The excitement around Bitcoin (BTC) has resurfaced with the talk of institutional investors such as Blackrock and Goldman Sachs expressing their interests in blockchain technology and cryptocurrencies. The way things are going, 5 to 10 years to the future, the early birds who got into crypto investing during this time period, will be telling stories of how they trusted their guts in buying the numerous digital assets available in the crypto markets.
One such digital asset is ICON ICX and good times are knocking for the digital asset that has a very impressive past in the crypto markets. ICX is currently trading at $1.40 at the moment of writing this. The last time this value was seen, was back in early December last year before all hell broke loose and BTC was valued at $20,000 by the 17th of the same month. ICX would later peak at $12 in early January. The way the markets are looking with a resurgent Bitcoin, ICX could just be ready for another ride as the last one we saw in January.
Another thing that could lead to a bull run is that the ICX project recently completed a token swap that was spearheaded by the Binance exchange. Both the TRX and ICX token swaps were completed on the same day on the exchange signifying that both digital assets are now on their own blockchain networks and can be officially referred to as coins. We all know that this is a great step forward for both TRX and ICX. Keen investors love seeing progress in projects that have kept promises from their roadmaps. ICX has done just that. Therefore, there are investors watching from the sidelines and some are buying more of the digital asset. Which one do you want to be?
Thirdly, the ICON project is backed by numerous financial institutions, insurance firms, hospitals, and universities. One such strategic partner is the Korea Financial Investment Association (KOFIA) which is a network of 26 financial institutions in South Korea. There is also an unconfirmed partnership with SBI Ripple Asia and plans of furthering cross-border payments between Japan and South Korea. These are all amazing developments that mean that the coin will be on its way to a Moon Landing very soon.
Summing it all up, with a resurgent Bitcoin, comes the need to diversify our crypto portfolios with worthwhile digital assets backed by functional projects with a good team and results. ICON (ICX) is one such project and coin. The digital asset is at its lowest value this year and ripe for the buying.
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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…