Author: changehero
March 18, 2022

The Graph intends to provide a solution for decentralizing indexing databases and querying blockchain data. What is The Graph doing to achieve this and why does it need a utility token — explained in this guide.

What is The Graph (GRT)? A Beginner’s Guide

Web3, or Web 3.0, is a vision of a decentralized global Web but many projects that build on this premise still utilize centralized services. The Graph intends to provide a solution for decentralizing indexing databases and querying blockchain data. What is The Graph doing to achieve this and why does it need a utility token — explained in this guide.

Key Takeaways

  • The Graph is an answer to the problem of centralized data indexing. They propose a solution called subgraphs, open source programming interfaces for blockchain data;
  • To maintain consensus and ensure protocol participants behave fairly, The Graph uses a native token GRT;
  • The Graph protocol’s mainnet was launched in late 2020. Popular applications that built a subgraph include Uniswap and Audius.

What is The Graph?

Most applications on the Web do not exist in a vacuum and use data, interfaces and features from other sources, sites and apps. Same goes for the Web3, but in addition to the blockchain interoperability problem there is also pervasiveness of centralized services, legacy of the Web2.0.

Indexing protocol The Graph offers an answer to both of these problems: instead of having to set up a centralized server or database, its users can plug into open APIs called subgraphs to query data.

Subgraphs

The Graph’s solution, called subgraphs, is an open API in The Graph ecosystem that can automatically perform processes like a normal API. For instance, a Uniswap subgraph can be used to query trade volumes and is integratable in applications, such as wallets.

How Does It Work?

The Graph is powered by an open data layer on Ethereum. To extract and read the blockchain data, subgraphs abstract interacting with Ethereum’s JSON-RPC API.

Pulling data from the blockchain directly and not from an in-house indexing database significantly increases the application loading speed and eliminates a single point of failure.

All subgraphs are open-source and written in GraphQL, a common language for Web2.0 apps. It makes the subgraphs open, accessible and easy to work with.

Roles

There are four major roles in The Graph network:

  • Indexers who operate The Graph node, query processing and indexing data. They are node operators who stake GRT tokens to maintain the network consensus;
  • Curators maintain and assess the reliability of sources that indexers use, for a portion of query fees in GRT;
  • Delegators that provide indexers with their share for running full The Graph node in return for a cut from the rewards;
  • Consumers, end users and devs who utilize the services of Indexers, Curators and Delegators.

History and Team behind The Graph

Like many Web3 projects, The Graph was established by an experienced team which has experience from the Ethereum Foundation, Decentraland, Orchid and other platforms.

The Graph was founded by a team of three, Yaniv Tal, Brandon Ramirez and Jannis Pohlmann.
Tal and Ramirez studied electrical engineering at USC and worked together at MuleSoft, an API developer tools company that underwent an IPO and was sold to SalesForce.

The Graph was first unveiled to the public in June 2018. To fund The Graph’s mainnet launch in December 2020, a private and public token sale was held in June and October 2020.

What is The Graph crypto, GRT?

To provide a monetary incentive to maintainers of The Graph, the protocol has its own cryptocurrency token, GRT. For the layer on Ethereum, GRT is an Ethereum token of ERC20 standard.

Protocol participants — indexers, curators and delegators — lock up GRT in the protocol. Indexers receive a cut from the fees for queries they help process, and curators earn from referring traffic to a subgraph of their choice.

Delegators and consumers also make use of GRT by paying indexers for their metered usage.
At launch, the total GRT supply was 10 billion tokens, and a 3% inflation started with the indexing rewards. The current liquid supply is 6.7 billion.

GRT was sold to venture capitals and other backers in 2020 for $0.03. The seed rounds were led by Multicoin Capital, Digital Currency Group and Coinbase Ventures.

At the moment of writing, the GRT token is worth $0.1006 and ranks 60th by market capitalization on CoinMarketCap.

How to use GRT?

GRT is a utility token on The Graph platform. It is mostly necessary for maintaining consensus and ensuring all protocol participants behave fairly. Active Indexers, Curators, and Delegators can earn income from the network proportional to the amount of work they perform and their GRT stake. Node operators (Indexers) stake GRT to participate in the network and earn fees as well as inflation rewards for serving queries.

Comparison with Similar Projects

The Graph intends to take the same niche in Web3 that is occupied in Web2 by Amazon Redshift. What is The Graph’s competition in Web3 currently?

For on-chain data, devs tend to use Dune Analytics, Glassnode and Nansen. Unlike these services, The Graph is decentralized and provides better uptime.

The Graph subgraphs do the same for blockchain data as Chainlink oracles do for the real-world data. The Graph takes on-chain data and distributes it to on-chain and off-chain claimants.

What is The Graph Criticized For?

Despite the claims, at the time The Graph is not exactly safe from halts and network problems. In September 2020, the Uniswap subgraph became stuck because of an issue with a hosted service. The subgraph was not responding for several hours until the node client hotfix was ready and deployed by third-party developers and users. By now, there is a more robust network of indexers to eliminate such points of failure.

Developers also report problems with migration of subgraphs. After all, there are still many things to work out before The Graph works consistently. Other users wish the communication from The Graph team was clearer. In addition to developers building with The Graph, there are a plethora of non-savvy users who bought in because they believe in the project’s potential.

Partnerships and Future Plans

The Graph’s adoption largely depends on who builds with the substack. Subgraphs are open to everyone, so the range of applications that can use them is unlimited. Ethereum subgraphs exist for Audius, Uniswap, Ethereum Name Service, Synthetix and others.

There are also a number of VCs backing The Graph. In addition to DCG, Coinbase Ventures and Multicoin Capital, they also include Tally Capital, CoinFund (US) and DT Capital Partners (China).

For a project so strongly oriented into the future, it is surprising that it doesn’t have an official roadmap. The best way to learn about the upcoming features would be to attend monthly dev meetings, one can also follow the community forums.

The Graph on Social Media

Network growth and activity has a positive effect on GRT. The community is excited to see The Graph popular with other Web3 users.
With resource allocations, it is possible to earn GRT by delegating a stake. Accounts like Graphtronauts make sure to track them.
As Web3 continues to grow, so does the relevance of The Graph’s value proposition.

How to Store GRT?

Many multi-coin wallets support The Graph, as it is an Ethereum token. The most popular picks for ERC20 tokens exclusively are MEW and MetaMask.

The Graph token (on Ethereum and Solana) is supported by a multi-currency wallet Exodus, in which you can seamlessly exchange it to other altcoins with ChangeHero. For safer storage, pick a hardware wallet, for example, Trezor Model T.

How to Exchange GRT on ChangeHero?

If you have cryptocurrency, you can easily swap it for GRT on ChangeHero. Please note that we support only ERC20 GRT.

It only takes five steps:

  1. Choose the currencies on the home page, amounts and the type of exchange. Provide your wallet address in the next step and check the amounts;
  2. Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
  3. Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
  4. And now, relax! 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 GRT are on the way to your wallet. We’ll be happy to hear your feedback if you enjoyed using ChangeHero.

Our support team is always available in chat widget on the website, official Telegram group or through the email: [email protected].

Conclusion

Web3 is only taking shape, and projects like The Graph provide an answer to Web2.0’s woes. It is early to judge whether it will be Web3’s Redshift, but they are already carving the niche.

This Beginner’s guide to The Graph is only a part of the series: find the rest in our blog! For daily updates, subscribe to ChangeHero on Twitter, Facebook, Reddit and Telegram. 

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Author: changehero
March 16, 2022

Recent news makes investors concerned about the influence governments can exert over one’s assets, and privacy coins are rallying. As the most prominent anonymous cryptocurrency, Monero was not left behind. Let’s see what Monero price prediction 2022 and beyond is in this new landscape. Monero Price Prediction 2022-2030 [table id=46 /] Monero price prediction 2022 […]

Monero Price Prediction 2022, 2025, 2030

Recent news makes investors concerned about the influence governments can exert over one’s assets, and privacy coins are rallying. As the most prominent anonymous cryptocurrency, Monero was not left behind. Let’s see what Monero price prediction 2022 and beyond is in this new landscape.

Monero Price Prediction 2022-2030

[table id=46 /]

  • Monero price prediction 2022 is uncertain to the point that the range of possibilities is as wide as from $97 to $8,433;
  • According to the forecasts, by 2025 XMR can eventually grow up to $4,421;
  • At the end of the decade, in 2030, XMR is predicted to trade for somewhere between $501 and $3,542.

What is Monero (XMR)?

Monero is a cryptocurrency protocol that by default masks information about the transaction participants and amounts. It does so using cryptographic techniques such as ring confidential transactions, which eliminate the need for the ledger to publish information openly.
Over the years hundreds of developers have contributed to the codebase, which was originally based on the CryptoNote protocol described by Nicolas von Saberhagen. To this day, Monero does not have a foundation or a corporate entity backing it, it is run purely by the community effort.
XMR is the ticker that the cryptocurrency uses. The coin is mineable with CPUs, and each new block rewards approximately 0.88 XMR plus transaction fees.
For more information on Monero’s origins, present and prospects, read our Beginner’s Guide to XMR.

XMR Price History

XMR Price in 2014-2018

As a community-run coin, Monero had a fair launch without a premine or presales. The market was shaping the price of XMR from the very start.
All the way back in 2014, it was traded for a price slightly above $2. By 2015, it was worth ten times less, and barely crossed the threshold of $0.5.
The first significant rally for XMR started in 2016. In September, it reached a record $12 for that time.
By 2017, it rose to $13 at the start of the year and skyrocketed to $469.2 in December. A correction followed in 2018, and by the end of the year it was down at $46.23, losing almost 90%.

XMR Price in 2019-2020

During the crypto winter of 2019, XMR did not stay suppressed and tried to break out. In mid-2019, it even rallied to $117.
2020 started at a slightly lower point than 2019, $45.5, and XMR’s breakout was halted by a March crash. However, later in 2020 it entered an ascending channel and joined the bull run.
By the end of 2020, XMR was worth $156.57 but it was far from the end of the rally.

