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Verge (XVG) Spikes Again, but Decides to Go Against the Trend
The crypto markets went red yet again, and Verge (XVG) experienced another spike.
The Q1 of 2018 saw many changes in the crypto world. A lot of cryptos gained an unimaginable popularity, but it seems that not that many of them reached the same heights as Verge (XVG). The prominence of this coin has helped a lot, and despite the fact that the market saw some troubles in April, XVG still managed to grow.
The rise of Verge
Asian trading saw an increase in XVG for up to 11%, which made it reach around $0.075. The last day brought quite a big pickup when it comes to its volumes, considering that verge started the previous month with its value being at $0.04.
Another interesting thing is definitely the price when it comes to Bitcoin denomination, which went close to 1,000 Satoshi. XVG managed to stay as one of Binance’s biggest trading assets, with its rank being among the top 5. EOS and TRON did experience quite a boom as well, which helped them get ahead of XVG, though.
Verge is currently trying to stabilize its position and make it credible and solid. The next biggest event that might bring some changes here is an Amsterdam-based meetup. This is also the city that is showing a lot of potential and crypto-friendliness.
As for the Verge project, it has experienced setbacks as well. Some of them are discounted, some are even completely forgotten. However, there are also a few that are seen as reasons to doubt the project. XVG’s hype and volatility, for example, are seen as a very off-putting feature of this currency. Despite the fact that this is something that more experienced traders can benefit from, newcomers might be seriously damaged by it. The large difference in volumes is also something that is not desirable.
So, what is happening with Verge?
There are many who think that the activity of Verge is largely exaggerated. Things like concerted pumps or even the use of bots for such matters are not unheard of these days. This is especially convincing when periods of extreme activity are followed by entire weeks of nothing regarding the organic growth.
However, there are other analysts who believe that Verge is one step away from another breakout. They think that this is something that can be expected to follow after the recent price growth.
For now, XVG is planning to launch a new debit card which will allow the asset to be spent. This is also expected to bring some positive developments to the currency, which currently remains somewhat subdued. The price is mostly down due to the lack of buying. Since the volumes regarding both, selling and buying, the price seems to be stable, which discourages users from buying more.
When it comes to digital assets, Verge is one with a pretty low price, which can be attractive for those who believe that a massive increase will come. So far, it has shown the ability to go up to $0.26, which happened in December, but since then, it crashed like all the other cryptos, with its price finally stabilizing at the current value of $0.07.
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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.
Image courtesy of Amir Kbah via Flickr
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. One of the ways to have a successful…
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…
Altcoins
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…
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