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What to Expect from Bytecoin Price in the Future?

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Bytecoin price

Bytecoin (BCN) may not be one of the most popular coins in the entire crypto market, but it definitely made some significant progress on getting there. This is a discrete coin that is not attracting a lot of attention at the first glance. However, if we take a look at some of the transactions processed by it, its story begins to unfold, and we can see that the coin is gaining popularity. With a situation like that, what can we actually expect from Bytecoin price in the near future? This is something that a lot of investors are currently wondering, which is why today, we will try to provide them with an answer.

Bytecoin price now

Like all cryptocurrencies, Bytecoin price has seen a big decline this year due to the bear market. Its current price is barely $0.001788, with a decline of 8.87% over the last 24 hours, This has placed the coin on the 25th spot on CoinMarketCap’s list of largest cryptocurrencies by market cap. However, it would be wrong to believe that the coin’s price is so low because it’s a bad coin. Its huge circulating supply is large to be blamed here.

The current circulating supply is 184 billion tokens, which is less than half a billion shy of its total supply of 184.470,000,000 BCN.

Even so, BCN will always have its place in the market due to huge amounts of privacy which it provides to its users. Its blockchain is easy to use, and transactions cannot be traced, which will eventually ensure this coin’s popularity. Additionally, the coin is very efficient, which has led to a huge increase in its community. Eventually, what this coin needs is time and patience, which is why it is a perfect choice for the long-term investors.

Bytecoin is not a pump and dump scheme

Thanks to the increase in false ICOs and other numerous crypto-related schemes, a lot of people were worried that BCN might be a pump and dump scheme. Investors were basically afraid that they will be tricked into investing in a coin that will prove to be worthless. Its team, however, responded with claims that they have no control over the coin or the possible directions of its price. In fact, all that they can control is the coin’s underlying software.

Additionally, a while ago, BCN announced its own debit card project. However, it never seemed to arrive, and the team claims that the project has run into a few setbacks and that more information will be released as soon as the team gets them. Many were also worried about the project’s roadmap, but the team also announced that the updates will come in due time, asking for patience.

The coin has been listed on a decent number of exchanges and has entered quite a few partnerships. While it has its issues, it’s still a coin worth investing in. It is true that Bytecoin price is not doing tremendously well right now, but the coin’s community remains convinced that its time has simply not come yet. When it does, it will be able to compete with the best of them. In the meanwhile, believers in the coin are purchasing as much as they can right now, ensuring large returns when the winds change, and the price of Bytecoin grows.

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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. The author is long Bitcoin. 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

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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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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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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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