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What to Expect from BNB, BTT, TRX, and BAT

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BNB, BTT, TRX, BAT

The first week of February is ending, and the crypto market remains just as volatile as ever. While many were hoping for stability, if not a rally, in the early 2019 — it has yet to arrive, as many coins are seeing drops followed by slight gains which are constantly keeping crypto traders on their toes.

However, there was a lot of activity in the wider crypto space in recent weeks, which has caused a stir in the market regarding some of the altcoins. The most talked-about coins these days appear to be Binance Coin (BNB), BitTorrent (BTT), TRON (TRX), and Basic Attention Token (BAT). With that in mind, let’s review what happened, and what might that mean for the prices of these coins in the following weeks.

1) Binance Coin (BNB)

Binance Coin has seen a lot of positive activity in the last few days, and for several reasons. The BNB token is the utility coin at Binance cryptocurrency exchange, which has been performing better than most altcoins due to the fact that it was created and supported by Binance. Furthermore, it is also popular within the exchange as it provides significant discounts on trading fees.

However, the increase in activity likely came due to the return of Binance Launchpad, a project that aims to help launch new coins and allow them a decent start by exposing them to the exchange’s 10 million customers. The Launchpad has been around for a long time, although it was not active in 2018 due to the bearish market and apparent death of the ICO model.

Now, the Launchpad is back in business, and since the only way to buy newly launched tokens is via BNB, the coin’s usage and popularity have surged, just as its price and market cap. BNB’s current price is at $8.165, while its market cap grew to $1.153 billion. As a result, the coin entered the list of top ten cryptocurrencies by market cap for the first time, shortly after the launch of TRON-based BTT. As the launchpad is preparing to hold another token sale on February 25th, offering Fetch.AI (FET), it is likely that BNB price will continue to grow in the following weeks.

2) BitTorrent (BTT)

As mentioned, BitTorrent (BTT) is TRON-based token designed to be used in the BitTorrent ecosystem. The coin was launched around 10 days ago, on January 28th, 2019, and it immediately attracted more attention than anyone would have hoped for. The entire token sale was done in under 18 minutes, and it only lasted that long due to technical issues with the platform, which could not handle the number of interested investors.

After the launch, the coin continued gaining the attention of investors, and high demand has allowed it to grow further during the first week of February. At the time of writing, the coin’s price is at $0.000933, after surging by 5.50% in the last 24 hours. Meanwhile, its trading volume exceeds $222.4 million. While the coin is still way down the list when it comes to rank, currently being at the 1733rd spot, it will likely grow in the near future, as a series of airdrops has been announced. The airdrops will start on February 11th, and they will be performed occassionally until 2025.

It is expected that at least 10.1% of the coin’s circulating supply will be distributed among TRX holders in the next six years. Meanwhile, due to the massive number of BitTorrent users — not all of which are interested in crypto, but a large number likely will be — the coin will have exposure like no other cryptocurrency before, which will likely allow it to advance rapidly in following weeks and months.

3) TRON (TRX)

TRON has seen a surge of its own thanks to increased interest in its ecosystem which now counts BTT. The coin has been performing rather well in the last two months, even before BTT was even announced. On December 17th, 2018, TRX started gaining value, and while this was true for a large number of altcoins at the time — the situation quickly turned around for most of them.

However, TRX was not among the unlucky ones, and its price doubled itself in the following 30 days, going from $0.017 to $0.025. At the time of writing, TRX value has gone even higher, reaching $0.026304, after a 1.66% increase, according to TradingView. The growth and development of its ecosystem — including dApps, a decentralized exchange, new tokens, and numerous other projects — is helping the coin’s growth, which was significantly delayed due to the bearish market of 2018.

While TRX is likely not out of the woods yet, and the bearish grip will still affect it, so far it appears to be able to handle it, at least better than the majority of the crypto market. In the following weeks, TRX will likely continue to grow due to all the attention that its ecosystem is seeing, which might make this the perfect time to invest.

4) Basic Attention Token (BAT)

After Binance decided to openly support TRON and BitTorrent, other exchanges decided to do a similar thing with other projects. This is likely one of the reasons why the largest US-based exchange, Coinbase, launched a new venture, Coinbase EARN on February 6th. The aim of the project is to support BAT, as well as the browser that the coin is powering — Brave.

This has already had a huge impact on BAT, as the coin’s price surged by 30% within hours, taking its price from $0.10 to $0.13. The coin has seen a slight increase since then, with its current price being at $0.11917 as per TradingView, but its trading volume still continues to surge, going from $4 million before the announcement to $21.2 million at the time of writing.

Thanks to Coinbase’s new initiative, both Brave and BAT will receive a lot more exposure, and the educational content posted on the Coinbase Earn’s page will boost the coin’s adoption further. In addition, the fact that BAT does not have to be bought, but can be obtained by watching ads in Brave, or viewing educational content might bring a lot of new crypto users. This might especially attract those interested in crypto who did not want to make a real investment in the space.

The support provided by Coinbase will likely strengthen BAT’s position in the crypto market, and possibly allow the coin to surge, as it sees more demand and activity.

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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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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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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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