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Here’s Why We Think DigitalNote (XDN) Could Be Just Getting Started



DigitalNote (XDN) is one of the biggest movers in the cryptocurrency space over the last few days. Right now, the coin goes for around $0.069 apiece – down from highs just shy of ten cents recorded during the session yesterday.

The correction aside, that is a close to 3500% appreciation since December 1 and a close to 400% appreciation since the start of January.

Volume during the 24 hours preceding yesterday’s highs came in at more than $110 million worth of XDN changing hands – just shy of one-quarter of the client’s current total market capitalization. When you get a quarter of all circulating coins changing hands in a 24-hour period you are going to see some volatility and that’s exactly what we are seeing in DigitalNote right now.

So, what’s driving the action and where do things go next?

Let’s take a look.

in terms of history, this one isn’t a particularly new coin – the first XDN block was mined on May 30, 2014. Back then, however, it was called duckNote XDN and, subsequently, this was changed to DarkNote XDN. The more recent and present name, DigitalNote, was put in place to increase the mainstream attraction of the coin and – so far – it seems to have done just that.

in terms of functionality, XDN falls into the category of a privacy coin.

So-called privacy points are becoming more and more popular of late as cryptocurrency users switch to alternative assets that afford them a degree of anonymity when conducting transactions and storing coins in a local wallet.

XDN Daily Chart

XDN Daily Chart

Coins like Monero (XMR) are arguably leading the charge in this arena right now but this doesn’t mean that there’s no room for competitors – indeed, the opposite is true. Monero has its drawbacks in a similar fashion to the drawbacks associated with some of the leading cryptocurrency with other use cases right now and this has given smaller, less well-known coins an opportunity to wrestle a degree of market share from the bigger names by addressing and fixing some of the just mentioned drawbacks.

As far as DigitalNote is concerned, the coin is ASIC resistance and adopts a PoW mining process to provide instant worldwide privacy protected transactions and untraceable encrypted messaging transfers with almost zero processing fees.

And it is the combination of these features that is driving market interest in the coin right now.

So what comes next?

Well, one of the primary drivers behind the action right now is the fact that a Korean exchange, one of the largest, UpBit, just lifted a minimum threshold of $0.05 for altcoin purchases through its linked exchange – Bittrex. On the back of this threshold removal, we are seeing a large amount of speculative capital flow towards the coin in anticipation of future strength.

In terms of where things go next, then, it’s all about liquidity. If more exchanges offer markets the ability to buy this coin, and we think that there is a good chance we will see a number of the top exchanges do exactly that over the coming 12 months, we’ve already seen how there is a large number buy orders waiting to pull the trigger once it becomes an option.

Once these orders are filled, XDN should continue to run.

When a coin runs to the degree that we have seen this one run over the last 48 hours or so, we normally see a correction and – as mentioned in the introduction to this piece – we are currently seeing exactly that. As such, at current prices, this correction might offer a chance to pick up some cheap coins ahead of a reversal to the overarching upside momentum.

Let’s see what happens.

We will be updating our subscribers as soon as we know more. For the latest on XDN, 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 DigitalNote

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Elon Musk Advises Crypto Users To Secure Their Crypto Keys Properly



The crypto community has not gotten over the fact that the world’s richest man has now invested in Bitcoin and has been pretty active in the industry.

However, the community is now receiving security tips for storing cryptocurrencies from Tesla’s chief executive officer. While pointing the security of cryptocurrencies, Tesla also criticized Freewallet app, a crypto wallet for its slack in security.

He also added that crypto investors should not bother doing business with wallets that don’t provide them with private keys.

Users should store their private keys

The unique way cryptocurrencies are stored makes them not redeemable when the keys are lost. Whether the holder stores them with third-party custodians or exchanges, the owner can only claim them when they provide keys to the crypto funds.

That makes securing the keys the most important thing when dealing with cryptocurrencies. As a result, selecting the safest hot or cold wallet is a priority if users want to keep their crypto investments safe.

Elon Musk has come out to advise investors to always store their private keys personally. For a company to receive the attention of the world’s richest man is something to take advantage of to grow. However, FreewalletApp’s short conversation with Musk is a sort of negative publicity to them.

After the company engaged with Musk about a Dogecoin-related post, the Tesla founder pointed out faults with the firm.
He advised digital asset investors to stay…

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Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC




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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Partnership Between Bridge Mutual & AllianceBlock Announced



Decentralized peer-to-peer discretionary digital asset coverage platform Bridge Mutual has announced a partnership with AllianceBlock. AllianceBlock is a decentralized, blockchain-agnostic layer 2 protocol bridging decentralized finance with traditional finance. The partnership will allow AllianceBlock and Bridge Mutual to provide traditional investors with a protected bridge to DeFi through decentralized coverage. 

“Discretionary coverage is a very important part of our ecosystem, so we are excited to partner with Bridge Mutual and leverage each other’s technologies,” says Rachid Ajaja, CEO of AllianceBlock. “We look forward to building an ecosystem where all participants have access to the best products while mitigating the ever-present risk of smart contract failure, hacks, and the resultant loss of collateral value.”

In 2020, as much as $200 million worth of digital assets was lost in attacks on major digital asset services. Bridge Mutual’s platform gives users the option to purchase and provide discretionary coverage, reducing investors’ risk of losing funds because of theft, exchange hacks, stablecoin price crashes, exploited contracts, and other vulnerabilities in digital assets. 

By using Alliance Block’s multi-pair liquidity mining platform, Bridge Mutual will be able to offer BMI token holders instant liquidity through staking and high APY rewards for a variety of pairs. Once integrated into AllianceBlock’s P2P lending platform, Bridge mutual will be able to provide coverage to investors. Additionally, Bridge Mutual is working towards…

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