Connect with us

Blogs

New Hope for Stellar Lumens (XLM)

Published

on

Stellar Lumens

So far, 2018 has been a strange year for cryptocurrencies. Whenever they made some progress, interestingly enough, a new hardship followed. Still, a lot of them managed to bounce back whenever things got complicated, and Stellar Lumens (XLM) is definitely one of them. In fact, a lot of experts believe that this crypto has a lot of potentials to bloom by the end of the year, so let’s see why.

Stellar Lumens (XLM)

Stellar is a crypto that has been around for a while when considering crypto-age. It was launched back in 2014, and it uses an entire network of decentralized servers for maintaining its operations.

Stellar is a crypto that has always been ‘around’, but never received that much attention, until this year, when he climbed to the rank of 7th according to CoinMarketCap. Just like all the other cryptos, its price suffered a great loss at the beginning of the year, and it currently sits at $0.193173.

Despite this, Stellar continued to fight the good fight, and the crypto continues on its way to the ultimate goal – the replacement of traditional money with cryptos. In return, it offers speed, scalability, extremely low fees, and has a very solid framework.

A lot of others have noticed its potential as well, one of the biggest names among them being the KIN Foundation. KIN seems to have been very impressed with Stellar’s scalability solutions, considering that they announced a hard fork on Stellar’s very own blockchain. This will help solve a lot of company’s problems, and would even expose Stellar even more in the process. Cryptos are never the ones to say no to building a reputation, so this will be a good deal for XLM.

Stellar Partnerships

KIN is not the only one interested in Stellar, and one of its largest, if not THE largest partnerships include IBM (International Business Machines). And, while this partnership is not exactly new, it is very beneficial, especially after the announcement came that both parties will team up with Veridium Labs. This team-up was proposed so that the carbon credits can be introduced. This will represent the first token for IBM, and it will be on a public network. That being said, it will still not be available for public use.

Additionally, Stellar is also a crypto chosen by BloomX, and the plan that BloomX came up with includes providing an online platform for Money Services Businesses. The reason why they have chosen to work with XLM on this is that it is simple to use, extremely scalable, cheap, and very fast. So, following the integration, XLM will actually be the one who will process all of the transactions coming in and out of BloomX. Not bad for a crypto, especially the one that wasn’t under the microscope like some of the bigger ones out there were.

What will happen to XLM price?

Considering the ups and downs of the market this year, which were more often and stronger than ever before, it is relatively difficult to determine which crypto will come up on top, and which ones will disappear. Even so, Stellar is not going anywhere anytime soon. This is the coin that has actually managed to endure the market’s sudden mood shifts quite well, and many believe that the new progress will allow it to climb up to $1 per coin by the end of the year.

Additionally, there is always a chance that cryptos will advance in their fight to conquer even faster, and that the most countries will start turning towards them sooner, rather than later. This might help increase XLM’s price even further.

The fact that Stellar’s price is currently low is something that should be taken advantage of, especially considering that a lot of experts truly believe that it has a potential to reach $3 soon enough. It is true that you can never know what will happen when it comes to cryptos, but if Stellar’s new partnerships and stability that it has demonstrated can indicate anything, it is that this digital currency is strong and capable of enduring even the harshest of times.

For the latest cryptocurrency news, join our Telegram!

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 Pexels

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

on

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…

Continue Reading

Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

Published

on

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…

Continue Reading

Altcoins

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

Published

on

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…

Continue Reading

Press Release