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3 Altcoins That You Should Avoid Investing in 2019




If you are interested in investing in cryptocurrencies, chances are that you are trying to find a coin with the biggest chance to succeed and go big. While searching for a good investment like this is a decent strategy, it is also important to do your research and discover which altcoins to stay away from.

Skeptics are known for saying that all cryptocurrencies will fail within a few years. While it certainly cannot be expected that every single altcoin will survive, it will likely take more than several years to kill them off. Even so, for those that are careful enough and know how to pay attention to detail, there are indicators that might tell you which coins will likely disappear quite soon.

Because of this, we have come up with 3 altcoins that are most likely to fail soon, possibly even before 2020. While the final decision is yours, most people agree that investing in these coins is a bad idea.

1. Verge (XVG)

Verge is the coin that has experienced huge losses quite recently. Only half a year ago, the coin was praised as one that might bridge the gap between crypto industry and some online businesses. It even got partnered up with Pornhub, which is one of the top websites in the adult entertainment industry.

However, soon after that, Verge started losing value. Now, it dropped on the list, and it currently holds the rank of 48 on CoinMarketCap’s list of largest cryptos. Most experts agree that XVG has failed for a few reasons. The biggest one is likely the fact that it was overhyped. After partnering up with Pornhub, many believed that large firms such as Amazon are next. Unfortunately, by becoming “porn coin”, not a lot of others wanted to join up with XVG.

The fact that it is a privacy coin did not help either, and Verge is almost completely forgotten these days. While it undoubtedly has its community to rely on, experts agree that it will probably never reach $1 again. Instead, it will only continue to lose price, and sink lower on the list, until it loses all support and disappears.

2. Tether (USDT)

Tether is a well-known stablecoin that has been a topic of many discussions within the last few months. While it is still among the top 10 cryptos, holding the rank of 8th largest coin by market cap, many believe that this will not last forever and that USDT will soon disappear.

Tether is still the most famous stablecoin, but it was simply a center of controversies too many times for people to still genuinely believe in it. As a stablecoin, each of its coins is backed by a single $1, which is why its price should always be $1, without any high volatility. So, what is the problem?

The problem is that the company that is issuing USDT needs to prove that it can actually back all of its coins. Tether currently has 1.7 billion coins in circulation, which means that the company needs to have the same amount of money backing the coin. So far, they failed to provide evidence that this is true, and the coin started experiencing significant volatility. Suddenly, nobody wanted to own USDT anymore, in fear that their coins are worthless.

People started returning the coins and exchanging them for other digital currencies, and Tether still did nothing to defend its coin. In fact, it actively avoided doing so for years. For a lot of people, this was confirmation that they cannot confirm its worth, and Tether lost a lot of its support, holders, and its value never actually returned to $1. Soon enough, investors turned to other stablecoins that are doing things “by the book”, and that can prove their worth, which is why Tether will likely fade away in time.

3. Dogecoin (DOGE)

Finally, there is DOGE, which is quite a popular coin, despite the fact that it is constantly losing value. Its story is known to a lot of people already — it started off as a joke several years ago, and it outlived all expectations by still being around today, especially since its creator, Jackson Palmer, decided to distance himself from the project.

Dogecoin is actually not surrounded by controversy, bad decisions, or secrets that can destroy it. It is simply losing value due to the fact that it has no total supply. In other words, it can be mined infinitely, and the more you mine it, the more coins get into circulation, and the more its value drops.

Over the years, DOGE became a tipping currency, meaning that it is being used for leaving tips instead of likes, upvotes, retweets, and alike. It is a coin that can be used for showing appreciation, which is why it is popular among content creators on social networks. Not only that, but the only reason why the coin survived for so long is one of the strongest crypto communities in the space. Not only is the coins still around, but it managed to hold on to the rank of 25, despite the fact that its price is only a fraction of a cent.

While this is impressive by itself, most people agree that DOGE cannot survive like that forever and that it will likely disappear in a few more years. While many will be sad to see it go, such a faith is likely inevitable for everyone’s favorite dog meme coin.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful trading…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?



2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata



Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub ( will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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