
Every hour you wait is a signal you miss.

Stop Guessing, Start Trading: The Token Metrics API Advantage
Big news: We’re cranking up the heat on AI-driven crypto analytics with the launch of the Token Metrics API and our official SDK (Software Development Kit). This isn’t just an upgrade – it's a quantum leap, giving traders, hedge funds, developers, and institutions direct access to cutting-edge market intelligence, trading signals, and predictive analytics.
Crypto markets move fast, and having real-time, AI-powered insights can be the difference between catching the next big trend or getting left behind. Until now, traders and quants have been wrestling with scattered data, delayed reporting, and a lack of truly predictive analytics. Not anymore.
The Token Metrics API delivers 32+ high-performance endpoints packed with powerful AI-driven insights right into your lap, including:
- Trading Signals: AI-driven buy/sell recommendations based on real-time market conditions.
- Investor & Trader Grades: Our proprietary risk-adjusted scoring for assessing crypto assets.
- Price Predictions: Machine learning-powered forecasts for multiple time frames.
- Sentiment Analysis: Aggregated insights from social media, news, and market data.
- Market Indicators: Advanced metrics, including correlation analysis, volatility trends, and macro-level market insights.
Getting started with the Token Metrics API is simple:
- Sign up at www.tokenmetrics.com/api.
- Generate an API key and explore sample requests.
- Choose a tier–start with 50 free API calls/month, or stake TMAI tokens for premium access.
- Optionally–download the SDK, install it for your preferred programming language, and follow the provided setup guide.
At Token Metrics, we believe data should be decentralized, predictive, and actionable.
The Token Metrics API & SDK bring next-gen AI-powered crypto intelligence to anyone looking to trade smarter, build better, and stay ahead of the curve. With our official SDK, developers can plug these insights into their own trading bots, dashboards, and research tools – no need to reinvent the wheel.
Mastering Modern REST APIs: Design, Security & Tools
REST APIs power much of the web: mobile apps, SPAs, microservices, and integrations all rely on predictable HTTP-based interfaces. This guide breaks down modern REST API concepts into practical frameworks, security patterns, testing workflows, and tooling recommendations so engineers can build resilient, maintainable services.
Overview: What a REST API Really Is
A REST API (Representational State Transfer) is an architectural style for networked applications that uses stateless HTTP requests to perform operations on resources. Rather than prescribing specific technologies, REST emphasizes constraints—uniform interface, statelessness, cacheability, layered system—to enable scalable, evolvable services.
Key concepts:
- Resources: nouns exposed by the API (e.g., /users, /orders).
- HTTP verbs: GET, POST, PUT/PATCH, DELETE map to read/create/update/delete operations.
- Representations: payload formats such as JSON or XML; JSON is ubiquitous today.
- Statelessness: each request contains all necessary context (authentication tokens, parameters).
Design Principles & Patterns for Scalable APIs
Good design balances clarity, consistency, and forward compatibility. Apply these patterns when designing endpoints and payloads:
- Resource modeling: structure endpoints around logical resources and their relationships. Favor plural nouns: /invoices, /invoices/{id}/lines.
- Versioning: use a clear strategy such as Accept header versioning or a version prefix (/v1/) when breaking changes are necessary.
- Pagination & filtering: implement cursor-based pagination for large datasets and offer consistent filter/query parameter semantics.
- Hypermedia (HATEOAS) where useful: include links to related resources to aid discoverability in complex domains.
- Error handling: return standardized error objects with HTTP status codes, machine-readable error codes, and human-friendly messages.
Designing APIs with clear contracts helps teams iterate without surprises and enables client developers to integrate reliably.
Security, Rate Limiting, and Operational Concerns
Security and reliability are core to production APIs. Focus on layered defenses and operational guardrails:
- Authentication & authorization: adopt proven standards such as OAuth 2.0 for delegated access and use JSON Web Tokens (JWT) or opaque tokens as appropriate. Validate scopes and permissions server-side.
- Transport security: enforce HTTPS everywhere and use HSTS to prevent downgrade attacks.
- Input validation and sanitization: validate payloads at the boundary, apply schema checks, and reject unexpected fields to reduce attack surface.
- Rate limiting & quotas: protect resources with per-key throttling, burst policies, and graceful 429 responses to communicate limits to clients.
- Observability: implement structured logging, distributed tracing, and metrics (latency, error rate, throughput) to detect anomalies early.
Security is not a single control but a set of practices that evolve with threats. Regular reviews and attack surface assessments are essential.
Tools, Testing, and AI-Assisted Analysis
Reliable APIs require automated testing, simulation, and monitoring. Common tools and workflows include:
- Design-first: use OpenAPI/Swagger to define contracts, generate client/server stubs, and validate conformance.
- Testing: employ unit tests for business logic, integration tests for end-to-end behavior, and contract tests (Pact) between services.
- Load testing: use tools like k6 or JMeter to simulate traffic patterns and surface scaling limits.
- Security testing: perform automated vulnerability scanning, dependency analysis, and routine penetration testing.
- AI and analytics: modern workflows increasingly incorporate AI assistants for anomaly detection, schema drift alerts, and traffic classification. For AI-assisted API monitoring and analytics, Token Metrics offers capabilities that can augment diagnostics without replacing engineering judgment.
Combining contract-first development with continuous testing and observability reduces regressions and improves reliability.
Build Smarter Crypto Apps & AI Agents with Token Metrics
Token Metrics provides real-time prices, trading signals, and on-chain insights all from one powerful API. Grab a Free API Key
FAQ: What protocols and formats do REST APIs use?
REST APIs typically use HTTP/HTTPS as the transport protocol and JSON as the dominant payload format. XML and other formats are supported but less common. HTTP status codes convey high-level outcome (200 OK, 201 Created, 400 Bad Request, 401 Unauthorized, 429 Too Many Requests, 500 Server Error).
FAQ: How should I version a public REST API?
Versioning strategies vary. A pragmatic approach is to keep backward-compatible changes unversioned and introduce a new version (e.g., /v2/) for breaking changes. Consider header-based versioning for greater flexibility, but ensure clients can discover supported versions.
FAQ: When should I use PUT vs PATCH?
Use PUT for full resource replacement and PATCH for partial updates. PUT should accept the complete resource representation; PATCH applies a partial modification (often using JSON Patch or a custom partial payload). Document semantics clearly so clients know expectations.
FAQ: How do I design for backward compatibility?
Prefer additive changes (new fields, new endpoints) and avoid removing fields or changing response types. Feature flags, deprecation headers, and sunset timelines help coordinated migration. Provide clear changelogs and client SDK updates when breaking changes are unavoidable.
FAQ: What are common performance optimizations for REST APIs?
Common techniques include caching responses with appropriate cache-control headers, using content compression (gzip/ Brotli), database query optimization, connection pooling, and applying CDN edge caching for static or infrequently changing data. Profiling and tracing will point to the highest-return optimizations.
FAQ: How do REST and GraphQL compare for API design?
