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Here’s How NEO will Reach $1000 and Establish Market Dominance

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For a while now, investors have been searching for the crypto that will become the main representative of the third generation of cryptocurrencies. After Bitcoin (BTC) has become the leader of the first wave, and Ethereum (ETH) become the main coin of the second one, the third wave is upon us, and many believe that NEO will be the one coin that will stand out.

Earlier this year, after the market had just turned bearish, crypto enthusiasts thought that this will be a short-term thing and that NEO will soon lead cryptos to new heights. Of course, it has been six months since the prices dropped, and the situation is much worse now than it was back then. Still, the hope remains, and many still believe in NEO.

What is it that makes NEO so special?

NEO is a cryptocurrency that has been around for several years now. When it comes to its concept, it is actually very similar to Ethereum. Both offer the creation of smart contracts, dApps, and have had many different projects created on their respective blockchains.

In fact, they are similar enough that NEO has often been called the “Ethereum of China”. This name comes from two reasons – its similarity to Ethereum, and the fact that China is actually very supportive of NEO. This support gives NEO a lot of advantages when it comes to cryptos in general since China is usually very closed off to the entire concept of cryptocurrencies. However, with this country’s support, NEO basically has access to the entire untapped market, which may allow it to shine like no other altcoin.

At the beginning of the year, NEO has reached completely new heights, just like every other crypto. It also reached a high rank on the CoinMarketCap’s list. However, just like all the other cryptos, its value nosedived as the year progressed, and its current rank is 12, with a value of only $37.93 per coin. When compared with the January’s price of around $160 per coin, we can see just how low NEO has fallen.

With that in mind, can NEO still reach the heights that were expected of it at the beginning of the year?

City of Zion and a decentralized exchange

Some experts seem to believe that NEO is still more than capable of going back up. In fact, many believe that it might even go to such heights that it could reach $1000 per coin by the end of this year. The way to achieve this might lead through the City of Zion.

The City of Zion is basically a name for NEO’s extremely large community of open-source designers and developers, which are all working towards the same goal. Their aim is to speed up the development of NEO’s blockchain and to create additional accessories which will help improve the entire concept of this cryptocurrency.

The City of Zion has already been credited with developing several large and important projects, including NEO portal, the NEON wallet, NEEOScan, and NEOMon. These are all very important projects that have the potential to pull NEO out of these depths as soon as the market allows it.

Another very important concept that NEO’s blockchain seems to be nothing less than perfect for includes hosting decentralized exchanges. Decentralized exchanges represent a relatively new concept, but in order to establish them, certain parameters need to be met. Those include finality, quick transactions, digital identity, interoperability, and a stable digital currency that would be used for creating universal trading pairs.

NEO can match all of these demands, which is what makes it nothing less than perfect for this project. There are certainly still some minor issues that need to be resolved before this becomes a reality, but if anyone can pull it off, it is definitely NEO.

So, can NEO dominate the market? Can it reach $1000? Right now, it is hard to say. This is a tough time for cryptocurrencies, and many are still struggling to simply stay alive. Hopefully, the situation will get better soon, and if it does, a lot of great things are expected from NEO.

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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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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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