Cryptocurrency has a reputation for being somewhat volatile. But have you ever stopped to look at what exactly causes that rollercoaster effect we see with the likes of Bitcoin, Ethereum, and altcoins?

If you’re based in Australia, you might assume that local news, demand, or regulation sets the pace. But the truth is, global markets are often the main driving influence.

From interest rate decisions by the US Federal Reserve to sudden tweets from major influencers like Coin Bureau, BitBoy Crypto, and Brian Jung, what happens overseas can directly impact the crypto prices you see here in AUD.

Therefore, if you’re keen to invest, trade, or just stay informed about the digital currency, it is important to understand the global forces that are shaping crypto prices in Australia and how you can stay one step ahead.

 

## See All Cryptocurrency Prices in Real Time

If you want to keep track of live movements, one of the best ways to do this is to use a platform like Independent Reserve. It enables you to check [all cryptocurrency prices](https://www.independentreserve.com/au/markets) in one place.

By doing this, you’ll get a real-time look at how Bitcoin and other cryptocurrencies are performing against AUD and USD.

 

## How Global Economic Events Influence Local Crypto Prices

One of the biggest drivers of [crypto](https://www.skillsyouneed.com/general/digital-crypto-currency.html) price changes globally, and by extension in Australia, is macroeconomic news.

Take US interest rate hikes, for example. When the Federal Reserve tightens monetary policy, global investors tend to become more risk-averse. This often results in quick sell-offs in riskier assets like Bitcoin and altcoins.

Therefore, even though this decision is made in Washington, the effect is felt here in Australia within hours.

 

Similarly, factors like global inflation reports, banking sector instability, or international crises (like conflicts or pandemics) can cause spikes or slumps across crypto markets, regardless of whether anything has changed on Aussie soil.

 

## Major Crypto Exchanges Set the Global Tone

Australia has plenty of reputable crypto trading platforms like Independent Reserve and Swyftx. However, they all follow the pricing lead set by major global exchanges such as Binance, Coinbase, and Kraken.

This means that as the bulk of daily trading volume happens in the US or Asian markets, liquidity (how easily you can buy or sell crypto) is shaped by overseas activity. 

Therefore, if large investors (known as whales) move millions of dollars worth of Ethereum on Binance, you’ll most likely feel that ripple when you log in to your Aussie account.

 

## Time Zones Matter More Than You Think

Let’s not forget the timing factor because when Australians are fast asleep, the North American and European crypto markets are in full swing.

That means you might wake up to massive changes, which could be either positive or negative, that happened overnight. By the time Aussie investors react, global traders have often already moved on to the next news cycle.

While crypto never sleeps, we do. That’s why it’s important to use price alerts or tracking apps if you're managing investments in real time.

 

## Why the US Dollar Impacts Aussie Crypto Prices

Even though we’re trading in Australian dollars, the US dollar still rules the crypto world.

Most crypto is priced in USD first, then converted to AUD via exchange rates. If the Aussie dollar weakens against the greenback, you might find yourself paying more for the same amount of Bitcoin, regardless of the underlying crypto price.

For example, if 1 BTC is worth $30,000 USD, and the AUD weakens from 0.70 to 0.65, you’ll need to fork out more in local dollars to buy that same coin. This adds another layer of volatility that local investors need to keep in mind.

 

## Media Buzz and Global Sentiment Drive FOMO

It is important to never underestimate the power of sentiment. A single tweet from Elon Musk or a bullish CNBC segment can trigger global FOMO (fear of missing out). Likewise, bad news, such as a major crypto exchange collapse or government crackdown, can lead to panic selling across the globe.

Platforms like Reddit, Twitter/X, and YouTube are filled with global voices that shape how investors here in Australia feel about entering or exiting the market.

Even if the fundamentals of a coin haven’t changed, perception alone can move the market, and that perception often starts overseas before hitting Aussie headlines.

 

## The Ripple Effect of Global Regulation

Regulatory developments in the US, Europe, and Asia can send shockwaves across the crypto ecosystem.

For instance, when the US Securities and Exchange Commission (SEC) takes legal action against an exchange, it shakes investor confidence worldwide. The same goes for news like [China banning Bitcoin mining](https://www.nytimes.com/2021/09/24/business/china-cryptocurrency-bitcoin.html) or the EU rolling out stricter stablecoin laws.

Even though these events don’t happen in Australia, they can affect coins traded on Australian exchanges, especially if that coin is delisted or faces global scrutiny.

Locally, Australia is slowly moving towards stronger crypto regulation. But the real market movers remain international for now.

 

## Smart Ways for Aussie Investors to Keep Up

So, how do you stay on top of these shifting global forces without becoming overwhelmed?

Here are some tips you may want to follow:

* Follow global news sources like CoinDesk, CoinTelegraph, and Bloomberg Crypto
* Use Australian exchanges like Independent Reserve for local insights
* Set up price alerts via mobile apps like Blockfolio or CoinMarketCap
* Keep an eye on the AUD/USD exchange rate, especially before large buys
* Avoid panic buying or selling based purely on social media hype

The more you can blend local tools with a global awareness, the easier you will find it to make smarter and more confident decisions in your crypto journey.

Discover how global markets, US policies, and sentiment drive cryptocurrency prices in Australia. Stay ahead with smart trading insights.

How Cryptocurrency Prices in Australia Are Affected by Global Markets

Web3, which is also known as Web 3.0, is a modern term used to describe the next step in the evolution of the World Wide Web, incorporating various concepts, such as token-based economics, blockchain technologies, and decentralized finance (DeFi), all of which is in stark contrast from the Semantic Web concept pioneered by Sir Tim Berners-Lee.

On this page, we will be taking a closer look at how gaming has become integral to the development of the Web3 space, and why Web3 gaming is expected to grow and evolve substantially over the coming years to create a more secure, user-empowered, and highly equitable internet. 

The underlying concept of Web3 aims to enhance user ownership and privacy and enable decentralised control. Let’s dive straight in to discover more. 

### What is Web3 gaming?

Web3 gaming is a distributed process where digital games that people can play online are hosted on unhackable [blockchain networks](https://www.ibm.com/think/topics/blockchain). Games hosted on blockchain networks have no single point of failure and rely on voting consensus to modify the gaming process. 

