Saga is a Layer 1 blockchain protocol that allows developers to design their own dedicated chains for running applications. Learn more in this article.

 universe right now is the lack of accessible tools for developers. Many people interested in designing new 

 projects struggle to find the right software developer kits (SDKs) for their projects. The Saga ecosystem aims to fix this issue by providing unparalleled support to app and game developers. 

Can the Saga ecosystem really become the premier chain for web3 development? Keep reading to learn how it works and see whether it's likely to attract new developers.

 blockchain protocol. It allows developers to design their own dedicated chains for running applications. People who work on Saga all share the same security, scaling solutions and SDKs, but they each get their own unique chain that they can customize to suit their needs.

 of technology, crypto and finance enthusiasts. CEO Rebecca Liao is a co-founder of the Skuchain project, the designer of the 

 and a former international corporate attorney. Other members of the founding team include former Tendermint executive Jin Kwon, Blocktech Ventures founder Bogdan Alexandrescu and 

. They realized that there was a major need for a development-focused blockchain specifically designed for game project development. Saga's mission has attracted many major investors, 

Saga aims to create a new system for web3 project developers. Currently, most developers have to choose between the ease of working on an established chain like 

 versus the convenience and customization of designing their own chain. The Saga team realized that the most effective option for game developers would actually be a combination of the two types of development environments.

Saga wants to let developers set up their own sovereign blockchain so they can decide how things like 

 and transaction fees work. However, Saga also aims to provide extensive support for developers in its ecosystem. Its underlying framework ensures that people still have excellent security and a reliable validator set, no matter what their gaming project is.

 ecosystem, whose interchain web development standard is a set of protocols that allows a broad variety of blockchains to communicate with each other. The Saga network uses the 

 and the shared security system of the Cosmos ecosystem to manage the network, and has created its own Layer 1 chain that runs the entire Saga ecosystem and can do things like automatically launching 

The Saga Mainnet handles each developer's compiled smart contract binary. However, it also runs parallel dedicated chains that function as virtual machine (VM) modules capable of handling a specific set of smart contracts. End users for blockchain games and other apps interact only with the dedicated blockchain, while the developer's system manages the fees and individual transactions on the Saga Mainnet.

All of the chains on Saga are validated through optimistic coordination, which requires every Saga validator to validate each chain in the Saga ecosystem via 

 validation, verifying transactions by temporarily locking Saga tokens.

The Saga network contains a lot more than just the basic features offered through the Cosmos SDK and ecosystem. In addition to the software development tools and helpful interface for Saga's validators and developers, the ecosystem also contains the following features.

The overall layout of the Saga ecosystem starts with the Saga Mainnet. Built on the Cosmos hub, this framework includes a full validator set and a dedicated blockchain for handling all smart contracts. The basic protocols are passed on to each child chain in the system, and information is relayed back and forth between the main chain and all of the secondary chains. Saga's validators stake tokens, and then check to make sure every element of the topology follows Saga’s regulations.

 are a method for creating a dedicated blockspace that a developer can manage. These chainlets function as virtual machines that can handle smart contracts and automatically launch Celestia rollups. Each chainlet is its own blockchain that handles nothing but a specific gaming project. Developers decide on the gas fees they'll charge users, and can add chainlets as their projects expand and require more throughput from the remaining validators.

Saga's shared security relies on both the Cosmos hub and its own set of validators to secure the network. Validators on Saga’s network are monitored by auditors who can catch potential issues with individual dedicated chains. If anyone in the validator set fails to properly confirm a smart contract, their staked tokens are automatically confiscated.

 is a publishing system for gaming developers who want to create their own blockchains with help from Saga. It offers infinite scalability, seamless 

 and transactions without gas fees. In addition to use of the Cosmos SDK, developers who choose to publish their game through Saga Origins receive access to a variety of helpful marketing and distribution tools.

 is an interconnected blend of all the developers and projects in the Saga system. Though each sovereign blockchain is fully independent of others, they all join together to offer users a variety of exciting web3 projects. People interested in checking out the latest blockchain designs can join the Multiverse and browse all the neat concepts built on Saga.

To help get the Saga validator system started, Saga released 

 to its community members. People were eligible for the 

 if they had participated in the staking program or played in tournaments to promote Saga ecosystem games. The airdrop eligibility period required remaining validators and other participants to be active between January and October of 2023. Once the airdrop began allowing people to claim tokens, it continued to run until Mar 27, 2024.

 consists of four separate phases. The company has already completed the Andromeda and Cassiopeia phases, which focused on designing the Mainnet and setting up the system of Saga validators. Currently, the Saga team is in the Pegasus phase, which is about releasing tokens and opening the Saga Mainnet to the public. Sometime in late 2022, Saga’s team hopes to reach their Mainnet V2 phase, which will prioritize a new version of the Saga Mainnet with more features and options for dedicated blockspace.

