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Here are Two Reasons to Buy NEO Right Now

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NEO

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.

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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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