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XRP and TRON are Once Again Bearish



XRP and Tron

The crypto market has been taking a turn lately, with a lot of coins seeing more gains than ever in the last three months. Some of them even managed to repair the damage done by the mid-November market crash, which followed after the BCH hard fork. However, not all coins are faring equally, and XRP and TRON (TRX) are clear examples of this.

XRP price continues to decline

XRP spent the last three months performing rather well when compared to the rest of the market. It even managed to overtake the second spot on the list of largest coins by market cap, pushing Ethereum (ETH) to third place. The rivalry between the two only ever included the fight for the second spot, with Ethereum typically being the winner.

While XRP did overtake the position for months, Ethereum has finally managed to grow enough to return to the second place. In fact, ETH has been performing particularly well during the new bullish period, while XRP is experiencing losses. This has been going on for a while now, with XRP price either being dormant or dropping, without any significant increases.

As a result, the downward trend is expected to continue even while the rest of the market experiences gains. At the time of writing, the XRP price is at $0.316, right beneath the resistance level which sits at $0.34.

TRON (TRX) experiences drop as well

While the situation regarding XRP does not indicate that a change is in sight, a similar thing can be said for TRX. The coin’s price has been gradually dropping ever since January 27th, when it surged to reach the price of  $0.030. Since then, TRX was experiencing drops, followed by slight recoveries, only to drop again.

At the time of writing, its price is at $0.0254, and while the coin is currently seeing 1.43% growth, it is likely that this is just another short attempt at recovery before the next drop. Its most notable resistance currently lies at $0.028, which TRX attempted to reach several times, albeit unsuccessfully.

Meanwhile, the most notable support lies at $0.023, putting the coin’s current price halfway between the major support and resistance.

While the coin can go either way from here, the decline in its price has been just as constant as the one in XRP’s case, which makes it likely that the price will continue to go down, if the support doesn’t hold. Due to the dropping price, TRON’s market cap dropped as well, with the TRX currently holding the 9th spot on the list of largest coins by market cap. However, if the drop continues, it is possible that TRON will continue to sink rank-wise, and that it will be replaced by Binance Coin, which currently occupies the 10th position.

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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 ( ), 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 ( ), 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…

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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…

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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 ( 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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