Tag Archives: cryptocurrencies

Luna Classic: The New Era of Crypto Wealth and Triumph!

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By: Jamen Mendes
Medium.com

If you have been paying close attention to the crypto market, you would have noticed that Terra Luna has completely overhauled the entire crypto industry. This single platform and its stunning collapse and triumphant recovery, has given birth to a New Era in Crypto!

Rising from its own ashes as Luna Classic, the token is making the most historical comeback of any Layer 1 platform in crypto history. After falling from $119 to an abysmal price of $0.000,000,999,967, Luna Classic is currently trading at $0.00028+ range.

Just to give you an idea as to the magnitude of this accomplishment: had you invested a $100k in Luna Classic at the bottom price of $0.000,000,999,967, you would have netted a total of $28,000,000 today; a 27,333% return in just 90 days!

This is so stunning of an achievement that it is hard to fathom. No other Layer 1 platform has ever made this level of return; all this, after a complete collapse!

During the past 7 days, Luna Classic has risen over 150%, while Bitcoin has been trending downward, retesting the $19,500 critical support level. Yesterday alone, Luna Classic rose a whopping 53%!

The Luna Classic Narrative

What most analysts have yet to understand is the fact that Luna Classic, unlike most Layer 1 platforms, the likes of Etherium, Polkadot, Cardano, and so on, is not depending on Bitcoin for its gains. It has already depegged from the Bitcoin “herd” mentality and chosen to buck the trend and make its own path in the world!

Luna Classic is rising on its own internal narrative. This narrative is largely influenced by the fact that Luna’s demise was caused by the depegging of its own algorithmic token, UST; and not by the normal crypto or stock market issues such as inflation, rising commodity prices, or tightening monetary policies.

None of these larger economic issues are of any concern to the Lunatics, the global Luna Classic army. Their focus is on reviving the Luna Classic platform and returning it to its rightful place as a Layer 1 ecosystem, which competes with Ethereum, Solana, Cardano, and others.

In order to accomplish this monumental goal, Luna Classic’s volunteer development team, Terra Rebels, have focused on establishing a new platform governance; re-enabling the staking function; and, reducing the outstanding tokens, currently sitting at 6,585 Billion.

Incredibly, all of the above objectives have been accomplished, so far, without a hitch.

A new governance, made of over 74% of the original validators, were voted in on August 26th; staking was re-enabled on the 28th, and the token-reduction tax (1.2% proposed) initiative is scheduled to go live on-chain, September 12th.

Luna Classic vs Ethereum

These are the reasons why Luna Classic is pumping! And, it will continue to pump as the world awakens to the fact that Luna Classic is the only true Layer 1 ecosystem capable of competing with Ethereum and yet priced a whopping 5,972,867% lower!

Like Etherium, Luna Classic is a fully decentralized Layer 1 platform with smart-contract functionality. In fact, it is better! Luna Classic is faster, has a cheaper transaction cost, and was built from the beginning as a Proof-of-State platform. Ethereum is slow, costly, and is still a Proof-Of-Work platform that needs to survive the upcoming “merge” scheduled for mid September.

Certainly, we cannot discount Etherium’s overwhelming dominance in the Crypto sphere! Ninety percent of all decentralized applications (DApps) run on Ethereum. It is the king of the pride when it comes to smart-contract platforms. However, we do have a new cub rising in the grassland to challenge Ethereum hegemony! That blockchain beast is not Cardano, Polkadot, Solana or Layer 2 solutions such as Polygon and Optimism. It is none-other than Luna Classic!

New Crypto Era

We are entering a new Crypto era. Gone is the time when every token had to file in line behind Bitcoin and beg for permission to shine. That’s the old mentality that had us believing that “all cryptos” are the same and Bitcoin is the King!

Luna Classic’s demise and its meteoric rise is breaking the chains that locked all Layer 1 platforms to a Bitcoin-dominance model. Instead, Luna Classic is proving that not all crypto currencies are identical! They are all uniquely designed to solve particular problems, which will never be tackled by Bitcoin, and, thus, should be analyzed and priced accordingly.

