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Now is the golden chance to invest in NEO, here is why

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The bearish trend in the market has taken over, and it has caused some concerns in the crypto sphere. For most investors, however, the current trend might mean a loss, but to others who have lots of experience in the crypto sphere, this is the best time or the golden opportunity to buy and invest. Most altcoins are taking significant steps to try and develop in the second half of the year.

We are in the second half of the year, but in the first half, there have been some extreme changes with cryptocurrencies regarding price and the structure of operations. Most cryptos try to improve their platforms and this why it is essential that you invest in cryptos like NEO. As bitcoin’s price dipped drastically, lots of altcoins followed the same trend.

During the bullish trend in the crypto sphere that occurred in December 2017, and in the early month of this year (February 2018), the price of NEO increased considerably at $187 and its market cap at that time was about $5 Billion. The crypto held its momentum towards Bitcoin’s price downtrend, thus, falling to a price tag of $144 by late February.

It is necessary to know that within the last one week, it has dipped drastically to $33 (more than 7% decline in value only in previous seven days). Nevertheless, NEO could follow the same path as it did last year when its price increased in the second half of the year – now is the best opportunity to invest in NEO.

NEO has the potentials to surge in the second half of the year

NEO recently began the election of a City of Zion consensus node into its mainnet. However, this occurrence serves as the avenue for the decentralization of its blockchain network.

It is necessary to know that the City of Zion is a team that is backing NEO’s network. However, the team is made up of developers and translators to enhance the growth of NEO’s network.

Other consensus nodes are going to take place this year: the first and second consensus node.

NEO’s blockchain technology has been used by the world to solve real-life problems, and experts also believe that it has the potentials to surge and outdo Bitcoin.

However, Brian Evans an Angel Investor and blockchain evangelist stated through YouTube that,

the big move for NEO is creating an entire smart economy. It has incorporated digital assets, smart contracts, and a digital identity that can be used for real-world applications and become integrated into the real economy. China could (and may) be a candidate for that real-world application and integration.”

The coin is listed by major exchange platforms like Binance, Bittrrex, Bitnex, CoinEgg, Lbank, etc. Another exciting fact why this crypto coin has good potentials this year is that it has business-friendly programming support and a Chinese technology company support.

Crypto enthusiasts believe that there will be a bull run with NEO in the coming months of this year. Nevertheless, now is the best time to purchase and invest in NEO – because the cryptocurrency is cheaper than ever at the moment, and at the same time, on the path for a big bull run.

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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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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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7 Steps to Recovery from a Crypto Trading Loss

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Whether you are a newcomer to the crypto market who mistakenly invested a large amount into the wrong coin, or a professional that made a well-researched decision and something still went wrong, the result it the same — you lost your money to the crypto market. This is a big problem, but also a problem that every crypto trader faces at some point.

The reason may be anything, from simple bad luck to the lack of research. Add to that the fact that the crypto market continues to be extremely volatile, and it is clear that not all of your trades are going to end up successfully.

Whatever the reason is, the fact remains that you experienced a loss and that this is a problem which can affect more than your funds. It can also affect your mind and feelings. Since every successful trade that you have the potential to make in the future depends on you, you have to recover first, and only then should you worry about the funds.

The road to recovery is different for everyone, and it will take a different amount of time and effort. However, there are a few general steps that you can take to recover from a crypto trading loss.

Step 1: Stop and calm down

You have just suffered a major loss. It may have been your mistake, or…

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