The gaming industry has adapted by tapping into the power of Web3 technology, combining digital entertainment activities (gaming) and finance, known as GameFi, which allows players and content creators to earn for themselves through gameplay by accruing value in cryptocurrencies and nonfungible tokens (NFTs) using smart contracts.

In traditional games, ownership is usually limited to the platform. The games where users can earn money/cryptocurrency and own digital assets are called Play-To-Earn (P2E) games (and Play-to-Own), which balance rewards with gameplay to create thriving digital ecosystems that are designed to last indefinitely.

### Examples of Web3 games

Some of the most famous Web3 games and metaverse worlds that many of you may already be familiar with by now that offer diverse gameplay and blockchain-based features, include the following:

* **Axie Infinity**
* **The Sandbox**
* **Splinterlands**
* **Decentraland**
* **Illuvium**
* **Sorare**

Others include My Neighbour Alice, CryptoKitties, Ember Sword, Off the Grid, Arc8 Beasts: Win Cash Prizes, Crazy Defense Heroes, Sparkball, Hamster Kombat, Upland, Cross The Ages, and Guild of Guardians, to name a few. 

Web3 essentially shifts power from centralised platforms, handing it to individual users, which enables them to control their personal/sensitive data and assets and participate more directly in digital ecosystems across the internet. 

There are many other online gaming platforms that use similar technology, such as the official [10bet Crypto Betting](https://www.10bet.co.za/crypto/) site, which allows South African players to deposit into their account, play any of their favourite games (or place sports best), and withdraw their winnings using cryptocurrencies, like Bitcoin, Ethereum, Litecoin, and Tether, instead of fiat currencies such as South African Rand (ZAR). 

Web3 gaming is about more than just playing games on unhackable platforms. It’s also about unlocking a new concept that hands more control to players over ownership, but also creating exciting new opportunities in the gaming world.   

Web3 distributes control across a network of users and computers, which makes it more resistant to single points of failure and censorship. 

Blockchain technology is leveraged to create a transparent and secure record of data and transactions, which enables highly secure peer-to-peer transactions, digital ownership, and other features. 

Smart contracts eliminate the need for interfering third-party intermediaries, which increases efficiency, boosts anonymity, and safeguards the very essence of online freedom, security, and privacy.   

### Is gaming a key part of Web3 technology?

Yes, gaming in the modern digital era has become a major part of Web3. The mass adoption and integration of decentralised systems and blockchain technology indicate a tremendous transformation in the gaming sector by allowing great ownership of in-game digital assets for players, opening up new monetisation opportunities, and leading to a far more immersive, engaging, and transparent overall gaming experience. 

Although Web3 games are still relatively new, the very nature of the technology and the constantly evolving ecosystems will continue to play a key role in shaping the metaverse, indicating a strong future for the traditional online gaming and iGaming sectors. 

As each day passes, there are increasing numbers of players/users, games, and transactions, which is why the Web3 gaming market continues to show signs of incredible growth. 

By integrating blockchain technology and creating more dynamic and lucrative gaming ecosystems, Web3 gaming aims to decentralize control structures, giving players far more control and fostering community-driven environments. 

### Final thoughts

Over the coming years, Web3 technology will continue to evolve and is expected to be integrated more into the gaming industry to push the boundaries of what is possible in online gaming and unlock many exciting new opportunities. 

Thanks to this technology, people can participate in decentralised, player-centric ecosystems and economies in unique new ways. 

Other key technologies, such as [artificial intelligence](https://edition.cnn.com/2025/07/23/politics/fda-ai-elsa-drug-regulation-makary) (AI), machine learning, faster internet speeds, cloud gaming/computing, virtual reality (VR), and augmented reality (AR), will also play a huge role in the development of the Web3 gaming experience in ways that we cannot yet imagine.

Discover how Web3 gaming transforms ownership, decentralization, and play-to-earn ecosystems, shaping the future of online gaming.

Is Gaming a Key Part of Web3? 

The crypto economy and environment are filled with much more than just digital coins, and now have complicated relationships between smart contracts, token protocols, and mining software. It is important to understand how these elements coordinate work for anyone involved in blockchain development, cryptocurrency mining or decentralized finance. This complex interplay between software systems and token protocols is the foundation of contemporary blockchain networks.

##  What are Smart Contract Tokens?

Smart contract tokens are a major development of blockchain technology as they are no longer limited to the core functionality of native cryptocurrencies such as Bitcoin. These tokens are programmable contracts that live on blockchain networks (mainly Ethereum, Binance Smart Chain, and other compatible networks). In contrast to other common cryptocurrencies, which run on their dedicated blockchain platforms, smart contract tokens effectively use existing blockchain platforms with the benefit of offering customizable functionality through code.

The most popular smart contract token standards are ERC-20 (fungible tokens), ERC-721 (non-fungible tokens, or NFTs) and ERC-1155 (multi-token standards). All standards specify certain functions and events which tokens have to incorporate and that should be compatible with other applications and services. This uniformity enables wallets, exchanges, and other software to be easily compatible with different tokens without having to individually write code to work with each of them.

The supply mechanism, distribution methodology and utility functions of smart contract-based token creation are highly flexible. You can program tokens to carry different fixed supplies, inflationary or deflationary dynamics, governance, or complicated reward structures. This flexibility has led to the development of complex decentralized applications (dApps) that directly use token economics as an essential part of their actions.

## Mining Software and Tokens Protocol

The smooth running of blockchains and the smart contract tokens that operate on them relies on the existence of mining programs. When the miners verify transactions and produce new blocks, they are not doing some trivial cryptocurrency transfer computation — they are running smart contracts, transferring tokens, and interacting with complex protocols.

The contemporary mining programs should be able to process different kinds of transactions, including simple transfers and more complicated activities related to smart contract execution. This needs advanced software design that is able to handle various instruction sets, handle gas fees effectively, and prioritize transactions according to profitability and network demands. Mining pools can also be associated with a specially designed software which is capable of switching among various cryptocurrencies and maximizing hash rates on varied algorithms.

When selecting the [best bitcoin mining software](https://www.webopedia.com/crypto/mining/best-bitcoin-mining-software/), several factors come into consideration that directly impact profitability and operational efficiency. CGMiner is by far one of the most feature-rich and universal in terms of the supported mining hardware, and it has the most advanced features such as fan speed control and the ability to be remotely interfaced. BFGMiner has the same functionality but also gives more attention to FPGA and ASIC devices, and EasyMiner has a graphical interface, which is especially convenient for a beginner. To maximise efficiency, mining software such a NiceHash Miner automatically switches between profitable algorithms. Software choice affects hash rates, power draw and mining profitability. It is therefore critical to choose a software that is both appropriate to the hardware capabilities as well as mining goals.

