NEO (NEO) Is Looking Like A Strong Buy: Here’s Why
The current state of the crypto market has made it difficult to choose a digital asset to invest in.
Regardless of the mammoth number of digital assets, and the faltering crypto market, some unique projects stand out and would make good investments in the long run, one of such is NEO.
NEO, formerly known as AntShares is a smart contract ecosystem just like Ethereum, however, NEO allows users to automate the storage and exchange of digital assets on the NEO blockchain.
Today we will NEO, popularly referred to as the Chinese Ethereum is a great choice of coin for an investment.
The NEO ecosystem is fast expanding
NEO is one of the fastest growing cryptocurrency platforms with its focus on building the smart economy for the future.
NEO Ecosystem already houses projects like; Neon Exchange (NEX) QLC Chain, Ontology, Bridge, Gas, Zeepin, Imusify just to mention a few.
Aside from growing at a tremendous pace, the NEO Ecosystem is driven by a highly functional platform is one of the key factors that has attracted a lot of developers.
The number of developers and decentralized applications built atop the NEO blockchain is second only to Ethereum’s.
NEO (NEO) is currently undervalued
Over the last few months, the impact of the bears has led to the devaluation of every digital asset. NEO’s current value is a far cry from its value months ago.
In February, NEO was comfortably valued above $120 and was ranked as the 7th largest cryptocurrency.
As at the time of this writing, NEO (NEO) has a trading value of $37.96 due to a price drop of 1% over the last 24 hours.
Buying and HODLing NEO (NEO) now is going to be very profitable in the future.
NEO’s ability to grow in a favorable market and the fast-growing NEO Ecosystem will help in the revaluation of NEO.
NEO has always thrived in a favorable market when the crypto market resumes its bull run (which it always does) we could see NEO (NEO) ascend in value, and perhaps scale the $100 mark and reclaim its position in the top 10 cryptocurrencies ranked by market cap.
NEO does it better than its competitors
NEO may still be behind Ethereum when it comes to the number of developers and ICO’s launched in their respective blockchains, but interest in NEO’s blockchain by developers is increasing.
NEO’s support for multiple programming languages (Java, C+, C# and many others), has seen many developers turn to the NEO blockchain.
Another thing that makes the NEO blockchain better than its mother chain is that it has overcome the scalability issues plaguing the Ethereum blockchain.
NEO’s better scalability has made the NEO blockchain a more preferred site for launching ICO’s and a possible replacement for Ethereum.
The increase in the popularity and favor of NEO’s blockchain by dev elopers and ICO launchers will play a pivotal role in the growth of the coin.
At the moment, NEO may not be the most valued coin in the market, but it won’t take long before it hits another major outbreak.
This is not investment advice. Cryptocurrencies are highly volatile assets and are very risky investments. Do your own research and/or consult an investment professional before investing. Never invest more than you can afford to lose. Never borrow money to invest in cryptocurrencies.