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TRX token (TRON) might experience amazing rise this year after Testnet launch
The last 24 hours have been incredible for Tron; the company recently started to have an increasing tendency of an 8 percent gains; a fact that actually might be even better after the highly regarded launch of Testnet, which is likely to happen soon.
Tron has all of the features that seem to prognostic an excellent landscape for the token, but, is this Testnet launch move, enough for guaranteeing success? Or on the other hand, will it collapse after the company launches Testnet finally?
Whether the answers to these questions are positive or negative, the company looks forward to maintaining the good work, although we all can agree that the path will not be easy, especially, since the market in the past 12 months in the United States (and all over the world) has been very motionless.
The current panorama for the Tronix token
Tron started the day with its token pricing at 0.045224 dollars, an amount that in a short time changed drastically to $0.049519, so basically, the company accomplished a fantastic increase of 8 percent in just a couple of hours – a goal that for most of the coins takes at least months.
However, there’s still not any warranty establishing the prices will continue rising after the company launch TestNet, in fact, many seem to be concerned about how the future will be for the token.
Moreover, due to the excessive stockpile of the token, the coin is more vulnerable to suffer attacks so that we could be seeing in the near future a price dealing with whale ambushes.
The general performance of the Tron token
Tronix token has shown an overall positive performance, in fact, the behavior of the coin has been so much better than other cryptocurrencies in the market which indicate decreasing conducts, such as the case of Bitcoin.
Nevertheless, it is to be recalled that the Tronix coin has suffered as well some decreasing behaviors in the past, passing from $0.254791, the highest price the company has reached, to the last month standard price of $0.023708, which proves volatility is still a problem to be solved.
Whatsmore, with all the banning made by social media platforms and the pressures of the US government, the company may have to create innovative strategies in order to overcome such problems.
Notwithstanding, the company is based in China, and none of this measurements have an effect there, which means investors still have great business opportunities.
Similarly, some trading platforms listings like OTCBTC, predict a highly-increasing behavior for the company, even more after the company release TestNet, but even so, there are experts who consider Tron might be vulnerable to whale schemes, and because of this, they advise investors to be very careful while putting their investments on the platform.
In order to fight the security problems the company could face after the launching of Testnet, they have hired a group of engineers which are working tirelessly to ensure a safer environment for investors. Whether this turn into an effective solution or not, still remains a question.
The company still have a lot of things to determine, for instance, what strategies will they apply to compete in the market, who they can partner with in order to offer better services, or how will they fidelize their clients in a decreasing market. We know for a fact that they won’t have an easy path, but if they manage to solve this questions we can see a great near future for the token.
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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.
Image courtesy of Thomas Emmerich via Flickr
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. One of the ways to have a successful…
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…
Altcoins
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…
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