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Is EOS About to Take Over LiteCoin (LTC)?

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EOS

Currently ranked as the 6th best currency, EOS (EOS) seems to be doing more than well in numerous fields, while acquiring new partnerships and working on promoting their token in the best way possible. Moreover, EOS has been experiencing a positive wave of rises that brought it to the point where this token might be able to move LiteCoin down for one spot in the global coin ranking list and take over its spot on the list as the fifth-best currency in the market. In addition to an already established reputation of a highly scalable coin with utmost security and safety with all on-block operations, EOS is showcasing their team’s dedication to blockchain technology with holding various meetups around the globe.

How Can EOS Push LiteCoin Down the List?

Given the fact that LiteCoin has been around for quite some time now, being Bitcoin’s little brother, it is probably hard to imagine that its reign over the fifth place on the global coin ranking list could be endangered. But, this is actually the reality thanks to EOS and its amazing progress.

While EOS was one of the rare coins giving its best in showcasing the highest level of stability in oppose to the majority of other coins when the market dip was taking its toll for eight long weeks, the crypto community is only now truly impressed by this token’s growth.

In the course of only 24 hours, EOS has managed to gain a raise of over 30% against the dollar, while also being traded up against ETH and BTC as the market is trying to recover from the most recent market crash. This rate of raising in price impressed the public as EOS managed to show some astonishing result as this token is bouncing off and having more than a strong rebound.

With the current pace of growth, EOS is only 6.25% away from the number 5 on the global coin ranking list, which means that Litecoin – one of the biggest and oldest currencies in the market will have to move down if this case becomes reality.

In case you are not familiar with how the ranking list works, the spot a certain coin holds is being considered based on the market cap of the given coin or token. So, the greater the market capitalization, the better position will a coin/token have on the list. That is how EOS has the opportunity to move one spot up and replace LiteCoin as the fifth-best currency according to the global coin ranking list.

To be able to succeed in doing so, EOS will have to go through another set of increase and get additional 6.25% on its existing market capitalization.

We have already seen coins and tokens moving up on the list and removing previously established coins, but we’ve also seen these currencies drop down on the list despite the initial climb, so in case EOS would start to drop dizzily again with the case of LiteCoin remaining stable during the potential drop, EOS would once again take the 6th spot on the list.  As we are all already well aware of – anything can happen in the world of digital assets when it comes to the market price and demand of the market.

EOS and EOSIO Dawn 3.0

There are plenty of reasons for having EOS to be one of the most interesting coins at the current moment, and one of those reasons is the release of EOSIO Dawn 3.0, which became available only a couple of days ago.

This version of EOSIO is a part of EOS’s roadmap as they are planning on releasing EOSIO 1.0 somewhere in June. The version of EOSIO that should be launched and released in June of 2018 is said to become one of the greatest platforms for creating and uploading decentralized applications, at the same time marking the release of the version 3.0 as one of the top moves that EOS team has made so far.

The newest version of Dawn was released 4 months after having the team release the previous version and this version is said to have implemented features that would allow high-level scalability, so the team managed to prevent hard forking which many coins turn to due to the lack of scalable solutions in their chains.

It is thought that the release of Dawn 3.0 might be one of the many reasons why EOS is experiencing the amazing rise in its price at the current moment, gaining over 30% of rises in a very short period of time.

How is EOS doing at the Current Moment?

After the latest change in the market, it is more than evident that EOS is doing exceptionally well, aiming at taking down LiteCoin from the 5th place on the global coin ranking list.

With the most recent change, EOS is trading in the green with the rise of 31.28% against the dollar, while this currency is also rising against ETH and BTC for 27.57% and 30.23%.

At the current moment, EOS can is being traded at the price of 7.95$ per one token and pretty soon we might see this token ranked as the fifth-best currency on the global coin ranking list.

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

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.

Image courtesy of Damian Morys via Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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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…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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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…

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