Key Takeaways Bitcoin and all world markets significantly dropped on Monday, following the cautions of Evergrande collapse. The situation still seems […]

Weekly cryptocurrency news digest

Not only crypto traders but all markets felt dangerously close to a global crisis this week. All you could have missed while catching the dips — in our fresh new weekly crypto news digest!

Key Takeaways

  • Bitcoin and all world markets significantly dropped on Monday, following the cautions of Evergrande collapse. The situation still seems to be unclear;
  • Bullish news came from Twitter which rolled out tips in Bitcoin;
  • Still, this was not enough as China declared all crypto trade illegal, causing another dip.

ChangeHero Updates

Exchange Tronix with Zero Fees

The limited offer this week is for TRX. Buy or sell TRX with crypto on ChangeHero easily and quickly as always — and with no fees for a couple more days!

Latest Crypto News Digest

Bitcoin This Week

BTCUSD chart: September 24, 2021
Source: TradingView
  • The week saw all markets, including crypto, to open in the red: a Chinese construction company Evergrande Group brinked on collapse. On Monday alone, BTC declined from $47.5k to $40,500.
  • Buyers slightly prolonged the fall but ultimately BTC touched a weekly bottom of $39,800 on Tuesday. Optimism returned to all markets as China’s central bank injected cash into the banking system.
  • Twitter announced Bitcoin tips on Wednesday (more in the next sections), and the sentiment flipped bullish. Why is Bitcoin crashing now? China banned all crypto trade and the news brought BTC down to $41,192.

Latest Bitcoin News

  • In addition to the Evergrande, China’s crypto trading ban and Twitter, options expiry also put some pressure on the Bitcoin price. Closing the week between $40,000 and $46,000 would mean an equilibrium between buy and sell calls, so bears had an incentive to keep the price lower than that threshold.
  • The Bitcoin.org website (arguably, the original hub since the whitepaper was published there) was hacked again this week. The hackers put up a double-your-funds scam message, and the address collected $17 thousand dollars before the control to the website was regained.

Altcoin News

  • Cross-chain protocol pNetwork was hacked and suffered losses of 277 pBTC ($12.7 million). The entire protocol had to be halted to fix the bug that got exploited in other bridges.
  • Bullish Ethereum news for the holders: JPMorgan published a report stating that institutional investors prefer ETH options to BTC.
  • Another DeFi protocol which was compromised this week is VEE Finance. The attacker drained the protocol of liquidity for $36 million.

Business Crypto News

  • Coinflux announced plans to launch a decentralized stablecoin pegged to the digital yuan for offshore trading. The project is not affiliated with the Chinese government and its primary target market is the Shanghai free trade zone.
  • Following disputes with the SEC, Coinbase made the decision to cancel the USDC lending product. Despite the finality of the decision, no separate statements were made to let the discontinuation be known to customers.

Crypto News on Adoption

  • Twitter introduced Lightning payments for Tips powered by Strike wallet API, as previously hinted by Jack Dorsey. Users will be able to provide their own BTC addresses, and the company will not be taking a cut off any transaction.
  • Francis Suarez shared the success of MiamiCoin initiative. The city funding initiative yielded for the city more than $5 million in the month of its existence.

Regulation & Politics Crypto News

  • The People’s Bank of China declared all crypto businesses and trading illegal, including derivatives trading and using foreign cryptocurrency exchanges. In an even more strongly worded statement, they mentioned Tether for the first time as pertaining to cryptocurrencies as well.
  • United Arab Emirates authorities have signed an agreement to provide support to regulation, use and development of crypto assets. The Securities and Commodities Authority (SCA) and the Dubai World Trade Centre Authority (DWTCA) aim to provide more entrepreneurial opportunities in the free zone.
  • According to a Bloomberg report with anonymous sources, Binance is getting probed on possible insider trading and market manipulation. Several weeks ago, the same investigation was said to be started with Uniswap.

Social Media Crypto News Digest

Video of the Week

What are oracles and how do they work? Whiteboard Crypto answers this and many other blockchain-related questions in an easy-to-understand way.

Crypto News from Twitter


Jack Mallers recorded the moment tips in Bitcoin became available for iOS users. Down the thread, he even showed how to send a tip abroad using the new function.


China has issued another warning against cryptocurrencies and their trading this Friday. The frequency shows that it is not very effective, though.


Tired of the Stock-to-Flow model and halvings narrative? How about a theory that global Bitcoin price trends have been tied to the Chinese debt crisis instead of halvings all along?
While this may look like a wild assumption, it is based on Ray Dalio research of Chinese markets. Perhaps there is more to the truth than a single model or chart.

Influencer of the Week


Messari chief researcher Ryan Watkins shares deep dives into the crypto markets. If you are looking for unconventional wisdom, his account would be a good place to start!

This Week on the Market

How is the market this week? At the moment of writing the digest, the general stats are:

  • Total Market Cap: $1,869,080,083,140 (-12%);
  • BTC Dominance: 42.2%.

7d Change in Top Coins

7D crypto digest: September 24, 2021
Source: CryptoRank

At the moment of writing, the weekly change of the top currencies is:

Gainers of the Week

What is the best cryptocurrency to buy now? Even in this week’s bloodbath, there are winners:

Conclusion

With September, a historically negative month for Bitcoin, coming to close, the bulls and bears will battle each other more desperately. The shockwaves sent by the news from China will have less effect going forward, but no one knows what other news the next week may bring.
In any case, you will know it from our next weekly crypto news digest in our blog. Follow ChangHero on Twitter, Facebook, Reddit and Telegram for daily updates and more content.


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Author: changehero
September 24, 2021

News headlines are more often overtaken by stories of non-fungible tokens selling for hundreds of thousand dollars. What are NFTs and why are people saying it is one of the most promising blockchain technologies? NFTs explained by the ChangeHero team in this guide in depth. Key Takeaways NFT stands for non-fungible token, a unique asset […]

What are NFTs? A Beginner's Guide

News headlines are more often overtaken by stories of non-fungible tokens selling for hundreds of thousand dollars. What are NFTs and why are people saying it is one of the most promising blockchain technologies? NFTs explained by the ChangeHero team in this guide in depth.

Key Takeaways

  • NFT stands for non-fungible token, a unique asset on a blockchain that cannot be used interchangeably with other tokens;
  • The uniqueness of the NFT standards makes them a boon for demarking ownership and/or rights to use. This is finding use in art and distribution, blockchain services and games;
  • The most popular NFT platforms and projects these days are Crypto Punks, Bored Ape Yacht Club.

What are NFTs?

NFT
Design by Catherine, Biz Dev at ChangeHero

First of all, let’s sort through the term: what is a non-fungible token? What does non-fungibility mean?
Fungibility is a property of an asset that means it is interchangeable with any other asset of the same value. On the contrary, non-fungibility is synonymous with uniqueness. 
Even if two non-fungible tokens have the same value (for example, represent the same in-game item), they are not interchangeable.
How can this be useful? Like in the example above, NFTs can represent in-game assets like items, cards or pieces of art. Each token represents a unique unit of value, even if they belong to the same category. 
Basically, non-interchangeability is useful to determine ownership of an asset that NFT represents. 

