FREE BITCOIN

Gamble as you want,

your wife will never find out!

First p2p bitcoin betting platform!

Guess Bitcoin’s trend and win!

Clever enough to guess

Bitcoin price?

Will NEO Be Amongst The Top 3 Cryptocurrencies Of 2018?
Connect with us

Blogs

Will NEO Be Amongst The Top 3 Cryptocurrencies Of 2018?

Published

on

NEO
READ LATER - DOWNLOAD THIS POST AS PDF

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

Blogs

The Crypto Space Once Again Divided Over Bitcoin SV

Published

on

Bitcoin SV
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

Continue Reading

Blogs

Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

Published

on

Ripple
READ LATER - DOWNLOAD THIS POST AS PDF

One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

Continue Reading

Blogs

Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

Published

on

Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

Continue Reading

Elite