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Will NEO Be Amongst The Top 3 Cryptocurrencies Of 2018?

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NEO

Cryptocurrency market as a whole had experienced massive ups and downs in the previous year. As a large percentage of Altcoins are dependent on the movement of modern crypto-giants such as Bitcoin, a little volatility in its price and market cap can have a pivotal impact on several Altcoins. Besides, the competition for a decent price and position in the market is getting increasingly tougher and more complicated with the advent of new initial coin offerings (ICOs) that would be eventually tokenized into a legitimate cryptocurrency. Amongst nearly 1800 coins, 1541 coins are currently listed on Coinmarketcap (as per the data on 6th March 2018). Under such circumstances, even a layman in this field would be able to figure out why it is important for a digital coin to offer something unique to its users in order to ensure sustenance and progress.

While most of the coins are suffering due to the capricious nature of this market, some cryptocurrencies are holding their ground with considerable equanimity and showing stability in their prices. NEO, the cryptocurrency developed in China, can certainly belong to the list of such stable digital coins. To many investors, this coin is popularly known as the “Chinese Ethereum” because of its similarity in technology with the blockchain network of Ethereum. Since 6th February of this year, NEO has exhibited a significant upsurge and is currently holding the sixth position on Coinmarketcap. Here, a few aspects of this coin would be discussed that can be the potential reasons behind NEO having a very successful 2018.

NEO Internal Architecture:

Like Ethereum, NEO is a blockchain platform as well as a cryptocurrency that enables Smart Contracts along with the development of digital assets. It was first launched as AntShares in 2014 by Chinese developer Da Hongfei. NEO uses a unique delegated Byzantine Fault Tolerance Consensus mechanism and as a result, it can carry out more than 10,000 transactions per second successfully. Another important aspect of NEO’s mechanism is that it can be staked to produce another cryptocurrency that helps to fuel the platform as well as to pay for the deployment of smart contracts and computation within the network. The other cryptocurrency is known as GAS coin.

Reasons Why the Market Trend is in Favour of NEO:

It is nearly impossible to find out the definite reasons behind a coin’s price upsurge as well as the downfall in the cryptocurrency market as the entire mechanism is based on calculative speculation and market sentiment. However, if we could delve into multifarious aspects of a cryptocurrency, some factors can be considered influential in foreseeing a possible future. For NEO, such factors include:

Association with Onchain: Several investors are hopeful about NEO’s future because of its association with Onchain. Although many people mistake Onchain as a derivative of NEO, in reality, it is a completely different entity that helps business organizations across the globe implement blockchain technology into their individual operations. Onchain was developed in order to separate the digital currency from the blockchain development team. Onchain offers a sui generis blockchain solution known as DNA that helps in utilizing the benefits of blockchain technology. The growth of this cryptocurrency is commensurate to the same of Onchain as it offers extra traction along with more interest from clients and business enterprises.

The Presence of Various Assets: Most of the cryptocurrency platforms focus on trading their corresponding digital currencies only. For example, the blockchain platform of Ethereum only focuses on the trading of their default cryptocurrency Ether. NEO, on the other hand, incorporates a significant number of assets on its platform including its own cryptocurrency. This unique feature makes NEO a globally accepted digital system of smart economy. The variety of assets is likely to make a positive impact on NEO’s future.

Improvement in Technology: Despite its similarity with Ethereum Blockchain, the developers of NEO were able to make considerable ameliorations over Ethereum. For example, the smart contracts on Ethereum can only be developed if the user is well versed in Ethereum’s native programming language. On the other hand, smart contracts of NEO can be developed by using familiar languages like Java, C#, JavaScript, Python, etc. This feature makes NEO much more user-friendly and convenient.

Partnerships: In December of 2017, NEO engaged in a partnership with 18 major financial institutions along with cryptocurrencies like Red Pulse, Nex, Qlink, and several others. Such partnerships are likely to provide more exposure to this coin and eventually increase its circulation.

Current Market Scenario and Speculation:

As per the data of 6th March 2018, NEO holds the 6th position on Coinmarketcap with a whopping market capitalization of circa $5.5 billion USD with an individual value of $85 USD.

If NEO continues to follow the upward trend as per the current price chart and be able to hold its ground even when other cryptocurrencies are suffering from drastic losses, 2018 can be a very promising year for this coin. Although it is just the beginning, with the right partnerships and listing on right exchanges, NEO can become one of the prime cryptocurrencies of 2018.

We will be updating our subscribers as soon as we know more. For the latest updates on NEO, sign up below!

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 David Barnas via Flickr

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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

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Aluna.Social

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, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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