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ZCash (ZEC): Hard Fork, New Listings and Going Above $300

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ZCash (ZEC)

ZCash (ZEC) might not be the top gainer of the month, week or day, but this currency has shown some astonishing results during the course of the last two months. While the majority of currencies were going down and trading in the red, ZCash kept a flawless record during the last 60 days, that way showcasing stability in the market and keeping away from trading in the red for a prolonged time. That is not the only good news as ZCash is expecting a hard fork while it just got another new listing.

ZCash Gets a Listing on Gemini Exchange

ZCash just got accepted as a part of the Gemini Exchange family as Gemini just added ZEC to its listing of live trading coins.

Whenever a coin gets a listing, the news always come up as pretty exciting, and this time the excitement was obvious as one of the heads of Gemini Exchange, Cameron Winklevoss stated for an interview for Bloomberg that he is excited to have listed ZEC alongside with Litecoin and Bitcoin Cash. He further stated that in his opinion, ZCash has a “small” market cap when compared to its top trading peers, because people don’t yet understand the significance of the ultimate privacy that ZCash has to offer to its holders and users.

With this statement, it became official that ZEC got listed on Gemini Exchange, which will most certainly contribute to the increased exposure of ZCash, also consequently adding up on its value in the market.

ZCash is Waiting for Its Hard Fork

ZCash is already doing significantly better when compared to the previous performance this coin had during the latest market crash, also losing its all-time high at the time. Now that ZCash is doing a lot better, we can’t miss on remembering Mr. Wilcox’ statement that was given to Coinbase exchange when he was asked about ZCash.

At the mentioned time, somewhere around March when the market dip was still actively ravaging the market, Wilcox, the founder of ZCash, stated that ZCash will have its first ever hard fork during this year.

Although the exact date of the hard fork still hasn’t been confirmed to this date, we only know for the fact that the first hard fork of ZEC will take place somewhere in June 2018., which is only a couple of weeks far from the time of this writing.

The name under which the initial hard fork will be known is Overwinter.

When asked about the reason for having ZCash going under hard fork, Wilcox stated that the current system, called Sprout, is not responding very well to system updates, so the team is working in a hard fork, called Overwinter, which would enable all system updates to be done and performed easily and with increased scalability.

The new system should also represent much faster and more functional environment for ZEC users and holders, also bringing faster transaction time and room for more upgrades in the future of the ZEC system.

How is ZCash doing at the Current Moment?

Although dropping at times, especially during the market crash that lasted during a great portion of February and March, ZCash is finally being recovered due to the latest bullish act in the market when the majority of currencies started to trade up two days ago.

During the course of 60 days, ZEC has seen a rise of 25%, while it grew for 220% over the course of a single year, that way showcasing a flattering rate of stability in the market.

During the period of the last 30 days, ZEC 36% of rises, while it continues to rise during the period of two weeks while going in the green by 6.4%.

Even during the last week, which was marked with another brief dip that lasted for almost 7 days, ZCash made it out with a total of 7.1% in gains against the dollar.

Today, on May 14th, while the market is being massively recovered, ZEC seems to be doing great.

After the latest change in the market, ZEC made it up in the green while collecting a rise of 20% in the last 24 hours against the dollar.

In addition to trading up against the dollar, ZEC is also rising in oppose to BTC while going up by 18.88%.

Following the latest change in the market, ZCash can be traded at the price of $307 per one unit, while breaking the value of $300 and going beyond that price makes up for a success for this currency.

Although ZEC has successfully gone beyond the price of 300$, it is still trading far from its all-time high of over $870 per one unit as recorded back in January.

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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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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.

NFTs are already being actively traded in markets globally. For…

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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 been…

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