How Did We Arrive at NFTs?

The first tokens were actually developed for the Bitcoin blockchain and were essentially non-fungible. They were called Colored coins and are considered predecessors of modern blockchain tokens.
Another second-layer network to Bitcoin, Counterparty housed the first tokenized directory for Rare Pepes. Each of the entries in the library is unique and represented by its own Counterparty token.
Then, in 2015 Ethereum introduced smart contracts. Now, everyone could issue and transact with tokens even more easily. 
The only catch is that back in 2015 there was only one token standard — ERC-20. Nevertheless, Decentraland, CryptoKitties, CryptoPunks and EnjinCoin started implementing tokenized assets in games and digital art. 
It was after the success of these projects that the ERC-721 standard was developed in 2018.

How Do They Work?

NFTs are not exclusive to Ethereum: among the platforms that support them are Ravencoin, Qtum, EOS, TRON… In essence, though, they are the same. 
Each token is assigned a digital hash that distinguishes it from every other NFT of its kind.
NFTs cannot be directly exchanged with one another because of their unique nature. 
Instead, they can be put on sale on special marketplaces for a cryptocurrency of choice.

What are NFTs’ other properties?

  • Non-interoperability: a nonfungible token cannot represent different assets in different games or apps;
  • Indivisibility: there can be no more than a set number and no less than one of an NFT;
  • Indestructibility: the data is immutably recorded on the blockchain;
  • Verifiable: like any asset on blockchain, an NFT can be traced back to its original creator.

NFT Standards: Non-Fungible and Semi-Fungible

NFT Standards: Non-Fungible and Semi-Fungible
Source: @dfinzer – Twitter

In the case of Ethereum, there are now two standards which can be used for NFTs. 
ERC-721 is strictly non-fungible and unique. ERC-1155 is semi-fungible, and allows for class tracking rather than object tracking. 
For example, in a game ERC-1155 tokens can be used to represent consumable items like ammo or potions. This standard is also handy because it saves computing power of the network, and therefore, transaction fees.

What are NFTs Used For?

NFTs became a huge step in tokenization of various assets on blockchain. Here are only a few examples how they can be used:

  • Authenticity check. CryptoKicks are a patented product of Nike. These are tokens that are sold together with the shoes and are used to verify authenticity of the product;
  • Collectibles. Sports cards and other collectibles are pretty much the real life equivalent of a classic NFT. Football clubs like Juventus collaborate with blockchain developers such as Sorare to issue player cards. Fans can buy them to show support to the club and put them to use in the Sorare’s fantasy soccer game;
  • Ownership. Another use case where NFTs can see a lot of potential is music distribution. For example, musician DJ 3LAU offered his latest album for auction as an NFT.
    The winners can redeem their tokens for vinyls, custom tracks and streaming subscription. This scenario cuts out middlemen such as distributors, who claim large shares of musicians’ profits.
  • Name services like Unstoppable Domains or ENS (Ethereum Name Service) use the NFT standard to create unique human readable addresses for ETH.

Why are NFTs so Expensive?

According to Nonfungible.com, an average NFT sale in September 2021 brought a seller $6,132.62. The top most expensive NFTs heavily skew the estimate: these went off the auction for nearly $6 million.
But why are people so willing to spend millions of dollars on a token with a link to a JPG or a PNG? The logic is the same as with pieces of art: the bids are made exclusively with the perceived value of an asset in mind.
If an NFT is associated with a famous personality or project, it can be sold for millions of dollars. It does not have to be something of incredible artistic value: Crypto Punks are randomly generated simplistic pixel art avatars.
In less known projects, such as Blockchain Art Exchange NFTs were sold for $25 on average, and CryptoZombies went for $1.3 on average. NFTs are far from being a rich-only club, as there are many projects that a regular enthusiast can get into.

Ten Most Expensive NFTs

That being said, auctions which see NFTs being sold for astronomical prices are the main drive of the interest to the market. Just to give you an idea what is popular with the enthusiasts and why, here are some of the most expensive NFTs ever sold:

  1. Beeple, Everydays: The First 5000 Days: a collage of 5,000 pieces made by the digital artist. $69,346,250.
  2. Edward Snowden, Stay Free: the whistleblower’s portrait with the court ruling finding surveillance brought to light by him, illegal. $6,886,126.72;
  3. CryptoPunk #8857: Zombie, Wild Hair, 3D glasses. $6,641,920;
  4. Beeple, Crossroads: a surprise auction, which was bought out for ten times the original price upon revealing. $6,600,000;
  5. Beeple, Ocean Front: a piece from the Everydays series now owned by Justin Sun. $6 million.
  6. Dmitri Cherniak, Ringers #879: procedurally generated Art Blocks picture, initially sold for $129.37. $5,698,249.57;
  7. CryptoPunk #6275: Zombie, Mohawk Dark, Shadow Beard. $5,142,530.39;
  8. Mad Dog Jones, Replicator: an art NFT that produces copies of itself. $4,144,000;
  9. Bored Ape #3749: Bored Ape Yacht Club generated avatar with laser eyes and solid gold fur. $2,921,076;
  10. CryptoPunk #8888. The number of the entry is probably the reason for reselling so expensively: $2,872,435.92;

Businesses and Celebrities

Seeing just how much the tokens can be traded for, plenty of businesses decided to join the trend. Just a few of them are:

  • Heavy Metal, legendary comics magazine tracing its history from the 70s. They released a collection of NFTs with classic covers, as well as entries that can be fused into the rarest kind in the collection;
  • Naomi Osaka, Japanese-Haitian tennis star. The April collection included six artworks inspired by the athlete’s career and experiences;
  • Caretaker of Kabosu, poster dog(e) of the Doge meme, Sato Atsuko auctioned off the NFT with the original photo for 1,696.90 ETH;
  • Fox Corporation, American media giant, struck several collaborations to launch a blockchain-based media distribution platform;
  • Alibaba Auction, an arm of the Chinese e-commerce giant, has a dedicated section for NFTs explicitly for copyright purposes.

What are NFTs Criticized For?

As any emerging technology and market, NFT trading is rife with things that haven’t been worked out yet. In fact, there are so many problems in the space that at the current state it is almost controversial.

Intellectual Property Rights Abuse

The most glaring problem is that while NFTs are handy to represent ownership, from a legal standpoint they do not yet. Unless explicitly stated in the process of sale (and that is how large auctions operate), the creator of an artwork retains all rights to use the original artwork.
Moreover, at the peak of the NFT boom, art theft was rampant, when users would mint NFTs of artworks without an original creator not even knowing about it. While NFTs were supposed to let creatives monetize their art without any middlemen, the opposite was happening: middlemen hijacked the art monetization.
Independent artists have to deal with the intellectual property rights abuse themselves but at least they have a choice how to engage with the NFT market. Meanwhile, media giants such as Marvel and DC preemptively bar their contractors from using the characters for NFT sales.
In all cases, though, since legally NFTs are worth only as much as the contract implies, the linked content can be taken down. This is far from pleasant to both sides, since creators have to deal with copyright issues and the owner of an NFT ends up with worthless junk code.

