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Stellar (XLM) poised to see massive gains next year, here’re the reasons why

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Stellar

Have you seen Stellar Lumen’s (XLM) logo? It’s a rocket heading for the sky.

It just so happens that Stellar Lumens has been gathering a lot of momentum over the last year, so next year we could really see its native token (called XLM) reach for the sky and beyond. In this article, we tell you the reasons why.

Interstellar

This is the result of a partnership between Stellar Lumens and Chain, which already boasted a lot of important partners such as NASDAQ, Citigroup or Visa.

It’s the for-profit arm of the Stellar Lumens project, and they’re already working with Chain’s partners in applying the blockchain technology in many different ways such as decentralized, smart information systems and payments across borders.

The rise of the Security Tokens

Many blockchain projects have financed themselves through ICO’s. This practice may disappear soon because it creates all kinds of problems with financial regulations in many countries around the globe. The new alternative will be the SCO, which will be based in “security tokens” that already exist and can be circulated at once. This gives Stellar an important advantage over other tokens.

IBM

Not enough is said about IBM and Stellar. IBM has a lot of interest in blockchain technology. They are currently pursuing more than 500 blockchain projects around the planet, and their blockchain of choice is none other than Stellar Lumens.

If that wasn’t enough, one of Stellar’s use cases is to eliminate friction from international transfers among banks, and IBM is already working with about 90% of the world’s banks in one way or the other. This gives Stellar a privileged position when it comes to securing partnerships in the financial world.

Starlight

Starlight is an instant payments channel. It’s deployed over the Interstellar network, and it uses XLM as a mediating currency to settle payments across borders. It’s quick, it’s safe, and it charges no transfer fees. It’s Ripple’s worst nightmare. This service will increase demand and usefulness for the XLM coin which, in turn, will drive its price up in exchanges.

Stellar X

It will be a new cryptocurrency exchange that will feature several innovations. First of all, it’s going to run on the Stellar blockchain which means it’s going to be 100% decentralized, which is not the case yet for most exchanges and trading platforms.

Second of all, it will probably adopt XLM as a base currency which will create demand. But even if XLM is not the base coin for the platform, it will earn a lot of attention that will also create demand.

Bakkt

This is one of the most interesting projects in the cryptosphere, and it could go live as early as next week (but don’t quote us on that).

This will be a cryptocurrency exchange created by a partnership between Microsoft, Starbucks, and ICE (which is the New York Stock Exchange’s parent company). You don’t get much bigger names in the world’s capitalist economy.

Bakkt will offer several financial services based in several cryptocurrencies (mainly Bitcoin), but its main aim is to take advantage of digital assets in the real world. In other words: Starbucks wants you to be able to pay for you latté using your bitcoins.

While this is not a development exclusive to Stellar Lumens, as are the others above, it will give the cryptosphere a lot of momentum, credibility, and usefulness, and Stellar will profit from that more than other coins because it already has many proven use cases.

So keep an eye out for Stellar Lumens (XLM) next year (and beyond, of course). You might just be surprised.

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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

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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…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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…

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

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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…

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