SAGA tokens are the primary method for paying fees on the Saga network. These tokens are also used for staking, and function as a method of confirming Saga transactions. There are a total of 

, of which around 90 million have thus far been released. Saga plans to distribute its tokens as follows:

SAGA is still in the early stages of its token launch. However, it’s already surprised investors, having debuted at $4.91 on Apr 9, 2024 before quickly surging to its ATH to date of $7.60. It then steadily declined over the next few days to its current price of $3.06 as of Apr 19, 2024.

 SAGA, with its experts believing SAGA’s price will reach $15.73 by 2025 and decrease in 2027 to $6.27, before rising again to $13.45 by 2030. This bullish sentiment is amplified by analysts at Changelly, 

 SAGA’s price will increase to $6.91 in 2025, $14.21 in 2027 and $44.36 in 2030.

Looking to trade Saga tokens? Bybit now offers SAGAUSDT Perpetual contracts. To get started, you’ll first need to 

, then fund it with cryptocurrency and navigate to the 

SAGA has done an extremely impressive job of attracting users, and seems poised to become the big coin debut of April 2024 with its high price.

However, it's hard to say whether SAGA can maintain its price in the long run. It's quite common for new startups to have a strong start and then drop in price once their project fails to take off. If the Saga ecosystem can’t attract new developers and continue to release impressive projects, investors could see some major SAGA losses in the future.

Since this coin is so volatile right now, investors need to 

. It has the potential for both big profits and big losses, so you’ll want to carefully consider how these price shifts might affect your portfolio. For best results, avoid investing more than you can afford to lose, make sure you diversify your investments — and 

By offering developers the chance to create their own dedicated chains, Saga offers a more convenient and scalable system for blockchain gaming. Its helpful features and low transaction fees have already attracted many people, and it's no surprise that many others are interested in the project. Furthermore, SAGA tokens have had a promising start with extremely impressive growth. If the Saga company can successfully capitalize on its early buzz, it has a bright future.

Intermediate

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Saga (SAGA): Catalyzing the Multiverse With Scalable Chains

Discover Masa, a platform empowering individuals to control and monetize their data, decentralizing AI storage and promoting ethical data sharing.

Few areas of the crypto industry are as popular these days as artificial intelligence (AI). AI-related tokens and projects experience some of the highest growth rates, with particular interest attached to generative AI technology and large language models (LLMs), all thanks to OpenAI's massively popular ChatGPT tool. This is no surprise, as blockchain technology has the potential to address many of the limitations of LLM algorithms, particularly those related to the issues of data and centralization of AI models.

The Masa network (MASA) is a new AI-focused crypto platform that brings a fresh paradigm to the world by allowing individuals to control and monetize their personal data. Its platform also contributes to the AI revolution by decentralizing the storage of both the user data and the LLMs utilizing it.

 (MASA) is a blockchain platform that provides access to user-consented, hyper-specific behavioral and personal data and decentralized LLM algorithms. 

The platform launched its operations on Apr 11, 2024. Masa operates as a subnet on the 

 (AVAX) blockchain. To enable cross-chain functionality, it has also integrated 

 technology. This lets Masa bridge assets, initially to two key blockchains, 

 (BSC), with additional chains to be added in the future.

Masa provides user-consented AI data that’s stored in a decentralized way. As of mid-April 2024, more than 40 million data points from over 1.4 million 

 user wallets are available via its permissionless data layer. Masa represents an entirely new decentralized AI paradigm: while most data providers use centralized storage solutions, its platform's data is always stored in a decentralized, blockchain-based format.

The data made available via Masa’s platform is user-consented for collection and privacy-protected using its Zero-Knowledge 

 (zkSBT) technology, which allows users to share their personal data securely and confidentially by storing this encrypted data on the blockchain. Thanks to the zkSBT, users can share fairly detailed personal data while protecting their identities and the specifics of their online activities.

This user-consented data is directly sourced from users through the Masa App and Masa Chrome browser extension with their consent. Users have complete control over their data, which is collected in a highly detailed, verified and ethical manner. 

