Opera, a technology company developing the world's first Web3-native browser, has launched multichain compatibility with Bitcoin, Solana, and Polygon, among other blockchains through its Crypto Browser project initiative.
With the release of this update, Opera users may now access decentralized ecosystems from Polygon and Solana dApps, and also open access to Layer 2 decentralized finance (DeFi) protocols. This is enabled through DeversiFi, a platform powered by StarkWare, a blockchain scaling solution. Aside from the integrations for Bitcoin, Solana, and Polygon, Opera's multichain will also be compatible with StarkEx, Ronin, Celo, Nervos, and IXO.
According to Opera, the initiative aims to ease the introduction of Web3 to its over 380 million users worldwide who access the browser from both mobile and desktop builds. With this update, Opera users may now access Web3 and gain support for crypto exchanges and NFT marketplaces, as well as decentralized applications. The browser now also features a built-in non-custodial crypto wallet.
"Ever since we started in the Web3 space in 2018, we’ve been sealing partnerships with the most popular and cutting edge blockchains and web3 domain name providers in order to accelerate crypto’s evolution from proof of concept towards mass adoption," shares Jorgen Arnesen, EVP Mobile at Opera.
Opera says that the intention behind this multichain integration was to introduce and ensure blockchain agnosticism and commit to supporting Web3 development and access through an environment-friendly way.
"Ultimately, Web3 is on its way to becoming a mainstream web technology and users won’t need to know they’re interacting with it. They need to get a superior user experience and a true benefit," Arnesen explained.
Opera launched the Crypto Browser initiative earlier in January this year, with a focus on Web3 integrations that would help facilitate user experiences across a wide range of decentralized applications (dApps), games, as well as metaverse platforms. Opera has since added support for the aforementioned blockchain protocols, with plans on adding more protocols in the future for wider multichain interoperability.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
OpenSea has finally confirmed that it will add Solana NFTs to its platform. The confirmation came in the form of a teaser video posted on the official Twitter account of the NFT marketplace.
The video showed several community requests for Solana NFTs and was captioned “The best-kept secret in web3.”
But the secret isn’t so well kept, given that we reported about the possible integration as far back as January. OpenSea, at the time, failed to confirm the story saying that it would only comment when it had information for its community.
While the marketplace did not release a specific date for the integration, there are speculations that the Solana feature could be available as early as April.
Adding support for Solana will make the network the third layer-1 blockchain on OpenSea. The others are Ethereum, Klatyn, and Layer-2 network Polygon.
Why OpenSea had to support Solana NFTs
The decision to add Solana isn’t entirely surprising considering its position within the NFT space. Solana is second to Ethereum in terms of all-time NFT sales, with a market cap of $1.5 billion for all of its collections.
The Solana NFT space has grown significantly since last summer, with some popular NFT collections like Degenerate Ape Academy, Aurory, and Solana Monkey Business being built on the network.
Aside from that, the current fact that the Solana network offers a cheaper and faster transaction alternative to Ethereum has made it one of the biggest rivals of the second largest crypto asset by market cap.
For OpenSea, the move is coming at the right time because more competitors are beginning to emerge within the space. The highly anticipated Coinbase NFT marketplace, alongside the FTX marketplace, has taken the focus away from OpenSea.
Also, OpenSea’s current litany of exploits has raised questions about if the marketplace is safe for users. So, supporting a new blockchain could help the network cement its position as a market leader in the NFT space.
Magic Eden welcomes competition
On the other hand, the leading marketplace for Solana NFTs, Magic Eden, which accounted for 80% of Solana NFT sales in the past month, would face new competition from a more established rival.
bring it
— Magic Eden Solana's Leading NFT Marketplace (@MagicEden) March 29, 2022
This means that Magic Eden could lose its domination of the Solana NFT space to OpenSea, considering the stature of the new entrant. However, Magic Eden appears to be relishing the competition for the soul of the space considering its 2% transaction fee is 50 basis points lower than that of OpenSea.
SynFutures, a decentralized derivatives exchange, today has officially extended support for the Arbitrum network following an initial deployment in September of last year. The expansion allows users to access and trade a wide variety of Arbitrum assets in a fully decentralized and permissionless manner.
To expand support for Arbitrum assets, SynFutures integrated with SushiSwap’s price feed oracle to bring real-time data to its platform. SushiSwap, which deployed on Arbitrum last year, is now one of the network’s most active decentralized exchanges.
Users can currently list and trade futures contracts on any Arbitrum asset available from SushiSwap. Relying on third-party oracle data to provide accurate pricing information for a given asset, the new expansion gives users new opportunities to create arbitrage and hedge risk on Arbitrum with derivatives.
“We want to empower all communities to list and trade any asset they desire on any network. By integrating with SushiSwap’s price feed, we’re making it easier for our users to list Arbitrum assets and create more trading opportunities.” – Rachel Lin, Co-Founder & CEO at SynFutures
With the SushiSwap connection, SynFutures has already listed seven new Arbitrum pairs for trading:
ETH/USDC
CRV/ETH
LINK/ETH,
MAGIC/ETH
DPX/ETH
STRP/USDC
SPELL/ETH
Previously, BTC/USDC was the only Arbitrum trading pair offered on SynFutures.
The integration marks SynFutures’ official expansion within the Arbitrum ecosystem and comes as the exchange sees continued growth on other blockchains like Ethereum, Polygon, and BNB.
In less than five months since its public beta launch, SynFutures has already surpassed more than $4 billion in cumulative trading volume and 56,000 users.
Lin added, “SynFutures diving deeper into the Arbitrum ecosystem expands on our vision to make derivatives trading more accessible. With expanded support for Arbitrum assets, we’re excited to replicate some of our existing success on what we believe to be one of the most promising layer-2 ecosystems.”
SIMBA Chain, a chain-agnostic API development platform, today has announced that it will integrate with Polygon, the popular platform for Ethereum scaling and infrastructure development, in efforts to further enhance Web3 adoption and development.
