Author: changehero
January 14, 2021

Early into 2021, the cryptocurrency market surpassed $1 trillion dollars in capitalization. The 2021 crypto trends so far show us that the market is not going to be the same as before. Will crypto go up in 2021? Most industry experts unanimously agree! Emerging crypto market predictions show us that the growth will be unprecedented. […]

What to expect this year? Crypto predictions for 2021

Early into 2021, the cryptocurrency market surpassed $1 trillion dollars in capitalization. The 2021 crypto trends so far show us that the market is not going to be the same as before. Will crypto go up in 2021? Most industry experts unanimously agree! Emerging crypto market predictions show us that the growth will be unprecedented. The ChangeHero team looks at crypto predictions for 2021 to find out what we can expect from this year. 

Comparison of Bitcoin Bull Runs

Most crypto market predictions rely on historical data. To begin with, let’s see how the current 2021 crypto trends overlap with the history.

Ecoinometrics have some interesting data comparison to share. They compared rallies after two previous halvings and follow the growth of Bitcoin in 2021.

If the events keep unfolding like in 2013 and 2017, Bitcoin can reach $100,000 in April. By October, the range defined by previous events lies well above $200,000.

Moon Capital put the current price action of Bitcoin and previous rallies in perspective.

Critics and sceptics often call Bitcoin a bubble. However, for some reason, after the pump and correction, Bitcoin is worth more than before. Whatever looks like a bubble in the short term, in the long term is just a spike on the graph.

Top Crypto Predictions for 2021

CEO of ShapeShift Erik Voorhes has recently shared one of his thoughts on the future of the crypto market. One of his crypto predictions for 2021 is that the market capitalization will double in half a year.

Where such a leap might take the market? What does it mean for the top currencies? Let’s have a look at some crypto predictions for 2021.

Bitcoin

In 2009, Bitcoin was envisioned as peer-to-peer digital cash. Over time, the “digital gold” narrative emerged and Bitcoin became seen as a store of value. What will bitcoin be in 2021?

The 2020 rally was largely attributed to institutional investors flocking to Bitcoin. Among those the most resounding are Grayscale Investments and MicroStrategy Fund. 

The COVID-19 pandemic made the governments take measures to stimulate economies, which included inflating money supply. Large part of this stimulus ended up parked in BTC, which was already well-known as a programmatically scarce asset. As fiat currencies lose purchasing power, the BTC price denominated in fiat grows. And from what we can already see, this is not going to stop.

What is the best Cryptocurrency to invest in 2021? It might as well be Bitcoin, because on the cryptocurrency market it is one of the safest cards to play. Most crypto market predictions rely on Bitcoin, as it makes up almost 70% of the market.

Bitcoin price prediction for 2021
Source: gov.capital

All in all, most crypto predictions for 2021 regarding Bitcoin tell us that the rally is far from over. Conservative price targets point at $30,000 to $50,000 price range. Industry experts like Anthony Pompliano and Samson Mow think it can even go as high as $100,000. You can read more in our Bitcoin price prediction 2021 update!

Ethereum

2020 was a big year for the Ethereum team and users. The developers finally implemented Proof-of-Stake in the mainnet, and decentralized finance protocols built on Ethereum were booming.

Nevertheless, Ethereum still has issues with scaling, and the next steps on its roadmap intend to deal with exactly that. DeFi protocols show no signs of slowing down in growth.

The launch of Ethereum 2.0 served as a backbone for further updates. Ethereum Foundation researcher Danny Ryan said the next updates won’t be as grand but will improve the scaling and throughput. However, for the nearest future, tech-savvy users can look forward to second-layer solutions such as Optimism or OMG Network.

Ethereum Prediction for 2021
Source: gov.capital

Tech updates without doubt can influence the price and future of Ethereum. What other factors are there that can move the price chart? See in our ETH price prediction for crypto predictions for 2021 regarding Ethereum. Different sources provide either moderate targets of $3,119 or bullish targets of $10 and even $35 thousand USD for ETH in 2021.

XRP

Which crypto will explode in 2021? What if we tell you XRP? However, to be clear, “explode” could mean both a success and a crash in this context. Let us explain.

XRP holders have a set date in 2021 they could look forward to: February 22. This is the day when the first showdown between Ripple and Securities and Exchanges Commission (SEC) is scheduled. This hearing might show which outcome to expect.

EOS developers, Block.one, were also sued by SEC. After being fined and repaying the charges, they did not suffer significant reputational damages. In fact, EOS remains in the top-20 cryptocurrencies.

However, there is a chance the SEC’s decision that XRP is an unregistered security prevails. In that case, crypto exchanges will have to delist it or register as securities exchanges if they want to keep operating in the USA.

XRP Prediction for 2021
Source: DigitalCoinPrice

Most crypto predictions for 2021 regarding XRP state this lawsuit will define the future of this currency and the market as a whole. We have called it in our XRP price prediction. Sources cited in it have targets ranging from to $1.14 to $1.33.

Litecoin

Good news for Litecoin holders: MimbleWimble will be activated in 2021. This protocol upgrade was long in the making, but the developing team is at the finish line.

MimbleWimble is a privacy protocol which is capable of masking transaction details from outside observers. On a first glance, this will greatly improve the functionality of Litecoin, won’t it?

However, other concerns might come into play. In December, Bittrex delisted XMR, ZEC and DASH supposedly over regulatory concerns. All these currencies have privacy features, however, in ZEC and DASH they are opt-in. Nevertheless, they were caught in a crossfire. Exchanges take risks when listing coins with privacy features, and LTC might soon join them.

Litecoin Prediction for 2021
Source: gov.capital

In our Litecoin price prediction we have covered MimbleWimble, as well as other factors that can influence the price. Check the article to learn more about it! The predictions from our article place targets at $137.26, $133.30 and $245.

Bitcoin Cash

Finally, let’s see what crypto predictions for 2021 have to say about Bitcoin Cash.

Bitcoin Cash hash rates by network.
Source: coin.dance

By Bitcoin Cash we understand the BCHN, dominant chain. On November 15, 2020, on a planned hardfork day, BCH ABC and BCH Node split into two chains.

It seems that the torch of original BCH in 2021 will be carried by BCHN. The community has already submitted a few changes which will go into effect on May 15, 2021. There are a ton of updates planned in 2021, including push for adoption and scalability improvements.

As for BCHA, it is not very likely that the chain will be abandoned completely. However, the coin has only a fraction of the dominant chain’s hashrate and the BCHN valuation. But who knows, perhaps, this currency is going to make a surprise comeback in 2021.

Bitcoin Cash Prediction for 2021
Source: DigitalCoinPrice

Some sources forecast that BCH will be worth any amount between $420.85 and $1,526.93 in a year. You can also check out more ideas about Bitcoin Cash in 2021 in our Bitcoin Cash price prediction.

Conclusion

From the emerging in 2021 crypto trends, we can try to make some crypto market predictions. However, ultimately everything can change because of unforeseen events, or “black swans”. The forecasts only prepare us for the most probable course of action without any guarantee.

Want to know how events develop? Why not check our blog for regular news and updates and get them on our social media: Twitter, Facebook, Reddit and Telegram?


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Author: changehero
April 24, 2020

A Foreword To commemorate World Book Day, our team has decided to give some recommendations on what to read about cryptocurrencies and all things blockchain. Prepare to take notes and add to your backlog, since we tried to find books for every level of understanding and topic! On Basics One of the most popular kinds […]

Books on Blockchain and Crypto by ChangeHero

A Foreword

To commemorate World Book Day, our team has decided to give some recommendations on what to read about cryptocurrencies and all things blockchain. Prepare to take notes and add to your backlog, since we tried to find books for every level of understanding and topic!

On Basics

One of the most popular kinds of books about cryptocurrencies is guidebooks that aim to explain what it is in the first place. These books range from simply written to somewhat technical or focused, but are usually approachable by the general public nonetheless.

Books on blockchain and crypto
Photo by Element5 Digital on Unsplash

Mark Gates’ Blockchain: Ultimate guide to understanding blockchain, bitcoin, cryptocurrencies, smart contracts and the future of money is praised for its simplicity of language and approachability. Perfect for a brief overview of the technology without going in too deep. An alternative to that guide would be Blockchain Technology Explained: The Ultimate Beginner’s Guide About Blockchain Wallet, Mining, Bitcoin, Ethereum, Litecoin, Zcash, Monero, Ripple, Dash, IOTA and Smart Contracts by Alan T. Norman. It is self-published but faithful to its title and concise.

