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How is EOS going to Fare in 2018?

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EOS

The journey of EOS cryptocurrency started in mid-2017 by Dan Larimer, founder, and creator of Bitshares and Steem. Unlike most of the crypto coins, the ICO and token distribution period of EOS ran over a year. EOS aims to be the quickest platform for Dapps and can process over 50,000 confirmations per second. Ethereum successfully overcame the transaction issues of Bitcoin. Moreover, the Bitcoin blockchain does not support the excessive development of Dapps and DAOS. EOS has challenged the Ethereum blockchain by allowing much faster transactions. This will also enable EOS to create more advanced Dapps. This will also lead towards a future of tokenized economy globally.

Will Ethereum lose to EOS?

Since the inception of EOS, it has grabbed the attention of cryptocurrency speculators. Ethereum has already proved its worth as the biggest Dapp platform in the cryptocurrency world. But, the cryptocurrency experts say that EOS and its blockchain Block.one have the potential to overtake Ethereum. In fact, the rapid growth of EOS accentuates the prediction.

The Price Predictions

The price of EOS as of 5th March 2018 is approximately $8.25. The cryptocurrency speculators say that the price of EOS by the end of this year may be around $37. The consistent rise in the number of tokens of EOS is what has grabbed the attention of the investors and the reason of the numerous queries of the welfare of EOS in 2018. The ‘soothsayers’ predict that at the end of five years the price will be near about $143. Therefore, the proportion by which the price increases is quite high. This is another reason to invest in EOS.

Figure 2: EOS Price Chart

Another advantage is that the platform of EOS is scalable. Therefore, the cryptocurrency developers have the flexibility to use the platform to create myriad applications. As parallel executions are possible on the platform of EOS, the company can easily run different decentralized applications at the same time. The multiple decentralized applications created with the help of Block.one are expected to attract numerous enterprise level clients. This will lead to a massive increase in the sale of EOS tokens which will have a direct impact on the price of EOS.

The aforementioned features of EOS are the reasons behind the experts’ high expectations. As the companies start to prefer the EOS platform for decentralized applications, the worth of the platform will obviously increase. Thus, the investors should check out the features of EOS and invest in it. Keeping fingers crossed, the cryptocurrency is most likely to gain more popularity with the increase in the use of the platform. As more and more institutions and enterprises are looking forward to the decentralized blockchain-based platform, the future of EOS looks good. The scalability feature of the EOS platform enables the developers to run different applications at the same time. The fact that the transaction speed of the EOS blockchain is up to 50,000 transfers per second is also a plus point. EOS, therefore, may prove to rise above all the Dapp based blockchain companies.

We will be updating our subscribers as soon as we know more. For the latest updates on EOS, 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.

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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. One of the ways to have a successful…

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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…

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