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Here Is Why Neo (NEO) Will Rise Like a Phoenix - Global Coin Report
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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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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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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…

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

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Ripple
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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.…

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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

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Bitcoin
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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…

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