Technical Analysis of IOTA

IOTA is a cryptocurrency designed for the Internet of Things (IoT). There is no concept of block or blockchain and thus no concept of mining. This also means there are no transaction fees. It uses a different data structure, tangle, which is based on a directed acyclic graph. My opinion is that IOTA could be a very good investment opportunity and putting a reasonable amount of money into IOTA could potentially turn out to be an excellent investment. This cryptocurrency has a very good risk/reward ratio in the market right now which means you stand to gain a lot more for taking a comparatively smaller risk. IOTA has already teamed up with the likes of Accenture and Deutsche Telekom, with ambitions for additional big partners in the future. When we look at the 1-year chart we can see that IOTA is moving in “downtrend” and as long IOTA is below $1 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.2 and $0.4 – If the IOTA jumps above $0.5 that would be a “BUY” signal and the open way to $0.6. If the IOTA jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the IOTA falls below $0.2 that will be a strong signal “SELL” signal and the next target could be around $0.15.

Advice: IOTA can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $4 in the next several years. As for the technical picture, the IOTA remains in bearish phase but if the price advances above $1, short-term traders can enter the position with the stop loss at $0.9 and take profit at $1.3 or even $1.5.

Best Crypto Games to Earn Coins

 
There are a lot of ways that you can earn crypto coins without the need to deposit any equivalent crypto token or the fiat equivalent. From the use of faucet sites, to taking of polls, even freelance works. The problem with this form of earning however is that you will earn crypto coins in fractions which is always small, compared to the time invested in them. Plus it is outright boring; trust me, I have been there.
Any ways, how about earning coins and having fun doing it? There are quite a lot of ways you could do this and one of them is through the playing of games. These games allow you to earn coins or digital tokens which can be exchanged for any coin that is approved by the developers. And these games aren’t just any games, they are games that you can actually get lost in, eliminating the feeling of time wastage and of course; boredom. There are many of these games, but I can only give few. So without wasting much time, below are the best games to earn cryptocurrency coins.
Trading Games

  1. Altcoin Fantasy

The Altcoin Fantasy In this game, there is a leaderb that promises to teach you how to trade crypto within a risk-free environment. Test your trading skills on a competitive leaderboard environment without sacrificing any of your own hard earned money.
Altcoin Fantasy opens their doors to the public in January 2018. You can trade on their website or mobile app which is compatible with both Android and iOS devices. They’re currently available to US and Canadian residents and are looking to expand to Japan, South Korea, and Hong Kong very soo

2. SparkProfit

SparkProfit is a virtual cryptocurrency trading game that you can play anytime and anywhere. With this game, you get to learn skills on trading with cryptocurrency without risks. The game has a simulation in which a player can make predictions on real life financial market exchanges, and it is not just cryptocurrency, Forex is included. The more accurate your predictions are, the more points you earn. These points are eventually converted to any crypto coin of your choice

3. Huntercoin

If you’re a consistent gamer, then you will know massively multiplayer online role-playing games (MMORPG). They are games that enable the participation of a lot of players. With cryptocurrency, a new phase of these games known as massively multiplayer online crypto-coin game (MMOCG) has been on the rise. Huntercoin is one of the first generational games of this phase. For a player in this game, you are faced with two objectives;

  • Hunt for coins and take them to the bank
  • Kill other hunters while doing this

Players are rewarded for every action that they take with crypto coins. Of a player is killed, their collected coins are released back into the map, making them available for others to fight for. The tokens collected in the game are Huntercoins which of course, is not worth much in the market capitalization index But you can trade Huntercoin for Bitcoin on Poloniex

4. Steem Monsters

Steem Monsters is a game that is hosted on the Steem blockchain platform. It is a card game all the data as regards the gae are stored on the platform on which it is hosted. The gameplay revolves round battles. Winners are eventually paid in Steem, rare cards and Steem dollars. There is also a market place in the game where you can buy, sell and trade your earned cards with fellow players. The market is run on Steem. One Steem is worth over $0.43 USD and it is among the top promising altcoins in the crypto market

5. Worldopo

When we talk about the games that are at the cutting edge of the technological revolution, then Worldopo is at the top of the list. Worldopo is a game that combines augmented reality and virtual reality into a real world-building simulation. It uses data from Google Maps which allows players to buy real streets in cities around the world. The gameplay involves players attacking buildings and corporating with other players to build the economy. You can earn Ether, Bitcoin and WPT, its own token.
As stated earlier, these aren’t the whole games that are out there. But if you start with any of these ones, your chances of earning more crypto coin is higher.

