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What You Need to Know About Stellar (XLM) Price Prediction

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Stellar

As a platform that has been created to allow for the swift transfer of digital assets, Stellar has had a good track record and boasts of potential growth going forward. The XLM cryptocurrency currently stands at the 8th position in the market according to CoinMarketCap, with a market capitalization of about $7 billion.

For the uninitiated, Stellar Lumen was founded in early 2014 and is governed by a non-profit organization as an open source platform. Any crypto enthusiast will tell you that Stellar is a must-have coin on your portfolio and for a good reason, the cryptocurrency has been on the up and up with a gain of over %900 percent in the last year alone. At its current price around $0.40, Stellar XLM is without a doubt one of the most affordable coins on the top ten lists on CoinMarketCap.

But let’s face it, no matter the price of a coin, all an investor needs to know is whether there is a chance for significant gain either in the short or long term. Here are a couple of price predictions that you should know about.

2018 Stellar’s (XLM) price predictions

Although price prediction in the crypto world is a dime a dozen, there is something particularly special about what the predictions surrounding Stellar have to say. First of all, you need to know that Stellar and Ripple are pretty similar in their methodology.

Apart from the fact that they are built on Blockchain principles, they also have a similar target which is the large banks and financial institutions.  By this reason, a good number of the prediction have compared Ripple’s price to Stellar with most saying that the price of XLM will soon hit the $1 mark.

In fact, stellar has made huge advancements with partnerships that include companies like IBM that have agreed to provide this Blockchain startup eight anchors for its Stellar network to boost efficiency. Keep in mind that IBM is already on track to build over 50 Blockchain applications.

With that being said here are some top predictions that will give you a deeper insight into where Stellar (XLM) is going.

Prediction from Altcoin Forecast

Altcoin forecast is a top firm for altcoins price predictions and predicts that Stellar’s price in relation to Bitcoin’s value will go as high as 0.00004744 BTC in the short term with a long-term prediction of 0.0002 BTC per XLM.

Predictions from EFA (Economic Forecast Agency)

If you are looking for metrics that count, then the EFA offers predictions backed by a sophisticated algorithm that is just right. This firm has a detailed report on Stellar’s price prediction estimated to hit the $1 mark in the next 4 years.

Predictions from WalletInvestor

If 4 years is not as exciting, then you might love what WalletInvestor has to say about Stellar’s price in the future. This firm carried out a market price analysis and concurs that Stellar’s price will grow in 2018. However, their analysis indicated that the $1 mark will be achieved by 2021 especially if the price ends at a value above the $0.5 mark by the end of the year.

To wrap up

Although currently there is a market price correcting that has seen most (if not all) altcoins (Stellar included) shed a few of the gains they have been making in the past few days, there is still hope for Stellar’s price to go up. Obviously, it’s always a good idea to “but the dip “in any market and if you ask any savvy investor, they will tell you that now is the right time to jump in.

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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 Carl Jones via Flickr

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. One of the ways to have a successful…

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Altcoins

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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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…

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