The cryptocurrency market seems to be going down one more time, but actually, that’s something not that worrying considering the fact that cryptos always find a way to go up again. The behavior of the virtual coin industry is always fluctuant, a point of which many take advantage of and play some great cards while there is an opportunity available.
That can be especially the current panorama in the industry. While many are worried about what’s the fate of the cryptos leading the charts, others are thinking strategically and are taking a close look at the best tokens to put their bets on. If that’s your case, then you don’t need to worry that much, following we will recommend you the best 3 cryptocurrencies to exploit while the market is being a little shaky. Let’s take a look!
The TRX token has been a lot under the spotlight lately, and nothing is more accurate than that. This is definitely a coin to watch, it managed in just a couple of months to triple its price from the $0.03 against the USD to the number of $0.09 the unit, and that’s not even the highest value reached by the coin.
Besides, the CEO of the company, Justin Sun, has been working tirelessly building up a robust platform, as well as solid partnerships with some of the most relevant financial companies. Like this, it has managed to create a network highly scalable and secure.
The company is about to launch its Mainnet at the end of the month, and this change promises great possibilities such as migrating from Ethereum protocols. As the company unlinks from Ethereum, it is expected to gain value in the next days. The current price of the token is $0.070 per unit, but the experts forecast the value of the coin reaching the $2 or even more in less than five years. The same way, Justin Sun himself has said he expects the token becomes a top 5 crypto shortly.
The EOS token is moving fast in the crypto market; in fact, it recently took the well-valuated position of the 5th place in the top 5 chart of cryptocurrencies. Ever since the coin was launched in the market, it has shown an astonishing behavior, a fact that started with the deployment of an airdrop that slingshotted the token to the value of $5.5 against the US dollar.
Just like Tron, EOS will launch its mainnet very soon, having the launch of the update on June 2, the day on which the ICO will be finally closed. The current price of the coin is $13.2 per unit, with a +4% increase in the last 24 hours. However, it is expected that the currency starts a bullish movement right after the launch of the mainnet.
Finishing the list, we have Litecoin (LTC), a token that despite being currently suffering a dip still has so much to promise to its users. Recently it was announced that the coin would be added to the lists of the exchange platform Gemini, one of the most critical exchanges at the moment.
In addition, the platform for free transactions, Abra, showed its support to the coin not so long ago, a fact that would grant the token with an appearance on the Abra net. Currently, the coin is valued at a price of $138, and it has decreased in value by 0.88% in the last 24 hours, occupying the 6th number in the charts right after EOS.
Even though the coin shows some bearish movements in the last days, experts forecast it may be hitting the moon with a rise in the coming months. And not just LTC, each of the coin featured in this article is expected to hit the moon soon now – so current market-fall is a good chance for strategic crypto investors, it’s the high time for investors to bet on these!
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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
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…