Experienced traders who become Copy Trading Gold&FX Master Traders share their trading expertise, allowing Followers to automatically copy their positions.

Want to monetize your trading expertise and build a following in the forex and commodities markets? Bybit's Copy Trading Gold&FX platform enables skilled traders to earn profit-sharing rewards by letting others automatically copy their trading strategies.

But what exactly is a Master Trader, and how can you get started? This guide breaks down what Gold&FX Master Trading is, its benefits, key requirements, how to apply — and whether it's the right path for your trading career.

–based copy trading system that enables investors to automatically replicate the trading strategies of experienced traders across forex, commodities and market indices.

With MT5's professional infrastructure, Master Traders can execute positions that are automatically copied by their Followers while earning up to 15% profit share from successful trades. This creates a mutually beneficial environment in which expertise is rewarded while newer traders access established strategies.

Who Is a Bybit Copy Trading Gold&FX Master Trader?

A Gold&FX Master Trader is an experienced trader who shares their trading expertise on Bybit's MT5 platform, allowing Followers to automatically copy their positions in forex, indices and commodities markets. Master Traders can earn up to 15% profit share from their Followers' successful trades, with shares distributed weekly.

Benefits of Being a Bybit Copy Trading Gold&FX Master Trader

Master Traders on Bybit Copy Trading Gold&FX can earn the following benefits.

Master Traders are able to monetize their expertise by earning up to 15% profit share from their Followers' trades. Since success and Follower growth directly increase earning potential, this creates opportunities for substantial passive income.

The platform implements a High water mark (HWM) principle for profit distribution, releasing rewards only when trading results surpass previous performance peaks. Profit shares are calculated weekly and distributed every Sunday at midnight (MT5 server time, which is UTC+3 during DST, UTC+2 during Standard Time).

Master Traders have access to a comprehensive suite of traditional financial markets, including forex pairs, commodities and indices. This diverse range of trading instruments enables them to diversify strategies and broaden trading opportunities across multiple asset classes.

Master Traders can start with one Follower, and scale up to 300 concurrent Followers as they demonstrate consistent performance. This progression allows Master Traders to build their reputations, increasing profit-sharing income as they prove their expertise.

The MetaTrader 5 platform delivers institutional-grade infrastructure with 

, comprehensive market analysis features and high-speed execution capabilities. This trading environment enables Master Traders to execute strategies and analyze market opportunities with professional precision.

Master Traders can adjust their profit-sharing ratio at any time to optimize strategies based on market conditions and Follower engagement. The platform handles all technical aspects of 

, allowing Master Traders to fully focus on executing trading strategies.

What to Know Before Applying to Be a Bybit Copy Trading Gold&FX Master Trader

Following are the key requirements and considerations for becoming a Master Trader.

How to Apply to Become a Bybit Copy Trading Gold&FX Master Trader

The application process consists of two main phases: submitting your application, and setting up your MT5 account. Carefully follow the steps below to become a Master Trader.

 and log in to your Bybit account. If you don’t have a Bybit Subaccount, click on the profile icon, select 

and create a new Subaccount, following the on-screen instructions.

: After you’ve created a Subaccount, hover your cursor over the 

. This will take you to the Master Trader application page.

: Read the Master Trader Agreement carefully, and check the box stating 

I have understood and agreed to the above agreement

: Fill in the following required information:

: Review all information, and check (✓) the box to agree to MT5 Terms and Conditions. Then, click on 

: In the confirmation window, review the information and click on 

: Once your application is successful, you’ll receive an approval email. Open it, and click on the 

 link in the email to create a new password.

 to set your MT5 Account password. If you haven’t already done so, set up Google Authentication on your Gold&FX Master Trader Subaccount by following this 

: Select the type of password you’d like to reset. The pop-up window has two options:

 and click on the download icon to install MT5 on your device. 

: Set up Google Authentication for your Gold&FX Master Trader Subaccount (if you haven’t already done so). Then, follow the security setup guide provided by Bybit.

: Once you’ve successfully downloaded MT5, launch the application, and log in with your credentials. Then, verify access to trading features.

