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Here Are Today’s ICO Movers: Populous and Storj

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In the wake of the Segwit2X cancellation, bitcoin has taken a bit of a hit from a price perspective. Price currently sits in and around $6,500, down just shy of 20% from last week’s highs.

While bitcoin struggles, however, the ICO space is as buoyant as ever. A number of tokens have picked up strength over the last twenty-four hours, returning double-digit percentage points across the period for any holders.

Here’s a look at the two biggest movers from the last twenty-four hours and what we think comes next for each.

The two tokens in focus for the session today are Populous and Storj.

Let’s kick things off with Populous.

This one is a pretty interesting one. Populous is trying to apply smart contact technology to an area of trade and industry that many probably won’t be familiar with – the invoice trading market. This is a market (generally dominated by SMEs) across which companies sell their invoices to buyers in order to improve cash flow. A buyer takes on the invoice for a reduced cost (as measured against the total invoice sum) and basically fronts the selling company the cash. The buyer then collects on the invoice after 30, 60 or 90 days (or however long the invoice terms stipulate) once the due date comes around.

The buyer pockets the difference between the cash fronted to the seller and the invoice total and the seller doesn’t have to wait however long to get its cash in hand.

So, this is a pretty lucrative space but, right now, it’s fragmented. It’s also the ideal sort of transaction for smart contract applicability – everything can be automated, essentially negating the potential for malice.

So why is Populous running today?

Well, aside from the fact that the product is very neat, the company has made a real effort over the last week or so to get fresh information on the table. This Medium report detailed the launch of a Beta platform and, shortly before that hit press, the company got a strong write-up on Steemit from an author people listen to and respect.

In this space, that’s enough to light a spark.

We expect this one to continue to appreciate near term. The token is up 28% on the last twenty-four hours, 151% on the last 30 days and is quickly gaining a reputation for being a smart play in the space.

Moving on, let’s look at Storj.

This is one of the most well-known tokens in the ICO-ecosphere, having sold around $30 million of its tokens as part of its ICO a few years ago. It was an early mover and its price illustrates this fact – Storj tokens are up more than 5,000% since the company’s initial token sale.

For those new to Storj, it’s a cloud storage platform that uses the Storj token as a unit of trade for people that want to pick up access to varying storage size programs offered by the company. The more people that use the service, the more Storj tokens are bought across the various exchanges that offer them and – in turn – the higher the per-token price of the Storj coins.

Increased adoption (and a growing client base for the company) isn’t what’s behind the most recent action in this one, however. The token is up 25% on the last twenty-four-hour period and is staging something of a recovery having turned out a pretty rough October, with the action driven primarily by some media coverage over at Nasdaq.

Any time one of these tokens makes the jump from crypto-niche coverage to mainstream news media it brings in a flurry of speculative attention. In this market, that’s all it takes to really get things moving and that’s exactly what we’re seeing here.

With Storj, future value is rooted in something a little different than might be the case for some of the younger tokens, such as the above-discussed Populous. Populous is a start-up and a smooth beta rollout is all that’s necessary to get the token running. With Storj, and the latest run excluded, we’re going to need to see some real-world user growth if the token is going to support its recent revaluation.

Keep an eye out for company-published updates for any insight into the demand for its cloud storage platform as indicative of its potential to build in the recent recovery.

Image courtesy of descryptive.com via Flickr

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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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Bitcoin

ISW Holdings Continues to Transition Cash Assets into Bitcoin with $20K Purchase Ahead of Mining Launch

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ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company, is pleased to announce that it is in the process of converting $20,000 of the Company’s cash holdings into Bitcoin. The Company also announces that it will be regularly conducting similar transactions on a quarterly basis to convert a percentage of cash flows into Bitcoin.

Management expects this transaction to be completed this week. The Company began transitioning cash resources into Bitcoin with an initial transaction in March 2019 at approximately $4,000/Bitcoin.

“We believe in the future of Bitcoin and digital payment systems, and cash represents an unproductive asset given the degree of monetary expansion, stimulus, and debt dragging down traditional currency systems,” commented Alonzo Pierce, President, and Chairman of ISW Holdings. “We are also on schedule to launch mining operations through our Pod5 solution at the Bit5ive renewable energy project by the end of January.” 

The Company formed a joint venture partnership with Bit5ive, LLC, (“Bit5ive”) in May to build and deliver an elegant, powerful, and efficient data center pod design. The Proceso Pod5ive Datacenter is the result. Designed in partnership with Bit5ive, and geared primarily for the cryptocurrency mining industry, the Proceso Pod5ive Datacenter offers next-generation dynamic self-management functionality, plug-and-play operation, virtually non-existent maintenance needs, and an industry best-in-class 1.06 Power Usage Effectiveness score.

The Company’s first mining pod is set to…

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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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