Connect with us

Blogs

NEO, EOS, and Cardano (ADA) – 3 Best Coins to Invest in Right Now

Published

on

NEO
READ LATER - DOWNLOAD THIS POST AS PDF

Investing in cryptocurrencies is always a risky thing to do, especially for newcomers to the crypto world. Deciding which coin is worth it, which of them might have a future, and which will provide returns on your investment is never easy. This is why most people decide to go for Bitcoin (BTC) and Ethereum (ETH). These two have proven their value, and have a reputation as coins that can make you rich.

But, are those the only ones that you can trust? Is there no other coin that is a safe bet? Well, there is. In fact, there are three of them – NEO, EOS, and Cardano (ADA). Of course, you should not take our word for it, which is why we will see why these coins are the best choice for new investments.

NEO, EOS, and ADA

There has been a lot of talk about these three coins in the last several months, and with good reason. Each of them has managed to make significant advances, in their own way. They have experienced a significant increase at the end of 2017, just like all other coins. Despite the fact that they were hit hard after that, the coins kept fighting, and have even managed to reach some level of stability, hitting certain prices, at sticking to them.

NEO and EOS, even though they have their own goals, were even seen as rivals. Each of these coins has been seen as a possible candidate that has the power to kill off Ethereum and replace it. Additionally, they represent the third generation of cryptos, as well as Cardano. While Bitcoin was the coin of the first generation and has become its representative, Ethereum belonged to the second one and had become a representative of the second wave.

Now, the third generation is struggling to find a coin worthy of being the primary crypto of the third wave, and all of these coins are possible candidates.

Where does the potential of these coins lie?

NEO has a lot of potentials, especially in the eastern markets. It is designed to be very similar to Ethereum, in terms of what it has to offer. Many would argue that it is actually doing everything that ETH is doing, only better. It is also very popular in China, which has been known for its skepticism towards cryptos. These things have earned it the nickname ‘Chinese Ethereum,’ and this coin has a potential to dominate this untapped market.

As for EOS, it has made significant progress recently by launching its own MainNet. True, the launch did not go without minor issues, and the network even had to go offline for a bit due to a glitch that was discovered soon after the launch. Still, EOS’ team managed to respond and fix the issue very quickly, and the coin did not have any large issues since. Despite the glitch, launching its own MainNet is still a big achievement, and EOS has a lot to be proud of.

When it comes to Cardano, this is a coin that has had a lot of success in terms of quality and stability. The coin isn’t highly-valued yet, but it definitely had the smallest price oscillations of the three. It is also among the newest cryptos, and while many other coins made a mistake of rushing things in order to be launched as soon as possible, Cardano did not. Its team consists of professionals and academics who know what they are doing and the best way to do things. This is why they were focused on developing ADA’s technology for months, rather than hurrying to put the coin out there.

As a result, Cardano has never had any big problems, nor did its price constantly rise and drop, as was the case with many other cryptos. It has been and still is, one of the most well-balanced cryptos in the market.

All of these cryptos have entered numerous partnerships over the last several months, and they continue to improve with new updates, projects, and products. They are all seen as good investments and coins with a bright future ahead of them. A large part of the crypto community expects that they would skyrocket as soon as the market allows it, which is why potential investors might want to consider purchasing them while they are still underpriced.

For the latest cryptocurrency news, join our Telegram!

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 Pexels

Blogs

Blockchain-Focused ETF Arrives on London Stock Exchange

Published

on

blockchain-focused ETFs
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

Continue Reading

Blogs

Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

Published

on

Jeff Bezos
READ LATER - DOWNLOAD THIS POST AS PDF

Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

Continue Reading

Blogs

Three Biggest Things To Know Come Cryptocurrency Tax Season

Published

on

cryptocurrency tax
READ LATER - DOWNLOAD THIS POST AS PDF

In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.

These three tips should help anyone looking to legally report their crypto activity to figure out where to start.

Documentation is key!

There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting.  Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.

Calculate your total gains

Continue Reading

Elite