Like poetry, the current news coming out about Po.et (POE), a small but sturdy leader in the content-licensing space that sky-rocketed over the last 24 hours, is music to the ears of it’s hodl’ing believers and newest investors alike. The altcoin shot up over 40% today, recovering lost ground after a heavy blow was handed to this unlikely hero of the cryptocurrency market. After a steep drop, the market has made its first clear sign of a comeback as many of our favorite altcoins begin digging out from the hole they found themselves in over the past week.
But not many of the coins available on your favorite exchange are performing as well as Po.et (POE) when comparing the change in price as a percentage over the past twenty-four hours. And many believe this is just the beginning.
What is Po.et (POE)
Po.et (POE) is a shared, universal ledger that tracks ownership and attribution for digital creative assets. Utilizing the blockchain, Po.et bridges publishers and content creators, reclaiming value and eliminating middlemen in an otherwise controlled third-party space. With the ability to verify content or discover new content, the system of attribution created by Po.et’s (POE) development team is truly transparent.
Po.et (POE) helps content creators to license their material while helping publishers to verify the authenticity of content before publication. As content is typically verified piece by piece, publishers have in the past relied on legal staff to filter suitable material from the creative works sent to them. Po.et (POE) has designed a verifiable, immutable timestamp secured by the decentralized nature of the blockchain.
Po.et’s (POE) Growth
Sitting below US $.03 just over a month ago, Po.et (POE) skyrocketed with the coin market-cap, that touched somewhere over US $750 million just over a week ago. And while the team behind the scenes of this otherwise lyrical cryptocurrency-community kept quiet, an air of expectation spread over the (then much smaller) community of believers that chatted infrequently on our favorite social media sites. Seemingly out-of-nowhere, the volume of trades in Po.et (POE) increased, forcing investors to take a closer look at the content this little altcoin was creating (and licensing) on the blockchain. Before long, the influx of cash into the entire altcoin space flooded into Po.et’s (POE) coffers, and into the wallets of the early hodl’ers of this fantastic tool in the publishing industry.
What Explains the Current Run?
Po.et (POE), a usable and undervalued cryptocurrency, has retained a many of the investors it gained during the December/January bull-run, ending over the past week. As frightened investors sold their holdings in order to retain their gains during the hit that all coins took, many immediately jumped back in at the now lower price-point, recognizing the utility of the token, and the potential for its future.
Many of Po.et’s (POE) more conservative investors stayed the course, holding-on-for-dear-life with a belief in this coin that inspired confidence not only in PO.et (POE) but in the entire cryptocurrency market. We should all now realize what the believers surrounding the Po.et (POE) community have known all along: The potential for further gains from this small crypto-darling are undeniable.
Firmly rooted in the ‘Rosetta Era’ (a term describing the release of their Po.et Test Net in-line with their roadmap), investors lining up to purchase the token (POE), expect a lot more action out of this ‘little engine that could’ before the end of this auspicious new-year.
Po.et (POE) has shown itself yet again to be a mover and shaker in the altcoin space. And with its blend of utility and simplicity, the team stands ready for a new wave of investors to find their way into the now vibrant community of long-term hodl’ers. Po.et (POE) is in this for the long haul, poised to meet the demands of tomorrow’s burgeoning market. And with the current rise of this favorite in the altcoin space, the little green candles ticking ever-upward on our exchanges are simply a case of poetic justice.
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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 coinmarketcap.com
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…