It may be difficult to keep a positive outlook as we glance at the sea-of-red (the color of coins dropping in value over a 24 hour period) that engulfs our favorite exchanges. There is a good reason to be scared as we watch the coin market-cap fall off the edge of the proverbial cliff. But as we assess our gains from the month(s) and year(s) past, and desperately search for a safe place to hide them, there are some coins that look to surprise investors in the auspicious new-year ahead. The coins associated with favorite exchanges Binance (BNB) and KuCoin (KCS), may lead the way forward as trading commences and our tethered gains are unleashed once again into our top crypto-picks.
For new entrants in the crypto-space, your worst fears have likely been realized just as you positioned yourself in this wild-west of financial markets. But for those of us who have been around awhile, this market looks a lot like a brand-new opportunity for future gains. With Ethereum (temporarily) under US $1,000 and Litecoin under US $200 for the first time since early December, many investors are eyeing the recent downward-trend as the perfect time to buy-in on coins they saw performing well just before the new year. In other words, Investors will likely buy the dip (purchasing their favorite coins as they find support at a new lower price point).
Binance Coin (BNB)
Binance Coin (BNB) has proven to be a power-player in the growing list of crypto-currencies offered on the world’s most popular altcoin exchange. Binance itself has gone from a virtual startup to a billion-dollar industry faster than any company in history. Offering an incredibly stable product to millions of investors around the world, it is no wonder their associated token (BNB) has done so well in the past weeks leading up the current market drop. And as Binance takes on more and more users (despite having temporarily closed registrations in the recent days) the company will surely rise with coin market-capitalization in the coming days.
One huge factor that excites investors about the potential of Binance Coin (BNB) is its usability. In fact, Binance Coin (BNB) may be the most usable coin in the entire crypto-industry. Binance Coin (BNB) is used by the exchange’s growing membership as a way to save on the fees associated with trades made on the platform. In fact, using the coin associated with this burgeoning exchange will cut your fees in half.
*Tip: In your settings, make sure you have toggled the switch to use BNB for fees.
Usability is only one aspect of the token that bodes well for its future, however. Its limited supply is another big reason to HODL this gem (or add to our existing stores) as we ride out the storm created by the heavy withdrawals typical of the new year. With a circulating supply of fewer than 100 Million coins, and the announcement of a future coin burn (scheduled for winter 2018) this coveted token shows amazing potential for gains in the year(s) ahead.
KuCoin Shares (KCS)
Binance isn’t the only exchange with new investors beating down their proverbial doors for a chance to trade. KuCoin and its associated token (KuCoin Shares (KCS)) will likely rival many of the altcoins offered on their own exchange in the coming month(s).
KuCoin Shares (KCS) gives investors a stake in the company’s future revenues. And those revenues are expected to jump ahead in the coming year(s). Offering over forty (40) coins on its increasingly popular exchange, KuCoin isn’t just growing, it is exploding with market participants, begging for a chance to get in on the exchange’s newest additions.
KuCoin Shares (KCS) has increased exponentially in the past weeks, and though the recent market-drop has impacted this token (as it has every other token lately) there is good reason to remain optimistic about the future, as an incoming wave of new investors push the little green candlesticks (representing purchases on the graphs offered to investors on many of the exchanges) ever-higher.
As we wait out the storm that seemingly threatens to take down the entire alternative currency market, we must stay vigilant for the right entry-point to jump back in. In order to survive and thrive in 2018’s altcoin market, investors must aggressively buy tokens with a solid track-record of price increases, and they must buy them at the new lower price-points exhibited during downturns (like this one). While many exchanges and their associated coins will do well this year, Binance Coin (BNB) and KuCoin Shares (KCS) seem likely candidates for a solid portfolio boost in the coming year(s).
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.
Image courtesy of DaPuglet Pugs via Flickr
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…