Mining software and token protocols are related to each other more than just processing transactions. Sophisticated mining activities usually revolve around the use of decentralized finance (DeFi) protocols, automated market makers, and liquidity mining regimes. These interactions demand mining software that can interpret and execute complex smart contract calls, support multiple types of tokens at once, and optimize in relation to a wide variety of reward mechanisms.

## Protocol-Level interactions and compatibility

On the protocol side, the tokens of smart contracts should be able to interact with the blockchain system and the mining networks. This interactivity has multiple levels of communication such as the consensus mechanism, transaction pool management, and block validation process. Mining software has to read and operate smart contract bytecode and preserve network security and rules of consensus.

Various blockchains use different solutions to smart contracts execution and tokens management. Ethereum has a standardized execution environment based on the Virtual Machine (EVM) whereas other networks such as Solana or Cardano have alternative architectures. The tokens that run on the various networks require mining software that can work with them.

The gas fee mechanisms of networks such as Ethereum introduces further complexity to mining software. Miners have to consider the profitability of including different transactions in blocks, based on the computational resources that are needed and the fees that are being provided. This assessment process has direct implications on what token transactions will be processed and in what sequence, that will affect the overall user experience of smart contract token interactions.

## Software implementation and Token Security

Security is the most important aspect of the interaction of software with a token protocol. The security properties of smart contract tokens inherit the security properties of their underlying blockchain networks, and they also introduce new attack surfaces by being programmable in nature. The mining software and infrastructure should have strong security to avoid any form of manipulation and attack.

Token lockers represent a critical security mechanism in the smart contract token ecosystem, providing a way to lock tokens for specific periods or until certain conditions are met. These systems are applied with mining and validation programs to make sure that locked tokens cannot be transferred irresponsibly, regardless of the compromise with the private keys. [Token lockers](https://www.coinscope.co/blog/token-lockers-where-to-lock-your-tokens-and-liquidity-pool) are particularly important for new token launches, providing confidence to investors that development teams cannot immediately dump their holdings on the market.

The implementation of token lockers requires careful integration with existing blockchain infrastructure and mining software. The systems need to be capable of confirming lock states, time-based releases, and different emergency situations and be compatible with normal wallet software and integrations with exchanges.

## Technical Resources and Documents

To developers involved in creating tokens of smart contract and mining programs, documentation and reference material is crucial. Webopedia provides valuable resources that explain complex blockchain concepts and their implementation. Quality documentation ensures secure, efficient communication between developers and token protocols.


## Developments and Trends in the Future

The world of smart contract tokens and mining software is still developing fast and new developments in scalability, interoperability, and functionality are appearing on a regular basis. Layer-2 solutions, interchain bridges, and other consensus mechanisms are transforming the way tokens and mining software interact with blockchain networks.

Proof-of-stake systems are presenting new necessities of validator program and staking. Such changes mean that token protocols must adjust their interaction patterns and security hypotheses, introducing new challenges and opportunities to the software developers.

The evolution would probably involve more automation, more security systems, and the effective use of resources throughout blockchain networks.

The convergence of smart contract tokens with mining software is a key aspect of the contemporary cryptocurrency environment and thus needs continued scrutiny in terms of technical specifics, security, and emerging best procedures.

Explore how smart contract tokens, mining software, and token protocols interact to shape blockchain security, efficiency, and future trends.

Smart Contract Tokens and Mining: The Way Software Plays with the Token Protocols

A Bitcoin wallet is a tool that allows users to store, send, and receive Bitcoin securely. Unlike traditional banking, Bitcoin wallets are based on decentralized technology, meaning they do not rely on a central authority. These wallets function using private and public keys, ensuring secure transactions while maintaining control over digital assets.

Legal and Regulatory Challenges in Wallet Freezing

Governments and financial institutions continue to explore ways to regulate cryptocurrency transactions. Various countries have different rules regarding the control and restriction of digital wallets. Some jurisdictions impose strict guidelines requiring exchanges and wallet providers to comply with legal frameworks to prevent illegal activities. Regulatory measures can affect how users interact with Bitcoin and whether restrictions are placed on specific wallets.

Technical Possibilities of Wallet Freezing

Although Bitcoin operates on a decentralized network, certain entities can still attempt to restrict or blacklist specific wallets.  Blockchain tracking tools allow authorities to monitor transactions and flag addresses associated with suspicious activities. Some platforms maintain lists of restricted addresses, making it difficult for flagged wallets to transact. Centralized exchanges may also freeze wallets or limit access based on compliance measures.

Scenarios Where Wallet Freezing Might Occur

Wallet restrictions can happen under certain conditions. Authorities may enforce limitations when they suspect illegal activities such as fraud, money laundering, or other financial crimes. Compliance with court orders or government regulations may also lead to wallet restrictions. Some platforms have policies that prevent transactions from flagged addresses to comply with financial security laws.

Methods Cryptocurrency Platforms Use to Restrict Wallets

Exchanges and financial service providers have several ways to limit wallet activity. They may block transactions from flagged addresses or impose withdrawal limits. Blockchain analysis firms work alongside regulatory bodies to identify patterns linked to illicit transactions. Some platforms cooperate with law enforcement agencies to prevent the misuse of digital assets.

Limitations and Challenges of Wallet Freezing

Despite efforts to control certain wallets, decentralization makes it difficult to enforce restrictions fully. Bitcoin operates on a distributed network, meaning users can create new wallets or use non-custodial solutions to maintain access to their funds. Privacy-focused methods, such as coin-mixing services, can make it challenging to track specific transactions. The inability to completely freeze wallets highlights the unique structure of Bitcoin’s decentralized system.

Protecting Your Bitcoin Wallet from Potential Restrictions

To reduce the risk of wallet restrictions, users should follow secure practices. Understanding the legal requirements in their region can help them stay compliant while using Bitcoin. Selecting trustworthy exchanges and wallet providers ensures that funds remain accessible. Using self-custodial wallets, where the user controls their private keys, provides additional security against potential restrictions.

