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EOS heads towards $9 again as the coin continues its success walk

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EOS

The crypto-market has been facing many ups and downs over the last few months. Some coins have gone down quite low that it is becoming challenging for them to get back. However, some of them like EOS has been progressing despite all the shamming of the market.

EOS works towards helping developers build decentralized applications, and, this is something that is attracting a lot of developers. The model in which the platform is running looks quite promising; as its scalability is quite massive. One positive thing that makes this platform better is that the very same developer is allowed to build many similar applications on the blockchain platform.

EOS seems to be moving towards success over the last couple of days. Over the last 24 hours, the value has been getting closure and closure to $9, and it looks like it will go higher.

It was also noticed that EOS stands with $6.6 billion value in the market cap at the moment (as per April 17th). Because of its decentralized nature, more companies are using EOS — making it quite significant in the crypto market as the time is passing.

Although the news does not guarantee a consistent hike, it has been speculated that investing in EOS at the moment can be profitable as there is a good hike in its value.

Here, right below, I’d like to shed light on few latest EOS happenings:

  • At the beginning of the year, EOS saw a value of $18. Later there was a dip in its value because of the fall in the crypto market as a whole. At the moment it is slowly recovering and has reached almost $9, is at $8.45 to be exact. This upward movement seems to be quite promising and is soon expected to go up, to the point where it could even reach $15 and higher.
  • It was also absorbed that EOS was one among the few others to start off with the surge. In fact, the coin was followed by a few others that witnessed the surge as well. This points out that EOS might be leading the way for many other platforms in the future.
  • Other coins such as Bitcoin and Ethereum are still seeing a slow progression, but EOS seems to be picking up quite fast. Undoubtedly, this is a favorable sign for the company.
  • Over the last week, it was seen that EOS went above 30% of a hike getting into the top 6 in ranking. (As of 17th April, the ones that stand ahead of EOS are Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin).

What are the negative signs to look out for?

  • One thing that EOS needs to maintain is the $8 threshold. It is apparently not the limit, but if it goes below this mark after reaching there, then it might lose its value in the market.
  • There have been a few critiques of EOS. Earlier, John Oliver, the talk show host, had criticized EOS in March and spoke about the lack of seriousness in the company.

How does EOS look now?

All in all, the growth that EOS has been observing seems to be positive. Earlier this year, in January, it was in the top 10 after which it progressed to the 9th place in March. Earlier this week it again shot up to the 6th place and is maintaining its position rather nicely as of now. The coin is likely to top Litecoin in next couple of days!

We will be updating our subscribers as soon as we know more. For the latest on EOS, sign up for 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 DennisM2 via Flickr

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 trading…

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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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