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Here’s How Monero (XMR) Gets To $1,000

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XMR Monero

When the cryptocurrency markets are as volatile as they have been over the past couple of weeks, it’s easy to focus only on price as the leading indicator of a coin’s (and, indeed, the wider market’s) health.

Bitcoin (BTC) dropped 50% from highs and while it’s up 20% or so on yesterday’s lows, mainstream media coverage remains squarely focused on the bursting of the so-called bubble in the sector.

While market attention is diverted, however, there’s plenty of opportunity to pick up coins that are seeing fundamental developments hit press but, at the same time, are seeing these developments overlooked in favor of the headline price news.

One example of exactly this right now is in Monero (XMR).

There’s a good chance that many reading will be familiar with Monero. It’s a top twenty cryptocurrency (at last count, Monero was ranked in 14th position, just ahead of Bitcoin Gold (BTG) and below TRON (TRX)), with a market capitalization of more than $5.25 billion and it’s one of a bunch of coins that have been grabbing headlines over the past few months based on one intrinsic and very specific attribute – privacy.

XMR Daily Chart

XMR Daily Chart

When bitcoin was first conceived and, indeed, as it grew in popularity during the early days of crypto-growth, privacy was one of the features touted as being pivotal to mainstream adoption of this sort of asset. The ability to send BTC from one wallet to another anonymously was what drove BTC’s growth on the dark markets and through platforms such as the now defunct Silk Road.

As the industry has matured, however, this anonymity has disappeared. In the vast majority of cases, a bitcoin user now has to prove their identity when acquiring coins and this compliance and regulatory issues associated with holding, storing and sending bitcoin have all but removed any privacy features.

Yet this is still an attribute that’s in high demand. Dark markets still exist and users need coins that won’t compromise their identity or the volume (and value) of their transactions. This may seem like a shady logic on which to rest a buy thesis, but that doesn’t mean it’s not a valid one. These markets are what got bitcoin its start and they are what are going to push coins like XMR up over the coming months.

A few coins are stepping in to fill the role of secure and private coin (Verge (XVG) is another notable example, currently valued priced at $0.11 and ranking at number 23 in the coins-by-cap listing) but Monero is the one that looks the strongest as things stand and it’s certainly the one that’s picking up the attention of the mainstream media.

This puts it ahead of the crowd and, when combined with the fact that it’s currently priced at a pretty steep discount to early month highs on the back of the recent correction we’ve seen in the sector, it’s an incredibly attractive portfolio exposure at current levels.

Exactly how high the coin can run is anybody’s guess – we’d be guessing outright if we were to put a level on our bias that extends out beyond the end of this year.

With that said, however, a forecast based on the action we’ve seen in this and some of the other coins in the space of late isn’t completely out of the question.

With this in mind, then, $500 becomes the next major upside target for XMR. The coin nearly reached this threshold at the beginning of January but dipped in response to the wider market decline at the start of this week. Right now, it goes for $341.

Beyond $500, $1,000 becomes a very real possibility.

We will be updating our subscribers as soon as we know more. For the latest on XMR, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of Monero

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ONGX – Tokenized Ownership of Pharmaceutical Facility Listed on HOBIT.io

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OncoGenerix.io and OGInvest Limited have announced that the ONGX Token will be tradable via the Hobit.io exchange. The ONGX Tokens are built on the ERC20 blockchain protocol, serve as a SAFE (which stands for “simple agreement for future equity”), and will be exchangeable at the option of the investor for equity-token securities.  The ONGX Token offering is a first-of-its-kind digital investment opportunity, the company stated, as it offers tokenized ownership of a pharmaceuticals manufacturing facility. Through ONGX Tokens investors have an opportunity that is typically available only to industry insiders and large investment firms, the company stressed. 

“We are excited to see OncoGenerix.io work with Hobit.io, as we believe it is a strong ecosystem to provide ONGX investors with potential liquidity. We believe ONGX is the pharma industry’s largest digital offering to date, as measured by target investment size, underlying valuation, and production capacity of the asset. The ONGX Token brings pharma production investments to a much larger audience and democratizes the pharma investment opportunity,” said the president of Hobit.io Mr. K. Holtser.

Hobit

The OncoGenerix project anticipates to benefit from a combination of the OncoGenerix plant’s strategic location, favorable valuations of pharma manufacturers, and continued global pharma market growth. As a novel and generics pharma producer, OncoGenerix specializes in injectable…

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Business incubator GDA Ventures acquires first client MobileGo, introduces MGO Token for blockchain gaming

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GDA Ventures, a business incubator backed by the GDA Group of companies, has  announced its first client – blockcain gaming platform MobileGo (MGO). The MobileGo project was initially launched in 2016 and focused on gaming, with significant closed partnerships including Unity and Xsolla, the gaming industries leading game engine and one of the most utilized payment processing providers. 

GDA Ventures 

Similar to many early blockchain projects, MGO built a significant community and blockchain offering while securing partnerships with top companies in the industry. The 2018 market crash combined with failed deliverables from various signed partners slowed the project down. Now, as crypto sees a revitalization, MobileGo has engaged GDA Ventures to restructure and revive the MGO project, the two companies announced.

“This is a huge step forward that will continue to bring innovation and originality to the blockchain gaming ecosystem; benefiting developers, gamers and everyone in between. We are very excited to work with GDA Ventures as their experience with venture incubation and development will help take MGO to the original heights set out in 2016, becoming an industry pioneer that bridges the gap between gaming and blockchain,” the MobileGo team announced in a statement.

MGO co-founders were some of the first to recognize that peer-to-peer gaming and unique…

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SyncFab Boosts Aerospace Division While Strengthening MFG Token Utility

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Manufacturing blockchain company SyncFab has been selected as an official showcase solution finalist for the United States Air Force AFWERX program, the company announced this week. AFWERX is a community of innovators devoted to creating a faster and smarter US Air Force. SyncFab showcased its technology enabling agile manufacturing and reverse engineering of mission-critical component parts. 

SyncFab MFG Token

Additionally, Jason Smith, a veteran in the aerospace industry, joined the SyncFab team recently.  Smith possesses a tremendous knowledge of the industry, having worked with L3 Vertex Aerospace, the United States Air Force, commercial airlines, and government agencies to uncover business opportunities for engineering, maintenance, and repair services. 

SyncFab’s advisory board has also welcomed Urs Breitmeirer, former group CEO RUAG Swiss Aerospace Defense CO to boost the blockchain adoption strategy. 67% of space and aerospace executives anticipate the combination of blockchain distributed ledger technology, AI, XR, and quantum computing will have a transformational impact on their organization as reported by Accenture. With thousands of suppliers responsible for delivering advanced and innovative components or materials to Tier 1 suppliers and OEMs, supply chain and logistics have long been critical to the success of every major aerospace and defense program, SyncFab team stated.

This substantial reinforcement of the core team at SyncFab is expected to help boost the aerospace industry…

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