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eToro Adopts Cardano (ADA) – A Step Forward

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Cardano

Cardano (ADA) has made a big progress recently by joining the limited list of cryptos offered by eToro exchange. It is the fourth crypto to join this exchange this year, and it is currently the 11th to be listed on eToro, following EOS, NEO, and Stellar Lumens (XLM).

eToro decides to list Cardano (ADA)

Cardano (ADA) is a relatively new cryptocurrency, and it was launched in September 2017. It was created with the goal to allow running smart contracts and various dApps, and its creator is the company called IOHK (Input Output Hong Kong). The crypto has inspired a lot of trust due to its professional team led by Ethereum’s co-founder, Charles Hoskinson. Its community grew rapidly, and the crypto’s success is obvious, especially with this new development.

eToro recognized this coin’s potential and has stated that it is a rather interesting investment opportunity, that will definitely pay off in the long run. By adding it, eToro provided its users with the ability to invest in this coin, and use it in their regular trading activities. It is expected that many other exchanges and companies will also recognize Cardano as a coin worth investing in, as the revolution of blockchain technology continues.

According to the platform, ADA is a strong crypto with a powerful blockchain backing it up, and it might even join the list of the leading cryptos on the global basis soon. After all, the coin is already in the top ten cryptos by market cap and has now joined eToro’s very limited selection of cryptos. Other coins that are included on this exchange are Bitcoin, Litecoin, Ethereum, Ripple, Ethereum Classic, Stellar Lumens, Dash, EOS, NEO, and Bitcoin Cash. Only one of these coins is currently unavailable, and that is EOS, which can’t be used right now due to its MainNet launch.

Despite the enlistment on eToro, ADA’s price has yet to go up, and many believe that this is due to the recent Bithumb hack. Still, the coin’s value is bound to go up sooner, rather than later, especially considering that another period of market recovery is expected to come.

eToro offers BTC/EUR and ETH/EUR trading pairs

In addition to its decision to list Cardano as a new coin available for trading, eToro has also decided to add a couple of new trading pairs, mainly – BTC/EUR and ETH/EUR.

The new decision is expected to bring more new investors in European countries that use Euro as their main currency. Additionally, the inclusion of these trading pairs will be especially suitable for all those traders and investors who are interesting in following these currencies’ future development.

One thing is certain, and that is the fact that eToro will see a significant increase in traffic and use after making these changes. Most of the new traffic will probably come from the users in Europe, but the Cardano (ADA) enthusiasts will also contribute a lot to this platform, now that this young coin has made another important victory on its way to market domination.

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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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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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