Real-World Examples of Wallet Restrictions

There have been cases where wallets were restricted due to regulatory actions or fraud investigations. Some users faced difficulties accessing their funds due to compliance measures enforced by platforms. These cases highlight the importance of understanding how wallet restrictions work and how to avoid potential issues when managing Bitcoin.

Future of Wallet Control and Regulation

As cryptocurrency adoption continues, governments and financial institutions may introduce more measures to regulate transactions. New technologies are being developed to enhance transaction tracking, while some jurisdictions aim to create balanced policies that maintain privacy while preventing illicit activities. Users should stay informed about legal developments and adopt best practices to ensure secure [Bitcoin Wallet](https://www.bitamp.com/) transactions without unnecessary restrictions.

Learn how and why Bitcoin wallets can be frozen or blacklisted, the role of regulations, and how to protect your digital assets from restrictions in the evolving crypto landscape.

Can a Bitcoin Wallet Be Frozen or Blacklisted? Here’s What You Need to Know

Coins like BTC and ETH are already too big to grow drastically out of proportion. This ship has already sailed. Surprisingly, BTC did return 155% at one point during 2023 (an amazing bounce-back year for crypto) but when it comes to returns that are in thousands of percent (like BTC did in 2017), you have to find a new coin.

This is easier said than done.

There are so many coins out there, and you’re probably not a crypto expert to begin with. This is why you might need some help figuring out which factors are worth paying attention to. So, here’s a brief list of what you should look out for to pick the right coins to buy in 2024.



## 1. Team and Development

It’s not incidental that all major fiat currencies belong to the wealthiest economies in the world, as well as the world’s largest superpowers. The only fiat currency that doesn’t fall under this category is the CHF because Switzerland is arguably one of the most stable countries and economies in the world.

In other words, when examining a fiat currency, you’re looking at the powers behind it. When examining a cryptocurrency, you need to focus on the team behind it and the development process as well as any [audit certifications](https://www.cyberscope.io/blog/smart-contract-audit-services-what-to-expect) that the project might have undergone. 

First, you can start by researching individual team members, especially at the very top. In the digital world, it’s pretty easy to track someone’s career. You should focus the most on their previous projects, but keep in mind that some of the most successful people failed a few times before getting it right.

While everything is supposed to be polished on their official website, it’s worth checking it out either way. While you’re at it, you can also check their social media and online presence. 

![Cryptocurrency Trading Graph](https://firebasestorage.googleapis.com/v0/b/coinscopearticles.appspot.com/o/bucket%2F1709296813181-2.png?alt=media)

## 2. ICOs and Presales

The best way to maximize the value of your investment is to find a new coin, like one of those on the [best presales list from Techopedia](https://www.techopedia.com/cryptocurrency/best-presales), and be an early adopter. Their value is quite low, and while the majority of them won’t go anywhere, some might give a return in the thousands. Don’t forget that there was a point in time when BTC was $2-3 per coin.

A lot of people don’t understand the difference between ICOs and presales. Both offer tokens at a low price in the early stage of development. The biggest difference is that ICOs are publicly available, while presales are usually offered to a select group of investors. However, this is not the rule, and some presales can be accessed by anyone, as well. 

While no one can guarantee that one coin or another will grow in value, some presales show greater promise than others. Always do your research to find the coins that show the most promise. 



## 3. Market Capitalization

A bigger coin has a larger market cap, making it more stable and less susceptible to manipulation or speculation. Overall, cryptocurrencies are a new asset, and they’re volatile by default; however, they’re not all as volatile.

The next thing to understand is that a smaller market (one worth hundreds of thousands and millions instead of hundreds of millions) can be manipulated by a relatively small number of large coin holders. If the entire market is worth a million and you have $500,000 worth of coins, you can do as you please.

With larger markets, the behavior of the coin is more similar to the way fiat markets behave, although it’s not completely the same.

The problem with this is that these smaller coins will never have a huge market capital. This is why keeping your portfolio diverse is so important. Keep some of your funds in these larger cryptos and set aside a part for riskier investments.



![Cryptocurrency Capitalization](https://firebasestorage.googleapis.com/v0/b/coinscopearticles.appspot.com/o/bucket%2F1709297157542-3.png?alt=media)



## 4. Check Liquidity

The simplest way to explain liquidity is to ask - how quickly can I convert this asset into cash? With cryptos, this is sometimes much simpler since some cryptocurrencies are used like real money. For instance, a lot of vendors accept BTC, which means that for all intents and purposes, BTC is as liquid as fiat cash.

People are getting their salaries in crypto, cryptos are a massive force in global remittances, and there are so many scenarios in which people prefer crypto over fiat. So, if you’re often doing business with such industries, this should definitely be something you’ll take into consideration. 

However, not all cryptocurrencies are BTC. [What about buying NFTs](https://www.coinscope.co/blog/10-things-to-consider-before-buying-an-nft)? Some NFTs have a strong demand and an active trading community. In that case, just go for it. Still, what if this is not the case? This doesn’t mean that you shouldn’t invest in that particular crypto. It just means that being more careful is advised.



## 5. Community and Adoption

While this would make sense, the community size won’t always be equivalent to the market cap. Sometimes, you need to take into consideration the fact that the audience will grow the market cap, but this takes time, especially with newer coins. If anything, a bigger audience always means bigger growth potential.



Next, check the platforms where these coins are discussed. Social media presence, online forums and communities, and even their official communication channels are great places for you to start your research. 



Not all attention is necessarily good attention. What you’re looking for is the right kind of adventure. Just listen to the conversation and try to figure out the tone. Is optimism overpowering concern? Is this optimism even genuine-sounding, or do a few vigilant marketers just generate it?



![Purpose and use case](https://firebasestorage.googleapis.com/v0/b/coinscopearticles.appspot.com/o/bucket%2F1709296939856-4.png?alt=media)

## 6. Purpose and Use Case

All fiat currencies have the same purpose, with the only difference being their value and country of origin. Sure, in some countries, the local exchange office might not have the currency you want or accept the currency you’re trying to trade in, but even this is mostly done via an app nowadays.



This is not the case with cryptocurrencies. Each cryptocurrency has a different purpose and use case; by examining them, you can figure out which has the greatest potential. 

The majority are used as digital cash or a store of value. Still, some play a larger role in DeFi or trends like smart contracts. These are especially worth paying attention to.