On Bitcoin

No list is complete without mentioning Andreas Antonopoulos and his books. His knowledge comes from his education (a degree in Computer Science and Data Communications and Distributed Systems from University College London) and passion for Bitcoin that stems back to 2012. Mastering Bitcoin: Unlocking Digital Cryptocurrencies is a deep-dive into Bitcoin’s technicalities, approachable by engineers and economists alike, though it was clearly meant for the former. The Internet of Money and the following two volumes are collections of essays that were reworked from Antonopoulos’ lectures and presentations. In this series, he explores the economic, historical and philosophical implications of Bitcoin.
These books were written in 2015, and many things have changed since then. Nevertheless, they give enough ground to move on to more advanced and recent information. Readers can look forward to his next work, Mastering the Lightning Network, which is actually going to be a collaborative open-source project.

On Ethereum

To get an introduction to the second largest cryptocurrency and its network, you can read Ethereum: Blockchains, Digital Assets, Smart Contracts, Decentralized Autonomous Organizations by Henning Diedrich. It is not too layman-friendly, since it contains code and technical details, but not too detailed to be targeted at developers, either. The perfect place to start it would be after learning the basics of Bitcoin and blockchain.
Another entry by Andreas Antonopoulos, Mastering Ethereum: Building Smart Contracts and Dapps is written in collaboration with Gavin Wood in the same spirit as Mastering Bitcoin: with attention to technical details and competent technological overview. A must-read for developers interested in Ethereum blockchain and decentralized applications.
Introducing Ethereum and Solidity: Foundations of Cryptocurrency and Blockchain, written by Chris Dannen, came out slightly earlier than the previous entry and is one of the best pieces for non-advanced developers about programming in Solidity.

On Blockchain

The technology of cryptocurrencies seems to be an equally popular topic with readers and writers alike. Many people have tried to give their explanation for such a complex but disruptive novelty, probably because the public is growing aware of its potential and shows the demand for such guides.

A network
Photo by Alina Grubnyak on Unsplash

Bitcoin and Cryptocurrency Technologies: A Comprehensive Introduction by Arvind Narayanan: a tech manual for specialized courses that also does not overlook the bigger picture. Readers note that the Computer Science background certainly helps to understand the book, but is not required since it is concisely written and well-structured.
On the contrary, Blockchain Basics: A Non-Technical Introduction in 25 Steps by Daniel Drescher can be recommended to non-technical readers since it relies more on analogies and repetition, when necessary, and each chapter is provided with a concise summary. A good starting point for an introduction to such a complex idea. Another option beginners can pick up is Mastering Blockchain by Imran Bashir.
The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology, William Mougayar introduces the concept of blockchain to entrepreneurs and investigates contemporary and future applications of the technology. This book also has its fair share of futurism and can get too excited about the promises of blockchain, but Mougayar’s decades of experience in consulting and analytics give essential ground to his claims.
Blockchain Bubble or Revolution: The Present and Future of Blockchain and Cryptocurrencies is a great read that we couldn’t possibly skip mentioning. This could be described as a deep-dive into use cases which gives a balanced review from “the outside”. Its authors are product managers at Google (Neel Mehta), Microsoft (Aditya Agashe) and Facebook (Parth Detroja).

On Trading

books on crypto trading
Photo by Austin Distel on Unsplash

If you are an absolute beginner but feel confident enough to undertake trading as a source of income, you might find Bitcoin – Cryptocurrency Trading & Investing: Beginners Guide To Buying, Trading Bitcoin, Ethereum, Alt Coins & Investing In ICOs For Profit by Aimee Vo helpful. This book includes the most basic information on purchasing and trading Bitcoin, as well as some technical details in Plain English as an addendum.
Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond by Chris Burniske is targeted at investors. The main selling point of the book is cultivation of the means to assess an asset’s value that is a result of its utility. Sure, the market is not the same as in 2015, when it was published, but Burniske intended his book to be a tool for future investors and traders to help comprehend the contemporary crypto landscape.
For a more approachable introduction, you can refer to Cryptocurrency Beginners Bible: How You Can Make Money Trading and Investing in Cryptocurrency like Bitcoin, Ethereum and altcoins by Stephen Satoshi. It’s more grounded in concrete advice and guidance for the folks that know next to nothing about the crypto market (circa 2017, that is, so take the advice with a grain of salt).
Following the previous book, you can pass over to Cryptocurrency – A Trader’s Handbook: A Complete Guide On How To Trade Bitcoin And Altcoins by Marvin Neuefeind to learn more about cryptocurrencies themselves and become acquainted with the basics of fundamental and technical analysis.
Another well regarded book on the subject is Glenn Goodmann’s The Crypto Trader: How anyone can make money trading Bitcoin and other cryptocurrencies. Sure, it is personality-focused, but this approach also lets you gain insight on behavioural finance and psychological aspects of trading.

On History and Philosophy

Humanities were no stranger to the phenomenon of cryptocurrencies. There are books that investigate the place of it in economics and history, but there are also nonfiction pieces that definitely read like the wildest fiction.

books on bitcoin and blckchain philosophy
Photo by Giammarco Boscaro on Unsplash

The Age of Cryptocurrency: How Bitcoin and Digital Money are Challenging the Global Economic Order, by Paul Vigna and Michael J. Casey. Michael C. Munger (Professor of Political Science, Economics and Public Policy and Director of the Philosophy, Politics, and Economics Program) of Duke University says in his review that “if you’re going to read one book about Bitcoin, this is it”. He notes how the book delivers on telling the reader economic implications and technical details in a comprehensible form. This book can be recommended to those who are not looking for a deep dive into the technology but rather would like a comprehensive yet approachable introduction. Most importantly, it puts the recently emerged digital money into the global perspective and shows how it can influence it — as the title implies. A follow-up on blockchain in the same air is given in The Truth Machine: The Blockchain and the Future of Everything by the same duo.
If you are looking for something more exciting but still comprehensive, Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money by Nathaniel Popper can be classified as narrative nonfiction and in addition to covering Bitcoin basics it introduces lots of stories of people involved in the Bitcoin’s short but bright history. Popper is a technology and business reporter in the New York Times, so as expected, “Digital Gold…” is well-researched and solidified by numerous interviews and sources.
In Bitcoin: the Future of Money?, Dominic Frisby gives a general reader an overview of early history of Bitcoin. The technology, admittedly, is glanced over, while more focus is given to anarchist implications of cryptocurrency or a separate chapter in which Frisby is speculating about Satoshi Nakamoto’s identity. The word is, this one “reads like a thriller”, so if you don’t mind or even share the ideological charge this book carries, you might want to check it out.
Another approach is taken by Phil Champagne in The Book of Satoshi: The Collected Writings of Bitcoin Creator Satoshi Nakamoto. Without focusing on who the Bitcoin creator actually is, Champagne instead presents the thought process that went into making the first cryptocurrency. Admittedly insightful read for people already well-versed in the subject.

An Epilogue

Of course, there are many more guides, biographies, investigations, manuals and other pieces of nonfiction about blockchain and cryptocurrencies, since even after more than a decade of existence it still remains a mystery to the general public and a quagmire of secrets and curiosities even for seasoned traders, developers and journalists. If anything, as time goes by, even more subject matter emerges, so more and more exciting books will surely be written and published.
ChangeHero team will also keep writing more informative and interesting articles for our readers.
Bookmark ChangeHero Blog, we publish interesting content on crypto and blockchain. Follow us on TwitterFacebookReddit, Telegram and be the first to get notified.


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Author: changehero
April 9, 2020

It often seems like for newbies and experts alike the world of crypto is full of wonders… and wondering. What cryptocurrencies people around the world want to buy, sell and exchange? What other cryptocurrencies other than Bitcoin are worthy of attention these days? What popular cryptocurrencies should I be watching closely? Which wallet is the […]

Popular Cryptocurrencies around the world

It often seems like for newbies and experts alike the world of crypto is full of wonders… and wondering. What cryptocurrencies people around the world want to buy, sell and exchange? What other cryptocurrencies other than Bitcoin are worthy of attention these days? What popular cryptocurrencies should I be watching closely? Which wallet is the best to store cryptocurrency? How can I join the discussion about crypto on social networks? ChangeHero compiled everything you wanted to know about cryptocurrencies in the world in one long read.

