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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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. One of the ways to have a successful trading…
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…