Blogs

WhiteCoin (XWC): Winter Ups and Downs

Published

6 years ago

January 18, 2018

WhiteCoin (XWC) is a stable, innovative blockchain technology based coin that is made to enable fast and prompt transactions while keeping all parties anonymous and their transactions untraceable.

As with all other coins, XWC is also designed as a decentralized platform that enables transactions without any third parties involved based on the model all coins are using.

But, what is happening to this “innovative, stable and secure” digital currency, now?

XWC is suffering from unexpected ups and downs – downs which are unfortunately for holders more often than ups.

White Coin and 2018

For hundred days in 2017, XWC was showing exceptional progress when it came to having its price jumping to a total of nearly 700%, making this coin one of the most interesting to deal with. Its price was low enough making it a promising investment as you could buy at least seven coins for under a dollar.

Since the coin showed tremendous increases in the last three months of 2017, it was expected that those same investments would turn out to be right on the spot. 2018 was promised to be a fruitful year for digital coins, but if you take a closer look into changes that occurred with WhiteCoin, you could easily say that not all digital coins had that luck at the beginning of the current year.

At the end of the second week of January 2018, WhiteCoin had its price decreased to almost 5% between January 13^th and January 14^th. Seeing this decrease occurring, crypto coin analysts expected to see this coin going to at least 0.21$ per one unit, but instead, WhiteCoin had another decrease that occurred between January 16^th and January 17^th.

Where is WhiteCoin at Now and What Will Happen Next?

It’s the end of January 17^th at the moment of this writing, and there was yet another decrease for poor WhiteCoin. This time the coin dropped to -16.78, which led to a new price of 0.17$ per one unit at this very moment.

So, why have WhiteCoin went through so many decreases during the last couple of days?

This is only a phenomenon called capitalism and market demand. When WhiteCoin experienced its first major decrease, there were probably a lot of holders in line for selling their coins so that they would be able to extract some profit before the coin potentially crashes down even more, so naturally as interest in WhiteCoin was falling off, its price also consequently went down.

Later on, when WhiteCoin had an amazingly unexpected increase that went up to 71%, investors probably decided to take advantage of a quickly decreasing price and buy at very low rates so they could earn profit later on when the price jumps up. Consequently, the coin’s value went up, making it worth 0.32$ per one coin. But, the coin then decreased again – twice to be exact which was yet another product of the game called buy and sell.

To conclude the story – it’s not the WhiteCoin is unstable as decrease can occur to any other coin. The market is the one that is unstable along with demand dictated by investors and holders and the moment when they decide whether to hold their coin or sell.

The more people selling their coins at low prices at the same time, the greater the chances are that the price of that coin will naturally go down and vice versa. If you are holding XWC in your wallet and if in all this madness of constant ups and downs you decided to stick with this coin, you probably didn’t make a mistake. The coin is rated as functional, with easy to use communication tools, prompt and anonymous transactions and with a focus on cyber reality.

As long as there are holders who use this crypto value for performing transactions and purchases, the coin will hold on to its value and with increasing demand, the price will consequently increase.

We will be updating our subscribers as soon as we know more. For the latest on XWC, 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 coinmarketcap.com

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

3 years ago

January 25, 2021

chainwire

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…

Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

Published

3 years ago

December 31, 2020

Paul Wilson

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

Published

3 years ago

December 24, 2020

chainwire

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…