Popular cryptocurrency in different countries of the world

A globe
Photo by Maksim Shutov on Unsplash

Despite the fact that most cryptocurrencies are designed to be global and accessible to everyone, once they start being used by actual human beings, there is no way digital money would ignore everyday realities. Therefore, in different countries of the world popular cryptocurrencies can be wildly different, depending on the reasons people use them. For example, the USA and Europe prefer Bitcoin as a means of investment because of its established position and trading opportunities, while some experts believe that devaluing national currency is the reason Indonesia and Venezuela are seeing very high cryptocurrency adoption rates. In Philippines, the country that in some reports ranks as number one in adoption, major reasons for owning cryptocurrencies included curiosity, usage as a means of payment and trading for profit.

Popular cryptocurrency in china

China skyline
Photo by zhang kaiyv on Unsplash

China is also a known adopter of cryptocurrencies, mainly because of the large concentration of industrial-scale mining businesses, all in spite of the official position of the government. If you would like to know more about this long and complicated story, ChangeHero has an article about it specifically. Bitcoin is undoubtedly the most popular cryptocurrency in China, and originally Chinese-based exchanges Bitfinex, OkCoin and BTCC still make up a huge part of the currency’s total market. Given the last year’s developments, the world is watching closely for the emergence of digital yuan sometime later in 2020. China is very likely to be the first major political power to introduce digital currency on a national scale and put it into practice, and this might change even how people everywhere in the world buy and sell cryptocurrencies.

Popular cryptocurrency in the USA

Skyline in the USA
Photo by ben o’bro on Unsplash

As it has been said before, Americans prefer to use their crypto funds as a means of investing and trading at exchanges. For that reason, Bitcoin remains the most popular cryptocurrency in the USA, because the whole market is more or less indexed to it: should it rise or fall, it is very likely (though not certain) the others will follow. However, in the same source, you can learn that more than half of the Americans who own Bitcoin also make use of altcoins. Maintaining a profitable portfolio means that they probably know how and when to swap their crypto assets. Besides, this is the current status, and like with China, the year 2020 might bring drastic changes to the industry. Libra is making its way out of the regulatory purgatory it has been stuck in for a while, and with the influence Facebook has on the daily lives of Americans, this project has all the chances to take the nation — and the whole world, probably — by storm.

Popular cryptocurrency in India

Charminar
Photo by Abhas Mishra on Unsplash

Back in March, Supreme Court of India lifted the RBI-authorized ban on cryptocurrency service provision, which has made a lot of traction in the enthusiast circles. The major India-based exchanges, like WazirX, Bitbns and Unocoin, became able to finally operate there again without any prospect of being closed or banned at any minute. While the international services where the users can buy, sell and exchange cryptocurrencies even without logins and verification were still available to them, it’s always nice to have something close and familiar.  It’s no surprise that Indians also prefer trading and earning on exchanges with Bitcoin. However, while it is the most popular cryptocurrency in India, it is not the only popular option. Other coins with a high demand include Ethereum, USDT, XRP, Bitcoin Cash and Tron — all available on ChangeHero.

Popular cryptocurrency in Japan

A street in Japan
Photo by Jezael Melgoza on Unsplash

Japan is known for both pioneering the regulation in the crypto sphere and being extremely stringent about it. In spite of the seemingly harsher conditions, the industry is doing rather well there. Major Japan-based exchanges include Zaif, Bitbank, BitFlyer and Coincheck. One should not also forget that the first cryptocurrency exchange, Mt. Gox was founded in Japan. Since that time, a few instant non-custodial exchange platforms, including ChangeHero, have been established, which would not fail to hackers. As is the case everywhere else, Bitcoin is massively more ahead of other coins in terms of being widespread. Other reportedly popular cryptocurrencies in Japan include XRP, Ethereum and XEM. Another curious example of a coin popular in Japan, albeit more in the sense “well-known”, is MonaCoin, modeled after Litecoin but by design and spirit thoroughly Japanese.

Popular cryptocurrency in Africa

Houses in Africa
Photo by Jezael Melgoza on Unsplash

African countries can serve as a good example to show how cryptocurrencies are not only the privilege of the more fortunate with an expendable income which can be put into investments, but also a probable solution to economic crises involving centralized finances. Zimbabwe, known for its hyperinflation rate, is reported to see unprecedented Bitcoin adoption rates. In South Africa, one of the world’s “leaders” for inequality, the most popular cryptocurrencies are Bitcoin, Ethereum, Litecoin and EOS, used both as an investment and a means of payment. Despite the negative reputation which was a result of emergence of various fraudulent schemes at the peak of the nation’s interest in cryptocurrencies, Nigeria still has the most numerous and one of the most engaged crypto communities in the world. In its capital, Lagos, people recently became able to buy Bitcoin at newly installed ATMs. Many experts, like Jack Dorsey and Nicolo Stoehr, claim that all the regions of Africa have enormous potential for the blockchain enterprises. Some Africa-based projects include Golix Coin (GLX) and Ubuntu coin (ucoin).

Popular cryptocurrency in South-East Asia

Marina Bay Singapore
Photo by Joshua Ang on Unsplash

Nevertheless, Asia is more likely to take the lead in cryptocurrency adoption than Africa, for now. As it was already mentioned, South-East Asian countries like Indonesia and the Philippines have a much higher awareness and ownership of cryptocurrencies rates that average worldwide. Singapore is a country with a very advanced economy and very progressive policies in the financial sector. The cryptocurrency regulation framework there is said to be one of the most comprehensive and modern in the world. The Litecoin Foundation is headquartered in Singapore. In addition, this city hosts a lot of exchanges like Liquid, CoinTiger and DigiFinex. The most popular cryptocurrencies in Singapore are Bitcoin, Ethereum, Binance coin (BNB), XRP, Stellar Lumens (XLM), Litecoin and Komodo (KMD). In the recent news, Malaysian businesses Tokenize Malaysia, Sinegy Technologies and Luno Malaysia are finishing the probationary period and launching crypto providing services that are fully regulated. Comprehensive regulation means a safer environment for the people to buy, sell and exchange their hard-earned Bitcoins and other currencies.

The other stuff in crypto

Most popular cryptocurrency wallets

Wallets with Bitcoin and USD
Image: freepik.com

It’s fair to suppose that if the use cases and preferred currencies vary so much in different parts of the world, then the wallets people use can be different, too. Though the software for cryptocurrencies is as global and borderless as the digital money, localization and country of origin can play into the choice of one wallet over another. Finally, the legislation can serve as a limiting factor, so wallets can or cannot let you buy or sell cryptocurrencies in the app depending on where they’re based.

There are a few kinds of wallets popular with different kinds of crypto adopters:

  • Custodial wallets and exchange accounts. While one of the least safe options, because your private key (and therefore, funds) is stored at the custodian’s server, it is also one of the most popular. Perhaps because it is more convenient to buy or sell your crypto without withdrawing. Wallets like Coinbase wallet are popular in the US and India; Coincheck and bitFlyer are popular in Japan;
  • Mobile wallets. These are usually hot storage, meaning that the access to your funds is granted to you through accessing the blockchain with an Internet connection. They are also generally safer than custodial wallets, because while your private key is still exposed to the network, albeit encrypted, it is also stored in your device. Most popular hot wallets include Exodus, Blockchain wallet, Atomic wallet. Besides, mobile wallets are convenient, and that is why they’re more popular than their desktop counterparts in China;
  • Cold storage. Regarding the security of your assets, it is as safe as it gets, because it is entirely up to you. Cold storage wallets are popular with people seriously investing in cryptocurrencies and holding large amounts of money. They seem to be in demand with Americans and Europeans. They can come in forms of sophisticated hardware devices like the ones Ledger, Trezor or CoolWallet offer, that securely store your private keys offline or be as simple as a piece of paper with a QR-code on it.

ChangeHero is integrated in some of those wallets, so if you own a Trezor or use Exodus, Magnum or Coinify, you can use our services to swap currencies in these wallets!

