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Zilliqa (ZIL) Reaches the 25th Spot on the List: Goes Above $1 Billion in Market Cap

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Zilliqa

Zilliqa makes up for a rather young coin, however, this newbie on the block managed to gain the attention of investors by promoting scalability and proving that ZIL indeed owns the solution to the general problem of scalability that many platforms are currently dealing with. That is how Zilliqa managed to get past the market cap of over 1 billion dollars while ZIL’s own sharding technology caught the attention of Vitalik Buterin, the first man of Ethereum.

Zilliqua Reaches 1 Billion Dollars in Market Capitalization: Ranked as 25th

Previously ranked as the 30th-best coin in accordance with global coin ranking list, Zilliqa wiped out 5 currencies ahead of it, moving on to taking over the 25th place on the mentioned list.

This is the case because ZIL has made it above and beyond the value of one billion dollars, with the trading volume of 100 million dollars in the course of only 8 hours, which occurred on May 19th, on the last Saturday.

In addition to going above the market cap of 1 billion dollars, Zilliqa also finished April as one of the top trading coins of the month as it managed to go up by over 100%, specifically climbing up by 120% against the dollar in the last 30 days.

The last two months also went by as pretty benevolent for ZIL, as Zilliqa collected 210% of gains during the period of the past 60 days.

To realize how well is Zilliqa doing in the market for the past two months, it is pretty important to know that Zilliqua only started with live trading 3 months ago, while it was worth around 0.05$ at the end of March.

Less than 2 months later, ZIL went from trading at the price of 0.05$ per one unit to dealing with the value of around 0.15$ at the moment.

Zilliqua and Consensus Groups: Scalability Achieved

Zilliqua was launched back in February, which is at the moment only 3 months ago. At the time of its launching, ZIL was presented as a blockchain-based solution for scalability, offering a simple and easy solution for solving scalability issues.

Making a decentralized platform scalable makes a great problem for the majority of platforms, however, Zilliqa offers a solution in form of sharding.

Sharding technology works on dividing the nodes of the ZIL network. By dividing the nodes that way making smaller portions of the ZIL blockchain platform, with sharding technology this currency is able to create consensus groups.

These consensus groups are the one thing in particular that makes a high level of scalability possible with Zilliqa.

Vitalik Buterin: Interested in Zilliqa Sharding Model

As a sort of a confirmation that Zilliqa brought something new to the blockchain technology and something valuable above all, Vitalik Buterin is planning on adopting a model of sharding that can be seen in ZIL’s system.

The first man of Ethereum, Vitalik Buterin, is planning on making Ethereum more scalable with the help of sherding technology, which would aid the ETH team in making their network more scalable.

It is already a known fact that Ethereum is occasionally having some issues with jammed traffic on their network, which demonstrates that even the top platforms have problems with scalability.

How is Zilliqa doing at the Current Moment?

Zilliqa has respectfully become the 25th-best currency on the global coin ranking list since it was previously taking the 30th spot. During the previous period of the last 60 days, ZIL made it up against the dollar by 210%.

At the same time, Zilliqa climbed up by over 100% against the dollar in the period of the last 3o days, making it one of the top trending coins in April.

During the period of the last seven days, ZIL couldn’t fight the actual trend at the time as the majority of currencies were trading in the red, so we can see it dropping against the dollar by -16%  on the weekly chart.

Following the latest change in the market, we can see that Zilliqua is rising up against the dollar by nearly 5% at the moment of this writing while going up and trading in the green.

In addition to trading up against this fiat currency, ZIL is also trading up against BTC and ETH, going up by 3.40% against Bitcoin and 3.19% against Ethereum.

After the most recent change in its value, Zilliqa can be traded at the price of 0.14$ while we could see it at the price of 0.15$ per one unit only a couple of hours before with over 8% of gains against the dollar.

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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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