Technical Analysis of Ethereum

Ethereum can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $1000 by the end of 2019. The founder of Ethereum Vitalik Buterin spoke recently that the demand for using public blockchains is high and we need to up the stability in order to meet that demand. It is important to say that this cryptocurrency has the largest developer community and that Ethereum’s proof of concept is popular among institutional investors. In my opinion, there’s a very good reason to pay attention to it rather than Bitcoin: a lot of popular projects are launched using the Ethereum blockchain and this platform has big businesses’ attraction to its blockchain. When we look at the 1-year chart we can see that Ethereum is moving in “downtrend”. As long Ethereum is below $400 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $100 and $200 – If the Ethereum jumps above $200 that would be a “BUY” signal and the open way to $250. If the Ethereum jumps above  $400 that could be a strong signal of the trend reversal and the open way to $500. On the other side, if the ETH falls below $100 that will be a signal “SELL” signal and the next target could be around $80.

Advice: Ethereum is an open source development platform that allows developers to build and deploy decentralized apps (dapps). My opinion is that Ethereum could be a very good investment opportunity at the current price levels and putting a reasonable amount of money into this cryptocurrency could potentially turn out to be an excellent investment. As for the technical picture, the ETH remains in bearish phase but if the price advances above $200, short-term traders can enter the position with the stop loss at $190 and take profit at $250 or even $300.
 

Cryptocurrency to the Rescue in Venezuela

Venezuela is currently going through humanitarian crisis; this has resulted to the exodus of a lot of its citizens. According to reports, over a million people have taken flight from the country in the last one year, and there seems to be no hope that this will slow down, as the crisis that are rocking the country does not in any way look like it is ending soon.  As a result of this crisis, the citizens have been forced to live with hyperinflation for over four years now. Hyperinflation in simple terms is a phenomenon in which the general population of a country chooses to invest its wealth in stable foreign currencies, or in non-monetary assets.
Its national currency which is called bolivar unbelievably hit a 57.3% inflation rate in early 2014. And by the end of that same year, the inflation had gone up to 100%. This meant that the bolivar (VEF) was losing its value at a rapid rate, and with the neglect by the government, it hit 46,000% in early 2018.
In a bid to find a long term solution to this problem, the international bodies set plans in motion to influence policies that would alleviate the sufferings that Venezuelans were going through, while at the same time keep a standing pressure on the leaders of Venezuela. It was on this note that cryptocurrencies like Bitcoin and Dash came to being in the country, providing a lifeline for Venezuelans in search of investments and medium of exchanges in which they could trust.

Cryptocurrency Market in Venezuela

The cryptocurrency market in Venezuela has continued to be on the rise since its inception. Despite the fact that the Maduro regime, in its bid to back up its political hold of the country has been making efforts to control the economy and curb international aid, cryptocurrency has continued to thrive. The technology is providing a kind of external aid through P2P cash mechanisms. Citizens are sending remittances on the blockchain platform, eliminating a third party institution and thereby reducing cost. Also, there has also been donation to NGOs within the country from foreigners through the blockchain platform in order to buy and distribute food within the country. The most traded cryptocurrencies in the country are Bitcoin and Dash, with the Venezuelan government launching its own crypto project known as PetroDollar recently.

