Despite the fact that numerous cryptocurrencies have made a lot of progress in 2018, the year was still extremely cruel to them due to 8 months of a constantly bearish market. A lot of coins have lost much of their value, with some losing as much as 90% of their value.
Recently, things started to change, and the market is currently in a long-awaited state of recovery. However, a lot of effort will be needed for some of these coins to once again get to where they were back in early January.
Furthermore, the constant price drops have made quite an impression on the investors, which are much more cautious regarding their investments. Nobody wants to lose their money, and this is perfectly understandable. Because of that, many are trying to figure out what coins are worthy of investing in. While new investors are often making a mistake of making assumptions by only watching the coins’ prices, the more experienced ones know that there is much more to the coin than just its surface value.
This is why we have done the research for you, and will now present three crypto projects that have proven to be so advanced and successful that they have managed to rise above the danger that awaits other, lesser altcoins. This danger is what many have taken to calling an ‘Altcoin Apocalypse’. However, as dangerous as it is, it still won’t be able to reach all cryptocurrencies. So, without further ado, here are three altcoins that can survive the Altcoin Apocalypse, and are thus among the safest investments right now.
NEO is a non-profit blockchain project that is entirely driven by its community. Its goal is to use the blockchain in order to digitize real-world assets and give them a permanent digital footprint. Additionally, the project uses smart contracts to also automate the management of all digital assets. The project aims to, eventually, create a Smart Economy.
NEO is actually a pretty old project, which was first founded under the name of Antshares back in 2014. Since then, it was rebranded to NEO but is also known as Ethereum of China. This is due to the fact that it is similar to Ethereum in a lot of ways, but is also one of China’s favorite projects.
Newcomers to the crypto world probably wouldn’t notice it at first, but NEO is actually only seemingly like Ethereum. In reality, the two are quite different.
NEO has a long history, which has left it with a strong community and a robust ecosystem. We have already mentioned that China supports it, which is important since not a lot of cryptos can say that. Even so, it is a very small project when compared to ETH, especially when it comes to dApps. NEO has over 66 of them at this point, while Ethereum has much, much more.
However, despite the low number, NEO’s dApps have much higher quality. This is due to higher fees on dApps launch, which means that only the most serious projects remain on NEO. Ethereum is much more economical, but this is why the quality is down.
Because of high quality, strong community, powerful connections, and generally being a high-quality project. NEO is bound to stick around. The Altcoin Apocalypse, no matter how deadly, will likely only leave small traces on this coin.
2) Monero (XMR)
Monero (XMR) is one of the so-called Privacy Coins. As the name suggests, it is an altcoin with a strong focus on the privacy and anonymity of its users. It is also completely decentralized.
Monero is no stranger to bear market, especially since it first came to be during one. As such, it knows how to act during not-so-crypto-friendly periods, which is in itself one of the best reasons for investing in this coin. Additionally, it is a coin that offers privacy, which is something that will never get old on the internet. Private transactions have always been, and always will be in extremely high demand.
Now, a lot of people would claim that such strong privacy features will attract criminals to the coin. However, there is so much more to this coin than just being used for ‘buying drugs’. The private transactions are one of the main aspects in preserving fungibility, as well as protecting the freedom of speech. The users have a right to keep their privacy, and Monero is the right way to go.
Just imagine if a certain amount of BTC was being held by someone with a bad reputation. Their coins might end up blacklisted by numerous organizations that do not want anything to do with that individual. As such, those coins will become basically useless. Now imagine if you somehow got tricked into buying those blacklisted, useless coins. All your money would be gone, and your coins might even end up being seized due to a connection to a known criminal.
Monero eliminates such issues, and you will always know the worth of your assets, no matter what someone may have done with them in the past.
EOS is a smart contract blockchain that was created by a firm named Block.one. It focuses on scalability and speed, as well as user experience. It uses a consensus mechanism called Delegated Proof-of-Stake, which allows it to eliminate transaction fees, while it increases throughput. Additionally, EOS token holders have access to numerous network resources such as storage, bandwidth, and alike.
EOS is one of the coins that is certain to survive the Altcoin Apocalypse due to its focus on scalability, which has been something that cryptos have been struggling with for an entire decade at this point. Its creator, Dan Larimar, has had several successful blockchain projects behind him, which has allowed him valuable experience that he used for making a masterpiece that is EOS.
EOS has made a lot of progress this year, and its biggest achievement is the launch of its own MainNet. While the launch did not go without its issues, they were quickly resolved, and the coin has had no more problems ever since. In fact, it became the altcoin with the highest number of transactions per day — over 5 million.
Obviously, EOS is a coin that is extremely popular, and many see it as a potential Ethereum killer. It is often seen as a rival to NEO in this regard. All in all, EOS has made too much progress to allow bear markets to kill it off, which is why we have chosen it to be the third and final coin on our list of safe investments.
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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 (xno.live ), 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 (market.xno.live ), 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.
NFTs are already being actively traded in markets globally. For…
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
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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 (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…