NEO (NEO) Completes Reorganization: What Does the Future Hold?
By now it is an already established fact that NEO is one of the fastest growing cryptocurrency platforms. NEO’s focus on building the smart economy in the future driven by the highly functional platform is one of the key factors that has attracted a lot of developers.
NEO and Founder Da Hongfei have built a reputation for themselves in the cryptoverse as a formidable force. However, the most often raised point for criticism for NEO is that it is yet to achieve decentralization. NEO doesn’t look to remain that way for long as plans for decentralization are already underway.
NEO Foundation Gets a New Office After Foundation Reorganization
Barely a day after NEO announced the reorganization of NEO Foundation and splitting up into two units solely funded by the NEO Foundation, NEO Global Development (NGD) and NEO Global Capital (NGC) NEO has gotten a new workspace, in Shanghai where the crypto project is based.
NEO’s new office is just beside Onchain, a private company for blockchain solutions. NEO’s Foundation also announced in the same press release that the NEO Foundation is now co-chaired by Da Hongfei and Erik Zhang, both of whom possess decision making powers.
The acquisition and move to a new office by NEO should create more space for her staff, which should translate into increased productivity, one of the reasons why NEO Foundation carried on with the restructuring process which was first hinted back in April at the Amsterdam Conference. The reorganization of the NEO Foundation is just another step towards achieving decentralization for NEO.
NEO’s Trinity Gets the First ERC20 Token Listing
NEO has launched quite a number of ICO’s and Dapps off the NEO platform, and a lot of them have been growing quite strongly in the market, most notably GAS. Another of such is Trinity (TCN), the digital asset built off NEO has gotten its first exchange listing from BCEX.
According to Coinmarketcap, BCEX is the 10th biggest cryptocurrency exchange platform, good going for the young crypto, Trinity. NEO has benefited, growth-wise from the growth of Dapps and assets launched off its platform, hopefully, this would help too.
Price Performance of NEO (NEO)
This is one department where NEO, and majority of the cryptocurrencies in the market have struggled to get it right this month. With the bearish trend looking to kick in yet again, NEO along with approximately 70% of the crypto market are trading in the red.
NEO showed a little promise over the last two days rising by almost 10% when cumulated. However, NEO is now valued at $51.24 USD following a 2.86% decline in the last 24 hours, this is as at 06:05 UTC. NEO still remains the 11th largest digital asset with an estimated market cap of $3.331 billion USD.
Will NEO Outlive the Bearish Crypto Market?
NEO is not the only asset plagued by the bearish trend, as the likes of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and a host of other leading coins are all in the red today. NEO has always thrived in a favorable market, and would readily do so when the pieces are back together. Just a reminder, the value of NEO almost doubled in April.