FUNDAMENTAL BRIEF:
Cryptocurrency Neocoin (NEC) formerly known as Antshares, is a cryptocurrency established in 2014. Neocoin is the last replica of Ethereum's smart contracts. It is based on the Bitcoin cryptocurrency specification. Just like the cryptocurrency king, Neocoin works in peer-to-peer technology that aims to provide innovative and instant payment systems around the world. Of course, Neocoin is an open and decentralized source, which means that no central authority or organization will be able to control this cryptocurrency.
Although this alternative currency is modeled on Bitcoin, it also has other features that make it different from the popular cryptocurrency. All this is due to easier extraction, which makes it more accessible and more convenient for traders and miners. To take full advantage of these features, you must first download the Neocoin wallet, which is optimized for work on Windows computers. After installation, you can start buying, selling and mining coins.
Neocoin (NEC) uses the algorithm script with the function of a hybrid of proof-of-work and proof-of-stake systems. The combination of these systems is refined to take into account the risk of attacks caused by the monopoly on participation in mining. This intelligent system closes the gaps that have made some agreements with Ethereum vulnerable to hackers.With this system, miners can reduce energy consumption because the generation of new coins takes place with minimal energy consumption. In this way, Neocoin mining is very energy efficient, which means you can earn more by spending less.
In total, 80 million coins will be extracted. It is about four times more than the total number of Bitcoins, but less than Litecoins. It is important that miners will not have to wait because the new blocks are generated in less than two minutes. This is what makes transactions fast online, which of course Neocoin prides itself on. However, miners have to pay attention to the difficulty of Neocoin, which causes above-average fluctuations, which makes the mining of coins a little irregular. At the moment, its difficulty is 3.5911.
For each successfully extracted block, miners will now receive 24 coins. So, if you are part of the Neocoin mining industry, you can count on your share from the extraction pool. Also, keep in mind that fees are included and you must take this into account when you receive a summary of your estimated earnings. To calculate it, use a Neocoin calculator that will help you estimate how much you can earn during the day, week, month or even a year.
Neocoin (NEC) is traded on exchanges such as Bter and Cryptsy. This cryptocurrency works equally with most alternative online currencies.
After several months of fluctuation between 0.002 BTC and 0.003 BTC (from 6 to 8 USD), Neocoin has made amazing progress in value and market capitalization. In August, Neocoin belonged to one of the five largest cryptocurrencies, along with Bitcoin (BTC), Litecoin (LTC), Ripple (XRP) and others.
TECHNICAL ANALYSIS:
After the end of the impulsive growth cycle, up to 0.01400, the NEO cryptocurrency performed a strong downward correction, abolishing more than 78% of the range. The demand activity was revealed after the downward trend line test and currently, the price is just below the local resistance level at 0.0063. A break above this level will result in another upward wave. The first target level for this wave is 61% Fibo at 0.009350, but in the long term this level should also be broken and there will be an attack on the top.
Main trend: UP
Intermediate trend: UP
Daily trend: UP / NEUTRAL (continuation of the correction)
Key Levels:
- for further increases - level 0.0063 and later 0.0065
- for continuing correction - level 0.0063 and later 0.0049
- for the continuation of drop - level 0.0049 and later 0.0037
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PPS: The next analysis of the Ripple cryptocurrencies will be published if this post receives a min. 50 likes. :)
Cryptocurrency Neocoin (NEC) formerly known as Antshares, is a cryptocurrency established in 2014. Neocoin is the last replica of Ethereum's smart contracts. It is based on the Bitcoin cryptocurrency specification. Just like the cryptocurrency king, Neocoin works in peer-to-peer technology that aims to provide innovative and instant payment systems around the world. Of course, Neocoin is an open and decentralized source, which means that no central authority or organization will be able to control this cryptocurrency.
Although this alternative currency is modeled on Bitcoin, it also has other features that make it different from the popular cryptocurrency. All this is due to easier extraction, which makes it more accessible and more convenient for traders and miners. To take full advantage of these features, you must first download the Neocoin wallet, which is optimized for work on Windows computers. After installation, you can start buying, selling and mining coins.
Neocoin (NEC) uses the algorithm script with the function of a hybrid of proof-of-work and proof-of-stake systems. The combination of these systems is refined to take into account the risk of attacks caused by the monopoly on participation in mining. This intelligent system closes the gaps that have made some agreements with Ethereum vulnerable to hackers.With this system, miners can reduce energy consumption because the generation of new coins takes place with minimal energy consumption. In this way, Neocoin mining is very energy efficient, which means you can earn more by spending less.
In total, 80 million coins will be extracted. It is about four times more than the total number of Bitcoins, but less than Litecoins. It is important that miners will not have to wait because the new blocks are generated in less than two minutes. This is what makes transactions fast online, which of course Neocoin prides itself on. However, miners have to pay attention to the difficulty of Neocoin, which causes above-average fluctuations, which makes the mining of coins a little irregular. At the moment, its difficulty is 3.5911.
For each successfully extracted block, miners will now receive 24 coins. So, if you are part of the Neocoin mining industry, you can count on your share from the extraction pool. Also, keep in mind that fees are included and you must take this into account when you receive a summary of your estimated earnings. To calculate it, use a Neocoin calculator that will help you estimate how much you can earn during the day, week, month or even a year.
Neocoin (NEC) is traded on exchanges such as Bter and Cryptsy. This cryptocurrency works equally with most alternative online currencies.
After several months of fluctuation between 0.002 BTC and 0.003 BTC (from 6 to 8 USD), Neocoin has made amazing progress in value and market capitalization. In August, Neocoin belonged to one of the five largest cryptocurrencies, along with Bitcoin (BTC), Litecoin (LTC), Ripple (XRP) and others.
TECHNICAL ANALYSIS:
After the end of the impulsive growth cycle, up to 0.01400, the NEO cryptocurrency performed a strong downward correction, abolishing more than 78% of the range. The demand activity was revealed after the downward trend line test and currently, the price is just below the local resistance level at 0.0063. A break above this level will result in another upward wave. The first target level for this wave is 61% Fibo at 0.009350, but in the long term this level should also be broken and there will be an attack on the top.
Main trend: UP
Intermediate trend: UP
Daily trend: UP / NEUTRAL (continuation of the correction)
Key Levels:
- for further increases - level 0.0063 and later 0.0065
- for continuing correction - level 0.0063 and later 0.0049
- for the continuation of drop - level 0.0049 and later 0.0037
PS: Follow me please! :)
PPS: The next analysis of the Ripple cryptocurrencies will be published if this post receives a min. 50 likes. :)
Comment:
Wave 2 correction could be completed, but it is quite short in time and in price. It is possible that it will develop into a more visible ABC correction. The key to further increases is 0.0065, the most important level now.
Trade active:
Textbook example of an impuslive wave prgoression. Next target is the swing high at the level of 0.01398. Buybackzone is 0.0077- 0.0093
Comment:
The price is about to hit the target at the level of 0.01398. This might be a top for the wave 3 and then the corrective cycle in wave 4 should start. The nearest important support for the wave 4 is seen at the level of 0.0094.
Trade closed: target reached:
The five impulsive waves to the upside are now completed. The corrective cycle now in progress.
