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GoChain (GO) Surges After Listing On Binance

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GoChain

Ever since cryptocurrencies exploded as a trend back in late 2017, numerous new altcoins started emerging on the market. While some of them disappeared very quickly, many still managed to survive. However, not a lot of them can say that they are making as much progress as GoChain (GO).

GoChain is a very young coin and has only been a part of the crypto world for a few months. However, during that time, it achieved a lot, and it is currently among the most popular coins to talk about.

GoChain was launched in May 2018, which was a peculiar period, when even the top cryptocurrencies had a difficult time staying relevant. The last thing that anyone expected was that a new altcoin will appear during this time, and its chances of surviving it were slim, at best. However, GoChain managed it, and since then, it only picked up the pace.

Its rise to popularity started with a mission of reaching as many big digital currency exchanges as possible. So far, it managed to reach Bittrex, Upbit, Binance, KuCoin, and Bilaxy. While it still has no trading pairs against the USD or any other fiat currency, it can still be bought via Bitcoin or Ethereum.

Its total supply is a bit over 1 billion coins, while only 625,412,261 GO is currently in circulation. However, GoChain remains highly popular, with a trading volume of nearly $40 million in the last 24 hours.

GoChain: Winner of Binance’s Coin of the Month contest

In recent days, GoChain started experiencing a significant price surge, which has brought double-digit gains. Its current price is $0.068145, with a 14.18% increase in the last 24 hours. While this is still not enough for GoChain to enter the top 100 largest coins by market cap, investors remain optimistic, believing that it will get there eventually. At the time of writing, GoChain is ranked as a 125th largest coin on CoinMarketCap.

The new price surge is believed to be inspired by the fact that GO managed to win Binance’s competition. Each month, Binance reviews multiple unlisted coins, and if one of them satisfies certain criteria, the coin gains free listing. It appears that Binance was impressed with GoChain, as it chose it as a winner last month.

As a result, GO attracted a lot more attention, and its community continues to grow. In a recent Tweet, GoChain announced that their Telegram community now counts 10,000 real members.

Following the Binance listing, GoChain’s value increased by over 40%. Many expected that this development might trigger a bull run, although now it would seem that this is unlikely to happen. Regardless, GO is still growing in value, with a current increase of 14%. This is still noteworthy, considering that most of the other cryptocurrencies, Bitcoin included, are currently experiencing losses.

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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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