Ethereum, in particular, has always been negatively affected by this lazy mentality on the part of the investors to study and appreciate the unique solutions it has and continues to solve within the Crypto sphere. But, that is a story for another article.

Returning to Luna Classic and the theme of this piece.

We have been ushered into a new phase of the Crypto economy by the collapse of Terra Luna and its Phoenix-like rise from the ashes as Luna Classic. Gone are the comparative analysis/paralysis of the past that enslaved every crypto ecosystem to Bitcoin!

We’ve entered a new phase — a new Cosmic Age — where all Cryptos are uniquely appreciated for their special gift to humanity in helping us solve the entrenched global poverty created by “fiat” currencies, and liberate the creative potential of every human being!

Luna Classic is leading us into a Golden Age of tremendous abundance and, hopefully, a new awareness that money is not priced in fiat but by the very Life essence, which inherently sustains its dynamic and priceless Value!

And Just to prove my point that Luna Classic is leading its own triumph, let me quickly check on its current price! It is trading at $0.00028, a 100% rise over the last 24 hours, while Bitcoin has again dipped to $19,950!

Current Luna Classic Stats by CoinMarketCap:

Market Cap

$1,950,579,247

82.37%

Fully Diluted Market Cap

$2,045,562,524

82.35%

Volume 24h

$1,616,624,400

398.16%

Circulating Supply

6,585.55B LUNC

Disclosure:

In compliance with the financial disclosure requirements, I must inform you that I am not an investment advisor. This article is for information only. Do your own research. Furthermore, I own Luna, including units which I purchased before and after the UST/USD depeg.

View at Medium.com

Will Dogelon Mars follow in the footsteps of DOGE, SHIBA?

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By: Gupta

Tiger King, Banano, Pepe Cash, Wownero. Without context, these terms sound like made-up words but they are actually meme coins. Meme coins represented a market cap of $71.5 billion, with a 24-hour trading volume of $7.8 billion. These were serious numbers for tokens considered as a joke by the vast majority of crypto investors. Dogecoin and Shiba Inu are well-recognized assets among the top 15th. However, Dogelon Mars made its presence known on October 30th. The coin registered a growth of 360%, reaching $0.000002670 from $0.000000482.

In this article, we will try to evaluate if $ELON has the same potential as its former compatriots in DOGE and SHIBA.

Doge Elon Mars; Strong Fundamentals and Market Sentiments

Source: Santiment

According to Santiment, ELON registered rising active addresses over the past week. Active Addresses is a positive sign of transactional activity and addresses were minimal during Q3 but it is currently on a steep incline. However, community involvement is more important for meme coins and it possessed an edge in that sector as well.

Source: Trading View

As illustrated by the chart above, ELON had a social dominance of 15.58%. It means 15% of the total market mentions was related to ELON. Note, Social dominance comprises more than 50+ crypto projects.

Meme token’s market strength is highly dependent on community sentiment. Hence, positive development allows for better market performance. Recently, Polygon announced it would be listing Dogelon Mars, and QuickSwap DEX also added ELON for Liquidity Provider mining. Additionally, another strong advantage for Dogelon Mars is its listing on Kucoin. Kucoin is currently the 4th largest spot exchange with over 14.5 million visits per day. In comparison, Coinbase had 15.8 million visits.

A new all-time high?

Source: Trading View

Meme tokens are difficult to predict as their rallies are extremely incoherent to the rest of the market. However, considering ELON is able to find support at $0.000001538, it should re-test its previous ATH value. Once $0.000002500 is breached, ELON will have a clear path all the way to $0.000005. Regardless, it is important to note that meme tokens are extremely volatile, and capital loss is a strong possibility. As always, Do Your Own Research.

7 Cryptocurrencies Under $2 That Could Be The Next Bitcoin

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By Mark R. Hake, CFA May 10, 2021

Bitcoin (CCC:BTC-USD) has moved up so far, so fast that anyone starting to invest in cryptocurrencies is more or less forced to look at alternative plays. As of Friday May 7, BTC-USD was trading at $57,732, up 99.3% from $28,972 on Dec. 31, 2020. Many investors are considering other cryptocurrencies that might offer better upside and a cheaper absolute price.

