Neo

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. The cryptocurrency market has advanced around 2-3% in the last 24 hours and the price of NEO is also supported by this situation. The price of Bitcoin is still below $8 000 and there is a correlation between the price movements of Bitcoin and other cryptocurrencies. 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. This cryptocurrency is previously known as Antshares and is often considered China’s response to Ethereum. 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 $10 and $16- If the NEO jumps above $16 that would be a “BUY” signal and the open way to $20 or even $25. 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 $10 that will be a strong “SELL” signal and the next target could be around $8.

Advice: According to estimates, this cryptocurrency has a bright future but I would invest only a small sum of money in NEO.  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.

Technical Analysis of NEO

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. This cryptocurrency is previously known as Antshares and is often considered China’s response to Ethereum. 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. 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. NEO was one of the best performers on the cryptocurrency market in the first three months of the 2019 year, in less than 90 days the price of NEO has advanced from $7 above $14 but the current price stands around $9.6. 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 $8 and $10 – If the NEO jumps above $11 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 $8 that will be a strong signal “SELL” signal and the next target could be around $7.

Advice: According to estimates, this cryptocurrency has a bright future but I would invest only a small sum of money in NEO.  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.

Technical Analysis of NEO

NEO was one of the best performers on the cryptocurrency market in the last several weeks, in less than 30 days the price of NEO has advanced from $8.5 above $14 and the current price stands around $11.5. NEO is a platform and China’s first-ever open-source blockchain in which users can issue and trade assets. NEO cryptocurrency represents an ownership of the NEO platform and allows users to vote on protocol changes on the NEO blockchain. 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. 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 $10 and $15 – If the NEO jumps above $15 that would be a “BUY” signal and the open way to $18 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 $10 that will be a strong signal “SELL” signal and the next target could be around $9.

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.
 
 

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.

ALT COINS TO WATCH OUT FOR IN 2019

An altcoin is any digital cryptocurrency similar to Bitcoin. They are all the alternative cryptocurrencies launched after the breakthrough of Bitcoin. They generally project themselves as better substitutes to Bitcoin. The term is said to stand for “alternative to Bitcoin” and is used describe any cryptocurrency that is not a Bitcoin. The success of Bitcoin as the first peer-to-peer digital currency paved the way for many to follow. Most popular altcoins use the same fundamental building blocks as Bitcoin. This implies that most altcoins are peer-to-peer, and they involve a mining process through which the users can solve difficult problems in order to unlock blocks, and they also offer efficient and cheap ways to carry out transactions on the web. altcoins vary widely from each other even with their many overlapping features – altocoins differentiate themselves from bitcoin with a range of procedural differences, including different proof-of-work adifferences the different means by which their users can sacrifice energy to mine blocks and application advancements to increase their user’s anonymity.

In April 2017, the size of the cryptocurrency market was just about $25.9 billion but as now, it stands at about $409.5 billion. The market growth gave room for many new cryptocurrencies to emerge. So it is pretty tasking to pick out the vest alt coins as there are hundreds to choose from. But in this article, I will show you the best 5 alt coinsto watch out for in 2019 so buckle up, its going to be a long ride.
Many of these altcoins are basically forks of Bitcoin, developed on its open source code. It can be a difficult task to choose the best altcoins, as there are thousands of options out there.

Best Altcoins to Invest in 2019

1. Litecoin

Litecoin is one of cryptocurrency’s oldest altcoins, it was created in 2011 by Charlie Lee(ex-google employee). Litecoin is just a digital currency like bitcoin but with certain upgrades. Litecoin shows very many improvements from that of bitcoin, especially its remedy of bitcoin’s slow transaction speed. As a matter of fact, the reason that it is called Litecoin is because it is 4 times faster than Bitcoin. A Bitcoin transaction could take about 10 minutes to complete but a Litecoin transaction is done and dusted in 2.5 minutes. This makes Litecoin more scalable than Bitcoin as the litecoin can complete more transactions per second than the bitcoin can. The litecoin is fairly easy to purchase because it is offered by most of the top cryptocurrency exchange platforms. You can buy Litecoin from Kraken or from Coinbase or Coinmama or Bitsquare.

2. Ethereum

Ethereum was launched in July 2015 by Vitalik Buterin. All the list of the best altcoins must have listed in them, Ethereum. Ethereum is the second most valuable cryptocurrency after Bitcoin and it has a current market capitalization of about $64.35billion.
The price of Ethereum has grown from $9 in January 2017 to $1,389 in January 2018. And its price has almost doubled in price within the last one month, from $396 at the beginning of April (2018) to $648 today.
Why is Ethereum so unique and different from Bitcoin?
Bitcoin is just a virtual currency, but Ethereum has more to offer in addition to that. Ethereum provides a platform for the developer on which they can build blockchain-based smart contracts and decentralized apps.
Ethereum was the first cryptocurrency token to introduce smart contracts(Smart contracts are agreements coded on the blockchain that execute themselves on when certain pre-set conditions are met), and smart contracts are now considered as the next big thing.
As one of the most widely available cryptocurrencies, Ethereum can be purchased from any popular exchange. Many of these exchanges support credit/debit cards in addition to bank transfer. So you can purchase Ethereum from Coinbase or Coinmama or CEX.io or Gemini.

