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NEO (NEO) Won’t Remain this Cheap for Much Longer

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NEO is one of the cryptocurrencies with the largest potential to become a representative of the third generation of cryptos. As such, it would be expected that its price would be high enough to top all other coins, and to maybe rival even Bitcoin and Ethereum. This is currently not the case. However, this situation might change soon enough.

About NEO

As you probably already know, NEO is one of the most popular cryptos of the third generation. Its community is huge, and a lot of people have chosen NEO before any other coin, and for good reason.

NEO is a crypto that was created as an improved version of Ethereum (ETH). It has recognized many of Ethereum’s problems, and it has been working hard to fix them and to set a new standard on what crypto is supposed to be like.

It has a large community, and is one of the digital coins with the strongest foothold in the far east, considering that it is the favorite digital coin in China. This is extremely important for NEO since China is usually not very supportive of cryptocurrencies.

Considering that they seem to like NEO and that it shares a lot of similarities to Ethereum, NEO has become known as Chinese Ethereum. The coin has entered a lot of partnerships so far and has had more than decent success in its four years of existence.

And yet, despite a stable situation like that, NEO is still pretty underpriced, with its value being at $37.88 per coin. Many have been wondering why that is, and how is it possible that NEO cannot rise back to the top as it did in December 2017. Back then, this coin managed to hit $160 per token, and NEO enthusiasts are patiently waiting for the old price to come back. Well, as it turns out, they might not have to wait for long.

Why this is the best time to buy NEO

NEO’s price has mostly been going down ever since this year began, with only one large spike that occurred in mid-May. However, there are some indications that this coin can do a lot better.

The low price is something that a lot of great cryptocurrencies share these days, and there might be a reason for it. According to some experts, this reason is closely connected to the psychology behind the purchase of cryptos.

To explain this, we will have to briefly check the history of Bitcoin (BTC) and Ethereum (ETH), the two largest cryptos to date. Both of them were very cheap at the beginning of their careers. Those who discovered them back in the day, and recognized their potential, saw that the time to buy cryptos is when their value is low. That way, people have purchased multiple coins for a single dollar. And, when the prices skyrocketed into hundreds or even thousands of dollars per coin, those people became millionaires overnight.

Now, BTC and ETH are well-established coins, with their potential being known to everyone. However, coins like NEO, EOS, Ripple, and alike are still fighting to prove that they can be just as successful. By having a low price, they are allowing their users to join in, and not miss out on another opportunity to make a large profit through a small initial investment.

After all, buying a lot of BTC or ETH these days is not exactly an option for most individual investors. Even if their prices did go up, there would not be much profit when it comes to small amounts of these coins. However, investing in an underpriced coin, even in NEO which is relatively expensive when compared to many other coins within the top 20, can still make a large return.

The fact is that it is only a matter of time before the crypto market picks up the pace once more. When that happens, the prices are expected to skyrocket again. The time will tell which crypto will walk in Bitcoin’s and Ethereum’s footsteps, and become the main coin of the third wave. However, a lot of people believe that NEO is the right way to go.

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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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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

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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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