Congratulations! You are now a Gold&FX Master Trader. Switch to your Gold&FX Master Trader Subaccount and MT5 Account to start Copy Trading.

Should You Apply to Be a Bybit Copy Trading Gold&FX Master Trader?

Applying to become a Gold&FX Master Trader is worth considering if you:

Before applying, carefully evaluate your trading experience and commitment level. While no prior performance record is required, your success as a Master Trader will depend upon maintaining consistent returns and building trust with your Followers.

Bybit Copy Trading Gold&FX transforms trading expertise into a scalable business opportunity through its Master Trader program. With detailed platform resources, profit-sharing potential and room for growth, Bybit Copy Trading Gold&FX provides a clear path to building a meaningful presence in traditional financial markets.

Intermediate

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Bybit Copy Trading Gold&FX Master Trader: Your Path to Elite Earnings

Jupiter is set to launch a $630 million airdrop, distributing 700 million JUP tokens to around 2 million eligible wallets starting January 22. 

The S&P 500 rose 0.88% as markets rallied on relief over Trump's moderate trade measures. Gold jumped 1% to $2,745 as US yields and the Dollar fell, with tariff threats and Middle East tensions boosting its safe-haven appeal. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 4.36%, with Bitcoin and Ether rising by 2.48% and 1.55%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is AI16Z, which surged nearly 31.4% following the Bebop integration, enhancing AI trading efficiency with ElizaOS and new features.

ai16z (AI16Z), launched in October 2024, is a decentralized app on Solana that uses a DAO and AI agent, Marc AIndreessen, to manage investments in tech projects and crypto. 

, enhancing its AI agent's trading efficiency. Updates include support for multiple DEX aggregators, addition of Bebop as a supported aggregator, a new quote sorting mechanism, and comprehensive test coverage for swaps. 

Check Out the Latest Prices, Charts, and Data of 

, distributing 700 million JUP tokens to around 2 million eligible wallets starting January 22. Users must create a Jupiter profile to claim their tokens, with claims open for three months. The airdrop follows a successful DAO proposal and is part of a larger plan for two additional airdrops in 2025 and 2026.

Yesterday, BTC Spot ETFs recorded a total inflow of $140.7 million, consisting entirely of $140.7 million from non-GBTC sources, with no contributions from GBTC.

, a liquid restaking protocol on Solana, launched its Points Program for earning rewards and qualifying for an upcoming airdrop. Restake assets like SOL and mSOL to earn points. Jito (JTO) restaking starts today, January 22, at 4 PM UTC, with limited slots. Use code YPQ28J for a 10% boost. Stay tuned for updates on SOL restaking limits.

Beginner

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Jupiter Set to Launch $630 Million Airdrop for 2 Million Eligible Wallets

Animecoin (ANIME) is a project aiming to transform the anime industry by uniting fans, creators and IPs through blockchain technology. Popular NFT collection Azuki is an early contributor to the project. Learn more now!

 (ANIME) is set to revolutionize the anime digital industry by creating a community-driven, decentralized ecosystem. Positioned as the "culture coin" of the anime world, Animecoin aims to empower over a billion anime fans globally to shape and own the future of anime. Through its Full Stack Anime approach, Animecoin combines original IP creation, mainstream distribution and specialized infrastructure to create an unprecedented digital economy for its community.

, the popular NFT project at the heart of this movement, plays a crucial role in connecting anime fans to its evolving ecosystem. As the anime industry continues to grow rapidly, Animecoin and Azuki together offer a unique opportunity to reshape the creative and economic landscape of the anime world.

In this article, we’ll explore the key features of Animecoin, its relationship with Azuki and the ways in which both projects are poised to transform the global anime industry.

Animecoin (ANIME) is a project aiming to transform the anime industry by uniting fans, creators and IPs through blockchain technology. Powered by Animechain, it provides a cohesive experience that merges the fragmented aspects of the anime world, such as viewing, discussion and merchandise into a single integrated protocol. 