Most popular cryptocurrency apps

Bitcoin price chart on a mobile phone
Photo by Austin Distel on Unsplash

What about the apps that are not necessarily wallets but make use (or help you to do so) of cryptocurrencies?

  • In the US, the most popular app in the Finance section of App Store is Cash App, which supports Bitcoin! Other popular crypto-related apps are Robinhood and SoFi Invest, which are finance tools but also have support of cryptocurrencies, and exchanges like Crypto.com and Mobile HitBTC;
  • In Asian countries like China, Japan and Singapore, the most popular crypto-related apps are in general mobile versions of exchanges: OKEx in China, Crypto.com, Binance, eToro and Huobi in Singapore, GMOClickFXneo in Japan.
  • Crypto portfolio trackers are immensely popular in Japan and India: those apps include Coinview, Bitcoin Ticker and Bitcoin Crypto Portfolio.

In case you didn’t know, there are whole networks built on popular blockchains like Ethereum, Bitcoin SV and Tron, which include a vast network of decentralized applications, or DApps for short, that can come in the forms of games, social networks and decentralized exchanges.

Popular cryptocurrency hashtags

Cryptocurrencies revolve around the communities, so it is only natural that there is always some buzz making rounds about crypto in the social networks. Here is a few popular cryptocurrency hashtags you can keep your eye on to stay tuned about everything (or to reach out to other interested folks if you are an influencer):

  • Twitter: #bitcoin #crypto #blockchain #trading #btc #cryptocurrency #ethereum #xrp #ripple #market #mining #cryptotrading #cryptonews #cryptomining #cryptolife. Tip: don’t be too shy to use more conventional hashtags like #business and #news with those to reach out to even more people!

Have a look at how the most popular hashtag, #bitcoin, is performing according to Ritetag:

Popular Cryptocurrency Hashtags

This might have to do with the fact that it has its own emoji that accompanies this hashtag!

Popular cryptocurrency to mine

Bitcoin
Photo by Dmitry Demidko on Unsplash

Let’s suppose you’re more interested in earning your cryptocurrencies slowly and steadily, rather than playing a game of risks on the exchange. In other words, you’re looking into mining rather than trading. Don’t be discouraged by the fact that this is considered a professional industry: there are plenty of coins that can be mined by hobbyists profitably even in 2020! Ethereum Classic supports ETHASH, which has a considerable degree of ASIC resistance to keep GPU mining valid. Other altcoins that potentially can bring you profit and are more or less established are Zcash and Verge. And by the way, you can exchange them at our website! Coins that use Cryptonight — Monero, Haven or TUBE — work better for mining with an NVidia GPU. Always remember about DYOR, though!

Everything about Crypto Communities

New popular cryptocurrency

A sapling and coins
Photo by Micheile Henderson on Unsplash

While we are all waiting for the advent of game-changers like Libra, TON or national digital currencies (or lack of it, for all we know), there are already a few new coins and currencies which, while lacking in hard-earned reputation, are performing well and can already change the landscape of the market and adoption.

PAX Gold — fiat-pegged stablecoins have already found their niche on the market, and Paxos, after launching PAX stablecoin, decided to create another asset pegged against another valuable — gold. This way, this token can be an even more sound source of value and enjoy all the convenience of digital assets.

Basic Attention Token — a token native to the revolutionary Brave browser, which allows for advertising monetization model that is profitable for both the target and the advertiser. How cool is that? If you’re too impatient to earn it the intended way, you can buy and sell it on our website.

Synthetic Network Token was launched less than a year ago and is already in top 50 by market cap according to Coinmarketcap. It is an ERC-20 token, used as a collateral for Synths — assets used for trading on the decentralized Synthetix.Exchange that have the same value that the originals but do not require you to actually own the original. By staking SNX, owners get exchange and staking rewards.

Popular tweets about cryptocurrency

Crypto Twitter is a great place to get new information and know the people in the industry, as long as you know who to follow. Take a look at the most popular tweets from the most well-known Crypto Twitter personalities:

Vitalik Buterin, Ethereum co-founder:

Vitalik Buterin about Crypto

Andreas M. Antonopulous, early Bitcoin investor and expert:

Andreas M. Antonopulous about Bitcoin

Fred Ehrsam, co-founder of Coinbase and Paradigm:

Fred Ehrsam about Crypto

Meltem Demirors, CSO of Coinshares:

Meltem Demirors about Bitcoin

Brian Armstrong, co-founder and CEO of Coinbase:

Brian Armstrong about crypto

Nathaniel Whittemore, Long Reads Sunday and Breakdown author:

Nathaniel Whittemore about crypto

As you can see, Crypto Twitter is an interesting bunch. Whether you want to listen to a serious, technical approach or a down-to-earth light-hearted fellow enthusiast, you will surely find a voice to follow. For one, we’re suggesting you to follow our account as well to stay tuned about new content and collaborations!

Popular cryptocurrency communities on Reddit

That’s about it for Twitter but what about other online communities? Reddit is extremely popular with cryptocurrency enthusiasts as a platform for communication and discussion. A lot of cryptocurrency companies and communities run their own subreddits. Here are the most popular ones:

  • r/cryptocurrency — one of the most populous and active crypto subreddit of them all.
    • Various content: news, discussion topics, memes;
    • High activity;
    • Extensive wiki.
  • r/bitcoin — the most populous subreddit dedicated to the first cryptocurrency.
    • Various content;
    • High user and mod activity.
  • r/BTC — an alternative to the previous subreddit.
    • Various content: news, AMAs, technical insight, memes;
    • Forks are welcome!
    • Less strict moderation.
  • r/bitcoinbeginners — a community where you can ask newbie questions to other members who are keen on getting into the new exciting world of crypto. No shame in learning!
  • r/crypto_currency_news — subreddit for news and news only. No distracting or entertaining content.

ChangeHero has also launched a subreddit of our own, so feel free to join our community!

ChangeHero is striving to become a larger part in this global community of crypto enthusiasts. We welcome everyone to use our services, no matter where they come from or what altcoin they may shill. Exchange fast, with no logins or verification, or buy and sell cryptocurrencies with a debit or credit card at our website.

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Author: changehero
March 19, 2020

The last two weeks were a nightmare for the crypto community. Bitcoin took a nose-dive and Alts also followed the same vein. Many crypto influencers and enthusiasts have taken to Twitter to share their views on this blood bath. While some of them panned the crypto with harsh criticism, many pledged their support to the […]

Twitterati on Bitcoin

The last two weeks were a nightmare for the crypto community. Bitcoin took a nose-dive and Alts also followed the same vein. Many crypto influencers and enthusiasts have taken to Twitter to share their views on this blood bath. While some of them panned the crypto with harsh criticism, many pledged their support to the Bitcoin. We decided to gather some of the most popular responses from the Twitterati.

The Backdrop

The second week of March has stunned not only the stockbrokers in NYSE but also the Bitcoin Maximalists. Bitcoin crashed falling to the lows of $3,596 according to Forbes. A plethora of factors have contributed to this fall. On one hand, there’s the pandemic of the Coronavirus and on the other the global economic slump.

Amidst the chaos, we found a lot of people having some heated arguments on whether Bitcoin is a safe-haven or not. Well, that’s a completely different topic and we’ve got you covered as well, quickly go through this article for more info on it. Here are a few of the posts on Twitter which drew the attention of the crypto community during the crisis.

Crypto Twitter

Edward Snowden interested in buying Bitcoin
Source: Edward Snowden

Whistleblower, Edward Snowden is quite popular in the crypto community for his bullish nature on crypto. He tweeted about Bitcoin in the last week when BTC dropped below four thousand dollars. It looks like Edward Snowden is gearing up to stack sats.

Brian Armstrong about Bitcoin price fall
Source: Brian Armstrong

Next comes Brian Armstrong, CEO of Coinbase, appeared to be puzzled with the Bitcoin’s performance. Historical analysis suggests that Bitcoin was not in correlation with the financial markets. Unfortunately, digital currency also took the hit during the recent financial catastrophe and its price plummeted. This has surprised not only Brian but also fellow Bitcoin enthusiasts.

Erik Voohes on Bitcoin as a store of value
Source: Twitter

Travis King about Bitcoin price action
Source: Twitter

 

Shapeshift’s CEO, Erik Voorhees, voiced his opinion in an attempt to bust the rumours that Bitcoin is Dead. He also extended his support to the Ethereum and other projects.

