Connect with us

Bitcoin

Nexus (NXS) Is One Of The Most Undervalued Coins On The Market

Published

on

Nexus Image

Nexus (NXS) is a top 70 coin right now but we’ve taken a look at the coin and the technology that underpins it and there’s a real chance that this one could continue to make its way up the cryptocoin market cap charts as we head into the first half of 2018.

NXS Daily Chart

NXS Daily Chart

As things stand, NXS is priced at $8.93. At the start of December, the coin went for just $1.50 a piece and a market capitalization of around $83 million. This latter figure, market cap, is now up at $490 million.

Over the last twenty-four hours alone, we’ve seen NXS run more than 90%.

So why do we like this one and what’s coming next?

Let’s take a look.

First up, a quick introduction.

The company describes itself as follows: a decentralized currency project looking to distribute networks fairly worldwide via infrastructure such as cube satellites in space.

Forget that space thing for a moment. It’s neat and a USP (and certainly a good sound bite, given that the company’s founder has ties to Elon Musk) but it sort of diverts the attention away from what’s really important here – that Nexus is trying to basically take what Satoshi Nakamoto put together as part of the original bitcoin white paper and reinvent it so as to make something that’s truly decentralized, isn’t going to run into the sort of scaling concerns that bitcoin has, isn’t going to suffer from the security issues that many of today’s leading coins do and – basically – is a cryptocurrency and decentralized ledger that truly offers what bitcoin promised it might in the early days.

Again, this seems ambitious, and we’ve got to keep in mind right now that this thing is very much at project development level. The coins are available, sure, and the blockchain is up and running (of course, since the coins are trading and can be exchanged) but the real world application of the coins and the blockchain that underpins them is yet to be realized.

For us, however, that’s not too much of a concern.

We could have said the same thing about Ethereum a couple of years ago. Or something like XRP as little as six months ago. These things take time to develop and when you’re looking through the list of tradable cryptos in an attempt to sort the wheat from the chaff, you’ve got to (to some degree) be able to look past development progress and focus on what the successful execution of the company in question’s roadmap might mean for the industry long term.

And with Nexus, when you consider it in this light, it’s a real winner.

We aren’t saying, of course, that readers should disregard the nascent stage of any potential cryptocurrency investment. The less developed a coin or a technology is, and the less active it is fro a community and user perspective, all that sort of thing, the higher the level of the risk any investor is being asked to take on when he or she takes a position.

Combine that with the inherent riskiness of this space as a whole right now and the risk is amplified.

With that said, however, there’s also an incredible amount of reward on offer for anyone that is willing to shoulder a degree of risk in anticipation of their expectations playing out to fruition.

The action we’ve seen in NXS over the last few weeks suggests that there are plenty of traders and investors that fall into the latter category – those willing to take a risk – and this points towards strong sentiment going forward.

The bottom line on this one: a risky play, sure, but potentially an incredibly rewarding one.

We will be updating our subscribers as soon as we know more. For the latest on NXS, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of Nexus

Bitcoin

Wisebitcoin Launches Professional-Grade Crypto Exchange

Published

on

Infrastructure is developing rapidly in the cryptocurrency industry, but the recent launch of the Wisebitcoin cryptocurrency exchange is nonetheless significant in terms of the immediate value it provides to cryptocurrency users. That’s because the exchange has had a beta version available since 2018 while continuing further developments in stealth mode, and already serves over 1.2 million end users with $6+ billion in 24 hour trading volume at the time of its official launch.

In addition to the large user base and deep liquidity, Wisebitcoin also stands out by offering up to 100x leverage to margin traders, with the ability to open a long or short position in their futures market. In the current bullish environment, leverage is a key way that experienced traders increase their exposure and try to profit from volatility.

For example, if a user opened a long position on ETH on January 2nd at a price of $750, they could have greatly multiplied their profits with even a small amount of leverage such as 5x as ETH reached over $1,100 within 48 hours. A simple unleveraged position would have netted $350 in profit, but a 5x position would have netted $1,750 and a 100x leveraged position would have netted an incredible $35,000 in profits from an initial investment of just $750. 

Beyond leverage, Wisebitcoin additionally offers a simple and…

Continue Reading

Bitcoin

ISW Holdings Continues to Transition Cash Assets into Bitcoin with $20K Purchase Ahead of Mining Launch

Published

on

By

ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company, is pleased to announce that it is in the process of converting $20,000 of the Company’s cash holdings into Bitcoin. The Company also announces that it will be regularly conducting similar transactions on a quarterly basis to convert a percentage of cash flows into Bitcoin.

Management expects this transaction to be completed this week. The Company began transitioning cash resources into Bitcoin with an initial transaction in March 2019 at approximately $4,000/Bitcoin.

“We believe in the future of Bitcoin and digital payment systems, and cash represents an unproductive asset given the degree of monetary expansion, stimulus, and debt dragging down traditional currency systems,” commented Alonzo Pierce, President, and Chairman of ISW Holdings. “We are also on schedule to launch mining operations through our Pod5 solution at the Bit5ive renewable energy project by the end of January.” 

The Company formed a joint venture partnership with Bit5ive, LLC, (“Bit5ive”) in May to build and deliver an elegant, powerful, and efficient data center pod design. The Proceso Pod5ive Datacenter is the result. Designed in partnership with Bit5ive, and geared primarily for the cryptocurrency mining industry, the Proceso Pod5ive Datacenter offers next-generation dynamic self-management functionality, plug-and-play operation, virtually non-existent maintenance needs, and an industry best-in-class 1.06 Power Usage Effectiveness score.

The Company’s first mining pod is set to…

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