Bitcoin and Dash

In the year 2016, the number of Bitcoin traded via LocalBitcoins in Venezuela was 8624. This was a a 318.8% increase over the previous year, a year that Venezuela’s inflation rate hit an all-time high of 700%. The following year, it rose to 21,560, a whopping 150% over the 2016 increase. This is just one of the many indicators of the growth of Bitcoin in the country even as the inflation rate continued to rise higher. This growth portrayed in details does not in any way suggest the government didn’t try to crackdown on the cryptocurrency. Apart from that, it is not the only cryptocurrency that the Venezuelans know, hence when the king of cryptocurrency took a nosedive in 2017, Venezuelans fond solitude in Dash.
The cryptocurrency company (Dash) in its report in 2018 made it known that Venezuela was its  scond biggest market. So big that it is more popular than even Bitcoin in the country. Its superiority over Bitcoin in terms of confirmation times, transaction fees is what made it popular in Venezuela. Also, because of the relative price of Bitcoin to the bolivar, it is believed that Bitcoin is not good for micro-transactions. Hence, a lot of merchants in the country opt to trade with Dash. Dash has also made concerted efforts to drive its adoption by the people of Venezuela.

PetroDollar

 
You will probably think that the government of Venezuela is not in support of cryptocurrency. But despite the crackdown it carried out of Bitcoin miners in the country, they had to consider the situation they were in and then decided that it was time to change the story of hyperinflation. In 2018, the government introduced the first state owned cryptocurrency; Petrodollar. The PetroDollar is an oil backed cryptocurrency that the government hopes to leverage in solving the issue of the devaluation of its cryptocurrency. It is going to be measured in terms of barrels and from the news on ground, a Petrodollar is an equivalent of a barrel of oil.
 

Cryptocurrencies in the Healthcare Sector

 
Cryptocurrency is a revolutionary innovation that is expected to change the financial sector in the nearest future. Apart from the financial sector, it has been linked with a lot of other fields that implicates and somehow involves the flow of money. One thing that the innovative technology brought to being is the trustless platform in which the generation processes and the transaction histories are very transparent, eliminating the need for a third party. And on a broader scale, the platform on which this technology runs –Blockchain- is perhaps a solution to a lot of data transfer problems that we are faced with today, particularly in the healthcare sector.
It has been proven overtime that the involvement of a third party body in the health sector is a huge financial constraint that the healthcare sector has been made to shoulder. The elimination of these third parties will not just reduce these financial constraints; it will lead to a system in which data in their volumes can be handled without the need for privacy and security issues. It is on this basis that I say that blockchain; under the auspices of cryptocurrencies is a great way to improve the efficiency of the healthcare sector, and at the same time reducing the cost of healthcare.
In the year 2017, IBM did a study which showed that a chunk of healthcare executives (16percent) had plans of implementing blockchain technologies by the end of 2017. 56percent of the remaining executives were also planning on implementing the same technology by 2020.carried out a study which showed that approximately 16% of healthcare executives were planning to implement blockchain solutions already by year end. Another 56% were planning to do it by 2020. It’s 2019 and the enthusiasm has is still very much in the air as we have seen cryptocurrency projects that are geared towards making the healthcare sector better, either through the management of data, provision of healthcare aids and even the shipping of drugs and vaccines.

The Promise of Cryptocurrency and Blockchain

Quite alright, the blockchain technology is mostly associated with cryptocurrency. But its use has gone beyond just cryptocurrencies as a number of industries have started to explore the prospects of this technology, with implementations already in place. The basis of this exploration is hinged on the fact that data in Blockchain are stored blocks that can’t be tampered with without due permission. The promise that this brings to the healthcare sector is clear. But below are few of the promises;

  1. Traceable Patient Records

 
If the records of patients are record and stored with constant updates in a system built on the blockchain platform, they become secured and unalterable. This means that a patient can simply grant access to any healthcare provider to access and modify these records, creating long health history of the patient in the process. The current system in which this is done is the transfer of medical data from one healthcare centre to another. And then there is the problem of breaches in database where most of these records can either be lost or altered
 

 2. Insurance Fraud

 
Insurance fraud is rampant in the healthcare sector. This happens mostly when patients and healthcare providers falsify information to support their claims to receive payable benefits. This results in the billing for services that were never performed and sometimes, there is the falsification of patients’ medical conditions to justify tests. All of these practices lead to the increase in cost of providing basic healthcare to people. Blockchain promises to solve this issue as it will bring about a drastic reduction of fraud as the information provided by patients is stored in a decentralized system. This means that anybody with the right permission can access medical records.

