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Golem (GNT) Sees A Surge In Trading Volume




In the world of crypto, a lot of large changes tend to happen during the weekend. This is an interesting phenomenon which does have exceptions in case of important development, but most investors still await weekends for the real action. This is what happens to most coins, whether they are among the top altcoins, or lower than the rank of 50. One such development took place during the last weekend, when an altcoin called Golem (GNT) experienced a sharp surge in volume, only to see it drop once more, come Monday.

What is Golem?

Golem is described as a decentralized supercomputer that reaches around the world and can combine computing power of all devices that are connected to its network. It allows users to loan their computing space to others in exchange for a reward, and many have taken to using this method to make additional profit.

This also includes renting computing power from the network in order to perform various tasks or increase the speed of performance. To rent computing power, users have to pay with Golem Network Token (GNT), which is one of the ERC20 tokens. Those who are loaning the power also receive payments in GNT, and can even set their own price.

At the time of writing, GNT holds the 48th spot on CoinMarketCap, with a price of $0.163439 per coin. However, while Golem’s price is relatively low, the most interesting part about the coin is its recent behavior.

GNT coin volume surges over the weekend

Golem was an uneventful coin in the last few months, and the last bit of action that it experienced happened at the beginning of September. However, this changed during the last weekend, when its price and trading volume suddenly surged.

Prior to the weekend, GNT was priced at $0.1517, but it jumped to $0.168 on October 21st. While this is a small spike that only includes a fraction of a cent, the coin’s volume jumped from $1.6 million to $5.6 million, which was a much more significant change.

While significant, this spike did not last, and Golem’s volume dropped down once more as soon as the weekend has ended.

GNT is available on numerous exchanges, with its trading volume currently being the highest at UPbit, with $494,237 in the last 24 hours. Other exchanges that are trading this coin include Binance, Exx, Bithumb, Huobi, Bittrex, CoinEx, OKEX, Poloniex, and more.

It is not clear what caused this volume surge, although many believe that the event has some connection to the purchase of higher amounts of computing power. While this might be the case, the spike in volume is a confirmation that Golem is still very much alive, despite its low price and rank.

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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 ( ), 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 ( ), 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. One of the ways to have a successful trading…

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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

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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 ( 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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