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Here Is Why $35 per EOS (EOS) By End Year Is Still A Low Prediction

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EOS

EOS (EOS) is the talk of the town also known as the crypto-verse. The new blockchain project promises to fix the issues on the Ethereum Platform as well as take away some of its market share in the smart contract industry. The current issues of a constitution are still eons ahead as to how Ethereum is governed by a foundation and not its community. The fact of the matter is that pure decentralization cannot happen immediately as everyone wants it to happen. One is tempted to point out that Ripple (XRP) is currently starting to decentralize after 6 good years in the industry and as a centralized project.

But we are digressing. Let us concentrate on the matter at hand. There has been a lot of talk on the web that EOS will probably finish off the year at a value of $35. This is due to the fact that its MainNet is running and its bull run could be similar to how Ethereum managed to sprint through massive gains in 2017. By this time last year, ETH had spiked from $10 in January 2017, to being valued at $285 at the beginning of July. This is a percentage gain of 2,750% in 6 months.

ETH would then peak to $844 by mid-December: a gain of 1,960% from the July levels.

So why was ETH gaining rapidly?

To begin with, it was ICO season back in July to December of last year. Most ICOs used the ERC20 protocol. A second reason is that Ethereum had the momentum and hype surrounding it. Something similar to what EOS has right now.

So what is a good EOS price prediction?

A conservative estimate puts the gains of EOS by the end of the year at 1,000%. This means at current levels of $9.11 at the beginning of July, EOS will be valued at around $91 by December or even more.

But how will EOS make those levels?

The platform has the momentum similar to the one possessed by Ethereum back in mid-2017. Everyone is talking about EOS. Even the Chinese government currently ranks it as the number one blockchain platform ahead of ETH and NEO. If a whole government loves a project, it must be extra good.

A second reason is that the creator of EOS, Block.one, wants a complete overhaul of the constitution. This news has brought back investor confidence and EOS has spiked 10% in the last 24 hours. The coin has had an impressive rally since the announcement was made 5 days ago at the moment of writing this. The intention to overhaul a constitution can be compared to what happens when actual nations change their constitution. More investors come in for they know that the country is progressive. Therefore, this is a sign that EOS is also progressive and the investors are noticing.

A third reason is that June 2nd might just be the start of the 2018 Bitcoin (BTC) bull run. What happened on this date is that Bitcoin broke free of the $6,200 levels it was hovering around and went up a few hundred in value to settle at the current levels of $6,640. A healthy Bitcoin means a healthy crypto market and EOS will also ride the wave of good fortune.

In conclusion, EOS is on its way to repeating, and perhaps eclipsing, the achievements seen by Ethereum last year on two fronts. The first is market performance and the second is EOS being the platform of choice for DApps and ICOs. Let us sit back and enjoy the ride!

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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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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.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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…

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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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