The lowest levels of Bitcoin (BTC) this year were witnessed on the 29th of June. The entire Crypto market also came to its knees on this date with the total market capitalization reaching new lows of $232 Billion. These levels have been rejuvenated and are currently at $273 Billion at the moment of writing this. BTC has also gathered some steam since then and is trading at $6,808.
A good picture of how much the markets have fallen in the last six months is the fact that BTC was valued at $20,000 last December and the total market capitalization of the crypto markets, stood at $832 Billion in early January.
The reason for this brief reminder of the past crypto market performance is to highlight that Zilliqa (ZIL) is also at its most recent lows. This is the first reason to get some ZIL right now. These lows will not be around for much longer as the project continues down the second half of 2018. The token had new lows also on June 29th when it was trading at $0.060. ZIL is still undervalued at current levels of $0.080. Past performance of the token has seen it reach levels of $0.23 back in early May. This means it is only a matter of time before a similarly stellar performance of the token in the crypto markets due to the second reason below.
A second reason to get ZIL right now is the current progress showcased by the project. The team has redesigned the Zilliqa website as well as launching the second version of the TestNet that allows developers to test out the Scilla programming language. The new Testnet can currently handle 2,828 transactions per second, which is considerably higher than the transaction capability of the Tron Mainnet Network that can only handle 2,00 tps. This means once the Zilliqa MainNet is launched, it stands to have a chance at edging out TRON as the preferred platform for decentralized apps and smart contracts.
This high throughput evident on the Zilliqa platform is ideal for DApps in gaming, entertainment, digital advertising as well as finance. These are the 3 key industries for emerging applications and technologies on the blockchain.
The current roadmap indicates that the MainNet will be released in the third quarter of 2018. We are currently in the 3rd quarter which runs up until the end of September. Anything can happen between now and then including the much-anticipated crypto market recovery and a Bitcoin bull run brought about by new money from the institutional investors that want a piece of the action in the crypto markets.
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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…