Market Manipulation

The NFT market inherited both best and worst practices from its art auction predecessors. Particularly, wash trading which is repeated and coordinated buying and selling to artificially inflate the volume of an asset.
In a study of the Nonfungible.com team, between May 2020 and February 2021, an unnamed marketplace had as much as 28% ($2,252,925.00) volume accounted for by wash trading. 10% more was defined as suspicious.
Anecdotal evidence also points to insider trading making its way into the industry. OpenSea product lead was accused of trading a drop before it going public, and resigned on the accusations.

Buying Into FOMO

And finally, while some collections were making headlines and auctioning for hefty sums, the price floors for the rest of the market fell significantly. Only 26.9% of the OpenSea sales are liquid, and the most actively traded 3% account for 97% of the dollar volume.
Even being a celebrity is not a guarantee to get into the 3% of high-profile projects. Wrestler and actor John Cena managed to sell only 7.4% of his collection of NFTs.
All these points of contempt are more than just kinks and quirks to work out. Engaging with the NFT space can be highly rewarding but requires an incredible degree of due diligence for success.

How to Create NFTs?

Good news: making an NFT is not rocket science! Anyone can mint and even put up for an auction an NFT with any content they rightfully can.
To get your hands on an NFT, you can attach something of value to a new unique nonfungible token. Many platforms have generators that streamline the process of creating NFTs. 
Some of the apps that let you make an ERC-721 token are MetaMask, Mintable, and Receiptchain. The best shot for creating an NFT on another blockchain would be through an official dApp or wallet.

Where to Buy and Sell NFTs?

Another option to get an NFT for yourself is to hunt for gems that other people have already created. As mentioned, NFTs can only be traded on special marketplaces, as they are not directly interchangeable. What are NFTs marketplaces? The most popular ones are OpenSea, Rarible, Super Rare, Axie Infinity and Nifty. Some projects have their own dedicated marketplaces, such as CryptoPunks and NBA Topshot.

In Conclusion

All in all, what are NFTs’ merits and prospects? Anything, from digital identity to a work of art can be put on blockchain, which guarantees uniqueness and verifiability. This versatility of actual use cases is the reason NFTs are said to become the next big thing.
Did you know that NFTs are often featured in crypto news and Beginner’s Guides? You can read more of them in our blog. If you want to get the updates to it first, follow ChangeHero on social media: Twitter, Facebook, Reddit and Telegram.

Frequently Asked Questions

[sc_fs_multi_faq headline-0=”h4″ question-0=”How to create an NFT?” answer-0=”NFTs can be minted like regular tokens, with the help of special services or wallets, even without technical expertise. Such services include MetaMask, Mintable and Receiptchain.” image-0=”” headline-1=”h4″ question-1=”What is an NFT?” answer-1=”NFT stands for “non-fungible token” which is a kind of blockchain asset that is irreplaceable by its analogs. Each NFT associated with a single contract is unique.” image-1=”” headline-2=”h4″ question-2=”What are NFTs used for?” answer-2=”NFTs are finding use in art distribution, certificates of authenticity, digital copyright certificates and most commonly, collectibles.” image-2=”” headline-3=”h4″ question-3=”Where to buy NFTs?” answer-3=”There are plenty of dedicated NFT marketplaces: OpenSea, Rarible, Superare and so on. Blockchains other than Ethereum have different marketplaces.” image-3=”” headline-4=”h4″ question-4=”Will NFTs be the future?” answer-4=”Provided there is more certainty to their use and maybe even legal precedence, NFTs can fulfill the purpose of the certificate of originality they blew up on.” image-4=”” headline-5=”h4″ question-5=”What are some examples of non-fungible tokens?” answer-5=”Common examples of non-fungible tokens would be randomly generated CryptoPunks or NBA TopShot athlete and club collectibles. A less obvious but very illustrative example would be Unstoppable Domains, which is a human-readable Ethereum address service.” image-5=”” count=”6″ html=”true” css_class=””]


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Author: changehero
September 19, 2021

A rapid growth of UST and LUNA in the past few months has left people wondering, “What is Terra?” This is, in fact, an already working solution that takes the best of the worlds of payment processors and crypto — with stablecoins! In our Terra beginners guide we will explain why this platform became so […]

A rapid growth of UST and LUNA in the past few months has left people wondering, “What is Terra?” This is, in fact, an already working solution that takes the best of the worlds of payment processors and crypto — with stablecoins! In our Terra beginners guide we will explain why this platform became so popular these days and how it works.

Key Takeaways

  • Terra is a blockchain platform for quick and borderless payments, the main feature of which is algorithmic stablecoins pegged to different fiat currencies;
  • Terra platform is powered by its native currency LUNA which keeps the peg of stablecoins, is used in staking and voting;
  • Terra is backed by Terra Alliance of 15 East Asian e-commerce companies and is used by millions of mobile payments provider CHAI users.

What is Terra?

Terra is a blockchain platform that enables payments with stablecoins algorithmically stabilized by its native cryptocurrency Luna. Terra aims to combine the reliability of stablecoins with the benefits of blockchain technology: low transaction costs and borderlessness.
Unlike fiat-backed stablecoins such as Tether and USD Coin, the price of Terra’s stablecoins is kept stable by the protocol itself. The protocol includes an automated market maker which lets Luna and Terra’s stablecoins be traded in both directions.

How does Terra Collateralization Work?

Terra Collateralization
Source: Hashed – Medium

Terra platform has many stablecoins pegged to different fiat currencies, so what is TerraSDT that acts as an intermediary? It is a stablecoin the value of which is pegged to the International Monetary Fund’s SDR basket of currencies.
When the demand for stablecoins rises and the transaction activity grows, the price of stablecoins goes above the peg. The protocol issues new stablecoin tokens to bring it closer to peg and lets them be sold for LUNA for a higher price.
Conversely, in the event when the price of stablecoins goes below the peg, more LUNA is issued. The market-maker offers newly minted LUNA for Terra stablecoins, and the decline in value of a stablecoin is redistributed among LUNA holders.
Terra runs on Tendermint, which is one of the first Proof-of-Stake (PoS) algorithms ever. Tendermint smart contracts enable not only the Terra stablecoins and their collateralization but also on-chain governance and stabilize rewards for staking.