REST emphasizes resource-centric endpoints and predictable HTTP semantics, while GraphQL provides flexible query composition and single-endpoint operation. Choose based on client needs: REST often maps naturally to CRUD operations and caching; GraphQL excels when clients need tailored queries and minimized round trips.
Disclaimer: This article is educational and informational only. It does not constitute investment, legal, or professional advice. Implementations, security practices, and platform choices should be evaluated against your project requirements and in consultation with qualified professionals.
Mastering REST API Fundamentals
REST APIs are the lingua franca of modern web and cloud applications. Whether you’re integrating services, building AI agents that access data, or exposing backend functionality to mobile apps, understanding REST API design, security, and operational concerns is essential. This guide breaks down the technical fundamentals, practical design patterns, and tooling you need to build reliable RESTful interfaces.
Overview: What is a REST API and why it matters
REST (Representational State Transfer) defines an architectural style for distributed systems. A REST API exposes resources—such as users, transactions, or sensor readings—via uniform, stateless HTTP endpoints. Typical REST characteristics include resource-based URIs, use of standard HTTP methods (GET, POST, PUT, DELETE, PATCH), and representation of state using formats like JSON.
REST matters because it standardizes how services communicate. Its widespread adoption simplifies integration across languages, platforms, and systems. For developers and architects, REST offers predictable semantics, easy debugging with HTTP tools, and broad ecosystem support including client libraries, API gateways, and monitoring solutions.
Design principles and practical patterns for REST APIs
Good REST API design balances simplicity, consistency, and evolvability. Use these practical patterns:
- Resource naming: Use plural nouns and hierarchical paths (e.g., /users/123/orders). Avoid verbs in URIs.
- HTTP semantics: Map operations to HTTP methods (GET for retrieval, POST for creation, PUT for idempotent updates, PATCH for partial updates, DELETE for removal).
- Status codes: Return appropriate HTTP status codes (200, 201, 204, 400, 401, 403, 404, 409, 500) and meaningful error bodies.
- Pagination and filtering: Support cursor or offset pagination, filtering, and sorting to avoid large payloads.
- Versioning: Prefer header-based or URI versioning (e.g., /v1/) to manage breaking changes without disrupting clients.
- Hypermedia (HATEOAS) selectively: For complex workflows, include hypermedia links to guide clients, but avoid overcomplicating simple CRUD APIs.
Design reviews should include API contracts (OpenAPI/Swagger), example clients, and backward-compatibility checks. Automated contract tests help prevent regressions when evolving endpoints.
Security, rate limiting, and performance considerations
Security and reliability are core. Key controls include:
- Authentication: Use standardized schemes like OAuth 2.0, API keys for machine-to-machine access, or mTLS for sensitive integrations.
- Authorization: Enforce least privilege, scope-based access, and validate permissions on each request.
- Input validation: Validate and sanitize payloads to mitigate injection and malformed data risks.
- Rate limiting and quotas: Protect backends using per-client or per-key rate limits and request throttling to maintain availability.
- Observability: Instrument request tracing, structured logging, metrics for latency/error rates, and distributed tracing to diagnose issues.
- Performance: Use caching (HTTP cache headers, CDN edge caching), compression, and thoughtful pagination to reduce latency and load.
Threat modeling should be part of the API lifecycle: examine attack surfaces like authentication endpoints, file uploads, and public enumerations. Regular security audits and automated scanning are recommended as part of CI/CD pipelines.
Tooling, standards, and real-world integrations
The API ecosystem contains tools for specification, testing, monitoring, and automation:
- Specification: OpenAPI/Swagger for machine-readable contracts, protobuf/gRPC for high-performance RPC alternatives.
- Testing: Contract testing (e.g., Pact), unit and integration tests, and fuzzing for robustness.
- Gateways and management: API gateways provide authentication, rate limiting, observability, and routing features.
- Monitoring: Use Prometheus/OpenTelemetry for metrics and traces, plus alerting on SLO/SLA breaches.
In domains like crypto and AI, reliable data feeds are crucial. Developers commonly consume REST APIs for price data, on-chain metrics, and model endpoints. Services that offer comprehensive, well-documented APIs can speed integration for analytics and agent development. For example, Token Metrics provides analyses and datasets that can be integrated into workflows via API-driven tooling.
Build Smarter Crypto Apps & AI Agents with Token Metrics
Token Metrics provides real-time prices, trading signals, and on-chain insights all from one powerful API. Grab a Free API Key
FAQ: What is REST and how does it differ from RESTful?
REST is an architectural style; a RESTful API adheres to REST constraints such as statelessness and resource-based URIs. In practice, many APIs adopt REST principles without implementing every constraint strictly.
FAQ: How should I version a public REST API?
Common approaches are URI versioning (/v1/), header-based versioning, or content negotiation. Choose a strategy that fits client usage patterns and allows backward-compatible changes. Communicate deprecation timelines clearly.
FAQ: What are the minimum security measures for a public REST endpoint?
At minimum, enforce authentication (OAuth or API keys), input validation, HTTPS-only transport, rate limiting, and logging. Apply principle of least privilege and review access controls regularly.
FAQ: Should I publish an OpenAPI spec?
Yes. An OpenAPI specification improves discoverability, enables client-generation, and supports automated testing and documentation. It serves as a contract between teams and external consumers.
FAQ: When is REST preferred over GraphQL?
REST is often preferable for simple CRUD resources, caching at the HTTP layer, and clear operation semantics. GraphQL excels when clients need flexible, aggregated queries and fewer round-trips. Consider team expertise, caching needs, and client requirements when choosing.
Disclaimer
This article is educational and technical in nature. It does not provide financial, legal, or investment advice. Evaluate technical solutions and integrations based on your own requirements and conduct independent testing before production use.
Designing Robust REST APIs for Modern Apps
REST APIs are the lingua franca of web services: lightweight, stateless, and widely supported. Whether you are integrating microservices, exposing data to frontend apps, or connecting AI agents to external data sources, understanding REST API fundamentals helps teams design reliable, maintainable interfaces. This guide explains core concepts, design trade-offs, and practical measures to evaluate and harden REST APIs without providing investment guidance.
Overview: What a REST API Is and When to Use It
Representational State Transfer (REST) is an architectural style that uses standard HTTP verbs and resource-oriented URLs to manipulate resources. A REST API typically exchanges JSON payloads and relies on stateless requests, making it easy to cache and scale. Use REST when you need a simple, interoperable protocol for CRUD-style operations, public data endpoints, or when wide client compatibility is important.
REST is not the only option—GraphQL, gRPC, and event-driven architectures address different needs—but REST remains a pragmatic choice for many services because of tooling, familiarity, and HTTP ecosystem support.
Design Principles: Resources, Versioning, and Consistency
Good REST design follows predictable patterns so clients can discover and consume APIs with low friction. Key principles include:
- Resource-based URIs: Model nouns rather than actions (e.g., /users/{id}/orders).