As such, it's different from the typical user-aggregated data collected from the internet by companies. Compared to user-consented data, user-aggregated data tends to be less granular and, obviously, has ethical strings attached to it: in most cases, users don't consent to the collection of such data, or (at best) provide reluctant consent by clicking on annoying "Accept All Cookies" buttons.

While focusing mostly on user-consented data, the Masa platform also offers developers a way to access user-aggregated data for a richer data network. Using Masa's web data scraper, developers can extract data from websites, social media posts, blogs and online databases.

User-aggregated data is collected by data node workers via the Masa Oracle network and Masa Chrome extension and stored on the platform, benefiting from the 

In addition to datasets, Masa enables the decentralized execution of LLM algorithms, facilitated by the Oracle node workers, who leverage their surplus CPU and GPU computing power to run open-source LLMs for fine-tuning AI models.

The Masa project aspires to achieve goals crucial to the development of all data and AI industries. First, Masa allows individuals to completely control their own personal data by choosing what to share with the outside world while protecting their confidentiality. The blockchain-based storage mode also ensures the security of the stored data. Additionally, users can monetize access to their personal data, becoming a major beneficiary of its use.

All of these benefits are in stark contrast to the traditional way user data is collected, stored and used on Web 2.0 platforms. In this traditional mode, one is often unaware of what personal data is collected about them, as well as when and by whom. Although the data used for analytics purposes might be in an aggregated form, together with the details of other online users, individual users are still part of the "guinea pig" cohort whose details have been unceremoniously extracted and utilized without their knowledge or consent.

Moreover, when hit online with some fairly relevant advertising based on past search phrases, one begins to realize that data isn't always used in an aggregated format. In fact, its utilization can be quite personalized. And of course, in the traditional mode of data collection, we’re all rarely reimbursed for the data we share.

Another aim of the Masa project is to provide a secure and efficient decentralized infrastructure for running LLM algorithms. Traditional, centralized hosting solutions for AI models face challenges, such as technical capacity and security issues. For instance, many centrally hosted LLM-based solutions suffer from performance degradation when large numbers of users access them simultaneously. Masa's approach to leveraging decentralized resources for running open-source LLMs efficiently addresses these capacity limitations, providing enhanced scalability and reliability for AI applications.

Masa operates as a subnet on the Avalanche blockchain, using cross-chain communications supported by LayerZero to access other networks as well. Avalanche subnets are completely independent 

 networks with their own set of rules and functionalities. Subnets, including Masa, use Avalanche's validators, or a subset of validators, to secure the network and achieve consensus.

Besides the validators, the Masa network has another type of functional nodes — 

. These special Masa nodes play a critical role in providing structured data and advanced AI models while prioritizing data privacy.

The Masa Oracle network acts as a decentralized web scraper, gathering data from the internet and organizing it for AI training and development. This approach gives developers access to hyper-personalized training data to improve language model performance. It also supports the decentralization of LLMs, making them easily accessible without complex setup.

As mentioned above, users can manage access to and monetization of their personal data via Zero-Knowledge Soulbound Tokens (zkSBTs), which provide a secure way of providing access to users’ personal data without compromising their privacy.

 is the main gateway for users to interact with the Masa platform. It lets them provide access to personal data and earn crypto rewards by staking data in four different ways:

Masa’s native cryptocurrency, MASA, is a utility and 

 used to reward users for providing their data to the network. 

 MASA also earns you crypto rewards. Entities who wish to utilize data held by the network pay for access to it in MASA tokens. The token is also used to reward the Oracle nodes.

As a governance token, MASA lets you participate in votes on any changes and upgrades to the platform's rules or fee structure.

The token's supply economics doesn't specify a maximum cap. MASA's total supply is 1,588,866,523, which will be released gradually over a period of around four years starting in April 2024. Token supply allocation shares are per the table below.

The MASA token is available on Bybit via a 

. Bybit's Spot and Derivatives markets provide you with opportunities to trade hundreds of cryptocurrencies and crypto-based products. If you don’t have a Bybit account, you can easily 

 to access Bybit's range of crypto products and assets.

The Masa network is a refreshing addition to the data industry, whose user consent and privacy have been under attack for many years. The Masa platform puts data ownership in users' hands, allowing them to control access to their data and benefit from its monetization. As online privacy concerns and invasive Web 2.0 advertising shenanigans grow, more users will be attracted to Masa's unique data concept.

In addition to allowing individuals to control and monetize their data, Masa also contributes significantly to the development of 

, which is important because the decentralized mode of data and model storage championed by the platform has the potential to solve many technical limitations of LLMs and other types of AI algorithms. This is a network full of merit and promise; all it needs now is wider recognition and user adoption.

