Four Reasons to be Bullish on NEO

NEO is a project that most of you are probably familiar with by this point, and it is often referred to as the ‘Chinese Ethereum.’ This is a fair high-level comparison, but NEO operates utilizing the Delegated Byzantine Fault Tolerance (DBFT) algorithm - which is a consensus mechanism (as opposed to proof of work/stake) that allows distributed systems to operate effectively and efficiently in the event of a failed component. NEO has traded as high as $180 USD in early 2018, but has since slumped heavily. It now trades around $68 USD on Binance today and has really lagged behind the recent market rally of coins like Bitcoin and Ethereum. There are many reasons that outlook remains bullish on NEO, and below we’ll go through a few:

1. Adoption - The NEO platform already has 19 projects deployed and running, these are issued in NEP5 format and offer advantages to the ERC20 format of Ethereum. Some NEP5 tokens include Ontology, RedPulse, KuCoin, and DeepBrainChain. They have one of the largest crypto Reddit communities(r/NEO) at over 90,000 subscribers.

2. Partnerships - The NEO team has announced they are working with the Chinese Government Authorities around integrating real-world assets and smart contracts. NEO is also a part of the G3 alliance, alongside Bitmain(largest Bitcoin mining pool in China) and Elastos (decentralized internet project).

3. Ecosystem - NEO is positioning itself on a larger scale to become the public cloud of China, offering a full suite of tools such as NeoX (cross-chain contract execution), NeoFS (decentralized storage), and NeoQ (quantum-resistant cryptography).

4. Leadership - Da Hongfei is a tremendously established and well-respected crypto leader in the world! Check out Coin Central’s spotlight bio to learn more about him.

The opinions expressed on Crypto Bull are in no way financial advice and are only opinions. We are not responsible for any losses incurred as a result of reading our blog.

Cryptocurrency Airdrop 101

Airdrops have become a popular term in the realm of crypto. By definition, an airdrop refers to: “a procedure of distributing tokens by awarding them to existing holders of a particular blockchain currency, such as Bitcoin or Ethereum.”  Cryptocurrency airdrops are essentially a means of receiving free tokens in a new project by holding the mainchain token it is deploying on. Examples of airdrops include Bitcoin Cash and Bitcoin Gold (both of which airdropped from a snapshot of those who held BTC.) As more projects develop, and new protocols emerge, we wanted to discuss a few tokens that could be great to hold in order to benefit from airdrops moving forward.

1. EOS - EOS is a top ten crypto, and the team is building a blockchain platform that is feeless and scalable. The team has already announced they will be airdropping projects that will be going live on the platform such as Everipedia. The EOS mainnet will launch and June and it could pay major dividends moving forward to register and hold EOS for future airdrops as well. It currently trades at $11.48 on Binance.

2. LRC - Loopring protocol is building a decentralized automated execution system that trades across the crypto-token exchanges, shielding users from counterparty risk and reducing the cost of trading. LRC is an ERC20 token(built on Ethereum network), but the team will be airdropping LRN and LRQ to support cross functionality for both NEO and QTUM. As the space becomes more siloed, LRC could be a great connector, and receiving airdrops of future network support tokens could be a big advantage for those that hold Loopring. LRC trades at $0.76 on HitBTC at the moment.

3. PRL - Oyster Pearl is a protocol focused on enhancing web revenue experiences by enabling website owner’s with an anonymous and decentralized user-friendly way to implement both revenue generation (only have to add a line of code), file storage. Recently, PRL holders received a 1 to 1 airdrop of SHL (Oyster Shell), which is essentially the gas of the network they are building. Holding PRL could yield more free tokens if the network expands additional functionality moving forward! PRL trades at $0.74 on Kucoin at the time being.

These are three projects that are not on everyone’s radar, and it is likely that the staple tokens like Bitcoin, Ethereum, NEO will also have a variety of airdrops moving forward. It is important to note that not all airdrops are supported on exchanges, and often the most effective way to receive an airdrop is to store on a personal wallet such as Metamask or a Ledger Wallet.

Always make sure to do extra homework when researching airdrops, and ensure to follow specific instructions given by the project teams themselves!

The opinions expressed on Crypto Bull are in no way financial advice and are only opinions. We are not responsible for any losses incurred as a result of reading our blog.

Hot Coins 🔥 OmiseGO

OMG (OmiseGO) - OmiseGO is a public Ethereum-based financial technology for use in mainstream digital wallets. OMG enables real-time, peer-to-peer value exchange and payment services agnostically across jurisdictions and organizational silos, and across both fiat money and decentralized currencies. Designed to enable financial inclusion and disrupt existing institutions, OmiseGO has already partnered with large names such as McDonalds, MUFG and Mizuho Bank. Omise is a payments company that has been around since 2013, the team is experienced and they already have a strong foothold across Asia - which primes them well to be able to launch the OMG network. It also doesn’t hurt that Vitalik Buterin, the creator of Ethereum, is advising the project.

Over the rest of 2018, the team’s road map is to complete building the entire OMG network alongside plasma-chain. After completion, and stress testing the network heavily, they will welcome all companies, applications, institutions, and governments to join the network of finance, banking and payments. OMG trades at $16.89 on Binance. and is ranked 22nd in market cap. There is a lot of hype around OmiseGO for good reason, and it could moon if the network launch stays on track.

The opinions expressed on Crypto Bull are in no way financial advice and are only opinions. We are not responsible for any losses incurred as a result of reading our blog.