3. Pharmaceutical Theft and Fraud

 
Pharmaceutical companies since time memorial have been faced with problems of fraud and theft. Most of these anomalies happens in the process of movement of drugs and vaccines from the manufacturer’s to the consumer’s end. The implementation of blockchain will ensure a full record of the movement of pharmaceutical products. Blocking the loopholes involved in the process. This is as demonstrated VeChain who is using blockchain technology to track vaccines and drugs that goes out of China. According to experts, implementing blockchain will not only reduce theft and fraud, it will reduce the issue of drug counterfeits.

The State of Cryptocurrency in Africa

On the global index of the acceptance of cryptocurrency by continents, Africa sits just a place away from the continent at the bottom, but the problem is that Antarctica is inhabitable. So Africa is in fact the continent with the least popularity of cryptocurrency. On the world scale, there are over 2000 cryptocurrencies and every single day, more coins are still being created. But only few of these currencies are in Africa, with the most popular ones being Bitcoin, Litecoin, Ripple, Ethereum and Dash.
If there is anything that has hindered the general acceptance of cryptocurrency in Africa, it has to be the volatility of the market. It can be generally said that changes in prices that the average American or European might not see as significant means a lot to an African. For example, a US dollar is an equivalent of 360naira (Nigerian).  During the first week of 2018, Bitcoin traded at $20,000 USD, and there were a lot of bullish prediction on this coin, with some self-acclaimed prophets predicting $75,000 in value. We all know what happened to Bitcoin about a week later. By the end of 2018, Bitcoin had experienced what is now called crypto winter, trading at %3,700 USD. All these figures are a lot of money for a continent with a lot of people living below a dollar per day. So yes, the mass cannot afford to put in money into cryptocurrency, and even if they could, the volatility of digital currencies scare them. But then again, who isn’t scared?
This does not mean that there is no prospect for digital currencies in the continent. As a matter of fact, some countries in the continent are working on owning cryptocurrency assets and Bitcoin ATMs are now in countries like South Africa. To get a clearer picture of the state of cryptocurrency in Africa, I will now proceed to analyze headlines that are currently making the rounds.

Africa Countries and Digital Currency

 
There are 54 countries in Africa. Out of these countries, South Africa and Swaziland are leading on the acceptance scale. South African seems to be ahead of every other country in terms of acceptance as it is the only country that has Bitcoin ATMs installed. Also, with its unrivalled technological advancement in relative to other African countries, the country is currently host to various cryptocurrency and blockchain start-up projects.
Senegal and Tunisia as sovereign states are recorded to be the earliest adopters of cryptocurrencies. In 2015, Tunisia started issuing the world’s first institutionalized digital currency; eDinar. Although the digital currency has not made the waves that it was expected to have, it is a proof that the government of the country, and the citizens as a whole are aware of the importance of digital currency. Senegal on the other hand issued eCFA in December 2016, a digital currency equivalent of CFA franc, the national currency of the country.
Most of the east countries in Africa seems to be on reserve. Rwanda for example is said to be carrying out research on the potentials of cryptocurrencies and how they could harness these potentials. But in general, most of the governments and central banks in Africa have so far taken the ‘wait and see’ stand as regards cryptocurrencies. It is almost like they are waiting for their European or America counterparts to experiment first before they can join the bandwagon. If there is anything we know Africa for, it is the fact that they do not like failure.

Africans and Digital Currency

 
Bitcoin is the most popular among Africans. It is said that cryptocurrency is not a term in Africa, they rather stick to Bitcoin as the generic name. Although the exact amount of holders of cryptocurrency cannot be ascertained, data from top exchange companies places it above three million holders. Out of these holders, South Africans and Nigeria are the leading holders.
There has been crypto projects that are targeting the unbaked in Africa, among many other projects like the healthcare crypto projects, logistics crypto projects and a whole lot more. If there was any reason why cryptocurrencies were appealing to Africans, it has to be the general perception that it was an unregulated cryptocurrency, totally independent and free from Government interference. But as it stands, the future of cryptocurrencies seems to be gearing towards regularizations by top exchange and security companies. However, this might not in any way affect the investors in Africa. The acceptance is on the rise, and the future looks bright.

