Connect with us

Altcoins

Is it a Good Idea to Buy Stellar Right Now?

Published

on

Stellar

Stellar (XLM) has been one of the most competitive long-lasting tokens for years now. The coin was originally launched as far back as in 2014, which makes it older even than Ethereum. For half a decade, the coin was near the top, serving as one of the fastest cryptocurrencies to date. With a reputation like that, it is immediately clear why investors tend to put their faith into this coin.

However, time flies by in the crypto space, and things can change pretty quickly, including trends, reputations, and even position. Because of that, it is not surprising that Stellar investors and enthusiasts wish to know if the coin is still a good choice when it comes to buying or HODLing.

Is it time to buy Stellar?

As many already know, there are several significant factors that may serve as an indication of how the coin is doing at any given time. The first factor includes short-term trends, which can be either bullish or bearish. The crypto market experiences them all the time, and they usually take place for a while, only to swiftly be replaced. In 2018, the bearish trend has established clear dominance, and cryptos have lost a lot of their earlier value as a result.

Because of that, the coins are currently mostly believed to be underpriced, which is why selling them now will not make much of a profit. However, the same low value might be perfect for those who wish to invest in them.

The second factor worthy of consideration in Stellar’s case is its inability to move away from its trading price of $0.1. While true for XLM, the situation is equally as bad when it comes to most other coins. While this does mean that Stellar is successfully maintaining some level of stability, investors would likely still prefer it if the coin managed to break out and experience a proper surge.

So far, however, Stellar was unable to make such a move, and its price is usually somewhere between $0.09 and $0.15. At the time of writing, XLM value stands at $0.13, and it currently holds the 6th position on the list of largest cryptos, after EOS recently took over the 5th spot.

Another thing to consider is the coin’s trading volume, which has also seen some stability in Stellar’s case. Because of this, it appears that the project is not attracting new traders currently, which may be seen as a negative development by long-term investors. This situation has been a constant for over a month now, since Stellar briefly overtook EOS’ 5th position on November 13th.

Conclusion

Stellar (XLM) is one of the fastest, oldest, and highest-ranking crypto projects. It can offer stability, great speeds, and more than a decent market cap. Its price is somewhat bound at the moment, although many investors believe that the next bull run might help XLM reach new heights. Whether or not this will happen remains to be seen, and experts predict that something like this might happen in early 2019.

Optimistic investors might want to consider investing in the coin while it is low-priced, as the crypto space remains unpredictable, and the value of any coin can surge without warning at any time.

For real-time trade alerts and a breakdown of the crypto markets, sign up for Elite membership!

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.

Image courtesy of Pexels

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

on

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…

Continue Reading

Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

Published

on

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…

Continue Reading

Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

Published

on

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…

Continue Reading

Press Release