This article discusses 7 of the top 20 largest cryptocurrencies to consider investing in beyond Bitcoin and Ethereum (CCC:ETH-USD), the second-largest cryptocurrency. ETH-USD was at $3,535 as of Friday, May 7, and is up 384% from $730.37 as of Dec. 31, 2021.

We’ll look for altcoins that have lower absolute prices than these top two cryptocurrencies. These alternative picks might provide the same meteoric upside both Bitcoin and Ethereum have had over their lifespan.

Each of these cryptocurrencies trades below $2. That means for $2,000 you can buy up to 1,000 coins or tokens. So if they ever trade above $100, like Litecoin (CCC:LTC-USD), currently at $351, or Filecoin (CCC:FIL-USD), at $150.67, investors can make a lot of money.

  • Dogecoin (CCC:DOGE-USD)
  • Ripple (CCC:XRP-USD)
  • Cardano (CCC:ADA-USD)
  • VeChain (CCC:VET-USD)
  • Stellar Lumens (CCC:XLM-USD)
  • Tron (CCC:TRX-USD)
  • BitTorrent (CCC:BTT-USD)

Let’s dive in and look at these cryptocurrencies

Dogecoin (DOGE-USD)

Price: $0.4574

Market Capitalization: $59.3 billion

Dogecoin was originally created as a joke to mimic the rise of Bitcoin, but it has since taken on a life of its own. I wrote about its phenomenal rise recently in InvestorPlace, and about those saying the joke is over.

Moreover, Dogecoin has a slightly inflationary token supply structure. This is because the token issues just 5 billion new Dogecoin each year. With a present total of 128 billion Dogecoin, that means the average annual increase is 3.90%. But each year this percentage increase declines as the base denominator rises.

This token supply structure may actually make Dogecoin a useful cryptocurrency for payments in the real economy, as I wrote in my Feb. 8 article. The reason is that economies need a slight bit of inflation, which helps account for both the velocity of spending as well as price increases.

It also discourages people from hoarding the currency, even though it rises in value. Since most large economies grow at an average clip of 3% or better over the long run, the greater-than-3% growth in cryptocurrency supply helps accommodate this growth.

Therefore, look for Dogecoin to take on more than just a cult following over the next year or so. I suspect it has a good chance of crossing $100 billion in market value, making it the third-largest cryptocurrency after Ethereum.

For example, if it were to hit $1 per Dogecoin, it would have risen nearly 120% from current prices, giving it a market cap just under $130 billion. That’s still a far cry from Ethereum’s $409 billion market valuation. So there seems to be an upward limit to how high this coin could fly.

Both Robinhood and Webull offer the ability to buy Dogecoin. I suspect that this has also played a huge part in Dogecoin’s rise. However, you still cannot do so on Coinbase (NASDAQ:COIN).

Ripple (XRP-USD)

Price: $1.43

Market Cap: $50.3 Billion

Ripple, created in 2012, is tainted by lawsuits from both the SEC and private investors. In January, Coinbase delisted Ripple from its exchange. However, some other exchanges still allow trading in Ripple.

If you are willing to overlook the SEC issues (numerous and described in my recent article), Ripple might eventually succeed. Ripple wants to be a real-time payment settlement system with no chargebacks. The problem is there are a number of other cryptocurrencies in this space as well.

You can tell that I am somewhat lukewarm about Ripple’s prospects. Nevertheless, the currency has been rising, despite its troubles. For example, XRP-USD closed out 2020 at $0.2324. As of May 10, it was at $1.43. This means it has risen 515% so far this year.

I suspect that there is a good chance, given its speculative fever, Ripple token could cross the $100 billion mark. That gives it another 98.8% potential gain.

Cardano (ADA-USD)

Price: $1.68

Market Cap: $53.6 Billion

Cardano is a platform with a different blockchain validation system than Bitcoin or Ethereum. Those blockchains use mining and a proof-of-work reward system for miners. Cardano’s system, called Ouroboros, is based on a proof-of-stake validation.

Anyone can stake his Cardano to validate a blockchain set and get rewarded for this. This uses significantly less electricity than cryptomining. Even Ethereum is going to transition to this system within the next year. Cardano is already there and is currently the largest proof-of-stake validation blockchain and crypto in operation.