History of the Terra Project and the Team

What is Terra’s beginnings? After the boom of the crypto market in 2017, Terra founders Daniel Shin and Do Kwon decided to create an international system for payments on its basis. 
From its conception in early 2018 to the mainnet launch, almost a year and a half passed. Terra was finally launched in April 2019.
The project was backed by 15 large e-commerce companies (TMON, TiKi, Yanolja, Megabox, Musinsa and others) collectively known as Terra Alliance. The platform had an ICO, participants of which included Binance, Huobi Capital and Coinbase Ventures.
To hold the pre-sale, as well as for the purpose of supporting further development, Terraform Labs was created. The company is based in Seoul, and the board now consists of four executives: Do Kwon as the CEO, Brian Jung, Nicolas Platias and Paul Kim.

What is LUNA?

LUNA logo
Source: Crypto Logos

Luna was already mentioned in the previous sections of this Terra beginners guide. This is a native currency of the Terra platform which stabilizes the price of stablecoins.
LUNA plays a crucial role in maintaining the protocol as well, as it is the coin that is necessary for staking. Terra uses the delegated PoS model: there are a limited number of validators to whom users can delegate their LUNA for a share of their rewards.
The rewards of validators come from three sources: gas, taxes that act as stabilization fee and seigniorage. Seigniorage rewards come from participating in the work of market-maker oracle.
LUNA also represents voting power so the validators that collect more tokens will have more say in the workings of the protocol. Particularly, some things that they can decide on are tax rates, community funds spending and reward rates.
The supply of LUNA coin is dynamic since the coins are constantly burned and minted but it has a hard cap of 1 billion LUNA.

LUNA Use Cases

LUNA is mainly used in the previously described ways: for staking (or delegating) or voting.
When LUNA is staked or delegated, it is bonded in the protocol and cannot be freely traded. There is a vesting period of 21 days for unbonding LUNA but transferring bonded tokens between validators can be done instantly.
Voting power of LUNA is relevant mostly to the active validators. However, users also can participate by delegating their stake to the delegate they agree with.
Fundamentally, Luna tokens represent the value of the Terra payment network. Holding LUNA means having a long-term stake in the future of the protocol.

Comparison with Similar Platforms and Cryptocurrencies

The relationship between Terra stablecoins and LUNA is very reminiscent of the DAI and Maker pair. There are a couple of crucial differences, though.
The DAI stablecoin is pegged exclusively to the US dollar while Terra has several stablecoins pegged to USD, EUR, Chinese yuan, Japanese yen, UK pound and Korean won. Another difference is that DAI and Maker run on Ethereum and are both ERC-20 tokens.

What is Terra Criticized For?

Terra development has a history of delays of major upgrades. Savings accounts were delayed in 2020, and Columbus-5 was moved to late September.
While delays are not inherently bad and give developers more time to improve the security, stakeholders might get frustrated.
Algorithmic stablecoins are also more sensitive to market fluctuations. The team even admitted that themselves and is going to launch a fund for contingencies.

Partnerships and Future of Terra

Speaking of Columbus-5, what is in the upcoming update? Most importantly, it will bring interoperability with the Cosmos network but also burn seigniorage fees and redirect swap fees to oracle validators instead.
For the more distant future, the community is considering increasing interoperability with Ethereum, Solana and, of course, more stablecoins.
One of the most significant partnerships of Terra is with Chai, a mobile payment app. The 10 million-user mobile payment provider uses Terra blockchain for processing payments.

Terra on Social Media


Yahoo Finance anchor Zack Gusmán personally vouches for Terra Money (and links a useful video that explains what is Terra down below). He underlines how the project manages to combine the reach of cash with decentralized digital payments.


Influencer Nicolas Flamel explains LUNA and Terra stablecoins dynamic in a thread and explains how it affects the price. Long story short, LUNA holders are in a very good position right now!


Even unofficial news sources for Terra are of the quality on par with the official ones. This infographic, for example, demonstrates the recent votes of the community.

What is the Best LUNA Crypto Wallet?

Now that we have covered the fundamentals, let us give you some practical advice in this Terra beginners guide. Before you make a purchase, make sure you have a cryptocurrency wallet to store LUNA.
There is an official wallet for all platforms that supports all the features of Terra platform. 
In case you need a hardware wallet, we can recommend Trezor. In the Trezor Suite companion app, you can swap the assets with ChangeHero without switching between apps or windows.

How to Exchange LUNA?

If you want to exchange your crypto to LUNA and need a refresher on how exchanging with ChangeHero works, we’re here to help:

  1. Choose the currencies on the home page, amounts and the type of exchange. Provide your LUNA wallet address in the next step and check the amounts;
  2. Double-check the provided information, make sure to read and accept the Terms of Use and Privacy Policy;
  3. Send in a single transaction the sum of crypto currency you will be exchanging. For a Fixed Rate transactions you have a 15 minute limit;
  4. Sit back and relax. At this step 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 LUNA are on the way to your wallet. That is it!

If you ever run into any issues during your swap, our support team is always available to help you out in the chat or through the email: [email protected].

Conclusion

While other projects promise to build systems that would transform payments, Terra is already doing it. This explains how it rapidly grew and entered the top cryptocurrencies this year.
If you enjoyed this Terra beginners guide, check out our blog for more. Follow ChangHero on Twitter, Facebook, Reddit and Telegram for daily updates and more content.

Frequently Asked Questions

[sc_fs_multi_faq headline-0=”h4″ question-0=”Who created Terra crypto?” answer-0=”Terra crypto platform was founded by Daniel Shin and Do Kwon in 2018. The company they created is called Terraform Labs.” image-0=”” headline-1=”h4″ question-1=”What is Terra and LUNA?” answer-1=”Terra is a blockchain-based payment platform that uses algorithmic stablecoins. LUNA is the utility token of the platform that is used in backing stablecoins, governance and staking.” image-1=”” headline-2=”h4″ question-2=”What is the purpose of Terra LUNA?” answer-2=”LUNA is the coin that underpins the value of the Terra platform. The protocol’s market maker matches LUNA pairs with stablecoins to keep their price stable by supply and demand dynamics.” image-2=”” headline-3=”h4″ question-3=”How do I get LUNA Terra?” answer-3=”You can exchange any of the supported one hundred cryptocurrencies for LUNA on ChangeHero. It is easy, quick and secure: set a desirable amount, provide addresses, check the details and send a single transaction.” image-3=”” headline-4=”h4″ question-4=”How many Terra LUNAs are there?” answer-4=”The supply of LUNA is dynamic but capped at 1 billion LUNA. The current circulating supply of LUNA is 402,424,393.43 LUNA and liquid supply is 943,319,613 LUNA.” image-4=”” count=”5″ html=”true” css_class=””]


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Author: changehero
September 17, 2021

This has been a week full of all sorts of news: from the Solana network experiencing and recovering from massive downtime to the debunking of crypto payments in Walmart. It’s easy to get lost in the day-to-day events but we prepared this cryptocurrency news digest so you stay informed, enjoy! Key Takeaways Litecoin got affected […]

Weekly cryptocurrency news digest

This has been a week full of all sorts of news: from the Solana network experiencing and recovering from massive downtime to the debunking of crypto payments in Walmart. It’s easy to get lost in the day-to-day events but we prepared this cryptocurrency news digest so you stay informed, enjoy!