XMR Price in 2021-2022

In 2021, the rally continued and culminated in May, when XMR reached its ATH $517.62 on May, 07. The following correction was sharp, and bulls did not return to XMR for the second leg up.
In 2022 so far, XMR is on the downside, having started at $234 and going down since. At the moment of writing, the XMR price is $185.34 and it ranks 37th by market capitalization on CoinMarketCap.

What Influences the Price of Monero?

Adoption

Monero has a reputation that comes with its privacy coin status, and is used accordingly. It is both touted as an answer to total surveillance and scorned as a cryptocurrency that enables illicit use.
Among the things that caused users to show more attention to Monero are Biden’s executive order to regulate crypto assets, Canadian vaccine mandate protests and sanctions on Russia placed after its invasion of Ukraine.
All these events are characterized by the anxiety over governments being able to freeze and seize assets of individuals. Some traders went to secure their holdings in untraceable Monero.

Protocol Updates

Generally speaking, protocol updates have a positive impact on the price of an asset. Improving usability and stability can extend the impact beyond the moment of announcement and anticipation.
However, in Monero’s case, the protocol has not had significant upgrades in a while. The latest feature that was close to generating interest is atomic swaps, and its XMR-to-BTC specification was released in August 2021.
On the one hand, it is reasonable that the community does not use constant announcements just to generate hype and focuses on building the project. On the other hand, it is hard for a decentralized team to consistently ship upgrades and maintain developer consensus, hence the slow growth.
In 2022, the features in the pipeline are Triptych, RingCTs for applications, return addresses and second layer solutions.

Listings and Delistings

As far as trading goes, having diverse markets and arbitrage opportunities usually has a positive impact on price movements. In the case with privacy coins, it is slightly more complicated.
Centralized exchanges are not very likely to list privacy coins due to regulatory concerns. Those that had Monero trading pairs, even had to remove them.
However, the rise of popularity of decentralized exchanges allowed for more markets for Monero. Despite the fact that most of DeFi uses wrapped Monero, which does not have the privacy features of the original protocol, the price of XMR is still affected by trading there.

Monero on Twitter


Monero advocate John Foss stated a reason to be bullish on XMR: the network activity is continuously increasing. It means more adoption with users, which bolsters the value of XMR.


Trader Kawaii Crypto points at a possible breakout in the XMR/BTC pair. It means that XMR will outperform Bitcoin in the short term at the very least.


The Monero Club highlighted the importance of XMR in the world that has CBDCs. If other cryptocurrencies are pseudonymous and do not necessarily give away the identity of owners, CBDCs will be even more easily linkable to individuals.

Monero Price Prediction 2022

Analysis by CryptoNewsZ paints a bullish prospect for Monero’s price. They believe that the bullish impulse on the market is not yet exhausted, and in the best circumstances it can reach $282.
Prediction service Previsioni Bitcoin is even more optimistic. They see XMR at $452.10 in a month already, but by the end of the year its price will slightly decrease to $319.13.

YouTuber Lewis Jackson charts levels to look out for in Monero for this bull run. It is worth mentioning that his method of using linear Fibonacci retracement on a logarithmic scale is unconventional at best.
With that in mind, by combining technical and historical analysis, he sees a potential picture for Monero in 2022. The market bottom can land anywhere between $97-133, and his targets are at Fibonacci top level between $1,700-2,000. He can see Monero turning this into support and reaching a new ATH at $8,433.

Monero Price Predictions for 2023 and 2024

Prediction service by the TradingBeasts website forecasts some volatility for XMR in 2023. In mid-year, it will be trading lower with the predicted minimum of $109.302 but grow until the end of the year up to $221.892.
Even less bullish prospects for Monero in 2024 are seen in the prediction by Long Forecast. March 2024 will see XMR for $304 a piece, but by December its price will go down to $140.

Monero Price Prediction 2025

Prediction service Crypto-Rating claims that by 2025, Monero will secure wider acceptance by the public that wishes to keep their privacy. Their estimates place the target for 2025 at $4,421 per XMR.
Another service, PricePrediction.net keeps it modest. Their projected range for Monero in 2025 is between $708 and $866.10.
Similar XMR forecast is provided by TechNewsLeader: Monero will be traded in the range between $737.13 and 763.84.

Monero Price Prediction 2030

With the available data, it is still not reliable to project for the end of the decade. Many of the influencing factors may not even exist yet.
Today’s estimates for so far into the future can only be viewed as guesses. Captain Altcoin places the target for XMR in 2030 at $3,542.68, and Coin Price Forecast — at $501-526.

ChangeHero XMR Price Prediction

Today’s political climate seems to be a fertile ground for privacy coins. At the same time, very limited access to markets can stunt the growth even in these circumstances.
Monero has the potential to approach and exceed $500 and its current ATH. The only question is when, and it does not seem that this market cycle will take it there.

How to get XMR on ChangeHero?

If you already have crypto, you can use it to buy XMR on ChangeHero, it’s very easy:

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

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

Conclusion

Rising inflation, governments freezing assets and limiting access, upcoming regulations all favorably affect the reputation of privacy coins. Monero, being the oldest and most reliable one, faces competition but ultimately is the safest pick.
What do you think about our Monero price prediction? Let us know in the comments in our blog or in our social media: Twitter, Facebook, Reddit and in Telegram.

FAQ

[sc_fs_multi_faq headline-0=”h4″ question-0=”What is Monero and XMR?” answer-0=”Monero (XMR) is a peer-to-peer cryptocurrency protocol, characterized by its obfuscation of user addresses and amounts transferred, enabled by default.” image-0=”” headline-1=”h4″ question-1=”Is Monero a good investment 2022?” answer-1=”Recent news suggests that Monero is a popular asset, especially for the long term. Most of the experts have high confidence in XMR but following XMR news might be a good idea.” image-1=”” headline-2=”h4″ question-2=”What will Monero be worth in 2022?” answer-2=”According to different analysts, in 2022 the XMR price can renew an ATH at $8,433 or see a correction to $97.” image-2=”” headline-3=”h4″ question-3=”What will Monero be worth by 2025?” answer-3=”Depending on the source, XMR is expected to be in the range between $708 and $4,421 in 2025.” image-3=”” headline-4=”h4″ question-4=”What will Monero be worth in 2030?” answer-4=”By 2030, XMR is estimated to be worth between $501 and $3,542.68.” image-4=”” headline-5=”h4″ question-5=”Will Monero reach $1,000?” answer-5=”The most bullish predictions see XMR reaching $1,000 and going beyond it as soon as in 2022. Others push this milestone farther into the future to 2025.” image-5=”” count=”6″ html=”true” css_class=””]


Disclaimer

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

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Author: changehero
March 10, 2022

The synergy between UST and LUNA helped the latter to break out to $104 just a day ago. How did that happen, and what is Terra price prediction 2022 — in our new article. Terra Price Prediction 2022-2030 [table id=45 /] Terra price prediction 2022 is by the large bullish: experts expect that the rally […]

Terra Price Prediction 2022, 2025 and 2030

The synergy between UST and LUNA helped the latter to break out to $104 just a day ago. How did that happen, and what is Terra price prediction 2022 — in our new article.

Terra Price Prediction 2022-2030

[table id=45 /]

  • Terra price prediction 2022 is by the large bullish: experts expect that the rally will extend to $125 and even $200;
  • Estimates at which LUNA will be traded in 2025 are placed between $105 and 494;
  • Analysts that believe LUNA will be around in 2030 say it will be worth anywhere from $298.76 to $1,200.

What is LUNA?

Terra is a blockchain platform for quick and borderless payments, the main feature of which is algorithmic stablecoins pegged to different fiat currencies. Unlike fiat-backed stablecoins such as Tether and USD Coin, the price of Terra’s stablecoins is kept stable by an automated market maker which lets Luna and Terra’s stablecoins be traded in both directions.
The Terra platform’s native currency LUNA is instrumental in keeping the peg of stablecoins. It is used for buying and selling these stablecoins at a discount or a premium when the demand is high or low respectively.
Other than that, LUNA represents the voting power validators hold and can be staked or delegated for a source of passive income. Locked LUNA cannot be freely traded, and there is a vesting period of 21 days.
You can read more about the Terra protocol, stablecoins and the LUNA token in our Beginner’s Guide to Terra and LUNA.

LUNA Price History

LUNA Price in 2019-2020

Terraform Labs held three rounds of presale in May through October 2018 with a vesting period of 3 months to one year. By mid-2019, the tokens that were sold in the presale rounds for $0.1 to $0.8 arrived at the market.
Despite opening at $1.3, LUNA closed 2019 at $0.26. In 2020, trading volumes significantly increased but the price did not exceed $0.6 until closing at $0.65.

LUNA Price in 2021-2022

2021 has started a rally that led LUNA to multiply its price. By March, it was taken with a market-wide bull run up to $21.98 and by May it was back down at $4.10.
The second wave of the bull run massively improved the gains of LUNA holders further. In December 2021, it almost reached $100 and closed at $85.47.
On Mar 9, 2022LUNA defied all expectations and renewed its ATH: $104.58. Its current price is $93.90 and it ranks 7th by market capitalization on CoinMarketCap.

What Influences the Price of Terra Crypto?

Adoption

The Terra platform was designed to give opportunities to use stablecoins to a wide array of users. The more it onboards, the higher the demand for Terra’s stablecoins is, and the faster the algorithm providing price stability works.
One of the largest partners of Terra is CHAI, an e-commerce platform that led 1.3 million users to the ecosystem.

