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The current meme token craze in the crypto market shows no signs of stopping. Every investor, it seems, is looking for wildly inexpensive meme tokens that could explode in value. Things have gotten so out of control that cryptocurrency exchange Coinbase (NASDAQ: COIN) recently issued a warning about the dangers of investing in meme tokens.

The good news is that you don't need to invest in meme tokens to generate huge returns. You can still get significant upside from large market-cap cryptos priced under $1 -- and with a lot less risk. Here's a closer look at three bargain-priced cryptos that have explosive upside potential.

First up is Cardano(CRYPTO: ADA). Priced at just $0.37, Cardano is now trading at 88% below its all-time high of $3.10. Yet, it is still a top-10 crypto by market capitalization. The Cardano blockchain launched back in 2017, so you're not investing in a fly-by-night meme token that could disappear tomorrow. Cardano perennially ranks as one of the top Layer 1 blockchains.

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For the year, Cardano is up nearly 50%, and based on its strong recent growth, could soar even higher. One particular area of growth is non-fungible tokens (NFTs), where Cardano has suddenly emerged as one of the top three blockchains. In 2022, Cardano ranked as the top blockchain by overall development activity, a potential sign of good things to come.

Most importantly, Cardano is finally turning things around in decentralized finance (DeFi), which is one of the most important sectors of the blockchain world. Thus, DeFi is the one catalyst that could propel Cardano much higher. Total value locked (TVL) -- a key metric used to evaluate DeFi strength -- is now at a 10-month high. In Q1 2023, Cardano's TVL grew by an astounding 172%.At the same time, Cardano continues to roll out new products and offerings for DeFi.

Next up is Polygon (CRYPTO: MATIC), another top-10 crypto by market capitalization. Polygon currently trades at $0.88 but has traded as high as $2.92. It is generally considered one of the top Layer 2 scaling solutions for the Ethereum (CRYPTO: ETH) blockchain, which is what makes it so valuable. Right now, Ethereum can't process transactions quickly or cheaply enough for users, so it relies on Layer 2 solutions such as Polygon.

Polygon continues to benefit from growth in Ethereum, and will for the foreseeable future. Ethereum founder Vitalik Buterin has said that, even after The Merge, the blockchain continues to need Layer 2 solutions like Polygon. The only problem is that the Layer 2 space has gotten crowded of late, and that has put a cap on Polygon's recent price performance. For the year, Polygon is only up 14%. That being said, it continues to impress with its stellar client list, which now includes both Nike and Starbucks.

Trading at just $0.27, SingularityNET (CRYPTO: AGIX) is one of the highest-upside AI cryptos you can buy. For the year, SingularityNET is up a head-spinning 492%. Plenty of new AI cryptos have seemingly appeared out of nowhere in 2023, but SingularityNET has been doing this for years. The team behind this crypto pioneered the concept of combining AI with blockchain technology and is best known for its work with Sophia, arguably the most famous AI robot in the world.

For SingularityNET to surge even higher, though, you might have to be patient. While ChatGPT specializes in a form of artificial intelligence known as generative AI, SingularityNET is working toward a much bigger goal: artificial general intelligence, or AGI. This type of AI usually appears in Hollywood science fiction films -- you know, the ones where the computers are smarter than the humans.

But just a caveat to investors: Predicting winners in the nascent AI space is difficult. What's hot today -- such as anything involving ChatGPT -- might seem quaint in just 12 months. Considering all the effort big tech companies are putting into AI right now, it might be safer to invest in Microsoft (NASDAQ: MSFT), which reportedly has $13 billion invested in ChatGPT, and call it a day.

In terms of balancing risk and reward, Cardano is probably the best crypto you can buy under $1. You're getting a premier Layer 1 blockchain at a dumpster-diving price. If you take into account Cardano's recent growth in DeFi, then it's conceivable it could finally retrace its path back to its all-time high of $3.10 from September 2021. If it does that, then you'd be close to getting a 10X return on your investment. And you'd be able to do so without investing in silly meme tokens and worrying that your investment might fall to zero overnight.

Dominic Basulto has positions in Cardano, Ethereum, and Polygon. The Motley Fool has positions in and recommends Cardano, Coinbase Global, Ethereum, Microsoft, and Polygon. The Motley Fool has a disclosure policy.

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Terra Luna Classic (LUNC) has been fighting tooth and nail to bring back its blockchain to the glory days before the Terra ecosystem collapsed in May 2022. Terra was at the forefront of bringing stablecoins to cryptocurrency. Now, one of the worlds leading crypto exchanges, Binance (BNB), is helping to revive Terra Classic and its stablecoin LUNC by supporting Terra Classics network upgrade.

Does Binance have what it takes to lead the charge of Terra Classic stablecoins, or does Ethereum (ETH) and new meme coin Big Eyes Coin (BIG) hold the torch to the next generation of stablecoins to lead the crypto market?