- Use HTTP verbs: GET for reads, POST for creation, PUT/PATCH for updates, DELETE for removal.
- Consistent status codes: 200 for success, 201 for resource creation, 4xx for client errors, 5xx for server errors.
- Versioning strategy: Implement clear versioning (URI versioning like /v1/, header-based, or content negotiation) to evolve without breaking clients.
- Hypermedia as needed: HATEOAS can improve discoverability but adds complexity; weigh trade-offs by client needs.
Document endpoints, request/response schemas, and error formats consistently so consumers can implement robust integrations and automated tests.
Security & Authentication: Practical Safeguards
Security is non-negotiable for any public-facing API. Implement layered defenses and clear authentication methods:
- Authentication: Use OAuth 2.0 for delegated access or token-based schemes (JWT) for service-to-service communication. Clearly document token lifetimes and refresh flows.
- Authorization: Enforce least privilege with role- or scope-based checks on endpoints.
- Transport security: Require TLS for all traffic and disable weak ciphers.
- Input validation: Validate payloads, sanitize inputs, and apply strict schema checks to mitigate injection and malformed data risks.
- Rate limiting and throttling: Protect infrastructure and prevent abuse by enforcing limits per key or IP.
Security posture should be regularly audited and complemented by monitoring for anomalous behavior and automated alerts.
Performance & Scalability: Caching, Pagination, and Rate Limits
Scalability depends on predictable resource consumption and efficient data handling:
- Caching: Use HTTP cache headers (Cache-Control, ETag) to reduce backend load for idempotent GET requests.
- Pagination and filtering: For large collections, prefer cursor-based pagination to avoid expensive offset scans. Support server-side filtering and sorting to limit payload sizes.
- Asynchronous patterns: For long-running tasks, provide job endpoints and webhooks or polling endpoints rather than blocking requests.
- Rate limiting: Communicate limits via headers and return clear error codes (e.g., 429) with retry semantics.
Design for observability: expose metrics (latency, error rates), structured logging, and traces to diagnose bottlenecks and scale capacity proactively.
Integration with AI and Crypto Systems: Data Needs and Reliability
REST APIs often serve as the glue between data providers, AI agents, and crypto platforms. When integrating AI or on-chain data consumers, consider:
- Deterministic schemas: AI pipelines prefer stable field names and types. Use versioning to evolve schemas safely.
- Throughput and latency: Real-time agents may require low-latency endpoints and websocket complements; REST remains suitable for many batch and metadata queries.
- Data provenance: For crypto-related data, include timestamps, source identifiers, and optional cryptographic proofs if available.
- Rate and cost considerations: Some providers throttle or bill per request—design clients to batch requests and respect limits.
AI-driven research platforms can augment API workflows by scoring endpoints for reliability and signal quality. For example, tools like Token Metrics illustrate how analysis layers can be combined with data feeds to inform system-level decisions.
Build Smarter Crypto Apps & AI Agents with Token Metrics
Token Metrics provides real-time prices, trading signals, and on-chain insights all from one powerful API. Grab a Free API Key
FAQ: What is the difference between REST and RESTful?
"REST" refers to the architectural constraints defined by Roy Fielding. "RESTful" typically describes APIs that adhere to some or most of those constraints—resource-oriented URLs, statelessness, and use of HTTP verbs. In practice, many APIs are partially RESTful and combine patterns tailored to product needs.
FAQ: How should I version my REST API?
Common approaches include URI versioning (e.g., /v1/), request header versioning, or content negotiation. URI versioning is explicit and simple for clients; header versioning can be cleaner but requires strict client-server coordination. Choose a strategy and document deprecation timelines clearly.
FAQ: What are best practices for error handling?
Return consistent, machine-readable error objects with status codes, an error code, and a descriptive message. Include retry hints for transient failures and avoid exposing internal implementation details in error text.
FAQ: How do I test and validate a REST API?
Combine unit, integration, and contract tests. Use schema validation tools, automated API testing suites, and mock servers for CI pipelines. Contract testing helps ensure client-server compatibility across deployments.
FAQ: When should I use WebSockets or gRPC instead of REST?
Choose WebSockets for low-latency bidirectional streams (e.g., live feeds). gRPC can be preferable for internal microservices where binary performance and strict schemas are important. REST remains strong for broad compatibility and human-readable APIs.
Disclaimer
This article is educational and technical in nature. It does not provide financial, legal, or investment advice. Implementation choices depend on your project requirements, risk tolerance, and regulatory context. Validate architecture and security decisions with appropriate experts before production deployment.
Recent Posts

NFT Rarity - What it Means and How to Calculate it?
Non-Fungible Tokens, or NFTs, have exploded in popularity in recent years, with many people looking to invest in or collect these unique crypto tokens. However, not all NFTs are created equal – some are more valuable than others. One key factor that determines the value of an NFT is rarity. In this article, we will explore what NFT rarity is, how it works, and how to determine the rarity of an NFT. By understanding these concepts, investors can make more informed decisions when it comes to buying and selling NFTs.
What are Non-Fungible Tokens (NFTs)?
Non-Fungible Tokens (NFTs) are a type of cryptocurrency token, like Bitcoin or Dogecoin. However, what sets NFTs apart from other crypto tokens is their "non-fungibility," meaning that they cannot be mutually exchanged. In other words, every NFT is unique and has its own set of properties, making them distinct from one another.
NFTs have become a popular market, with some tokens having high value compared to others. This has led to a surge in interest in NFTs, with many people wanting to invest in or collect them.
What is NFT Rarity?
One factor that determines the value of an NFT is rarity. NFT rarity refers to how common a specific NFT is within a collection. Typically, the rarer the NFT, the higher its price.
In simple words, NFT rarity refers to the uniqueness or scarcity of a non-fungible token (NFT). Each NFT is created with a unique identifier that makes it distinct from all other NFTs. However, within a collection of NFTs, there can be variations in the rarity or scarcity of the different tokens.
These variations can be based on a variety of factors such as the number of tokens in a collection, the design or artwork of the token, or the properties and attributes assigned to the token. Rarity can impact the value of an NFT, as collectors and investors may be willing to pay more for a rare or highly sought-after NFT. Additionally, NFT creators and collectors may use rarity as a way to create excitement and interest in a particular collection or token.
How Does NFT Rarity Work?
To understand how NFT rarity works, it's important to know that when a new NFT is minted, it has a set of unique properties, known as traits, that cannot be changed. While NFTs can share a trait, no two NFTs are typically identical in a randomized collection.
NFTs with rarer features are more likely to sell for a higher price than those with more common features. As the floor price of a collection increases, the rarer NFTs also tend to increase more in value than the average of the entire collection.
How to Determine NFT Rarity?
Knowing how to spot rarity beforehand can give investors an advantage when it comes to NFT collecting. This can save them time and money, and give them an edge over other traders in the marketplace with information about the value trajectory of a specific type of NFT over time.
