If aside ETH, EOS and BTC, then I would tell you NEO after I informed some news and facts of NEO. Here are some NEO cryptocurrency facts and phenomenons I concluded and want to share in a financially general view.
What is NEO?
There’re several derivative crypto funding initiated last year enlarged the market capitalization. This is a growing trend started in 2016 led by bitcoin. As the trend goes, a lot more creative blockchains are founded recently after a big climb of bitcoin price in 2017.
Especially the EOS ranks 5 out of other more than 2000 cryptos and tokens in less than a year. NEO is one of these cryptos, a cryptocurrency that has a similar blockchain as EOS does. NEO cryptos are yet released but investors who participated the funding received 50 million crypto tokens in sum. NEO price is not gradually up as EOS’s, it was a smooth flat line before the climb of price.
Why NEO price grows rapidly?
Generally, there are 3 features you should know about NEO cryptos:
- As mentioned above, NEO entered the market with good timing as the trend of cryptocurrency spread. By targeting the a general investment direction, NEO crypto sets up sooner than many of others.
- Secondary reason is that NEO based in China takes advantages of population while China has forbidden cryptocurrency exchange. Based on large population, this is not wired that NEO with possibility of government support hits 11 in market capitalization rank — more users it owns, greater volume it has.
- Thirdly, NEO is well-sensationalized. When Chinese holders hardly tunneled for crypto investment, NEO becomes the biggest choice. This is far not enough, NEO cryptocurrency optimizes advertisement of its idea in operation of blockchain (but it is a seemly straight copy from EOS) to attract good amount of consumers.
Is NEO worth to invest?
We don’t know yet. They will officially release NEO possibly in the end of this year. However, its highly ranked position doesn’t reduce the chance of risk. Typically, people realize there’re some cryptocurrency were over expected once they’re released such as ICONOMI (ICN’s market capitalization never been stable: https://citicoins.com/iconomi)possibly due to market sensationalization. Let’s wait to see if NEO is worth to invest.