Token Economics

The relationship between UST and LUNA supply dynamics is what helped propel LUNA to its new high above $100. Anchor Protocol integrated Terra’s stablecoins and offered a 20% annual percentage yield. 
The demand was so high that the supply of UST increased dramatically, offering arbitrage opportunities for LUNA holders. Moreover, Luna Foundation Guard had to burn 4.2 million LUNA available in their treasury to balance out the curve.

DeFi and Staking

The integration and the subsequent rise in demand created a positive feedback for LUNA’s price. It became the second largest protocol in DeFi by total value locked and the most staked asset.
Large protocols that rank at the top of these ratings have a higher chance to attract new users that look for reliable ways to earn with DeFi.

LUNA on Twitter


Crypto and Web3 enthusiast Sheldon is bullish on LUNA, naming it one of the most innovative protocols out there. It’s hard to believe now how it can go back to $10!


Another influencer, IAN, explained in a thread why exactly LUNA is worth it and shared some resources.


How about a different perspective? User 0xAndrewRyan gives some counter-arguments for consideration.

Terra Price prediction 2022

In their Terra crypto price prediction 2022, Tech News Leader expects the LUNA price to peak at $151.47 by the end of the year. The price is expected to stay in the range between this peak and the resistance at $125.89.

YouTube channel Crypto Banter analyzed a thread with LUNA predictions based on UST adoption on a livestream. By the end of 2022, the analyst claims, if UST maintains a $3 billion market cap, LUNA, based on the supply dynamics, will be worth $203.
LUNA price prediction 2022 based on technical analysis by CoinQuora is even more bullish. The momentum behind the price action can take LUNA to the resistance of $126.38 and even to a psychological resistance at $150.

Terra (LUNA) Price prediction for 2023 and 2024

According to a prediction service Gov Capital, in 2023 the opening price of LUNA will reach $205.72. The average expected closing price in this Terra price prediction 2023 is $301.68.
Another prediction service, PricePrediction.net, claims that in 2024 the average price will be around $297.39. The average is calculated by taking into account the maximum price of $336.68 and minimal $289.36.

Terra (LUNA) Price prediction 2025

Long-term trend analysis by CryptoNewsZ gives a bullish outlook but sees LUNA reach only $105 by the middle of the decade. Possible reasons for Terra rallying could be market cycles and wider adoption.
Terra is evaluated positively by the WalletInvestor service. In their LUNA price prediction for 2025, by then, it can be trading in the range between $279 and $494.
More concrete estimates are provided by Digital Coin. They see LUNA appreciating by 80-148% from now and fluctuating between $172 and $237 on average.

Terra (LUNA) Price prediction 2030

Long term predictions are tricky, since there are always plenty of forces in action forming the price of an asset, some of which may not even exist yet. 
But if things go well for Terra, LUNA can be worth up to $1,200, Crypto Academy says. Crypto and Fire puts the target even higher, between $298.76 and $594.54.

ChangeHero LUNA price prediction

Terra’s approach to algorithmic stablecoins is proving to be a huge success. If Terraform Labs keeps up with the adoption efforts and more attractive use cases emerge for the stablecoins, LUNA is bound to succeed.
In the short term, it is reasonable to expect a correction but in the longer term, LUNA’s price can go well beyond $100.

How to get LUNA on ChangeHero?

Getting LUNA with crypto without sign-ups is possible on ChangeHero, and it’s very easy:

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

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

Conclusion

Terra’s story in the past couple of years is a booming success. It is showing that not only algorithmic stablecoins can be usable but also that a solid use case can give a native token, such as LUNA, massive value.
What do you think about these predictions? Let us know in the comments in our blog or in our social media: Twitter, Facebook, Reddit and in Telegram.

FAQ

[sc_fs_multi_faq headline-0=”h4″ question-0=”What is Terra and LUNA?” answer-0=”Terra is a protocol for creation and management of algorithmic stablecoins such as Terra USD (UST). The peg is maintained through burning and minting LUNA and trading them with the stablecoins.” image-0=”” headline-1=”h4″ question-1=”What will LUNA be worth in 2022?” answer-1=”Various sources give different LUNA price predictions 2022 ranging from $125.89 to $203.” image-1=”” headline-2=”h4″ question-2=”What will LUNA be worth by 2025?” answer-2=”Experts name targets in the range between $105 and $494 for LUNA in 2025.” image-2=”” headline-3=”h4″ question-3=”What will LUNA be worth in 2030?” answer-3=”By 2030, Terra can grow to $594.54 and even $1,200, analysts claim.” image-3=”” headline-4=”h4″ question-4=”Where to buy Terra (LUNA)?” answer-4=”You can buy Terra with crypto without any hassles or sign-ups on ChangeHero in three easy steps: pick a crypto pair, provide an amount. Choose between the Best or Fixed rate, proceed. Provide your LUNA wallet address and other details, read and accept Terms of Use and Privacy Policy. Make a single payment to the address ChangeHero will generate for the transaction. Wait a bit and the LUNA are in your wallet!” image-4=”” headline-5=”h4″ question-5=”Can Terra reach $1000?” answer-5=”Even optimistic predictions claim LUNA can reach and exceed $1,000 some time after 2025.” image-5=”” count=”6″ html=”true” css_class=””]


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Author: changehero
March 5, 2022

If you thought the news last week was big, wait until you read our weekly crypto news digest of this week’s events. Lugano (Switzerland) makes Bitcoin, Tether and their own token legal tender (but not really), Ethereum miner revenues flipped Bitcoin, crypto execs turn down blanket ban on Russians. Continue to learn more about these […]

Cryptocurrency news digest

If you thought the news last week was big, wait until you read our weekly crypto news digest of this week’s events. Lugano (Switzerland) makes Bitcoin, Tether and their own token legal tender (but not really), Ethereum miner revenues flipped Bitcoin, crypto execs turn down blanket ban on Russians. Continue to learn more about these events and other crucial news!

Key Takeaways

  • Bitcoin and most cryptocurrencies this week were thrust up and down by the global economy and sanctions hitting Russia. Despite a jump up to $44 thousand, BTC is back to where it started at ~$39k;
  • The Russian invasion is still affecting crypto, causing unprecedented donation effort and hearing calls to join the sanctions;
  • Swiss city of Lugano announced a collaboration with Tether claiming they made USDT, BTC and their own token LGVA legal tender. Venezuela pegged the minimum wage to Petro in an effort to raise it to a liveable level.

Crypto News Digest: February 26-March 5

Bitcoin This Week

  • The geopolitical situation in the world is unstable, and so is Bitcoin price this week. On February 28, after the news from Ukraine’s frontlines and Russian ruble hitting a record low, BTC flew up by 15% over $44k.
  • The influx is now correcting to a previous level at $39K, and fears whether will Bitcoin dip again are back at the market.

Latest Bitcoin News

  • According to the data compiled by The Block Research, Bitcoin miners accrued $1.06 billion of revenue in February. The revenues are back at a 2020 level.

Altcoin News

  • Meanwhile, Ethereum miners earned $1.19 billion in the same time frame. Like in Bitcoin, most of the rewards came from block subsidy and a small portion of it came from transaction fees.
  • Dune Analytics shared an interesting tidbit of data about Ethereum news and donations to Ukraine’s government. An influx of donations coincided with the official account mentioning an airdrop, which ultimately was replaced with NFT plans.
  • The Circle consortium, USDC issuers, have delayed their DeFi product citing regulations. The affected services are the enterprise API for access to Compound and the Circle Yield product.

Business Сryptocurrency News

  • CME Group, world’s largest futures and options trading platform, will offer Bitcoin and Ethereum micro options on March 28. Micro options apply one-tenth multiplier to the underlying asset, providing a way to trade with smaller risk and entry price.
  • Japanese e-commerce platform Rakuten launched their own NFT marketplace. In addition to digital collectibles for sports, music and anime, they will be offering minting services for intellectual property rights.

Cryptocurrency News on Adoption

  • Venezuelan president Nicolas Maduro announced that the minimum wage in the country will be increased with the help of a national cryptocurrency Petro. The wage will be pegged to the value of Petro, which is now officially $60 but in reality, market data on trading volume and its value varies wildly.
  • The Swiss city of Lugano made Bitcoin, Tether and LVGA “de facto legal tender” in their jurisdiction. Citizens will be able to pay for taxes and municipal services in these cryptocurrencies, though these payments will be converted into fiat currencies.

Regulation & Politics Cryptocurrency News

  • The European Union revised the Markets in Crypto-Assets law to exclude the language that would imply ban on proof-of-work and other “environmentally unsustainable” protocols.
  • Binance and Kraken turned down the requests to freeze accounts of Russian citizens. Jesse Powell, Kraken’s CEO argued that most of the users have no ties to pro-war officials and hold no such views, and Binance officials cited freedom of operations in crypto.

Social Media Digest

Video of the Week

Benjamin Cowen recorded a new video with a timeless message: manage your risks. He reviews the current situation with Bitcoin and provides practical information.

Cryptocurrency News from Twitter


As more and more businesses exit Russia and introduce sanctions, concerns that the sanctions will be circumvented with crypto are expressed. Here is a thread why the probability of it is low.


Centralization and censorship are not exclusive to Web 2.0, unfortunately. Iranian users were banned by IP from OpenSea, following MetaMask, which drew backlash and highlighted the problems with the current state of Web3.


Another controversy happened after a highly anticipated NFT game Pixelmon, which attracted $71.4 million initial funding with NFT pre-sales. Users criticized the reveal for haphazard art, stock and stolen assets and for the anonymity of the founder.

Influencer of the Week


In the spirit of the upcoming International Women’s Day and our Women in Crypto week, we would like to highlight Maliha. She is not only an artist but also a fervent activist, uplifting female voices and rallying for the rights of women worldwide.

This Week on the Market

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

  • Total Market Cap: $1,766,639,401,619 (+1.57%);
  • BTC Dominance: 42.2%.