## 7. Regulatory compliance 

While cryptos aren’t as regulated as some other assets, this doesn’t mean that there’s no regulation whatsoever. 



For instance, one of the biggest concerns that the majority of government agencies have with crypto is the fact that they are used for money laundering. Therefore, [AML (anti-money laundering) and KYC (know your customer)](https://www.dowjones.com/professional/risk/glossary/anti-money-laundering/kyc-vs-aml/) procedures are paramount.



Without them, no government will tolerate a coin for long.



All across the globe, there is room for additional regulation being discussed. While China banned cryptocurrencies (first Bitcoin mining, then all cryptos altogether), countries like the US are looking forward to an increased use of crypto, which is why they’re either introducing regulations or laying the framework for future regulations.



Due to the international nature of the cryptocurrencies, the biggest challenge will be determining jurisdictions. This is something that will require international collaboration between regulators. 



## Key takeaways

While there’s no definitive conclusion as to which cryptos are going to make it, by following these seven factors, you can establish which coins have a potential. Discovering them early enough is the most profitable, but the problem is that the majority of these factors aren’t as visible or transparent too early. Still, the sooner you discover this next “big” coin, the better you’ll do.

In this article, we explore a brief list of what you should look out for to pick the right coins to buy in 2024. 

7 Factors to Pay Attention to When Picking a Coin to Buy

## Introduction

The world of [Non-Fungible Tokens (NFTs)](https://www.coinscope.co/blog/what-is-an-nft-and-why-is-it-valuable) has taken the digital art and collectibles market by storm. From eye-catching artworks to unique virtual assets, NFTs offer a new way to own and trade digital items securely on the blockchain. However, before diving into this exciting world, there are essential factors to consider to ensure a safe and rewarding NFT buying experience. In this article, we'll explore ten crucial things to keep in mind before making your NFT purchase and also shed light on the significance of NFT design awards in guiding investors to qualified projects.



![What are the 10 Things to Consider Before Buying an NFT](https://firebasestorage.googleapis.com/v0/b/coinscopearticles.appspot.com/o/bucket%2F1690968898513-image4.png?alt=media)



## What are the 10 Things to Consider Before Buying an NFT?

Let’s start by examining the most necessary things to consider before investing in an NFT.

1. **Research the Artist or Creator:**
   Before buying an NFT, research the artist or creator behind it. Look into their background, portfolio, and reputation in the NFT community. Established and reputable artists often have a track record of creating valuable and sought-after NFTs.
2. **Validate Authenticity and Ownership:**
   Verify the NFT's authenticity and ownership. Ensure that the NFT is minted or created by a legitimate artist and that you are purchasing it from the original creator or an [authorized marketplace](https://www.coinscope.co/nft/home).
3. **Understand the NFT's Utility and Rights:**
   Determine what rights and utilities come with the NFT. Some NFTs grant access to exclusive content or events, while others may confer commercial rights to the buyer. Be clear on what you're entitled to as an NFT owner.
4. **Evaluate Scarcity and Rarity:**
   Scarcity and rarity play a significant role in the value of an NFT. Limited editions or one-of-a-kind NFTs tend to hold higher value over time. Consider how scarce the NFT is and if it aligns with your investment goals.
5. **Check the Smart Contract and Blockchain:**
   Examine the smart contract underlying the NFT. Ensure that the blockchain platform hosting the NFT is secure and reputable. Verify that the [NFT token](https://nftplazas.com/) conforms to industry standards and follows the platform's best practices.
6. **Assess Liquidity and Market Demand:**
   Consider the liquidity of the NFT and its market demand. An NFT with a strong demand and active trading community is likely to offer better resale potential.
7. **Set a Budget and Avoid FOMO:**
   Set a clear budget for NFT purchases and avoid falling into the fear of missing out (FOMO). NFT markets can be volatile, and impulsive decisions may lead to overspending or regretful purchases.
8. **Consider Storage and Security:**
   Think about how you'll store and secure your NFT. Some NFTs can be stored in digital wallets, while others may require specialized storage solutions. Protect your investment with proper security measures.
9. **Review the Platform's Fees and Policies:**
   Be aware of the platform's fees for buying, selling, and transferring NFTs. Review the platform's policies, including potential gas fees and transaction costs associated with NFT ownership.
10. **Participate in NFT Communities:**
    Engage with NFT communities and forums to gain insights and tips from experienced collectors. Active participation can provide valuable information about emerging trends and upcoming NFT projects.



![NFT Design Awards](https://firebasestorage.googleapis.com/v0/b/coinscopearticles.appspot.com/o/bucket%2F1690968944809-image3.png?alt=media)



## The Power of NFT Design Awards

As the NFT ecosystem continues to evolve, [NFT design awards](https://nftdesignawards.io/) have emerged as a vital component to recognize exceptional NFT creators and projects. NFT design awards platforms curate and celebrate the most innovative, creative, and high-quality NFTs, providing a seal of approval for investors and collectors alike.

By acknowledging outstanding NFT projects and creators, these awards contribute to the credibility and reputation of the NFT space. For investors, participating in projects that have been recognized by reputable design awards adds a layer of assurance that they are engaging with legitimate and valuable NFTs.



### How to Verify NFT Projects Qualified by Design Awards

When considering an NFT purchase, investors can take the following steps to ensure the project has been qualified by a reputable design awards platform:

**Check for Award Badges**
Reputable NFT design awards platforms typically provide badges or certifications that winners can display on their NFTs or project websites. Look for these badges as an indicator of recognition by a design awards platform.

**Review Awarded Projects**
Explore the list of awarded NFT projects on the design awards platform's website. Investigate the winning projects' uniqueness, innovation, and overall quality to gauge their alignment with your investment goals.

**Research the Design Awards Platform** 
Conduct thorough research on the design awards platform itself. Verify its reputation, credibility, and recognition in the NFT community. Read reviews and feedback from other investors to assess the platform's reliability.



![Explore NFTs](https://firebasestorage.googleapis.com/v0/b/coinscopearticles.appspot.com/o/bucket%2F1690968976665-image2.png?alt=media)



## Conclusion

Buying NFTs can be an exhilarating experience, but it requires careful consideration to make informed decisions. By researching artists, validating authenticity, understanding utility, and evaluating scarcity, you can navigate the NFT market more confidently. Remember to set a budget, be mindful of market trends, and engage with the community to make the most of your NFT journey.