ADA coins can also be used for peer-to-peer settlement in payment transactions. The platform also enables smart contracts and applications that can run on its platform. However, the company that founded Cardano, IOHK, sets the rules for the platform and has funded its growth. To date, there have not been many large companies that use its platform.

Don’t expect Cardano to dramatically rise from here, given its huge market cap already. However, as adoption picks up over time, the token could rise in value.

VeChain (VET-USD)

Price: $0.21

Market Cap: $13.3 Billion

I have written bout VeChain and its supply chain and logistics focused blockchain platform. In fact, a number of large enterprises are now using VeChain, to track their inventory.

One such company based in Norway, DNV, tracks commercial cargo vessels and their cargo items. According to Seeking Alpha, it was an early adopter of blockchain technology to track this inventory.

VeChain is also unique in that it pays a dividend of sorts called VeThor (CCC:VTHO-USD) to VET token holders. In my previous article, I estimated that the dividend rate is a little over 1.3%.

This makes VET-USD a truly unique blockchain and cryptocurrency. The VeThor cryptocurrency trades separately and is also worth your consideration.

Stellar Lumens (XLM-USD)

Price: $0.67

Market Cap: $15.46 Billion

Stellar Lumens is a blockchain protocol for payments systems. It wants to ease money transfers around the world. In 2017 Stellar Lumens started working with the government of Ukraine. They are in discussions to develop a national digital currency. This will be a signature event for Stellar Lumens if this gets off the ground.

In its essence, Stellar is an open-source protocol for exchanging money or tokens, according to Wikipedia. It was founded by Jed McCaleb, who founded Mt. Gox and was a co-founder of Ripple.

Ripple’s success will depend on how well its payment system platform will be adopted around the world. So far, it has limited success. It may take longer than most people may want to wait for the Stellar Lumens platform to be adopted by national governments and enterprises.

Tron (TRX-USD)

Price: $0.128

Market Cap: $9.1 Billion

Tron is an operating system based on a blockchain with an independent peer-to-peer network. The Tron Foundation originally raised $70 million in an initial coin offering in China. Since then the TRX-USD crypto, called Tronix, has risen to nearly $10 billion in market value.

Wikipedia reports that the Tron crypto had a controversial background, including charges of plagiarism and certain other charges. The Tron Foundation resisted these accusations and tweaked its modus operandi by acquiring BitTorrent, the biggest peer-to-peer file-sharing network.

Justin Sun founded Tron and is now also the CEO of BitTorrent. According to Coindesk, he sees Tron as a viable competitor to Ethereum. That could be one major reason why Tron has done well this year.

Tron ended 2020 at 2.69 cents. At 12.8 cents today it is up 376% year-to-date. Look for TRX-USD to continue to do well as it gains acceptance.

BitTorrent (BTT-USD)

Price: $0.00637

Market Cap: $4.2 Billion

BitTorrent is a peer-to-peer file-share platform founded by Bram Cohen and later sold to Tron (see above). The platform seeks to enhance users’ ability to distribute and data and large electronic files using a decentralized protocol.

Initially, the protocol was used to allow illegal downloads of pirated movies and other media on a decentralized basis. Later, after receiving private equity funding, BitTorrent cut deals with the largest seven movie studios to rid itself of illegal copyright issues.

Recently BitTorrent has received licenses from a number of these film studios to distribute their content. This makes its cryptocurrency quite valuable.

Although this currency is not in the top 20, I wanted to include it since I think it has substantial ability to appreciate over the next year. This is because its platform solves real-world issues relating to large file sharing.

Since selling BitTorrent to Tron, founder Bram Cohen has gone on to found a new cryptocurrency Chia (CCC:XCH-USD). Its goal is to make it easier for people to use unused space on their computers to mine cryptocurrencies and make money.

Recently BitTorrent was added to a new exchange, Poliniex, allowing it to be staked by validators. This exchange is also owned by investors that include Justin Sun, who bought BitTorrent in 2018. Some speculate this could account for its recent uptick. Look for BitTorrent to continue to do well as its adoption rate grows.