To date, SIMBA Chain and Polygon have independently served as technology platforms enabling scalable blockchain connectivity among centralized and decentralized entities.
Polygon’s collaboration with SIMBA Chain on a variety of decentralized business use-cases will offer both ecosystems an expanded network of infrastructure, resources, and support.
Both SIMBA Chain and Polygon aim to lower the entry barriers of decentralized app development to non-crypto users and open doors for more businesses to engage in Web3.
“By working with Polygon, SIMBA Chain is able to offer customers innovative blockchain solutions with the requirements and expectations they have of any enterprise tech stack – and still leverage the benefits of Ethereum’s market.” – Bryan Ritchie, CEO of SIMBA Chain
Polygon + SIMBA Chain
SIMBA Chain will utilize Polygon’s full-stack scaling solution as the go-to infrastructure on which to build and run custom, white-label NFT marketplaces for their customers.
A variety of brands, ranging from entertainment and sports to institutionalized entities, have already approached SIMBA, seeking cost-effective, low-to-no code, NFT solutions.
While SIMBA Chain thus far has been able to successfully provide customers with those solutions, its integration with Polygon will greatly propel the efficiency and effectiveness of each new and existing white-labeled marketplace.
Outside of the white-label NFT marketplace development, SIMBA and Polygon will also seek to market and widely integrate SIMBA’s metadata registry bridge (MDR), with aim of enhancing secure digital asset custody solutions through widespread interoperability.
In addition to Polygon, SIMBA Chain also supports Ethereum, Quorum, Stellar, RSK, Binance, Avalanche, Hyperledger Fabric, and Hyperledger Sawtooth, amongst other protocols, and will continue to expand multichain decentralized App development capabilities.
Coming up on March 24th, SIMBA Chain is hosting a webinar called ‘Considerations for choosing an NFT marketplace’ those interested can register here.
Today, the team of DeFi platform FlashLoans, announced the launch of its new app that enables users without knowledge of Solidity to execute a flash loan and profit from arbitrage opportunities.
The DeFi tool aims to ensure market discrepancies and premiums paid for certain tokens on digital asset exchanges are eliminated.
FlashLoans has been designed so that anyone with a Web 3.0 wallet can connect to the platform and gain access to the liquidity needed to execute profitable arbitrage trades.
“All too often the DeFi sector has built products for engineers or technology specialists without taking into account the complexity of the user experience. FlashLoans aims to solve the real problem of exchange premiums and asset inequalities by providing the tools for anyone to engage with DeFi and execute arbitrage opportunities to create a fairer more level trading ecosystem.” – David Pedrini, Founder, FlashLoans.com
FlashLoans App
Trades can be researched using the DeFi analytics tool featured on the website. Instead of researching individual exchange websites, members can view real-time aggregated data for trading opportunities.
Further, the app offers a variety of options to begin building a Flash loan-backed trade… This includes liquidity suppliers, exchanges, and DeFi lending sites (for self-liquidating a loan position). Once configured, users can then select from a list of tokens that they wish to trade between.
Lastly, depending on their membership level, the community’s token holders are rewarded with reduced fees, access to arbitrage analytics, and insights accompanied by automated trading tools.
Hex Trust, an Asia-based digital asset custodian licensed in Hong Kong and Singapore with over USD $5 billion in assets under custody, has announced the close of its Series B funding round of USD $88 million.
This funding round was co-led by Animoca Brands and Liberty City Ventures.
Participants in the Series B round included Ripple, Terra, Morgan Creek, Primavera Venture Partners, LeadBlock Partners, Eterna Capital, Sino Global Capital, Topaz, and Adrian Cheng (CEO of Hong Kong real estate company New World Development).
Several blockchain companies also participated in the round including BlockFi, CoinList, Protocol Labs, Pulsar Trading, and Wintermute. Previous investors also participated in the round including QBN Capital, Kenetic Capital, HashKey Capital, Fenbushi Capital, Radiant Ventures, and Cell Rising.
Clifford Chance served as Hex Trust’s legal advisor and Imperii Partners served as the financial advisor.
The round includes USD $61 million of primary capital and USD $27 million from secondary investors.
Important goals for the new funding will be to scale to Europe and the Middle East, obtain additional licenses, continue the development of Hex Safe, the company’s proprietary crypto platform, and further enhance new business services such as financing and structured solutions. Currently, Hex Trust has over 100 employees across offices in Hong Kong, Singapore, and Vietnam.
“It was a tremendous year of growth for Hex Trust and this funding round enables us to continue scaling and become a global leader in digital asset custody. As large institutions continue adopting digital assets at an increased pace, they need fully licensed custody services to meet compliance and regulatory standards. Our mission at Hex Trust remains the same: to stay ahead of the curve in terms of licensing and compliance, integrating the latest developments such as new protocols, DeFi, NFTs, GameFi, and the metaverse, and providing innovative services and financing solutions to enable our clients to monetize digital assets held in custody with us.” – Alessio Quaglini, CEO & Co-Founder of Hex Trust
In March 2021, Hex Trust became the first custodian to offer fully licensed support of NFTs and also announced a joint venture with Animoca Brands in November 2021 to provide ultra-secure digital asset wallets and financial services for online gamers.
Soon, Fireblocks’ clients that leverage its all-in-one blockchain platform to send, receive, custody, or stake crypto-assets will have access to the XDC token.
In 2021, XDC Network became the only blockchain project to date to join the Trade Finance Distribution Initiative (TFDi) – a consortium of leading banks, credit insurers, trade originators, and institutional funders – to increase transparency and fuel automation techniques in the trade asset industry.
“Integration into the Fireblocks ecosystem is likely to fuel the next wave of access and awareness for the XDC Network. Trade finance is an increasingly attractive asset class for institutional investors, and we anticipate more growth to come as institutions seek to benefit from the EVM-compatible XDC Network, which has both a hyper scalable infrastructure and near-zero gas fees.” – Atul Khekade, the Co-Founder of XDC Network
Although Alchemy Pay isn’t one of the top 30 cryptocurrencies in the world by market cap, it still has proven to be a good investment and an interesting project with bright prospects. The future of ACH and Alchemy Pay will depend on how the network will develop further on and whether its fundamental value will be enough to overcome the challenges that all cryptocurrencies have to face — namely, volatility, regulation, and intense competition.
