Every cryptocurrency investor aims to pick the best coins, and then buy as many of its units as possible. Of course, this is easier said than done, since nobody knows the future, and nobody can tell which coin is truly a safe investment. However, for those deeply familiar with the market, various projects, and possible trends of the future, it is still possible to make a decent educated guess.
While there are numerous coins that show promise, we will only talk about three of them today. Even so, these are the coins that are currently very cheap but have the potential to change this in the future. If this turns out to be true, obtaining them now and holding on to them would be extremely beneficial.
1. Bitcoin (BTC)
You might be surprised to see Bitcoin on this list, but with the current situation, it only makes sense. Bitcoin is the number one crypto that has already survived numerous market crashes and difficult periods, only to emerge stronger than ever each time it bounces back. However, during said market crashes, its price was known to reach huge depths. These periods, however short or long, have always been a perfect time to buy BTC coins for cheap, and then wait for the price to correct itself.
We have already witnessed Bitcoin’s capabilities and potential when it reached $20,000 almost a year ago. It managed to resist the bear market’s attempts to bring it below $6,000 for most of 2018. Then, it took a crisis within its own ecosystem to take it down by an extra $2,000. This is where BTC is sitting now, at around $4,000 per coin, after all of that. It is definitely resilient and tough, not to mention cheap. If its supporters are to be trusted, this situation will not last for long, and BTC will skyrocket again, as soon as the BCH situation stabilizes once more.
EOS is another well-known project that needs no introduction. For a long time, EOS has been aiming to take over Ethereum and replace it as the number one smart contracts & dApp developing project. While ETH has held its ground for an impressive amount of time, there are many who believe that its imperfections will eventually be the cause of this replacement.
While EOS is by no means perfect, it is more advanced than Ethereum, which is something that most people agree with. Ethereum has been popular due to the fact that dApps can be created for cheap, where EOS charges slightly more serious prices, which ensures that only the most serious and dedicated projects choose to be based on its network. In case that EOS does replace ETH as many expect it will happen, its price will likely skyrocket and make huge returns on each investment.
The biggest issue in this plan is time, as investors need to be patient and allow the market (and these projects) to mature, and find their rightful place in the world. This is a process of settling that will maybe even take a few more years, but strong coins like EOS will likely survive them, and emerge stronger than ever on the other end.
3. Basic Attention Token (BAT)
BAT is one of the projects with a lot of potentials, as it aims to change the way companies interact with their consumers. When you think about the future, a lot of things are uncertain, subject to change, and are depending on uncertain conditions. However, there are also things that will never change, and one of them is the fact that large companies will always depend on their consumers in order to stay in business.
This is why each of them has to spend so much of their resources on marketing. In the age of the internet, most of their marketing campaigns revolve around online ads. However, these ads are mostly annoying to consumers, and so they use ad-blocks and similar tools to get rid of them. This is bad for the companies, as their voices get silenced. However, the middlemen, such as popular websites, social networks, and alike, still get paid for displaying those ads.
In short, consumers are annoyed, companies spend money on ads that are rendered invisible, and the middlemen get all the money. This is where BAT enters, in pair with its Brave Browser. The browser is automatically blocking these ads but is also rewarding its users with BAT tokens for choosing to watch them by their own free will. That way, companies can get in contact with consumers directly, and get the best feedback, while consumers get to see ads that actually interest them, provide an opinion, and make a profit while doing so,
The system has a lot of potentials, and will likely become big within a year or two when this idea matures and goes mainstream. When that happens, BAT will likely go quite big. Coinbase recognized BAT potential months ago, and they already added it to their exchange, which is further proof that the project likely has a bright future ahead of it.
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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.
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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.
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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…