As you embark on your NFT adventure, explore NFT design awards platforms where exceptional creators are celebrated, and remarkable NFTs shine. These platforms offer investors a valuable resource to discover and invest in qualified NFT projects.

In this article, we'll explore ten crucial things to keep in mind before making your NFT purchase and also shed light on the significance of NFT design awards in guiding investors to qualified projects.

10 Things to Consider Before Buying an NFT

## Introduction

The cryptocurrency industry is constantly growing, with new projects and tokens appearing on a daily basis. Investors can acquire early access to these new investment opportunities and perhaps reap big benefits by participating in crypto presales. Cryptocurrency presales provide a once-in-a-lifetime opportunity to invest in creative ventures before they become widespread. Discovering new tokens early allows investors to maximize their profits as the project grows in popularity. Investors can also contribute to the development of new technologies in the crypto realm by supporting initiatives they believe in.

Investors should be aware, however, that investing in presales entails risks and uncertainties, and they should always undertake due research before investing. It is critical to conduct a background study on the project team, examine whitepapers and technical materials, and assess tokenomics and distribution. Finally, crypto presales provide investors with the ability to engage in new ventures early on and potentially earn big returns. To avoid fraud and fraudulent schemes, investors must exercise caution and undertake appropriate research.

## How to Find Crypto Presales

For those new to the crypto world, finding presale opportunities can be challenging. However, with the right knowledge and resources, identifying these opportunities can be made easier. Investors should always conduct their own research and due diligence before taking part in any presales on launchpads. There are various resources available for investors to learn about presales, including [Coinscope](https://www.coinscope.co/presale) which provides access to presale opportunities for cryptocurrency projects. By staying informed through social media, cryptocurrency news outlets, and participating in crypto communities and forums, investors can stay ahead of the competition and make informed decisions when it comes to participating in presales.

![Presales Participation](https://firebasestorage.googleapis.com/v0/b/coinscopearticles.appspot.com/o/bucket%2F1687255337458-image2.png?alt=media)

## Conduct Research on New Projects

Examining whitepapers and technical documentation made available by new initiatives is a productive method of conducting research. These documents offer a summary of the project's objectives and technological framework. Investors can examine the project's viability and potential using these materials, which can assist in determining whether or not to take part in a presale.

It's also crucial to take the project's staff into account. Consider the team members' backgrounds, qualifications, and performance history as well as any advisors or partners they may have. Investors might have a better grasp of a project's potential and chances of success by investigating the people behind it.

In general, research is an essential step in discovering new crypto presales. Investors can spot chances early on and choose wisely where to put their money by being updated about new businesses.

## Follow Crypto Projects on Social Media to Stay Updated

The use of social media to follow cryptocurrency projects and their presale offerings has become important. You can keep up with the latest news and announcements regarding presales by following the social media accounts of various cryptocurrency initiatives.

Start by using websites like Twitter, Telegram, and Reddit. Many cryptocurrency projects use Twitter in particular as a popular tool to disseminate news, updates, and information about presales. You can find new initiatives and presale chances by following crypto influencers and thought leaders on Twitter.

![Crypto Projects and Social Media](https://firebasestorage.googleapis.com/v0/b/coinscopearticles.appspot.com/o/bucket%2F1687255384257-image3.png?alt=media)

Many cryptocurrency projects communicate with their community and disseminate information about impending presales on Telegram. There are numerous projects with specific Telegram channels for discussing and announcing presales. By participating in these channels, you can gain insightful knowledge and keep up with the most recent presale opportunities.

Reddit is a great place to find out about upcoming crypto projects and presales. For example, the r/CryptoMoonShots subreddit is a well-liked community for talking about new and developing projects, many of which are in the presale stage. You can learn from other investors and gain insights into fresh prospects by taking part in Reddit discussions.

Overall, keeping up with presales and learning about new chances can be done by following the social media accounts of different cryptocurrency projects. Before investing in any project or taking part in any presale, make sure to do your own research and due diligence.

## Evaluating Presale Opportunities

Investors are continually looking for fresh investment options as the crypto business expands and changes. Being a part of presales might be a terrific way to invest early in emerging, promising ventures. Prior to making an investment, you should do your research and thoroughly assess each prospect.

Investigating the project team and advisors is a crucial part of assessing presale chances. To make sure they have the qualifications and experience to complete the assignment, look into their histories and prior work experience. Find out if they have a history of keeping their promises by looking into their past accomplishments and track records.

Examining the technical docs and project whitepaper is a crucial next step. The project's goals and objectives as well as the specifics of how it will be carried out technically should be described in these materials. Be sure to comprehend the technology underlying the project and how it intends to handle the issues it seeks to tackle.

Evaluation of the tokenomics and token distribution is crucial in addition to the project itself. Look at the number of tokens that will be released and the method of distribution. Think about the project's finance strategy and the way it intends to put the money from the presale. Analyze the token's usefulness and market adoption prospects.

Additionally, it's critical to take into account the project's total demand and the state of the market. Does the project have a need in the market? What kind of competition is it? Take into account the project's potential for long-term success and adoption.

Considering presale prospects necessitates thorough investigation. Make an informed judgment before investing by researching the project team, advisors, project whitepapers, technical documentation, assessing tokenomics and token distribution, and taking into account market conditions and overall demand. It is also important to note that before participating in a presale, the smart contract should be audited by a reputable third-party auditing firm like [Cyberscope](https://www.cyberscope.io/services). This helps to ensure the security and integrity of the project, and reduces the risk of potential fraud or vulnerabilities in the code. By performing a thorough audit, investors can have greater confidence in the project and make more informed investment decisions.

![Crypto Pre-Sales and Projects](https://firebasestorage.googleapis.com/v0/b/coinscopearticles.appspot.com/o/bucket%2F1687255419977-image4.png?alt=media)

## Participating in Crypto Presales

Pre-sales can be a terrific way to invest in a brand-new cryptocurrency project and stand to get a lot of benefits. The following actions should be taken when taking part in presales:

Create a wallet and buy the required cryptocurrencies: You must have a wallet to store the cryptocurrency required to buy the new token before you can take part in a presale. Make sure your wallet can handle the cryptocurrency being used for the presale and that you have enough money to take part.

