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Stellar (XLM) and Ripple’s XRP no more the safe havens in the crypto storm



Stellar XRP

The last couple of weeks have seen every single cryptocurrency lose a lot of value, starting with Bitcoin, and there is no end in sight. It’s been nothing short of carnage. But amidst this mayhem, two digital assets held fast. Granted, they lost value too. But their red numbers were written in single digits while every other token down by double digits. We’re talking about Stellar Lumen’s XLM and Ripple’s XRP.

Stellar Lumens (XLM)

It may seem a paradox, but you can make progress even in a market that is going down, and that’s what XLM has achieved. It briefly knocked Bitcoin Cash out of the 4th place by market capitalization. While it didn’t stay there definitely, this is a sign of things to come.

Bitcoin Cash’s hard fork created a hashing war, and it provided airdrops for community members. And yet, it’s gone down from $630 (before the fork) to around $160, currently. This is probably because many users that received coins from the airdrops are now squaring their Bitcoin Cash positions as the market is dominated by sellers.

As things stand, both EOS and Stellar Lumens have market capitalizations that are in the same zone as Bitcoin Cash. The difference between all three of them has been that XLM dropped at a much smaller rate. About two days ago you could have thought it would overtake them in the following days. This is exactly what happened between XRP and Ethereum, and now XRP is a solid second place by market capitalization.

But that’s not the case now. Stellar as gown down even more than EOS and Bitcoin Cash in the last 24 hours as it’s in red by 24%. In the current turmoil, XLM doesn’t really need to grow to be a safe haven. It just needs to keep dropping a lot more slowly than similar assets, which is precisely what’s been happening about 30 hours ago or so (but not now).


As we mentioned before, even in the recent mess, XRP managed a degree of success by becoming the world’s second-largest digital asset by market capitalization, overcoming the legendary Ethereum. It now outranks it by about four billion dollars, so it looks pretty safe in its new second place.

Then there’s the good news. TransferGo announced it would adopt Ripple’s xRapid platform to create a remittance corridor between Europe and India. This platform is fueled by XRP transfers, which creates demand and trade volume for the token.

Additionally, Ripple’s Asian partner, SBI, announced it would use Ripple’s technology to ensure security in credit card operations in Japan. And Mitsubishi also announced that it would use Ripple to settle payments between Japan and its Brazilian partners.

Ripple’s XRP has held fast because it’s proved to have myriad use cases in the traditional financial sector. Those banks who are using Ripple’s platforms and coin are settling international payments in minutes, at the cost of a fraction of a cent, thus giving their costumers better, safer, cheaper service. According to American Express, XRP is saving them around 70% of the costs involved in sending money overseas.

XRP has also managed to build a robust community that will go all the way to hell and back for the currency and the ideas it upholds. But even though it has been holding the grounds quite well, that case has changed now as the cryptocurrency is down by even more than Ethereum. XRP trades in red by 17.51% in the last 24 hours (ETH is down by 15.41%).

Good things happen even in bad markets, and they teach us a lesson. Let’s try and learn from the current bullish run: XLM and XRP are here to stay, and they’re very solid.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and 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.

Image Courtesy of Pixabay.


XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), 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 ( ), 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?



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



Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub ( 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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