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Here are Two Reasons to Buy NEO Right Now

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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

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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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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