Participate in presales using a variety of platforms: Centralized exchanges, decentralized exchanges, and specialist presale platforms are just a few of the platforms that offer presales. For participation in presales, each platform has its own guidelines and procedures, so be sure to acquaint yourself with it and pay close attention to the directions.

Think about the dangers and potential benefits: There are dangers and benefits specific to investing in presales. While making an investment in a new idea might be thrilling, it's necessary to conduct research and assess the project's likelihood of success. Search for details about the project team, its aims and objectives, and the tokenomics and distribution of the new token. Be mindful of the dangers involved, including market volatility and regulatory uncertainty, as well as the possible advantages of investing in the presale.

Follow the project's progress: After taking part in a presale, it's crucial to keep up with the project's development. To be informed of news and updates, follow the project's social media accounts and website. Keep an eye out for any big innovations or adjustments that might affect the token's value.

## Conclusion

For those who are interested in cryptocurrencies, taking part in presales can be a thrilling way to get access to new tokens before the general public. Success can be achieved by doing research, monitoring social media accounts, engaging in cryptocurrency communities, and following news sources that cover the subject. Researching the project team, going over technical documents, and analyzing tokenomics and token distribution are all part of evaluating presale chances. The same logic applies to [launchpads](https://www.coinscope.co/blog/top-crypto-launchpads-where-to-find-the-best-presales), as investors should conduct their own research and due diligence before participating in any presales. Setting up a wallet, getting the required cryptocurrency, using multiple platforms, and carefully weighing the risks and rewards are all essential when taking part in this process. In the end, it needs attention and careful thought because the potential profits, while large, can also come with huge risks.

 Cryptocurrency presales provide a once-in-a-lifetime opportunity to invest in creative ventures before they become widespread. 

Crypto Presales: Learn How You Can Find New Tokens

These chart apps for crypto investors, provide a lot of information and robust tools that help them make wise choices and better manage the volatile cryptocurrency market.

The Top 10 Price Charts Apps For Crypto Investors

## Introduction

Meme coins have arisen as an intriguing phenomenon in the cryptocurrency industry. These digital assets are inspired by internet memes and have grown in prominence in recent years. 

These coins frequently have meme-like logos, names, and slogans, which create a feeling of fun and relatability among their communities. While meme coins are a subclass of cryptocurrencies, they distinguish themselves by emphasizing comedy and cultural allusions.

Since 2021, Dogecoin (DOGE) and Shiba Inu (SHIB) have topped the list of the most popular meme currencies. Other well-known meme currency examples include PEPE, FLOKI, and BONE, as well as the 2023 [viral smash Wall Street Memes (WSM](https://www.business2community.com/crypto-news/viral-wall-street-memes-crypto-smashes-through-4-million-raised-in-a-mere-10-days-is-it-the-next-pepe-02702010)) and ChatGPT-inspired TURBO.

Meme coins have grown in popularity as a result of their affiliation with internet culture and the viral nature of memes. Their distinguishing characteristics include a strong feeling of community, which is generally based on social media platforms, and a playful attitude to investing and trading. Meme coins also have different distribution structures and tokenomics than standard cryptocurrencies, giving consumers a feeling of inclusion and accessibility.

## An Overview of Their Popularity and Distinctive Features

Today, the bulk of meme currencies are produced as [ERC-20 tokens](https://www.techopedia.com/definition/meme-coin-memecoin#:~:text=Meme%20coins%20are%20cryptocurrencies%20inspired,memes%2C%20jokes%2C%20and%20satire.) on the Ethereum blockchain network. Meme currencies can exist on their own native blockchains as well as other blockchain networks like BNB Chain, Solana, and Cardano. 

Traditional cryptocurrencies, such as Bitcoin (BTC) and Ether (ETH), are digital currencies that can be spent and transferred on their own blockchains. Cryptocurrencies such as BTC and ETH are built with a specific purpose in mind. BTC, for example, was established as an electronic peer-to-peer currency that users can transfer and spend without interacting with a third party such as a bank. Meanwhile, ETH is spent on the Ethereum network.

When it comes to meme coins, these cryptos are rarely designed with usability in mind. Most individuals are drawn to them because of their virality and possible financial gains. Most meme coin initiatives have a brief moment of prominence when they achieve remarkable market gains and then fade away when the market loses interest in them.

![Memes](https://firebasestorage.googleapis.com/v0/b/coinscopearticles.appspot.com/o/bucket%2F1686650908064-image7.png?alt=media)

## Understanding Meme Culture

To completely comprehend meme coins, one must first understand the notion of memes. Memes are humorous, often satirical or ironic, images, videos, or ideas that spread rapidly across the internet. They contain cultural allusions, inside jokes, and realistic scenarios that appeal to a large audience. Memes have evolved into their own language, linking individuals through shared experiences and humour.

### The Role of Memes

Memes have an important role in influencing internet culture and social interactions online. They serve as a form of communication, letting people convey thoughts, feelings, and opinions in a brief and amusing manner. Memes transcend geographical boundaries, language obstacles, and cultural differences, promoting a feeling of connection and common understanding.

In the context of meme coins, the inclusion of memes into the cryptocurrency realm offers a unique combination between online culture and financial markets. [Meme coins](https://www.coinscope.co/blog/4-best-meme-coins-to-invest-in-2023) use the power of memes to engage communities, create viral acceptance, and separate themselves from standard cryptocurrencies. This ‘’marriage’’ of money and fun has caught the interest of both crypto enthusiasts and people who were previously unfamiliar with digital assets.

We get insight into the attractiveness and influence of meme coins by investigating the interaction between memes and online culture.

## The Origins of Meme Coins

Meme coins first appeared with the launch of Dogecoin in 2013. Following Dogecoin's breakthrough, a number of meme currencies entered the market. Pepecoin, Shiba Inu, and SafeMoon coins arose, each having its own distinct features and qualities. These meme coins were distinguished from typical cryptocurrencies by features such as burn rates and liquidity pools.

Recently, meme coins saw a two-year high in trade volume, [exceeding $2.3 billion](https://medium.com/javarevisited/meme-coin-development-5f98338ec120#:~:text=%E2%98%91%20Brief%20history%20of%20Meme,features%20a%20Shiba%20Inu%20dog.) in a single week. Notably, the increase in trading volume mimics the frenzy seen before past market peaks in Bitcoin.