There are a few different ways to determine the rarity of an NFT. One way is to use NFT Rarity sites like Rarity Tools. This can help you find if an NFT is rare and in high demand.
Another option is to use a Rarity Ranks Extension, such as the Rarity Ranks extension. However, installing extensions may be risky and steal your confidential data.
Another way to determine NFT rarity is to use a tool like OpenSea, which allows users to create, buy, and sell NFTs. By viewing an entire collection when clicking on an NFT, users can get a sense of the rarity of a specific token. The average collection size is 10,000 items, though this can vary for different projects.
Best NFT Rarity Checker
Determining the rarity of an NFT (Non-Fungible Token) is an important aspect of the NFT market. It can help buyers make informed decisions about the value and potential appreciation of a particular NFT. While there are several NFT rarity checkers available, it's difficult to identify the "best" one as different checkers may use different algorithms and data sources. Some popular NFT rarity checkers include Rarity.tools and Rarity Sniper.
Rarity.tools is a widely used platform that allows users to check rarity scores for a variety of NFT collections. Rarity Sniper provides a rarity score for each NFT, along with data on its trading history and price trends. Ultimately, the best NFT rarity checker depends on individual preferences and needs.
Why is Rarity Important for NFTs?
Rarity is important in the NFT market because it can affect the value and demand for a specific token. Because each look is limited to a specific number across the collection, some are statistically harder to come by – just like a Shiny Pokémon in the Pokémon universe. An NFT with a combination of rare attributes is more likely to sell for a higher price than those with more common traits.
Conclusion
In conclusion, NFT rarity is a key factor in determining the value of an NFT. By understanding how to spot and assess rarity, investors can make more informed decisions when it comes to buying and selling NFTs.
Tools like the NFT Rarity App and the Rarity Ranks Extension can be helpful in determining the rarity of a specific NFT. With this knowledge, investors can make more strategic decisions about their NFT investments and potentially maximize their returns.
Disclaimer
The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such.
Token Metrics does not recommend that any cryptocurrency/NFT should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Non-Fungible Token (NFT): What It Means and How It Works?
The most expensive NFT sale to date was Beeple's Everydays: The First 5000 Days, which sold for $69.3 million. This highlights the growing interest in NFTs and the potential for them to be used as a vehicle for sharing virtually any form of media using the blockchain.
But what is an NFT? Let's find out.
What is an NFT?
NFTs, or non-fungible tokens, are unique digital assets with blockchain-managed ownership. They are stored on a blockchain and cannot be replicated or destroyed, making them resistant to tampering. NFTs can represent a wide range of items, including game items, digital art, collectibles, event tickets, and even ownership records for physical assets.
Unlike traditional cryptocurrencies, which are interchangeable and can be easily replicated, NFTs are non-fungible, meaning they have unique qualities that make them one-of-a-kind. This is why NFTs have gained popularity in the art world, where they can be used to verify the authenticity of a digital artwork and ensure that it cannot be copied or stolen.
How Can We Ensure Unique Authenticity?
When someone purchases an NFT, they not only receive the artwork itself, but also a digital receipt that proves that the piece is original, unique, and authentic. This receipt is stored on the blockchain and can be easily accessed and verified by anyone who wants to confirm the ownership and authenticity of the NFT.
While it is technically possible for someone to take a screenshot of an NFT and claim that they own it, this does not give them legal ownership of the artwork. Just like taking a picture of the Mona Lisa at the Louvre does not mean that you own the painting, taking a screenshot of an NFT does not give you ownership of the artwork.
To legally own an NFT, you must purchase it using cryptocurrency and store it in a virtual showcase. This allows you to own and display your artwork in a way that is secure and verifiable, and it ensures that you are the legal owner of the NFT.
NFT Basics You Need To Know
Non-fungible tokens (NFTs) are unique digital files that are stored on a blockchain. A blockchain is a decentralized, public digital ledger that records every transaction that takes place on the decentralized web. This means that the entire history of an NFT, including its creator, properties, transactions, and smart contracts, is backed by a powerful blockchain.
NFTs are different from fungible tokens, such as Bitcoin or Ethereum, which are interchangeable and store value. In contrast, NFTs store data on the blockchain, making them unique and non-replicable.
Important Traits Of NFTs
Some key characteristics of NFTs include:
- Digital ownership: NFTs are owned and controlled by the individuals who hold them in their digital wallets.
- Permanent: The data associated with an NFT is permanently stored within the token itself. This can include images, messages, signatures, or any other data.
- Permission-less: NFTs can be built on a permission-less blockchain, such as Ethereum, meaning that anyone can create and use them.
- Programmable: Because an NFT is just a piece of code on a blockchain, it can be programmed to have various attributes. For example, an NFT artwork might be programmed to pay the artist royalties on every secondary sale of that artwork.
- Unique: The uniqueness of an NFT can be verified on the blockchain, ensuring that it is one-of-a-kind and cannot be replicated.
How to Own One?
To create an NFT, there are several steps that you can follow:
- Get your media ready: NFTs support a variety of file types, such as MP3 audio, JPG and PNG images, and 3D files like GLB.
- Set up a non-custodial wallet: This will allow you to securely store the cryptocurrency that you will use to buy, sell, and create NFTs. Wallets are also necessary for signing in and creating accounts on NFT marketplaces.
- Buy Ethereum or other fungible tokens: You will need to purchase cryptocurrency to cover the cost of minting your NFT.
- Connect your wallet to an NFT marketplace: Popular options include Rarible and OpenSea. Connect your wallet by tapping the "Connect" button in the top right corner of the screen. This will create your account and allow you to start creating, minting, and selling your NFTs.
- Upload your file and describe your asset: Once you have connected your wallet, you can upload your file to the marketplace and provide a description of your asset. Decide if you want to create a standalone piece or multiple copies of the same NFT.
- Mint your NFT: The minting process requires Ethereum for transaction approvals. Once complete, your digital artwork will be ready to be traded and purchased on the marketplace.
Once you have created your NFT, there are several things that you can do with it:
- Buy and sell it on a marketplace
- Trade or gift it to others
- Use it in apps or games
- Showcase your public NFT inventory on a platform or social media.
The Secondary Markets for NFTs
NFT minting platforms enable creators to create non-fungible tokens (NFTs) to retain more control over their creative output. These NFTs can be sold on the following secondary marketplaces:
- OpenSea: The first and largest marketplace for NFTs, OpenSea is committed to using open protocols like Ethereum and interoperable standards like ERC-721 and ERC-1155 to enable new digital economies. The platform allows consumers to trade items freely, creators to launch new digital works, and developers to build marketplaces for their digital items. It recently launched the beta version of its Solana-based NFT marketplace.
- Coinbase NFT: Coinbase recently opened its NFT marketplace to the public in beta. The marketplace acts as a social media platform where users can buy, sell, and interact with NFTs. It aims to make minting, purchasing, showcasing, and discovering NFTs easier.