Binance, one of the leading cryptocurrency exchanges that allow you to trade over 360 cryptocurrencies, including BTC, DOGE and LTC, has been facing an uncertain future due to regulatory pressures. The CFTC filed a lawsuit against Binance in March 2023. Meanwhile, Australias first and oldest bank, Westpac, banned Binance from its payment services.

As a result, Binances support it provides to various cryptocurrencies, including LUNC, has become a topic of contention. While Binances backing can provide a boost to LUNCs visibility and trading volume, it remains to be seen how regulatory challenges will impact the exchange and its associated blockchains and tokens.

Founded in 2015 by Vitalik Buterin, Ethereum is still the leading blockchain network despite falling behind in technology trends with modern blockchain networks. However, Ethereum is quickly playing catch up by transitioning to Ethereum 2.0, with the implementation of the Proof of Stake (PoS) consensus mechanism.

The upgrade will enhance scalability, security, and efficiency. This upgrade is anticipated to attract more users and developers to the Ethereum ecosystem, leading to increased trading activity and liquidity for Ethereum-based tokens.

An Ethereum-based token set to benefit from the Ethereum upgrade is Big Eyes Coin (BIG), utilising its meme power of cat memes and cutesy art to spread far and wide on the internet. BIG wants to pave a home on Web 3.0 themed around BIG and its playful designs woven into transactions, browsing, socialising, shopping, gaming and more.

A key selling point to BIG is its full decentralised ownership, where 80% of BIG tokens will be made available to the community on launch day. The community will have full governance over the direction of BIG, including picking charities to donate to with BIGs charity wallet.

BIG has big plans to create a 24-hour trading volume for BIG to increase the token value. A BIG casino will launch on August 29th 2023, with over 4,000 casino games and numerous P2E games. The community will have many fun ways to earn BIG, which they can spend on a creative variety of digital assets at the NFT marketplace. The NFTs can be shared and showcased at the NFT Sushi Crew, where the community gathers in this virtual space.

In the race for dominance in the crypto future, the ability to deliver inherent value becomes crucial. While Terra Luna Classic may have experienced a recent increase in value, its long-term sustainability and viability will depend on factors such as adoption, utility, and community support.

Ethereum, with its upcoming upgrade, seeks to address scalability issues and solidify its position as a leading blockchain platform. Additionally, Big Eyes Coins focus on liquidity and trading volume reflects its commitment to creating a thriving ecosystem for traders and investors.

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

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Does Terra Luna Classic Have A Future? - Analytics Insight

Investors would need to commit over $800 in order to rake in a million dollars should Shiba Inu (SHIB) eventually hit the much-coveted $0.01 price threshold.

Shiba Inu (SHIB) has been caught in a bearish storm, as the ongoing market-wide turmoil and the assets extensive supply have impeded another rally similar to what was observed in 2021. However, some proponents have continued to hope for a surge to $0.001 or even $0.01 in the foreseeable future.

Most investors anticipating this price surge are looking to make up for the opportunity lost during the previous life-changing rally. Per data from CoinGecko, SHIB rallied from $0.000000010983 in February 2021 to $0.00008190 in October of the same year, marking a 745,597% increase within eight months. This turned a $134 investment into $1 million.

Investors hopeful of another opportunity to rake in such an impressive return on investment (ROI) continue anticipating a similar price surge. The asset would need to delete three to four more zeros from its current price to stage such an impressive rally this time. But how much would an investor need to invest to make $1 million? Should this occur?

Shiba Inu is currently trading for $0.00000854. To attain a price of $0.01, the asset would need to surge by 1,169x. If SHIB can pull off such a feat, an investor would need to invest a little above $855.4 at this point to rake in $1 million. Similarly, one would need $8,554 to make $1 million if the asset can only hit $0.001.

However, the important question is whether the asset can carry out such a rally, given its current position and the extensive circulating supply. Shiba Inus previous life-changing rally was majorly propelled by the incineration of 410 trillion tokens carried out by Vitalik Buterin in May 2021.

The assets current supply makes a rally to $0.01 impossible. Consequently, the Shiba Inu community has championed several initiatives to reduce the circulating supply. Independent projects within the community, such as Blaze Token and Koyo Token, have also contributed immensely to the burn initiative.

With all hands on deck to address the assets supply problem, the community is looking to welcome projects such as Shibarium, ShibaSwap 2.0, and Shiba Inu Metaverse which should assist in introducing more utility to the ecosystem and bolster burns.

