FREE BITCOIN

Gamble as you want,

your wife will never find out!

First p2p bitcoin betting platform!

Guess Bitcoin’s trend and win!

Clever enough to guess

Bitcoin price?

Here are Two Reasons to Buy NEO Right Now - Global Coin Report
Connect with us

Blogs

Here are Two Reasons to Buy NEO Right Now

Published

on

NEO
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto market continues its struggle to reach stability and to improve on the prices on digital currencies, and with the recent price increase led by Bitcoin (BTC), many have started looking into altcoins worthy of investment. Today, we will discuss why buying NEO right now might be the right choice for any aspiring crypto investor.

Crypto market active once again

It is the first week of August, and crypto investors are still trying to figure out what is the best altcoin to devote themselves to. July has ended with an indication of a bull run, led by a sudden increase in Bitcoin’s price, and the leading crypto went up by $2,000 in only a few short days. This has led many other currencies to follow along, NEO being among them as well.

Soon after, Bitcoin’s sudden rise stopped, but that doesn’t mean that this situation will stick, and it is more than possible that the price surge might continue in August. Currently, a lot of cryptos are in the green, with NEO, once again, being one of them. So, obviously, the market has seen quite a lot of activity recently, and the new excitement regarding the top altcoins has arrived.

It seems that the market can finally drop its bearish attitude for the first time since January if we ignore the false alarm that happened in mid-May.

So, why is NEO the right choice?

One of the biggest reasons why you should go for NEO in this time of change and possible recovery is the way that NEO has been acting prior to this year’s bearish market. Back in the day, when the crypto prices went on a true rise, NEO managed to hit $187, which was its record, and it came just before the market drop in January. If it weren’t for the constantly bearish market, NEO’s price could have survived the first wave of price drops. Its value even managed to hold on to a decent price for over a month of price drops, which was seen in mid-February, when it was still quite good, at $144 per coin.

However, the market remained bearish for over half a year, and by May, NEO dropped below $100. Many expected that this is as low as it can get and that the situation will surely take a turn for the better soon. However, they were disappointed when NEO dropped to $29 by the end of June. Such a low price was last seen back in November of the last year, and the investors thought that this is surely NEO’s bottom. A little over a month later, NEO has dropped again, but only slightly, and many would argue that the current price of $28.05 might indeed be as low as it could get.

So, obviously, NEO has been performing more than well under the proper conditions. If the market can truly shed its bearish skin, then this crypto might skyrocket once again, especially with its popularity in the eastern part of the world.

The second big reason why buying NEO is a good idea includes its platform’s efforts to reach decentralization. Exactly a month ago, on July 4th, a new announcement came from the NEO Foundation, claiming that the new consensus nodes are to be elected. This will effectively start a completely new, decentralized era for NEO. City of Zion’s candidate node got elected after running without issues on the NEO TestNet for over half a year.

Now, the CoZ is working on NEO’s blockchain, and it might bring a lot of positive changes to the way this crypto works. With an ultimate goal being to reach the global smart economy, NEO has a large potential to change the world, and the only thing it needs to do is the trust of its investors and supporters. NEO has proven that it can survive, change, adapt, and try to achieve the best version of itself, even when the market is constantly unfriendly towards it.

This is truly one of the few cryptos worthy of trust and support, and every effort to help it achieve its goal is sure to be returned, as soon as the right conditions are met.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Blogs

The Crypto Space Once Again Divided Over Bitcoin SV

Published

on

Bitcoin SV
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

Continue Reading

Blogs

Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

Published

on

Ripple
READ LATER - DOWNLOAD THIS POST AS PDF

One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

Continue Reading

Blogs

Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

Published

on

Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

Continue Reading

Elite