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Verge vs. Stellar: Partnerships will decide everything for cryptocoins in 2018

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Verge vs. Stellar partnerships

After the crypto-coin market plunged recently it was expected to bounce back, but this market rally has not become a reality yet, and Ethereum remains under $700 while Bitcoin is under $10k. That’s been below expectations even if many other cryptocurrencies have been going consistently up.

Among this chaos, there have been two cryptocurrencies that have been showing a lot of promise, especially after April 17th: Verge (XVG) and Stellar Lumen’s XLM (XLM). It was on that day when XLM began to rise in value slowly but steadily, and it’s now among the top ten coins (it’s bigger than Litecoin now, which is no small feat.)

XVG’s fortunes have not been as good, as it seems to be declining. It dropped forty percent in value in just two days while most other altcoins were growing.

Stellar (XLM) vs. Verge (XVG): It will be all about partnerships

Global adoption is the name of the game for all cryptocurrencies and both Verge and Stellar are among the ones that have recently taken steps to achieve that goal.

XVG’s features are spectacular. It guarantees privacy in a way that mainstream users can take advantage of it but also users who just want to remain private. Their primary partner so far is Mindgeek, the company who owns Pornhub and Brazzers. This association with the world of adult entertainment has caused the partnership to be misunderstood. But that deal means access to 100 million potential users (that those sites have), which means XVG can only grow.

Then there’s their deal with Token Pay, which could put XVG over the top ten. While the official announcement is at least a week away, this would put XVG within reach of any debit card user. If it actually works out that way your local bank could soon be offering XVG to you.

Stellar has scored some interesting deals as well. You could argue that Stellar’s are actually strategically better choices that will give them a bigger market very quickly. A deal with MobileCoin recently boosted Stellar’s value, and then with another one with Pundi X, which would give them unprecedented access for a cryptocurrency to many markets in Asia and Oceania.

But those two deals, impressive as they are, pale in comparison with IBM. The technology giant has been a global player for decades already. For them to adopt Stellar’s coin could be enough to take the currency to the world’s top three. And Stellar’s platform has already shown it is beneficial for international financial transactions.

If IBM does its part in the South Pacific regions as it’s done elsewhere, then you will see XLM surge as its demand grows dramatically. It could even overtake Ripple as the cryptocurrency of choice for international transactions.

Verge vs. Stellar current value

Coinmarketcap.com currently ranks Verge’s XVG in 23rd place with a 1.23 billion capitalization. Its price recently dropped dramatically, but it’s recovering. As of May 1st, it was trading at USD 0.082 with a $367 million in volume.

As I write this, it’s increased by 26% (in last seven days), and it’s going back to the top 20. Because of recent good news, this altcoin is expected to keep going up steadily over the short-term. Long-term, it will depend on how partnerships work.

Stellar’s XLM has been performing well recently as well. It’s worth $8.2 billion right now, which means it’s almost a billion dollars ahead of Litecoin. Valued at $0.44, it still has some way to go before it reaches the $1 target they have for the current quarter. The trade volume is much smaller than XVG’s ($125 million), but its value increased over the last week has been in the double digits (14.15%).

Both coins are doing well, but their long-term performance will depend on the job their partners do to make each coin become a global standard. That will also determine which one reaches the $1 price mark first.

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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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Altcoins

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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Altcoins

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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Currency Market

GDA Group Announces Global Fund Management

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The GDA Group, an established North American financial institution fostering the adoption of digital assets and other disruptive technologies, has launched its latest venture, Global Fund Management. The venture will provide simple and secure digital asset exposure for institutional and accredited investors.    

Our mission is to create long-term value for our investors through the identification of strategies that can generate alpha through the new digital asset class, while ensuring to also limit possible downside on any strategy. We invest across alternative asset classes through actively managed hedge funds, trading algorithms, and private equity vehicles,” said GDA Group COO Zachary Friedman. He added that “Global Fund Management looks to outperform the market and take to market the best performing fund vehicles for every niche of the digital asset ecosystem.”

In addition to providing a path for institutional and accredited investors into the digital assets realm, Global Fund Management is providing exclusive insights on a number of fast growing blockchain industry segments such as Decentralized Finance (DeFi), non-fungible tokens (NFTs), and applications in the energy sector.  

Last month, GDA Group organized a quarterly, virtually-held Family Office Summit.  At one of the largest gatherings of private wealth this year, the GDA Group and dozens of other global blockchain…

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