The Case for Oyster Protocol (PRL)

Oyster Pearl (PRL)  is a coin that has been addressing the massive problem of out of control advertising on the internet. Ads are intrusive, annoying, and can often take up a large amount of bandwidth. Oyster Pearl addresses this by empowering website owners to earn revenue without displaying endless ads, while also providing file storage benefits as well. Visitors to these sites contribute a small portion of GPU and CPU which enables their files to be stored in a decentralized ledger, also rewarding website operators with revenue based on visitors and time spend on their site. The Oyster Protocol operates on top of the IOTA tangle and utilizes Ethereum smart contracts within their ecosystem as well. They have also introduced Oyster Shell (SHL) as a way to utilize new dapps and earn revenue on the Oyster meshnet, setting up nicely for future expansion of product offering.

Despite solid progress on roadmap, having already released their mainnet, the coin has taken a greater hit than most of the market in the recent bear turn down. PRL is currently trading at $0.14 USD on KuCoin, which is 1/30th of it’s January high of $4.38 USD. As Bitcoin shows early signs of a rally, keep an eye on PRL to rebound well if the progress continues.

Photo from  www.thebitfeed.com

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.

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.

NEO - smart econ0my.png

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.