Cryptocurrency NEO

NEO is on the rise and has taken the 11th position from Tron. Seeing how this cryptocurrency is on the climb it makes one wonder what will happen next. That being said let’s get an overview of what cryptocurrency NEO is and some other information regarding this cryptocurrency.

Who invented Neo?

This cryptocurrency was first launched in 2014 by Da Hongfei and Erik Zhang as Antshare. Thereafter it was named NEO in June 2017, its meaning is new and young in Greek. Since then It has made its mark and has now taken over the 11th position from Tron due to the market capitalization of $2.61 bln compared to Tron’s $2.49 bln. That makes us wonder who will be next?

What is Neo?

This was the first decentralized, open source cryptocurrency and blockchain platform launched in China. “Chinese Ethereum” is the nickname given to this cryptocurrency which is similar to Ethereum but has learned from Ethereum’s mistakes.

The big move for Neo is creating an entire smart economy. It has incorporated digital assets, smart contracts, and a digital identity that can be used for real-world applications and become integrated into the real economy. China could (and may) be a candidate for that first real-world application and integration – According to Brian Evans.

Why should you invest?

  • The market has seen some revived life in the last 2 months and Neo has been at the top of the revival.
  • This cryptocurrency being one of the known performers has taken a rise in the market. When you look at past performance of the currency it gives you an indication of how well it has done.
  • Neo started with decentralization in July which will kick-start a new generation of decentralization.

We have to be very careful with decentralization of the consensus nodes because the protocol of Cryptocurrency NEO is evolving very fast. We need those consensus nodes to act very quickly to upgrade, and if there is a bug or a security issue, we need them to respond very quickly. So we’re doing the decentralization process slowly, gradually and very carefully. – Da Hongfei

Where can you buy, sell and trade Neo

You can buy, sell and trade Neo securely on trading platform, which is a trusted cryptocurrency exchange SINCE 2013. With that in mind, you can trade markets all the time 24/7 365 days of the year. Buying or selling NEO is very easy. Simply select the NEO/BTC trading pair and place your BUY and SELL orders.

When is the best time to buy Neo

There is no better time than the present. According to Economy forecast agency, the price for Cryptocurrency Neo will be in the vicinity of R4380.35 – R5059.00 in May 2020 and will reach an amount of R6755.62 – R7773.59 by December 2020. Therefore if you invest around R 1542.38 today your return could be around R9254.27 in 2020.

Price of Neo?

The current price on iCE3X is +/- R728.00 at the time of writing this blog.

In conclusion, there is no time like the present to invest in Cryptocurrency. Neo followers expect great things to come for this cryptocurrency. If your strategy is aligned with sentiment trading, then NEO is one to watch!

Bonus video for some more info:

What does your gut say about NEO? Are you going invest in NEO or are you HODLING?

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Disclaimer Notice:

This article is intended to educate and should in no way be seen as investment advice or an enticement to use the platform. Bitcoin is highly volatile with big profit opportunities but you should also remember that you could lose part or all of your investment whenever you take part in any high risk investment. Bitcoin trading is not a regulated industry in South Africa, which in itself carries additional risks. IF YOU ARE NOT AN ASTUTE BITCOIN TRADER, SEEK INDEPENDENT FINANCIAL ADVICE BEFORE MAKING ANY INVESTMENTS.