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EOS strides towards recovering its record against Bitcoin

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EOS

EOS project is wonderfully making its way through the cryptocurrency market. The initiative, whose primary objective is to introduce a new architecture for blockchain, is gaining a humongous ground in the market reaching some of the most outstanding results — including against strong cryptos such as BTC (Bitcoin).

The technology behind this performance is built with the intention of enabling both vertical and horizontal scaling for decentralized applications; a fact they achieve by creating sort of an operating system in which several applications can be developed.

As the company’s white paper establishes:

“The software provides accounts, authentication, databases, asynchronous communication, and the scheduling of applications across many of CPU cores or clusters. The resulting technology is a blockchain architecture that may ultimately scale to millions of transactions per second, eliminates user fees, and allows for quick and easy deployment and maintenance of decentralized applications, in the context of a governed blockchain.”

Like this, the project continues reaping success. Once again the token is heading its own peak against nothing but the strongest of the market; and as if it wasn’t enough, it may also register a two-digit price in dollars soon.

Let’s recall that EOS had a significant growth on the sturdy Asian trading market, getting to an outstanding value of $9.03 per unit. The same way the asset surpassed its past value of $5 in only just one day, a period in which it managed to get to prices oscillating between 8 and 9 dollars. To this, the daily auction too did reaction passing as well to the $8-9 territory.

As a consequence of this, price manipulations speculations increased extraordinarily, even more after EOS had decided to move its funds. It is still uncertain who are the ETH backers performing on the daily auctions, in fact, a few people believe the project could be recycling a part of the ETH collected and also making its price to grow artificially.

https://twitter.com/ethicomonitor/status/986720035770130439

The project recently experienced a collection of over 30,000 ETH units on its daily auctions and even got at one point, to the number of 40,000 ETH, which would definitely have to lead to a notorious bullish behavior of its relative price.

Nonetheless, results were not that significant. In fact, it maintained relatively calmed daily amounts, and its market appreciation remains the same, so there’s a place for arousing doubts.

The EOS token won’t actually have a determining role on the network, but in contrast, it will be a very crucial piece for potential node holders. The network of the asset will develop a system composed of 21 block makers which will achieve a consent. In order to achieve that status, holders of a large-scale level might have acquired EOS already, and if not, they may be planning to acquire the asset in the short term.

Like this, with the several daily actions that still remain to happen, and with almost two months missing to launch the mainnet, the massive promotion of EOS may be changing abruptly. Currently, the majority of the EOS trades are solely speculations on platforms such as Huobi, Bithumb, and Bitfinex, but the truth is the real numbers of the network are somehow undiscovered.

In the current time, the EOS project has not created any advances beyond the DAWN 3.0. It is clear that the team is putting all of its efforts in order to construct a well-crowdy community, but for the moment it all reduces to merely hopes.

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 fdecomite 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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