Key Takeaways

  • Litecoin got affected by a fake press release claiming Walmart will partner with Litecoin that got shared by credible sources;
  • Solana experienced major downtime that lasted for hours and made the validators vote on and initiate a restart;
  • Bitcoin price has caught an uptrend while the new version with Taproot support rolled out.

ChangeHero Updates

Exchange Litecoin with Zero Fees

Exchange Litecoin with Zero Fees
There are still a few days left to make use of the limited offer: LTC exchanges incur no fee! Make sure not to miss the deadline — September 20.

Latest Cryptocurrency News Digest

Bitcoin This Week

BTCUSD chart: September 17, 2021
Source: TradingView
  • This week saw Bitcoin climb from $46,400 all the way up to $48,400 and to $47,370 now. The two long candles on September 13th coincided with the Walmart-Litecoin news (more on this later!)
  • Why is Bitcoin dropping now? It got rejected from the $48,100 resistance but overall, stays in a much stronger range now than previously.

Latest Bitcoin News

  • Bitcoin Core 0.22 with Taproot support was released on September 13. Notable changes include I2P (anonymous network layer) support, new and updated remote procedure calls, which enable external signers (such as hardware wallets).

Altcoin News

  • Early this week, a fake press release claiming grocery store chain Walmart was to accept Litecoin payments. The headline was widely shared by Bloomberg, CNBC and the Litecoin Foundation but deleted as soon as its legitimacy was disproved. Litecoin creator Charlie Lee had to appear on Bloomberg to address the situation, and admitted the Foundation had a role in giving the news air of legitimacy.
  • The Solana network experienced downtime which lasted for several hours on September 15. The validator community had to initiate restart of the whole network after it essentially got overloaded. The price immediately started falling from $177 prior to the issue to the weekly bottom of $135.4.
  • SushiSwap’s MISO token launchpad suffered a supply chain attack (an attack targeting one of the steps in the production process) on the front end and suffered losses of 864.8 ETH (~$3 million). It has been confirmed to be the work of a vindictive developer Sava Grujic who later returned 865 ETH.

Business Cryptocurrency News

  • Blockchain-based music streaming service Audius, known for their integration in TikTok, raised $5 million from industry giants. Investors include Katy Perry, Jason Derulo, SonyMusic and K5 Global.
  • Binance CEO Changpeng Zhao told the South China Morning Post that the company halted plans for a decentralized HQ after facing regulatory pressure. The executive admitted that running a centralized exchange requires this.

Cryptocurrency News on Adoption

  • Fidelity Assets Digital published the results of a survey of 1,100 institutional investors worldwide. 70% of the respondents, with the majority in Asia, expressed neutral-to-positive attitudes towards digital assets, and 52% of them are already invested, with the majority in Europe (84%).

Regulation & Politics Cryptocurrency News

  • Following the fallout with Coinbase Lend, US Securities and Exchange Commission chairman Gary Gensler clarified that actually most crypto lending and staking products would qualify as securities. Senator Elizabeth Warren also joined in the conversation citing Coinbase downtimes during market instabilities as a threat to retail investors.
  • Laos is to lift a ban on cryptocurrencies by authorizing several businesses to trade and mine cryptocurrencies while the regulations are drafted for the rest. Laos being in a beneficial position to use hydropower can make it an attractive place for miners who move from China.

Social Media Cryptocurrency News Digest

Video of the Week

In this video, influencer Anthony Pompliano and the SoFi team go through the news about Fidelity Investments having a call with the SEC lobbying for a Bitcoin ETF approval.
First they give a more leveled perspective on the event than the headlines made it seem. Then, they go through the implications of approval of such an ETF: principally, it will give Bitcoin more legitimacy as an asset.

Cryptocurrency News from Twitter


In Ethereum news, a hacker managed to cause a split in Ethereum nodes that ran a Nethermind client. The split chain eventually was overtaken in block length and difficulty by the majority, and the consensus of nodes rendered an attack unsuccessful.


A Twitter user Zuwu managed to discover the fact that (now ex-) product lead of OpenSea NFT marketplace Nate Chastain was using his position to trade NFTs before they go public. Ethereum blockchain being transparent and uncensorable made it possible to hold him accountable for what essentially constituted insider trading.


Bitcoin enthusiasts in Budapest, Hungary erected a bust of Satoshi Nakamoto this week. The face of the bust is left featureless and polished to drive a message: we are all Satoshi.

Influencer of the Week


Spencer Noon is a well-known figure in the space, mainly focusing on Ethereum and Bitcoin but not ignoring the rest of the market. His level-headed insights come from the experience in venture capital and analysing startups, mainly in the crypto sphere.

This Week on the Market

How is the market this week? At the moment of writing the digest, the general stats are:

  • Total Market Cap: $2,124,545,572,966 (+4.3%);
  • BTC Dominance: 42%.

7d Change in Top Coins

7D crypto digest: September 17, 2021
Source: CryptoRank

Which is the best crypto to buy right now? The top was shaken up again, some currencies that were on the decline last week started to recover: XRP, UNI, LINK.
At the moment of writing, the weekly change of the top currencies is:

Gainers of the Week

Among the coins and tokens you can swap on ChangeHero, these ones brought in the highest returns this week:

Conclusion

Bitcoin and the market are on the track to recover and even continue the bull run. More institutional investors are looking into the space, and more countries realize the prospects of crypto businesses.
If you liked it, check out the next weekly crypto news digest in our blog. Follow ChangHero on Twitter, Facebook, Reddit and Telegram for daily updates and more content.


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Author: changehero
September 16, 2021

Most cryptocurrencies, like Bitcoin, have fully transparent ledgers but some argue it turns them into a surveillance nightmare. What is Zcash doing to solve this problem? Learn in our Zcash guide! Key Takeaways Zcash is a cryptocurrency that lets users hide information about the balances and exact addresses. To make it possible they utilize a […]

What is Zcash? A Beginner’s Guide

Most cryptocurrencies, like Bitcoin, have fully transparent ledgers but some argue it turns them into a surveillance nightmare. What is Zcash doing to solve this problem? Learn in our Zcash guide!

Key Takeaways

  • Zcash is a cryptocurrency that lets users hide information about the balances and exact addresses. To make it possible they utilize a cryptographic technique called zero-knowledge proof, or zk-SNARKs.
  •  Zcash’s viewing keys enable the selective disclosure of fully encrypted transactions, helping make Zcash compliant with financial regulations such as AML.
  • Migration to the Proof-of-Stake (PoS) consensus algorithm is in the discussion, and the community decides whether to go ahead or not. PoS privacy coins are not unheard of but were not possible without zk-SNARKs.

What is Zcash?

Zcash logo
Source: Wikimedia Commons

Zcash is an open-source cryptocurrency with enhanced privacy features. It sets out to provide an alternative to the pseudonymous transparent ledgers.
Zcash enables privacy options on-chain, leveraging cryptography to conceal information. How does it work and what cryptographic technology exactly does it use? Here is an explanation.

