Introduction

As the cryptocurrency market continues to evolve, BXEN Coin has caught the attention of traders seeking new investment opportunities. In this article, we explore the latest trends in BXEN Coin’s price on MEXC, one of the prominent cryptocurrency exchanges. By combining insights from MEXC traders and analyzing BXEN Coin’s potential as a long-term investment, we aim to provide a comprehensive overview for both seasoned investors and newcomers.

What is BXEN?

BXEN Coin, the BEP-20 version of XEN token, is built upon the foundational principles of decentralization, transparency, and trust through consensus. Created by Jack Levin, the visionary behind XEN, BXEN Coin represents an innovative addition to the crypto landscape. Its utility and governance features make it a versatile asset, paving the way for various applications and partnerships.

BXEN Coin Price on MEXC

BXEN Coin price on MEXC has been subject to fluctuations due to the inherent volatility of the cryptocurrency market. As of August 1, 2023, BXEN Coin is trading at $0.000000004036. Traders on MEXC closely monitor these price movements, analyzing market trends and investor sentiment to make informed trading decisions.

Why do people choose to trade BXEN?

BXEN Coin’s appeal as a trading asset lies in its potential for significant gains and the thrill of engaging in the dynamic cryptocurrency market. Traders are drawn to BXEN Coin for various reasons, including:

• Potential for High Returns: BXEN Coin’s price movements have shown the potential for substantial gains, attracting traders seeking profitable opportunities.
• Market Volatility: BXEN Coin’s price volatility provides traders with opportunities for short-term trades and speculative strategies.
• Diversification: BXEN Coin allows traders to diversify their cryptocurrency portfolios, reducing overall investment risks.

MEXC Traders’ Opinion: BXEN Latest Trends

MEXC traders have been actively monitoring BXEN Coin’s price trends. Their insights and opinions offer valuable perspectives on market sentiment and potential trading opportunities. Traders engage in discussions, analyzing technical indicators, and conducting fundamental research to make informed decisions regarding BXEN Coin.

Is it worth buying BXEN as a long-term investment?

As with any investment, buying BXEN Coin as a long-term asset comes with its own set of considerations. Here are some factors to weigh when considering BXEN Coin for long-term investment:

• Project Fundamentals: Evaluate the project’s fundamentals, including its purpose, team, technology, and partnerships.
• Community Support: Assess the strength and engagement of the community supporting BXEN Coin, as a thriving community can contribute to the project’s growth.
• Market Adoption: Investigate the potential for real-world adoption and use cases of BXEN Coin, as widespread adoption can drive long-term value.
• Risk Tolerance: Consider your risk tolerance and investment objectives before committing to a long-term investment in BXEN Coin.

Conclusion

BXEN Coin’s price trends on MEXC offer intriguing insights for traders looking to capitalize on cryptocurrency opportunities. MEXC traders’ opinions provide valuable sentiments on BXEN Coin’s potential, while careful analysis and understanding of its long-term investment potential are essential. As the crypto market evolves, considering multiple perspectives can be a guiding light in navigating the exciting world of BXEN Coin trading.

ShareChat makes it simple to start chatting with others in a country where many people are just now getting access to the internet. It also doesn’t bother with English support.

The biggest names in technology are running out of room to expand. Most of these companies have been looking to India as a source of new customers because more Indians have joined the internet in the past few years than live in the United States. ShareChat is the company that has shown to be the most successful in reaching this country’s eccentric population. ShareChat is an India-focused social network with headquarters in Bangalore, often called India’s Silicon Valley. It supports more than a dozen regional Indian languages and has many of the features you’d expect from a social media platform, such as a feed based on your interests and the people you follow, the ability to share text, images, and videos, and the ability to comment and like other users’ posts.

ShareChat was built to take advantage of the exploding content consumption in India. It’s meant to encourage new internet users to continue browsing the web and, more significantly, to continue sharing information via WhatsApp, the most widely used messaging program in the country. ShareChat is more like Reddit than Facebook or Twitter, and it doesn’t require you to follow or friend someone to get started. Upon first logging on, you’ll see a range of posts in the language of your choice, including news, tabloid gossip, good morning messages, and more. ShareChat also has public chat rooms where you may join at any time and start talking to complete strangers, a typical internet advantage that is especially appealing to first-time users in India who are coming online from rural areas. ShareChat also features a function called “Shake-N-Chat” that pairs random users talking about comparable topics together for a one-on-one conversation. ShareChat’s largest departure from standard social media is its lack of an English language choice. That’s a big reason why the biggest names in western technology have taken notice. Twitter’s only other startup investment is in ShareChat (twice). It’s thought to be on the edge of raising more money from Google and Snapchat. There was also speculation that Google might buy ShareChat for a billion dollars.

An Enormous, Competitive Market

Google, like many other Western IT firms, has become increasingly frequent in its betting on Indian startups. Reliance Jio is the largest telecom provider in India, and it has lately received hundreds of millions in investments from tech giants like Google, Facebook, Qualcomm, and Intel. In addition, the news aggregator and content app DailyHunt received funding from Microsoft and Google towards the end of last year.

