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“I was blown away by how smooth the process of buying XRP was on Uphold...”

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Axelar is a PoS (proof-of-stake) blockchain that enables cross-chain activity. 

Here’s how Axelar describes themselves: 

For example, if a developer builds a decentralized application (dApp), Axelar makes it really easy for them to transfer that dApp onto a range of different blockchains. It also simplifies the process of transferring assets between blockchains for users, thereby supporting blockchain interoperability. Axelar has even been likened to the ‘Stripe for Web3’.

The Axelar network is made up of three components:

AXL is used to validate and secure the network. It’s also used as a medium of exchange.

With Uphold, you can buy digital currencies in just 11 clicks - even if you don’t have an account yet. 

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Corporate Website Price Page - Axelar (AXL) price

Axelar (AXL)

Digital currencies are very high risk. Do not invest money you can’t afford to lose. Please consider the suitability of crypto for your individual position before trading.

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XRP is the cryptocurrency used by the RippleNET payment platform. Banks and other traditional financial institutions are known for their slow and expensive transactions; Ripple is trying to build a global settlement network, specifically designed to solve these problems and provide a cheaper, faster, and friction-free payments system.

Ripple describes RippleNET as "a decentralised global network of banks and payment providers using Ripple's distributed financial technology, which provides real-time messaging, clearing, and settlement of financial transactions."

XRP is the native token fuelling the XRP ledger open-source software. There’s a total market capitalization of 100 billion XRP.

XRP not only has one of the fastest confirmation times in the industry but also is capable of handling around 1,500 transactions per second.

Although the total supply is large in comparison with other digital assets, not all XRP is circulating in the market. The Ripple Labs company still holds a high percentage of the total supply, which is reserved for the ongoing funding and development of RippleNET. 

A big part of the XRP value proposition derives from the fact that a certain amount of XRP coins are burned after every transaction, making it deflationary by nature. Also, XRP requires a minimum of 20 XRP for every new wallet address assigned. 

Like many cryptocurrencies, XRP doesn’t require a whole-unit purchase. You can buy fractions of XRP in fact, a single XRP is divisible up to six decimal points, with 0.000001 being the smallest unit, known as a "drop". 

1 XRP is equivalent to 1,000,000 drops. 

A common view of cryptocurrencies is that they have no intrinsic value. 

While this may ring true compared with traditional financial assets, cryptocurrencies do in fact possess enormous intrinsic value. They represent the first time in history that anyone, virtually anywhere with a smartphone or laptop can move value worldwide without touching the legacy financial system. 

The price of XRP is ultimately determined by the law of the market supply and demand. Traders put up asking (selling) and bids (buying) orders and the order book matching process at exchanges creates the current XRP price chart, No surprise: it’s constantly changing.

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Corporate Website Price Page - Ripple (XRP) Price

XRP Price

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DigiByte is a cryptocurrency focused on security, speed, and decentralization. It started back in 2013 and is one of the older crypto projects. 

Despite its age and ongoing development, Digibyte has kept below the radar compared with the hype-train of some competitors. 
Digibyte supporters reckon DGB is the ‘Sleeping giant of crypto.’ 

Digibyte is a faster, more secure version of Bitcoin and is only created (like Bitcoin) by mining. Its USP; a currency to be used online as a payment method, but also as a store of value. 

In May 2019, DigiByte launched DigiAssets, their scalable second-layer architecture, which sits on top of the DigiByte blockchain offering decentralized issuance of DApps and smart contracts.

Like most altcoins, Digibyte was created to fix the deficiencies of Bitcoin. The core issue for Digibyte is security. Virtually everything we now do is online – real-time information, data, finances etc. 

Although there have been countless attempts to improve online security, none has really succeeded

DigiByte aims to provide absolute security for data, information, and resources, as well as decentralization for users. Most cryptos are not wholly decentralized as they are controlled by individuals and private companies rather than the community. 