At the moment, we can only make tentative Alchemy Pay price predictions to try and guess how the ACH price might behave in the future. This price prediction should not be seen as investment advice, but we still hope that our Alchemy Pay price forecast will help you decide whether ACH will be a solid addition to your portfolio or not.
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Alchemy Pay Fundamental Analysis
When it comes to crypto assets, fundamental analysis does not come up that often. Most of the time, cryptocurrency prices get set by the extreme volatility that is ever-present on the crypto market and by general trends. However, the fundamental value of an asset can influence its average price — while it’s not something day traders would be interested in, it can be useful for long-term investors.
In order to analyze the fundamental value of the ACH coin, let’s first take a look at what Alchemy Pay is all about. After all, a utility token is only as good as the project it serves.
What Is Alchemy Pay?
Alchemy Pay is a hybrid cryptocurrency payments platform aiming to be the bridge that connects the crypto and the fiat worlds. It offers C2B and B2B online and offline crypto and fiat payment gateways. In short, Alchemy Pay provides investors with a way to use their crypto coins when purchasing stuff both off- and online.
Alchemy Pay’s list of partners is already impressive: they currently operate in over 70 countries and work with platforms like Binance, Shopify, Gemini, and many more. However, it should be noted that the market of crypto payment gateways is fairly saturated and rather competitive.
Alchemy Pay offers some features that not many other similar platforms can boast, but the question is: Does it matter? In the crypto industry, marketing and PR often matter a lot more than the actual functionality of different platforms, and many innovative projects never take off simply due to a lack of luck.
That said, we do believe that Alchemy Pay has what it takes to succeed. They are taking substantial steps to realize their ambitions of promoting mass adoption not only by partnering with crypto companies but also with banks, merchant networks, and payment channels like PayPal. Additionally, Alchemy Pay’s social media accounts all seem to be well-managed, so they are clearly not lacking in the marketing department.
ACH Token Fundamental Value
Being an ERC-20 token, ACH is the native utility token of the Alchemy Pay network that is used to facilitate all operations on the platform. ACH tokens are rewarded, pledged, and paid as fees for all transactions on the network.
The Alchemy Pay cryptocurrency has some tangible value and is used to operate a successful project that keeps on announcing new interesting partnerships. Because of this, many experts consider ACH to be an undervalued asset and think that its fundamental value is higher than its current price of $0.04.
You can buy Alchemy Pay at great rates and with low fees on our instant exchange platform Changelly.
At the time of writing, all technical analysis platforms were unanimously giving Alchemy Pay a “Buy” signal. However, things can change quite rapidly: just a few days ago, all of the most popular technical indicators were showing a “Strong Sell” signal instead. That rapid exchange of bearish and bullish trends is promising: it means there is a potential profit to be made from all the price changes.
Here’s the result of TradingView’s ACH technical analysis based on the current price of Alchemy Pay.
The most notable thing about Alchemy Pay’s price is how it has steadily continued to go down ever since the spike caused by the Coinbase listing. That could be a worrying sign: most cryptocurrencies with actual value manage to increase their average prices as time goes by.
Source: CoinMarketCap
Additionally, the maximum and minimum prices that ACH is capable of achieving have also been going down. This makes it seem like instead of a correction, we are witnessing a slow burnout of ACH investors and an increasing lack of interest in this token.
The huge news could still turn the situation around and reverse the current bearish trend. However, that news will have to be truly massive not only to cause a spike but also to cause the average price of Alchemy Pay to start going up. At the moment, we do not think that is likely to happen in 2022.
Although the average price of the Alchemy Pay coin may be in decline throughout most of the year, we may see a bullish trend reversal in December. ACH may even reach a maximum value of up to $0.08. However, we think that its average price by the end of 2022 will not be that different from the one we witness today — $0.035.
Alchemy Pay (ACH) March 2022
Our current short-term ACH price forecast is bearish. While technical analysis shows some bullish signals, we do not think they will last long. The token did not manage to capitalize on the brief spikes that overtook the crypto market in February and at the beginning of March.
At the moment, we expect ACH to hit a maximum price of up to $0.05 in March but to continue with its slow overall decline. We may even see a minimum price of $0.031 or lower.
Alchemy Pay (ACH) April 2022
According to our Alchemy Pay price prediction for April 2022, we may see ACH rise by the end of the month. The minimum price of ACH in April may be as low as $0.03, and the maximum price is currently expected to be around $0.07.
Alchemy Pay (ACH) May 2022
At present, our ACH forecast for May 2022 is bearish. As we have already mentioned, we expect the ACH price to continue declining in the next few months. The average price of Alchemy Pay may go down to $0.03.
Alchemy Pay (ACH) June 2022
Although we generally expect the cryptocurrency market to recuperate and begin rising in June 2022, we do not see Alchemy Pay following suit. Our Alchemy Pay price prediction for June 2022 is still bearish — we think the token will stay in the $0.025-0.035 range, and its minimum price may even go as low as $0.02.
Alchemy Pay Price Prediction for 2023
In their Alchemy Pay forecast, Wallet Investor expects the ACH price to double in one year — they are predicting that Alchemy Pay will hit $0.088 in March of next year. While we agree that there is a chance the ACH price may finally begin to rise in 2023, we doubt its maximum value can reach anywhere near $0.1 as W.I. thinks it will.
At the moment, we expect the Alchemy Pay price to average out at around $0.07 in 2023, with highs at approximately $0.09 and lows at $0.04 and less.
Alchemy Pay Price Prediction for 2024
Alchemy Pay’s fate will most likely be determined in two years — that’s when we’ll see if it’s a coin that can survive in the crypto world by consistently forging meaningful partnerships or yet another failed utility token.
