Electroneum ETN attracts the attention of investors
It would seem that the crypto market has finally on the path of recovery once again. Nearly all cryptos are currently trading in the green, with Bitcoin (BTC) being only cents away from $6,700 mark. However, the true star of the show right now is Electroneum ETN, which has experienced quite a price surge in the past few days.
Back on September 5th, Electroneum news hit the media as the coin spiked up by over 25% during the one-day period. The previous week has seen another rise, this time by 23% against the dollar. The coin continues to rise even today, with its current price being $0.007599 after a 17.45% increase in the last 24 hours.
It has a market cap of over $60 million at the time of writing, and over half a million worth of this coin is being traded on various exchanges per day. The coin can be bought on Bitbns, Cryptopia, Cryptomate, and CoinBene, among others.
About Electroneum ETN
Electroneum news has brought this coin to attention to a lot of investors. However, the coin is definitely among the lesser-known ones, especially considering its position on the list. Electroneum currently takes up the rank of 93, which might change soon, considering the new changes.
It is a project that uses Proof-of-Work and the Cryptonight hashing algorithm. Its trading started last year, around November 3rd, and since then, the coin has developed a very supportive Reddit community.
Electroneum is currently available at numerous exchanges, although it cannot be purchased via the US dollar at the moment. As the coin becomes more interesting, this might change. For now, however, it can only be acquired through Bitcoin and Ethereum exchange deals.
The coin is currently seen by a lot of investors as a high-risk investment, but there are some price predictions that work in its favor. One of them claims that the coin will reach $0.44 by December of this year. While hard to imagine considering its current price of $0.007599, the crypto world has made even larger leaps in the past. All it takes is the right period and a decent bull run.
There are additional predictions for the future of the coin, some even claiming that it can hit $2.44 in the next five years. The opinions are, as always, quite different, depending on who is doing the predicting.
Is it a good investment?
Experienced investors can learn a lot about the coin by checking out its aspects, and Electroneum is no different. Now that Electroneum news has attracted attention to the coin, a lot of investors have seen that the coin is actually quite good.
It has a confident team, well-defined goals, as well as a strong community.
While it is not perfect, and it has a lot of technical challenges that it needs to tackle before joining the top of the list, the coin is certainly not bad. Anyone interested in it should certainly keep an eye on the coin, for in the right conditions, it could still rise beyond all expectations.
For the latest cryptocurrency news, join our Telegram!
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 Pexels
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…