7d Change in Top Coins

All in all, it looks like a regular week on the markets. At the moment of writing, the weekly change of the top currencies is:

Gainers of the Week

Which is the best crypto to buy right now?

Conclusion

Despite the shocks of the last week, cryptocurrency news of this one was mostly bullish. Crypto is gaining massive acceptance on an official level, and diligently working out the current drawbacks.
Tune in for our next digest in our blog. Follow ChangeHero on Twitter, Facebook, Reddit and Telegram for live crypto news and more content.


Quick links:

Author: changehero
March 4, 2022

“Digital Gold” and “Safe Haven” are the terms Bitcoin maximalists often use to promote it. Gold bugs believe that gold is the best inflation hedge. A war broke out between Russia and Ukraine in late February, and it sure did impact the economy of both these countries. Who is winning the Bitcoin vs gold debate […]

Safe Haven During War: Bitcoin vs Gold

“Digital Gold” and “Safe Haven” are the terms Bitcoin maximalists often use to promote it. Gold bugs believe that gold is the best inflation hedge. A war broke out between Russia and Ukraine in late February, and it sure did impact the economy of both these countries. Who is winning the Bitcoin vs gold debate now? We tried to answer this question.

Ideal Money

Both Bitcoin and Gold are, in a way, competing to be the ideal money and a safe haven.
For any currency to be ideal money, it should have the following characteristics:

  • Fungibility
  • Durability
  • Divisibility
  • Portability
  • Cognizability
  • Scarcity

Gold has most of the properties of ideal money. It is one of the oldest forms of currency used by civilizations. However, it lacks portability.
On the other hand, Bitcoin checks all the boxes, though fungibility is a debated topic in the community. But, Bitcoin falls behind in terms of cognizability as the digital currency is not as widely adopted as gold.
Gold is a precious metal that is mined and processed. Yearly 2,500-3,000 tonnes of gold is mined, and the industry is regulated.
Bitcoin has a fixed supply of 21 million BTC, and new coins enter the market through mining, a process for recording and validating transactions. On average, 900 new Bitcoins enter the market per day at the current block reward of 6.25 BTC per block. The supply of Bitcoin is predictable and embedded in the protocol.
Gold used to be the backbone of the economy until the 1970s when the governments unchained it from the currency and introduced a fiat system. The search for the new ideal money continues to this day.

Bitcoin vs Gold During War

Bitcoin vs Gold in the last three years
Source: Longtermtrends

Bitcoin has been outperforming gold in terms of price in the last few years. The bull run in the last two years not only brought in institutional investors but recognition as a legal tender in El Salvador.
Compared to Bitcoin, Gold traded sideways the whole time. This isn’t necessarily bad and shows the stability of gold as a safe haven.
It’s a great time to be a Bitcoiner. However, it is at the time of the economic instability and conflict that puts the “digital gold” and “safe haven” status to test.
The time has come.

Gold vs BTC vs Global indexes
Source: Arcane Research

On Feb 21, Vladimir Putin recognised the two breakaway regions Donetsk and Luhansk as independent. The news sent shockwaves to the stock markets and crypto too. At the time, Bitcoin was trading above $37,500, and Gold was at $1895.
Three days later, Russia started a “special military operation” and began striking major cities in Ukraine.
As a surprise to the Bitcoiners, the price plummeted by over 8.5% to $34,337 the same day. Gold stood strong. The price rose by over 4% and almost touched a two year high which can be seen in the graph.
Some thought it was the end of Bitcoin’s “digital gold” narrative, but the story took a turn in the next few days.

Bitcoin vs Gold
Source: Longtermtrends

Bitcoin saw a sharp increase on Feb 28, and the price crossed $40,000. Gold went on a slight downward trend during the same period, which can be seen in the graph above.
The price of Bitcoin continued to grow and almost reached $45,077. Some credit the rise to the expectations that demand will increase in Russia to circumvent the sanctions.

Bitcoin vs Gold: Who Won?

The Bitcoin community does believe that Bitcoin is the winner, and gold bugs argue that volatility is a big issue and the use cases are very limited.
Gold has several industrial applications and not many when it comes to Bitcoin. But Bitcoin does what it’s best at, censorship-resistant payments.
At the time of war, gold reserves may help the governments, but Bitcoin sides by the people on the ground. Donations are flooding in Bitcoin but not in gold. When the fiat is sinking during the conflict, Bitcoin can be an alternative.
It’s still too early to answer this question.
Gold bugs and bitcoiners have common traits. They believe in an ideal form of money, a store of wealth, and want the governments to stay away from their wealth. Bitcoin is in the early stages, similar to the internet in the 90s.
There will be many more tests ahead for Bitcoin to prove whether it’s a safe haven or only a medium for peer-to-peer transactions. Till then, the debate for the ideal money, digital gold and everything else will go on.
If you’ve read the article till the end, we are sure you enjoyed it. We publish articles on crypto and blockchain on our blog regularly. Follow ChangeHero on Twitter, Telegram, Reddit and Facebook to be the first to get notified.

Author: changehero
March 2, 2022

The Quant token is showing some promising results, what is up with that? More about what it is and what it does, as well as Quant price prediction for 2022 in our article. Quant Price Prediction for 2022-2030 [table id=44 /] Quant price prediction for 2022 varies wildly: from a moderately optimistic scenario with QNT […]

Quant Price Prediction for 2022, 2025 and 2030

The Quant token is showing some promising results, what is up with that? More about what it is and what it does, as well as Quant price prediction for 2022 in our article.

Quant Price Prediction for 2022-2030

[table id=44 /]

  • Quant price prediction for 2022 varies wildly: from a moderately optimistic scenario with QNT at $166.89 to a bullish goal of $1,600 this year;
  • Estimates at which QNT will be traded in 2025 are also very far apart. Some experts see QNT rising only to $224 and others give nice targets at $900;
  • Analysts that believe QNT will be around in 2030 say it will be worth anywhere from $4,700 to $8,900.

What is Quant and QNT?

Quant Network is an enterprise solution project that focuses on blockchain interoperability. Their flagship product Overledger works as a plug-and-play API or operating system.
Overledger gateway can connect different distributed ledger systems (blockchains, DAGs and other types) without deploying architecture or compromising security or usability. It also supports multi-DLT smart contracts and, therefore, assets that are represented by multi-ledger tokens.
To use Overledger’s gateways, developers and enterprises need to purchase licenses with QNT utility tokens. In exchange for the license fee, they receive a cut of the transaction fees going through their setup.

QNT Price History

Quant Price in 2018-2019

Quant launched after an ICO in May 2018 that raised $11 million out of the goal of $36,900,000. The tokens that did get distributed after the sale went off for $1.51 in current prices.
Once QNT started being traded openly on the market, it took until September 2018 to reach its ICO price for the first time. Presale participants started seeing a consistent return on investment in 2019.
By July 2019, in tune with the bull market, QNT went on a first bull run. In the given time period, its maximum of $14.29 was reached on August 7, 2019.
2019 closed and 2020 started with QNT at $3.5.

Quant Price in 2020-2022

In 2020, at its highest, QNT price beat the previous record and reached $16.29. At the lowest point in March 2020, after the market crash, it was worth only $1.51.
2021 saw QNT rise above the previous heights and continuously rise all the way to its current ATH: $428.38 (September 11, 2021). Since the pump was very sharp, the price shed off the gains in mere months.
At the time of writing, QNT is worth $106.32 and ranks 66th in CoinMarketCap’s rating.

What Influences the Price of QNT?

Platform Development

In early February, QNT jumped up 10% on the news that the platform is researching interoperability and support of central bank digital currencies (CBDC).
More recently, version 2.2.0 of Overledger went live. It was not a major release but it contained improvements to data consistency and performance.

Token Economics

The QNT token model implies that it has a defined purpose in the network and is targeted toward enterprise use. As a consequence, QNT has a high degree of “whale” concentration.
This is a double-edged sword for QNT holders since it means large holders have a lot of sway in the token’s price. It is both showing a degree of trust from companies using Overledger and more risks in case the price changes sharply.

Partnerships

News of new collaborations can significantly boost the sentiment around any coin. Quant Network is already working with Hyperledger, LACChain, SIA (Italy) and Amazon Web Services.

QNT on Twitter


QNT enthusiast Crypto Eugene makes a case for the growth of the Quant team. In 2021, their team grew by 43% and welcomed new engineers, human resources and outreach specialists.


How does LACChain and Overledger’s synergy work? User Lord Quantonian Cheqtoria Longhold shared some infographics to explain.


Trader Cryptoz is confident in the near future of QNT: first stop — $200, then to the top.

Quant Price Prediction for 2022

In their Quant price prediction for 2022, Tech News Leader expects QNT price to peak at $185.09. By the year’s end, it can correct to $166.89.

YouTuber Ryan Matta thinks it is realistic for QNT to multiply by 10x and reach a market cap of $20 billion. With the current circulating supply, it would mean a single QNT can reach $1,600.
QNT price prediction 2022 based on technical analysis by CoinQuora is more moderate but still pretty bullish. The momentum behind the price action can take QNT to the resistance of $432 and above to $500.

QNT Price Prediction 2023 and 2024

According to a prediction service PricePrediction.net, in 2023 the average price of QNT will reach $234.80. The average in this Quant price prediction 2023 is based on the minimum of $226.95 and maximum price of $271.83.
Another prediction service, Gov Capital, claims that in 2024 the opening price will be around $463.579. At the end of the year, it will grow to be $719.229.

Quant Price Prediction for 2025

Long-term trend analysis by CryptoNewsZ sees QNT reach $445 by the middle of the decade. One of the possible reasons for this rally could be improvements to Overledger and wider adoption.
Quant is evaluated positively by the WalletInvestor service. In their QNT price prediction for 2025, by then, it can be trading in the range between $490 and $900.
Some more concrete estimates are provided by Digital Coin. They see QNT appreciating by 90-130% from now and fluctuating between $224 and $284 on average.