We think that this project is promising, so we can see it having positive price dynamics in the future. According to our long-term Alchemy Pay price prediction, 2024 may be the year when the ACH/USD price finally begins to rise and develops an upward trend. The ACH price may even cross over the $0.1 line and reach an average of $0.095.
Alchemy Pay Price Prediction for 2025
According to our Alchemy Pay price prediction, the coin’s price might triple in value in 2025 compared to its current price. We think that an average of $0.12 is very likely, and ACH may even reach a maximum price of $0.2.
What Will Alchemy Pay Be Worth in 2025?
We assume that Alchemy Pay’s price may equal $0.12 in 2025.
Alchemy Pay Price Prediction for 2030
There are many Alchemy Pay price predictions for 2030, but we would advise you against believing them. Any ACH forecast for such a distant future is bound to be pure guesswork. The token may hit $1 or collapse to zero — there’s just no way to tell.
Alchemy Pay’s price will greatly depend on how regulators approach crypto payments. Crypto gateways like this platform may become obsolete in five years. In that case, ACH will lose all of its value. According to our Alchemy Pay forecast, this token seems to be a better short-term speculative asset than a stable long-term investment. However, please do your own research before investing or trading it.
Can Alchemy Pay Hit $1?
If ACH’s average price continues to decline at the rate it does now, we are unlikely to see Alchemy Pay price rise up to $1 in the near future — or ever.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
Renowned professional tennis player and activist Naomi Osaka has become the latest prominent sports figure to enter into a long-term partnership with cryptocurrency exchange FTX in order to “increase access and opportunity for women in crypto.”
According to a press release published on March 21, Osaka will become a “comprehensive partner” of FTX and will be wearing the exchange’s logo during competitions, starting with the Miami Open, as well as producing “content aimed at young women.”
A four-time Grand Slam champion, @naomiosaka is changing the game on and off the court. We’re incredibly proud to call her our newest partner!
Notably, she will also get an equity stake in FTX Trading Limited and will be receiving compensation in crypto, the release added.
“We have seen the statistics about how few women are part of crypto by comparison, which kind of mirrors the inequality we see in other financial markets,” Osaka said in the announcement.
“Cryptocurrencies started with the goal of being accessible to everyone and breaking down barriers to entry. I’m excited to partner with FTX to get back to that mission and to innovate on new ways to reach more people and further democratize the space.”
Not slowing down
With Osaka becoming one of the first major female professional athletes to team up with FTX, the exchange’s sports partnership history continues to gradually grow even more impressive.
As CryptoSlate reported, FTX partnered with Stephen Curry, one of the biggest stars in basketball, last September. As the exchange’s global ambassador, he also received an equity stake in FTX Trading Limited.
Prior to that, the platform teamed up with Ρelebrity couple Tom Brady and Gisele BΓΌndchen in June 2021, offering them similar conditions.
“Tom and Gisele are both legends and they both reached the pinnacle of what they do,” Sam Bankman-Fried, the founder and chief executive officer of FTX, told Bloomberg at the time. “When we think about what FTX represents, we want to be the best product that is out there.”
Not to mention $135 million FTX paid for the Miami Heat stadium’s naming rights. The platform also became the “official crypto exchange” of Major League Baseball last June.
The presence of FOMO is pretty much the only predictable characteristic of the incredibly volatile crypto market. Every time a coin or a token moons, the community gets divided into two groups: those who managed to profit from the price spike and those who wish they did.
FOMO drives many people to make rash decisions, such as investing in a shitcoin that can crash right after they purchase it. However, Bitcoin is not as risky as your average run-of-the-mill coins and tokens — it is a lot more stable and has companies and institutional investors backing it up. Additionally, it leaves a lot of people wondering — what could’ve happened if I had invested in Bitcoin yesterday, last month, or three years ago?
So, what might happen if you invest $100 in Bitcoin today? Well, you might luck out and make a 100% profit in just a few days, or you may sell your coins at the wrong time and lose your $100. The size of your profit (or loss) will depend not only on the unpredictable crypto market and BTC price but also on your capabilities as an investor.
Some Questions You Should Ask Yourself Before Investing in BTC
While $100 may not seem like a lot, there are still a few things you should consider before investing in Bitcoin.
First of all, make sure you understand what Bitcoin is and what determines its value. This is essential for being able to anticipate its price movements. Don’t invest in BTC just because it’s the new cool thing to do — you stand to lose a lot of money that way.
To understand whether you’re just satisfying your FOMO or are genuinely interested in BTC, answer the following questions:
Why didn’t I buy it earlier when Bitcoin was cheaper?
Why am I buying it — to hodl or to make a quick buck?
If it’s the latter, then why do I think I will be able to sell it later at a higher price?
Am I OK with the risk? Can I afford to lose all the money that I’m going to invest in Bitcoin?
Your answers to these questions should help you to understand whether you should invest in Bitcoin or not.
Additionally, we would advise against investing in Bitcoin or crypto in general if you are prone to falling for gambling traps. The crypto market is highly speculative, and its high-risk, high-reward nature can easily suck in people who are vulnerable to a gambling addiction, causing them to lose all of their Bitcoin investments in just a few hours. Please remember to be careful.
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What Is Bitcoin?
Let’s be honest — as the most popular cryptocurrency and a technological phenomenon, Bitcoin probably doesn’t need an introduction at this point.
“Bitcoin” is a word that most people have heard at least once. It is a decentralized digital currency that was created back in January 2009 by an individual (or a group of individuals) that goes by the name of “Satoshi Nakamoto.”
Bitcoin promises its users a wide range of different benefits, such as anonymity, low transaction fees, genuine cross-border payments that are not reliant on politics, and so on. It revolutionized the financial world and spearheaded the creation and development of the crypto industry and the crypto market.
As more organizations start to accept Bitcoin officially and average users learn more about it, there is a chance BTC will become a mainstream currency. The more Bitcoin believers are there, the higher the chances are that Bitcoin’s price stabilizes.
What Makes Bitcoin Valuable?
