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How Stable Is NEO at the Moment?

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NEO
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The crypto market has been critical so far, as most of the gains recorded by the currencies have been reversed in the past few months. With Bitcoin’s price dropping by a huge margin, the market has become incredibly volatile. Tracking the price movements, this year has been a profitable year for altcoins, and NEO certainly features among the top gainers in the market.

With the entire crypto market recovering from a price slump, there hasn’t been any positive momentum in the market so far, and any occasional uptrend is dragged down right away. Despite all the price volatility, NEO’s price has recorded some positive moment.  The rising altcoin, which ranks 11 by market capitalization, is moving towards the $60.00 price level, but it’s hard to determine whether it is safe to invest in NEO at the moment. If you are wondering whether the coin has gained stability in the market, here’s a brief insight into the latest developments on the blockchain.

NEO, A Step Towards Smart Economy

With cryptocurrencies being integrated into several notable projects, the blockchain technology has become a talking point in the market. As the platform of the new internet, NEO specializes in all the significant aspects of the blockchain technology – Dapps, ICOs, and smart contracts. The crypto project which utilizes digital identity to digitize financial assets serves as a medium for automating the management of these assets with the help of smart contracts, fostering a “smart economy” based on the distributed financial network.

As the building block of a smart economy, NEO offers digitized financial assets, with each asset containing proof of ownership in the blockchain. Quite naturally, the digital assets can be sold, traded, and leveraged through smart contracts, while the ownership of the assets can be secured and regulated through the decentralized protocol. In the highly volatile world of digital currency, anonymity is at the forefront of any major technological advancement.

To comply with the regulatory standards, NEO aims to provide digital identities based on PKI or Public Key Infrastructure. NEO, which has partnered with THEKEY, will provide users with secure digital identification.

Upgrades on the NEO Network

Looking at the events in the past few months, NEO has witnessed some interesting developments on the blockchain. To begin with, NEO based Switcheo Exchange announced completing integration with ledger hardware wallet devices.  Although the integration has already taken place, the development team is holding off the operation s of Switcheo’s new smart contract due to certain technical improvement on the NEO blockchain. As per the statement issued by NEO, users can now trade with Switcheo and Ledger smoothly following the instructions released by the team.

Speaking of further developments, the blockchain has also released the development report for May 2018 on Medium, besides publishing an interview with Robbie Wang, the overseas community operations manager at NewEconolabs recording the upcoming NEO Name Service domain project. The most talked-about event, however, is Alchemist’s announcement of issuing a Stablecoin on the NEO Blockchain. Considering the competition of the stablecoin market, such a move has raised many eyebrows.  Apart from Tether, the most vied-after stablecoin in the market, there’s TrueUSD, which recently gained momentum. With Tether’s USDT and TrueUSD lighting things up in the stablecoin world, Alchemist’ s decision of introducing a stablecoin on the NEO market is definitely something to watch out for.

NEO and the Market

As evident from the price charts of the last few months, the market is recovering from a major bear run. Given the price volatility in the market, a positive momentum is unlikely to befall soon. As for NEO’s price, a sudden dip to $57 made investors nervous last week. Much to the traders’ relief, the concern was short-lived. The coin has recently reached $57 price level, recording a 1.47% move over the last 24 hours. Although the coin is trading in the red, it has seen a positive change of $9.68 over the last 7 days. With a market capitalization of $3,534,056,500, NEO is available to the traders at $54.37 at the time of writing. As the crypto market expands to include a host of new currencies, investors are at a loss when it comes to choosing a suitable investment option. NEO, which has evolved over the last few months to become a pioneer in the field of cryptocurrency, has come a long way from its ICO days. At any rate, going by the prospects of the blockchain project, NEO can be the ultimate game-changer in 2018.

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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