The commission-less exchange of Robinhood announced that it will begin supporting Ethereum Classic (ETC) effective August 6th. Coinbase exchange also announced that it will be supporting Ethereum Classic (ETC) beginning August 7th. These two exchanges open ETC to a pool of investors in the United States that are estimated to be in the millions. What might happen is that ETC might reach the Moon very soon.
Looking at Coinbase, and using 2017 data, the exchange enjoyed the patronage of over 13.3 Million users by late November 2017. This number is actually higher than regular investment giants such as Charles Schwab which had 10.6 Million active brokerage accounts as of November 2017. Given the fact that we are in a bear market, the number of Coinbase users could have dropped by a quarter leaving approximately 10 Million active traders.
Analyzing Robinhood and according to data from May this year, the trading app has over 4 Million active users. Majority of whom are millennials who are attracted to the mobility of trading through their phones and the fact that the exchange is commission-less. What better way to attract the young generation of traders than through free trading on an app? And now Ethereum Classic is very much accessible to these young traders through their ‘fingertips’.
Summing up both figures, this means that ETC gets exposure to over 14 Million traders by the end of 7th August this year. The current price of ETC is $19.05 but the coin seems to be more bullish than other coins and could be headed for a triple-digit finish by the end of 2018.
One price prediction available online puts ETC at $200 by the end of the year due to the following two factors:
- Technical analysis
- Renewed interest into the digital asset by investors
With respect to the latter, ETC is a breath of fresh air in the crypto-markets that have been dominated by the big 6 currencies of BTC, ETH, XRP, BCH, EOS, and LTC for the last few months. The digital asset now has access to two new American based exchanges with approximately 14 Million active users. A conservative estimate of the value of ETC by the end of the year would be $50 if the bear market continues as it is.
However, with a pending Bitcoin ETF at the SEC and the owners of the New York Stock Exchange (NYSE) getting into crypto-investing, $50 might be reached sooner than we think. This will, in turn, clear the way for a $200 ETC by the end of 2018.
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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.
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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.
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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.
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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.”
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