Unlike fiat currencies, Bitcoin is not given value by governments, and it is not widely used in retail (at least, not yet). However, it does have its use cases, and its underlying technology, blockchain, is currently revolutionizing a wide range of various industries.
Like any other currency, Bitcoin can be used as a medium of exchange and a store of value, but currently, these are not its primary use cases. Bitcoin’s value is mostly derived from what people are willing to pay for it and is driven by its scarce supply and increasing demand.
As a result, it can be quite hard to predict its price, and Bitcoin ends up depending a lot on the general attitude of the market. As we have seen before, many Bitcoin holders are prone to panic and have “weak hands,” meaning they tend to sell off their coins when the BTC price starts to decline, driving the value of the asset lower.
Is It Smart to Invest in BTC Right Now?
Bitcoin’s price has been declining for the past few weeks. It lost almost 20% of its value in the past seven days, so it’s safe to say that we’re in the middle of a bear market.
Source: coinmarketcap.com
Market data shows that Bitcoin’s price will likely continue to fall in the near future. Most experts are predicting that it will find a support level at $30K, but we think it’s possible the cryptocurrency will go even further down. After all, we’re currently in the middle of one of the worst bear markets in recent years.
It is always better to invest in an asset when its value is going down; however, it can be hard to find the best entry point. What if you buy a hundred Bitcoins today at the price of $33K, but tomorrow (or a week later), it drops to $25K? Well, at the end of the day, it’s important to remember that trying to predict and outsmart the market will always be a gamble.
Technical analysis from TradingView is currently giving Bitcoin a “sell” signal, so its price will likely continue to decline. That said, we recommend you to DYOR before making any Bitcoin transactions.
Is $100 Enough to Invest in Bitcoin?
Whether $100 is enough or not depends on your end goal. If you want to reap enormous gains, then $100 might not be enough. But if your goal is simply to get some profit or to jump onto the Bitcoin train, then it is more than sufficient.
Can Investing $100 in Bitcoin Make You Wealthy?
Well, it depends on how much Bitcoin will rise in the future and when you’re going to sell it.
For example, if you had bought $100 worth of BTC when the price of a single Bitcoin was $40K and later sold it when it hit $60K, you would’ve made a $50 profit. However, if you had instead bought $100 worth of BTC back when it was $1,000, you could’ve made $5,900.
Usually, when people invest low amounts, such as $100, they just reinvest their profit into their asset of choice instead of cashing out. Bitcoin is no longer at that stage where you can make millions of dollars by investing as little as $10 in it — if that’s what you’re after, you will be better off betting on the success of random shitcoins.
If you invested $100 in Bitcoin last week, when it was around $42K, it would’ve to go up to roughly $417 million for you to make one million dollars off the sale.
However, there’s another way to become wealthy by investing as little as $100 in Bitcoin: doing it on a regular basis, just like how you’d top up your savings account.
Can You Lose Money on Bitcoin?
There are many ways in which you can lose money by trading or investing in Bitcoin. Firstly, you may sell it at an inopportune moment and lose your initial investment. Secondly, your wallet may be stolen, or you might lose access to it. Thirdly, you may run into a scam… And the list goes on.
Spoiler alert: it’s hard to refund crypto and Bitcoin transactions, so make sure to double-check all info you enter when making a purchase!
We give a few general tips on how to not lose your money while exchanging crypto in our article on refunds.
How Can a Beginner Invest in Bitcoin?
It’s as easy to purchase Bitcoin as it is to buy anything else online! There are tons of great services that offer user-friendly and hassle-free ways of purchasing Bitcoin and other digital currencies. Make sure to choose a cryptocurrency exchange that will keep your personal data safe (or doesn’t ask for it at all) and has a favorable exchange rate.
You can check out our guide on how to buy Bitcoin here.
Should You Buy Bitcoin Today?
Ultimately, it’s up to you whether investing $100 in Bitcoin is worth it or not. If it’s a one-time investment and you just want to try crypto out, we would recommend going with a lower amount since you can’t profit much from $100 anyway.
However, if that $100 is a part of an investment plan, or if you want to hodl that Bitcoin for years to come, then it might be worth it.
If you want to make huge immediate profits, then trading might be a better fit for you. You can trade Bitcoin or go for one of the smaller cryptocurrencies that tend to have more drastic price movements. We would advise against mining Bitcoin — unless you already have all the necessary equipment, it is unlikely to be profitable.
So, What Is Going to Happen If I Invest $100 in Bitcoin Today?
While cryptocurrency values are notoriously hard to predict, at this point, most mainstream investors and Bitcoin evangelists believe it will always eventually bounce back and conquer new highs.
If Bitcoin’s price skyrockets this year, then you will be able to multiply your investment tenfold. A hundred dollars is not a large sum, and as long as you invest $100 in Bitcoin and not a dollar more (or, at least, not a much more significant amount), then you won’t have to worry too much about losing your money. Of course, if $100 is a large sum of money for you and you cannot afford to gamble it away, you probably shouldn’t make such a speculative investment.
Final Thoughts
When contemplating investing in any asset, it is always a good idea to consider how it will fit into your existing portfolio. And if you don’t have one yet, consider what other assets — fiat currencies, precious metals, virtual currencies, and so on — you will have to buy up to mitigate the risk and achieve your profit goals. An easy way to make a foolproof portfolio is to invest in a high-risk, high-reward asset alongside gold or other precious metals.
Ultimately, whether you should buy a hundred Bitcoins right now depends on what you think about this coin and crypto in general and its future potential. Please note that the contents of this article should not be seen as financial advice. Good luck on your crypto journey!
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
SafeMoon coin entered the market only in spring 2021 and rushed to attract the attention of investors. The DeFi market has a new player to turn the decentralized sector, already known for its inconsistency, upside down. SAFEMOON is compared to DOGE, and it is said to be a new progressive altcoin. Let’s figure out what SafeMoon is and what to expect in its price prediction.
