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TRON (TRX) Surges by 20%

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TRON

A number of cryptocurrencies have seen a lot of positive development in early 2019, with most of them experiencing significant gains, followed by mild drops, only to start gaining more value once again. TRON (TRX), for example, has just recently surged by as much as 20% within 24 hours.

TRON has made a lot of progress in 2018, from launching its MainNet to benefiting from popular new dApps and announcing massive projects such as Project Atlas. In the meanwhile, the coin entered more partnerships than anyone can count, and new announcements of listings are constantly coming.

Its market cap is also rising, and after spending months ranked as 11th largest coin, TRX has recently started to move up the list. The real progress was made after it managed to enter the top 10 list, and after that, within only a few short days, TRX managed to rise to the 8th spot, which it holds at the time of writing.

This was a significant milestone for TRON, not only because it climbed so high up the list, but also because its market cap surpassed $2 billion.

Meanwhile, TRON’s creator, Justin Sun, continues to publish important announcements via his Twitter account. Recent examples of important news include submitting the proposal that will allow TRC-10 token transfers in smart contracts, which is expected to go into effect on January 11th, new milestones hit by TRON dApps, new listings, and alike.

TRON grows while the crypto market trades in the red

The new price surge might be attributed to these successful moves, which have finally impacted TRON’s price as well. This is a clear contrast to last year’s situation when TRX made some very important moves which made countless headlines, but its price never moved in any significant way.

At the time of writing, TRX is valued at $0.031183, according to CoinMarketCap. Its the market cap is just over $2 billion, while its daily trading volume sits just below $700 million. The current growth originally started on December 17th, and it kept on growing ever since this day. The holiday season has slowed down this upward trend by a bit, but it never discouraged it from continuing to rise.

Many were hoping that this would be the case in 2019, and while a lot of coins did start the year trading in the green, nearly all of them are currently losing value, with TRON and a handful of other coins being exceptions.

As for TRON’s plans for the future, most of them revolve around completing the projects that were started in 2018, developing new dApps, and continuing with the coin’s expansion in regards to partnerships and exchange listings. While the current growth seemingly came out of nowhere, many would argue that it was long overdue, and TRON community members seem to be optimistic regarding the coin’s future.

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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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