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NeosCoin (NEOS) Could Be A Great Short Term Crypto Trade

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It’s time to talk about NeosCoin (NEOS). This is a coin that was trading for no more than a penny a piece back in the middle of the year. It’s one of those tokens that sort of ran under the radar against a backdrop of the major coins appreciating in value but that, slowly, has crept into the consciousness of cryptocurrency traders and – especially over the last few weeks – has leaped into the spotlight.

Well, sort of.

At current prices, it’s still only sitting on a market capitalization of a little over $46 million and twenty-four volume comes in at around $3.6 million. That doesn’t sound huge but, again, we’ve got to look at how far Neos has come over the last few weeks alone, and this adds a little perspective to the current metrics.

NEOS Daily Chart

NEOS Daily Chart

So is this a sign of further appreciation?

Let’s try and answer that question.

First up, it’s well worth noting that this one is a relatively young project. Young, that is, in that it’s still in the early to mid stages of development. The coin that underpins the technology isn’t actually all that new, but what Neos is trying to do is still in buildout.

So what is it that the company is trying to do?

Well, it sounds grand – the company is trying to create a new version of the internet.

It sounds grand, because it is. Basically, Neos is trying to employ the decentralized features that a blockchain network allows for to build a network across people can share content, pictures, all that sort of thing (basically, anything that can be shared online) and is building out a front end to this network that is similar to the current format of the world wide web – websites, community spaces, content creation and publication capabilities, all that sort of thing.

So what’s driving the action of late?

To be frank, not a whole lot. Not a whole lot, that is, outside of what seems to be a huge boost ins speculative interest in the coin over the last couple of days. A look at the company’s Twitter hints at planned hard fork but nothing is confirmed yet and we don’t know any set timeframes for the fork in question. Despite this seeming lack of activity (we’re not talking about operational activity here, but more about a lack of communication in terms of fresh operational milestones being reached), volume (as mentioned above) is in the millions on the twenty-four-hour span, with early week volume hitting as high as $5 million worth of coins trading hands daily. When you’re looking at a coin with a market cap of $45 million, this sort of activity is really going to spark some upside action – assuming the sentiment bias is with the bulls, and it very much is here.

So this really does just look like some word of appreciating and – for us – that’s interesting. We often see this sort of action precede a much bigger run, as the major news outlets start to feature the coins in question in their biggest movers tables and – in turn – an increased (secondary) wave of speculative volume flows towards the coin. A sort of self-fulfilling bullish spiral, if you will.

Whether it’s a buy and hold at current prices is tough to say. The vision is there but there’s a lot of execution required to make it a reality. We’re not too concerned with that right now, however. What we’re looking at is this one’s potential for near-term appreciation and – in turn – its value as a short-term trade.

And from that angle, it looks great.

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

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of Neos.

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The rise of the crypto casinos

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In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

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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.

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The Bitcoin Revolution: Everything You Need To Know To Take Profits

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Bitcoin is soaring high in the cryptomarket once again, and experts are expecting a return of the bullish trend of 2017. The current Bitcoin price is $7,615 as of 23 May 6:56 AM UTC. This significant jump comes just six months after the Bitcoin price plummeted to a low of $3150 in December 2018. Since then, Bitcoin has experienced steady growth and gain in the market. However, in the last 30 days, the Bitcoin price peaked to $8,320.82, its highest price ever. This phenomenal jump occurred in a span of only 10 days breaking the Bitcoin record so far of significant gains made in short time frames. This positive growth has led to experts forecasting the Bitcoin price to hit the $20,000 mark by the end of this year.

Since entering the market almost 11 years ago, Bitcoin is still at the top of the global cryptocurrencies list. The current circulating supply of Bitcoin is at unbelievable 17,708,875 BTC. The market trend of the Bitcoin price has remained positive even when the currency did not maintain an uptrend. Cryptocurrency researchers believe that Bitcoin has the potential to grow up to a high of USD 50,000 within the next two years.

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