The need for a faster, friendlier and more decentralized blockchain has led investors to a variety of exchanges this year, searching for viable returns. And while most of the internet chatter on our favorite media sites continues to focus on the loudest competitors in the space (think Tron (TRX) and EOS (EOS) as examples) an exciting crypto-alternative may have slipped past your radar. GoChain (GO) is now getting the attention it deserves as this little-known altcoin consistently leads the market in daily gains.
Announced in February of this year (2018), this blockchain concept, developed to rival Ethereum, quickly made its way to a number of exchanges (including Binance, where most of this altcoin’s trading of is done). Since the announcement, a continuous onslaught of positive news and market gains has excited the industry as its competitors stagnate in the current market doldrums we all have experienced.
So, what is GoChain (GO) exactly?
GoChain (GO), whose mainnet was successfully launched earlier this year, is billed as an energy efficient alternative to Ethereum. It is a smart contract platform for dApps with the promise of faster transactions (a lot faster) and increased decentralization. According to their website, GoChain (GO) can provide 1300 transactions per second (compared to Ethereums 13) and can do so with greater decentralization, due to a global network of nodes operated by independent users of the platform.
While these talking-points may sound similar to the rhetoric commonly touted by better-known competitors of the ‘Ethereum killer’ space, GoChain (GO) has a number of characteristics that investors have started paying closer attention to.
GoChain (GO) is ranked 131 on coinmarketcap.com, and boasts a market capitalization of just under US $40 Million. With its daily volume surpassing US $2.6 Million, there seems to be a lot of room to grow. The price point on this newest crypto darling is still stunningly attractive, hovering near US $.06, despite the 1.02 Billion coins that make up the total supply. In a market surrounded by unicorn valuations (companies with a market cap valued over US $1 Billion) there is a concerted effort by savvy investors to place their fiat in smaller companies, like GoChain (GO), that still have potential to expand.
But what recent developments have the market excited about GoChain (GO)?
October was a busy month for GoChain (GO) as the company exerted its strengths at the annual SanFrancisco Blockchain Week conference. Immediately after the successful conclusion of the conference, the company capitalized on their PR blitz with the announcement of the first decentralized exchange, GODDEX, to be built on the GoChain platform.
GoChain (GO) has started November off with a bang as well, as the company announces a new partnership with LINKCHAIN, a secure supply chain sourcing solution. LINKCHAIN will build its platform on $GO, launching GoChain’s first security token offering (STO).
GoChain will be providing marketing and fundraising support to LINKCHAIN while assisting in the development of this blockchain-based supply chain solution.
With momentum building and a consistent track record of performance backing the team, GoChain (GO) stands ready to take their platform to the next level. And with the current news of their newest partnership, investors will likely clamor to take advantage of the current price point before this thing explodes in a brand new bull run. And as we watch Gochain (GO) make consistent gains in the near term, we should all be asking ourselves just how far this altcoin could $GO.
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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…