Not only that. The cost of gadgets and internet service is a key concern in India, where the typical family income is roughly $3,600, so most of these tech companies have spent a lot of time over the past few years attempting to optimize their services for the country. For instance, you can dial a toll-free number to have a conversation with the Google Assistant offline. Amazon offers a battery-operated version of its Echo smart speaker for use in areas of the country without reliable access to electricity. Dumbphones can access social media and newsfeeds from the likes of Facebook, Google, and Twitter. For about $3 per month, Netflix subscribers may watch TV series and movies in standard definition (SD) on their mobile devices. The run-on list is infinite.

It’s easy to see why India has captured the attention of tech companies. Around 650 million people call it home for their internet access, making it the second-fastest expanding internet economy. Cisco predicted in 2018 that by 2023, this number would have surpassed 900 million.

Wireless provider Reliance Jio deserves much of the credit for India’s digital revolution because, beginning four years ago, it began offering cellular 4G services at rock-bottom pricing, pushing the rest of the market to follow suit. (Most didn’t or were absorbed into larger corporations.) These days in India, you can get a 4G plan that includes unlimited calling and 2 GB of data each day for less than $4.

Tech businesses can’t afford to miss out on the massive market potential in India, where just around half of the population is online compared to the United States and the United Kingdom, where over 90% of the population is online.

Only 10% of Indians speak English, and most of the country’s internet users come from non-English-speaking rural areas, making it difficult to break into the Indian market. Nine out of ten Indian internet users are expected to adopt regional languages in the near future.

That’s where we (and ShareChat) come in. Its non-English social network boasts 160 million monthly active users who spend an average of 31 minutes per day within the app, putting it on par with market leaders like Facebook.

Moj (which means “entertainment” in Hindi) is a short-form video app that was released by ShareChat and quickly gained 80 million monthly active users. Moj, in contrast to ShareChat, is written in English. ShareChat’s rapid expansion can be partially attributed to the fact that the government of India has outlawed dozens of Chinese apps, including the popular one TikTok. ShareChat was launched in 2015, but 100 million of its current 160 million users joined in just the past year.

Amit Sharma, an analyst at GlobalData, notes that consumers who are new to the internet, let alone social media, often lack the literacy skills necessary to understand how discovery functions. ShareChat gets rid of that problem by delivering the material directly to the user. Companies like Google and Twitter can utilize this technique to enter new markets and make money from advertising to those people they acquire.

According to Sharma, “[ShareChat] encompasses a massive following in Tier II, III, and IV cities and towns,” which is why the app is such a hot commodity among Western technology firms.

Although while Oculus headset sales are on the rise, the device is still considered a niche offering when compared to Facebook’s overall goals. The fact that making a good gaming gadget is no longer sufficient is one of the consequences of Facebook’s recent rebranding as a “metaverse” firm.

The Oculus VR headgear, developed by the company formerly known as Meta Platforms, appears to have done well during the holiday season. KeyBanc Capital and Jefferies analysts reported last week that Oculus software downloads spiked over the holidays, with Brent Thill of Jefferies noting that the number of daily active users of the app on Christmas Day was up 90% year over year. Facebook paid $2 billion for Oculus in 2014, but the company has never publicly reported its sales. If the market research firm finalizes its fourth-quarter data, however, IDC predicts that the company’s VR device sales in 2021 will total between 5.3 million and 6.8 million units.

Either one would be a significant increase over the anticipated 3.5 million Oculus units sold in 2017. This is a significant improvement over the company’s sluggish sales figures before the release of the first Quest headset in the middle of 2019. Prior Oculus hardware often connected wirelessly or via a cable to a powerful computer. These “tethers” have significantly reduced virtual reality’s (VR) attractiveness, especially among gamers. Visible Alpha expects that between fiscal years 2019 and 2021, Sony will sell around 5.5 million copies of its tethered PlayStation VR headset. That’s roughly the same as 12 percent of all PlayStation consoles Sony sold throughout that period.

The company’s name change two months ago considerably upped the stakes on that wager, even though Facebook founder Mark Zuckerberg has long made clear that his objectives for Oculus stretch far beyond gaming. The metaverse, according to its proponents, is not just a virtual world. In contrast to standard web browsing on PCs and mobile devices, however, VR would be a major technology differentiating this virtual world. “There is no presence outside of VR.” VoxPop’s veteran VR industry analyst Stephanie Llamas emphasized the importance of being present.

Any business hoping to succeed in the next years by relying on the metaverse will need to get a lot of gadgets into a lot of hands. Less than 3% of Facebook’s daily active users in North America and Europe (the two areas that account for the vast majority of its revenue) have purchased an Oculus headset in the past five years, according to estimates. The percentage of new headset owners who got one for Christmas is likewise hard to predict. Also, some of the recent sales may have been made by Meta’s own staff members as an attempt to gain favor with Meta’s CEO. According to the Wall Street Journal, Mr. Zuckerberg has recently begun holding more of his internal meetings in VR.

Facebook’s transformation is predicated on the idea that enough people will be willing to spend several hundred dollars to join a virtual world managed by a firm with significant public trust issues that is currently raking in over $110 billion in advertising income annually. Virtual reality goggles beneath the tree might be the easy part.