SafeMoon Crypto Overview
SafeMoon was launched on March 8. The project was built on the Binance Smart Chain network and is actually a BEP-20 token. The main goal of the creators is nothing but ‘mooning,’ which means soaring in price (which seems quite suspicious). The team behind SafeMoon aims to make a groundbreaking coin that is not affected by the valuation bubble burst and embrace a DeFi reflection and farming.
SafeMoon is a decentralized finance (DeFi) token. Its protocol includes three simple functions:
Reflection
Liquidity Pool (LP) acquisition
Burn
In the first quarter of 2021, the company introduced the SAFEMOON/DOGE trading pair on Bibipom exchange and began a legal paperwork process with Bitmart and Whitebit. Since March, the price of the asset has risen from $0.00000001 to $0.000005. However, the cryptocurrency market nature is speculative. But there is one fact.
The decentralized finance market is diverse – exchange, lending, insurance, etc. DEX exchanges are regulated by smart contracts. When smart contracts are posted on the network, users can examine them and start interacting with them. Until the developer changes the contract, the smart contract will conscientiously fulfill the intended tasks without the need for clients to provide identification data, open and replenish accounts, exchange funds, or withdraw money.
The key concept in DeFi is yield farming, which is equivalent to the bank’s percentage of the deposit. We have already explained what yield farming is in our article. Yield farming has an APY (annual percentage yield), which can reach even 5,000% per year.
With the rise in popularity of DeFi, many cryptocurrencies fall into the trap of high APY of LP farming as earlier buyers with higher rewards crowd them out. However, tokens almost always suffer from an imminent valuation bubble, followed by an explosion and an impending price collapse. The solution to this problem in SafeMoon is static rewards, which depend on the volume of the token being traded.
Reflection encourages holders to keep their tokens to obtain higher returns, which are percentage-based and dependent on the total number of tokens held by the owner.
Burning benefits only in the early stages. SafeMoon monitors the burning and announces the conditions and the number of tokens to be burnt. Burning is aimed at holders who are ready to invest in the project in the long term.
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SafeMoon Cryptocurrency Long Term Price Prediction
The developers’ plans are impressive. The team is architecting an NFT exchange, developing a video game integration, educational app, and charity platform. These are the plans only for 2021. If everything goes like clockwork, the coin can reach unprecedented heights along the same lines as the project.
SafeMoon Price Forecast: Authoritative Opinions
According to Capital.com, SafeMoon price today is really aimed at an upward trajectory. Next year, the exchange rate might go up to $0.00000221 and reach $0.00000703 by the end of 2025. Digital Coin Price source supposes SafeMoon price to reach $0.000002 by the end of 2021. In 2022, the price might slightly go up to $0.0000026422. By 2025 the SafeMoon price may touch $0.0000044709.
David Zeiler, the associate editor at Money Morning, claims that SafeMoon is nothing but a bubble that will burst soon: “My SafeMoon price prediction is that it will blow up and go to zero — and within a couple of years, will end up on the ever-growing heap of deadcoins.“
Well, only time will tell what SafeMoon is. We would like to advise you to DYOR before making any crypto purchase or investment, especially connected with such freshmen. Remember that the cryptocurrency market has a highly volatile nature.
SafeMoon Price Prediction 2022
According to crypto experts and analysts, the SafeMoon forecast has a tendency and, what is essential, a potential to grow and keep SafeMoon legit. However, they do not predict that these changes will happen rapidly. The table with the average possible SAFEMOON prices in 2022 is presented below. Also read which cryptocurrencies will grow in March 2022.
Jan 2022 $0.00000163
Feb 2022 $0.00000166
Mar 2022 $0.00000172
Apr 2022 $0.00000176
May 2022 $0.00000181
Jun 2022 $0.00000188
Jul 2022 $0.00000192
Aug 2022 $0.00000196
Sep 2022 $0.000002
Oct 2022 $0.00000206
Nov 2022 $0.00000214
Dec 2022 $0.00000221
SafeMoon Price Prediction 2023
After the surge that will probably occur in 2022, it is expected that the price of SafeMoon tokens might continue to grow in 2023. By the end of 2023, it could reach $$0.00000260.
SafeMoon Price Prediction 2024
SAFEMOON might resume the trade at $0.00000336 at the beginning of January 2024. The price might reach new heights if it manages to grab the attention of the new investors. The token might decline to $0.000002 if the crypto comes across supply pressure. By the end of 2024, the altcoin might be trading at $0.00000479.
SafeMoon Price Prediction 2025
Suppose the SafeMoon currency network becomes more user-friendly, and more investors understand the advantages of holding rather than selling. In that case, they will most likely join this network, which will lead to a significant price increase to $0.00000798 by the year 2025.
However, if the cryptocurrency falls under any rules that may appear in the years to come, there will be uncertainty, due to which the current price will fall to a low level of $0.000003 by the end of the next five years.
SafeMoon Coin Price Prediction 2030
Many crypto market analysts do not make long-term future SafeMoon price predictions as many factors can affect the SafeMoon currency forecast in the long term. Anyway, it is still possible to propose a SafeMoon coin price forecast according to the current data, technical analysis, and latest news. Thanks to the historical analysis data of the exchange rate, the experts assumed that in January 2030, the price of the SafeMoon coin might reach $0.000054.
Is SafeMoon a Good Investment?
The SafeMoon digital currency has certain advantages and disadvantages. On the one hand, its founders made a lot of efforts to ensure the currency’s stability. On the other hand, SafeMoon still shows significant price volatility, even despite the sale commission, which is aimed at preventing hodlers from selling their tokens.
All this means that SafeMoon can be a profitable investment enabling investors to get a good return — or significant losses. Investing in such a cryptocurrency requires knowledge, experience, attention, patience, and time. However, if everything is done correctly and with a bit of luck, you may earn a fortune on this currency. The main thing is not to spend all your retirement savings on this asset class investment!
Investing in cryptocurrency is not as scary as it might seem at the first glance. Exchange, sell and buy BTC and 350+ crypto assets with your credit or debit card, Apple Pay, and bank transfer on Changelly.
FAQ
In this section, we accumulated all the frequently asked questions concerning the SafeMoon token.
