What to expect from Bitcoin in the coming months

The year is only two months old, but the crypto currency NEO has already experienced some ups and downs. The true potential of the platform is only insufficiently reflected by the course of the coin. Let’s take a closer look at the direction in which the NEO project could develop this year.

Almost a month ago we presented possible alternatives to Ethereum in terms of Initial Coin Offerings. While Ethereum currently offers the dominant platform for the launch of ICOs, at the beginning of 2018 a number of other blockchains are already intruding which Bitcoin Evolution also provide the necessary technological infrastructure. Among them, NEO is probably the most promising platform when it comes to contesting Ethereum’s supremacy.

Bitcoin Evolution experienced some fluctuations

NEOs Coin has experienced some fluctuations over the past two months. Within less than 3 weeks, the NEO exchange rate fluctuated between 196 US dollars and 66 US dollars. Thus, even the fluctuation represents about two thirds of the high https://www.onlinebetrug.net/en/bitcoin-evolution/ for this Bitcoin Evolution period. As with virtually all crypto currencies, NEO was hard hit by the turmoil in East Asia in mid-January and the general price slump at the beginning of February – both dents are clearly visible in the chart of the price trend – but should not hide the fact that the Chinese coin is generally still on the upswing in 2018.

How accurate is the comparison with Ethereum really?
Let’s take a closer look at the matter and see what new things we could actually expect from NEO this year. Even in the pre-NEO era, when Coin was still listening to the name AntShares, we were already talking about the „Chinese Ethereum“ with regard to Bitcoin Evolution the still young platform. But how accurate is this comparison?

The project was already founded in 2014. The underlying idea was and is to transform the traditional economy and society in the areas of digitization and automation and to move towards a Smart Economy. The NEO blockchain uses technologies such as peer-to-peer networking, dBFT consensus and smart contracts. The functions and possibilities are therefore different from those of Ethereum and sometimes go beyond them. (For a more in-depth technical analysis of the coin, please refer to the early contribution to AntShares in the series „New Coins on the Block“).

ICOs on the NEO blockchain
Since the beginning of the year, NEO has been on the move like the fire brigade and has already launched four new ICOs on its blockchain in the first two months: DeepBrain, QLINK, Trinity Network Credit and Zeepin. Together with the token www.onlinebetrug.net/en Red Pulse and Gas, the Treob fabric of the NEO platform and in existence since the end of October 2017, six tokens based on the NEO blockchain are currently listed. Of these, Zeepin is ranked lowest at 275, and all other NEO-based tokens are placed in the Top 200. Thus NEO delivers the best balance of all development supporting platforms according to Ethereum.

Whereby we are already again with the big comparison with the Primus. Despite all the differences, this comparison will certainly not be wrong for the makers of NEO, at least NEO, similar to Lisk, strives to build an entire ecosystem on the company’s own technology. NEO’s website therefore also states that it is working on the creation of an entire decentralised „Smart Economy“. NEO regards digital assets, digital identities and smart contracts as essential building blocks for a smart economy.

Australia: Entrepreneurial talent plans country’s first cryptobank

Australia could get its own cryptobank within the next 18 months. That is at least the plan of Fred Schebesta, one of the country’s youngest self-made millionaires. The new bank would be the first of its kind for the Australian continent.

While heated discussions about the ups and downs of Bitcoin and its associates continue in Germany, it is easier to keep a cool head in the southern hemisphere. Fred Schebesta, a 26-year-old entrepreneurial talent and co-founder of the comparison portal Finder.com, is not impressed by the much-quoted talk of a „crypto bubble“:

„People were talking about a bubble when the Bitcoin rate was 10 US dollars, 100 US dollars, 1,000 US dollars. After the $100 mark, it fell to about $12, which is significantly lower than its fall from $20,000 to $6,000,“ Schebesta said,

Schebesta told the Australian news website news.com.au. His crypto-optmism is reflected in a new „billion dollar project“: he wants to found Australia’s first cryptobank.

Interest is booming
Just because the Bitcoin course has fallen after its record high and people have been upset is not to be confused with a dwindling interest in crypto currencies. Quite the opposite:

„Interest is booming. I was at Consensus in New York, along with 8,000 others. […] New technologies are being developed, it’s like the transition from Basic to DOS. Bitcoin is like gold, it will just lie around, do its thing and keep running. I don’t think Bitcoin will die.“

As adaptation grows, so does the demand for financial services for crypto currency owners, Schebesta continues. To move one step closer to his vision of an Australian crypto bank, Schebesta says it has bought „significant“ shares in the Western Australian bank Goldfields Money. As an „Authorised Deposit taking Institution“ (ADI), the bank is subject to the Australian financial supervisory authority APRA. By working with Goldfields, Schebesta wants to save itself the trouble of applying for an ADI licence from APRA. That the bank, with a market capitalisation of 35 million Australian dollars, is one of the small fish – a gift:

„It’s a small business, but a bank – and the only bank in Western Australia with an ADI license,

Schebesta continued. In addition, the example of Deutsche Bank shows that size and profit do not always have to be proportionate:

„Deutsche Bank has 98,720 employees. It made a profit of USD 146 million in the first quarter. Binance, on the other hand, had 300 employees and made a profit of USD 200 million in the same period. Something is going on here.“

Schebesta is focusing above all on the potential business with crypto loans. After all, lending money is the backbone of the fiat economy. Loans for crypto currencies would take them „to a whole new level“.

No newcomer to cryptospace
Even before the announcement of plans for a cryptobank, Schebesta had his fingers in the digital money business. The portal finder.com, founded by him and Frank Restuccia, also makes it possible to compare crypto currencies. In addition, together with his colleague Restuccia, he operates his own crypto exchange called HiveEx, whose weekly transaction volume is expected to be in the million dollar range. With HiveSpend, a service for the settlement of BPAY invoices followed.