- Solanart: Solanart is the first and largest fully-fledged NFT marketplace on Solana. Users can easily access digital collectibles and explore, buy, and sell NFTs that run on the Solana blockchain.
- Rarible: Rarible is a do-it-yourself NFT marketplace where creators can mint NFTs with ease. The platform's native governance token, "RARI," is used to incentivize users and give the community a voice. However, unrestricted access means that Rarible has become a place for people to mint counterfeit versions of existing NFTs.
- Nifty Gateway: Owned by the Gemini crypto exchange, Nifty Gateway is a popular NFT marketplace that focuses on user-friendly and viral drops by celebrated artists.
- SuperRare: SuperRare (SR) is one of Ethereum's first crypto-art NFT marketplaces. Only accepted artists can participate in the platform, where users can discover, buy, and sell tokenized digital art and showcase their collections.
The demand for secondary NFT sales is growing rapidly, leading to increased competition among these marketplaces. Like the early days of Web 1 and 2.0, the emergence of Web 3.0 has created an open market where these platforms must find ways to attract and retain customers.
Some Notable NFT Projects
The thriving NFT market has led to the launch of several high-value projects, including the following companies:
- Yuga Labs: a blockchain technology company that develops Ethereum-based NFTs and digital collectibles. Yuga's first project, Bored Ape Yacht Club, is one of the most valuable NFT collectibles in the space. The company has also rewarded its holders with free NFTs and other perks. Yuga Labs recently acquired Larva Labs, which brings high-value projects like Cryptopunks and Meebits under the Yuga brand. The company is backed by investors like Coinbase, Samsung, and Mark Cuban.
- Doodles: a collection of 10,000 Ethereum-based NFTs featuring unique visual traits designed by BurntToast. The Doodles collection includes rare heads, costumes, and colorways, and the universe is ever-expanding. Owners of Doodles have exclusive access to new products, merchandise, and events.
- Okay Bears: a collection of 10,000 Solana-based NFTs. Ownership of an Okay Bear grants access to a virtuous community that will extend beyond the internet into the real world.
The Future of NFTs
Blockchain technology is known for its ability to represent assets and prove ownership. NFTs take this a step further by enabling people to potentially purchase non-fungible assets like land and gold. The global market cap for gold and real estate is over $300 trillion, so even a small percentage of that being tokenized would greatly increase the total crypto market cap. Tokenized real estate offers ordinary people the opportunity to invest in real estate, which has traditionally been difficult for the average person to participate in.
NFTs also have applications in other industries. For example, Nike recently filed a patent for NFT-enabled sneakers called "CryptoKicks." In 2019, Louis Vuitton announced plans to use NFTs to track the ownership of luxury fashion items. NFTs can also be used to tokenize certifications, degrees, and licenses, as well as sensitive data like medical records. The potential for NFTs to show ownership of any non-fungible commodity, whether real or virtual, is vast.
In conclusion, the use of non-fungible tokens (NFTs) has expanded beyond digital art and collectibles to include a wide range of real and virtual assets. The ability of NFTs to represent and prove ownership offers exciting possibilities for industries such as real estate, fashion, and even healthcare. As the technology and market continue to evolve, the potential applications for NFTs are endless.

Future of Cryptocurrency - Is Crypto the Future?
If you are wondering about the future of cryptocurrency, we did some digging to answer that, and more.
Cryptocurrency has gained popularity and value in recent years, with the most well-known cryptocurrency, Bitcoin, reaching an all-time high in late 2021. However, the future of the crypto market is uncertain and the subject of much debate. Some analysts predict continued growth, while others foresee a potential crash. In this article, we will explore the potential future of cryptocurrency, including potential growth, crashes, and the role of regulation. We will also discuss predictions for specific cryptocurrencies, such as Bitcoin and Ether, as well as altcoins and decentralized finance (DeFi) and autonomous organizations (DAOs).
Will cryptocurrencies take off? Understanding the potential future of the crypto market can help investors make informed decisions about their investments.
11 Significant Crypto Predictions for 2023
By examining the past trends and indications in the crypto market, it appears that the future of crypto holds exciting opportunities for investors. Here are some notable crypto predictions to keep an eye on in 2023:
Continued Popularity and Growth
Some analysts predict that the popularity and value of cryptocurrencies, particularly Bitcoin, will continue to rise in 2023. This could be due to increased acceptance by businesses and higher demand for Bitcoin exchange-traded funds (ETFs).
Steep Crash
However, others believe that the crypto market is unstable and vulnerable to a crash. In 2022, Bitcoin's price fell by roughly 40% due to factors such as slowing economic growth and rising interest rates. This bearish market may continue into 2023, leading to a potential crash.
Volatility and Regulation
Regardless of whether the market experiences growth or a crash, it is likely that Bitcoin and other cryptocurrencies will continue to be volatile. This volatility could be mitigated by increased regulation of the crypto market, which some predict will play a more significant role in 2023.
DeFi and DAOs
The shift toward decentralized finance (DeFi) and autonomous organizations (DAOs) is expected to continue in 2023. DeFi aims to remove the need for middlemen in traditional financial products, while DAOs are a new type of internet community based on blockchain technology. These developments could help to increase the stability and growth of the crypto market.
Bitcoin's Price
Some analysts predict that Bitcoin's price will continue to rise, potentially reaching $100,000 by the end of the year. Others believe that the market is unstable and could experience a crash.
Increased Adoption
It is predicted that over 500 million people worldwide will invest in and own Bitcoin by the end of 2023. This could be due to increased awareness and acceptance of the cryptocurrency.
ETF Approval
The approval of the first spot Bitcoin ETF in the US is possible in 2023. This would allow investors to have direct exposure to the cryptocurrency itself, rather than just tracking Bitcoin futures contracts.
DeFi and DAOs
The shift toward DeFi and DAOs is expected to continue and could become the highest growth areas of the crypto market.
Ether's Performance
Some analysts predict that Ether, the second-largest cryptocurrency by market value, will outperform Bitcoin again in 2023.
Regulation
It is possible that regulation of the crypto market will play a more significant role in 2023, potentially helping to stabilize the market.
Altcoins
The performance of altcoins, or alternative cryptocurrencies, is uncertain. Some may experience growth, while others could struggle. It is important for investors to carefully research and evaluate individual altcoins before making any investments.
Key Takeaways
When we see crypto from the growth perspective, there is a fair chance of getting the climb in 2023, especially for Bitcoin. However, Ether can take over the throne owing to the stats of 2022.
If you are seeking expert research and analysis to inform your investment decisions, consider signing up for Token Metrics. Our platform can provide you with access to the best performing cryptocurrencies with just a click. Explore our plans to learn more.

What is Crypto Burning: Meaning, Definition, and Explanation
In this article, we will explain what crypto burning is, how it is done, and why it is done. We will also discuss the potential benefits and risks of burning crypto, as well as the role of developers and miners in the process. By the end of this article, you will have a better understanding of how crypto burning works and whether it is something that you may want to consider for your own crypto investments.
