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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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