Ikigai Fund Manager, Travis Kling also took to crypto twitter and expressed a similar view on Bitcoin and hinted that once things settle down, Bitcoin bulls will be unleashed.

CZ Binance about Bitcoin price
Source: CZ Binance

Binance CEO, CZ, a well-known figure in the community, is always the first to respond to the happenings in crypto and blockchain. He pledged that he will not let Bitcoin touch the rock-bottom. Sounds promising and we do hope that Bitcoin will not be hitting lows.

Crypto community is widely popular for fun and wit even in times of distress. Crypto people didn’t let go of this chance and cracked jokes on the current situation.

Andreas fun tweet about the crypto market
Source: Andreas Antonopoulos

Peter McCormack on Ethereum price action
Source: Peter McCormack

Andreas Antonopoulos tried his best to look at the bright side even in the toughest of the times. Podcaster, Peter McCormack, played smart with the words. We better not explain the tweets and leave it to your imagination.

Charlie Shrem's fun tweet on Buttcoin
Source: Twitter

Crypto Rand tweets about the crypto market
Source: Twitter

While Charlie Shrem showed off his brand-new cryptocurrency, trader and investor, Crypto Rand’s tweet perfectly concludes the whole story.

A storm passing by

Toilet Paper token meme
Source: ChangeHero

Yes, crypto is going through a rough patch and so is the global economy. We believe it was just a rainy day and soon Bitcoin will be reaching new heights. At the time of writing, Bitcoin showed Bullish signs and hit the six thousand dollar mark. If you are new to crypto, it’s the best time to invest. In this quarantine, make the right choice, stack sats, not toilet paper. 😉

On ChangeHero you can exchange crypto instantly without any registrations. Also, you can simply buy crypto with a credit card. We’ve got you covered even if you are looking to cash-out, you can sell Bitcoin and other popular cryptocurrencies on ChangeHero in just a few simple clicks.

Btw, do you wanna know if Bitcoin is a safe haven? Find it out by yourself here.

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Author: changehero
February 27, 2020

The recent Coronavirus outbreak in China has brought businesses to a standstill. It cost hundreds of lives and sent shockwaves to the entire world. On the other hand, the cryptocurrency market witnessed huge gains in early February and took a nose-dive in the last week. These series of events does bug everybody if the epidemic […]

The Convoluted Story of Crypto and Coronavirus

The recent Coronavirus outbreak in China has brought businesses to a standstill. It cost hundreds of lives and sent shockwaves to the entire world. On the other hand, the cryptocurrency market witnessed huge gains in early February and took a nose-dive in the last week. These series of events does bug everybody if the epidemic is impacting crypto. In this short post, ChangeHero will reveal what is happening to crypto amid this epidemic.

The Outbreak

According to the World Health Organization Coronavirus disease (COVID-19), was first reported in Wuhan, China on 31 December 2019. A Bloomberg report suggests that there are 82,302 confirmed cases and 2,802 deaths worldwide, but China has been the most affected. In measures to contain the spread, the Chinese government has locked down cities and restricted the free movement of people which made the factories and businesses to shut the doors. The steep in the factory output has taken a toll on the Chinese economy and also threatened the global economy. Industries such as manufacturing, oil and gas, tourism and supply chain suffered the most. In the same vein, crypto is also not immune to this virus.

Miners hammered

China has a history of crackdowns on cryptocurrencies and exchanges. On the contrary, they are spearheading the blockchain adoption race and working towards digital currency, quickly go through this article for more info about China and cryptocurrencies. Moreover, the top five mining companies — AntPool, BTC.com, BTC.top, F2 Pool, and ViaBTC are based in China. These firms control almost 60% of the hash power in the Bitcoin network. Mining farms are the first to be affected by the outbreak, and a few representatives of these firms expressed their concerns on Social Media. Many stated that the government has cut off the electricity, supplies and also drove away workers from mining facilities. It reflected in the difficulty of bitcoin mining, a measure which indicates the effort required to solve the math in finding the block. This measure is adjusted once every two weeks and in the last difficulty correction, the measure rose only by 0.52%, which is significantly lesser than the previous corrections of 4.67 and 7.08.

Mining may soon turn out to be a not so profitable activity, credits to the Bitcoin Halving. Bitcoin will undergo its third halving event somewhere around May, and the block reward will be slashed to 6.25 BTC. It leads to tougher and unfavourable economic conditions. To boost their chances of surviving, miners are gearing up with advanced machines. Yet again, China is one of the largest suppliers of the mining equipment. Coronavirus outbreak has also locked up the doors of the factories, and the companies have postponed the deliveries. Although there is a significant impact on the crypto mining industry in China, Bitcoin hash rate has seen a negligible change.

Community reflex

To restrain the spread of the virus, the Chinese government has halted the distribution of Yuan worth almost a Billion Dollars. Meanwhile, the S&P 500 Index and other traditional markets have also recorded their worst performances due to the epidemic. Crypto community was quick to react and hinted that digital currency can fix this. Big names in the crypto sphere like Binance and Tron have also pledged support to the coronavirus victims. Moreover, the epidemic has spread a sense of terror amongst the community and led to the cancellation and postponing of the conferences and public events.

Amidst the crisis, CoronaCoin, an ERC-20 token was launched with the ticker NCOV. Though the website states that the token is meant for charity, its approach has shocked the crypto community. The cryptocurrency has a total supply equal to the world’s population, and the tokens will be burnt every 48 hours, proportionate to the number of casualties. The concept of investors benefitting with the spread of the virus poses serious moral questions on this project.

Impact on the crypto

Bitcoin kickstarted the new decade with a massive bull run and crossed the ten thousand dollar mark in early February. Many have contributed this to the upcoming halving and some connected it to the coronavirus outbreak. Things didn’t fare well long for crypto, and the whole market crashed and lost a whopping 50 Billion Dollars in the last week of February. The epidemic has indeed affected the people and processes behind the crypto industry, but it is still unclear if there is a correlation between the coronavirus and the crypto market prices. Nevertheless, the notion of Bitcoin as a safe haven during the crisis still exists but hasn’t been proven yet, at least for now. We hope the crisis will end soon, and peace be restored. Until then, all our strength to the effected, families and businesses around.

Clap if you have liked the article and comment to spark a discussion.

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Author: changehero
February 5, 2020

The core idea of the Bitcoin was to enable peer-to-peer transactions but went off track and was not able to keep up with the promises. There are a ton of barriers not-only for Bitcoin but also for all other cryptocurrencies hindering the mass adoption. Scalability and Block size are a few factors which have been […]

Quest for the Mass Adoption: Scaling the Chain and Building Bigger Blocks by ChangeHero

The core idea of the Bitcoin was to enable peer-to-peer transactions but went off track and was not able to keep up with the promises. There are a ton of barriers not-only for Bitcoin but also for all other cryptocurrencies hindering the mass adoption. Scalability and Block size are a few factors which have been debated over the years by the crypto enthusiasts and also resulted in the branching of many chains to provide a true peer-to-peer payment solution to the users.

In this short post, ChangeHero will have a look into the scalability and how it is withholding the blockchain’s potential.

A blockchain is akin to a ledger book but on the internet instead of the office desk and available to everybody. This digital ledger is made up of blocks that are connected to each other using the cryptographic hash. These blocks have the capability of holding batches of transactions and upon confirmation will be added permanently to the network. These blocks consist of transaction information such as date, time, amount of cryptocurrency in the transaction and the hash of the previous block and the current block. All this information occupies space on the block and every block has a preset block size limit.

In the early days, Bitcoin’s block size was limited to 36 MB. Later in 2010, it was downsized to 1MB to prevent attacks on the network and enforced a rule that blocks exceeding the limit will be rejected. Usually, adding a new block to the Bitcoin network takes around 10 minutes. This, in turn, resulted in the limiting of the number of transactions processed per second ultimately affecting the scalability of the network. At this rate, Bitcoin can process a maximum of 7 transactions per second.

Bitcoin grew in popularity over the years and the number of transactions has also increased over time. More transactions and a limited block size slowed down the entire network. It is one of the reasons why we see people waiting for hours and even days for their transactions to be confirmed. Moreover, transacting value over the Bitcoin chain became a virtual race in which users had to shell out more satoshis as fees to get their transactions confirmed quicker than the rest.

