The ABCDE of Cryptos: from Avalanche to Ether

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Cryptocurrency is part of the future of money, but that doesn't mean much if you don't know how to understand a crypto, how to gauge its potential, or know the metrics that you need to watch out for. But for people who are just starting off, here's a primer to get you started on your research. If you can't or don't want to do your own research, then you can focus on these five cryptos.

  • A = Avalanche
  • B = Bitcoin
  • C = Chainlink
  • D = Decentraland
  • E = Ether

Now let's take a quick dive into these 5 cryptos. But before that I want you to read the crypto metrics we discussed before. And some things to remember — the figures mentioned are as of 19 November 2021 and have been rounded off. Market cap = Current Price x Circulating Supply. And Volume (24h) is the fiat value of this crypto traded over the last 24 hours.

A = Avalanche (AVAX)

Avalanche is one of the largest Decentralised Finance (DeFi) blockchains. What I like the most about it is that it lets me launch customized private and public blockchains.

Avalanche has an amazing transactional throughput of 4500 tps. The others are very low in comparison – Bitcoin (7 tps), Ethereum (14 tps), Polkadot (1500 tps).

AVAX is Avalanche's native token and it can be used for staking, paying fees, and providing a unit of account between the multiple subnetworks created on Avalanche.

Some of the core AVAX metrics are:

Price $103
All-time high $ 110.31
All-time low $ 2.79
Market cap $22.8 billion
Volume $1.9 billion

B = Bitcoin (BTC)

Bitcoin (BTC) is the world's first and largest cryptocurrency. In fact, the word “blockchain” is derived from its whitepaper. In September 2021, El Salvador became the world's first country to recognize Bitcoin as a legal tender.

Today a lot of top financial institutions and large companies are beginning to hold and trade in Bitcoin. We have seen the emergence of Bitcoin ETFs (Exchange Traded Funds). Many people are also considering Bitcoin to become a store of value and exceed the market capitalisation of gold.

Bitcoin has not been pre-mined, meaning that no coins have been distributed between the founders before Bitcoin became available to the public.

Some of the core BTC metrics are:

Price $ 56,920
All-time high $ 68,789.63
All-time low $ 65.53
Market cap $ 1 trillion
Volume $ 43 billion

C = Chainlink (LINK)

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The problem that Oracles solve is this – “How can a smart contract get data from the outside world?”. Oracles act as middleware between smart contracts and external sources of data. Chainlink is a decentralized network of independent oracle node operators.

LINK is the crypto token that is used for paying Chainlink node operators for providing oracle services.

Some of the core LINK metrics are:

Price $ 27
All-time high $ 52.88
All-time low $ 0.1263
Market cap $ 12.8 billion
Volume $ 1.2 billion

D = Decentraland (MANA)

The metaverse is a parallel “digital universe” where you could create your digital avatar and do all sorts of cool stuff – learn, play, party, and more! Decentraland is building some really cool things in the metaverse and has 2 cryptos – MANA and LAND.

MANA is an ERC20 fungible token that can be spent for buying LAND which is an ERC-721 (non-fungible) Ethereum token. Other than virtual land, you can also buy avatars, wearables, and even names on the Decentraland marketplace.

Some of the core MANA metrics are:

Price $3.96
All-time high $4.69
All-time low $0.007883
Market cap $8.7 billion
Volume $7.1 billion

E = Ether (ETH)

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Ethereum is neither a blockchain nor a cryptocurrency — it's a protocol (a set of rules or procedures). The original Ethereum-powered public blockchain split into two blockchains – Ethereum and Ethereum Classic — after the 2016 Decentralized Autonomous Organization (DAO) hack.

The Ethereum public blockchain is the world's largest and most popular Decentralised Finance (DeFi) platform and its native crypto is Ether (ETH). ETH is the fuel for the execution of decentralized smart contracts on the Ethereum blockchain.

Some of the core ETH metrics are:

Price $4,146
All-time high $4,869.5
All-time low $0.4209
Market cap $492 billion
Volume $23.4 billion

Rohas Nagpal is the author of the Future Money Playbook and Chief Blockchain Architect at the Wrapped Asset Project. He is also an amateur boxer and a retired hacker. You can follow him on LinkedIn.


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

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FC Barcelona Cancels Ownix NFT Deal Two Weeks After Announcement

FC Barcelona, one of the biggest football clubs in the world by revenue, has decided to cancel a deal penned earlier this month with non-fungible token (NFT) marketplace Ownix after the arrest of Israeli crypto mogul Moshe Hogeg — a consultant for the NFT marketplace. The termination came in the form of a short statement from the club through its website, just days before the club's first NFT collection auction was scheduled on the platform. FC Barcelona claims that the termination of ties with Ownix is in place with immediate effect.

The police arrested Moshe Hogeg, who reportedly has ties to Ownix, on suspicion of involvement in an alleged massive fraud related to cryptocurrencies. He was arrested along with seven other people. Hogeg happens to be the co-founder of Sirin Labs — the same company that had launched the much-hyped blockchain smartphone in 2019, and also the owner of Israeli football club Beitar Jerusalem.

FC Barcelona's cancellation statement read, “In light of information received that goes against the club's values, FC Barcelona hereby communicates the cancellation of the contract to create and market NFT digital assets with Ownix with immediate effect.”

In response to the cancellation, Ownix issued a statement distancing the company from Hogeg and stating the ‘incidents' happened years ago. It claims that it has terminated its consulting agreement with Hogeg, apparently at Hogeg's request. While sources within FC Barcelona claim that Hogeg was only an “external advisor” for Ownix, the NFT marketplace refrains from stating if Hogeg held ICO (initial coin offering) tokens named ONX which was created in late July.

​FC Barcelona's deal with Ownix involved the launch of NFTs focused on improving its financial footing while improving connections with its global fanbase. The series was set to feature digital trinkets of historic moments from the club's 122-year history, which includes an illustrious trophy cabinet that features 95 domestic and international laurels, including 26 domestic league titles and five UEFA Champions League titles.

Although the club and those over at Ownix hasn't penned down a proper plan, the club wanted to allow fans to bid on clips of highlights in online auctions enabled through Ownix's own marketplace. Fans were then supposed to bid on the club's most iconic events over the year caught on camera to have a piece of footage for themselves. Ownix, meanwhile, had stated that the Barcelona NFTs would be selected by a “special joint committee” and then minted, first as unique one-off auctions and later as a broader collection.

Football brands and clubs with massive global fanbases have been exploring NFTs as a way of generating income and increasing fan engagement. In September, Spain's La Liga became the first of Europe's top football leagues to offer NFTs of all its players through French digital soccer collectables platform Sorare. Other European clubs in Porto, AS Roma, and Liverpool have previously announced NFT deals too.


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

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