What is Zk-SNARK and How Does It Work?

It is only natural that a cryptocurrency would use cryptography to encrypt and hide data. The technology Zcash uses is called zk-SNARKs, or Zero-Knowledge Succinct Non-Interactive Argument of Knowledge.
Using cryptography, Zcash blockchain can help users transact with one another without disclosing transaction information on-chain. This is what “zero knowledge” stands for: you know the transaction is valid but specific information about transaction itself is concealed.
When opting in for a shielded transaction using a z-address, a user can send currency to someone else without their balances or addresses being visible to everyone else. A thought experiment called “Ali-Baba Cave” is often used to illustrate it. 

Zero knowledge proofs
Source: Visual Zero-Knowledge Proof of Identity Scheme: A New Approach
by Abdullah Jaafar and Azman

Peggy (Prover) enters the cave and chooses a random path to a “magic door”. They know the code (key and prerequisites for a transaction) to open it. 
Victor (Verifier) follows into the cave and stands at the branching point. They don’t know which path Peggy chose or on which side of the door they are standing. 
Victor can ask them to come back to the branching point either through path A or B at random, and Peggy can do it because they can pass through the door. 
The whole process can be repeated until Victor is convinced Peggy knows the magic word. Thus, without explicitly knowing the process or the prerequisites to confirm the transaction, a verifier can approve or decline a prover’s action.
In the case of Zcash, provers are the users sending out a transaction and verifiers are the miners who decide if transactions can be accepted.

History and Team

The history of Zcash started in 2013 when it was proposed as a privacy extension to Bitcoin. The proposal was turned down for being too computationally intensive and too experimental at the time.
With a dedicated team of researchers and developers, the Zerocoin protocol was made from an extension into a stand-alone cryptocurrency protocol. On October 28, 2016, it was finally launched under the name Zcash.
The launch was overseen by the ECC — Electric Coin Company (prior to 2019 — Zcash Company), which was founded by Zooko Wilcox-O’Hearn in 2016. ECC, Zcash Foundation, Zcash Open Major Grants (ZOMG), Zecwallet Lite and many others contribute to the development of Zcash. But, it’s the community that plays a crucial part in the governance.

What is ZEC?

Zcash is first and foremost a cryptocurrency protocol, and its native currency has the ticker ZEC.
When it comes to supply and tokenomics, ZEC is not that different from Bitcoin: it is also limited by 21 million coins. It is also using a Proof-of-Work consensus algorithm, which means it is mineable, and like Bitcoin it undergoes halvings.
In an event called halving, the miner’s rewards decrease in half. This event takes place at specific block heights, roughly every four years. 
There is one detail that makes Zcash mining very different from Bitcoin.
In ZEC, each new block produces 3.125 ZEC, 80% of which go to the miner. The rest is distributed to a Community Development Fund. The Community Development Fund allocates funding to Zcash Foundation, ECC and Zcash Open Major Grants.

What is Zcash used for?

Zcash is a privacy-preserving alternative to traditional currencies and pseudonymous cryptocurrencies. As such, its primary use case is payments and value transfer.
Online registries such as Cryptwerk, Accepted Here or Pay With Zcash have hundreds of vendors and merchants who accept ZEC. The latter even has a category for businesses where you can pay with a shielded z-address.

Comparison with Similar Projects

Zcash is just one of the privacy coins but what makes it stand out among the competition: Monero, Dash and Verge?
Monero is a currency in which transactions are opaque by default, and users have to opt-in for transparency. For this reason, it has some issues with regulations and compliance.
Unlike Monero, Zcash can leverage the argument of optional privacy to secure more exposure at exchanges and services that comply with anti-money laundering measures.
Dash and Verge Currency both have privacy options as well. Dash uses mixing to obfuscate coin paths and Verge obfuscates user’s IP addresses.
In Zcash, privacy is achieved through cryptography while Verge relies on Tor and I2P and Dash makes tracing harder but not impossible.

What is Zcash criticized for?

Privacy coins often get criticized by the regulators, and Zcash is no exception.
There’s a common misunderstanding that Zcash does not comply with the AML standards. In reality, the regulatory bodies can implement AML as Zcash offers optional privacy.
On the other hand, this may not make privacy enthusiasts happy.
The anonymity set of Zcash depends largely on the amount of z-addresses used: the more users opt in, the more opaque the ledger is.

Partnerships and Future Plans

Zcash news of late are reporting on a new and unexpected path Zcash wants to take: transition to Proof-of-Stake. However, the decision is in the hands of the community.
There are hardly any prominent PoS privacy coins on the market right now because a staker’s balance has to be known. Zk-SNARKs make a PoS privacy coin possible because the conditions for staking can be checked without disclosing them to the public.
Thanks to the support and efforts of ECC, ZEC can keep expanding the user base via integrations. The ECC team is in the process of changing their strategy from engineer- to user-focused, meaning ZEC will be treated more like a product.

Social Media posts


User Dr. El Don gave instructions on how to use a shielded address in Zcash. The latest release allowed mobile users to enable auto-shielding in a wallet of their choice.


Anonymous user, going by Francois Delacroix Boreaugard, voiced an opinion on the future of ZEC. They consider privacy synonymous with security and Zcash being able to offer more than just being a privacy coin.


The official account of ECC underlines the importance of community consensus when it comes to drastic changes such as PoS transfer. Of course, the company will be the one developing it but ignoring community input would go against everything cryptocurrencies stand for.

What is the Best ZEC Wallet?

To use Zcash to the fullest extent, meaning both transparent and shielded addresses, one has to download specific wallets. The most reliable way to store ZEC and use its privacy features is to run a full node or to use a Zcash-specific wallet like Zecwallet Lite on desktop or Nighthawk Wallet on mobile are available.
For hardware storage of Zcash, users can choose Trezor devices. Many multi-currency wallets like Coinomi, Trust and Exodus also have support for ZEC transparent addresses. 
In Exodus and Trezor, you can use the exchange option provided by ChangeHero right in the app to swap crypto with Zcash.

How to buy Zcash?

Privacy coins can be tricky to find on centralized exchanges. You don’t have to worry, though, because we have handled the search of trusted liquidity providers already! 
You can get it on ChangeHero at the most competitive rates. We made sure that the experience will be easy and secure.

How to Exchange ZEC?

To make our Zcash guide complete, here are the step-by-step instructions on how to buy Zcash on ChangeHero with crypto. It’s really easy:

  1. Choose the currencies on the home page, amounts and the type of exchange. Provide your ZEC 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. For  Fixed Rate transactions you have 15 minutes before it expires;
  4. From here on, you won’t need to do anything. At this step 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 ZEC is on the way to your wallet. And so, the transaction is finished!

Remember that you can reach our support in the chat on our website or through the email: [email protected].

Conclusion

Zcash is able to combine the security of privacy coins with regulatory standards, making it future-proof in comparison with the alternatives. What Zcash’s future is going to look like is being decided right now, so now might be the best time to dive in.
To check out other articles similar to our Zcash guide, make sure to subscribe to our blog and ChangeHero on Twitter, Facebook, Reddit and Telegram.

