Most digital currency investors know that the crypto market can be quite ruthless at times. Mistakes are hardly tolerated, and never truly forgotten. Altcoins that make the wrong move are very likely to lose a lot of their support, which usually only leads further down the road until they get completely forgotten, and never see the light of day again.
However, this is not always the case, and there are still coins that managed to make a comeback even after everyone thought that they are gone for good. Today, we will check out our top 3 picks for such coins, and see how are they doing today.
1) Dogecoin (DOGE)
Dogecoin is an altcoin that needs no special introduction. If you follow news from the crypto world, chances are that you have already heard of the “joke” coin multiple times. Doge came to be as a meme, but it managed to survive some of the most difficult periods in crypto history. How it did it — nobody knows. However, it likely has something to do with one of the strongest and most supportive communities in the crypto space.
Dogecoin never had extremely high value, and even during the late 2017 price surge, it only ever reached the value of $0.016 per coin. However, after the market crashed in January, DOGE dropped to only a fraction of that value. Its lowest this year was $0.002311, and it was reported just before Dogecoin surprised the entire crypto world by making a comeback in mid-September. Since then, the coin has been relatively stable, with small drops during the last several days. However, it still managed to come back from the brink, which is why it definitely belongs on this list.
EOS is a coin that barely has anyone in the gray area — most people either love it or hate it, with nothing in between. For EOS, 2018 was an eventful year, during which this altcoin made a lot of progress. However, it was not an especially happy year due to some mistakes that it made.
The biggest issue regarding EOS this year happened just after its MainNet was launched in June. Not only was the launch delayed, but the network proved flawed just after the process was completed. So much so, in fact, that it needed repairs within the first few hours of its “life”. While this is nothing scary at first glance, it affected the way a lot of people think about EOS, and the confidence in the project was lost.
Still, the project itself has a huge potential. It has an ecosystem similar to that of Ethereum, but more simple and user-friendly. It is also a great place for developing dApps and creating smart contracts, which has made it popular with developers. In addition, EOS is fast, cheap, scalable, and stable. This is why the project managed to stay alive even after it made its mistakes, and why it is expected to explode during 2019.
XRP may be the project that has suffered the most in 2018, at least when it comes to moves made against it. It certainly attracted a lot of attention, and it made numerous headlines due to controversies surrounding it.
Due to its nature, the fact that the company that created it owns the most of its funds, and numerous irregularities with bad explanations, XRP was a prime target of accusations, lawsuits, and negative press for a long time. Throughout the year, we kept reading about the company being sued, the coin being a scam, potential centralization, the fact that it cannot be mined, and a lot more.
All of this helped to create a very negative picture about XRP, and a lot of people believed that the coin won’t last for much longer. However, XRP managed to launch some of its long-awaited products, and they turned out to be working without any issues. As a result, XRP surged by as much as 20% twice in a span of a few months. On both occasions, it managed to briefly overtake Ethereum as the second largest coin by market cap. However, it was also brought back to the third spot both times, after only a few hours.
Still, this means that Ripple has a lot of potentials, and the company behind it has made effort to prove that the coin is truly decentralized after all. In addition, the situation regarding lawsuits got partially taken care of, and XRP has made quite a successful comeback.
In the end, there is a lot more that XRP needs to do in order to grow to its full potential. However, it is certainly not going anywhere, and it will likely stay high among the altcoins for a long time.
For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!
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.
Image courtesy of Pexels
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…