Becoming rich as a student through Cryptocurrency

Since its inception in 2009, the cryptocurrency market has created a lot of millionaires. Introducing the world to new set of technology that poses a threat to the traditional way in which we handle financial contracts. But digital currency in itself is not different from the traditional investment schemes like stocks and bonds. In fact, it has been proven to be a more unstable and volatile when compared its alternatives. Hence, the general opinion that it is a get rich quick scheme is not true. However, this does not in any way change the opportunities that exist for investors. Just like every other commodity, everybody with the right money can invest in it; including students.
So, how do you leverage these opportunities as a student to become rich?

  1. Buy/Trade a Cryptocurrency

 
As a student, your first option to getting rich trough cryptocurrency is by buying or trading in cryptocurrency. You have to own it before first. I know that students are laced with academic expenses and all that, but nobody got rich in investing without making sacrifice. You can start by investing your pocket money, or the little change you get when you do part-time work. There are a whole lot of exchange platform in which you can buy cryptocurrencies even in their smallest fractions. One of them is Coinbase, an exchange platform with a top notch user interface. It is unarguable the best exchange for starters in crypto buying and trading.
Now, when you buy cryptocurrency, you have to hold it till it appreciates. Or sell it when it is depreciating. But we all hope for appreciation, so you have to start by investing in cryptocurrencies with high prospects. However, you need to be careful as cryptocurrency is a volatile commodity. Heed to the number one advice in investment; do not invest more than you can afford. As a student, chances are you might not be able to invest much in cryptocurrencies in the top market index. You can start like the current Bitcoin and Ethereum millionaires started; by investing in initial coin offerings (ICOs).
Crypto projects raises capital for their tokens through the use of ICOs. They sell these tokens at a very low price, most of which are at no cost. After this, it begins to appreciate or depreciate. If you pick the right project ICO, changes are you can make over 1000% profit of your investment in a matter of months.

  1. Accept Payment in Cryptocurrency

 
Do you have things to sell? Are you currently working for someone? Are you being pad to tutor other students? Accepting cryptocurrencies for payment is a sure way to be holders. However, you have to take note of the currency that you are accepting. It is advisable that if you must accept payment, it should be with the cryptocurrency projects that are on the top five of the market capitalization list. Imagine a student that was accepting payment in fractions of Bitcoin over his stay in school for whatever part-time job that he was doing in 2014. Chances that he would own about 20 Bitcoins by the end of his stay in school are high. And then when you consider the bullish rise in Bitcoin during the years that follows, you will know that 20Bitcoins is a whole lot.
With a little research, you can find buyers and employers that are willing to pay and make transactions with cryptocurrencies. Your job however is to determine what the service you are offering will cost and its equivalent in the cryptocurrency that is being used for the transaction. You can also sign up for competitions that rewards with cryptocurrencies.

  1. Blogging

 
There are millions of people out there looking for the right information that regards cryptocurrency. Ethereum founder, Butterin was a blogger before he started his company. I am not suggesting that you become a blogger to build your own company; rather I am saying that blogging can make you rich with the right content. Owning a website and blogging requires little or no investment apart from your time and dedication.

  1. Start a Crypto Project

 
Yes! Ethereum is among many other cryptocurrencies that had their beginning stages rooted in when the eventual founders were students.  With the recent boom in ICOs and dApp platforms, launching your own cryptocurrency on an established blockchain like Ethereum has become easy. Now we have crypto coins in the healthcare sector, in agricultural sector, the educational sector and even the governmental bodies are not left out in it. Although we have to agree that being rich should not be your first concern when starting a cryptocurrency project. You could also start an exchange company you know?
There we have it, my super list of how to get rich through cryptocurrency. As established earlier, cryptocurrency is not a get rich scheme. Do not invest what you can’t afford to lose.