Advanced

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Masa (MASA): Powering AI With User-Centric Data Monetization

Today’s outperformer is LSK, which jumped 17.63% after Lisk partners with Velodrome to enhance blockchain access and drive ecosystem growth.

The SPX index is down 0.22% as the market anticipates less Federal Reserve rate cuts, considering the possibility of no cuts this year. The broader cryptocurrency market is up, with Bitcoin and Ether rising by 4.18% and 3.19%, respectively in the past 24 hours.

Lisk (LSK), launched on May 2016, is a cryptocurrency platform that enables developers to build decentralized applications (dapps) using JavaScript and TypeScript. It supports custom "sidechains" within its network, offering tools like a software development kit. Lisk has announced a partnership with Velodrome to support and expand its blockchain ecosystem. Lisk will purchase and lock $VELO tokens for voting, directing VELO emissions to key pairs on Lisk. This collaboration aims to support existing protocols on Lisk, attract new developers, and enhance blockchain accessibility and adoption in emerging markets. Velodrome will back Lisk's Layer 2 initiatives, aligning with the goal of creating a scalable, interoperable Ethereum future.

Check Out the Latest Prices, Charts, and Data of 

The Runes protocol is set to debut alongside Bitcoin's 2024 halving, heralding a new phase in Bitcoin's evolution by enabling the creation of fungible tokens directly on its network. This follows the impactful Ordinals protocol, which significantly expanded Bitcoin's functionalities. The Runes protocol will spark competition among developers to issue and acquire the first tokens, with global exchanges ready to support these tokens from day one. The halving event will also feature a race to mine a highly valuable "Epic" satoshi. As Bitcoin approaches this transformative era, extensive preparations and educational initiatives are underway to equip users for the forthcoming changes, marking a profound shift in Bitcoin's operational and cultural landscape.

Spot Bitcoin ETFs have yet another day of outflow, however, yesterday’s outflow was close to neutral. The market has seen fluctuating flows in these ETFs, with significant activity in some and none in others, reflecting mixed investor reactions. Recent substantial outflows echo trends from March, but analysts regard such fluctuations as typical for ETFs and not indicative of failure. Despite this volatility, the outlook for Bitcoin ETFs remains positive as they continue to draw institutional interest and shape market dynamics.

Avail, a blockchain data-availability protocol developed using Polygon’s SDK, has announced an airdrop of 600 million AVAIL tokens, marking its one-year anniversary since spinning off from Polygon Labs. The "Unification Drop" aims to bring together various blockchain communities by rewarding developers, governance contributors, educators, rollup users, stakers, and others who have significantly contributed to the ecosystem. Avail's infrastructure includes three segments: Nexus for cross-chain transactions, Fusion for liquid staking on chains like Ethereum and Bitcoin, and DA for scaling rollups through technologies like KZG commitments. The airdrop will distribute tokens to 354,605 wallet addresses and includes significant allocations for various roles across multiple blockchains, including Ethereum, Bitcoin, Solana, Cosmos, and more, emphasizing a unified Web3 environment.

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Runes Protocol Revolutionizes Bitcoin with New Token Capabilities Ahead of 2024 Halving

Nolus is a decentralized finance lending protocol with cross-chain capabilities. Learn more about how it works in this article.

One of the big advantages of decentralized finance (

) is that it provides more options for users. People who cannot get traditional loans because a typical bank deems them "high-risk" can turn to the DeFi sector to borrow crypto assets. The Nolus Protocol is a new DeFi lender that offers users all sorts of exciting opportunities. To see how this intriguing project works, explore this guide to learn all about Nolus.

 is a DeFi lending protocol. It has cross-chain capabilities that let people choose the most favorable rates possible and avoid the need to save up funds for liquidity.

Nolus was founded by Ivan Kostov and Kamen Trendafilov. Kostov worked in traditional finance, while Trendafilov has a background in marketing and business. During their time in these sectors, Nolus's founders realized that blockchain networks had the potential to revolutionize banking. They decided to join together and create a new leasing system that makes the most of DeFi products instead of just trying to mimic past banking methods.

Nolus started work on its plans in 2022 and officially launched its mainnet in 2023, having successfully completed several investing rounds and receiving 

 Token Metrics, Autonomy Capital, Everstake and more.

