SNT, otherwise known as Status coin, might be a small coin. But, with over a thousand of different tokens available on the market, small coins may mean big opportunities. In case you have forgotten, Bitcoin used to be “small” as well – and look at it now! Bitcoin reached a price so high that people are actually losing big money every time this coin experiences a decrease or two in a row. To keep up with SNT and opportunities behind it, we are writing up everything you need to know about this digital token.
A couple of words on SNT
Before investing in any coin, always make sure you know what you are investing in – that is after all why it is always good to know what coin you are dealing with. The main idea behind SNT is establishing easy communication between two parties. SNT is actually a part of Ethereum network and it serves its purpose for allowing all members of Ethereum that are using this token and its application to easily communicate. Within SNT all members have full access to chat options, messaging, making transactions and easily communicating.
So, instead of choosing to go for WhatsApp or another similar app, you can fully rely on using SNT for chatting or messaging with the Ethereum platform.
As you already know, Ethereum is one of the leading platforms with different tokens supported within this decentralized ecosystem. Having SNT existing within this platform and being used on Ethereum probably adds to the value of this coin.
What makes Status stand out from classic messaging apps such as WhatsApp, is its encryption and safety. Since SNT is fully encrypted, existing on top of Ethereum’s blockchains, this token is everything you need for establishing privacy within your favorite decentralized platform.
As a great addition, SNT has peer-to-peer protocol and it is also planned to enable working with smart contracts within this token and its neat interface. The interface is made to be user-friendly, so you are able to access and browse information on all your transactions as well as having the option to chat and send messages to the chosen parties.
SNT: Sell or Buy?
Definitely, buy! Status is one of those small coins that still have the potential of becoming one of the few coins that could be worth a lot. This is especially the case if you add the fact that this token exists within Ethereum. That fact definitely adds up to its value.
With all announced features SNT developers are planning on incorporating, this token could potentially hit the price of 1$ by summer 2018. In case the changes are applied soon, with having all those changes functioning properly, this jump in price might occur even sooner.
The thing that makes a coin desirable might probably be its features as a primary source of interest. If you know that a coin could allow you to make fats transactions while at the same time being able to access easy and real-time communication, your attention is probably bought!
The second thing that might buy your affection and make you buy a coin is its functionality – if a coin is working properly, with no loops or bugs hidden somewhere in its blockchain base, then that coin might be worthy of attention.
SNT most definitely has a promising background that makes us conclude that now is the perfect time for investing in Status.
Another thing that makes this coin a great investment is its price – the price is still low, going under 0.2$, so you can easily buy lots of these at a fair price and hope that then predictions for SNT will turn out to be true.
What Could Happen to SNT?
As it is now, SNT is doing pretty well. Yesterday, on February 5th, this token traded on all major exchanges at the price of 0.21$. After having a selloff, this token is now worth 0.18$ after having a decrease of -13% against the dollar.
As far as the price against ETH and BTC concerned, SNT has experienced increases against these two currencies, having been increased for nearly 2% and 6.8% against ETH and BTC.
The decrease probably represents the result of having SNT being widely sold, but still, this coin is doing pretty well with only a single decrease in the past couple of days.
If anything, the latest price makes this coin even easier to purchase within bulk investments.
Also, you need to remember that the market demand also dictates the price of a coin, so the more people are buying a certain coin, the greater its value is. If you take into consideration that this coin is a part of a greater more stable network, Ethereum, adding all plans the developers have for SNT, this coin might soon become one of the most promising coins currently circulating the crypto market.
To conclude the story about Status Network, SNT, if you are planning on investing in this crypto token, it’s better to do it now than late.
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.
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…