3. NEO

NEO, which was originally called AntShares. It was created in 2014 by Da Hongfei in China. It is the biggest cryptocurrency which is of Chinese origin. NEO, like Ethereum, is a platform designed for developing decentralized applications (Dapps), Smart contracts and ICOs. It has very close resemblance with Ethereum and because of this close resemblance to Ethereum, NEO is often referred to as the “Chinese Ethereum”. One of the major factors which is propelling growth for NEO is the support it enjoys from the Chinese government and its robust technology. NEO has a vision of building a smart economy and this Impliesthe digitization of physical assets like cars, houses etc. To buy NEO, you must First buy bitcoin and then exchange it.

4. CARDANO

Cardano fixes three of the most pressing challenges the first and second blockchain generation projects faced. These challenges are: availability, interoperability and sustainability. Cardano offers advanced improvements over Bitcoin as well as over Ethereum. Cardano is a decentralization app building platform with its unique native frequency.
Cardano also profers solutions to the problem of slow international payment transfers by reducing the cost and speed to a few seconds. Cardano can easily be gotten from coinmama but if you wish to buy from other platforms, you will need to but bitcoin first.

5.DASH

Dash was launched about 5 years ago by Evan Duffield. It was first called Xcoin then renamed Darkcoin but in 2015 it was finally re-branded to Dash. Dash has a market capitalization of about $3.79billion so could be one of the best coins to invest in 2019. Dash has made some giant strides And the technology and offers better privacy and a higher transaction speed than Bitcoin.
Unlike Bitcoin in which the address of the sender is made public, Dash keeps the addresses hidden. So, Dash’s transactions cannot be traced back to the origin, while Bitcoin transactions are traceable.
Dash also has its own self-funding mechanism (0% of all the mining reward goes back to the Dash.) This fund is used to further improve and grow Dash.

Technical Analysis of NEO

NEO is a platform and China’s first-ever open-source blockchain in which users can issue and trade assets. This cryptocurrency is previously known as Antshares and is often considered China’s response to Ethereum. NEO cryptocurrency represents an ownership of the NEO platform and allows users to vote on protocol changes on the NEO blockchain. 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. 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 XRP falls below $5 that will be a strong signal “SELL” signal and the next target could be around $3.

Advice: NEO can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $100 in the next several years. Yes, it is true that the price could fall even more but the current price of NEO stands around $7.5 and this is an excellent entry level for the long-term investors. 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.

Technical Price Analysis of Neo(Nov.6th)

NEO, formerly known as antshares, is considered to be China’s answer to Ethereum. Both cryptocurrencies use smart contracts but NEO takes advantage of its unique blockchain in order to improve on Ethereum’s network. NEO is the first decentralized, open-source cryptocurrency and blockchain platform launched in China.
NEO is a blockchain platform and cryptocurrency designed to build a scalable network of decentralized applications. The base asset of the NEO blockchain is the non divisible NEO token which generates GAS tokens that can be used to pay for transaction fees generated by applications on the network. The GAS token is designed to act as fuel for the NEO blockchain and act as a form of security. GAS was not premined and it is designed to be used to allocate resources and maintain the day to day running of the blockchain. It will also be used to reward users maintaining the blockchain.
NEO supports a wide variety of commonly used programming languages such as Javascript, C#, Python, Java, and Go, by using a customized version of Docker called NeoVM that compiles the code into a secure executable environment.
One of the biggest reasons why you should go for NEO in this time of change and possible recovery is the way that NEO has been acting prior to this year’s bearish market. Back in the day, when the crypto prices went on a true rise, NEO managed to hit $187, which was its record, and it came just before the market drop in January. If it weren’t for the constantly bearish market, NEO’s price could have survived the first wave of price drops. Its value even managed to hold on to a decent price for over a month of price drops, which was seen in mid-February, when it was still quite good, at $144 per coin.
However, the market remained for over half a year, and by May, NEO dropped below $100. Many wanted that this is as low as it can get and that the situation will surely take a turn for the better soon. However, they were disappointed when NEO dropped to $29 by the end of June. A little over a month later, NEO has dropped again, but only slightly, and many would argue that the current price of $28.05 might indeed be as low as it could get.
So, NEO has been performing more than well under the proper conditions. It is the cryptocurrency which has most recently given a powerful return to its investors. According to statistics, it would be of great advice to invest, buy or sell NEO.