Nolus aims to tackle three problems common in crypto lending markets:

 software developer kit (SDK). Its code is entirely open sourced, and is updated and changed only when all stakeholders in the Nolus community vote to do so. According to the Nolus white paper, its ecosystem’s goal is “to build a novel user experience–driven automated money market” that facilitates direct interactions between lenders and borrowers without involving any other users.

The Nolus lending method starts with lenders choosing to supply 

 to the system. Any borrower who submits a down payment can get a loan from this supply of stablecoins. Both the coins and the down payment are 

, and interest is determined based on the value of the items. There’s no fixed repayment schedule, but the smart contracts ensure that interest is automatically removed from the collateral, and then paid to the lender at regular intervals. Once the user decides to repay the lease, the original assets are released from the smart contract.

Nolus's lending protocol includes many ways for customers to profit and enjoy convenient services. Here are the main DeFi products you can access through Nolus.

DeFi leasing on Nolus is designed to be as convenient as possible. Customers don’t have to go through a lengthy application or pay a lot of fees to other users. You just enter your collateral and get a loan of up to three times the value of the initial investment. Interest rates vary between 11% and 18%, based on the market value of the digital assets. The 

 allow the loan to be repaid on your own schedule. However, keep in mind that you pay more interest if you wait a longer amount of time to repay the loan.

If you want to earn money based on your existing crypto, you can join one of the many 

 on Nolus by submitting stablecoins in exchange for interest-bearing Nolus crypto. When you're ready to withdraw your funds and stop participating in DeFi leasing, you can cash out your Nolus tokens to receive your initial asset, plus any additional interest or network fees you’ve earned.

Nolus's system of money markets isn't the only thing they provide. Users who decide to 

 a crypto asset on Nolus can earn more money. The Nolus ecosystem offers the option of staking NLS tokens in exchange for various incentives. Lenders receive higher amounts of rewards for lending stablecoins, and borrowers get a lower interest rate.

Nolus has had some impressive growth since its launch in 2023. In just six months, the lending protocol has assisted with thousands of loans, collectively worth $8.6 million in total. Its team calculates that they've managed to achieve an average 

Nolus hopes to expand on this momentum in 2024. Its main plan is to continue marketing the lending protocol heavily, attracting more users who want to do their own research and find the best possible loans. To further attract users from the DeFi sector, Nolus aims to add more support for other crypto tokens and increase network liquidity. Nolus stands for community-led governance, so they don't have a long-term road map in place. Instead, they plan to evolve and adjust to suit whatever community needs arise in the future.

. It allows users to adjust their interest rates, and it's also a 

. People with NLS tokens can vote on how the platform is run and help implement new changes for the platform. The NLS token has a total supply of 1 billion. Nolus’s plan is to gradually mint tokens over a ten-year period, and implement a token buyback program to help maintain value. NLS token distribution will be as follows:

When the NLS token was released in the summer of 2023, Nolus prices were fairly stable. However, now that investors can sell their NLS tokens, prices have become more volatile. Starting in December 2023, NLS prices 

, and although the token currently seems to be dropping from its all-time high of $0.10, more price increases seem likely in the future.

Not only is the market for the NLS token quite bullish right now, but the Nolus lending protocol is also attracting a lot of positive attention in the crypto space. If the network can maintain its positive attention and attract more users, prices seem likely to rise even further. CoinCodex predicts Nolus prices will stay in the $0.04 to $0.19 range for 2025, and hit 

. This attitude is backed up by crypto influencers such as Crypto Revolution, 

 an underrated crypto with a lot of potential for growth.

The Nolus project is a well-thought-out crypto protocol that offers users significant advantages. Its innovative approach to lending could potentially attract a lot of users from the DeFi space. In addition to having a reliable system backed with effective technology and a detailed white paper, NLS digital assets have also experienced some promising growth patterns. The crypto asset has had a slow yet steady climb in price, and now that it's trending in crypto news, it seems poised to take off.

However, keep in mind that it's still important to 

 on digital assets. Some crypto investors might find it concerning that the Nolus project is mostly backed by marketers, instead of blockchain enthusiasts. There have also been some tech issues, such as the 

 that led to some unnecessary margin calls. Subsequent issues could limit price appreciation of its crypto assets. Therefore, it's necessary to approach Nolus with caution and not overextend your finances.

Nolus's DeFi lease system allows people to obtain easy access to crypto. Its innovative approach provides investors with significant advantages. Unlike traditional finance, there's no lengthy application process, and in contrast to many other blockchain networks Nolus doesn't have frequent margin calls or high network fees. As long as Nolus doesn't run into any technological issues or financial problems, its network is likely to have a lot of success in the DeFi space.