Quant Price Prediction for 2030

Long term predictions are tricky, since there are always plenty of forces in action forming the price of an asset, some of which may not even exist yet. 
But if things go well for Quant, QNT can be worth up to $4,700, Crypto Academy says. Crypto and Fire puts the target even higher, between $7,700 and $8,900.

ChangeHero QNT Price Prediction

Even though QNT is a utility token of Quant, its use is very limited so at the end of the day, it is all up to the adoption of Overledger.
The more companies use their API, the more value there will be in the QNT token. If Quant keeps things up, QNT can outperform the market yet again and reach a new high.

How to get QNT on ChangeHero?

Getting QNT with crypto without sign-ups is possible on ChangeHero, and it’s very easy:

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

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

Conclusion

Quant can be an interesting asset to add in a portfolio for its history of outperformance. As a cryptocurrency, though, it is very limited in use and largely relies on the developers.
What do you think about these predictions? Let us know in the comments in our blog or in our social media: Twitter, Facebook, Reddit and in Telegram.

FAQ

[sc_fs_multi_faq headline-0=”h4″ question-0=”What is Quant and QNT?” answer-0=”Quant is a company that developed Overledger operating system and blockchain interoperability API. Its utility token QNT is needed to purchase licenses and reward gateway operators.” image-0=”” headline-1=”h4″ question-1=”What will QNT be worth in 2022?” answer-1=”Various sources give QNT price predictions for 2022, ranging from $166.89 to $1,600.” image-1=”” headline-2=”h4″ question-2=”What will QNT be worth by 2025?” answer-2=”Experts name targets in the range between $224 and $900 for QNT in 2025.” image-2=”” headline-3=”h4″ question-3=”What will QNT be worth in 2030?” answer-3=”By 2030, Quant can grow to $4,700 and even $8,900, analysts claim.” image-3=”” headline-4=”h4″ question-4=”Is QNT a good investment 2022?” answer-4=”Quant token is a volatile asset even by crypto market standards. It has been stuck in a downtrend for the past 6 months but some analysts believe in 2022 it can break out.” image-4=”” headline-5=”h4″ question-5=”Can a Quant reach $1,000?” answer-5=”Optimistic predictions claim QNT can reach and exceed $1,000 as soon as in 2022. More realistic ones put this target for the time after 2025.” image-5=”” count=”6″ html=”true” css_class=””]

Author: changehero
February 22, 2022

When the Metaverse narrative emerged thanks to Meta, crypto developers of virtual worlds enjoyed the attention but also were pressured into making their own metaverses ready for adoption. What is Decentraland, one of the pioneering crypto Metaverses? Read all you need to know in our guide! Key Takeaways Decentraland is a three-dimensional virtual world divided […]

What is Decentraland (MANA)? A Beginner’s Guide

When the Metaverse narrative emerged thanks to Meta, crypto developers of virtual worlds enjoyed the attention but also were pressured into making their own metaverses ready for adoption. What is Decentraland, one of the pioneering crypto Metaverses? Read all you need to know in our guide!

Key Takeaways

  • Decentraland is a three-dimensional virtual world divided into districts. It is built on Ethereum, and in-game assets are represented by non-fungible tokens;
  • One of the types of these NFTs is LAND, which represent parcels of land accessible in Decentraland. Owner of a parcel can create unique experience for other users and monetize it with MANA;
  • The native cryptocurrency of Decentraland, MANA, is needed to buy virtual land and in-game assets, and represents voting power.

What is Decentraland?

First and foremost, Decentraland is a traversable 3D virtual reality platform. Its unique spin is in being built on the Ethereum blockchain and having capabilities it enables.
For one, Decentraland is, as the name suggests, decentralized because the game data is stored on multiple community-maintained servers. Furthermore, the platform has monetization capabilities possible only in the blockchain ecosystem.
The main appeal of Decentraland is in ownership of parcels of digital land. On these lots, owners are free to set up activities and environments, which can be monetized with the native tokens.
So, what is Decentraland’s price of admission, if any? While the native cryptocurrency MANA is necessary for in-game purchases, users do not need to pay to explore the many districts of Decentraland.
The lands are represented by ERC721 non-fungible LAND tokens, each lot is 6m squared and is assigned a coordinate in the Decentraland’s metaverse. The location of a lot is important, since there are districts of LANDs that give owners and creators targeted traffic.

History and Team behind Decentraland

In 2017, the Decentraland team, led by Ariel “Ari” Meilich and Esteban Ordano at the time, conducted an ICO for the MANA token, as well as select LAND pieces. The goal of $25 million was reached in little over an hour due to a small number of large investors.
The platform itself was first unveiled in a closed beta in 2019, and the public stage commenced in February 2020.
For Ari Meilich, Decentraland was only one of the ventures among the many startups founded by him. In 2020, he stepped down, handing over the reins to the community.
Ordano had a swath of relevant experience with Matic Network and BitPay, as well as blockchain infrastructure provider Zeppelin Solutions. While Meilich went on to create another game development company Big Time Studios, Ordano is still advising the Decentraland project.

What is MANA?

As briefly mentioned before, Decentraland has a native fungible cryptocurrency usable on the platform: the MANA token. While each LAND token is unique, MANA tokens are used as a form of currency on the Decentraland marketplace.
Since Decentraland is powered by Ethereum, MANA and LAND use the Ethereum token standards: ERC20 for MANA, ERC721 NFT for LANDs.
What can be bought with MANA? First of all, parcels of virtual land. The MANA used to purchase LAND is burned (i.e. removed from the supply).
Moreover, MANA can buy you avatars, names, wearables and access to content should the parcel owner charge for it.
After the founders stepped down from directing the project, Decentraland was supported by a decentralized autonomous organization (DAO). As is often the case, token ownership grants voting rights to the users and investors.
In the community vote, MANA and LAND owners can decide the auction rules and policy of this particular Metaverse.

What is Decentraland Crypto MANA Used For?

Therefore, there are a few use cases for MANA within the Decentraland metaverse:

  • It is the Decentraland’s currency. Players can customize their experience, creators can monetize their content using MANA tokens;
  • LAND auctions. Burning MANA reduces its supply, easing the inflationary pressure and increasing the value of existing tokens;
  • Governance. Owners of a stake in the Decentraland’s virtual world get to decide its future.

Comparison with Similar Projects

Perhaps the most prominent competitor to Decentraland at the moment is The Sandbox. After all, the premises of the projects are the same, and the differences between them are in the specifics.
The Sandbox Metaverse is divided into more plots of land (166,464 vs. 90,601), and it allows joint ownership. In Decentraland, parcels of land are generally individually owned with the exception of community-owned plazas.
The Sandbox is not run by a DAO (at least, yet) but by a Hong Kong-based company Bacasable. However, their users get to enjoy a better idea of where the project is headed, since there are always updates in the official channel.
Decentraland was the first to make a proof of concept and launch a public version of their virtual world. The Sandbox at the moment is in its public alpha stage, and accessible on a PC with an official client.

What is Decentraland Criticized For?

Decentraland is not just a blockchain platform, but one that offers a working product — a free-roam game — to end users. It seems that some of them voice frustrations at Decentraland as a game: they report performance issues and lack of things to do.
In the same thread, other users fairly point out that the client is in beta, and if the Metaverse is here to stay, these issues will be sorted out.
The latter challenge was pointed out by NFT Plazas all the way back in 2020, when the game went public. They argued that prohibitive costs will hinder the speed with which the metaverse will fill with content but they commended the project’s team for the effort to reward creators.

Partnerships and Future Plans

What is Decentraland’s user count? Ari Meilich claims the game has reached 300 thousand monthly active users, even though the real growth started “a couple months ago”.
Since there is no central entity to oversee and fund the development, the planning is done by the community. The closest to release features are improvements to SDK and a desktop client, but editor, localization and companion app are also in the plans.
Decentraland news is frequently name-dropping high-profile partners to their Metaverse. Samsung hosted an event for the users interested in their updates, Samsung Unpacked, in a dedicated lobby, Samsung 837X.
JP Morgan’s blockchain branch, Onyx, has also set up an Onyx Lounge in the Metajuku district. The virtual lounge was unveiled along with the report in which Onyx named the metaverse a $1 trillion market opportunity.

Decentraland in Social Media


Decentraland has turned two years old! Despite being largely under development, it has already got thousands of users that believe in the future development.


The official account announced an event in the Metaverse to celebrate the anniversary.


Meanwhile, even the mainstream media is reporting the spike in demand in virtual real estate. Just like NFTs pitch ownership of art and other assets, some people with cash to spare grab virtual land to be a landlord in the metaverse.

How to store MANA?

As an ERC20 token, MANA can be stored in most wallets that have support for Ethereum tokens. The guidelines for Decentraland recommend Metamask for its useful integrations.
The ChangeHero team can recommend the Exodus wallet if you want a software wallet with as many features as Metamask. Instant swaps are one of them, and the best rates for it are provided by ChangeHero.
For cold storage away from hackers and exploits, you can use a Trezor wallet. It can be easily managed with a desktop or browser application Trezor Suite.

How to Exchange MANA?

Getting MANA with crypto without sign-ups is possible on ChangeHero, and it’s very easy:

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

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

Conclusion

The pandemic normalized many things that previously were thought to be unfeasible, from remote work to moving every facet of our interactions to the Metaverse. Decentraland arrived on the scene just in time to be at the forefront of this nascent sphere.
Want to learn more about all things crypto? Check out our blog and follow us on social media: Twitter, Facebook, Reddit and Telegram.

