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Here Are Today’s ICO Movers: Incent and Blockchain Capital

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Things are now underway for a fresh week of token trading it looks as though we are in for a pretty volatile time in the markets. A number of tokens moved considerably over the weekend and we are expecting a continuation of this volatility as the US markets open for a fresh session on Monday.

With this in mind, here is a look at two of the most active tokens from the last 24 hours and a discussion as to what we feel is behind the action and what to expect next from each.

The two tokens in focus are Incent and Blockchain Capital.

First up, then, Incent.

Many reading will likely already be familiar with this token but for those that aren’t, it’s an incentivized blockchain system through which companies can setup their own reward card type program and offer customers awards based on activity and volume. The ICO happened towards the end of last year and was successful in the sense that it brought in enough capital for Incent to get its platform off the ground and activity since then has been pretty strong.

Over the last 24 hours, Incent’s token is up more than 71%. Extend this time frame to the last week and the number rises to 91%. From its ICO at $0.043, Incent currently trades for $0.282 – a more than 550% increase in around 12 months.

So what is driving the action?

Towards the end of last week, Incent published some of its activity metrics through its social media platform and it looks as though markets are viewing these metrics as favorable and, in turn, are buying up the Incent token in anticipation of near-term business growth.

The company reported that its Waves platform has reached 8 million processed transactions since inception and is doing more than 100,000 transactions daily. Additionally, Incent’s new mobile platform is up and running and this has translated to an improved sentiment surrounding the company and its token.

As far as where things go from here is concerned, we expect Incent to continue to appreciate during the final six or so weeks of this year, especially if the company can maintain its metric growth and (at the same time) raise awareness as to said growth in much the same way it has been able to do over the last few days.

Moving on, let’s look at Blockchain Capital.

This one is a pretty interesting one. The company bills itself as the first digital liquid venture fund and it is essentially a venture capital firm that’s set up to invest in bitcoin and blockchain related technology.

Over the last 24 hours, Blockchain Capital picked up a 59% upside reevaluation, building on the 31% recorded since last week. At its current pricing, Blockchain Capital’s token (called BCAP) trades for $1.23 apiece, up 23% on the token’s $1 ICO price.

Just as with any other venture capital firm, the way this one works is people invest in the company through the purchasing of tokens (as compared to buying shares or holding fiat with the fund, as might be the case in a more traditional VC entity) and the return comes on the back of the funds successful allocation towards startup blockchain companies.

Again, then, what’s causing this one to run right now?

We think the latest move is rooted primarily in the increase in price we have seen in bitcoin over the last few days. This is a company that invests in bitcoin and blockchain entities and, with the bitcoin price being the bellwether for space, the fact that we are seeing all-time highs is suggestive of a strong operational model for Blockchain Capital. Going forward, then, so long as bitcoin continues to rise in price, so should this token.

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Bitcoin

Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC

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Cryptocurrency

The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

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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. One of the ways to have a successful trading…

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Bitcoin

Wisebitcoin Launches Professional-Grade Crypto Exchange

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Infrastructure is developing rapidly in the cryptocurrency industry, but the recent launch of the Wisebitcoin cryptocurrency exchange is nonetheless significant in terms of the immediate value it provides to cryptocurrency users. That’s because the exchange has had a beta version available since 2018 while continuing further developments in stealth mode, and already serves over 1.2 million end users with $6+ billion in 24 hour trading volume at the time of its official launch.

In addition to the large user base and deep liquidity, Wisebitcoin also stands out by offering up to 100x leverage to margin traders, with the ability to open a long or short position in their futures market. In the current bullish environment, leverage is a key way that experienced traders increase their exposure and try to profit from volatility.

For example, if a user opened a long position on ETH on January 2nd at a price of $750, they could have greatly multiplied their profits with even a small amount of leverage such as 5x as ETH reached over $1,100 within 48 hours. A simple unleveraged position would have netted $350 in profit, but a 5x position would have netted $1,750 and a 100x leveraged position would have netted an incredible $35,000 in profits from an initial investment of just $750. 

Beyond leverage, Wisebitcoin additionally offers a simple and…

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