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EOS Just Went Beyond Its All-Time High

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EOS

EOS showed some amazing progress during the last couple of months, grabbing the attention of investors as one of the most promising coins in the market. That is how EOS managed to take over the fifth spot on the global coin ranking list, which was previously long-held by Litecoin for quite some time. That was not the end for EOS, as this coin is doing more than well with rebounding from the massive selloff that happened a couple of days ago. Let’s see how EOS is doing at the current moment.

EOS Gets Back to Its All-Time High

If you take a look at the current state of the market, on April 28th, you will notice that the majority of currencies are going down while trading in the red. However, EOS is one of the rare digital assets at the current moment that is trading up against the dollar while trading in the green and collecting new rises.

A couple of weeks ago, we have had a chance to witness a magnificent comeback that this coin had after the market dip that went on ravaging the market for more than two months when the total market capitalization was stripped down for more than 50%.

That means that the majority of currencies have had a rough time during this period while also having some issues at the beginning of the rebound phase that followed after the market dip was over. We already know as we have learned on previous cases, that the crypto market can be more than slightly unpredictable, so it kind of isn’t that big of a deal if your favorite coin gets drawn into the whirlpool of losses together with the market trend.

What it matters, is how quickly and how will is your coin going to recover from the crash. EOS has shown that it belongs among highly governed cryptocurrencies, with a strong community, which on top of other factors, made EOS capable of getting back on the track in no time, even though the market has been through a crash and a selloff in the last couple of months.

At the same time, it is considered that this coin managed to develop a type of immunity to greater losses on the market due to the fact that EOS investors are waiting for the long-anticipated launching of the EOS Main Net.

The Main Net is announced to be released 35 days from now, and you can follow up with the live countdown until the time of the launching on EOScountdown.com. Since the community is waiting for the main net launch, it is speculated that everyone is holding onto their EOS units simply because of that point on EOS’s roadmap.

Whichever the case, EOS has shown some amazing results during the last couple of months, but also during the last week.

EOS the Best Performing Coin of the Week

EOS has managed to collect over 60% of gains during the last week and going towards 70% of weekly rises with the last change in the market that happened today, on April 28th.

At the beginning of the week, EOS was going towards the value of 14$, which was soon afterward reached, going towards a higher price per unit with a daily rise of 17% against the dollar.

In addition to these rises, EOS acquired another set of gains that brought it to the price of over 17$ on April 27th, that way getting closer to its all-time high that was reached back in mid-January.

EOS was dealing at 18.16$ per one unit around January 14th, and now we see it easily getting back to this price and even going beyond it, which means that today, on April 28th, EOS managed to each its new record price, making it another extraordinary move by this digital asset.

After the latest change in the market, despite the massive drop that hit the majority of currencies today, EOS has reached a new all-time high of 18.80$ going for rises of over 20% at one moment.

How is EOS doing at the Current Moment?            

EOS was collecting massive gains during this week, making it the fast growing and best performing digital currency of the week with over 62% of rises collected in less than 7 days.

That is how EOS is still holding onto the fifth spot on the global coin ranking list, without any signs that it would be going down anytime soon. In addition to this success, EOS just managed to reach a new record price, surpassing its all-time high of 18.16$.

After the latest change in the market, this coin has gone up to 15.54% against the dollar, while trading in the green. In addition to rising up against the fiat currency, EOS is also going up against BTC and ETH for over 15%, which means that EOS is currently doing better in the market in oppose to Ethereum and Bitcoin.

Following the most recent change in the market, this coin can be purchased at the new all-time high of 18.80$ per one unit. We are all excited to see what happens next.

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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.

Image courtesy of Bernard Spragg. NZ 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.

NFTs are already being actively traded in markets globally. For…

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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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