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Nolus (NLS): Crafting Liquidity's Future With Leading DeFi Leases

Trading

If you’re keen to learn how to trade cryptocurrency, it naturally means you’re ready to embrace the volatility and the expeditious trends. While

Trading.jpeg

If you’re keen to learn how to trade cryptocurrency, it naturally means you’re ready to embrace the volatility and the expeditious trends. While volatility brings uncertainties to the market, it can open up innumerable opportunities in the decentralized paradigm. 

The upshot? Cryptocurrency trading is not only the most prominent and society-redefining trend in the current financial market. Its growth is speculated to resonate in three upcoming years. Of course, it’s common to find yourself struggling to understand the concept of crypto trading, crypto ecosystem, crypto exchange, or wondering how to trade cryptocurrency.

Here’s the comprehensive crypto trading guide and tutorial that deciphers the trading processes, risks, legality, and ultimately, ensures you master the art of crypto trading.

5 Ways to Trade Cryptocurrency Successfully

The best way to trade cryptocurrency is first to understand the concept. Then, validate the exchanges’ security, decide on wallet types, and embrace different crypto trading methodologies. Always be logical yet quick to react to market volatility. In contrast, the key to successful crypto trading is to set a limit.

Regardless, of it’s fiat to crypto trading or crypto to crypto trading, you’ll understand the trading process’s details, crypto exchange and learn how to trade crypto in five simple steps.

Depending on your specific preferences, you can start trading cryptocurrency by buying digital currencies, mining crypto, or even staking to earn yield rewards. Ultimately, your choice of trades will yield different results. 

Most beginners would tap into the crypto world through the centralized exchanges of fiat money for cryptocurrency. Mainly because the fiat-to-crypto gateways widely boast of flexibility rather than complexity. Traders who are keen on fiat-to-crypto trading can expect seamless transactions with preferred cryptocurrencies and any money payment methods. The minimum requirement is to make sure the chosen exchange platform supports fiat money to cryptocurrency. From there, traders can then deposit money and perform the buy or sell process within its account. 

Traders will only be trading crypto in the exchange from one crypto to another. However, traders are required to be aware that most of the current crypto exchanges focus only on Bitcoin (BTC) to other cryptocurrencies. What remains the same is that a trader needs to create a cryptocurrency exchange account and list his assets to open a position. Before the selling of crypto, it is secured in hot or cold wallet storage.

Staking is a less cognitive and labor-intensive alternative to coin mining. Unlike trading, users enter the crypto world without asset investment but rather earn staking rewards by maintaining network security. It usually consists of validating a transaction, holding coins in a wallet, or delegating funds to a staking pool. Although staking is resistant to cryptocurrency market manipulation, the rules and regulations are subject to change. Mainly it’s used to mitigate the artificial inflation of a project for a higher staking return. 

Crypto was once just a bubble in a niche industry. But unlike ten years ago, the crypto ecosystem has evolved into a diversified financial sector. It now comprises crypto exchanges, blockchain protocols, information aggregations, mobile apps, and a developing regulatory environment, thanks to the unique underlying decentralized nature. 

When trading crypto, a trader can eradicate the obscurity of transactions. As opposed to performing a transaction via a central server, the crypto network utilizes a system of

 that foster transparency. That means when a trader bought or sold a cryptocurrency, the transaction will be recorded to a shared digital ledger (blockchain) that is immutable. It’s completely automated, and it also cuts down on operational inefficiencies significantly.

Centralized Finance (CeFi) or Decentralized Finance (

The advent of blockchain has evolved for further diversification and innovation that’ll only benefit the crypto community. What 

 is the transferability of risks. A CeFi user can be assured of the escrowed funds. While 

 boasts of its independence by adhering to the protocols and autonomous controls. For example, decentralized exchanges (

) builds their structure through the peer-to-peer marketplace on blockchain to allow traders to be the custodian of their funds.

Discern the factors of Cryptocurrency Market Movement

The main constituent of a crypto trade is demand and supply. Meanwhile, there are a variety of factors that can exert influence on capital mobility. That includes market price manipulation, crypto news, political and government ordinances, the sustainability of the crypto ecosystem, scarcity, utilization of the supply of crypto alternatives, and more. 

Profit is a direct reflection of a trading strategy. Beyond investing in crypto, adopting a strategic trading approach can make all the difference. Below are some of the methods to trade cryptocurrency:

Day trading features a similar tactic as scalping; it involves long and short within minutes. Typically, it involves trading on a day. What distinguishes intra-day and day trading is that it allows traders to hold an open position over a day. As long as the crypto market stays open, intra-day traders will not be affected. 