Frequently Asked Questions

[sc_fs_multi_faq headline-0=”h4″ question-0=”What is Decentraland and how does it work?” answer-0=”Decentraland is a three-dimensional traversable virtual world divided into thematic districts and lobbies. Decentraland is powered by the Ethereum blockchain, so it utilizes MANA tokens as a currency and NFTs for in-game assets and plots of land.” image-0=”” headline-1=”h4″ question-1=”What can you do in Decentraland?” answer-1=”Decentraland has thematic districts, where owners of plots can place activities, games and experiences for others to enjoy. Users can also buy wearables and custom avatars in exchange for MANA.” image-1=”” headline-2=”h4″ question-2=”What is MANA?” answer-2=”MANA is a native cryptocurrency of Decentraland. In addition to buying in-game assets and parcels of land, it grants its holder voting rights on the future of the virtual world.” image-2=”” headline-3=”h4″ question-3=”What is Decentraland built on?” answer-3=”Decentraland functions are supported by the Ethereum network. The front-end of Decentraland is developed in Unreal Engine 4.” image-3=”” headline-4=”h4″ question-4=”What is the future of Decentraland?” answer-4=”The future of Decentraland is decided by the DAO. Particular issues are voted on by the holders of MANA and LAND proportional to their stake. The features coming out soon are desktop client and a better SDK.” image-4=”” count=”5″ html=”true” css_class=””]

Author: changehero
February 17, 2022

There is barely a boring day for a SHIB holder: the team and community churn out announcements one after another, and the next thing you know, the chart is vertical. What kind of SHIB price prediction for 2022 do experts and analysts give and why? Read in our new article! SHIB Price Predictions for 2022-2030 […]

SHIB price prediction for 2022, 2025, 2030

There is barely a boring day for a SHIB holder: the team and community churn out announcements one after another, and the next thing you know, the chart is vertical. What kind of SHIB price prediction for 2022 do experts and analysts give and why? Read in our new article!

SHIB Price Predictions for 2022-2030

Year Price, USD
2022 0.000015-0.1
2023 0.00008665-0.00010428
2024 0.00002945-0.0000516
2025 0.00007468-0.00014063
2030 0.000079887-0.00097547
  • SHIB price prediction for 2022 varies wildly: from a bearish scenario with SHIB at $0.000015 to an overly optimistic goal of $0.1 this year;
  • Estimates at which SHIB will be traded in 2025 are also very far apart. Some experts see SHIB rising only to $0.00007468 and others give nice targets at $0.00014063;
  • Analysts that believe SHIB will be around in 2030 say it will be worth anywhere from $0.000079987 to $0.00097547.

What is Shiba Inu (SHIB)?

shiba inu crypto token logo
Shiba Inu was largely inspired by another dog meme coin, Dogecoin. The centralization of DOGE and its stagnation caused some blockchain developers, one of which is Ryoshi, to come up with an alternative.
Shiba Inu positions itself as a community-run fully decentralized cryptocurrency. Unlike the Dogecoin community, SHIBArmy is none too shy to take part in any crypto trend, keeping the relevance high.
It appeared in 2020, when DeFi was all the rage, and built a whole ecosystem of tokens. In 2021, it launched an NFT platform, and now the community has set their sights on the metaverse.
More about Shiba Inu and the SHIB token you will be able to find in our Beginner’s Guide.

Shiba Inu Price History (2020-2022)

SHIB token price history
Source: CoinMarketCap

At first, when SHIB had just launched, it was being traded for as little as $0.000000000145. The low price was in part due to the humongous supply of 500 quadrillion SHIB.
Both the price and trading volumes remained low until the first leg of the bull run on the crypto market of 2021. In a matter of a month, SHIB’s price skyrocketed from $0.00000008 to $0.00003503, an increase of 43,687%.
After the parabolic rise, the correction was also sharp and took SHIB down to $0.00000813. This level was maintained until the second leg up in October 2021.
At first, SHIB appreciated to $0.00003077 (adding 278%), and then, to its current ATH of $0.00008845 (another 187%) on October 28, 2021.
At the time of writing, the SHIB price is $0.00003033 and it ranks 14th by market capitalization.

What Influences the SHIB Price?

Whale Holdings

Despite the rhetoric of the team, they could not stop the process of accumulation of SHIB by large holders. More than 79% of the liquid supply is stored at addresses that hold more than 0.1% of the circulating supply.
81% of the total on-chain transaction volume is transfers worth over $100,000. Large players can easily move the market with an order big enough, intentionally or not.

Adoption

Shiba Inu’s use cases are diverse on paper but have limited practicality. Nonetheless, it gained a global army of followers.
WhaleStats shared the Shiba Inu coin news that in February 2022, it hit an all-time high in token holders, exceeding 1,175,000 holders.
It should be noted that since the addresses are pseudonymous and not limited in number per person, it most likely means number of addresses, not individuals. Nevertheless, this is still a number that not every crypto project has pulled off.
The Mover crypto card recently introduced support of the Shiba Inu ecosystem tokens. It might be tricky at the moment to find a vendor in the Metaverse to use the NFT version of the card, but their debit card is accepted everywhere where Visa is supported.

Ecosystem News

Shiba Inu often jumps when the team announces a new foray or upgrade, as it often is with other assets. This is especially true for them, since they try to keep the interest in SHIB high consistently.
2021 introduced a metaverse trend, and it did not take long for the Shiba Inu team to try finding an application there. On Feb 8, 2022 they announced early development of a metaverse initiative and shared some ideas about its future outlook.
The community holds burn events to reduce the supply of SHIB and increase its scarcity. However, with all their combined efforts, they have removed 59.2 billion SHIB from circulationб or 0.01%.

SHIB on Twitter


The verified Twitter account of Shiba Inu project shared some great news for the adoption of SHIB: their largest account is followed by 2.8 million accounts.


Trader Shib Knight shares daily updates and technical analysis of the SHIB-USD chart.


Word of mouth and community members going crazy on Twitter are not the least significant factor in SHIB’s popularity, after all. As long as there are passionate creatives like Runbrandt, Shib Army will only grow.

SHIB Price Prediction for 2022

News outlet Finbold gives a bearish short-term prediction for SHIB, drawing a lower base level in the range between $0.000015 and $0.000022. Generally speaking, though, they give a bullish SHIB price prediction for 2022 and are confident it can beat its 2021’s ATH.
Coingape analyst Brian Bollinger spots bullish patterns on the daily and 4-hour chart of SHIB-USD. A confirmed trend reversal would take SHIB above $0.00004.

YouTube is full of constantly updating SHIB price predictions for 2022 and further, making exorbitant claims. The Crypto Investing channel shared a digest of an AMA with the Shiba Inu developers, according to which they will be working on making SHIB worth 0.1 this year.
For that to happen, though, the market capitalization SHIB has to reach amounts to roughly half of the global GDP in 2022 ($102.404B).

SHIB Crypto Price Prediction for 2023 and 2024

In 2023, the average price of SHIB will gain 234% and reach $0.0001042, Coin Price Forecast predicts. Provided SHIB’s price history, this is quite reasonable.
According to Long Forecast, 2024 will be a profitable year for all current SHIB holders but not one without slumps. Summer 2024 will see SHIB scrape $0.00002945 but by the end of the year, it will be up 141%, trading for $0.0000516.

SHIB Price Prediction for 2025

For such a long term, CryptoNewsZ expects SHIB to grow in price significantly with the mass adoption. By then, they forecast, Shiba Inu token will score $0.000125, which seems moderate.
Similarly a moderate forecast is given by PricePrediction.net. They put the target higher at $0.00014063.
Investing Cube author Eno Ikenna Eteng is even less confident in SHIB, largely because of its unstable price and meme coin status. He is sure that SHIB will be worth at least $0.00007468 in a bullish scenario, though.

SHIB Price Prediction for 2030

No one knows for sure if Shiba Inu will stay to see 2030. The “Meme coin” label did not stop Dogecoin from lasting eight years, but it is uncertain if the Shiba Inu team will keep their developing and promoting vigor.
In case business proceeds as usual, Cryptopolitan thinks SHIB will be traded in a range between $0.00080207 and $0.00097547. Tech News Leader gives a SHIB price prediction for 2030 of $0.00079887 on average.

ChangeHero Shiba Inu Coin Price Prediction

In our opinion, it’s safe to assume that in the near future SHIB will keep moving in the same patterns of parabolic pumps and sharp corrections.
The effort the community takes to accelerate these surges is nothing to sneeze at. However, it is curbed by large holders that can cause a selloff that will stop any rally in its tracks.
Considering that each surge of Shiba Inu was larger than before, it can beat its current ATH as soon as in 2022 or 2023.

How to get SHIB on ChangeHero?

Getting SHIB with crypto without sign-ups is possible on ChangeHero, and it’s very easy:

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

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

Conclusion

Shiba Inu was often dismissed as a memecoin copycat and a perpetual hype generator without substance, but savvy investors are able to reap the benefits of it regardless.
What do you think about these predictions? Let us know in the comments in our blog or in our social media: Twitter, Facebook, Reddit and in Telegram.

Frequently Asked Questions

[sc_fs_multi_faq headline-0=”h4″ question-0=”What is SHIB?” answer-0=”Shiba Inu (SHIB) is an ERC20 token that was created as a reaction to Dogecoin. The Shiba Inu team aims to achieve decentralization and innovation with their projects.” image-0=”” headline-1=”h4″ question-1=”What will SHIB be worth in 2022?” answer-1=”Various sources give SHIB price predictions ranging from moderate $0.000015 to unrealistic $0.1.” image-1=”” headline-2=”h4″ question-2=”What will SHIB be worth by 2025?” answer-2=”Experts name targets in the range between $0.00007468 and $0.00014063 for SHIB in 2025.” image-2=”” headline-3=”h4″ question-3=”What will SHIB be worth in 2030?” answer-3=”By 2030, Shiba Inu can grow to $0.00079887 and even $0.00097547, analysts claim.” image-3=”” headline-4=”h4″ question-4=”Will SHIB reach 10 cents?” answer-4=”For SHIB to reach 10 cents, its market capitalization has to be about half of the entire world’s GDP in 2022. While a very bullish target, it is not quite realistic anytime soon.” image-4=”” headline-5=”h4″ question-5=”Is SHIB crypto a good investment?” answer-5=”SHIB is a very volatile and risky asset that can potentially bring massive profits or losses. In the right hands it can be profitable but Shiba Inu is a very risky investment.” image-5=”” count=”6″ html=”true” css_class=””]

Author: changehero
February 16, 2022

Most blockchains have to choose two out of three: scalability, security and decentralization. This so-called blockchain trilemma has inspired many blockchain developers to find a solution without compromise. What is Fantom’s solution to this problem, how does it work and why does it need the FTM token — explained in our Beginner’s guide. Key Takeaways […]

What is Fantom (FTM)? A Beginner’s Guide

Most blockchains have to choose two out of three: scalability, security and decentralization. This so-called blockchain trilemma has inspired many blockchain developers to find a solution without compromise. What is Fantom’s solution to this problem, how does it work and why does it need the FTM token — explained in our Beginner’s guide.

