January has almost ended, and the rally everyone was waiting for in the new year has yet to arrive. However, most coins have been relatively stable in the last month, even though they are currently experiencing a slight drop once again.
While the bear market still has an influence, there are several coins that are expected to make several significant moves in the near future. As such, they should be closely followed, as there is no telling when the bear grip will loosen. When it happens, it is more than possible that these coins will start seeing significant gains.
TRON is a coin that has kept making headlines throughout 2018, and its success, even within the bear market, is quite impressive. TRX even managed to climb one place higher on the list of largest cryptocurrencies by market cap, and it currently sits at the 8th spot, with a current market cap of $1,87 billion and a price of $0.027998.
While one of the reasons for this ascension is the fact that TRX is not affected by the new price drop as strongly as other coins, there are other reasons for it too. One of them is the recent announcement of a new token, BTT, which will be closely tied to BitTorrent while operating on TRON’s own blockchain.
In fact, a significant portion of BTT will be offered in a public token sale today, January 28th. Later on, in February, there will also be a BTT airdrop, targeting those users who hold some amount of TRX at the time. In other words, TRON has entered this year with plans to be just as active, innovative, and successful as it was in the previous one, which makes it worthy of keeping an eye on in February 2019.
Binance Coin (BNB)
Next, there is Binance Coin, which is currently ranked as 12th largest coin by market cap. Its price is currently at $6.79, while its market cap is below $1 billion, sitting at $877 million at the time of writing. BNB is a coin developed by the crypto exchange Binance, which has caused the coin to immediately receive not only attention but a certain dose of trust as well.
BNB serves as Binance’s native coin, and using it comes with a significant discount, which is why it is one of the most used coins on this platform. In addition, Binance Coin has recently experienced quite a boost to its market cap and price, due to the launch of Binance Jersey.
This is a new crypto exchange dedicated to serving customers from the US and Europe, and it received additional attention because it added trading pairs for crypto against EUR and GBP. Not only that, but BNB also received a lot of support from other platforms recently, which allows the coin to receive new use cases and even more usage around the world. While BNB is currently losing value due to another price drop that has affected the entire market, things are likely to improve in February.
Finally, there is Cardano. Similarly to TRON, Cardano is becoming quite a popular project, and it is among the best blockchains for smart contracts out there. Cardano’s creator, who is also the CEO of IOHK, Charles Hoskinson, believes that investors will not see a rally such as the one in 2017 anytime soon. That was a period of hype which has passed, and the following correction is the bear market of 2018.
While this may be true, it does not prevent cryptocurrencies from continuing their development and growing further, which is exactly what Cardano is doing. ADA is a coin which is known for its tendency to take its time, and its technology is advancing slowly but surely. Only a month ago, Hoskinson announced Cardano’s version 1.4, as well as updates for project Shelley, which aims to bring larger levels of decentralization of the coin.
All of this is scheduled to happen in Q1 of this year, meaning that Cardano is a coin that will see a significant amount of activity in February and the following months.
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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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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…
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 (https://xno.live) 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…
My Crypto Heroes Announces Issuance of MCH Governance Token
Tokyo, Japan, 24th November, 2020, // ChainWire //
My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH.
My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.
What is MCH Coin?
MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.
Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.
The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:
During December 2020 the first governance…