How to buy SafeMoon (SAFEMOON)?
SafeMoon is not traded on each and every exchange platform. You can exchange USDT for SAFEMOON on Gate.io, MXC.COM, BitMart, and WhiteBit exchanges. PancakeSwap exchange offers SAFEMOON/WBNB and SAFEMOON/BUSD swaps.
Yet, it’s currently impossible to buy SafeMoon on Changelly; however, you can buy USDT or exchange some crypto to swap it on another exchange.
Can SafeMoon reach $1?
The SafeMoon coin value may continue to grow due to shortages which tend to encourage the current price in the market to rise. Please note, any investing involves certain risks. Do your own research and invest wisely to obtain the most extensive possible result and conduct the best possible research.
What will SafeMoon be worth in 2022?
According to the SafeMoon price predictions and technical analysis, in 2022, the SAFEMOON price may cross the level of $0.000002, the expected minimum value of the price of SafeMoon currency by the end of 2022 may be at $0.0000021256. Moreover, SAFEMOON might reach the maximum price level of $0.0000068136.
What is the projection of SafeMoon?
In terms of future prices, the SafeMoon token has an outstanding potential to reach new heights. It is predicted that the cost of SAFEMOON will increase. According to the SafeMoon forecast by experts and business analysts, the SafeMoon coin can reach an all-time high price of $0.0000125 by 2030.
Is SafeMoon a long-term investment?
The SafeMoon currency is one of the newest crypto assets. However, despite the limited time spent on the market, it has shown significant price growth.
The cryptocurrency is intended for long-term investors and those who hold the coin and do not sell it, receiving a reward for this. For this reason, SafeMoon can be a significant cryptocurrency to buy, especially if you are looking for a long-term investment that may prove profitable in the future.
Can SafeMoon hit a penny?
There are all chances SafeMoon might hit a penny in value at some point in the future. However, it’s worth pointing out that even the most optimistic long-term SafeMoon crypto price prediction sees it valued at less than a cent in seven years from now.
How much will SafeMoon be worth by the end 2021?
According to our prediction, the average price of SafeMoon coins will be about $$0.0000015 by the end of 2021.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
While many analysts predict that the hiked interest rate by the Feds would lead to a positive movement in the price performance of Bitcoin, a leading billionaire investor, however, disagrees with this notion.
Bitcoin would continue to trade between $30k to $50k
Michael Novogratz, the CEO of Galaxy Digital Holdings Ltd., in a recent interview, has ruled out any chance of Bitcoin breaking its record high this year. According to him, the flagship digital asset is more likely to trade between the $30k to $50k region throughout this year.
Novogratz pointed out that despite the Feds raising the interest rates, it is unlikely that investors would be willing to invest the amount of liquidity they poured into the space during the pandemic, which helped Bitcoin reach new highs.
Per his statement, with the Feds considering tightening the market in its attempts to deal with inflation, investors are also evaluating the risks. This means the probability of pumping money into Bitcoin is lower this year.
In his words,
“Bitcoin is a narrative story. It’s bringing people into the community. It’s hard to bring in new people when their house is on fire.”
He continued that the ongoing war in Ukraine would also affect investors’ choices.
Bitcoin keeps trading in a narrow range
The ongoing war has led the stock and crypto markets into a series of unpredictable movements. The value of Bitcoin, during the early days of the war, reacted positively as it was believed that Russian oligarchs could use the asset class to evade sanctions.
However, available information shows that this is not possible due to the transparent nature of the market and other reasons.
Source: Bloomberg
This has led analysts who have been watching the market to conclude that long-term holders have continued to buy BTC whenever the price falls, but short-term investors sell as soon as there’s a rally in a bid to get back what they invest.
In essence, this is what has led to the narrow trading range for the past couple of weeks.
Is Novogratz right?
The Galaxy Digital Holdings CEO appears to be the only pro-crypto analyst who believes that Bitcoin would not be positively affected by the hiked Fed rates.
According to a recent CryptoSlatereport, Elon Musk and Michael Saylor advised their followers to hedge against the rising inflation by owning assets like Bitcoin and physical things like real estate or stocks in well-regarded companies.
Apart from those two, a previous CryptoSlatereport also stated that “the value of Bitcoin has been deflationary in nature” during the past decade while “consumer price index (CPI) in the country has been inflationary” within the same time frame.
This essentially shows that investors are likely to run to Bitcoin as a hedge against the rising inflation as they believe the asset would, in the long run, appreciate.
Algorand, a next-gen blockchain application network, today announced a major release that will empower the creation of more sophisticated apps while marking a milestone for its cross-chain interoperability.
Developers are now able to build complex dapps for the Algorand ecosystem with smart contract-to-contract calling, and network participants can take their first step towards trustless cross-chain interoperability with quantum-secure keys for the upcoming State Proof technology.
These upgrades come on the heels of a $20 million incentive program from the Algorand Foundation focused on developer tooling and EVM compatibility, putting Algorand at the forefront of blockchain interoperability and post-quantum security while providing features advanced decentralized applications.
“With this latest upgrade, Algorand continues its leadership position when it comes to ongoing delivery of highly sophisticated blockchain technology. We’ve received overwhelmingly positive feedback from developers during the beta testing and are excited to roll out these enhancements to the broader blockchain developer ecosystem.” – Paul Riegle, Chief Product Officer at Algorand
Core elements of this release include:
Smart contract compatibility with contract-to-contract calls: Allows complex dApps that can efficiently and trustlessly interact with other smart contract-based dApps to extend functionality and usability.
Post-quantum secure Falcon Keys: These keys will, in the near future, be used to generate State Proofs, a new blockchain infrastructure that will allow Algorand to be trustlessly accessed in low-power environments like mobile phones, smartwatches, and on other blockchains.
These features add to Algorand’s already advanced tech, high performance, and rich developer resources. Accessible to all types of developers, smart contracts on Algorand can be written in Python or Reach.
Since its launch, Algorand has experienced zero downtime, the highly scalable blockchain supports the creation of DeFi protocols, NFTs, payment solutions, regulated digital assets, and more.