Digibyte’s open-source mining system is widely considered to be among the most decentralized in the business. Its latest mining algorithm, Odocrypt, rewrites itself every ten days. MultiShield followed real-time adjustment mechanism DigiShield, and both are regarded, in the cybersecurity industry, to be groundbreaking.

DGB is in plentiful supply. There are 13,465,726,269 DGB in circulating supply. The total supply is 21,000,000,000.

What the bears are saying about DigiByte (DGB)

Trouble at the top?
Back in May 2020, Jared Tate, the founder of Digibyte, stepped down from the day-to-day operations of the project, citing too many investors in the space abusing crypto and just using it as a mechanism to profit. 
This could worry investors, but Digibyte is still a project to watch in the short to medium term. 

Hype & volatility:
Sometimes it can be hard to get behind a project when the hype train is going full steam ahead. In early 2020, the token rose over 900% in price and then crashed into bear territory. Volatility of such magnitude scares off investors.

What the bulls are saying about DigiByte (DGB)

Security:
Security is a massive USP for Digibyte. This could be the key to attracting new partnerships to enable the project to scale. 

Community:
Remember, Digibyte has been around for a long time compared with the new kids on the block. With this comes a loyal fanatical following.
How did they get a community so loyal? Because their project is truly decentralized and their mission has always been to create a project centered on people and social values. 

Scalability:
Digibyte can support over 48 million transactions a day – that’s ten times the current transaction volume of the top 50 blockchains by market cap. There is a lot to be positive about if they can get adoption.

Corporate Website Price Page - DigiByte (DGB) Price

DigiByte (DGB) Price

Note: this cryptocurrency is not available for withdrawal to external crypto wallets. It can be bought, held, and sold on Uphold.

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Dogecoin was created in December 2013. It's often referred to as the ‘meme’ coin and for good reason. Doge was created as Bitcoin started to be taken seriously and subsequently became valuable.

The creators of Doge thought that crypto should be a laugh and not so uptight.  So they came up with an alternative coin whose goal was to make the industry fun again.

Dogecoin took the community spirit of crypto to new levels. Followers of Dogecoin call themselves Shibes. They even have their own Shibe language made up of funny broken English phrases like, “such amazing”, “much grateful” and “many works”.

You could argue Dogecoin was created as a joke - but the crypto has a huge following and community members ‘tip’ each other Doge for content. 

The developers of Dogecoin haven’t made any changes to the crypto since 2015. There are three developers who work as part-time volunteers. Apart from security updates, the core code remains the same

The goal is to become the defacto standard fun cryptocurrency with a strong community. Elon Musk says Dogecoin is his favorite crypto.

Simply put, like most assets, Dogecoin derives its value from how much people are willing to pay for it. 

Since Dogecoin is stored and transferred online, the price is determined globally. It’s the same wherever you are. Any price differences between exchanges are soon arbitraged out by traders. 

There are 125,297,665,179 Doge tokens on the open market, but supply is unlimited. 

What the bears are saying about Dogecoin (DOGE)

Unlimited supply:
If a currency has unlimited supply then in theory it can never materially rise in value.

Dogecoin founder is bearish:
Jackson Palmer has said he thinks there is too much hype and that alone underpins Dogecoin’s value. 

It was created as a ‘Joke’ coin:
Never designed to solve problems or become the next Bitcoin. There’s no roadmap with lofty ambitions. So why would you invest?

What the bulls are saying about Dogecoin (DOGE)

High profile:
Even now, when you think of cryptocurrencies you can name and that your kids know because they’ve seen the memes - Dogecoin is up there. Could its high-profile and celebrity fans woo developers and lead to something useful?  

Cost of entry:
Doge costs less than a cent. Speculators like to see the potential for plenty of upside.

