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

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NEO
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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.

Image courtesy of Maxpixel.net

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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