What Does it Mean to Burn Crypto?
Crypto burning is the process of removing cryptocurrency from the blockchain. This concept originated from traditional stock markets and is facilitated by smart contracts. When tokens are burned, it can increase the value of the asset and make it more attractive to investors. It can also have benefits for tax regulations.
How is Crypto Burned?
The process of burning involves sending tokens to an invalid wallet address, where they cannot be accessed. This is typically done by developers or miners to manipulate the supply of tokens and potentially increase their value.
Why Burn Crypto Coins?
Developers burn tokens for many reasons, including to increase the value of the asset, create hype, and improve the business model. By decreasing the supply of tokens in circulation, they can also help to combat the effects of inflation and make the market more stable.
Can You Burn Crypto?
Technically, anyone can burn crypto. However, it is not advisable for individual investors to burn their own tokens as the coins will be permanently lost. Instead, they may want to consider staking or trading their crypto.
What is Crypto Buyback?
Crypto buyback is the process of repurchasing tokens from circulation. This is typically done by developers to decrease the supply of tokens and potentially increase their value. Buybacks are regulated by smart contracts, which ensures that the removed tokens will never resurface. This can be a good way for investors to encourage long-term holding (HODLing) of the tokens.

How to Create a Crypto Coin? 3 Ways to Do It
In today's world of decentralization and blockchain technology, creating your own cryptocurrency has become a viable option for individuals and businesses alike. But how exactly does one go about creating a cryptocurrency? In this post, we will explore three methods for creating a cryptocurrency, ranging from the most difficult to the easiest. Whether you want to create your own blockchain, fork an existing one, or launch a token on an existing platform, this guide will provide a comprehensive overview of the steps involved. Let's dive in!
How To Create A Crypto Coin?
We are going to explain three ways to create a cryptocurrency, from basic to advanced.
Create your own blockchain (advanced)
- Choose a consensus mechanism: Determine how transactions will be validated on your network
- Design the blockchain architecture: Define who can create blocks, validate transactions, and access data
- Create a user interface: Make sure the user experience is enjoyable
- Audit crypto and code: Hire experts to review your code to ensure security and compliance
Fork an existing blockchain (intermediate)
- Choose a blockchain to fork: Decide on an existing blockchain that aligns with your goals
- Clone the blockchain: Create a copy of the chosen blockchain's code
- Modify the code: Make any necessary changes to the code to suit your needs
- Launch your blockchain: Deploy your modified blockchain and begin mining
Launch a token on an existing platform (basic)
- Choose a blockchain: Decide on a blockchain that supports the creation of tokens, like Ethereum
- Follow the platform's instructions: Each platform will have its own process for creating and launching a token - you can also use sites like Token Factory to launch your token
- Promote and distribute your token: Once your token is live, market and distribute it to potential users.
What is the Difference Between a Coin and a Token?
A coin and a token are both types of cryptocurrency, but they have some key differences. A coin is a cryptocurrency that runs on its own blockchain, meaning it has its own independent infrastructure and user base. Examples of coins include Bitcoin and Litecoin.
On the other hand, a token is a cryptocurrency that is built on top of an existing blockchain, using the infrastructure and user base of that blockchain. Tokens are often created to represent a specific asset or utility, such as rewards points or event tickets. Examples of tokens include Tether and Shiba Inu.
Another key difference between coins and tokens is their relative scarcity. Since there can only be one coin on a given blockchain, the supply of coins is limited. This can give coins a certain level of value and scarcity, which can make them attractive to investors. In contrast, there can be an unlimited number of tokens on a given blockchain, which can make them less scarce and potentially less valuable.
It's important to understand the differences between coins and tokens when creating your own cryptocurrency. Depending on your goals and requirements, you may decide to create a coin or a token, or even both. With a clear understanding of the differences between the two, you can make an informed decision and choose the right approach for your project.
A Few Things to Consider Before Designing Your Crypto Coin:
There are several important things to consider before designing your crypto coin. These considerations will help you make informed decisions and increase the chances of success for your project.
First, you should consider the utility of your cryptocurrency. What value does it offer to users? Why would someone want to buy and use your cryptocurrency? What problems does it solve? Answering these questions will help you understand the potential value of your cryptocurrency and determine its utility.
Second, you should consider any regulatory and legal requirements. Cryptocurrency is a rapidly evolving field, and laws and regulations can change quickly. It's important to understand any compliance issues in your area and make sure your project adheres to all relevant regulations.
Third, you should consider the tokenomics of your cryptocurrency. Tokenomics is the study of the economics of a crypto project, including factors such as initial pricing, supply, emissions, distribution, market capitalization, and potential value. Understanding the tokenomics of your project will help you make informed decisions about how to structure your cryptocurrency and maximize its potential value.
Overall, it's important to carefully consider these factors before designing your crypto coin. By taking the time to understand your goals, requirements, and the economics of your project, you can increase the chances of success for your cryptocurrency.

Bullish in Crypto: Definition, Meaning, and Explanation
In the world of cryptocurrency, the terms "bullish" and "bearish" are commonly used to describe an investor's confidence in the potential growth of a particular crypto asset. But what do these terms really mean, and how do they apply to the crypto market? In this article, we will provide a comprehensive explanation of these terms, including the concept of a "bull run" and how it applies to both cryptocurrencies and non-fungible tokens (NFTs).
What Does Bullish Mean in Crypto?
The terms "bullish" and "bearish" are commonly used in the financial market to describe the confidence an investor has in the potential growth of a financial asset. In the context of the crypto market, a "bullish" investor is one who believes that a particular cryptocurrency or non-fungible token (NFT) will rise in value. This confidence is often seen when the market is experiencing growth and gains are being made.
What Is Bull Run
A "bull run" in the crypto market is a period of time during which there is high demand for cryptocurrencies and NFTs, leading to an increase in prices. This increase is driven by confidence in the market, as investors are more likely to buy when they believe prices will continue to rise. A bull run typically includes an increase in the value of well-known cryptocurrencies such as Bitcoin, Ethereum, Binance, and Solana, as these have the highest market capitalizations.
Bullish On NFTs
The concept of a "bull market" also applies to the market for non-fungible tokens (NFTs). In this context, a bull market is characterized by high demand for NFTs, which drives up their prices. Factors that can lead to increased demand for NFTs include strong marketing and community support from the development team, as well as the utility and scarcity of the NFTs. A collector, trader, or creator may feel bullish about a particular NFT project if they believe it has strong potential for growth. This bullish sentiment can lead to higher prices for the NFTs and a decrease in market supply.
Final Thoughts
It is important for investors to understand the terminology used in the crypto market in order to make informed decisions about their investments. The terms "bullish" and "bearish" are commonly used to describe confidence in the potential growth of a crypto asset. A "bull run" is a period of time during which there is high demand for cryptocurrencies and NFTs, leading to an increase in prices. In the NFT space, a bull market is characterized by high demand for NFTs, which drives up their prices.

