If you like to keep updated with cryptocurrency news, you already know that everything everybody has been writing about for the past seven months is the current bearish market. It’s slow, most coins are losing value, and there is no end in sight. But is a long bearish run such a bad thing?
I don’t think so. If you’re going to make any money out of cryptocurrencies (assuming you’re not mining any or own a bank) it will be by buying low and selling high, and nothing brings prices lower than bearish markets.
In short: the current market affords us all the opportunity to buy as many cheap tokens as possible, and hold them until the next bull comes. This takes a bit of research, discipline, and patience but if you have those qualities, you’ll find a way to make today’s market work for you, say, a year from now. I show you five coins that could be the way to go.
The Stratis blockchain project and its token (STRAT) have a very low profile within the cryptosphere, yet, it’s a coin with immense potential and fantastic room to grow. It’s currently trading at 1.65 USD, but not too long ago it reached heights of 20.89 USD. The project’s and asset’s lack of fame make it an especially good opportunity because you can find a treasure that nobody else is looking for.
It’s a robust project that aims to make blockchain adoption as painless as possible for both developers and partners, and it’s currently working on making its blockchain available in mobile devices. Bitcoin has shown us many times over that fame does not equate performance, so don’t make the mistake of ignoring Stratis just because it’s not in the news all the time.
It was the best coin last year, and this year, it’s cheap (around 0.35 USD now after the latest bear run). Ripple is probably the most finely focused blockchain project in the world, and it’s recruited a lot of big players in the global financial industry to go along with it. And now, it’s also a consumer currency that can be used by retail users. When the market leaves behind its current depression, XRP will be one of the coins that will lead the charge.
Stellar Lumens’ XLM
Backed by IBM, Stellar has been gathering a vast amount of new partners that will make XLM a currency that is useful for all kinds of institutions and persons. It was the only token that grew in price during last month, but it’s still very cheap right now (20 cents at the time of press). Stellar is Ripple’s direct competitor, which is hardly surprising as both projects were founded by Jed McCaleb. It’s promising, it’s growing, it has real-life value, and it’s undervalued. It’s an excellent opportunity.
Cardano is one of the world’s respected blockchains, and ADA is one of the best performing tokens because of the reputation they have achieved through an adamant commitment to scientific principles and peer-reviewed research. In this project, the emphasis is on reliability and innovation.
Nothing is ever rushed, and any Cardano technology is deployed only when it works perfectly. It’s been involved in zero scandals. And it’s also cheap. The main reason to trust Cardano and ADA is, quite simply, that they will certainly won’t slip, whatever comes.
You’ve probably not read a lot about DigiByte. Well, let’s start from the beginning: it costs less than three cents right now which gives you the chance to buy a lot of tokens with very little money, that in itself, is worth considering. It’s been a very innovative project, if low-profile, and it presents its technology as faster, more secure, than any other.
It’s been around for four years already, and it’s managed not just to survive but to be a stable presence and value in the cryptosphere. Like in the Stratis case, the lack of bells and whistles shouldn’t deter anybody from considering this asset seriously.
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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.
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
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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…