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What Does the Future Hold for NEO?

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NEO
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So far, NEO has demonstrated that the crypto doesn’t have to be within the top 10 in order to be successful. In fact, it has been one of the fastest-growing crypto platforms around. Still, this is a difficult time for all cryptos, and both new, and experienced investors have been wondering about this crypto, whether it has a future, and if so, what is in store for NEO. Experts believe that it does, and a very bright one, at that. Let us see why.

About NEO

NEO is a cryptocurrency that has yet to become big in the western part of the world. However, the East has seen its potential a long time ago. In fact, NEO is one of the most beloved cryptos in the East Asia, which is why it is often called ‘Chinese Ethereum’. It currently holds the 12th place on CoinMarketCap‘s list, but there are indications that this crypto might rise far above it, and reach the top 10 once more, or maybe even top 5.

Despite the fact that China is among the countries that are not that friendly to cryptos, they still made an exception when it comes to NEO. This is one of the first, and biggest reasons why the experts believe that NEO will go big sooner or later. It is based on its own blockchain and offers the creation of smart contracts and dApps.

We have already mentioned that it is called ‘Chinese Ethereum’, and this is no coincidence. In fact, NEO is a lot like Ethereum, but it aims to do things better, and eventually surpass ETH, which is no small feat. One of the biggest advantages that NEO has over Ethereum is the ability to allow developers to code in various programming languages, where ETH only allows for one, and it is the one of its own creation.

Some things that make NEO specific include the fact that it cannot be divided, which led to the creation of another crypto in its community – GAS. GAS basically serves as a smaller version of NEO and acts as a cent to its dollar. NEO’s platform actually has yet another crypto, which is a relatively new addition and is called Trinity (TCN). TCN is nowhere near as successful as NEO, of course, and not even as GAS. Still, it was listed on BCEX, which may only be a start for this coin.

NEO criticism

Of course, just like other cryptos, NEO is not perfect. One of the biggest issues that the investors have with this crypto is its centralization. NEO is still being controlled by NEO Foundation, which means that they are the ones calling the shots, which goes against the very point of cryptos. The crypto enthusiasts believe that the decision-making should be left to token holders so that the crypto would ‘do’ what the people want it to do. So far, it has not yet been centralized, although there are plans to decentralize it.

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What will happen to NEO’s price?

At the time of writing, according to CoinMarketCap, the value of NEO token is at $31.43. This is significantly lower than what the coin used to be worth at the beginning of the year when it exceeded $160 per coin. Still, many believe that this is a rough patch, but the one that will blow over eventually, and that NEO will be able to return to the glory days.

There are many reasons why this may be true, and why NEO ultimately is a pretty good investment. The support from the Chinese government was already mentioned previously, but it is still a good one to start with. Additionally, NEO’s biggest adversary right now is  Ethereum, and despite its size, age, and many advantages when compared to BTC, Ethereum still has technical disadvantages when it comes to NEO.

Next, NEO is known for its concept of smart economy. This is maybe one of the most important reasons why this crypto is not going away since it allows for digitizing almost any of the real-world assets. The concept of smart economy involves even more, and it can be seen as a combination of digital assets, digital identity, and smart contracts. Thanks to the blockchain, traders will be able to get in contact with one another directly and conduct their businesses in a safe, transparent environment.

Conclusion

So, what does the future hold for NEO? According to everything mentioned earlier, this crypto has a reason to stay, and the business world has a reason to want it to stay. NEO brings a lot of various advantages, which will change the way that the economy works forever.

It still has a long way to go before it reaches the heights that it is expected to reach, but if one thing is certain, it is that this crypto is here to stay.

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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

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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ZCash
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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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