Animecoin offers an opportunity for creators to earn royalties based on fan engagement, and for fans to shape the future of anime.

The highly anticipated Animecoin launch and airdrop will take place on Jan 23, 2025, marking a significant step toward Anime 2.0 and solidifying Animecoin’s role in revolutionizing the industry by enabling deeper connections between fans and creators.

 is a pioneering NFT project that combines the power of anime-style illustrations with 

. Launched in January 2022, the project quickly captured the attention of both the NFT and anime communities, amassing over $300M in sales. Its success is attributed to its unique blend of stunning visuals, anime culture and community-driven vision. Azuki's collection consists of 10,000 anime avatars, each serving as a key to The Garden, an exclusive metaverse in which 

 enthusiasts, artists and builders collaborate to create a decentralized future.

The Azuki ecosystem extends beyond NFTs, incorporating various projects aimed at strengthening its community and expanding its influence in the web3 space. With a passionate anonymous team and growing fanbase, Azuki has cemented its place as a leading player in the intersection of anime, NFTs and decentralized innovation.

 is a purpose-built blockchain designed to bring the global anime network on-chain, creating an ecosystem governed by creators and participants. Its mission is to enhance fan engagement at every touchpoint, allowing the community to share in the success of the anime industry. Built in collaboration with 

 infrastructure for DeFi, gaming and NFTs, Animechain offers low-cost, high-speed transactions, making it an ideal network for scaling the anime space.

The platform's first major partner is Azuki, which will launch its anime productions, games and physical products on Animechain, setting a precedent for other top-tier anime IPs to follow. By providing open access to fandom data, IP and collectibles on-chain, Animechain reduces barriers to entry and fosters a more accessible, decentralized anime ecosystem

 a self-sustaining ecosystem that’s driven by the synergy between blockchain infrastructure, consumer platforms and intellectual property (IP). The goal is to create a flywheel effect, whereby each component amplifies the others' growth.

At its core, Animecoin is built on Animechain, an L3 blockchain powered by Arbitrum Orbit technology. Animecoin acts as the custom gas token, simplifying the process for Web 2.0 anime fans. By eliminating the need to manage multiple tokens, the platform also offers gasless (sponsored) transactions, ensuring a smooth onboarding experience for newcomers.

The ecosystem is designed to attract both users and developers. Consumer platforms such as Anime.com aim to onboard Web 2.0 users, becoming the dominant social layer for the anime industry — similar to the way that Discord has become essential for gaming communities. As the user base grows it attracts more developers, driving further innovation.

Content and IP development serve as the cultural backbone of Animecoin, uniting its community and fueling the passion that powers the entire ecosystem.

The ANIME token is the native utility token of the ecosystem, designed to fuel the digital economy and power the anime industry on-chain. It will be launching on both Ethereum and Arbitrum, with a significant portion — 50.5% of the total supply — going to its community. ANIME will serve as Animechain’s gas token, enabling transactions and rewarding users and creators alike. It will also be used for governance matters, giving holders a say in the direction of the Animecoin ecosystem through the future AnimeDAO.

The ANIME tokenomics structure is designed to ensure sustainable growth and active community involvement. The following breaks down its distribution:

The ANIME airdrop is open to several key communities, including the Azuki community, Hyperliquid (HYPE stakers), Kaito yappers, Arbitrum communities and anime fans who align with the Animecoin vision.

Animecoin aims to revolutionize the anime industry with the launch of Animechain, powered by the ANIME token. The road map includes onboarding millions of fans, expanding the ecosystem with new IPs and building innovative consumer applications. With Azuki as a pioneer, Animecoin is poised to set the on-chain future of anime culture.

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Animecoin (ANIME): Azuki Open Universe Token

The Banana Zone is a crypto market phase characterized by accelerated upward price movements, creating a banana-shaped trajectory on price charts. Learn more.

The crypto market has a new buzzword that's taking over trading floors and social media: the Banana Zone. Coined by macro investor and Real Vision CEO Raoul Pal, this concept has become increasingly relevant as crypto markets experience unprecedented growth.