Top Crypto Investments That Will Yield 1000% by 2025

What will cryptocurrency be in the future? What will your crypto investments worth in about 6 years from now? In no particular order we will discuss the features & future of some “currently” top cryptocurrencies. And in no particular order our first cryptocurrency will be:
 

ZCASH

 
Its genesis dates back to 2013. Zcash was formerly known as Zerocoin and was invented by a team of scientists; Matthew Green, Ian Miers, Christina Garman, Aviel D. Rubin
Zcash (ZEC) is another Crypto currency like bitcoin but with a few different features. Just like Bitcoin, it is based on a decentralised blockchain but allows for anonymity behind all transaction amounts and the parties involved. In Bitcoin if you know someone’s address you can follow their transactions and you can see all their addresses and their transaction amounts. Its quite clear how much money is moving around, with ZCash all the information is encrypted.
 
Yes! Zcash has caused a lot of controversy with its cryptocurrency distribution methods but this is because the organisation is not set up as an open source community but as a Company. This is the first major difference between ZEC and other cryptocurrencies such as the ethereum. Another very distinct difference is how they plan on rewarding  investors and workers in the Company. They plan on doing this by a tax on mining rewards called “Founders’ reward.”
 
Currently, the Zcash is at about $449 but experts believe that Zcash has the potential to fill the void left by the declining off-shore banking sector and to gather much more persons across different financial backgrounds into its fold and not only wealthy elites. Some perosns have even posited that the Zcash price would reach $6,289 at only one percent of the global off-shore wealth. That alone is an over 1000% increase from its current price level. Following this predictions, the Zcash could reach a peak of about $62,293 or more by 2025.
 

DASH

 
Rated as the 15th most valuable cryptocurrency, DASH brings alongside lots of promises; it is noteworthy to mention the fact that Dash is not subject to the pressure of mining cartels or feuding core developers and this goes to show that its appreciation could as a matter of fact, stabilize in a couple of years. We believe that DASH would receive more acceptance in the 2020 and upwards especially for peer-to-peer transactions such as money transfers. We also believe that if DASH’s superior blockchain makes it easier to carry out transactions, it could see its price going up to the $1,000 range. As we know, one of the most interesting feature of the DASH coin is its ability to transfer funds to prepaid debit cards with much more ease as compared to other cryptocurrencies. For 2025, if the DASH coin can continue to be an investment commodity and enjoy greater circulation and stability, we certainly will see the DASH coin reach a high of over $1,500. That would be over 1000% of its current price level.
 

ETHEREUM

 
Ethereum was invented by Vitalik Buterin and is known to run on smart contracts and accelerates hash time and consequently reduces processing time for transactions. The smart contracts enabling system of Ethereum has been widely accepted and adopted. It is now the second most valuable cryptocurrency and its popularity is expected to increase as it becomes adopted by more and more persons.
If we were to assume that both bitcoin and ethereum represent half the worth of the crypto market each having 25% (1,137,500,000,000), and then we divide this amount into 100,000,000 (the maximum amount of Ethereum to be in circulation) we will find the value of one Ethereum to be $11,375. However, on the long run like in 2025, most experts believe that the value of ethereum will be $30,000 seeing that ethereum is for a non-profit initiative; and that Ethereum is regulated by the forces of demand and supply and the demand for Ethereum is steadily increasing. So by 2025, citeris paribus ethereum will be 1000% more than its current value now.
So there you have it. That’s our list of top cryptos that will yield 1000% and more, though we know that other cryptocurrencies can yield good investments within the said period, but this post solely focuses on those crypto investments that would increase the yield by over 1000% more.

Why You Should Invest In Japanese Cryptocurrencies

The bullish rise in value of the cryptocurrency economy in 2017 was recorded to have been majorly influenced by countries from Asia. China for example was the biggest player in the Bitcoin market as it controlled 80% of the global trade volume of the creation of Satoshi Nakamato, but that was before the Chinese government started cracking down on digital currencies as a whole. If you can recall, you will be familiar with the famous ban on ICOs by the country which also triggered the closing of the biggest cryptocurrency exchange companies in the country. This led to China forfeiting their number one position, thereby giving other countries within the Asia continent to shine. Countries like Singapore, Indonesia and South Korea have cryptocurrency economy that is worth watching out for currently, but Japan among these countries has emerged as the next force.

