Categories: Altcoins

Altcoins Daily Preview: A Cryptokitties Sponsored Finding Says Changpeng Zhao is Most Influential, NEO Steps up Development while IOTA Rally Inevitable

Click here to view original web page at ethereumworldnews.com

Latest NEO News

A Cryptokitties and Liquid sponsored publication has determined that Changpeng Zhao, Brian Armstrong and Vitalik Buterin are the most influential persons in the crypto world in that order. Well, this is absurd and while we cannot critic their finding, it beats logic that founders of centralized exchanges—and not developers—have been robed. Vitalik is influential and young. For his amazing work at Ethereum, he deserves a better position and so is Da Hongfei, the smart economy agitator and co-founder of NEO platform.

All the same, this ranking won’t affect development in anyway. Months after releasing O3 Alliance SDK allowing for dApps to link with wallets without storing private keys, the team has fine-tuned the original version, rolling out an improvement, NEO DAPI v2. The new edition is better, secure and with more pros than cons unlike the previous release.

To address some of the pertinent issues, the team worked on further simplifying user experience by standardizing information flow besides allowing dApps to accept NEO signatures as verification and authentication mechanisms.

Also Read: Swiss Bank Announces Custody Solution for Digital Assets

For security, the wallet from the new 03 NEO DAPI v2 will not only generate transaction and signatures but broadcast transaction to the network. All this is done in a user-friendly interface where the developer receives request from the wallet to perform some function via the dAPI.

With a market cap of $489 million, NEO is trading within tight ranges. Nevertheless, we expect this consolidation to be a foundation for the next wave of bulls that will take prices above $15 and even $50 in the near-time. And we have anchors for this optimistic projection. First, NEO prices are down 95 plus percent from 2017 all time high and such a plunge is often always accompanied by an inevitable correction.

Now as NEO hover around ATLs, it is likely that the short-term trend has been set and although prices are consolidating within a $3 range with floors at Dec 28 lows, a break above $10 would confirm gains of early Jan triggering aggressive buyers aiming at $10. For this reason, we suggest patience until price action is reinvigorated and prices edge past $10 resistance. After that, stops will be at $8.5 with first targets at $15.

Meanwhile, IOTA is technically bullish. From our previous IOTA price analysis, we expect prices to rally towards 40 cents and 50 cents in a bull breakout pattern.

Notice that IOTA bulls broke above two levels of resistance—the 4-month resistance level on Dec 22—and above the 30 cents on Dec 22. It is for this reason that every dip in lower time frame should be another buying opportunity with first target at 40 cents.

All charts courtesy of Trading View—BitFinex

This is not Investment Advice. Do your Research.

The Stock of the Century — Buy This RIGHT NOW!

A Cryptokitties and Liquid sponsored publication has determined that Changpeng Zhao, Brian Armstrong and Vitalik Buterin are the most influential persons in the crypto world in […]

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Overstock Will Champion Crypto Despite Cheerleader Byrne’s Exit

Overstock will continue its crypto and blockchain-centric focus despite Patrick Byrne's exit. | Source: YouTube By CCN Markets : Online… Read More

5 hours ago

59-Year-Old Fjällräven Evolves Retail Landscape by Using Blockchain-Based Cryptocurrency for Back-to-School

BOULDER, Colo. (August 22, 2019) — As brands seek ways to engage new, digital-native communities, Fjällräven, the Swedish heritage outdoor… Read More

5 hours ago

Refining The Travel Industry Through Blockchain

If you have travelled before, then you are aware of the myriads of companies that would be involved in a… Read More

5 hours ago

NBA & Blockchain: glimpse of the future?

These days it seems companies quite enjoy adding “2.0” to the end of everything: Internet 2.0, web 2.0, etc. Well,… Read More

5 hours ago

CNBC Analyst Explains Why He is Bearish on Bitcoin

Share Tweet Send Share Earlier this week CNBC Fast Money host Brian Kelly said he is short-term bearish on Bitcoin… Read More

5 hours ago

New York Gym Grit Bxng Accepts BTC Payments

Who would have ever thought that working out and bitcoin could ever go together? Well, thanks to a new Manhattan-based… Read More

11 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More