Delay in the transactions and fees pose a major barrier for fulfilling the mass adoption dream for all the cryptocurrencies. People in crypto have addressed this issue in multiple ways.

Bitcoin tried to tackle this with the help of SegWit at the beginning and later Bitcoin Core developers came up with an off-chain solution called Lightning Network to make transactions process faster.

Ethereum has a throughput of around 20TPS currently and is trying to lift it up by implementing the PoS consensus mechanism to eliminate the AISC advantage by considering only the amount of stake to make the entire block creation process faster. Ripple claims to handle over 1500 transactions per second through its patented consensus algorithm. EOS uses a delegated proof-of-stake and once claimed that the protocol was able to process over 2000 transactions per second. There are other projects like NEO and QTUM whose TPS claims appear to be promising, but we haven’t seen them yet put to use.

On the contrary to all this, BCH came into existence as a result of the Bitcoin hard fork due to the difference of opinion of fixing scalability. BCH approached this by lifting the block size limit to 8MB and was able to process transactions faster than Bitcoin. This didn’t end quite well within the community and BCH underwent a hard fork and gave birth to BSV in 2018. As the name implies, BSV aims to bring back the satoshi vision and enable a true peer-to-peer payment solution. BSV approached the scalability issue by lifting the block size limit to 2GB and claims to handle over 1000 transactions per second. Taking it to another level through the Genesis upgrade, the block size limit is completely removed and the team showed off some impressive numbers. BSV is also working on a Teranode which would be able to process 4 million transactions per second and we just have to wait and see how things will unfold.

For the cryptocurrency to be penetrated into the masses, projects must show that crypto can be put to use in everyday life. For the public to make this dramatic shift from the traditional means of payment to the crypto is only possible when people have gotten to see the real value behind using the cryptocurrencies — faster transactions and lower fees. Though lower fees will be a benefit for the users, it might turn out to be fatal for the miners and validators. Thus all the cryptocurrency projects must come up with a mechanism to balance the needs of both the end-users and the contributors.

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Author: changehero
October 8, 2019

Cryptocurrency has seen a significant rise in its adoption in the past few years. It should be fair to admit the fact that traditional credit or debit cards have propelled this growth by enabling the masses to get their hands on the digital currency. Few traditional banking services are sceptical about this new form of […]

Crypto Banks

Cryptocurrency has seen a significant rise in its adoption in the past few years. It should be fair to admit the fact that traditional credit or debit cards have propelled this growth by enabling the masses to get their hands on the digital currency. Few traditional banking services are sceptical about this new form of currency and perceive it as a threat. On the other hand, a few saw the bright side and began adopting the digital ledger technology laying a cornerstone for the new phenomenon called Crypto Banks.

In this short essay, ChangeHero reveals to you how the financial sector is adopting the blockchain technology.

Bitcoin came into existence from a bare idea of eliminating the middlemen and enable peer-to-peer transactions. Blockchain protocol functions as the means of processing these transactions without any intermediaries. The protocol is independent of the Bitcoin and can be used for a major portion of the traditional banking services. Many bright-minds have exploited the blockchain technology and put it to a great purpose busting the misconceptions about the protocol being exclusive for conducting transactions.

Crypto Banks

A conventional bank offers a wide variety of banking services such as payments, custody, credit cards, loans and many others. Most of them can be achieved on the blockchain via smart contracts, thanks to Ethereum, a trailblazer in the second generation of the digital ledger technology. To keep it simple, Crypto Banks are the institutions that can offer the above-stated services but with the incorporation of the cryptocurrency and with legal clearance from the regulatory bodies in the economies.

The Young Guns

Legislations pose challenges as few governments are dubious about the digital currencies and some even have laws banning the usage of the cryptocurrency. Bitwala is one fine example which has successfully embedded the cryptocurrency into the traditional banking services. The startup claims to offer the world’s first cryptocurrency bank account which includes a traditional bank account, bitcoin wallet, and trading interface on a single platform. The company is licensed by the German government and also offers a Mastercard Debit Card for global spending.

Spot 9 is another interesting project which is analogous to Bitwala and offers an identical set of services but with perks of earning rewards. MyCryptoBank is in works of launching a similar service that combines both the crypto and regular banking services. Two Swiss companies, namely, Sygnum and SEBA are moving in the same path of converging both industries and were recently awarded Swiss banking licenses. The favourable conditions for the crypto might probably have driven Facebook to set up the Libra association in Switzerland.

Vets jumping into the field

A few market leaders in the crypto industry are testing the waters in the blockchain finance. Coinbase Custody, for instance, offers secure cold-storage of the digital assets and are regulated by the New York Department of Financial Services (NYDFS). BitGo is another service offering custodian services but with a diverse selection of coins and tokens. Though these companies pose to be a bank, they cannot be used to make the purchase of goods or pay bills like the traditional ones.

Malta is arguably the most happening place in the crypto world, thanks to the Virtual Financial Assets legislation which makes it the place to go for crypto entrepreneurs. Founders Bank based in Malta which aims to be the world’s first decentralized blockchain bank is set to open its doors to the customers in 2020. It has raised $10 million with Binance being one of its major investors. Likewise, Litecoin Foundation and Token Pay have acquired a cut in the crypto-friendly bank WEG Bank AG which is in works to start processing crypto payments in the year 2020.

Many developed nations recognise the usage of this new technology. A number of traditional banking giants are leaning towards the crypto and adopting it. We have seen an example where a fintech startup Circle acquired cryptocurrency exchange Poloniex way ahead of others in 2018 and interestingly, the startup is backed by the Goldman Sachs. In another scenario, Japanese firm SBI Holdings has launched its cryptocurrency exchange. Conversely, we have witnessed cases like China and India, where the policymakers took a stance against the digital currency. Regardless of the tight regulations and price surges, a number of companies are optimistic and foresee it as a major driver for the future economy.

Sum and substance

It appears that the brick and mortar banking services have been ambivalent to cryptocurrency growth. While some of them were forbidding, the rest were adopting and moving ahead. With many startups picking up the turf in this niche, it would be a stringent task for the traditional banks to dive-in later. Traditional financial services have to up their game in order to stay alive in the future. Either way, this New Economy would be beneficent to the consumers and has the potential to change the way we spend and manage money.

So, what do you guys think about crypto banks? Do you think there would be a day where you can walk-in to a conventional bank and make transactions in crypto? Let us know in the comments.

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Author: changehero
September 9, 2019

ChangeHero Brings You the Other Side of Crypto We are living in a digital age. Cryptocurrency has seen significant growth in the past five years — from an upsurge in price to an increase in adoption around the world. Despite being young, crypto has become an effective financial tool to solve a lot of economic […]

ChangeHero Brings You the Other Side of Crypto

We are living in a digital age. Cryptocurrency has seen significant growth in the past five years — from an upsurge in price to an increase in adoption around the world. Despite being young, crypto has become an effective financial tool to solve a lot of economic problems like inflation, poverty, lack of access to banking services, reducing transaction costs, etc. Cryptocurrencies are playing a vital role in the economic scene especially in poor and undeveloped countries with struggling economies.

Why are people turning to crypto in crisis-stricken countries? What Third World countries mostly feel friendly to the crypto? Can crypto be an effective solution to economic setbacks?

ChangeHeroes did some research and found some interesting facts about crypto adoption.

Cryptocurrencies are changing the way the world thinks about money. The main advantage of crypto — it’s decentralized, not regulated by the government or a single individual, which provides users with financial freedom and is considerably more secure than the traditional banking system. Crypto transactions can happen anywhere, almost all around the world without any restrictions just with an internet connection.

When speaking about crypto adoption we usually think about tech-advanced countries like the United States, Japan or South Korea. The growth of crypto is common not only in rich and progressive countries with developing financial infrastructures but also in economically struggling ones.

Here are some of the places in which cryptocurrency is playing a significant role in helping the people.

Let’s start with Venezuela — the most crypto-loving country on the planet.

The tense political situation in Venezuela has significantly affected local cryptocurrency adoption. The reason for the financial crash was hyperinflation. Consequently, people became unhappy, starving and poor. Under Venezuela’s President, Nickolas Maduro’s regime, the local currency was so much worthless, that it took up to half of a monthly wage to purchase a Big Mac at McDonald’s.

