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TRON (TRX) Settling Down Within the Top 10 Cryptocurrencies

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Tron (TRX)

For a lot of people within the crypto community, TRON (TRX) represents an example of how a cryptocurrency should develop. Indeed, in 2018 alone, TRON has gone from being an ERC20 token to launching its own MainNet, numerous projects, dApps, and even other tokens that were created on its own blockchain.

During that time, however, the coin’s value remained mostly unaffected, except when the bearish market would bring it further and further down. However, the coin’s value and its inactivity is only the surface situation. Underneath it, this is one of the busiest coins on the market.

Thanks to its “killer dApps”, TRON has managed to achieve new records when it comes to the number of transactions per day, week, or month. The coin’s trading volume has also reached quite impressive heights on occasion, even beating Ethereum. Furthermore, its market cap is currently at $951 million, which brings TRON very close to the $1 billion-club.

For now, the coin remains in 10th position on CoinMarketCap’s list of largest digital currencies, with Cardano (ADA) being only one step behind, and Bitcoin SV (BSV) standing in the way.

Many in the crypto community have criticized TRON’s creator, Justin Sun, for bringing too much hype to the coin through his constant tweets. According to them, Sun has built TRON on enthusiasm alone. Whether or not this is true is still a matter of debate within the community, but the fact is that TRON is advancing rapidly, especially in terms of projects and partnerships.

It already has a very popular betting dApp, a game that relies on TRX, as well as its own DEX. Furthermore, its mainnet currently has over 900,000 active users, according to Justin Sun’s recent announcement.

Despite the low price, TRON seems to be doing rather well in terms of popularity and usage, which is what is keeping the project among the top 10 cryptocurrencies. In fact, some even place it among the top performing coins of 2018. However, the matter of its actual value remains debatable.

According to predictions, TRON’s value is going to continue its gradual drop over the next few years. While these predictions are not accurate, they are based on the coin’s behavior so far. However, it should be noted that the crypto market still remains unstable and that the situation can change, for better or worse, at any time.

The fact remains that TRX remains among the most heavily-used coins, with a current daily trading volume of nearly $89 million. In combination with its 39 active dApps, TRON doesn’t seem like the project that will lose support anytime soon.

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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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