Since the time it was launched, Cardano has had quite a bullish rally gaining over 1500% even making it to the top 5 rankings of cryptocurrencies in terms of market capitalization earlier this year. At its core, Cardano is a Blockchain project set to create a thriving ecosystem for cryptocurrencies.
Basically, Cardano wants to make the development of peer to per Blockchain application easy. It’s the reason why it’s designed as an open source decentralized public Blockchain with smart contracts that enable developers to build more advanced features.
Cardano’s price predictions for the rest of 2018
The cryptocurrency market has been on a bear rally since the begging of the year. Most of the top cryptocurrency have shed a huge percentage of the gains made at the tail end of 2017. With this in mind, it is no surprise that Cardano, initial position among the 5 best cryptocurrencies has dropped to its current position 8. The current price of Cardano as of this writing is $0.19 with a market capitalization of $5.147, 249,460. However, market analysts predict that if the price of Cardano is ever to slide down to $0.13, given that it has maintained a support level of $0.19, we could expect a change in trend on the price of ADA and possibly watch the price stabilize. In contrast, most investors in the crypto space are actually bullish on the ADA coin is set to rise.
Is this a great time to buy ADA?
Well, as affordable as ADA is at the moment not to mention the backing of a robust team, it might just be a good idea to wait a little longer for the price to stabilize before jumping in. In the long run, however, an investment on Cardano is a solid move especially with the development projects currently ongoing on ADA’s Blockchain. Basically, before investing, you have to consider that Cardano, unlike other blue-chip assets, comes with price fluctuations according to market movements. You can definitely hold on to some ADA, however, be prepared for some price swings in the second half of 2018.
In the long run, however, it’s not all gloomy looking at the Cardano project. In fact, market analysts believe that the price of ADA will hit the $10 mark in the long term. How will this come to pass? Well, Cardano has been at the center stage of testnet launches with the Cardano CEO, Charles Hoskinson touring together with the development team to present Ouroboros at places such as MIT. Furthermore, Cardano has had tremendous developments already with the implementation of its Blockchain in developing countries through partnerships with governments like Ethiopia where the company is building Blockchain for agriculture.
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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…