Corporate Website Price Page - Dogecoin (DOGE) Price

Dogecoin (DOGE) Price

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Dogecoin (DOGE) Price | DOGE Price To USD Live | Uphold

EOS is a decentralized blockchain with the ability to power applications on a global scale, which include decentralized applications (dApps). EOS held a year-long initial coin offering (ICO) in 2017, with a total of 200 million (20% of the tokens) distributed during a five-day period, 700 million more (70%) were distributed over the rest of the year, and 100 million (10%) held in escrow for block.one.

EOS is the native token of the EOSIO blockchain.

The aim is to process fast and ‘free’ transactions for users. There are many other blockchain projects that you can build dApps on via smart contracts, but the gating-factor is speed. EOS hopes to set new standards for processing power. 

You could dumb this down to a simple sentence. EOS is often referred to as ‘The Ethereum killer’ by its supporters. It aims to do everything Ethereum does, but better. On paper, both networks are similar and host dApps, but EOS is shooting for speed and processing power. Like all blockchains, scalability is key. 

The EOS blockchain will use a new consensus model called Delegated-Proof-of-Stake (DPoS). This could fix many of the problems Ethereum is wrestling with using Proof-of-work (PoW). EOS doesn’t need a node permanently connected to the network to reach consensus and transaction approval. 
The EOS approach uses a ‘Witness’ to keep the EOS network secure on a paid basis. If they don’t perform they’re voted off the network and a backup witness used. This reduces the centralization and red tape that holds some blockchains back.

The market through the forces of supply and demand. Simply put, like most assets, the value of EOS is based on how much someone is willing to pay.

Global distribution means the price of EOS is determined globally. There can be slight variations between exchanges, but big differences can’t arise because traders are always on the lookout for arbitrage opportunities.

There are 933,893,927 EOS tokens on the open market, with a total supply of 1,020,593,938 EOS.

What the bears are saying about EOS (EOS)

Competition:
There's more than ever. Not just Ethereum. With NEO making progress and Cardano speeding ahead, EOS needs to start winning over developers to build useful dApps on their blockchain.

The product:
With the biggest ICO in history ($700million), it’s surprising that EOS doesn't have a fully-working product yet. This has given many investors cold feet.
The age-old debate that plagues many cryptocurrencies also haunts EOS. Many start out with promises of centralization as per Satoshi Nakamoto’s original whitepaper. In the end, compromises are often made in the interests of scalability, partnerships, and a viable product. The small number of block producers as well as the risk of low voter turnout calls the principle of democratic governance on the EOS platform into question. The fact that users can’t audit the network without running a full-node analysis also makes decentralization claims questionable.

What the bulls are saying about EOS (EOS)

Speed: Speed is one of the big selling points of the EOS blockchain with the goal of handling millions of transactions per second.

Developer platform: EOS is developer-friendly with a web toolkit and built-in functions such as role-based permissions. 

Zero fees: The EOS network is designed for fixed-rate inflation of 5% a year. This will be used to pay miners for validating transactions and producing blocks, as well as to sponsor 3 dApp proposals that are chosen by consensus. As a result, fees are practically eliminated for users.

Corporate Website Price Page - EOS (EOS) Price

EOS (EOS) Price

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EOS (EOS) Price | EOS Price To USD Live | Uphold

Chainlink aims to build a bridge between payment services and blockchain systems. A marriage between Amex, Visa, plus banks like HSBC and blockchains such as Ethereum and Bitcoin.

Originally called ‘Smart Contract’, the project then changed its name to Chainlink, and the ticker symbol ‘Link’. 

Chainlink held an ICO in September 2017 and was noted for being the world’s first decentralized oracle service. This means it improves on the original smart contract model on Ethereum by allowing contracts to access data feeds and APIs. 

Chainlink is built on the Ethereum network and the native Link token rewards node operators for the retrieval of data from external sources, turning it into a blockchain readable format.

To bring interoperability to payment providers and cryptocurrencies. A good way to look at it is that Chainlink wants to act as a bridge between the old world and the new. 

The goal is to open up blockchain on a global scale by, for example, connecting data to insurance providers to calculate premiums, tracking goods on global supply chains. 