So, for day traders who’re keen on owning the cryptocurrency, you’ll need an exchange to trade on its price. As opposed to price speculation, you’ll be needing a broker. When you’re connected to a broker, the plus point is you can run through the purchase or sale of crypto on a broker demo account. But if you own an actual coin in exchange, practicing without losing money is not possible.

When range trading, traders need to consolidate a pool of coins before selling it at a higher price. The standard practice includes trading within a range. A range trader will make a transaction regardless of the market’s low and high. As long as the price is within the price range, a trader will act.

, it usually involves a larger amount of trade where a trader intends to hold an open position for a longer period of time. Swing traders usually do not check or trade regularly but rather deal within a few days or weeks. Most of the time, a swing trader uses analytic tools and research to determine the 

, relative strength index (rsi), and investment trends preparatory to a trade.

Security is essential when it comes to crypto trading. A reliable and secure cryptocurrency trading platform with a vital security feature is a plus. Not only can it minimize the risks of a fund transfer; traders can purchase or trade with ease. Here are some must-have requirements to narrow down your choices:

A good thing to know is that the failure rate of cryptocurrency is high. That means, before diving into a coin, it’s best to research its prospects. The last thing you want is another disappearance of a large group in the crypto paradigm.

The Differences: Investing vs. Trading Crypto

The term ‘investing and trading’ is used interchangeably in the cryptocurrency market. While these terms are inextricably intertwined, there’s indeed a difference. The most fundamental 

is that it requires a distinctly different mindset and tactics to make money in the crypto market. So, should you be trading or investing in crypto? Here’s an overview of the differences: 

Investors tend to have a longer-term outlook. That means a trader is prepared to commit over an extended time to these digital assets for more massive returns. Generally, it means investors intend to buy and hold (HODL) cryptocurrencies regardless of market volatility.  

Investors usually create a position at the lowest price and gradually build wealth through price appreciation of the project’s digital assets and shares. Investing in cryptocurrency usually involves minimal buying and selling assets. However, hedging is quintessential to managing any of the open positions. Principally, investing in cryptocurrency means you are in for the long haul, even if there are price fluctuations. 

As compared to crypto investment, traders lay hold of profits through the rise and fall of markets. That also translates to the enter and exit of a position over a shorter time frame for smaller but more frequent profits. When it comes to trading crypto, the most fundamental principle is to buy low and sell high in a considerably short period. The goal is to maximize the potential percentage of gains based on short-term price trends. Ultimately, to maximize capital growth and preservation.

Anyone can start trading cryptocurrency. But it’s undoubtedly confusing at the beginning. The crypto trading process itself differs from trading on fiat exchanges. Ultimately, the question any beginner would ask is how to start trading cryptocurrency? Here’s a list of requirements to help you kickstart your trading journey and start earning passive income.

The best way to start trading cryptocurrency is first to decide on an exchange to trade on. Similar to forex trading, novice users need to first register and deposit funds into the account hosted by the crypto exchange. A trader can only initiate the trading process upon the completion of the signups.

When selecting a cryptocurrency exchange, there are a few factors that may sway your decision. That includes geographical restrictions, transaction fees, technical support, security, ease of use, and leverage. But since cybersecurity is on edge, trading on cryptocurrency exchanges that use cold wallets is best to steer clear of these notorious hackers.

The use of a cryptocurrency wallet is inevitable to store and retrieve any digital assets. Since crypto is vulnerable to security hacks, using an integrated cryptocurrency wallet, preferably a cold wallet, is vital to safeguard your private keys. Yes, there is an overwhelming selection of crypto wallets ranging from Coinbase wallet, Binance trust wallet, to Poloniex wallet.

To narrow down your selection, make sure the wallets are compatible with your geographically needs. A crypto wallet with robust security, including password and data encryption, intuitive interface, and two-factor authenticator verification (2FA), is a plus. 

A wallet is a tool for cryptocurrency owners to store, receive, or send crypto from one to another. While a hot wallet does not steer away from its primary function, it’s instead built based on the internet ecosystem. 

A hot wallet works best to facilitate the decentralized blockchain ledger’s changes rather than storing a currency. And the linked public and private keys are essential to activate any transactions.