If the adoption rates of these projects are significantly high, the assets circulating supply of 574.8 trillion could be drastically reduced. This might give SHIB a chance to aim for $0.001 or $0.01. However, it is important to note that this should not be considered financial advice, as the assets price trajectory can never be accurately predicted.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Here's What to Invest to Make $1M if Shiba Inu Rallies to $0.01 - The Crypto Basic

Ethereum Coin

As the Shapella Upgrade went live and unveiled new staking withdrawal features, investors have shifted their focus towards the long-term advantages it brings.

With this milestone achieved, Ethereums co-founder, Vitalik Buterin, assured the community that this is merely a stepping stone and there are still more upgrades on the horizon for the ever-evolving Ethereum ecosystem.

The Shapella upgrade, which followed Ethereums transition to Proof-of-Stake (also known as The Merge), marked a significant milestone in the ecosystem. It introduced a major change in mechanics that had a profound impact on the network.

Hence, its important to explore the key reasons why the Shapella Upgrade is crucial for Ethereums growth and success.

Firstly, Shapella allows all validators to make full or partial withdrawals of their locked ETH in staking. Therefore, all users who entrust their assets to validators can also withdraw their ETH assets in staking. Shapella is the first update on the Proof-of-Stake (PoS) layer of Ethereum since the Merge.

Secondly, with the Shapella Upgrade, Ethereum has gained characteristics similar to those of a blue chip stock.

Another crucial aspect of the Shapella Upgrade is the deflationary nature of Ethereum. As Ethereum continues to evolve and progress, the upgrade enhances its scarcity and potential value. With staking withdrawals, the circulating supply of Ethereum may decrease over time, potentially driving up its value.

Lastly, the Shapella Upgrade expands Ethereums practical use cases in decentralized finance (DeFi) and smart contracts.

Since the Shanghai upgrade went live, which allows for staked Ethereum to be withdrawn from Ethereums beacon chain, therefore, for those who stake on the Ethereum network (via last years Merge upgrade), will be able to withdraw their Ether from the network. This may build a more potent demand for staking.

Finally, the Capella upgrade will provide improvements to Ethereums consensus mechanism and further improve the network overall.

Now, with these improvements, DeFi applications can leverage Ethereums programmability and security to offer a wide array of financial services, such as lending, borrowing, and trading, without intermediaries.

Staking Ethereum allows you to participate in the networks proof-of-stake consensus and earn rewards. There are four common methods:

Each method has its own considerations regarding technical expertise, control over private keys, user-friendliness, and reward distribution. Its important to research and choose the method that aligns with your preferences and goals for staking Ethereum.

Even though there are a few alarming things, such as price fluctuations, evolving regulations, and technological vulnerabilities, impacting its value and usability, analysts are predicting Ethereum to outperform the market in the long term despite volatility.

The predictions from Raoul Pal, a former Goldman Sachs fund manager, and Mike McGlone, a Bloomberg analyst, shed light on the potential performance of Ethereum (ETH) in the coming years. Both experts express optimism about ETHs ability to outperform Bitcoin (BTC) and achieve significant price increases.

Raoul Pal bases his prediction on Metcalfes Law, which suggests that the value of a network is proportional to the square of its users. Pal anticipates that ETH could reach 300-400% of its current value in 2023, with a peak above $20,000 in the next few years.

Mike McGlone also shares a positive outlook for ETH, emphasizing its impact on finance. He expects ETH to trade above $2,500 in 2023 and rise to $6,000 by 2025. Because of upgrades that already happened and still have to happen, Ethereum is becoming cheaper and faster and even more user-friendly.

Moreover, the Shapella Upgrade offers two advantages for long-term yield:

Now that staking withdrawals are live, investors are more keen to invest in Ethereum as it offers a more liquid yield. It allows for staking withdrawals, making Ethereum more akin to a lucrative stock. The upgrade also enhances Ethereums scarcity and potential value, expands its use cases in decentralized finance and smart contracts, and improves user-friendliness.

Additionally, Pal and McGloan agree that Ethereum will outperform the market in the long term, with optimistic price projections. With account abstraction and single slot finality, the Shapella Upgrade further contributes to the long-term yield potential of Ethereum. Overall, Ethereums future looks promising as it continues to evolve and solidify its position in the crypto space. However, it is still well below its all-time highs despite its recent rally, so focusing on long-term investment would be best to getting the best yield.

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ETH Staking: How To Get The Best Yields Post Ethereum's Shapella ... - CCN.com

In the dynamic world of cryptocurrencies, a joke made in passing can sometimes shape the course of events. Just ask Elon Musk. This was the case when Ethereum co-founder Vitalik Buterin made an April Fools jest in 2018, suggesting an ether supply cap. At the time, it was dismissed as improbable.

Today, a blend of technology and circumstance has turned the prank into an unplanned reality, with the total ether supply seemingly capped. This unexpected shift has significant implications for Ethereums network, its users, and the broader crypto market.