The Chainlink project thinks big - and it doesn’t get much bigger than a partnership with SWIFT, the global payment service.

Connecting smart contracts to “real actionable” data presents a vast opportunity. Without access to such data, smart contracts are limited to use cases relying on on-chain data - information stored on the blockchain. 

Chainlink has created a decentralized network that connects smart contracts to off-chain services, such as a payment network like Worldpay.

How much Chainlink/Link is on the market?

Chainlink has a large supply, which means a low entry price and good accessibility to the network. But Chainlink is unlikely to reach the kind of prices enjoyed by Bitcoin, which has only around 21 million units available. 

There is 350,000,000 LINK on the market, with a total supply of 1,000,000,000 tokens. 

What the bears are saying about ChainLink (LINK)

Is SWIFT its Achilles heel?
There is no denying that having a partnership with SWIFT is a huge advantage for Chainlink. But could it also hold the project back? 
Diversification through many partnerships can be a surer way to long-term success. 

Marketing:
Many cryptocurrencies rely on hype and don’t have a great product. Chainlink, on the other hand, doesn't do much marketing. Some analysts believe this is a mistake and that they should be doing more to attract the right partnerships. 

What the bulls are saying about ChainLink (LINK)

One of the best teams:
The Chainlink team is one of the best and most experienced teams in the sector, with the parent company, smartcontract.com, opening in 2014. The domain name was registered back in 2008, before even Bitcoin. 

Interoperability:
A huge deal if the project takes off. The opportunity is to create improved interoperability between off-chain services. 

Corporate Website Price Page - ChainLink (LINK) Price

ChainLink (LINK) Price

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ChainLink (LINK) Price | LINK Price To USD Live | Uphold

Ethereum is a blockchain built for facilitating smart contracts underpinning decentralized applications (dApps). The network's native token, ether (ETH), primarily serves as a means of payment for network transaction fees.

ETH is also used as collateral for borrowing specific ERC-20 tokens within the decentralized finance (DeFi) sector, as Messari points out.

“Disrupting everything imaginable through decentralization” could very well be Ethereum's mantra as it stood on the shoulders of Bitcoin and hurled blockchain technology toward a wide array of products and services, turning “fintech” on its head in the process.

Ethereum’s stated vision: to create a "world computer" that anyone could access to build applications in a decentralized manner, CoinGecko explained.

All states and data are distributed. And open to the public – total transparency.

At Ethereum’s core is its support for smart contracts, or programmable contracts i.e. coders write “if this, then that” type instructions and, if conditions are met, the contract auto-executes.

Developers of use Ethereum-run smart contracts to write code to securely program an array of digital technology services, value propositions and asset varietals, sans the need for any third-party intermediary.

Examples of projects built on Ethereum as of late August 2022 include tokens, NFTs, DEXs, AMMs, DeFi platforms; lending protocols, yield farms, prediction market platforms and more.

The coming "Merge" is one of the most anticipated events in the history of the blockchain. The “Merge” is shorthand for the long-awaited transitioning the Ethereum blockchain’s transaction verification method from a proof-of-work (PoW) consensus mechanism to a less energy-intensive proof-of-stake (PoS) approach.

What will happen is that the Ethereum PoW Mainnet protocol, used for ETH-based transactions, will become the Beacon Chain, a PoS network, meaning that going forward, post-Merge, transactions will be conducted on Beacon. ETH mining via PoW will cease. New ETH tokens will be minted by nodes running the network and staking ETH tokens into a pool to secure the network and validate transactions.

This change potentially puts Ethereum on a path to scalability, according to Messari. "Scalability is a known limitation for the current state of Ethereum, Messari said. "Periods of high user activity can cause transaction times and fees to skyrocket, which often prices out retail users and newcomers."