World Power Status

Japan is an emerging world super power. Its national currency (Japanese Yen) in the cryptocurrency market is currently the second most traded currency, trailing just after the US dollar which is number one. As at January 2019, the Japanese Yen accounted for 57% of Bitcoin, and US dollars accounted for 28.4%. It is thus clear that although the US dollar is the overall leader in cryptocurrencies, Japan has overtaken China as the global leader in Bitcoin market. In April 2017, the government recognized Bitcoin as a form of payment. It then gave approval to about ten cryptocurrency exchanges companies to operate. The country even has a themed girl group called ‘The Virtual Currency Girls’. The Virtual Currency Girls is an eight member group whose members are representatives of eight different cryptocurrencies. All these developments are not as a result of chances; rather they are as a result of the approach in which the Japanese government has adopted in their dealings with cryptocurrencies. It is the first and only country which an institutionalized legal system that is regulating the trading of cryptocurrency, hence it provides the safety needed for investors who have nurtured concerns on trustworthiness of exchange companies.
 

Embrace of Cryptocurrency by Government

In macroeconomic terms, the embrace of cryptocurrency makes sense. Japan has taken time to recover from its so-called ‘Lost Decade’ of economic stagnation. Its relatively low growth and high savings rate make cryptocurrency an attractive option. While a trailblazer in tech development, Japan and its authorities are notoriously conservative when it comes to financial innovation. The government’s forward-looking attitude to virtual currencies may in fact be a reaction to that. The use of blockchain has given Japan an opportunity to shake things up a little and push local banks into more aggressive development. At the same time, the state’s proactive approach to regulation is also a way to keep crypto trading under centralized control.
Since the legalization, Japan has enjoyed what seems to be an endless cryptocurrency boom, with massive yields in retail investor interest and over-the-counter (OTC) services. Trading is not just their strong points as their trading companies are some of the best in the world; the country has also been a destination for testing of blockchain innovations. It is a general saying that most crypto currency start-up companies have higher chances of surviving through their first year if they have their market in the Japanese cryptocurrency market. They’re not just making strides when it comes to trading. Japan is also becoming an important testing ground for blockchain innovation. For example, the Japanese government in a bid to demonstrate their support for blockchain and cryptocurrency gave a go ahead for the partnership of Hitachi and Tech Bureau to build a blockchain system that runs on NEM-based Mijin Blockchain platform.
Currently, the issuance of ICOs is currently banned in Japan. And due to the regulation of the exchange companies in the country, the numbers of crypto coins that are traded in the market are limited. However, some of the top cryptocurrency companies in Japan include Coincheck, Bitflyer, Ginco, BitPoint, Tech Bureau and a host of others. Experts say that the best is yet to come for cryptocurrency in Japan as there are a lot of cryptocurrency projects that are being generated. With such backing from the government and a willing customer base reach, one cannot deny the fact that investing in Japanese cryptocurrency market is a gold mine.

Technical Analysis of NEO

NEO can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $200 in the next several years. This cryptocurrency is previously known as Antshares and is often considered China’s response to Ethereum. NEO is a platform and China’s first-ever open-source blockchain in which users can issue and trade assets. NEO cryptocurrency represents ownership of the NEO platform and allows users to vote on protocol changes on the NEO blockchain. The team behind NEO is very good and its founder Da hongfei is a great expert and a good leader. Another positive thing for NEO is that the Chinese government has embraced the platform, while simultaneously distancing itself from other cryptocurrencies like Ethereum and Bitcoin. When we look at the 1-year chart we can see that NEO is moving in “downtrend”. As long NEO is below $40 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $5 and $10 – If the NEO jumps above $10 that would be a “BUY” signal and the open way to $15 or even $20. If the NEO jumps above  $40 that could be a strong signal of the trend reversal and the open way to $60. On the other side, if the NEO falls below $5 that will be a strong signal “SELL” signal and the next target could be around $3.

Advice: My opinion is that NEO could be a very good investment opportunity and putting a reasonable amount of money into NEO could potentially turn out to be an excellent investment. As for the technical picture, the NEO remains in bearish phase but if the price advances above $20, short-term traders can enter the position with the stop loss at $18 and take profit at $25 or even $30.