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.
— Justin Sun???? (@justinsuntron) December 18, 2018
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
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.
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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.
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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%.
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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.”
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