For the most part of their decade-long history, cryptocurrencies were unknown or ignored by the large part of today’s traders, investors, and enthusiasts. It wasn’t until the second half of 2017 that most of the current crypto community truly paid attention to this technology.
This is when digital currencies experienced the largest surge in value in the last ten years, and when thousands upon thousands new investors rushed in, wishing to join the new market. However, as soon as 2018 arrived, a price crash followed, with many believing that this will be the end for digital currencies.
While the bear market did not help their development, or their expansion into the mainstream, the interest in crypto did not go away. In fact, it kept growing, and online searches for cryptocurrencies, Bitcoin, numerous altcoins, and alike have had a surge of their own.
Additionally, as the community kept growing, it established a large presence on numerous social networks. Websites like Reddit, Twitter, and alike have become a home to some of the largest and most supportive coin communities. One report from September 2018 claims that there has been a 1500% increase in social media activity regarding Ripple (XRP), the third largest coin by market cap.
While this was likely sparked by events surrounding XRP products such as xRapid, the increase in activity also extended to Ripple’s price, which doubled in a span of a few days. However, all of this still pales in comparison to crypto activities on a platform called Meetup.
Crypto meetups growing in number
Meetup is one of the most popular platforms for organizing various events around the world. While it is not crypto-specific in any way, the presence of crypto community on this platform has been quite noticeable in recent months.
Contrary to expectations, however, it is not Bitcoin community that is dominating this platform. Instead, it is Ethereum meetups that have been largest in number so far. So far, Meetup reported over 245 regular Ethereum meetups that were organized around the world. This is likely due to the fact that Ethereum doesn’t focus on being a currency alone. Instead, its network offers the creation of dApps, new altcoins, smart contracts, and alike, which makes it a “busier” place.
Bitcoin, on the other hand, only has around 102 regular meetups, which makes ETH more than twice as popular on this platform. However, Bitcoin doesn’t even take the second place, which was claimed by EOS, with 145 regular meetups around the world. Instead, BTC is third by meetup number, and the last coin to have the number of meetups exceed 100.
On sites like cryptomeetups.io, such events are listed and categorized by cities, which makes it significantly easier to find the closest one, and participate in it. Of course, all information comes from meetup.com itself, which makes it reliable. Furthermore, these meetups are not only for crypto enthusiasts but also for those interested in blockchain technology as well.
Other notable cryptocurrencies that have grown popular on Meetup platform include Cardano, with 54 regular meetups, as well as IOTA, that numbers around 40 of them. Monero is among the most popular privacy coin with around 16 meetups, while Stellar has 24 regular events. Surprisingly, the third largest coin by market cap, Ripple, only has 15 meetups, according to information provided by the platform. However, apart from these coins, other currencies have significantly less.
These numbers clearly indicate which coins are among the most popular ones among the community, with Ethereum undoubtedly leading the race. While this should not be taken as a hint which coins to invest in, it should definitely be kept in mind, since it provides a valuable insight into what actually interests the community.
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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.
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…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
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…
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.”
Mr. Yamagata has been…