What are NFTs? NFT Art Explained | Future of NFTs
You may have heard of CryptoPunks, Bored Ape Yacht Club, and VeeFriends, but you may not understand what they are. These names may sound like random combinations of words, but they actually represent some of the most valuable non-fungible token (NFT) projects that have emerged in the past few years.
The world of crypto art and NFTs may appear complex and mysterious, with a mix of celebrities, influencers, and internet experts. But it's not as confusing as it seems. Let's start from the beginning.
What Is An NFT?
Nearly all crypto art that has been introduced to the market has been done so through the minting of non-fungible tokens (NFTs). NFTs are digital assets that have verified proof of ownership. While "fungible tokens" like the US dollar can be easily traded (like exchanging 4 quarters for a dollar), each NFT is unique and cannot be easily traded. For example, imagine a sketch of "Starry Night" by Vincent Van Gogh that has been authenticated by a fine art appraiser as an original. This sketch would be non-fungible because you could not easily exchange it for, say, an original sketch by Leonardo da Vinci. This concept is easy to understand with tangible items like art pieces or collectible cards, but when digital assets can range from a celebrity tweet to an iconic meme to a picture of a pimped out animated ape, it may be confusing.
How Can We Ensure Unique Authenticity?
This is where NFTs enter the scene. Say you are a graphic design artist who just finished your newest 1-of-1 piece of work and you want to sell it as an NFT. Whoever purchases this piece would not only receive the artwork but they would also receive a “digital receipt” that proves that this exact piece is original, unique and authentic.
“But What If I Just Screenshot This Digital Artwork? Wouldn’t I Technically Own the Piece as Well?”
This is the first question that many have mockingly asked on social media and internet forums. The easy answer: yes, you can screenshot practically all digital artwork, but no, that does not mean you own it.
For example, millions of people swarm into the Louvre every year, waiting patiently amidst a giddy crowd, just to capture a picture of the priceless Mona Lisa. Obviously, a picture of the Mona Lisa saved on your iPhone camera roll does not mean that you own that painting.
NFTs work the same way.
Just as the Louvre paid millions of dollars to own, maintain, and display the Mona Lisa in their museum, NFT buyers do the same. However, the main difference is that instead of paying dollars to house the art in a fancy museum, they are paying with cryptocurrency and housing their art in a virtual showcase, so to speak.
This is the basis for how NFTs, cryptocurrency, and blockchain technology are establishing a new and lucrative market for digital art and artists.
The Art of Being Digital
In a 2021 interview, Gary Vaynerchuk (founder of Vayner Media and creator of VeeFriends) made the following statement regarding NFTs. The interviewer remarks on the tangibility of NFTs stating, "the digital aspect, like, you can't see it" — Gary jumps in:
"Well, you can't see a blue check on Instagram? I don't walk around the world with a blue check tattooed on my forehead, but everybody sees it. You can't see my 9 million followers on Instagram, or can you? I would argue the reverse. I would argue that people can't see most of the fancy things you have in your house; that people can see more digital than real life."
And he's onto something, and I'd like to call that something "The Art of Being Digital". In our highly digitized world, our online outreach and interconnectivity is wildly amplified. Gary Vee currently has 9.9 million followers on Instagram — but without access to the internet — he has no way of interacting with that community and tapping into the true power of those 9.9 million people.
Why Do NFTs Have Value?
The value of an NFT is determined by the collective intentionality of those who are willing to buy and sell them. In other words, the value of an NFT is based on what people are willing to pay for it. This is similar to the way that the value of traditional art is determined by the market, with the value being based on factors such as the artist's fame and the rarity of the work.
The Tom Brady example illustrates this idea. On the surface, it might seem strange that someone would pay $430k for a digital picture of a cartoon ape. However, if we consider the fact that the buyer was Tom Brady and the seller was the well-known digital artist Trevor Jones, it becomes clearer that the value of the NFT was determined by the collective intentionality of those involved in the transaction.
Furthermore, the digital art of NFTs offers more than just a digital file and a high price tag. NFTs provide the ability for digital artists to monetize their work and for collectors to own and trade unique digital items. This opens up new opportunities for artists and collectors alike, and has led to the growth of a vibrant and exciting market for NFTs.
Join The Club
Celebrities such as Tom Brady, Post Malone, Steph Curry, and Jimmy Fallon have been buying Bored Ape NFTs. Bored Ape NFTs were introduced by the Bored Ape Yacht Club (BAYC) in April 2021 at a price of 0.08 Ethereum (ETH) each, or about $190 at the time. Since then, the price of Bored Apes has increased significantly, yielding substantial returns for early investors.
In addition to the potential for financial gain, buying a Bored Ape NFT also grants the buyer access to the BAYC community. This includes access to the BAYC Discord, where buyers can connect with other members of the club, including celebrities, and collaborate on NFT-related projects. BAYC also gives members priority access to future NFT drops, allowing them to expand their collections.
Minting and selling NFTs can also be highly lucrative for those who create their own NFT projects. This is another reason why celebrities and others may be interested in the NFT market. Creating and selling NFTs allows artists and other creators to monetize their digital work and gives collectors the opportunity to own unique digital items. The growth of the NFT market has created new opportunities for both artists and collectors, leading to a vibrant and exciting market for NFTs.
Blockchain, Smart Contracts, and Secondary Sales
Blockchain technology is used to record the conversion of traditional currency into cryptocurrency, such as Ethereum (ETH), in the NFT market. This transaction is recorded on the blockchain as public information that is easily accessible to anyone who wants to view it. This ensures transparency and helps to prevent fraud in the NFT market.
Smart contracts are programs stored on the blockchain that allow NFT creators to stipulate the conditions of resale. For example, a creator could draft a smart contract that allows them to earn a 10% commission on any subsequent resales of their NFT. This allows creators to continue to benefit from the success of their work, even after the initial sale.
Smart contracts also facilitate secondary sales in the NFT market. When the value of an NFT increases, the smart contract associated with that NFT can automatically distribute any profits from the sale to the relevant parties, such as the creator or the NFT platform. For example, if the value of Tom Brady's Bored Ape NFT increased from $430k to $530k, the smart contract could automatically distribute the $100k profit to the Bored Ape Yacht Club, if that was stipulated in the contract.
This use of smart contracts helps to ensure that all parties are fairly compensated for their contributions to the NFT market, and it allows for efficient and transparent transactions without the need for intermediaries.
The Future Of Crypto-Art
Grammy-winning artist Tyler, the Creator recently questioned the value of NFTs, stating that most of the examples he has seen are not "beautiful art." While art is subjective and many NFTs are AI-generated, there are still many ways in which NFTs can offer value in the real world.
First, NFTs can be used to represent tangible experiences and achievements. Instead of framing a concert ticket or a season pass, these items could be represented as NFTs, allowing individuals to proudly display their experiences and achievements in the digital world. This could be especially beneficial for VIP experiences and exclusive memberships.
