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Reasons Why NEO is Bound to Succeed in 2018

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NEO

Despite the fact that NEO is one of the lesser cryptos today, its very nature is something that is expected to help it go far and perhaps even beyond other currencies. There are many reasons why investors should consider NEO, which has a very large untapped potential. Let’s explore some of them, so that you might get a better view of its situation.

About NEO

NEO originally came to be under the name of Antshares. Saying that it is a lesser crypto might not be doing it justice, since it is still among the top 15, with the rank of 11 according to the CoinMarketCap. Just like other cryptos, NEO has experienced both a large rise and a though fall when the market value of cryptos dropped at the beginning of 2018. Its current price is $54.50, which is not bad, considering that there are a lot of other digital currencies that have suffered more or even completely disappeared due to their losses.

Despite all that has happened, NEO still has a very large potential to become the next king of cryptos, and it might even happen during this very year. It might seem unlikely at first, which is why we will now explore a few reasons that might confirm this, at least as a valid possibility.

NEO’s ICO plan

NEO has had a very large success when it comes to ICOs so far. It managed to reach 800% of its growth, and it has proven to be one of the best ways for large companies to get funds for their businesses. It scheduled a number of them in the days to come, and it already held a lot of successful ones in the past. Despite the general mistrust of ICOs around the world, in NEO’s case, this will be one of the biggest forces that will help it achieve greatness.

Smart handling of Smart Contracts

NEO is, of course, a cryptocurrency, but that is not all it is. Some would argue that it is, first and foremost, a platform. As a platform, it had a lot of success as well, and it has proven to be safe and trustworthy. It can offer a secure and stable blockchain, which allows for the creation of dApps and smart contracts.

More and more people are beginning to realize that smart contracts are one of the most important aspects of these new technologies, and NEO is right there with Ethereum (ETH) in this regard. Smart contracts and blockchain tech, in general, hold a lot of potentials, not just for cryptos, but for various businesses, as well as for solving many really big problems in the world.

It doesn’t have a strong presence in exchanges

This one might be a bit controversial, and many are wondering how can this be a good thing? Well, it is, since NEO’s whole thing is relying on revenue received from blockchain investments. Sure, the trading value would be a nice bonus, but it is not NEO’s primary goal. Since it is not that popular with exchanges, it can rely on honest partnerships with those who seek its stability and growth over time. A lot of cryptos have a problem with bullish investors who simply seek to make a profit as quickly as possible, and sometimes, this works out. Most of the time, however, the crypto gets a large but false sense of support, which could lead to ruin.

Community and support

Over time, NEO has managed to develop quite a large community, especially during the crypto hype of 2017. Just like other cryptos, NEO has grown as a project at this time, which has caught the attention of a lot of people. If you are familiar with cryptos at all, you certainly know that having a community that will support a crypto and spread the awareness can be crucial in the times of trouble, especially for smaller coins.

Another very important thing is the fact that NEO is supported by China and its government. This has even gone as far as for NEO to be called Chinese Ethereum. This does not mean that its focus is solely on the Chinese market, however, and NEO makes quite an effort to expand and provide its services to anyone and everyone willing to accept them. Still, support from such a large force can’t hurt.

China became infamous in the world of cryptos after it started banning exchanges, crypto trade, and a lot of things related to cryptos in general. Still, it seems to have a soft spot for NEO, and it certainly won’t miss an opportunity to join and explore technology with such large potential. Right now, China is still trying to figure out a way to regulate cryptos and ICOs, which is a good thing. An even better thing is that it has always worked well with NEO, which might end up being this entire country’s crypto of choice some day.

All in all, NEO is a crypto on the rise, with its efforts being focused on many different aspects of the crypto world. It might not be as popular as Bitcoin, Litecoin, or even TRON (especially these days), but the market is still young, and very, very far from being fully developed. Some time is necessary for the truly capable cryptos to reach their full potential and rise from the large sea of various currencies. Still, that time will come, and when it does, you’d want to be caught supporting the ones that can go far, which is definitely a category NEO belongs in.

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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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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful trading…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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