These 7 cryptos (really eight when you include VTHO-USD) all have prices below $20 but are among the top 20 largest cryptocurrencies by market capitalization. This implies a significant level of acceptance; these are not fledgling cryptocurrencies just getting off the ground.

The theory here is that one can buy a large number of shares, given the low prices, and given that the market caps are not yet mature. A mix of investments in all or some of these digital cryptocurrencies will certainly do well over time.

On the date of publication, Mark R. Hake held a long position in Bitcoin, Ethereum, BitTorrent and Dogecoin. He did not hold a long or short position in any of the other securities mentioned in this article.

Mark Hake writes about personal finance on mrhake.medium.com and runs the Total Yield Value Guide

WILL THE REAL SHIBA INU PLEASE STAND UP?

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Last month I was fixated on the meme coin Doge as it seems to be hitting a lot of headlines due to Elon Musk flirting with it and even accepting Doge as payments for Tesla and proposing to launch a Doge-1 satellite to moon. Elon Musk is trolling with Doge and this meme coin is riding on celebrity ratings.

But the Saturday Night Live which was hosted last week by Elon Musk also seen the rise of another meme coin. Shiba Inu, which is nicknamed the Dogecoin Killer rose from the ashes and has been breaking crypto exchanges the last few days.

I’d like to discuss the similarities and difference between these two meme coins to ensure crypto buyers know what they get themselves into.

SIMILARITIES
1. Both are meme coins
2. Both are tokens
3. Both feature the same Shiba Inu dog in their logo
4. Both wants to go to the moon

DIFFERENCES
1. Doge has infinite supply whilst Shiba has limited supply
2. Doge is built on Bitcoin Blockchain whilst Shiba is built on Ethereum Blockchain
3. Doge has a centralized system whilst Shiba is completely decentralized
4. Doge is inflationary whilst Shiba is deflationary
5. Doge has no ecosystem whilst Shiba is building an ecosystem
6. Doge will be a stable coin whilst Shiba wont be a stable coin

SHIBA INU COIN: VALUE AND MARKET CAP EXPLAINED

The value of Shiba Inu today (12th May 2021) has been fluctuating between a 24 hour low of $0.00001260 and a high of $0.00003137, at the time of writing.

While Dogecoin has been on a steady incline since the beginning of 2021. The currency has yet to hit the $1. As it stands Dogecoin has hit an all-time high of $0.74 and has dropped back to about $0.50

The current market cap for Shiba Inu (SHIB) is $11.7 billion at the time of writing whereas, for Dogecoin the market cap for the currency is $67.24 Billion, which is a slight dip from where Forbes had placed it in early May 2021, at $69 Billion.

Dogecoin place as the fourth most popular currency on the market has not yet changed, as it sits behind Bitcoin, Ethereum and Binance Coin. Whereas, its up and coming competitor Shiba Inu coin has ranked within the top 20 cryptocurrencies on CoinMarketCap. You can see the value of cryptocurrencies on trading sites such as Coindesk, which shows the real-time value of cryptocurrencies.

INVESTING IN CRYPTO IS A RISK
As many know, investing in cryptocurrency is taking a risk as the market can be extremely volatile. There is also no guarantee that you can convert crypto assets back into cash, as it may depend on the demand and supply in the existing market. Coins can also be “burned” at any moment, diminishing a large supply.


Doge to the Moon

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The lockdown around the World is causing investors to do more online trading as a hobby and this is causing the spike in the price of a ‘joke’ in cryptocurrency! DogeCoin

Dogecoin is a cryptocurrency, a form of digital money that, much like bitcoin, enables peer-to-peer transactions across a decentralized network. One important difference: bitcoin is the original blockchain proof-of-concept. Bitcoin is ground-breaking. Bitcoin is (some believe) world-changing tech with the potential to transform how money works in the 21st century.

Jackson Palmer, an Australian started this craze when he was at a Nascar Race in California and saw this Car with a picture of a Shibu Dog on the bonnet. It was meant to be a MEME! DOGECOIN – Digital Currency and the light bulbs went off!



Palmer registered dogecoin.com domain name and decides to tweet and reach out to anyone who was interested. Billy Markus was interested, and he saw that Bitcoin source code was open source and he decided to take a break from his video games and literally wrote the cryptocurrency code just for ‘sillies’ as some would say.