Frequently Asked Questions

[sc_fs_multi_faq headline-0=”h4″ question-0=”What is Zcash?” answer-0=”Zcash is a cryptocurrency protocol with optional privacy features. They are made possible by zk-SNARKs, a cryptographic technique that only needs a proof without disclosing the solution.” image-0=”” headline-1=”h4″ question-1=”How is Zcash different from Bitcoin?” answer-1=”Zcash made significant changes from the original Bitcoin protocol. It includes shielded z-addresses using which transactions can be made without disclosing amounts or addresses.” image-1=”” headline-2=”h4″ question-2=”Does Zcash have a future?” answer-2=”Electric Coin Company, Zcash Foundation and ZOMG are some of the many independent bodies contributing to the development of Zcash. In a more distant future, Zcash is planning to migrate to a Proof-of-Stake but it requires community support.” image-2=”” headline-3=”h4″ question-3=”Where is Zcash accepted?” answer-3=”Hundreds of businesses listed on Cryptwerk, Accepted Here or Pay With Zcash accept ZEC.” image-3=”” headline-4=”h4″ question-4=”Is Zcash legal?” answer-4=”Zcash cannot be traded in Japan and South Korea. Everywhere else in the world there are no regulations stating that privacy-enabling coins are illegal.” image-4=”” count=”5″ html=”true” css_class=””]


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Author: changehero
September 10, 2021

Past seven days were full of both extremely optimistic and discouraging news: BTC became legal tender as markets crashed. Our team rounded up every relevant piece of news to give you a full picture of this situation in our newest crypto news digest! Key Takeaways Bitcoin received its legal tender status in El Salvador on […]

Weekly cryptocurrency news digest

Past seven days were full of both extremely optimistic and discouraging news: BTC became legal tender as markets crashed. Our team rounded up every relevant piece of news to give you a full picture of this situation in our newest crypto news digest!

Key Takeaways

  • Bitcoin received its legal tender status in El Salvador on September 7. It coincided with a flash crash, in which BTC plunged 20% from $51 to $42 thousand;
  • In Ethereum news, British banking giant Standard Chartered published a report bullish on ETH, expecting $35,000. An OpenSea bug caused several dozen NFTs to end up at an inaccessible address.
  • Following El Salvador and Cuba, Ukraine has passed and Panama started reviewing laws to recognize and regulate cryptocurrencies.

ChangeHero Updates

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Latest Crypto News Digest

Bitcoin This Week

BTCUSD chart: September 10, 2021
Source: TradingView
  • These past seven days, the BTC price did not give anyone asking themselves “Why is Bitcoin going up?” a lot of time to wonder. Until Tuesday, it was climbing up and even managed to attempt to get near the $53,000 resistance.
  • On September 7, a massive cascade of long position liquidations caused a chain reaction and a selloff. At its lowest point, the BTC price touched $42,843 (Binance).
  • The dip was quickly bought out and the price recovered to $47,500. Since then, it has been stuck in a narrow range between $45k and $47k.

Latest Bitcoin News

  • Bitcoin development enterprise Blockstream and green infrastructure developer Macquarie announced a strategic partnership to explore carbon-neutral mining of Bitcoin. Macquarie will provide investment and expertise for Blockstream’s mining facilities in the pilot phase.

Altcoin News

  • Standard Chartered, a large British bank, published its first report on cryptocurrencies. What is interesting about it is that the bank considers Ethereum a more profitable investment than Bitcoin.
    Particularly, they believe Bitcoin can grow up to $175 thousand, and in that case, Ethereum price can multiply tenfold up to $35 thousand.
  • An unexpected contender rolls into the NFT arena: Litecoin has launched OmniLite protocol which can be used for stablecoins and NFTs. It uses Omni protocol as basis, which is already used for issuing assets on Bitcoin’s blockchain.

Business Crypto News

  • UK residents will be able to purchase Bitcoin and Ether with the Post Office’s EasyID. The option will be provided with a Swarm Markets’ voucher system.
  • Binance US appointed ex-Ant Group (Alibaba affiliate) and Uber executive Brian Shroder as a President and board member. The new leadership is supposed to help them go public and deepen the connection between the US subsidiary and the parent company.

Crypto News on Adoption

  • September 7 marked the Bitcoin law coming into effect in El Salvador, and was dubbed “Bitcoin Day”. Global businesses such as Starbucks and McDonalds started accepting Bitcoin locally.
  • Industry experts are already weighing in about the repercussions of the move: particularly, remittance providers can lose up to $400 million in profits. The remittance market in El Salvador accounts for $6 billion, and Salvadorans had to pay extra for cross-border payments. Commission-free BTC transfers in an official digital wallet Chivo render these services obsolete.

Regulation & Politics Crypto News

  • Panamanian congressman Gabriel Silva finally submitted the bill to regulate cryptocurrencies on Bitcoin Day. The plan is to help digital currency businesses grow to integrate Panama into the emerging digital economy.
  • Meanwhile, in Ukraine, parliament approved the law to regulate digital currencies. It sets apart backed digital currencies, which e-hryvnia will be considered to be, and non-backed cryptocurrencies, which include all existing cryptocurrencies.

Social Media Crypto News Digest

Video of the Week

Why did the flash crash happen and will Bitcoin crash again? Nick Merten of the YouTube channel DataDash explains that there was no large negative news.
The sellout impacted the market so significantly because of leveraged trading, which caused a cascade of liquidations.

Crypto News from Twitter


Possibly inspired by the developments in El Salvador, Grupo Elektra chairman announced plans to introduce Lightning Network payments in the stores of the chain. By the way, Elektra is one of the largest appliance store chains and cash advance service providers in Latin America.


It was not enough for OpenSea to be one of the top burners of ETH, and it started burning people’s NFTs (albeit, not intentionally). Due to a bug described in the thread, some 42 NFTs, including the very first Ethereum Name Service domain, got burned.


Coinbase CEO Brian Armstrong took to Twitter to tell a story how the SEC threatened the company with legal action. The point of contempt here was Coinbase Lend, which promised a return on USDC (Circle, the issuer, is in consortium with Coinbase) and was deemed a security.

Influencer of the Week


And speaking of the previous tweet, here’s a comment from one of popular crypto influencers, Altcoin Psycho. In their account, you can find commentary on the latest crypto news and helpful trading advice.

This Week on the Market

How is the market this week? At the moment of writing the digest, the general stats are:

  • Total Market Cap: $2,036,999,517,986 (-11%);
  • BTC Dominance: 41.8%.

7d Change in Top Coins

7D digest: September 10, 2021
Source: CryptoRank

At the moment of writing, the weekly change of the top currencies is:

Gainers of the Week

What is the best cryptocurrency to invest in for the long term? Holders of these tokens are reaping benefits this week:

  • Algorand (ALGO) $1.88 (↑52.69%);
  • Solana (SOL) $174 (↑23.04%);
  • Icon (ICX) $1.80 (↑19.29%).

