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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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