With dozens of different digital currencies, among which there are over 50 promising cryptocurrencies that are experiencing a prompt and certain increase in value, it can be difficult to follow up with all the digital coins worthy of your attention.
This time our spotlight fell on UnbreakableCoin, a three-year-old digital currency with a bold name, which is now worth in total of marvelous 80 million coins.
Given the fact that this currency is only three years old, crafted and launched in 2014, UnbreakableCoin seems to have a bright future on the digital coin market. As we share the opinion of the general public as well as the enthusiasts’ and traders’ that see future in this digital currency, we are focusing on discovering everything there is to know about UnbreakableCoin.
What is UnbreakableCoin?
UnbreakableCoin was created in 2014 and launched that same year by its creator Jim Blasko. Blasko’s idea was to make a digital currency to join the market of crypto coins, but his intention wasn’t only to launch a digital currency and see what happens with it – it seemed that he planned out for his coin to be as close to its name as possible, making it unbreakable. No coin is unbreakable, as we witnessed downfalls and hibernations of significant currencies as well as small in the last week of December.
What Blasko had the main idea behind this cryptocurrency was creating a community that would be unbreakable. He wanted to have a healthy community compiled of people who are sharing the same interest – having UnbreakableCoin running and stable. The Unbreakablecoin community uses this blockchain technology-based digital coin for auctions and transactions, making this currency’s total net worth of 8o million coins, which is an excellent result for currency that is not as popular as Bitcoin, Ethereum or LiteCoin.
The “It” factor
Every successful coin has something that makes it stand out from the crowd; otherwise, it wouldn’t grab anyone’s attention in the sea of hundreds of different digital currencies currently circulating the market. The “It” factor of UnbreakableCoin is exceptionally profitable mining.
Miners find this cryptocurrency very interesting and favorable because unlike Bitcoin that is off for mining already at the end of 2017 given that its value has dizzily increased, with over 3$ worth in value when translated to dollars, miners can get flattering profit from mining this UnbreakableCoin.
As the currency is based on blockchain technology, all miners just as with Bitcoin mining, have to solve an equation – a puzzle if you will – and once that equation is solved, the chain is completed, and the miners are awarded. By finishing one chain and solving the equation, miners are getting 50 UnbreakableCoins per one completed chain which is more than desirable.
Favorable mining conditions are thus maybe the number one reason the community of UnbreakableCoin seems unbreakable. You can find all info you need on mining on their official site. There you can join several different mining pools via available links and start mining.
Surviving the Drop
As you know, over 50 different cryptocurrencies have experienced an increase in value, jumping from 100% to over 600% in the course of the first few weeks of December. But the last week of the year of 2017 might have come as a surprise for investors as many of those coins also experienced a drop in value.
UnbreakableCoin wasn’t immune to the drop either as the value of this coin dropped at -3.71% on the day 28th of December although it had experienced a massive increase only a few weeks before.
Before the drop in the last couple of days of the current year of 2017, UnbreakableCoin experienced a massive increase of its value, which was marked as almost revolutionary when it comes to value increase for digital currencies
Over the course of just a week, this coin has managed to jump up for magnificent 700% of the increase, and in three months, this digital currency experienced value increase of over 1000%, switching from trading for 0.2$ to 3.2$ per one coin. That means that at the time the Unbreakable coin was at 3.2$, the total worth of this coin was 256 million dollars. Not bad for a three-year-old currency, right?
Now that UnbreakableCoin suffered the drop as well as many other currencies, it carries a value of 2.4$ per one coin. The question is whether the next year would be favorable for this and other digital currencies that started to drop.
Will it last?
Having an increased rate of 1000% in the past 90 days says a lot about this currency. Even though UnbreakableCoin was one of the droppers in the past few days, if you take a look at big boys like Bitcoin, you can’t conclude that this occasion represents a treat for its general value and appreciation. There are a lot of miners working with this currency, and the net of this coin is still worth about 200 million dollars in total, so the drop of -3.75% seems and it is insignificant when compared to the increase this coin has experienced in the past month.
Its stability implies that this cryptocurrency is here to stay, so in case you are holding some of these in your wallet, don’t give them up. In case you are an experienced miner looking for a great opportunity or you are just starting out with mining, experts surely recommend this currency as one of the top prospects for miners who are looking to earn some profit with 50 coins being awarded every completed blockchain of UnbreakableCoin.
We will be updating our subscribers as soon as we know more. For the latest on UNB, sign up below!
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.
Image courtesy of Miguel Librero via Flickr
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…