Second, NFTs can provide a level of authenticity and scarcity that cannot be achieved with physical items. This is especially useful for limited edition items and collectibles, which can be authenticated and traded easily on the blockchain.
Third, the use of smart contracts can ensure that all parties are fairly compensated for their contributions to the NFT market. This allows for transparent and efficient transactions without the need for intermediaries.
Overall, while some may dismiss NFTs as "silly little digital artworks," they have the potential to reshape not just the art world, but the world itself.

What is WETH: Wrapped Ethereum? [Answered]
If you are wondering what is WETH, short for Wrapped Ethereum, this is the place to be.
Cryptocurrencies have gained a lot of popularity in recent years, with many investors looking to invest in the digital assets. However, the use of these cryptocurrencies on decentralized applications (dApps) can be limited due to compatibility issues. This is where wrapped tokens come in. Wrapped tokens are tokenized versions of cryptocurrencies that can be pegged to the value of the original coin and used on different blockchain networks. In this article, we will explain what WETH is and how it works.
What is WETH or Wrapped Ethereum?
WETH is the abbreviation for Wrapped Ether, which is a tokenized version of the cryptocurrency Ether (ETH) that is pegged to its value. This means that the value of WETH remains the same as ETH, but it allows for increased interoperability between Ethereum and other blockchain networks.
How Does Wrapped Ethereum Work?
In order to create Wrapped Ethereum, a custodian must hold the collateral (in this case, ETH). This custodian can be a merchant, multi-signature wallet, or a smart contract. To create WETH, an investor sends their ETH to the custodian, and in return, a wrapped version of the ETH is created. This process is similar to how stablecoins are created, as they are essentially "wrapped USD" that can be redeemed for fiat dollars at any time.
What Makes Wrapped Ethereum Unique?
Wrapped tokens like WETH allow investors to hold onto their ETH while using it on other blockchain networks. This increases liquidity and capital efficiency, as investors can wrap their assets and deploy them on other chains. Wrapping Ether can also reduce transaction times and fees, as Ethereum often suffers from high gas fees. However, using wrapped tokens also means relying on a custodian and taking on additional risks.
Are ETH and WETH Different?
Yes, ETH and WETH are different. ETH is the original cryptocurrency, while WETH is a wrapped version of ETH that is ERC-20 compatible. This means that it can be easily used on a wide range of decentralized applications (dApps), but it is equivalent to ETH in terms of value. Investors may need to convert their ETH to WETH in order to use certain dApps.

What Causes Crypto To Rise? [Answered]
Do you want to know what causes crypto to rise? This is the place to be.
Cryptocurrency prices are highly volatile and can fluctuate rapidly, which can be both good and bad for investors. To understand what causes crypto to rise in value, it's important to first understand how cryptocurrencies differ from traditional government-controlled currencies. Unlike fiat currencies, which are backed by a central authority and have value because consumers trust them, cryptocurrencies are decentralized and not controlled by any one entity. This means that cryptocurrencies gain value in different ways than traditional currencies. In this article, we will explore some of the factors that can cause the value of cryptocurrencies to increase.
What Causes Crypto to Rise?
Let's find out what causes cryptocurrencies to rise in value.
Supply and Demand
The value of cryptocurrency is determined by supply and demand, just like any other asset. When demand for a particular cryptocurrency is higher than the supply, its value will increase. For example, if there is a scarcity of a certain cryptocurrency, its value will rise due to the unequal balance between supply and demand.
Each cryptocurrency project typically announces its plans for minting and burning tokens, which is the process of creating and destroying tokens to control the supply. Some cryptocurrencies, such as Bitcoin, have a fixed maximum supply, while others, such as Ether, have no limit on the number of tokens that can be created. Some cryptocurrencies also have mechanisms in place to burn tokens in order to prevent the circulating supply from growing too large and causing inflation.
The demand for a cryptocurrency can increase for a variety of reasons, such as increased awareness of the project or increased utility of the token. So, one factor that can cause the value of a cryptocurrency to rise is consumer demand for that particular coin.
Exchange Availability
Popular cryptocurrencies like Bitcoin and Ether are typically available on multiple exchange platforms, which makes them easily accessible to a large number of investors. However, smaller cryptocurrencies may only be available on a few exchange platforms, which can limit their reach and make them less attractive to investors.
If a cryptocurrency is listed on many exchange platforms, it can increase the number of investors who are able to buy it and drive up demand. As we know, when demand for a cryptocurrency increases, its price will also rise. So, another factor that can cause the value of a cryptocurrency to increase is its availability on exchange platforms.
Competition
There are thousands of different cryptocurrencies and new projects and tokens are being launched all the time. Because the entry barriers to creating a new cryptocurrency are relatively low, the most important aspect of a cryptocurrency's success is building a network of users. Applications built on blockchain technology can help to build networks quickly, especially if they have an advantage over competing applications.
In a situation where a new competitor gains traction, it can take value away from the incumbent cryptocurrency, causing its price to drop as the new competitor's price rises. Overall, competition is an important factor to consider when looking at the value of a cryptocurrency.
Internal Governance
Cryptocurrency networks typically operate according to a fixed set of rules. Some cryptocurrencies, known as governance tokens, allow stakeholders to have a say in the future of the project, including how the token is used or mined. In order for changes to be made to the protocol of a token, there must be agreement among stakeholders.
For example, the Ethereum network upgraded from a proof-of-work to a proof-of-stake consensus mechanism, making much of the expensive mining equipment obsolete. This will likely have an impact on the value of Ether.
In theory, governance tokens should rise in value as stakeholders see fit. However, the slow process of improving protocols and updating software can limit the appreciation of cryptocurrency values.
Featured Posts
NFT's Blogs
Crypto Basics Blog
Research Blogs
Announcement Blogs



9450 SW Gemini Dr
PMB 59348
Beaverton, Oregon 97008-7105 US
No Credit Card Required

Online Payment
SSL Encrypted
.png)
Products
Subscribe to Newsletter
Token Metrics Media LLC is a regular publication of information, analysis, and commentary focused especially on blockchain technology and business, cryptocurrency, blockchain-based tokens, market trends, and trading strategies.
Token Metrics Media LLC does not provide individually tailored investment advice and does not take a subscriber’s or anyone’s personal circumstances into consideration when discussing investments; nor is Token Metrics Advisers LLC registered as an investment adviser or broker-dealer in any jurisdiction.
Information contained herein is not an offer or solicitation to buy, hold, or sell any security. The Token Metrics team has advised and invested in many blockchain companies. A complete list of their advisory roles and current holdings can be viewed here: https://tokenmetrics.com/disclosures.html/
Token Metrics Media LLC relies on information from various sources believed to be reliable, including clients and third parties, but cannot guarantee the accuracy and completeness of that information. Additionally, Token Metrics Media LLC does not provide tax advice, and investors are encouraged to consult with their personal tax advisors.
All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Ratings and price predictions are provided for informational and illustrative purposes, and may not reflect actual future performance.