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Here Is Why Neo (NEO) Will Rise Like a Phoenix

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NEO
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Many times, Neo (NEO) has been described as the Ethereum of China without dwelling deep on what this means and why it is relevant to the Crypto-verse. Many, if not all, crypto-traders know what Ethereum (ETH) is but the same cannot be said about NEO. This might be because the project and coin do not make headlines as much as the King of Smart contracts: Ethereum.

But let us try and summarize the NEO project in one go and get a feel as to why the platform is working towards building a better smart future.

NEO plans on digitizing assets on its blockchain platform. It also aims at automating the management of digital assets using smart contracts and to realize a smart economy with a distributed network. Once the assets have been digitized, they will be decentralized, trustful, traceable, transparent and free from any middlemen. NEO provides the connection between digital and physical assets through a digital identity.

The genius of this project is that developers do not need to learn any new programming language as is the case with Solidity on the Ethereum platform. Developers can program using C#, Java and other known programming languages thus making it attractive for the traditional developer like you and me.

With a budding list of partnerships to back NEO, it is only a matter of time before it becomes a force to reckon with in terms of blockchain technology and adoption.

With respect to market performance, the past has been really good to NEO. Back in January, NEO achieved some amazing values that peaked at $194. This means that this is a coin to invest in at an early stage before all hell breaks loose once again in the crypto-markets as anticipated by many traders and crypto-analysts.

Current market analysis indicates that NEO is currently trading at $53.60 and down 6.55% in 24 hours due to what can only be referred to as a retracement in the crypto-markets after a slight rally last week. Bitcoin, being the King of Crypto, is finding a difficult time maintaining levels above $7,500. All fingers are currently crossed hoping that BTC will not reach the predicted values of $5,500 to $5,700 for this might drag down the entire crypto-market.

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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

HODLing Stellar Is A Good Plan For 2019

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HODLing
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HODLing, or holding on to a certain asset or assets has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market being more uncertain than ever, many are wondering what is the right thing to do with the coins in their possession.

Of course, things change depending on the coin in question, but today, we are going to talk about why it is a good idea to hold on to your Stellar (XLM) in 2019.

Why You Should Hodl Stellar (XLM)

The crypto market is rich with hundreds, and even thousands of different projects at this point, and separating valuable ones from those that are destined to slowly fade away can be tricky. However, even the biggest skeptics believe that Stellar is a coin that is here to stay.

XLM was first launched in 2014, and for a long time now, it has been among the top 10 cryptos by market cap. It is an open-source, decentralized protocol that allows users to send fiat currencies by using cryptocurrency as a method of transport. In a lot of ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to regular people, while XRP is more interested in working with banks and financial institutions.

Nevertheless, sending money, especially when it comes to cross-border…

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Altcoins

Reasons To Invest In Electroneum In 2019

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Electroneum
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2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

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Bitcoin

SEC Postpones Bitcoin ETF Decision Once Again

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Bitcoin ETF
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The new announcement by the US SEC (Securities and Exchange Commission) states that the decision regarding the potential approval of several applications for a Bitcoin ETF (exchange-traded funds) is once again postponed. This time, the SEC declared that the decision will be made by February 27th, 2019.

The application requesting that VanExk SolidX BTC fund get s listed on Cboe BZx Exchange that was published on July 2nd needs to be given order by the commission within 180 days. Originally, the deadline for doing so was December 29th. However, the SEC decided to extend the period for another 60 days, effectively moving it to February 27th.

The SEC stated that designating a longer period for making a decision was found appropriate, as more time is needed in order to properly consider the rule change.

Cryptocurrencies need a sufficient monitoring mechanism, claims SEC chairman

Recent reports claim that the SEC received over 1,600 comments after requesting the public opinion regarding the ETF applications issue. In the past, the SEC rejected many such applications, some of which were even submitted by SolidX itself. In addition, they also rejected the applications submitted by Gemini, the exchange owned by Winklevoss twins. Brothers were attempting to gain ETF approval ever since 2013, although to no avail.

Other applications were also submitted by Direxion, ProShares, as well as GraniteShares. The SEC rejected them…

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