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We could see a massive NEO price surge shortly, here is why

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NEO
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NEO is a distributed network for the Smart Economy. It was produced to establish a scalable network of decentralized applications. The blockchain network supports a lot of high-level programming languages, thus, making it possess unique features that are capable of enabling it to become one of the best blockchain networks in a smart economy.

Nevertheless, even though NEO is decentralized and a very scalable network, its price has dipped in the market. Last month (July) its price decreased considerably to $42 per coin. More so, at the time of writing (as of August 2nd), the price has further dipped down to $28.21.

NEO, however, occupies the NO. 13TH position due to its market capitalization ($1,834,648,975). It is important to know that it is one of the most traded altcoins in the crypto market today. Even though NEO is at the price mark of $28.33 at the moment, the team behind it is working tirelessly to make sure it becomes a notable altcoin.

NEO Upcoming Changes and Developments

Recently, NEO stated that it would start an AMA on August 2nd. The two men behind NEO, Da Hongfei, and Erik Zhang, stated that the start of the new Reddit AMA is the beginning of a new era for the blockchain network since its community is growing really fast. NEO users can come up with their questions during the AMA session, this undoubtedly is a step that shows the NEO team has confidence and vision for their product. NEO team will start answering the questions starting tomorrow, 3 August.

Moreover, questions are rising about the NeonExchange – a decentralized exchange network that is powered by NEO. The exchange hasn’t been entirely active as a result of the regulations surrounding it, and most Dapps developers want this to be cleared before the ICO of NEX coins is launched.

Many individuals have voiced their opinion about this, but adequate measures are being planned at the moment, and the community would be briefed on this very soon.

Furthermore, other upcoming developments include the launch of NEO Name Service, which was produced by the NEO’s largest community in China, NEL. The NEO Name Service will help in the production of NEO’s addresses that are compatible with real-life.

NEL is also making plans to develop an NEO-based hardware wallet known as NEODUN.  Another accomplishment of this NEO’s Chinese community is its collaboration with Trueblocks (a South Korea-based accelerator and market development team dedicated to Korea’s crypto market) to help foster NEO blockchain in the Korean cryptocurrency markets.

Additionally, NEO aims to foster a smart economy, and in doing so, it recently partnered with Certik (an official verification platform for smart contracts and blockchain ecosystem). This partnership aims to boost security and verify NEO’s digital assets and identity.

NEO recorded an increase in the number of transactions which were seen as spams. The blockchain network has highlighted its community the two parameters: MaxTransactionsPerBlock and MaxFreeTransactionsperblock. These parameters are measures recently created to protect NEO from too many transactions that may be malicious to it.

Also, the platform has advised that,

Sending transaction with fee will be recommended. It’s easy and effective. The amount of transaction fee depends on how fast you need to get transactions confirmed by blockchain. In general, one satoshi gas will be enough.”

Some last words

NEO is also considering supporting an upcoming hackathon event in Latin America. The blockchain network has said in a Twitter post that the event will be held 3rd and 4th of August in Santiago, Chile. These and many more are coming up on NEO’S platform, but will these events reflect on its price? Well, as things stand, it seems these will. Let’s hope for the greenish NEO run ahead.

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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.

Image courtesy of Maxpixel.net

Altcoins

Analyzing The Best-Performing Cryptos

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cryptos
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Over the nebulous first half of this year, some tiny cryptos were able to grow by more than 1000% and reach the desired top 100, while others that were already in the top 50 bastions simply zeroed. What factors led them to perform like this? Luck, external factors or well-made decisions?

First of all, it is important to clarify that it would be unwise to analyze them disregarding the market context (crypto and non-crypto) of the period, so we’re using a holistic approach.
In our timeframe, considering the traditional market cycle of emotions, in contrast to the standard chart below, the euphoria quadrant had a much larger peak and a much shorter duration, starting in the middle of 2017 and ending at the beginning of 2018, while we were stuck in the period of “excitement” since, maybe, 2015. The emotions in red passed in a rush and at the end of July, we were already in deep “despondency”.

Source: https://russellinvestments.com/ca/insights/the-market-cycle-of-emotions

Besides to the fact that the market completed half of the cycle in less than half a year, some very relevant things, besides the usual phenomena expected of an investment market, happened during this period. In addition to the hype the period enjoyed and the fact that bad, inexperienced investors were frantically joining the crypto market, we…

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Is Tether (USDT) really a stable coin?

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Tether
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Tether is one of the top digital assets in the crypto-sphere. The coin was launched in November 2014 after it changed its name from Realcoin so that the crypto community doesn’t associate it to the altcoins. It is important to know that Tether is a currency that helps to convert fiat currencies into digital currencies.

Moving forward, there have been lots of FUDs around Tether these days as regards to whether it is going to be a truly stable coin as the market has seen dips lately. Also, the FUDs around Tether have raised questions on whether there are any backings to the digital asset.

It is crucial to know that other factors have been attributed, and one of them was a report from last month that stated that Tether and Bitfinex, had gone their separate ways with Noble Bank. The separation made Bitfinex suspend fiat wire deposits – without no reason or whatsoever.

Tether, in regards to market worth, comprises about 92 percent of the market capitalization of stable coins. Also, this stable coin offers two purposes: to stabilize the volatility of Bitcoin, and also to preserve the amount of money purchasing power investors have at hand when the value of larger cryptocurrencies such as BTC drops.

The coin is a good alternative for traders when trying to cash-in on fiat currencies, as we do know that trying to move money from different exchanges to fiat…

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Blogs

TRON Partnership Involves Cloud Computing

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TRON partnership
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It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.

Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.

Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.

However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.

Baidu to…

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