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Coin Watch: NEO Anticipates a Reversal of Trends

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NEO
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When Ethereum was first released in 2014, it revolutionized decentralized applications with its innovations like smart contracts. But the market has come a long way from its initial days, witnessing a tremendous boom in currencies. Given the faltering state of the crypto market, choosing an investment option has become a neck-breaking job. NEO, which was previously called AntShares, is regulated by smart contracts, but it stands out from other smart contract-based ecosystems in terms of its approaches. As the next-generation cryptocurrency network, it enables users to automate the storage and exchange of financial assets on the blockchain. Widely recognized as “the Chinese Ethereum” or “the one”, NEO can be regarded as the Ethereum killer for its competitive advantages over the ETH.

NEO, the Strongest Cryptocurrency of 2018

Representing the third generation of cryptocurrency, NEO is much more than a decentralized network, as NEO can be looked upon as a smart economy. Although the blockchain resembles Ethereum in many ways, it stands for a link between the real economy and the digital economy. Such a link is difficult to imagine with other forms of digital assets and can initiate great changes in the digital finance world.

To achieve “smart economy” with a distributed network, NEO strategically deploys the blockchain technology and digital identity to digitize financial instruments. As evident from its name, digital assets are programmable financial assets that are present in the form of electronic data. The digitization of these assets is done using the blockchain, wherein users can expect a decentralized, reliable, traceable, and transparent solution. The best part of NEO blockchain is perhaps the fact that users can register, trade, and exchange various kinds of assets, proving the link between digital asset and the physical asset is possible through digital identity.   Besides the digital assets, the blockchain also uses digital identity to create a smart economy. Digital identity refers to the identity of individuals, organizations, and other electronic entities. NEO implements a system based on X.509, which complies with the highest standards of digital identity.

An Inside Look at the Rapidly Expanding NEO Blockchain Network

Although big names like Ethereum are grabbing all the attention from the investors, new smart contract-based cryptocurrency networks are gaining quite a momentum in the market. Ranking 12 by market capitalization, NEO comes with a range of beneficial features. One of the most interesting aspects of NEO that makes it stand out from the rest is the lightning fast transaction speed. While it is executing 1,000 transactions per second, the NEO team anticipates pushing the speed to 10,000 transactions per second. At this rate, the transaction speed can exceed 100,000 transactions per second by 2020.   The expansion plan is not limited to transaction speed only, and the team is working on making the system fully decentralized, besides implementing hyper v-m to upgrade its features.

As a promising cryptocurrency, it always strives to expand its user experience with new innovations. Besides implementing frequent upgrades, the blockchain attempts to stay connected to its users, releasing developments updates and technical reports as and when necessary. An inside look at the developments on the NEO blockchain reveals quite a number of influential updates. From MyWish CEO announcing that NEO crowdsale contracts are ready, Blockchaingamer.net becoming a media partner of NEO blockchain game development to NewEconoLabs hosting NEO game competitions, NEO is lighting things up in the crypto market.

NEO Charts Reveal Signs of a Reversal of Trends

Primarily designed for ICOs and Dapps, NEO also focuses on smart economy solutions, which include digital identity, registration, and asset digitization. Owing to the relentless efforts of the NEO development team and strategic marketing campaigns, NEO has seen a steady rise in the recent times.  While NEO’s reception has been phenomenal in the market, it was not entirely free from volatility. Looking at the price charts of the last few weeks, the bear run has sent currency in a temporary limbo. The most actively traded currency on Bitfinex, NEO has dropped by a striking 3.44% from its earlier position. With a market capitalization of $2,483,734,500, NEO is available for trading at $38.21 as of June 20, 2018. Although bearish sentiments are on the cards, the price charts reveal signs of a reversal. With NEO gearing up with interesting upgrades, the bull is likely to make a comeback in the coming days.

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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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