In 2017, when the inflation rate hit almost 500% in December, crypto came as a saviour. In the same year, Maduro authorized the country’s native cryptocurrency, Petro, which would be backed by Venezuelan barrels of oil. Venezuelans found their path to escape the consequences of inflation by mining crypto and turning to digital assets like Bitcoin. Thanks to cheap Venezuela’s electricity, that allows easy mining crypto from the blockchain.

As a result, in Venezuela, many people started working as freelancers and began to receive their wages in bitcoin because many do not have accounts abroad which would allow them to make transfers in dollars. Some of the most commonly used cryptocurrencies in the country are Bitcoin, Etherium, Litecoin, and Dash. Crypto helped the Venezuelan citizens lead a normal life by enabling them to transact and buy basic things for a living like medicine, toilet paper, diapers, food.

Here is a good example of the crypto-friendly organization Eatbch, which takes BCH donations and manage the purchases of ingredients to provide meals to people in 6 Venezuelan states. And that’s not all. Even two well-known food companies — Subway and Church’s Chicken — are accepting cryptocurrencies, according to CCN news.

When we talk about currencies, Dash is one of the most popular in Venezuela. By the end of 2018, Dash is reported to be accepted by over 2400 merchants. Recently, Dash announced that a Venezuelan Pharmacy franchise is accepting dash crypto payments. In addition, Dash also provides the community with the necessary training and development to the merchants about crypto.

By the way, crypto has also been used in Venezuela as a way of sending money, avoiding the fees associated with money transfer services such as Western Union. Some Venezuelans are using Bitcoin to store their savings, while others are using it to receive remittances from out-of-state relatives without an intermediary.

The African continent is witnessing a remarkable growth in the crypto adoption that must be discussed.

Cryptocurrencies are solving different economic issues. In South Africa, cross-border is a major concern due to high fees. With the help of Bitcoin, fees are declined to less than 3%, according to BitPesa CEO Elizabeth Rossiello. According to Statista, South Africa jumped to 5th place as 16% of the country’s population used cryptocurrencies like Bitcoin, Ethereum, Litecoin, Lisk, EOS, Dash, XRP, and Monero as investments or to buy something.

Crypto adoption looks like a reality in South Africa. There are crypto exchanges & transfer platforms like DoshEx, that provide banking for “unbanked” South African users with the help of blockchain and allowing them to exchange crypto.

Crypto-adoption is growing not only in South Africa but in the West African region too. This year Paxful crypto marketplace announced the completion of a new school in Rwanda, funded with BTC in collaboration with the BuiltwithBitcoin initiative. By the way, the team plans to build 100 schools in total, all throughout the continent of Africa. Ray Youseff, the CEO and co-founder of Paxful, told in his Twitter, BuiltWithBitcoin initiative group encourages the cryptocurrency sector to contribute more to humanitarian projects.

Source: Twitter

So Paxful is a good example of a cryptocurrency company that gives back to the community.

In Kenya, digital assets are moving more into real-world usage, there are a lot of stores and markets in the country, where people can purchase different kinds of things from food and footwear to mobile phones and bicycles. Here is another interesting example of using crypto in everyday life.

Betty’s Place

Beatrice Wambugu started a restaurant called Betty’s Place, located in the rural town of Nyeri, Nairobi. In the restaurant, customers are allowed to pay with two crypto-currencies — Bitcoin and Dash. The aim of her business not only to supply guests with delicious food but to attract different crypto-enthusiastic customers from different parts of the world to support the digital-coin adoption inside the town.

The additional clear proof of the mass-adoption growth in South Africa is the OKEx South Africa conference. OKEx will be joining the first-ever crypto event in South Africa — Crypto Fest 2019 on September 7 in Cape Town. This conference is dedicated to bringing crypto into daily life and offering crypto enthusiasts a convenient way of trading.

These examples show how the African continent is embracing crypto into their everyday life.

While crypto usage in South Africa is growing, in Turkey crypto-adoption is sky-rocketing. The devaluation of the national fiat currency, the Lira, has resulted in cryptocurrencies gaining popularity.

Source: Statista

Therefore it isn’t surprising that Huobi Exchange is willing to expand its operations in Turkey due to the fact that 20% of the country’s population hold some cryptocurrency. The reason is mistrust in the banking system, where its fiat currency is exposed to inflation. Citizens in Turkey see crypto as a good investment opportunity and Bitcoin, the most popular cryptocurrency in Turkey, had been seen as an efficient way of escape.

Source: Twitter

This May, Zero Hedge hinted that the adoption of crypto is on the rise in Turkey and Turkish people bought around $20BN worth of crypto. Also, the number of Turkish companies accepting bitcoin as payment has increased widely. With crypto, people can invest in real estate, shop for furniture, curtains or books. Currently, 40 to 50 companies officially accept payment by BTC. There are also several Turkish companies like Miavita, Binbircesit, that accept payment by Bitcoin. Moreover, there are many brands in the world that accept cryptocurrencies, including WordPress, Subway, Microsoft, Reddit, Dell, Expedia, Zynga, Shopify, that allows making shopping with crypto in Turkey too.

As for other crypto-friendly countries with a high level of crypto adoption, Malaysia is another good example, where cryptocurrencies are classified as securities. Then goes Brazil, just like Turkey with its banks and corruption, suffering from inflation. Brazil accounts for 18% of the world’s cryptocurrency adoption. In Brazil, cryptocurrency usage is on the rise now. Minasul, a well-known Brazil’s coffee bean cooperative, plans to launch a blockchain-based digital coin called “Coffeecoin” backed by coffee supplies. This coin will enable Brazil farmers to purchase different sorts of farming and non-farming products.

Among crypto-friendly places, it’s also important to mention Argentina, where cryptocurrency is very popular across the country as well. Today Argentina is in third place with 16% of the world’s cryptocurrency adoption. The reason is the frequent crises that the country went through. Local companies, attentive to the crypto adoption boom, have carried out trade based on digital currencies (BTC and others). Crypto is accepted as payment in Recoleta Urban Mall, Walmart Supermarkets (in the branches of Av. Constituyentes in Capital, La Plata, Avellaneda, San Fernando, and Pilar), Chango Más, in Tigre, Bitcoin Argentina Foundation (Microcentro).

Benefits of Crypto Adoption?

With the help of crypto, millions of people save their money, invest, start a business, realize their dreams. There is no doubt that Blockchain is used to improve the quality of people’s lives, especially in third world countries by reducing fees, corruption level, which are some of the most important problems of struggling nations. Crypto assets replenish crippled economies by giving people an opportunity to trade irrespective of the economic situation of a country.

It’s also, needless to say, that crypto improves developing countries through the promotion of transparency, reduction of transaction costs. Moreover, with crypto people won’t need to rely on fiat which can be simply stolen, lost, or demolished by banks.

Crypto is for freedom. It might be a good chance to change the world.

What do you think about cryptocurrency adoption? Will it be mainstream in the near future?
Let us know in the comments.

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Author: changehero
September 5, 2019

The people of the 21st century are living in a flamboyant society and rapidly growing tech world. Since then, the world-wide system was invented for storing, processing and transmitting information, more and more innovations were breaking into our daily life. What is the reason? To make your life easier! And the first cryptocurrency was brought […]

The people of the 21st century are living in a flamboyant society and rapidly growing tech world. Since then, the world-wide system was invented for storing, processing and transmitting information, more and more innovations were breaking into our daily life. What is the reason? To make your life easier! And the first cryptocurrency was brought into being with the same purpose — to simplify your daily payment system! So, if you have Bitcoin or any other crypto and an unrestrained wish to encounter new lands and spaces, you can embark on a tremendous journey — Crypto traveling.

Nowadays the capacity of cryptocurrency took a new level and brought a Big Boom into every field of our life. You can travel without borders, pay for your favourite services and even buy a cup of coffee in the restaurant.

Mass-adopted Currency

What can I do with Crypto?

Crypto gives you the freedom to move your money any way you want. Grab a bottle of milk, coffee, Lamborghini, split a check, pay your phone bill, buy a ticket to sunny Brisbane. You can move your money from everywhere to anyone instantly.