But what is the Banana Zone, and why does it matter? As the crypto market appears to be entering its most explosive phase yet, this article breaks down the three key stages of this phenomenon, explores why it occurs and provides essential tips for navigating current market conditions.

The Banana Zone is a cryptocurrency market phase characterized by accelerated upward price movements, creating a banana-shaped trajectory on price charts. The term was popularized by global macro investor Raoul Pal in 2024, drawing from his observations of recurring patterns in crypto market cycles since 2008. 

Raoul Pal notes that as global liquidity rises and institutional adoption increases, cryptocurrencies enter this distinctive phase in which price appreciation accelerates beyond typical market behavior.

While initially observed in Bitcoin's price action, the Banana Zone phenomenon extends across the broader cryptocurrency market, affecting everything from major 

 to emerging digital assets. This pattern has become particularly relevant as traditional financial markets and crypto markets show increasing correlation with global liquidity cycles.

The Banana Zone works as a three-phase market cycle, each with distinct characteristics that signal different stages of market maturity and price action. These phases typically unfold sequentially, though their duration and intensity vary based on global macro factors.

The first phase is characterized by a decisive breakout from previous consolidation patterns, typically triggered by increased institutional adoption and improved market fundamentals. Bitcoin usually leads the charge during this early bull marketphase, experiencing substantial price appreciation while maintaining high market dominance.

This initial phase closely correlates with expanding global liquidity, as central banks' monetary policies create favorable conditions for risk assets. The market sees steady accumulation by long-term holders and institutional investors, establishing a solid foundation for further growth.

The Banana Singularity is the most explosive phase of the cycle, marked by broader market participation and a dramatic surge in altcoin valuations. During this phase, the total cryptocurrency market capitalization grows exponentially as retail investors flood the market, seeking high-return opportunities beyond Bitcoin.

This phase typically coincides with a decrease in 

 as capital flows from Bitcoin into altcoins, creating what's commonly known as "altseason." The market experiences widespread 

 (fear of missing out), leading to rapid price appreciation across virtually all crypto assets.

The final phase, known as the concentration phase, sees market momentum focusing on "core winners" — cryptocurrencies with strong fundamentals and real-world utility. During this period, investors become more selective, leading to a flight to quality within the crypto ecosystem.

This phase often experiences the highest price appreciation for selected assets, though the broader market may begin showing signs of exhaustion. Institutional investors typically concentrate their positions in established cryptocurrencies with proven track records and strong network effects.

The Banana Zone phenomenon is primarily driven by the intersection of global liquidity cycles and cryptocurrency market dynamics. Since 2008, when central banks reset interest payments to nearly zero and standardized debt maturity to between three and four years, a predictable macro cycle emerged that directly influences crypto market behavior.

As central banks manage their debt rollovers through currency debasement, the value of fiat currencies relative to assets decreases. This process naturally drives up the price of growth assets, with cryptocurrencies experiencing pronounced effects due to either their fixed or 

The acceleration of institutional adoption further amplifies these effects. 

 comparing active wallets and early IP addresses, crypto is being adopted at twice the speed of internet adoption in the 1990s. 

Market psychology also plays a significant role. Media attention increases as prices rise during the Banana Zone’s initial phase, drawing in new participants. This creates a self-reinforcing cycle whereby price appreciation leads to greater adoption, which drives further price appreciation — a pattern that intensifies during the Banana Singularity phase.

Importantly, the Banana Zone's occurrence aligns with broader market cycles, including what Raoul Pal calls 

, a framework that explains how business cycles repeat as liquidity rises to service debt rollovers. This synchronization with traditional market cycles helps explain why crypto markets often move in tandem with other growth assets, particularly technology stocks.

As of early 2025, the cryptocurrency market is showing strong indications of being in the transitional period between Banana Zone Phase 1 and the anticipated Banana Singularity. With Bitcoin’s price hovering around $100,000, and total market cap reaching $3.7 trillion in December 2024, the crypto market has already demonstrated significant strength following an earlier breakout.

