It takes a lot of confidence (and self-assurance) to keep holding your cryptocurrencies when most of them have lost more than 90% in value for eleven months straight. Holding is a doubtful option for many investors in the current market. Yes, it’s bounced back a bit nicely today but things have been ‘bloody’ till yesterday.
And of course, we can’t label only one day’s greenery as a trend. Newcomers are not exactly excited to put their money into the current crypto market. Not all fears are strictly irrational.
The current debacle is serious enough for many cryptocurrencies to fail and never bounce back. The main reason behind those failures will be a lack of competitive advantage through use cases and applications for their blockchains. But some projects will eventually thrive because they have what it takes.
The investors that can identify those projects could hit a mine gold in the not-so-far future. We’ll talk about two candidates for that in this article: Digibyte (DGB) and the Basic Attention Token (BAT). Let’s see these couple assets in some detail.
Basic Attention Token (BAT)
The brave browser’s main focus is advertising. Since publicity is unavoidable for any web surfer in the world, why not make it more efficient and convenient for both the advertiser and the user?
That’s the point in brave. With this browser’s approach to ads, advertisers get value for their money while users don’t feel they’re uselessly nagged all the time.
It eliminates the need for ad-blockers. It’s been successful, and it’s gaining adoption at the rate of millions per month. And BAT is the token that makes this software work. Because BAT is the coin making this happen and the browser is expanding in all markets, the token’s value can only increase in the future.
It’s already supported by many of the world’s largest exchanges (Coinbase, for instance). That will facilitate high trade volumes for a useful asset. Taking both things into consideration, you can only conclude that this is a project that will work long-term as it holds a huge potential. The benefits outweigh the present market fluctuations by far.
No new investor will be attracted by the current year’s Digibyte’s price history. But for the more experienced players who base their decisions in a fundamental analysis (read, intrinsic value) instead of technical analysis (price only), it’s an asset that should be considered for inclusion in a long-term portfolio. Digibyte never held an ICO (which means it won’t be declared a security) and a committed community drives it.
Both things guarantee that no clique of manipulators can move the market at will to scam other investors. This is a blockchain that will be around as long as any blockchain at all is relevant. It’s valuable because it’s trustless and uncensorable. You can probably say that about any blockchain that’s implemented correctly, but that’s not all.
This coin and project have relevant use cases for valuable industries, and that’s what is going to give it a very long life within the cryptoverse. Think about cybersecurity. It will only grow more important as digitalization keeps moving forward all around the planet and Digibyte is at its center.
DGB’s value (and price) will only grow along with the cybersecurity industry as time goes by. It presents an excellent opportunity to buy cheap and hodl before FOMO arrives when it becomes a bullish market (that has already started as we write this article).
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and 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 Pixabay.
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
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…