Hot Coins 🔥 Monero, Oyster Pearl & Wanchain

XMR (Monero) - Monero is a leading privacy cryptocurrency, XMR has been the leader in private and censorship-resistant transactions for a while and for good reason. Data privacy is of increasing importance in a world where our internet personas are ever tracked, followed and targeted. Monero is among the most reputable projects in the dev community and was recently found by a group of researchers at Princeton to be the only untraceable coin. Monero does not market heavily as most coins do, which should be considered a good thing. Although the market cap rank is 12th and the coin trades at $330 USD today on Bittrex, there is much room for growth in XMR.

PRL (Oyster Pearl) - Oyster Pearl is creating the future of website monetization and distributed storage, built on IOTA Tangle and Ethereum. Using smart contracts, revenue can be generated from online content by utilizing just a line of code in the front end in the website. Website visitors contribute a small portion of their CPU and GPU power to enable users' files to be stored on a decentralized and anonymous ledger - In return, the website owners get paid indirectly by the storage users and website visitors can enjoy an ad-free browsing experience. Test net A released this month and Test net B is releasing next month, with the main net set to go live in May. Oyster Pearl is a project that has a lot of potential, PRL ranks 213 from a market cap perspective and currently trades at just $1.18 USD on Kucoin and Cryptopia.

WAN (Wanchain) - Wanchain aims to build a distributed “bank”. Just as traditional banks are the infrastructure of the current financial framework, Wanchain seeks to build a new, distributed infrastructure of digital assets to form an improved and modern framework. It uses the latest cryptographic theories to build a non-proprietary cross-chain protocol and a distributed ledger that records both cross-chain and intra-chain transactions. Jack Lu leads the team as a former senior software architect of Xerox and Hewlett-Packard, and with strong experience in decentralized technologies as the builder of Factom. With the test net going live last week and the coin set to begin trading on major exchanges before Chinese New Year, WAN should hit exchanges at ~$2-5 USD and should continue to rise from there if they are able to deliver.

The opinions expressed on Crypto Bull are in no way financial advice and are only opinions. We are not responsible for any losses incurred as a result of reading our blog.

Hot Coins 🔥 EOS, Loopring & Power Ledger

EOS (EOS.IO) - EOS is building a network that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This will include accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and/or clusters. The resulting technology is a blockchain architecture that has the potential to scale to millions of transactions per second, eliminates user fees and allows for quick and easy deployment of decentralized applications. The team is announcing a VC partnership this week and also provides incentive to hold with the announcement that they will airdrop tokens that debut on the network into the wallets of EOS holders, beginning with Everipedia. This is a long term hold, as the 365 day crowdsale is still underway and the main net network going live this summer. EOS trades at $12.80 on Binance currently.

LRC (Loopring) - Loopring is not only a protocol but also a decentralized automated execution system that trades across the crypto-token exchanges, shielding users from counterparty risk and reducing the cost of trading. At the moment, Loopring is a project for a decentralized ERC20 token exchange. The first public blockchain is Ethereum, but other blockchains with smart contract capability, such as NEO and Qtum, will also be supported in a similar way in the future. Pooling the liquidity of cryptocurrencies is a topic of increasing importance as decentralized projects seek to move away from central exchanges. LRC is a similar project to ZRX and has taken a big dip lately, it trades as $1.01 on Binance today

POWR (Power Ledger) - Power Ledger is a distributed ledger for a distributed energy system. The Power Ledger Platform permits peer-to-peer energy trading by tracking the generation and consumption of all trading participants. It settles energy trades on pre-determined terms and conditions in near real-time. POWR is an ERC-20 token that will provide access to the network. Power Ledger is set to run all applications on a new smart city project, Fremantle. Fremantle will be built in Australia, using highly resilient, low-carbon and low-cost systems installed and connected through blockchain technology. POWR offers a targeted use case with a massive potential as we move towards a greener future, and trades at $1.04 on Bittrex and Binance..

The opinions expressed on Crypto Bull are in no way financial advice and are only opinions. We are not responsible for any losses incurred as a result of reading our blog.

Hot Coins 🔥 Verge, Civic and Lisk

Week of December 24th, 2017

XVG (Verge) - Verge is a project that has been around since 2014 and aims to bring user privacy to the masses while keeping the original vision of Bitcoin alive by providing user privacy in a public ledger. Privacy enabling coins will be a crucial part of the cryptocurrency space moving towards the future.  Recently, Verge has seen a lot of deserved attention, with mentions from Forbes, Bloomberg and The Chicago Tribune; and it’s gaining more traction with further wallet improvements to be released in the near future. There is a strong developer community around the coin, and it trades at just $0.22 on Binance at the moment.

CVC (Civic) - Despite the benefits of privacy enabling cryptocurrencies, there is a large concern around Identity protection, and Civic is addressing this head on. Civic’s platform enables people to build a digital identification, and their unique product offering allows real-time authentication of identity data verified by Civic or a Civic Identity Partner, such as a government entity, financial institution, or employer.  Their development of an ecosystem that is designed to facilitate on-demand, secure, low-cost access to identity-verification services via the blockchain will prove to be of growing importance as our current world integrates with blockchain services. With just 347mn coins in circulation, and a current market cap ranking of 69, there is much room for growth in such a valuable project. CVC trades at $0.70 USD on Bittrex at the time being, and has seen steady growth over the last month.

LSK (Lisk) - Lisk is a decentralized network that is building towards enabling teams/developers to create, distribute and manage decentralized Blockchain applications by deploying their own sidechain linked to the Lisk network, including a custom token. It is unique because Lisk is written entirely in Javascript, allowing for a Blockchain framework which accelerates and simplifies development. Lisk has jumped over the past couple of weeks but is dipping a bit now, and with a rebrand and increased marketing efforts on the helm for 2018 - the future looks bright for Lisk! It trades at $17.90 USD on Binance currently.

The opinions expressed on Crypto Bull are in no way financial advice and are only opinions. We are not responsible for any losses incurred as a result of reading our blog.