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What’s the Status on Status (SNT)?

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Status

Status (SNT) might not be one of the most talked-about coins in the market but it has surely been doing a great job with collecting gains during April of 2018. Being Ethereum’s browsing tool for searching and making payments, on the side of representing a messaging application, Status caught our attention due to the fact that SNT is going up in the market while other coins have been trading in the red. While showcasing a solid level of stability, we are interested in analyzing SNT while answering the question: What’s the Status on Status (SNT)?

Status in the Last 30 Days

Status is being traded in the green today on May 8th, although the majority of currencies has been going down against the dollar for the past 48 hours. We can also see Ethereum going up against the dollar despite the market trend, so it can be easily concluded that this case is not a coincidence since Status makes up for Ethereum’s messaging app with the ability to browse all existing decentralized applications on Ethereum’s chain.

During the last 60 days, Status didn’t go far from acquiring a minor rise of 4.5% during the course of two months, which is needless to say, a weak rate of progress in the market. However, it should be added that during the time of the last 60 days, half of this period was marked with a sign of market dip that went on for more than 8 weeks.

As soon as the market dip was over, Status started to rise, which means that this currency has managed to collect 74% of rises in the period of 30 days, which means that April was more than good to SNT.

Moreover, SNT has gone up against the dollar for 3% in the last 14 days, while it went to -1.6% in the last 7 days.

Despite the lastly mentioned dip of less than 2% against the dollar in the last 7 days, SNT is now being traded in the green even though the majority of currencies are currently dropping against the dollar while being traded in the red.

Although ranked at the bottom of the top 50 cryptos as the 47thp-best currency in accordance with global coin ranking list, SNT showed significant improvements in the market during the last 30 days, showing that a “small” coin can play the big boy’s game.

Status and Status Incubate Program

One of the major moves for Status is the incubate program they have announced approximately two weeks ago.

It all started off around April 20th, when the team behind Status tweeted about the new project they will be launching for all SNT users. SNT has announced via their official Twitter account that they are launching Status Incubate, which is a project designed to promote blockchain technology and fund blockchain-based projects.

The project has started with the idea to make Web3 ecosystem more powerful and more functional for users interested in SNT and its technology. At the same time, with Status Incubate project, SNT is moving towards becoming more than just a messaging and searching app located on Ethereum’s blocks.

Moreover, SNT is aiming at funding and promoting projects on Status Incubate that are related to storage, governance, blockchain-based computing and more.

However, in order to be able to make this project popular and globally accepted, Status will need to find a better marketing strategy in order to gain more exposure for Web3 related ventures as well as gaining on exposure of their project, Status Incubate.

With Status Incubate, SNT team is hoping they would soon be able to make Status more functional and more popular with having various projects and services promoted and funded through Web3 with Status Incubate.

How is Status doing at the Current Moment?

Even though the latest trend in the market that took place a couple of days ago, is dictating trading in the red, Status, as well as Ethereum, is trading in the green while having a minor rise against the dollar.

After the latest change in its price, SNT has gone up against the dollar for 1.05% against the dollar, while it is also going up against BTC for 1.46% against this crypto.

However, SNT is dropping in oppose to Ethereum, which means that ETH is doing better by 1.33% against SNT units.

Following the newly acquired rise, SNT can be currently traded at the price of 0.155$ per one unit, which is still far from its all-time high of around 0.60$ per one Status coin, as marked back at the beginning of January 2018.

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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 rich_f28 via Flickr

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 been…

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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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