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NEO (NEO) and Stellar (XLM) On A Bull Run

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NEO

Many cryptocurrencies have experienced a lot of success lately, involving the increase in their values as well. Stellar Lumens (XLM) and Neo (NEO) have especially seen a significant increase.

XLM on the rise

Stellar Lumens (XLM) is one of the cryptos that seem to be on a very successful path at the moment. Their blockchain has been very quick, efficient, reliable, and most of all – safe. A lot of banks and other financial institutions have noticed this too, which is what inspired them to join the new trend. And, of course, they are also being followed by various traders, crypto enthusiasts, as well as many crypto investors.

The currency’s market cap is currently at $8 billion, and the value of the coin is estimated at $0.43 at the moment. The last week has brought a significant increase in its value, which went up to about 15.44%. This latest development made XLM climb up to the 8th place in the crypto ranking.

The new developments for this currency don’t stop there, however. In fact, Stellar recently got a new supporter – CEX.IO. This has brought a lot of benefit for this crypto, which can be seen by the recent increase in value. Another benefit is that Stellar is known as the coin that works great with the messaging applications. It is expected that XLM will be one of the first altcoins, if not THE first one that will start doing money transfers within the instant messaging applications.

It also plans to enter a new partnership with a trading platform called Lobstr. Once it does, it will allow its users to create an account and get the ability to trade through a simple tap on their phones. This will be possible for both, Android, as well as iOS users.

Stellar’s growth comes by the means of inflation, rather than through earnings. What this means is that this move will bring extra favors for its users. The firm even announced that there will be 100,000 new coins that will be given to users every week, with no extra costs attached.

NEO is doing well for itself too

The news involving Stellar Lumens are not the only positive thing in the world of cryptos. Another cryptocurrency called NEO (NEO) has also seen a big increase in its value.

NEO is a crypto that comes from China, and so far, it managed to hold its ground in the crypto market. Its blockchain technology works very similar to the one that Ethereum (ETH) uses, which is why many have taken to calling it Chinese Ethereum.

NEO’s price was slowly going up ever since February, and it peaked on April 6. A lot of its supporters, as well as crypto enthusiasts in general, have been looking forward to this development. Everyone is interested to see how much this crypto can grow, and there have been speculations about NEO becoming the strongest altcoin, provided the right conditions and opportunities.

Its current value is $84.16, and it holds the 11th place in the crypto ranking. Its market cap is at around $5 billion, and it has experienced a rise of 16.91% within the last week.

Its rise is every bit as significant as one of the Stellar Lumens, and both are expected to enter the top 5 cryptocurrencies on the rank list before the year ends.

One Twitter user stated that he always imagined the market as a group of great soap bubbles that will have to pop eventually, with the entire economy tied to blockchains being washed off. With the recent increase in prices for these two cryptos, this user started changing his mind, and it now allows for the possibility that this might not happen after all.

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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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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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