Conclusion

Hope you were not discouraged by the dip — the rest of the news from the crypto world this week is wildly promising! From BTC receiving legal tender status to crypto purchases becoming more accessible, the sentiment is bound to catch up with the news.
If you liked it, check out the next weekly crypto news digest in our blog. Follow ChangHero on Twitter, Facebook, Reddit and Telegram for daily updates and more content.


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Author: changehero
September 9, 2021

Happy belated Bitcoin Day, the day when BTC finally became legal tender. Is El Salvador the beginning of hyperbitcoinization? Our team reviewed news and opinions to deliver an answer to that. What is Hyperbitcoinization? Hyperbitcoinization is indeed a complicated sounding term, in addition to being quite a mouthful. So what is hyperbitcoinization? As it was […]

Hyperbitcoinization: Is El Salvador the Beginning?

Happy belated Bitcoin Day, the day when BTC finally became legal tender. Is El Salvador the beginning of hyperbitcoinization? Our team reviewed news and opinions to deliver an answer to that.

What is Hyperbitcoinization?

Hyperbitcoinization is indeed a complicated sounding term, in addition to being quite a mouthful. So what is hyperbitcoinization?
As it was originally defined in the Daniel Krawisz article with the same title, hyperbitcoinization is “Bitcoin-induced demonetization”. The idea is that fiat currencies are going to be losing value not only due to hyperinflation but also losing competition to Bitcoin.
When people have the choice between a government-issued currency, which is by default uncontrollably inflationary, and Bitcoin, the assumption is that they will choose the latter. After all, Bitcoin is disinflationary, has hard-coded limited supply and is well suited for digital payments.
As a result, in a post-hyperbitcoinization world, Bitcoin is conventionally adopted as a means of payment everywhere. Cross-border payments are also done using Bitcoin as a vehicle, and most importantly, it does not rely on any fiat currency to denominate its value.
Can, or will hyperbitcoinization happen? For that to become reality, plenty of criteria have to be met first: most critical of all, Bitcoin adoption has to reach mass level.
Thankfully for all proponents of Bitcoin, we can already see what could as well be the beginning of the process.

Bitcoin and El Salvador

A vendor accepting Bitcoin in El Salvador
Source: The Guardian

In El Salvador Bitcoin has a legal tender status on a par with the US dollar since September 7, 2021. It will not be an understatement to say that this nation has become an unprecedented case that the sceptics and believers are watching with equal attention.
The decision was not made out of the blue. It all started in 2018 with El Zonte, a coastal town which attracted investors who thought adding Bitcoin infrastructure will help the community.
And help it did: according to the Vice documentary, locals received access to digital payments for retail and utilities. Fast forward three years, and the experiment continues on the national scale.

How Did the Government Prepare?

What is Nayib Bukele’s government doing for things to go smoothly? After all, they are still onboarding millions of people into a structure notoriously challenging even for the technically savvy.

  • Launching an official digital wallet Chivo with both USD and BTC (via Lightning Network) and instant conversions;
  • Providing one-time bonus payments of $30 in BTC for all users of the wallet. These $30 will not be convertible to USD;
  • Supplying 200 Bitcoin ATMs to as many locations as possible;
  • Purchasing BTC to the treasury (560 BTC at the time of writing);
  • Exempting Bitcoin transactions from capital gains tax;
  • Granting residency to foreign investors who put 3 BTC in the national economy;
  • And finally, building geothermally powered Bitcoin mining facilities.

From the government’s point of view, this move should lessen the reliance on the other legal tender, USD. But what do the people of El Salvador think?

What do the people of El Salvador think?

Apparently, the Bitcoin law is largely unpopular with the masses. 
Out of 1,281 respondents in the Central American University survey, only 32% expressed satisfaction with the passing of the law. 9 out of 10 respondents clearly stated a lack of understanding of Bitcoin, and 8 out of 10 people do not have plans to use it.
The widespread scepticism is understandable, as the law was passed only in five days since submission. The Salvadorans have not had enough time to accommodate yet and now they might be exposed to BTC’s volatility.
The opinions expressed in the survey are similar to what the International Monetary Fund has been warning El Salvador against. Volatility of cryptocurrencies can be harmful to national economies and households alike, and anti-money laundering laws are not enforced well enough, they claim.

Tweets about hyperbitcoinization and El Salvador


Of course, the go-to account to learn about the progress of Bitcoin adoption in El Salvador would be the President Nayib Bukele. During the flash crash on September 7, they stacked their supply of Bitcoin on the national balance sheet.
He even tagged the International Money Fund in the post. The IMF has been one of the most vocal critics of the Bitcoin law outside of the nation.


What is hyperbitcoinization looking like in practice? Even large and global businesses such as Starbucks and McDonalds will have to start accepting Bitcoin to continue working in the country.


Not everyone is in favor of the means with which the Bitcoin revolution is made. Originally, Bitcoin is an anarchist statement, and seeing it adopted at the hand of the state rubbed people the wrong way.
Regarding the story in the tweet, Mario Gomez was released hours after without any charges.

Other countries looking towards Bitcoin

Inspired by El Salvador’s example, other countries are starting to look into legalizing existing digital currencies.
Which country uses Bitcoin? They usually do not go as far as making Bitcoin legal tender (yet) but recognizing digital payments and including them into the legal framework.

Cuba

In late August, Cuba passed a law that would include payments in Bitcoin and other cryptocurrencies into the financial system. This law still elaborates that the only legal tender on Cuban soil is the Cuban peso.
Unlike El Salvador, Cuba has a national currency, which incidentally is much weaker than the US dollar. If we were to understand hyperbitcoinization puristically, it can already be happening, not in El Salvador but in Cuba instead.

Panama

In Panama, congressman Gabriel Silva submitted a bill to regulate cryptocurrency payments, similarly to Cuba. There is no enforced currency in Panama, and the most commonly used one is the US dollar.
Therefore, in the purest sense of the word, Panama may be a more fertile soil for hyperbitcoinization than El Salvador. The use of all currencies there is regulated by common practices, and the shift towards Bitcoin that Krawisz envisioned can happen more naturally.

Ukraine

Most recently, it became known that the law regulating cryptocurrencies in Ukraine that was drafted back in 2020, got passed. Ukraine joined the ranks of countries legally recognizing payments in cryptocurrencies on Sep 8, 2021.
Yet again, it did not recognize Bitcoin as legal tender nor introduced a requirement for businesses to accept digital currencies. But it definitely was a step in the right direction for crypto businesses to operate safely and in a regulated manner.

Conclusion

What is hyperbitcoinization and is it already happening? We leave the answer up to you but hopefully the article provided you with enough proof. Obviously, it cannot happen in a day, but Bitcoin Day in El Salvador seems to already be inspiring more nations. However, the more widespread Bitcoin gets, the more it and monetary systems get tested against each other.
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