As the rest of the crypto-verse concentrates on the possibility of a Bitcoin (BTC) bull run, it is also wise to also explore the endless opportunities of other cryptocurrencies to flourish during such periods of a strong BTC. Looking at the crypto-markets, BTC bottomed out on June 29th when it was valued at $5,800. Since then, it has reached and surpassed $8,000: a gain of more than 38% in a period of less than a month. When we have a healthy Bitcoin, TRX will have a chance to prosper. August also is when the Bitcoin ETF by the CBOE is meant to be ruled upon by the SEC bringing us to the first reason why TRX will be ready for a Bull Run in August.
The Tron (TRX) project has gone through an eventful last 2 months that begun with the launch of the Mainnet on May 31st. A key event to the Tron project was the token migration that started on the 21st of June and is yet to be complete in some exchanges. This then brings us to the second reason why TRX is readying for a bull run.
Up until now, many TRX HODLers had their new coins locked up in the over 50 exchanges that took part in the Token migration process. Out of these, around 38 have completed the process. Therefore, the liquidity of TRX has increased with deposits and withdrawals being available. The TRX owners can now either store their newly minted coins for safekeeping or use them as was the case with the Taxi in Spain a few days ago. In the case of the latter, TRX adoption means an increase in demand further boosting the value of TRX.
Also, as exchanges complete the token migration, this means that TRX HODLers can stake their coins for voting on Tronscan bringing us to the third reason why TRX will Run with the Bulls in August. Once new accounts are opened on Tronscan and voting via staking TRX increases, there will be less TRX in circulation. With a decrease in circulating supply, the only way is up for TRX.
Another reason why TRX is readying for a Bull Run is the general psychology of TRX HODLers who expect great things from the coin and project. With the Tron Foundation acquiring BitTorrent and planning to integrate it into the Tron Ecosystem using the secret project (ATLAS), the TRX HODLers will do everything in their power to popularize the result of this project. This will involve convincing family and friends to test drive the integrated platform. More users mean more publicity for the coin and project. This will, in turn, lead individual investors to buy more TRX.
Summing it all up, all the signs and signals are pointing towards a prosperous August for the TRX coin. With the bear market showing signs of easing, August sets the stage for a Bull Run for not only TRX but the entire Crypto markets.
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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.
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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.
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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%.
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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.”
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