Bitcoin's recent consolidation at all-time high levels mirrors similar patterns in the 2016–2017 cycle, suggesting the crypto market is preparing for its next major move. In addition, the drop in Bitcoin dominance from 61.52% in November 2024 to 57.18% today (mid-January 2025) indicates that capital is flowing into the broader crypto market, potentially hinting at an upcoming altcoin season. 

Global macro conditions appear particularly favorable for entering into the Banana Singularity phase. With many central banks implementing 

 in September 2024, a global shift toward monetary easing could create ideal conditions for crypto asset appreciation.

Market structure analysis reveals increasing strength across the crypto sector, with key indicators showing higher lows and higher highs in the total market cap. Declining channels and the breaking of long-term resistance levels suggest building momentum for the anticipated surge into the Banana Singularity phase.

However, investors should note potential headwinds, including geopolitical tensions in the Middle East and uncertainty surrounding the U.S. presidential transition. These factors could introduce short-term volatility, though the underlying trend remains strongly bullish, according to current market indicators.

Successfully navigating the Banana Zone requires a structured approach and disciplined execution. Following are the five key areas investors should focus on in order to maximize opportunities while managing risks during this explosive market phase.

 are crucial during the Banana Zone's volatile phases. Investors should consider implementing a scaled approach to their investments, gradually increasing exposure as market confirmations appear, rather than making large, single-entry investments.

Diversification takes on new importance during the Banana Singularity phase. While Bitcoin typically leads the initial phase, maintaining a balanced portfolio of established cryptocurrencies and carefully selected altcoins can help capitalize on broader market momentum. However, investors should resist the temptation to chase every trending token.

 and maintaining emotional discipline is critical. While markets making new all-time highs can create strong FOMO, successfully navigating the explosive Banana Zone requires avoiding impulsive decisions based on short-term price movements.

Technical analysis should be combined with macro awareness. Monitoring global liquidity indicators, institutional fund flows and broader market sentiment provides crucial context for timing entries and exits. Pay particular attention to Bitcoin's dominance ratio to indicate which phase the market is entering.

Regular portfolio rebalancing becomes essential during periods of high volatility. As certain assets outperform others, maintaining target allocations helps manage risk, even as you stay exposed to potential upside. Take partial profits during extreme price surges, while maintaining core positions for longer-term appreciation.

The trajectory of cryptocurrency markets appears poised for significant expansion, with 

 the total market cap could grow from its current $3.7 trillion to potentially $100 trillion over the coming years. 

Institutional integration continues to deepen, with traditional financial systems increasingly embracing cryptocurrency infrastructure. The resolution of regulatory uncertainties is expected to remove significant barriers to adoption, potentially accelerating the crypto market's evolution beyond current Banana Zone dynamics.

Moreover, technological advances in scalability and interoperability are paving the way for widespread cryptocurrency adoption. The integration with traditional finance and the emergence of new use cases — from artificial intelligence (AI) to 

 tokenization — suggests future Banana Zones may be characterized by more stable, utility-driven growth, rather than pure speculation.

The Banana Zone represents a unique framework for understanding cryptocurrency market cycles. With it currently suggesting a move from the initial breakout to the anticipated Banana Singularity, crypto markets are entering their most significant growth phase.

With global liquidity expanding and institutional adoption accelerating, conditions appear ripe for continued market appreciation. However, investors should remember that explosive gains come with heightened risks. Success in these markets requires disciplined risk management and strategic positioning — not just blind optimism.

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Banana Zone to Singularity: Analyzing Crypto's Upward Surge

Bybit Learn

Crypto

What are inflationary and deflationary cryptocurrencies? Find out their differences and the best inflationary and deflationary cryptocurrencies to trade here.

 continues to be a hot button today as it impacts the purchasing power of currencies around the world. In the process, it affects the financial decisions of both businesses and private consumers. With inflation, it requires more fiat or cryptocurrency to buy the same item today than it did previously. 

At a lower level, inflation can be healthy, such as by encouraging economic growth. However, a high rate of inflation can have devasting effects. While many people have a solid understanding of inflation as it relates to fiat and fiat-based purchases, they may not be familiar with inflationary cryptocurrencies and deflationary cryptocurrencies.