Key Takeaways

  • Fantom is a layer-one distributed ledger that uses a direct acyclic graph (DAG) to secure transactions. DAG achieves near-instant finality because it allows transactions to be processed asynchronously;
  • Fantom supports several application layers, each secured with the FTM token. FTM is necessary for staking, paying transaction fees and voting;
  • The Fantom ecosystem includes 158 protocols with the accumulated value of $8.5 billion USD.

What is Fantom?

Fantom does not use a blockchain like Bitcoin and other cryptocurrencies do. Instead, it uses a similar but non-linear structure — direct acyclic graph, which comes with its own set of advantages and challenges.

Consensus Protocol Lachesis

At its core, the integrity of records in Fantom is secured with Byzantine fault tolerance like in most proof-of-stake blockchains. To achieve this with a direct acyclic graph, Fantom developers came up with a type of BFT-securing protocol that works asynchronously.
In a linear blockchain, ideally there is only one block from which the sequence can be continued. If competing miners create a block at the same time and nodes register them simultaneously, it can temporarily split the chain.
The protocol Fantom uses, called Lachesis, can accept two or more blocks that get produced simultaneously, preventing transactions from failing. Another defining feature of Lachesis is that it is leaderless, so every block producer has equal status.

Application Development Layer Opera

With the Lachesis layer being the foundation, the second layer, Opera, is reserved specifically for building. Opera is Ethereum virtual machine-compatible, essentially meaning that anything that can run on the Ethereum blockchain, can run on Fantom, too.
In fact, Opera is only one of the execution chains that can be supported by the Lachesis consensus layer. This is why Fantom can support chains fashioned after other blockchains such as Binance Smart Chain or Ethereum.

History and Team behind Fantom

The main principles that Fantom uses were described in 2018 by a set of researchers and cryptographers. Key contributions were made by Quan Nguyen, Sang-Min Choi, Jiho Park, Michael Kong and Andre Cronje.
The team and company that now supports the Fantom development is Fantom Foundation. Michael Kong and Quan Nguyen serve there as CTO and CIO respectively, while Andre Cronje contributes as an advisor.
The development and launch were funded with proceeds from the presale, held in 2018 in February and June in four rounds. The Foundation raised about $45 million in funding from Alameda Research, Block Tower Capital and other VCs from around the world.
The testnet for the platform went live in 2018, and v.0.1 with Opera was released on the mainnet in December 2019.

What is FTM?

Fantom’s security protocol Lachesis is essentially a Proof-of-Stake specification. And in Proof-of-Stake, native tokens are used to represent monetary rewards and sometimes, voting power.
Moreover, in Ethereum Virtual Machine-powered platforms, the nodes operating EVM are also incentivized with tokens. To execute smart contracts, users pay for gas with a native token.
Fantom supports several networks, each with their own token. The Ethereum chain of Fantom uses the ERC-20 FTM token, and the Binance Smart Chain needs BEP-2 FTM.
The total supply of 3.175 billion FTM was minted at launch. 40% of it was sold to investors, with the rest going to the team, advisors and to the staking rewards pool.
The team’s and advisor’s FTM were released into circulation three months after the launch, in November 2020. All FTM are expected to be unvested in late 2023, when the staking rewards pool will distribute the rest of the supply in circulation.

What is Fantom crypto used for?

As already discussed in the previous section, there are a number of ways to use the FTM coin:

  • Staking. If you are not meeting a requirement of 1,000,000 FTM to run a validator node, you can delegate as little as 1 FTM and receive a proportional reward. The team claims the current APR for a FTM stake or delegation is 4%, or 13% for a year-long commitment.
  • Network fees. Any transaction, be it a token transfer or an EVM call, incurs a fee in FTM. This fee will be used to pay the validators.
  • Voting. Validators can take part in an on-chain vote regarding things such as block rewards and technical committees. Delegators can’t use their stake to vote but they can pick the validator that will represent their views.

Comparison with Similar Projects

Fantom was not the first project to set out to solve the blockchain trilemma: scalability, security and decentralization. Algorand also strives to solve this problem.
The differences between these two are structural: Algorand uses probabilistic finality while Fantom opts for asynchronicity. Algorand is also layer-one first in design, while Fantom puts significant attention toward sub-chains.
Fantom wasn’t the first platform to use direct acyclic graphs either. Another example of a DAG network is IOTA’s Tangle ledger, which does not have transaction fees at all to be usable in Internet-of-Things.
In structure, Fantom is more similar to the Cosmos blockchain, with its security layer and application layers. In fact, you can use the Cosmos SDK to build on Fantom.

What is Fantom Criticized For?

Messari Research described direct acyclic graph platforms in general as vulnerable to attacks in low transaction activity periods. In Fantom’s profile, they mention Fantom Foundation did not deliver on proposed improvements to smart contract platforms.
Fantom’s key contributor Andre Cronje inadvertently became involved in the Wonderland controversy this January. Cronje announced a collaboration with Daniele Sestagalli not long before another of his projects, Wonderland, was linked to a serial fraudster.
Cronje stepped away from the joint project after the news. The case did not affect the Fantom ecosystem directly.

Partnerships and Future Plans

At the time of writing, the total value locked in Fantom is $8.46 billion USD across 158 protocols, according to DeFi Llama. Aside from the most popular Ethereum-compatible DeFi protocols and stablecoins, Fantom houses several popular protocols native to the chain.
For example, automatic market maker Spookyswap, lending protocol Scream and non-custodial liquidity protocol Geist Finance. The three protocols account for more than $3 billion in TVL.
As for the future updates, the largest one in the works is the Fantom Virtual Machine. There are no estimated dates of shipping yet, but it will significantly improve the capabilities of the network.

Fantom on Social Media


Users often compare Fantom to Ethereum, given the purposes and use cases of both networks.


Fantom is trending in the CoinGecko database searches, hinting at an increasing user demand.


Trader CryptoBullet gives a short-term forecast for FTM. To close the volume profile visible range, FTM’s price has to go to the support level they highlighted.

How to store Fantom?

For access to all the features of Fantom Network, the developers suggest using the Fantom Wallet. If you are frequently using other cryptocurrencies, you might want to look at multi-coin alternatives.
ERC20 FTM can be stored in the Exodus wallet, where you can instantly swap the tokens with any other supported cryptocurrency with ChangeHero. For more reliable storage, Trezor cold wallets also support ERC20 FTM. 

Where to Buy Fantom Crypto?

FTM can be traded on some crypto exchanges but it comes with a lot of unnecessary hassles. You have to create an account and deposit funds into the exchange’s custody. 
ChangeHero is an alternative way to trade FTM against any currency supported by the service. It’s a non-custodial instant cryptocurrency exchange, so you won’t have to worry about losing access to your funds or setting up an account.
For your convenience, FTM can be bought on ChangeHero in five easy steps:

  1. Choose the currencies on the home page, amounts and the type of exchange. Provide your wallet address in the next step and check the amounts;
  2. Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
  3. Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
  4. And now, relax! 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 FTM are on the way to your wallet. We’ll be happy to hear your feedback if you enjoyed using ChangeHero!

Customer support is always available in chat on our website, official Telegram group or through the email: [email protected].

Conclusion

Fantom offers an unconventional solution for the blockchain trilemma that will only improve by onboarding more users. The competition in smart contract platforms is saturated, but Fantom is already making a name for itself.
Browse our blog for even more educational articles and Fantom crypto news. ChangeHero is on social media, too: find us on Twitter, Facebook, Reddit and Telegram.

FAQ

[sc_fs_multi_faq headline-0=”h4″ question-0=”What is Fantom?” answer-0=”Fantom is a distributed ledger that consists of two layers: consensus layer and multiple application layers that support decentralized apps compatible with the Ethereum virtual machine.” image-0=”” headline-1=”h4″ question-1=”What does Fantom do?” answer-1=”Fantom is developing with a particular focus on DeFi, thanks to the contribution of Yearn.Finance founder Andre Cronje. It houses 158 protocols that come together to $8.46 billion of total value locked.” image-1=”” headline-2=”h4″ question-2=”What is FTM?” answer-2=”FTM is a native token of the Fantom network, needed for staking, transaction fees and on-chain voting.” image-2=”” headline-3=”h4″ question-3=”How fast is Fantom?” answer-3=”The goal of the developers is to make Fantom scale up to 300,000 finalized transactions per second. On 25 January 2022, when Fantom network processed more transactions in a day than Ethereum, its actual throughput reached eight transactions per second.” image-3=”” headline-4=”h4″ question-4=”What is the future of Fantom?” answer-4=”Fantom is attracting builders to their DeFi ecosystem to improve the security of the network. The largest upgrade in the pipeline is the native Fantom virtual machine.” image-4=”” count=”5″ html=”true” css_class=””]

Author: changehero
February 9, 2022

XRP was designed to become a means of quick global value transfers, but became a subject of a legal battle for several years. In this article, we will have a look at what might happen to Ripple’s XRP in the future and share the top XRP price prediction for 2022 and beyond. All XRP Price […]

XRP Price Prediction for 2022, 2025 and 2030

XRP was designed to become a means of quick global value transfers, but became a subject of a legal battle for several years. In this article, we will have a look at what might happen to Ripple’s XRP in the future and share the top XRP price prediction for 2022 and beyond.

