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Here’s Why Now Might Be A Good Time To Pick Up Some Spectrecoin (XSPEC)



Spectrecoin image

Spectrecoin has had a tough start of the week. It’s down a little over 22% on the last 24 hours and sentiment looks set to push the coin (XSPEC) down further before the day draws to a close.

We’ve taken a look at the chart, however, and we think that current levels might be a nice opportunity to pick up a discounted exposure to a longer term reversal in XSPEC. Here is a look at what we are thinking and what we want to see going forward as confirmation of our expectations.

For those new to this one, Spectrecoin is one of a handful of privacy type coins that have hit the market over the last 12 months or so and it’s managed to build up a pretty healthy reputation among followers and a pretty strong community during the period subsequent to its initial offering (which took place back at the end of November last year).

During this time, the price of XSPEC has risen from $0.001 to $0.397 currently – a run of close to 40,000%. Talk about returns. Of course, much of this return is nominal given an arbitrary initial offering price but, at a glance, it serves to illustrate the general trajectory of the coin since offering.

And a look at the chart below, which shows action over the last 12 months, reinforces this trajectory outlook.

By way of quick introduction, these sorts of coins are designed to act in a similar fashion to assets like bitcoin in the sense that they are primarily value transfer coins but they are also designed to overcome some of the privacy concerns associated with those aforementioned assets. Specifically, Spectrecoin employs what are called stealth wallets, which allow pretty much complete anonymity as regards to balance and transaction volume for the wallet holders and, additionally, the protocol employs the Tor network so as to, again, completely anonymize the flow of coins into and out of particular wallets.

There are some others in this space that employ similar methods but Spectrecoin is the only one right now that incorporates Tor into its offerings which, for many, sets it aside from the pack.

So, why do we think this one is setting up for a turnaround?

Well, take a look at price action over the last 12 months you will see that current levels, in and around the $0.30-$0.40, are levels at which we have seen strong support on numerous occasions. The coin reversed from these levels back in October and ran up to close to $0.70 apiece. The same happened in September.

If historic action is to be relied upon, we could very easily see a reversal from the current price and a resumption towards the overarching upside momentum illustrated on the wider timeframe chart above.

Of course, we will probably need some sort of catalyst (a fundamental one, that is) to get things moving, so what are we looking at as potentially providing said catalyst?

Well, two things.

First, the company just announced that an updated version of its wallet, Version 1.4, will be available soon. We don’t have any solid time frames on this availability but, as and when it hits press, we are likely going to see a spike.

We are also looking for any listing announcements related to major exchanges, with one in particular, a listing on, potentially hitting press near term. There are more than 1000 votes supportive of listing right now (the count is available here) and, so long as this number keeps rising, we should see the company’s token listed very near term.

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

Image courtesy of Spectrecoin.



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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), 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 ( ), 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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Wisebitcoin Launches Professional-Grade Crypto Exchange



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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