One of the most memorable network clogging periods unfurled in November of 2017 with the explosion of the CryptoKitties collectibles fad; traffic (and gas fees) spiked yet again during the so-called "DeFi Summer" of 2020, when yield farming activities rocketed to popularity, spawning numerous projects for borrowing, lending and staking.

One of Ethereum’s most infamous episodes, in 2016, involved not scalability but security.

A decentralized autonomous organization, The DAO, set up as venture fund and conducted an initial coin offering (ICO), raising $150 million in ETH. But within weeks, an attacker exploited a bug in one of The DAO's smart contracts resulting in the loss of 3.6 million ETH. In the wake of the incident, the majority of the members of the Ethereum community voted to do a hard fork, start the chain fresh, erasing The DAO from the ledger’s history. Remaining stakeholders, bent on preserving immutability, rebuffed all notions that the ledger could ever be amended and kept the transaction history unchanged. That legacy chain became known as Ethereum Classic (ETC).

When was ETH created and how much was it worth?

Ethereum is the brainchild of Vitalik Buterin, alongside an extensive roster of noteworthy tech industry members who advised him every step of the way (and then went on to start their own projects).

The Ethereum mainnet launched in July of 2015. One year earlier, Buterin received a Thiel Fellowship grant and set up a non-profit, The Ethereum Foundation, which issued 72 million ETH, 80% of which was sold to the public in an online crowdsale held that summer of 2014. Ultimately, the Ethereum Foundation raised roughly 31,000 BTC, which at the time was equivalent to $18.3 million.

The first year of trading saw ETH follow a flat line, in terms of its value in USD. It went from being barely $1 to nearly $10 by the end of 2016, according to CoinGecko.

Ethereum’s original token distribution event involved the sale of roughly 60 million ETH, or 80% of the initial supply of 72 million, according to Messari.

Some 12 million ETH (20% of the initial supply) went to the Foundation and early Ethereum contributors.

The supply of ether has been increasing 4.5% each year. Currently, the circulating supply is estimated to be 120 million ETH.

ETH has been an inflationary asset. As Blockworks explained, Ethereum has countered its token issuance to miners by removing from circulation, or burning, a gas fee paid by buyers that varies based on network demand. When more ETH is created for miners than there is ETH burned, inflation ensues, as has been the case lately (as of late August 2022). This dynamic was set to become more or less a moot point with Ethereum's transition to PoS.

Every transaction on the network requires "gas," which requires expenditures of ether and so it has been said that a virtuous cycle of constant purchase and spending of ETH inherently stokes demand. The transition to "Eth 2.0" means a change from PoW to PoS, and possibly a another shift for the second-largest crypto – from inflationary asset to a more deflationary one.

Here’s why. The PoW consensus approach involves miners creating blocks with 2 newly minted ETH distributed to miners per block.

The supply of ether has been increasing 4.5% each year. The change to PoS will no longer involve miners. Instead, validators will lock up, or stake, their ether in exchange for a yield on their tokens. Ethereum pays 90% less for the network’s security by rewarding stakers as compared to miners because of the difference in required computer power, according to research from Runa Digital Assets, per Blockworks.

If the gas fee exceeds the yield paid to stakers, more ether will be burned than created. This could, in turn, result in deflation, which would, in theory, put upward pressure on the price of ETH.

The PoS system “feels like a share buyback to equity investors,” said Runa's Max Williams. “The network is effectively buying back ETH shares – and destroying them.”

Blockchain security comes down to decentralization. The more decentralized a network is, the better the odds of it preventing a chain from being unceremoniously commandeered by rogue validators, as CoinDesk explained.

A comparative analysis of Ethereum and its closest competitors illustrates that "it is the most decentralized smart contract blockchain in the space," CoinDesk said.

The chain's smart contracts are only as secure as any given developer builds it to be.

Ethereum (ETH) Price

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Axelar (AXL)
AXL

What is Axelar (AXL)?

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Axelar (AXL)AXL

What is Axelar (AXL)?

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Axelar (AXL)
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