All XRP Price Predictions

[table id=43 /]

  • In 2022, analysts expect XRP to continue its rally and break out of a downtrend. The bullish impulse can take it above the current ATH of $3.48 but if it fails, the support of $0.7 is a level to keep an eye on;
  • The probability of a new bull run in the next three years is low according to the forecasts but by 2025 XRP can eventually grow up to $15;
  • At the end of the decade, in 2030 XRP is predicted to trade for somewhere between $7 and $12.

What is XRP?

XRP is the name and ticker of cryptocurrency that was released in 2012 by Ripple, a San-Francisco based fintech company. While the company uses the currency in its products for corporate and financial institutions, XRP and its ledger are open-source and decentralized.
XRP is a bridge between banks or money transfer providers for instantaneous and virtually costless money transfers, replacing prepaid accounts in a foreign currency. The transactions on the ledger are confirmed within seconds, in comparison to an average remittance taking 3 to 5 business days.
XRP is deflationary, pre-mined and for the time being the XRP that are not in circulation are stored in an escrow account regulated by the smart-contract. The liquid supply is 41,602,126,647 while the outstanding supply is little short of 100 billion (99,989,673,274.51 XRP).
To learn about Ripple and XRP in more detail, check out our Beginner’s Guide to XRP on it!

XRP Price History

XRP Price in 2013–2016

At the end of 2013, one of the first price spikes for XRP during this period occurred. It lasted from late November to December, reaching $0.028 but correcting itself over several months. This movement took XRP’s price up by almost 400%. Almost exactly a year later, the same pattern repeated itself, taking XRP price up from $0.005 in November 2014 to $0.027056 at its peak a month later.
During other times, the XRP price moved between $0.005 and $0.009, two significant levels for almost two years. The support was breached only for a brief time in December 2015 and January 2016. This period closed at $0.006449 per XRP.

XRP Price in 2017–2019

XRPs price once again had a spike in value in late 2017 and early 2018. This time, however, it also corresponded to a massive increase in the cryptocurrency market. 
The spike was actually a culmination of a rally that started in mid-2017. On December 10, 2017, right before the price spike, XRP was at $0.239 and just a few weeks later, XRP hit $3.48 on January 4, 2018, which is the current ATH. 
From there, though, XRP dropped with a few peaks and valleys along the way, briefly going back up to $0.837 on April 21. The asset was back at $0.358056 on the closing day of 2018, worth ten times less than at the beginning of the year.
2019 was not as turbulent but for the investors XRP did not show promising results. The year closed with an almost 50% loss, going down from $0.353771 to $0.194349.

XRP Price in 2020-2022

In the bull market of February 2020, XRP managed to climb to $0.349789, but the fall in March was as drastic. On March 12, XRP price dropped to $0.115093, 60% down from the year’s high. 
A brief bullish market in August 2020 almost closed this gap but it was not until November that XRP’s price really took off. It could have reached higher than $0.6921 if the US Securities and Exchange Commission did not subpoena Ripple.
Nevertheless, each new development in the case brought back the confidence and XRP rallied with the crypto market in 2021. At the peak of it, in April 2021 XRP was worth $1.8392.
From there, it formed a clear downtrend, and 2021’s closing price for XRP was $0.8396. 2022 so far was continuing this downtrend, until very recently.
At the moment of writing, XRP ranks 8th by market capitalization in the CoinMarketCap rating. The price of 1 XRP is $0.8552.

What Influences the XRP Price?

Adoption

For a project like XRP, which was developed with a clear use case and for a certain group of users, adoption is key to its relevance.
Active users of the On-Demand Liquidity (ODL) solution include Bitstamp and Bitso, which use it for cross-border transfers. These exchanges recently amped up their liquidity represented in XRP by 20 million each.
In a Q4 2021 report, Ripple revealed the growth of ODL-related purchases from $491 million in Q3 2021 to $1.039 billion in Q4 2021.

Tech Updates

Closely tied to the previous factor, network updates often become a catalyst for more short-term XRP price swings. In January, RippleX team launched a XLS-20 devnet for native non-fungible tokens on XRP Ledger.
The updates and features that involve XRP can happen on adjacent networks, too. Cross-chain bridge Allbridge integrated XRPL, making it interoperable with Ethereum, Avalanche, Solana, Terra, Polygon, Fantom, Binance Smart Chain, Celo, Aurora, Harmony and Heco.

Legal status

Ripple’s XRP is in the middle of an ongoing legal battle with the US Securities and Exchange Commission for its status. If XRP is ruled out as a security, then Ripple has been providing unauthorized financial services.
According to the defendants, the prosecution does not have a strong enough base for the claim. Other cryptocurrencies, such as Bitcoin and Ethereum, are not deemed securities, and it will be impossible to prove whether there was a secondary market in the US.

Partnerships

The aforementioned subpoena didn’t merely cause a dump in XRP price in late 2021. It cost Ripple some of their key partnerships with ODL users as well.
In 2019, Ripple and money transfer service provider Moneygram entered a two-year partnership in which the latter would use Ripple’s solutions for cross-border transactions. In late 2021, however, this partnership was ended, coinciding with the SEC lawsuit.

#XRP on Twitter


Real-time news feed Watcher.Guru reports on a rally happening in XRP at the moment. The fuel to the fire seems to be the progress in the Ripple vs. SEC case.


To give you an idea how fast XRP is blowing up, here is a chart shared by CryptoDude.


Credible Crypto provides more analysis of the price movement. The XRP position seems to be solidifying and breaking out of a downtrend.

XRP Price Prediction for 2022

YouTuber Dereck Plaza gave an exhaustive analysis of the XRP charts to see what’s next. He considers the combination of a +20% in a day move and increased but not significant volume to be bullish.
Nevertheless, XRP’s relative strength index is in an oversold area across all time frames, so it needs to cool down first. The support levels to keep an eye on are in sequence $0.80, $0.78, $0.75 and $0.70.
What is the bullish scenario then? In his opinion, the $0.58 bottom is in, and there is a double bottom pattern forming. If it plays out, some time in February to April XRP can beat its current ATH of $3.84.
The same prospects are painted in the XRP price prediction for 2022 by CryptoNewsZ. They are citing more fundamental reasons, such as institutional interest in XRP, evidenced by the Grayscale trust.
Kelvin Maina provided InvestingCube with his analysis, accounting for both upside and downside moves. He anticipated the breakout to $0.87, and from there the price can go up to the resistance of $1.10 or the support near $0.70.

Ripple XRP Price Prediction for 2023

Prediction service by the TradingBeasts website forecasts some volatility for XRP in 2023. In mid-year, it will be trading lower with the predicted minimum of $0.8360 but grow until the end of the year up to $1.3913.

Ripple Price Prediction for 2024

Even less bullish prospects are seen in the prediction by Long Forecast. January 2024 will start on a high note and even see XRP for $1.04 a piece, but by October its price will go down to $0.47.

XRP Price Prediction for 2025

Prediction service Crypto-Rating claims that by 2025, Ripple’s solutions using XRP will secure a $1 trillion+ market cap for the coin. With the outstanding supply of 100 billion, that means $10+ per XRP, and their projections put the target closer to $15.
And now for something more positive and as likely. Ripple’s expansion into foreign markets, for example, Latin America or Europe, will boost adoption and price increase. With that in mind and taking into account the analysis of Crypterium, the level of $4.5 per XRP is forecast to be reached in five years.
A third source is equally bullish on XRP but moderate in targets. The Up to Brain analysis has confidence in adoption of XRP but does not see it beating the current ATH.

XRP Price Prediction for 2030

With the available data, it is still not reliable to project for the end of the decade, which is roughly the same as the lifetime of the entire crypto market. 
Some suggestions for how much XRP will be worth point at $17 or even $20.

ChangeHero’s XRP Price Prediction

XRP is a project with a reputation largely reliant on Ripple, a proven disruptor but laden with controversy at the same time. Should Ripple’s efforts to promote XRP’s adoption result in a success, the currency has all the chance to become the first globally acknowledged supplement to cash.

How to get XRP on ChangeHero?

If you already have crypto, you can use it to buy XRP on ChangeHero, it’s very easy:

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

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

Conclusion

The near-term future of XRP hinges on the SEC vs. Ripple case. Should they defend their ground, XRP is on track to finding real world adoption.
What do you think about these predictions? Let us know in the comments in our blog or in our social media: Twitter, Facebook, Reddit and in Telegram.

Frequently Asked Questions

[sc_fs_multi_faq headline-0=”h4″ question-0=”What is XRP?” answer-0=”XRP is a cryptocurrency developed by Ripple and independent contributors. XRP uses a token of the same name for transactions in the network.” image-0=”” headline-1=”h4″ question-1=”What will XRP be worth in 2022?” answer-1=”According to different analysts, in 2022 the XRP price can beat its current ATH of $3.48 or see a correction to $0.7.” image-1=”” headline-2=”h4″ question-2=”What will XRP be worth by 2025?” answer-2=”Depending on the source, XRP is expected to be in the range between $3 and $15 in 2025.” image-2=”” headline-3=”h4″ question-3=”What will XRP be worth in 2030?” answer-3=”By 2030, XRP is estimated to be worth up between $7 and $12.” image-3=”” headline-4=”h4″ question-4=”Is XRP a good investment?” answer-4=”Most of the experts have high confidence in XRP but following XRP news might be a good idea.” image-4=”” count=”5″ html=”true” css_class=””]


Disclaimer

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

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