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All the Reasons to Consider Owning Status (SNT)

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Status

Status, SNT, known for being one of Ethereum’s cryptocurrencies, serves the purpose for easy communication via messaging, allows browsing and provides gateway within SNT network on Ethereum’s blockchain. The digital currency traded in the green although the majority of coins and tokens that were actually experiencing terrific gains as of Monday on March 19th started to plummet once again during the weekend. Having SNT climbing up, and slowly going for the first goal of being traded for 1$ (which is still a bit far from being achieved) we are more interested in the technical part of this currency. Let’s see why Status is potentially a valuable currency as well as why you should consider owning some SNT units while it’s still available for trading at a fairly low price.

Status (SNT) and the Main Net

No wonder that SNT was one of the rare currencies trading in the green while the majority of coins are experiencing drops in the last couple of days as Status has announced that they are really close to completing the Main Net. Status Main Net is 81% complete and once the completion status (no puns intended!) hits 100%, Status will be getting its own blockchain network. So far, SNT has been operating on Ethereum’s blockchain platform, using ETH Main Net, but pretty soon this currency will be getting its own platform. If you are following up with more than a single cryptocurrency, you have surely noticed that it is usually the case that the currencies that have their own platforms are usually more easily adopted, more often traded with and most definitely more considerable for making an investment.

Having its own Main Net most possibly means that Status will be drawing more serious investors into the game, which means that “smaller” investors will make some profit as the price of SNT would definitely rise in this case. If you take a look at the price of SNT and consider all the changes during the past week, you will notice that SNT had a pretty straightforward path with a stable pace of growth, while trading in the green even in the time of this writing.

Once the Main Net is officially working after being launched, which should occur anytime soon, this currency could potentially sky-rocket and hit the moon.

Status and the Newest Version

If you are following up with SNT and everything revolving around this currency and its platform currently set on Ethereum’s Main Net, you surely know that Status released a new version known as Status 0.9.14.

This version of Status allows a full-screen mode for Dapp browser, which is a pretty big deal although it may not seem like it. The full-screen Dapp browser might potentially raise the value of Status and get it back on the track since SNT started to trade in the red once again after an entire day of trading in the green with the positive pace of growth. Most Dapp browsers that are currently available on the market are pretty difficult to use and cannot be exactly rated as user-friendly. This is not the case with SNT’s new Dapp browser as it allows all users to gain the access to the decentralized network, easy and simple.

Another addition brought by the latest version of Status is the new wallet. The new wallet is more functional and also oriented to be user-friendly, offering easy navigation and thus making transactions easier and simpler than ever. This could easily raise the value of SNT in the time to come.

How is Status doing at the Current Moment?

If you take a closer look at the crypto market, you will notice that the market is plummeting once again although some of the currencies managed to rise back up a few days ago, which included Status and TRON alike. The fact is that the currencies that put the most focus on technological improvements, will most probably be the ones rising the fastest in the long run.

Status, after having a pretty benevolent day in the market a few days ago when the majority of currencies were dropping in the price, is trading in the red once again.

After the latest change in its price that occurred in the last 24 hours, Status has dropped by -6.97% against the dollar. SNT is also trading in the red against BTC with the drop of 2.31%, while it is still trading in the green against ETH with 1.25% of the rise in the price.

Status can be currently bought at the price of 0.087$ and although this price is still far from a one dollar goal, with all the novelties being planned for Status, while some are already added or in the process, it is evidential that SNT may pretty soon have a serious rise in its price. Of course, that would be the case if everything goes as planned once the Main Net is launched and released.

We will be updating our subscribers as soon as we know more. For the latest on SNT, sign up below!

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 Brian Barnett via Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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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…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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%.

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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Altcoins

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

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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…

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