In the annals of Ethereums history, Buterins 2018 proposal, made in jest, barely registered. However, the subsequent evolution of Ethereum has rendered this joke unexpectedly prescient.

Today, thanks to a confluence of technological advancements, Ethereums supply curve is experiencing a dramatic shift. The key players in this unexpected turn of events are the EIP-1559 burn mechanism and the impact of the Merge on Ethereums supply curve.

The Ethereum Improvement Proposal (EIP) 1559, a core component of the London hard fork, introduced a mechanism to burn a portion of the transaction fees. This unique feature has a profound impact on the supply dynamics of ether, Ethereums native token. By regularly burning ether, EIP-1559 effectively reduces the cryptocurrencys overall supply.

Simultaneously, Ethereums transition from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism, known as the Merge, has significantly altered the rate of new ether creation. In the PoW model, miners create new ether as they add transactions to the blockchain. The PoS model, however, drastically reduces this rate of new ether creation.

These technological advances have unintentionally led Ethereum towards a deflationary nature. Its a stark divergence from Buterins initial vision of minimum necessary issuance. Yet, its a change that could have profound implications for Ethereums future.

Ethers deflation has a ripple effect that extends far beyond the Ethereum network. As the total supply of ether diminishes, the tokens scarcity increases. Scarcity, as economic theory suggests, can drive up the value of an asset.

In the realm of cryptocurrencies, Ethereums unplanned supply cap invites comparison with Bitcoin, the largest cryptocurrency by market capitalization.

Bitcoin has a fixed supply limit of 21 million coins. Once these coins are mined, there will be no new bitcoins. Ethereums unplanned supply cap places it in a similar position, potentially boosting its allure as a store of value.

Moreover, this discussion wouldnt be complete without considering gold, the traditional hedge against inflation. Golds supply, like that of Bitcoin, is naturally capped. At some point, well run out of gold to be mined. This scarcity has been a key factor in its value proposition for centuries. Ethereums new deflationary status invites comparison with this timeless asset class.

The unexpected introduction of a supply cap to Ethereums ecosystem provokes speculation about the blockchains future. What can we expect as Ethereum continues to evolve? The implications are vast, presenting both challenges and opportunities for the network and its users.

One potential challenge lies in the networks transaction costs. As ether becomes more scarce, transaction fees may increase. Higher transaction costs could deter users, potentially limiting Ethereums growth. However, these concerns should be weighed against the potential benefits.

A capped supply could attract a new wave of investors, enhancing Ethereums market position.

Scarcity often increases an assets appeal. With an unintentional supply cap in place, ether becomes a more attractive investment. This could encourage more market participants, driving up demand and potentially boosting the tokens value.

However, this raises another question: Could Ethereums supply cap change its fundamental nature? Traditionally, Ethereum has been valued for its utility, particularly its smart contract capabilities. With a supply cap, it may evolve into a store of value, much like Bitcoin or gold.

As we ponder Ethereums future, its worth considering the broader ecosystem. Ethereum is the backbone of the burgeoning Decentralized Finance (DeFi) sector. The supply cap, therefore, has implications that extend beyond Ethereum itself.

DeFi projects often use ether as collateral. With a capped supply, the value of this collateral could increase, potentially boosting the value of the entire DeFi sector. On the other hand, increased transaction costs could make DeFi applications less accessible, potentially stifling innovation.

As we delve into the intricacies of Ethereums evolution, the cap on ethers supply represents a significant milestone. What began as a casual joke by Buterin has now morphed into a defining characteristic of ETHs economic model. The advent of EIP-1559 and the transition to a PoS consensus mechanism have inadvertently created a deflationary dynamic, with potential implications far beyond its native token.

In the broader landscape of cryptocurrencies, Ethereums unplanned supply cap adds another layer of complexity and intrigue. Comparisons with Bitcoin and gold have emerged, highlighting ETHs growing appeal as a potential store of value. Concurrently, the effect of this shift on the DeFi sector, largely built on Ethereums network, is an area of keen interest.

Yet, amid these transformations, challenges and opportunities coexist. Higher transaction costs could deter users, while the allure of a capped supply could attract new investors. Ethereums utility as a platform for decentralized applications could shift towards being a deflationary asset.

As Ethereum continues its journey, the story of its unplanned supply cap serves as a reminder of the crypto worlds unpredictable and dynamic nature. As observers and participants in this space, we can only anticipate, adapt, and learn.

Following the Trust Project guidelines, this feature article presents opinions and perspectives from industry experts or individuals. BeInCrypto is dedicated to transparent reporting, but the views expressed in this article do not necessarily reflect those of BeInCrypto or its staff. Readers should verify information independently and consult with a professional before making decisions based on this content.

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Ethereum's Unplanned Supply Ceiling: A Joke Turned Into Reality? - BeInCrypto