An inflationary cryptocurrency is one that decreases in value over time through its tokenomics. Essentially, inflationary cryptocurrencies have an increasing or unlimited supply to keep up with or even exceed demand, and this creates downward pressure on the coin’s price.

The number of coins in circulation for an inflationary cryptocurrency rises over time, and there may not be an upper limit on how many coins can be minted in some cases. When an inflationary cryptocurrency issues more coins, investors and other users are more encouraged to participate in the platform’s activities. This places downward pressure on the price of the coins. For long-term investors, or HODLers, the pressure on the price of an inflationary cryptocurrency to generally rise over time is disadvantageous. However, volatility presents 

How Does an Inflationary Cryptocurrency Work?

The buying power of inflationary cryptocurrencies declines over time. This occurs because more coins are continually being minted. Based on a basic economic principle, the price of something decreases when it becomes scarcer. Because there is always a growing number of inflationary cryptocurrency coins available, however, the coin never becomes scarce. The unlimited supply means that the buying power of an inflationary cryptocurrency decreases over time.

A deflationary cryptocurrency is one that has a fixed supply of coins available. When demand increases, only a limited supply of coins may still be available for release, and this leads to increased value over time.

Because these cryptocurrencies have a fixed supply, there will be a point where no additional coins can be minted to keep up with demand. As a result, those who hold deflationary cryptocurrency coins may be compensated at a higher level when selling their in-demand coins. This upward pressure on the value of deflationary cryptocurrencies could make them more advantageous for HODLers than an investment in inflationary cryptocurrencies. In addition, you can generally expect to see an increase in purchasing power with deflationary cryptocurrencies.

How Does a Deflationary Cryptocurrency Work?

Once the set supply of coins for a deflationary cryptocurrency coin has been released, no additional coins can be created. The same principle related to price and scarcity that applies to inflationary cryptocurrencies also applies here. As the demand for a deflationary cryptocurrency increases, investors and users will pay more because the supply is limited. No deflationary cryptocurrency coins are being minted to keep up with demand. Over time, you may be able to purchase more goods with a deflationary cryptocurrency than you previously could.

How to Determine Whether a Cryptocurrency Is Inflationary or Deflationary

When you research cryptocurrencies for your next investment purchase, it is essential to pay attention to the inflationary versus deflationary nature of the options available. The price of cryptocurrencies can swing wildly within a short period of time, but you may also need to assess what a specific cryptocurrency’s value may be over a longer period of time. Since a deflationary cryptocurrency has a limited token supply, the coins may be more suitable for a long-term hold. What are the factors to review in order to determine if a cryptocurrency is inflationary or deflationary?

 of all cryptocurrencies online. One of the key pieces of information to look for is the cryptocurrency’s maximum supply. A deflationary cryptocurrency has a 

 on its maximum supply of tokens. This means that once that specified number of tokens has been created, no additional tokens will enter the supply from mining, minting or other methods. The maximum supply is usually clearly detailed in a cryptocurrency’s white paper.

Through your research, you will also see a specific cryptocurrency’s circulating supply. This describes the number of coins that are available at that point in time for buying or selling. These are tradable coins, so coins that are 

 or otherwise off the table are not considered in the circulating supply count. A platform can encourage its users to stake their coins in various ways, and this can decrease the number of coins in the circulating supply.

The total supply of tokens describes the total amount that has been 

 or created. This includes the tokens that are in the circulating supply and tokens that are reserved or locked. However, tokens that have been lost, destroyed or burned must be subtracted to reach an accurate total supply number. A deflationary cryptocurrency can also burn some of its tokens to reduce the total supply available. An example of a deflationary cryptocurrency that did this is 

 (XRP). On the other hand, an inflationary cryptocurrency has an unlimited or increasing supply of tokens.