The surge in trading volume within meme coins raises a cautionary signal for Bitcoin bulls. Historically, speculative excitement around meme currencies has frequently preceded adverse reversals in the crypto market. As a result, market players must be watchful and assess the possible consequences of such a frenzy in meme coin trade volume on the larger cryptocurrency ecosystem.

### Examples of Meme Coins

![Dogecoin](https://firebasestorage.googleapis.com/v0/b/coinscopearticles.appspot.com/o/bucket%2F1686650950713-image5.png?alt=media)

[Dogecoin](https://dogecoin.com/): Created as a lighthearted joke inside the cryptocurrency community by software programmers Billy Markus and Jackson Palmer. Dogecoin, which was inspired by the popular "Doge" meme portraying a Shiba Inu dog, gained popularity due to its low transaction costs and use as a tipping currency online. With endorsements from important personalities such as Elon Musk, it gained even more traction over time, further increasing its appeal.

![Pepe Coin](https://firebasestorage.googleapis.com/v0/b/coinscopearticles.appspot.com/o/bucket%2F1686650995805-image1.png?alt=media)

[PepeCoin](https://pepeco.in/): Inspired by the Pepe meme, PepeCoin gained popularity because of its frog-themed branding. It attracted a committed following by introducing features like burn rates and liquidity pools.

![Shiba Ina Coin](https://firebasestorage.googleapis.com/v0/b/coinscopearticles.appspot.com/o/bucket%2F1686651030735-image2.jpg?alt=media)

[Shiba Inu](https://www.shibatoken.com/): Shiba Inu, a famous meme coin, was inspired by Dogecoin and the Shiba Inu dog breed. It included novel features like decentralized exchanges (DEX) and community-focused activities.

![SafeMoon Coin](https://firebasestorage.googleapis.com/v0/b/coinscopearticles.appspot.com/o/bucket%2F1686651053219-image3.jpg?alt=media)

[SafeMoon](https://safemoon.com/): SafeMoon gained popularity for its unique tokenomics, which included a redistribution mechanism that rewarded holders while penalizing sellers. It attempted to encourage long-term investment while discouraging price volatility.

### Investigating the Variety of Meme Coin Projects

Aside from the well-known meme coins, there is a plethora of meme coin initiatives in existence. These projects cover a wide range of topics, from animal-themed tokens to pop culture and internet meme allusions. Each meme currency project strives to carve out its own niche within the meme coin ecosystem by providing distinct features, tokenomics, and community dynamics.

This plethora of coins not only entertains and engages cryptocurrency supporters, but also gives the potential for innovation in the cryptocurrency sector. They demonstrate the creative potential of decentralized communities as well as the influence of meme culture on the creation of cryptocurrencies.

As the meme currency ecosystem evolves, it is critical to approach these initiatives with prudence and rigorous investigation. While certain meme coins may provide excitement and possible profits, they also entail inherent dangers because of their speculative nature and market volatility.

## Where to Find Meme Coins

Investing in meme currencies entails both dangers and possible rewards. Before someone invests, they should carefully evaluate the following considerations.

* High volatility: Meme coins are frequently prone to dramatic price movements, making them very risky investments.
* Lack of Regulation: Meme coins operate in an uncontrolled arena, increasing the possibility of fraud and market manipulation.
* Limited use: Many meme currencies lack significant real-world use or long-term value, which may jeopardize their long-term viability and growth potential.
* Speculative Characteristics: Because meme currencies are largely driven by hype and sentiment, they are vulnerable to speculative trading and pump-and-dump operations.

On the other hand, investing in meme coins could potentially benefit someone in the following ways:

* Potentially High Returns: Some investors have seen big returns by investing in meme coins early on.
* Community Engagement: Meme currencies frequently have active and enthusiastic communities, allowing for networking and sharing of experiences.
* Experimentation and Innovation: Meme coins act as testing grounds for new cryptocurrency concepts and technology.

![Coinscope's Lists](https://firebasestorage.googleapis.com/v0/b/coinscopearticles.appspot.com/o/bucket%2F1686651091934-image6.png?alt=media)

## Coinscope as a Listing Platform

[Coinscope](https://www.coinscope.co/alltime) offers information and tools on numerous cryptocurrencies, including meme coins. It provides a platform for investors to explore and discover meme currencies, as well as detailed statistics and research.

Coinscope offers essential information on meme currencies, including market capitalization, trading volume, price trends, and community statistics. It provides insights into meme currencies' distinctive characteristics, tokenomics, and historical performance, helping investors to make well-informed judgments.

By using the website's services and information, investors can navigate the meme currency ecosystem more efficiently and make well-informed investment decisions depending on their risk tolerance and investment goals.

## Meme Coins and the Crypto Community

Meme currencies have had a tremendous influence on the cryptocurrency industry as a whole. Their popularity and trade volumes have raised interest in the cryptocurrency field, drawing new participants and boosting market activity. Meme coins have also had an impact on market mood, causing waves of excitement or speculation to ring across other cryptocurrencies.

### Meme Coins and Traditional Cryptocurrencies

Within the crypto community, meme coins and regular cryptocurrencies frequently coexist and interact. While traditional cryptocurrencies such as Bitcoin and Ethereum are more well-known for their underlying technology and functionality, meme coins provide a unique opportunity for experimentation, community participation, and even possible monetary benefits. The relationship between meme coins and standard cryptocurrencies exemplifies the crypto market's diversity and dynamic character.

### Regulatory Issues and Concerns Regarding Meme Coins

The growth of meme currencies has raised regulatory questions and concerns. Regulators have highlighted worries about investor protection, market manipulation, and the potential for fraudulent operations because of their typically speculative and meme-driven nature. Regulators throughout the globe are debating how to categorize and manage meme currencies in order to maintain a fair and transparent market while balancing innovation and investor engagement.

## Conclusion

Meme coins have had a substantial influence on the wider cryptocurrency industry, impacting market sentiment and generating more interest and engagement. The link between meme coins and traditional cryptocurrencies demonstrates the diversity and dynamic nature of the crypto ecosystem. However, the growth of meme currencies raises regulatory issues as well as worries about investor protection and market manipulation. Individuals must undertake extensive research and exhibit extreme caution when investing. To succeed in this market and make the most of opportunities while managing risks, individuals should understand the ever-changing nature of meme currencies and stay informed.

Meme coins have grown in popularity as a result of their affiliation with internet culture and the viral nature of memes.

Coinscope Blog

Topics

Articles