It too Markus 3 hours to just write the DogeCoin Cryptocurrency code. Why was it so easy? It was a CONTROL+F BITCOIN and replaced Bitcoin with Dogecoin. Of course, there was some changes to few elements like Markus created 100 Billion Dogecoin where as Bitcoin only has 21 million. Oh! and the change in fonts too!

But the doge didn’t hit stardom as there wasn’t any miners and also there was no use of it. It wasn’t even listed in Coinbase or other trading platforms until late 2020 when Elon Musk tweet about ‘Doge to the Moon’. Musk tweets has driven the price of Doge up and it has risen over 6000%



1st January 2021 – Doge was trading at $0.00461 with a market capitalization of $726 million
1st April 2021 – Doge was trading at $0.0536 with a market capitalization of $7billion and today
19th April 2021 – Doge is trading at $0.33 with a market capitalization of $42 billion

I suspect that Doge would hit $1 by the end of the month if the same craze still holds. There are predictions it will fly to $10 once it hits $1.


If you are bored….. try invest into DogeCoin and hold for at least several months.

https://www.coindesk.com/price/dogecoin

How to buy bitcoin

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Hello there!

Its been almost 12 months since I last posted anything here and this is largely due to this Covid-19 pandemic that has got me holed up without any significant travel.

I guess that’s an excuse so I’ll just get straight to my post for this evening.

How to buy bitcoin and any other cryptocurrencies!
I must say that I tried to stay away from the subject of cryptocurrency for a while as it just didnt get integrated into the financial system quickly. But having watched bitcoin hit the price of $56,000 and moves taken by major investment funds to start buying bitcoin, I think we about to just make something out of this cryptocurrency.

I am writing this post, to largely target 3rd world countries who still struggle to buy any cryptocurrency and would be subject of scammers who want to take away your investments with bitcoin. So I want to help you as much as possible to make the right decision and be safe with your investments

So here is the good news…
You don’t need a middleman to do your buying of bitcoin or cryptocurrencies. You can do it yourself in 5 easy steps.
Requirements: Visa Debit Card or Master Debit Card (must have money for purchase), email account and phone number

STEP 1: Create an online account with one of the major Platform providers. (I use Coinbase and Kraken)

  • TradeStation – Best Trading Platform.
  • Coinbase – Best Crypto Exchange.
  • eToro – Low Fees.
  • Kraken – Maker-Taker Fee Schedule.
  • Bittrex – Most Altcoins.
  • Gemini – Offers Gemini Dollar.
  • Robinhood – Best Mobile App

STEP 2: Check if they can accept your Visa Debt Card
They may need to do KYC checks and wont accept your VISA which happens alot as you in the 3rd world countries where KYC checks are really difficult for them.
If they accept your Visa Card – go straight to STEP 4

STEP 3: Use a 3rd party website to buy bitcoin before you can transfer to your wallet which you created in STEP 1.
I used to use a site called Virwox and it closed down. Now I used a site call ZenGo

STEP 4: Deposit funds into your Wallet. (Make sure you alert your bank that you are doing online purchase)
You can start as little as K100.00 or as high as K10,000.00 depending on the daily limits on your card

STEP 5: Hold and Pray
The process will take from 5-20mins to be reflected in your wallet. Once you it appears, you are done. You can hold that bitcoin in your wallet for as long as you want. Just monitor the price of bitcoin and pray it rises before you can sell it

Dangers:
Buying and trading bitcoin has some problems as well.
1. Withdrawal, you need to be able to change that into your local currency. This is one of the biggest hurdles for 3rd world countries
2. Loss of Access to your wallet. Many people lose access to their wallet as they lost the 12 word phase code, or they lost their own mobile number or even lost access to their emails. (that’s how I lost my 8 bitcoins)
3. Platforms closed down. Some platforms and wallets gets closed out and you can lose your cryptocurrencies if you dont check your emails for any notifications.

Personally, I do BUY & HOLD strategy on cryptocurrencies. I dont have an intention to ‘SORT’ it out like what most ‘day-traders’ do.

Happy Trading!