While the hot wallet’s security and safety are debatable, the vulnerability still lies upon a user’s behavior. However, it’s undeniable that hot wallets are prone to hacking because of their online private keys storing nature. The chances for hackers infiltrating a hot wallet are high but can be prevented through a hot wallet’s strategic use. For example, keeping a small amount of cryptocurrency in a hot wallet is less likely to be targeted for hacks. It’s simply not worth the effort of hacking into an account with little tokens. 

 Suitable for those who intend to access crypto easily and more frequently. It’s easy to set up and accepts more variety of tokens.

On the contrary, a cold wallet does not utilize internet connectivity to store any cryptocurrencies. A cold wallet, aka cold storage, is a digital wallet that holds personal information, including private keys offline on a platform that is only accessible physically. Hence, preventing cyber infiltration online. 

These cold wallets can be in the form of paper or hardware, depending on your likings. As the name suggests, a paper wallet exists when a cryptocurrency owner records its private keys on a piece of paper. As for hardware wallets, it can appear in the form of a remote device connected to the internet when used and disconnects when the transaction is over. This hardware can be in the form of a USB stick or a memory chip. 

It is best to keep in mind that cryptocurrencies are volatile assets. Naturally, these assets’ prices fluctuate over time within a span of a few minutes or hours. Staying up-to-date with the unceasing 

 is keeping abreast of the crypto trends, events, or the latest news. It’s also worth keeping an eye on the data, including 

Trading crypto is no different from Forex. The goal is to maximize profits with as little loss as possible. When it comes to trading, losing is inevitable; the key is how we can minimize these losses? Here are some common crypto trading mistakes you should avoid:

Trading cryptocurrency with leverage is legal, and it’s often used due to its efficiency. It is great to maximize the returns for profitable trades; however, it also magnifies losses when the crypto market favors your predictions. In short, when a crypto trader is over-leveraged, it increases crypto volatility. 

The use of position sizing is great to mitigate risks in a leveraged trade. When a position size is set, it’s clear that you can’t lose more than what you’ve selected to lose on a single transaction.

As the name suggests, revenge trading has a psychological effect on a trader who attempts to win back the losses by entering the market with a larger and riskier trade. Of course, there are chances of winning back what you lost. But, it’s riskier than you think.

Here are some of the symptoms that show you’re performing a revenge trade:

The best way to overcome these crypto trading mistakes is to set your emotions aside and get analytical to identify what went wrong. Be aware of the errors, and don’t repeat them ever again.

Cryptocurrency is still a good investment despite its volatility. While these uncertainties can be doubtful, they can also open up new opportunities for profit gains. Cryptocurrency is the future given that Bitcoin’s prospect is beaming, and there are plenty of decentralized projects lining up. For example, many international entities like Microsoft, Visa, Paypal, Square are already placing their crypto bets into the crypto marketplace. These projects will only continue to strengthen the crypto position in the financial industry. 

Investing in cryptocurrency means transparency is prioritized. Its intuitive nature makes a deposit, options, transaction, and a contract pellucid. Any actions can be taken without any access or involvement of an intermediary. It is dependable and only relies on the technology built on the blockchain. 

The development of decentralized finance (Defi) also further increases transparency in the ecosystem by impeding the centralized structures directly on the blockchain. 

Is Trading Crypto a Good Passive Income Source? 

Trading in crypto requires more frequent actions and strategic decisions as compared to investing in crypto. While traders rely on more significant returns through active trading, HODL crypto is a better option to earn passive income. 

Alternatively, coin mining, staking, and affiliate require little to no capital depositing to earn passive income. The challenging part includes the sustainability of these approaches. So, depending on your choice and expertise, making passive income with crypto is possible.

Whoever complies with the trade regulations can trade Bitcoin and other cryptocurrencies in general. However, it highly depends on geographical constraints and legality. While some countries treated Bitcoin (BTC) as a commodity and currency, there are some nations outlaw the utilization of digital currency. Mainly because of its decentralized nature that is against the existing monetary system. 

Here’s a list of the countries that are against the trade of Bitcoin and cryptocurrency: 

Bitcoin is restricted and prohibited from trading:

*Please refer to the local regulations before proceeding to trade cryptocurrency. The rules are subjected to change based on the local authority. Bybit holds no responsibility for any misinterpretation of the above data.

Bitcoin and cryptocurrency trading possesses a bright future, given that decentralization is favorable by the public in improving fair provisions and perceptions on economic development. One can agree that Bitcoin and crypto, in general, are gaining momentum and recognition from the crowd. Its value continued to spike and is speculated to reach new heights in the marketplace in the coming future. 

How to Trade Cryptocurrency for Sustainable Profits in 2022

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