Litecoin (LTC) has had a few missteps in the past few months with the aborted launch of Litepay back in March. The latter was meant to revolutionize the use of cryptocurrencies for regular purchases of goods and services in a manner similar to using cash or your credit card. But due to unforeseeable difficulties in finding a card service provider that would be able to partner with the project, it had to be canceled.
However, the Abra Wallet, through its CEO Bill Barhydt, has pumped much needed renewed faith in Litecion by selecting it as Abra’s primary asset moving forward for their smart contract investing solutions. LTC was recently added to a growing list of supported cryptocurrencies on the app.
But is it a little bit too late for Litecoin (LTC)?
Some crypto enthusiasts say it will take a longer time for LTC to manage to hold its own once again. Others say LTC is dead. Perhaps it is time to look for another investment option due to the somewhat shaky recovery of LTC in the markets that has manifested itself by EOS edging it out of the number 5 spot on coinmarketcap.com.
Nano (NANO) is that new investment option. It reminds you of a young LTC when it was valued at $4 back in March 2017. NANO is currently valued at $4.16. The circulating supply of NANO stands at 133,248,289 and that of LTC is 56,754,673. This is a clear indicator that NANO might not make it to current levels of LTC that is trading at $120 at the moment of writing this. What is possible, is Nano to make reach around the $45 mark with time and adoption of the coin. Some price predictions have put NANO at $192 by the end of the year.
Either of the price predictions mentioned above is possible in the crypto-markets that continue to WOW us on a daily basis. One such example is the sudden resurgence of Bitcoin (BTC) to current levels of $7,527 at the moment of writing this, and after there were predictions that it would drop further below $7,000.
With respect to NANO, the coin and project are exceptional. Transactions on the Nano platform are free: no fees are charged. There is also available apps to store your Nano in the devices compatible with Android, iOS, Windows, Mac, and Linux. Also, if you are willing to start a node, you can do so by downloading the code to do so on their website.
It is with the above capabilities of Nano, that it is safe to say that we should forget Litecoin for now. We should turn our focus on Nano for it is the early bird who catches the worm.
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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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
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…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
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…
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 been…