The mass adoption of cryptocurrency has already become a fait accompli. There are more than 2000 cryptocurrencies in the world market. Moreover, in the last three-four years, a great number of projects started accepting payment in Bitcoins, Ethereum, Tron, Dash, Litecoin and other popular cryptocurrencies. Among the best known are companies that accept crypto are Namecheap, KFC Canada, Microsoft, Subway, Zynga (mobile gaming), Shopify, Bloomberg. Even Pornhub. No, we’re not kidding.

Speaking about traveling with digital currency, you can use your crypto for buying tickets to travel, pay for a place to stay, eating-out, renting a car, entertainment, etc.

In a nutshell, with cryptocurrency, you can go all over the world empty-handed and pay for the lion’s share of services using digital money without local cash troubles. No more hassles of carrying the banknotes and coins! No more bending over backwards to find the solution when it’s always on your phone.

So first things first.

Buying Tavel Tickets with Crypto

As we’ve already said, it won’t be red tape to start your first Crypto trip by booking tickets, using crypto transactions. You can simply pay with BTC and other popular cryptocurrencies and board the flight. CheapAir.com is a popular service that makes buying airline tickets with crypto without taking pains. TravelbyBit caught the attention of travel and crypto enthusiasts with its unique offerings.

Here are some other platforms, which are useful for buying an affordable ticket with crypto:Destinia.com, ABitSky.com, Peach Aviation, Fuzzy. But if you are keen on space exploration and price doesn’t matter to you, welcome to Sir Richard Branson’s company Virgin Galactic which accepts crypto payments.

Though the mentioned crypto travel services are not on par with the traditional travel booking platforms like Aviasales, by using them be sure you are making a great contribution to the future of crypto adoption.

Next step is:

Finding a Room

“Travel the globe. Pay with crypto” says CryptoCribs, an accommodation booking platform. For the record, Cryptocribs allows travelers to pay in Bitcoin (BTC), Bitcoin Cash (BCH) or Ethereum (ETH) for short-term apartment and loft rentals. Their aim is to provide a peer-to-peer solution to the trust problem inherent in renting out apartments to strangers around the world. Cryptocribs is a real home for all crypto enthusiasts.

Cryptocribs user interface

For saving a lot of money with your booking a hotel, welcome to Travala.com. “Amazing and simple. Cool to travel with my Crypto. Great company” — one of the Travala.com’s glowing reviews says. In addition, Travala.com operates in many continents like Europe, Asia, North and South America, Oceania, Africa. Another good place for hotel booking is Expedia. Don’t forget about The 99Flats, which is crypto-friendly too.

What about Having a Snack?

While traveling in a foreign country it might be a real challenge to find a proper cafe for eating out. There are not so many restaurants accepting crypto money. CoinMap will help you to find the local cafes (like Subway, which claims to be okay with crypto in some places) ready to take your cryptocurrency. With PizzaforCoins, you can enjoy your favourite food from major chains such as Domino’s, Pizza Hut and Papa John’s. Takeaway.com accepts cryptocurrency on some of the platforms it owns in Europe. One of them is Germany’s largest food delivery portal, Lieferando, which works with more than 11,000 restaurants, added bitcoin (BTC) and Bitcoin Cash (BCH) to its payment options. Be confident with these services you won’t be taken out of guard! Even if your journey is off the beaten track.

Have fun with crypto. Why not?

Put your mind to Cool Cousin, a new version of the crypto agency. With its crypto tokens, it helps travelers narrow down the local activities’ search process with on-demand guidance that fits their unique needs. With the Cool Cousin app, you’re just two taps away from getting personalized recommendations from a local you can trust.

In case you’re an avid shopper always looking for purchasing unique things, CoinMap also has some stores for souvenirs and gifts. As shown above, crypto traveling is both fun and challenging. If you feel so enthusiastic about crypto traveling, be sure, you’re not alone. Crypto fever has spread all over the world.

The Crypto Travel Community

Besides the enormous number of startup companies working to make travelers’ lives easier, there are many crypto enthusiasts trying to improve key aspects of the travel ecosystem.

Some of these pioneers live in one of the world’s “crypto-friendly” cities — Agnes Water, in Australia. This city is famous for its crypto payment system, which has been orchestrated by TravelbyBit, a travel agency dedicated to the crypto community. TravelbyBit introduced its online booking site earlier this year, which currently allows clients to book flights and hotels with BTC, LTC, and BNB.

 

In October last year, TravelbyBit partnered with the world’s largest cryptocurrency exchange, Binance, and has since continued to form partnerships with many well-known blockchain events, such as the Baltic HoneyBadger 2019 in Riga and the Lightning Conference 2019 in Berlin. The alliance between Binance and TravelbyBit is also planning to manufacture a global POS payment framework that will enable blockchain payments in airports around the world. That step seems to be very promising to the future of the travel industry.

TravelbyBit CEO Caleb Yeoh said, “The key thing we’re doing is allowing people to live completely on crypto if they want to.” The company had booked over $500,000 worth of airline bookings by June 2019 just months after the release of their online booking platform, indicating that crypto-adoption is on the rise.

ChangeHero reached out to Caleb Yeoh to provide you with some insights about crypto traveling.

ChangeHero: What do you think about the future of crypto traveling?

Caleb Yeoh: There are many benefits to traveling with crypto. The most significant of these, when compared with traditional payments, is that it reduces credit card fraud. Because of this, many of our hotels offer better prices if you pay in crypto, which allows us to distribute these prices back to travelers in the form of bitcoin rewards. But this is just the beginning; most people are still learning about what crypto is and how to use it, but what we are finding at the moment is that, on our website, around half of our customers are actually paying with fiat money and earning rewards in bitcoin. With this incentive, we hope to introduce more people to crypto.

ChangeHero: Have you got any advice for crypto travelers?

Caleb Yeoh: We would like to thank the crypto travelers who have supported us so far, as most people are still using crypto as a speculative investment. These travelers are early adopters who are paving the way for others. If it wasn’t for their support, none of this infrastructure would ever be built. We’re grateful to our community and we hope more people will follow in their footsteps toward genuine crypto adoption.

ChangeHero: Could you recommend any other crypto-accepted services?

Caleb Yeoh: We work with hundreds of merchants in Australia to enable crypto payments at the point of sale (map). These businesses have been wonderful supporters of ours and have helped us bring our vision of crypto adoption to life. To support merchants that accept Bitcoin Lightning payments outside of Australia, see the merchant map on the Wallet of Satoshi by downloading the app here.

TravelbyBit Merchant map in Australia
TravelbyBit Merchants

ChangeHero: Which country do you find the most successful in crypto traveling?

Caleb Yeoh: We have pockets of supporters all over the world and provide everyone with the freedom to book their travels anywhere they wish. There’s no one country that stands out when it comes to crypto traveling. Crypto is border-less and global; that’s exactly what it was designed to be and that’s exactly the type of service we want to offer to travellers all over the world.

From our interaction with TravelbyBit, it is evident that the masses are leaning towards crypto for traveling. Acceptance of crypto by merchants across the country also cues that mass adoption could happen in the future, and TravelbyBit is functioning as the catalyst in this process.

Here are some other enthusiasts enjoying traveling with crypto.

The Bitcoin Family, a family of five members, who sold all their belongings for bitcoin, has started traveling around the world with just cryptocurrency. Their aim is to spread the word and educate people about the fundamentals of Blockchain & Bitcoin.

There is another group of enthusiasts who also use digital currency for traveling solely. We might call them the “Crypto nomads”. Being a crypto nomad you balance work and life with a free-spirit. Consequently, the crypto nomad community is growing stronger and stronger year after year Miami has become a paradise for the crypto nomads, where they live free lifestyle dream no strings attached.

Crypto traveling is not just the industry. It is a unique opportunity to communicate with like-minded people, which is our new possibility of changing the world. TravelbyBit is a shining example that is striving for the mass adoption of crypto in everyday life and ChangeHero believes that TravelbyBit is in the right direction.

Ready to experience crypto traveling, but still worrying about your digital security?

Be sure, with ChangeHero you gonna know all the ropes! We are the platform for easy and anonymous instant exchange of cryptocurrency, you can swap crypto safely from anywhere at best rates.

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So, where do you wanna fly using crypto? Let us know in the comments below.


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