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Reasons Why NEO is Bound to Succeed in 2018

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NEO
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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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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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