Inflationary Cryptocurrency vs. Deflationary Cryptocurrency

The key differences between the inflationary and deflationary status of cryptocurrencies could impact your investment decisions as well as the long-term returns that are generated by your token purchases. To get a better understanding of inflationary vs deflationary cryptocurrency, a review of their differences and similarities is in order. Inflation describes the growth in price while deflation relates to a reduction in price. However, when you compare inflationary and deflationary cryptocurrencies, both are directly related to the token supply. A closer look at the mechanisms driving these different types of cryptocurrencies can highlight their unique traits.

The token supply for a deflationary cryptocurrency token is fixed. Once the total supply has been released, no additional tokens are available. This is in direct contrast to inflationary cryptocurrencies. These cryptocurrencies have a floating or unlimited supply. Because there is always a possibility of new tokens being created and the mechanisms in place to do so with an inflationary cryptocurrency, demand will never be higher than supply.

Whether a cryptocurrency is fixed or floating directly impacts supply and demand. The supply of inflationary cryptocurrency coins is said to be floating because it increases over time. By doing so, it keeps pace with demand. As a result, the token price may not be driven by the supply and demand mechanism. On the other hand, the supply of deflationary cryptocurrency tokens is steady or fixed. Demand may increase, but there are only so many tokens available to meet that demand. This causes upward pressure on the value of deflationary cryptocurrencies over time.

It is important to note that some inflationary cryptocurrencies are designed with deflationary or limiting mechanisms to moderate the effects of inflation on token prices. For example, some cryptocurrencies have a burning mechanism, which could rein in the supply when demand is high. Others mint and destroy their tokens as needed to maintain a stable price. These are referred to as stablecoins. In addition, some cryptocurrencies charge a transaction fee. By burning this fee, they are able to continue releasing tokens from an established supply while maintaining a deflationary status to minimize inflation.

Generally, the value of inflationary cryptocurrencies decreases over time because more tokens are being released. As the value of an inflationary cryptocurrency token declines, the purchasing power of the token drops as well. Essentially, it may take more of those tokens to purchase a product a few years from now than it takes today. Deflationary cryptocurrency tokens generally will increase in value over time. Demand for a limited supply of these deflationary tokens drives the value higher. As a result, the purchasing power of these tokens tends to increase. It may take fewer of these tokens to buy a product a few years from now compared to what it takes today.

Many of the top cryptocurrencies in use today are inflationary. Due to the extreme volatility of cryptocurrencies, shorter-term investments may make sense for some investors. In addition, some of the inflationary cryptocurrencies have mechanisms to limit the effect of inflation, and this may make them more appealing to some investors. What are some of the best inflationary cryptocurrencies available on Bybit?

 rose to popularity several years ago. While it quickly became well-known that it was created as a joke, investors have continued to flock to this 

. Soon after its debut, a large online community developed, and this community continues to be active today. Dogecoin’s popularity largely drove the token price upward initially. In fact, in August 2021, Dogecoin was recorded as the 

 by market capitalization. As of Jan 26, 2023, its ranking has dropped to ninth place. The value of DOGE is expected to decline steadily over the course of time. 

There are currently more than 137 billion DOGE tokens in circulation today. This supply increases annually by five billion, and there is no token supply limit. Dogecoin does not have any mechanisms to rein in inflation, such as a burning mechanism. Its value has been highly volatile throughout most of its history. The current 

 supports digital gaming and other forms of entertainment, and it uses FLOW as its native token. The platform has been specifically designed for ease of use by users and developers, and it has a built-in structuring mechanism to make it modular for future growth. FLOW can be used in the apps tied to the platform, and the tokens can also be traded, held or staked. FLOW is used to complete network functions and is in constant demand. 

Rather than creating and distributing tokens to recruit validator node operators, Flow runs off of decentralized communities. This results in Flow's inflationary structure. However, it stands out with its unique structure to minimize, but not eliminate, inflation. Specifically, 100% of FLOW’s inflation is 

 to its stakers. This means that dilution is kept in check as long as a user is an active participant. 

