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Kin (KIN): How You Can Benefit From The Drop

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Kin

Kin (KIN) had an amazing opening month that led it to an easy start in 2018. However, due to the recent events at the beginning of February 2018, Kin started to drop in price along with a bunch of other coins. So, it wasn’t really about this coin in particular as many other coins started to experience major drops around the beginning of the current month.

As February is progressing further, slowly inviting March and possibly new opportunities with it, Kin is still dropping. The most recent drop of -10% makes us wonder: is there a chance to benefit from this drop and what will happen next with KIN tokens?

Everything You Need to Know about Kin

Kin represents a digital currency that operates on blockchains similarly to all other digital tokens. This digital currency has no platform of its own, but it is hosted and used on Ethereum platform, which probably adds some value to Kin tokens as well given the fact that Ethereum represents one of the largest decentralized networks available on the market. However, we should all have in mind that ETH is not doing well either – neither are the majority of coins due to the last week’s radical drops in price.

To get back to the story of interest, the main idea behind Kin is established in the form of neat and cost-effective chat apps and social platforms that are set to enable easy and simple communication in real-time.

Kin takes pride in its goal to make communication on the Internet decentralized as well, stressing out that social media and online communication make a great part of our everyday lives. With this idea, KIN is hoping to establish a good solid reputation and a stable status in the world of crypto values.

Kin also prioritizes online commerce, hoping that more people will realize how simple and effective blockchain trading and communication are. Since traffic on Ethereum is getting a bit tight thanks to a lot of members using different coins along with ETH on Ethereum platform, KIN is hoping to join a faster network, potentially having its developers making KIN’s platform where another coin beside from KIN tokens could be hosted.

How is Kin doing At the Current Moment?

After a series of increases in January when Kin started to grow steadily but certainly, February brought massive decreases – not only for this token but for many other cryptocurrencies among which were also all big coins as well. The first decrease totaled -2.5% against the dollar, immediately following up with another decreased of -10%. This decrease was also marked as the latest decrease stated on February 11th, which means that KIN tokens are now being traded at 0.000255$ per one coin. This is pretty low, but (a huge BUT) this could also be a great thing.

Kin is currently rated as the 89th coin on the global coin ranking list, which only shows you that this coin has a great potential given the fact that is rated among top 100 coins on the market with over 1000 different coins.

Can You Benefit from Kin’s Drop?                                                                                      

Given the fact that not only KIN tokens are dropping low in price in the past following g week, having this token dealing far from a dollar per one unit isn’t that bad. This is because you also have other coins – mostly tokens within the top 20 digital coins – that are also dropping, causing massive selloffs and trading in the red zone. So, why should anyone buy a fraction of a dropping coin like Ethereum under the price of over 800$ per one coin and risk losing some of the money or even most of the money you have invested in ETH, when you can more safely invest in buying 100 to 1000 or more KIN tokens under the price of 0.000255$ per one coin.

Even in the worst case scenario where Kin could go lower than its current price, you wouldn’t be losing much money. And, in the case Kin bounces off and starts experiencing increases it’s a win-win situation. It is always much safer to buy a bunch of coins that are trading at very low prices and hope the price will go up than having to buy a pricey token in the period of decreases and risk losing money.

So, yes, it is pretty realistic that you can earn some cash by investing in KIN although this coin is still far from being worth a dollar per one unit.

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.

Image courtesy of coinmarketcap.com

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. One of the ways to have a successful…

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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…

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