NEM price starts the week with an increase
The new week seems to be off to a pretty good start for several altcoins, with NEM price currently leading when it comes to gains. Following the weekend, NEM started experiencing a surge of its own, with its value exceeding $0.1. In the world of cryptocurrencies, price surges often start during the weekend, and by the time Monday arrives, they have already blown over. By the time a new week starts, altcoin trading returns to the red, which is where it stays for a while. However, it would seem that this week will be different.
While many other altcoins do trade in the red, as expected, NEM price started growing and has easily surpassed $0.1. This is a result of a 5% growth, and it is not too unusual since a lot of altcoins are known to suddenly grow, only to experience a price reduction later. Experts agree that his event might go through the same experience, despite the fact that it is slightly different than what usually happens.
CLOAKCOIN PARTNERED WITH NEM AND IS A MEMBER OF THE NEW ECOSYSTEMhttps://t.co/qw4yqd1vst@CloakCoin #cloakcoin @NEMofficial #nem #xem #cloak #blockchain #cryptocurrency #partnership #crypto pic.twitter.com/y9iHrzEdtf
— Defi.Central (@DefiCentral) October 22, 2018
This is a nod toward several interesting developments regarding NEM that the coin has experienced in the last few days. One of them might be particularly responsible for the new situation, and that is a new partnership with CloakCoin. Partnerships between altcoins are becoming more often, which is an interesting development, as it indicates strength and promises that projects will remain relevant.
NEM grows popular in Australia and the Philippines
Additional big move regarding NEM is the fact that its team has recently announced setting up a blockchain hub in Melbourne, Australia.
Australia is seen by many as a decent location for crypto development due to less strict regulatory measures. It is still unknown whether NEM will be able to achieve its full potential thanks to this new move, but investors remain optimistic.
Finally, NEM price also might have grown thanks to additional attention gained from a new video by Jeff McDonald, NEM’s advisor.
WATCH: #NEM Former VP and now Advisor Jeff McDonald explaining what #blockchain is resolving and how it can be used in businesses at the 44th Philippine Business Conference & Expo, organized by Philippine Chamber… https://t.co/XDXSXDvW82
— Emerson Fonseca (@CryptoFonzy) October 22, 2018
In the video, McDonald goes into depth while trying to explain blockchain technology. Considering that this took place in the Philippines, it is not surprising that NEM received a greater amount of attention in this part of the world.
After all of these events, NEM price started yielding results, and the coin reached a $0.1 mark without resistance. At the time of writing, the NEM price is at $0.100494, with a growth of 4.16%. Whether this trend will continue or not — still remains to be seen. In any event, NEM is currently one of only a few coins that are trading in the green.
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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…