February has been a busy month at the crypto front. Many vital changes took place, which was easily missed by the community as the Russian invasion of Ukraine kept the headlines occupied.
The war affected the customer sentiment index and caused minor but significant changes in the market, which lowered the Ethereum gas fees and caused Anchor and LUNA to record substantial growth.
The numbers also demonstrate a surprisingly sharp drop in the NFT and metaverse real estate sales. At the same time, specific actions from corporations signal Bitcoin’s potential to create greener energy may finally be utilized.
1- Macro Analysis
February was the month of war — Russia’s invasion of Ukraine hit the financial markets, which were already showing high inflation alarms. The result was high distress and low customer sentiment.
Customer Sentiment Index (via sca.isr.umich.edu)
According to the Customer Sentiment Index (CSI) published annually by the University of Michigan, February’s CSI was 61.7, the lowest since the 2011 global financial crisis. Genesis warns that CSI may continue to drop in the following months if the war escalates.
2 – Bitcoin
Bitcoin showed the same reaction to the war as the traditional markets throughout the month. However, the end of February witnessed a sudden spike in BTC prices.
BTC to USDT in February (via tradingview.com)
During the last hours of February, Bitcoin prices increased by almost 16% to $44,125. Genesis states that time will tell if this spike decoupled Bitcoin from the traditional market.The report also noted that 80% of BTC was held in long-term addresses at the end of the month, which supports the possibility of BTC’s decoupling from the “risk asset” narrative.
Firms are entering Bitcoin mining
As a result of traditional energy firms’ involvement in Bitcoin mining, the network hash rate reached an all-time high during February. In addition, the Genesis report claims that Bitcoin mining could contribute to greener energy by reducing flare contamination, which seems to be the goal of the traditional energy firms that started investing in Bitcoin mining.
3- Ethereum
ETH to USDT (via tradingview.com)
Ethereum prices also accompanied BTC’s upwards trend at the end of the month by increasing more than 8%.
One of the significant highlights of Ethereum was the reduction in its transaction fees, which was hindering the development of Layer-2 scaling solutions. Since January, transaction fees have dropped and hit $17 in February, which is an all-time low since September 2021.
Genesis states that Tether, Opensea, and Uniswap, which account for most of the gas fees on Ethereum, showed significant drops in volume during February, which affected the gas fees.
Despite lowering gas fees, February was a slow month for the growth of layer-2 solutions on Ethereum. The numbers show that TVL diminished by 0.68% throughout the month.
4- Layer 1s
Among tokens with a market cap larger than $5, LUNA showed the highest performance by increasing 75%, followed by Avalanche, which increased by 21.7%. On the other hand, Solana had a rough month due to a hack attempt.
USDT is minted by burning LUNA, which increases its price by reducing supply. As a result, increased USDT demand burned more LUNAs, leading to grow further.
Solana was faced with a $320 million exploit in February due to an attack on a Wormhole. Wormholes behave as bridges connecting multiple blockchains where users can deposit their Ethereums to receive wrapped Ethereums (whETH), compatible with another blockchain.
The hacking attempt was made by an attacker who found a way to mint whETH without providing any deposits. The loss was compensated by Jump Crypto, who deposited 120 ETH into the Wormhole to provide for the missing collateral.
SOL to USDT (via tradingview.com)
As a result of this attack, Solana prices saw a downwards trend throughout February.
5- DeFi
Even though TVL mainly remained the same at over $220 million at the end of February as the beginning, Anchor protocol overperformed, increasing its market cap by 127.2%.
ANC to USDT (via tradingview.com)
Anchor’s TVL also showed a 45% increase from $7.13 billion to $10.32 billion.
According to Genesis, this increase is a sum of the tendency to turn towards yield in recent weak market conditions, the impressive growth of Terra and the Terra ecosystem’s decision to burn $450 million worth of LUNA from the Anchor reserves.
6- Metaverse/NFT
Despite extensive publication during the Super Bowl, metaverse real estate showed little growth while NFT sales declined during February.
Metaverse
According to metametric solutions, real estate sales on Decentraland, The Sandbox, Axie Infinity, Enjin Coin, and Illuvium reached $501 million in 2021 and is expected to increase up to $1 billion in 2022.
Metaverse real estate sales (via analytics.wemeta.world)
On the other hand, the above chart shows that after a very active November, metaverse real estate sales continue their downwards trend in February.
However, despite the publicity, numbers clearly show a sharp decline in NFT sales throughout February 2022.
A significant crisis hit the NFT space when 17 OpenSea users were subjected to a phishing attack, leading to the loss of nearly $3 million worth of NFTs.
In addition, CryptoPunks also lost its surge. The sale of 104 CryptoPunks was pulled at the last minute since supposedly they received only one bid, which was well below the expected price. This was after the creators of CryptoPunks publicly apologized for mishandling some V1 CryptoPunks due to an ill smart contract.
7- Regulations
Regulatory attention was focused on the stablecoins and the States started to get involved in the crypto space throughout February.
Propositions on stablecoins
The month started with two official hearings from the House and the Senate, where the propositions of the President’s Working Group to treat stablecoin issuers as banks were rejected.
Right after Congressman’s proposition, NY Federal Reserve published a paper pointing out that requiring 100% reserve for safe assets could lead to scarcity.
States’ involvement
In February, Wyoming became the first state to authorize crypto banks, officially recognize the custody of digital assets as a regulated activity and allow the registration of DAOs as LLCs.
In addition, Tennessee introduced a bill to allow the state and its municipalities to invest in crypto; Colorado announced that they would accept taxes in cryptocurrency, and California presented a statement indicating their interest in accepting cryptocurrency as payment for government services.
Conclusion
While Russia’s aggression occupied the newsrooms throughout February with depressing news, many positive advancements took place in DeFi, Bitcoin and Ethereum. Nevertheless, customer sentiment rankings took a significant hit from the war, while NFTs and metaverse real estate sales faced recessions of their own.
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