The circulating supply of FLOW is 1.04 billion, and the maximum supply is 1.41 billion. The current 

 has quickly risen to prominence since it debuted in 2020. It supports the development of DApps on its network. It also serves as an exchange for transactions without the need for a middleman. Polkadot is often compared to 

The circulating supply of DOT is close to 1.2 billion, and the total supply is nearly 1.28 billion. There is no maximum supply. However, Polkadot uses 

 to minimize the effect of inflation. This is accomplished through long-term staking rewards. Because of this unique mechanism, the price of DOT is relatively stable in comparison to many other inflationary cryptocurrencies. As of Jan 26, 2023, 

A deflationary cryptocurrency has a fixed supply of tokens. As a result, the value of the token will increase over time as demand increases. Cryptocurrency prices are highly volatile overall, so there could be wild swings in prices from day to day. However, over a longer period of time, the value may generally trend upward. This makes deflationary cryptocurrencies a reasonable, long-term investment option for some people. However, other factors impact cryptocurrency values as well, and all factors should be taken into consideration before buying any crypto coins. Here are some of the best deflationary cryptocurrencies you can consider buying on Bybit.

 is a digital payment network that functions with its native token, XRP. Unlike many other platforms, it does not use blockchain mining. Instead, its consensus mechanism is used to confirm transactions. This mechanism operates off of several bank-owned services. It is known for its fast processing times and low transaction fees. Ripple is often considered to be an alternative to the international payment system 

The circulating supply of XRP is 50.8 billion, and its 

 is $0.4111 (as of Jan 26, 2023). XRP has a maximum supply of 100 billion tokens, which were premined. 55 million of these tokens were locked up by Ripple and are slowly being released from their escrow status via 

. A very small transaction fee is charged for each Ripple transaction, and this fee is burned. 

 is a Layer 2 scaling solution that aims to support connections and networking of blockchains. By doing so, it has built an Ethereum-compatible, multi-chain blockchain ecosystem. It is comparable to Ethereum in that transaction processes use a 

 (PoS) mechanism. In addition, Ethereum supports the security of activities on the Polygon blockchain platform. The native Polygon token, MATIC, is primarily used for staking and paying fees. 

An important update to Polygon occurred in January 2022. At that time, the cryptocurrency introduced its new 

. This burning mechanism serves the important function of stabilizing the Polygon token supply.

The circulating supply of MATIC is close to 8.98 billion. The total supply and maximum supply of MATIC are set at 10 billion. The current 

 is a cryptocurrency exchange that allows users to buy and trade cryptocurrencies. Its native token is BNB, and some users choose to hold BNB as an investment. BNB can be traded on other exchanges, including Bybit. In addition, BNB can be used to purchase services and goods in the real world. BNB is subject to automated burns. This maintains its total supply near a fixed number. The number of tokens burned is adjusted as needed. Further, gas fees are collected on each transaction made on Binance, which are then burned. 

 is $305.33 (as of Jan 26, 2023). The circulating supply of BNB is almost 135 million, and the maximum supply is 200 million while the total supply is roughly 157 million.

Bitcoin is by far the most popular and well-known cryptocurrency in use today. To date, 19 million of its total supply of 21 million coins have been released and are in circulation. Some may argue that Bitcoin is actually inflationary because while it may seem like Bitcoin is close to reaching its limit, it has built-in mechanisms such as 

 to stretch this out. In fact, it is said that the limit is not expected to be reached for more than 100 years. 

However, as the amount that Bitcoin miners receive for their efforts gets smaller with each halving, the circulating supply is kept from growing too much at one time. Further, since there is a fixed supply of BTC available, there would be a limited supply once all BTC coins have been mined. This would result in the value of BTC gradually increasing over time. Hence, Bitcoin is ultimately a deflationary cryptocurrency.

There are inherent differences between inflationary and deflationary cryptocurrencies. The differentiation is determined by the token supply. In addition to specifying a hard cap or having an unlimited supply, cryptocurrencies may use burning and other mechanisms to control supply. Because token supply directly impacts the price of cryptocurrencies over a longer period of time, this is an important factor to consider when making a purchase or investment.

Inflationary vs. Deflationary Cryptocurrency: The Key Differences

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