In a couple of days, we see the price of NEO jumped astronomically to a really good price of $ 46.04 its around 35.30% rise up. The NEO is just on the beginning taken the consideration other coin in the market. In my view, it will get soon number 3 Spot. Now it’s on number 7 but it will make the way to go up in next 2 months. Currently NEO had 2.1 Billion market Capitalization. NEO is consistently growing if you look at reddit there is 12,000 readers.
Image Credit: Ethereumworldnews.com
NEO and Ethereum is very much similar lot of people call, NEO is a Chinese version of Ethereum. But the fact is NEO is much more superior then ETH, like you can create ICO's on NEO platform. There are a few contrasts amongst Ethereum and Antshares, especially in the innovation by which they are fabricated, and all the more particularly, their programming dialect. Antshares is good with all coding dialects, while Ethereum just works with Solidity. Antshares' similarity with all dialects is required to produce a greater after of clients.
Let's analyze the Chart of NEO, on 26th June the first boom of NEO price from $ 1.91 to $ 8.06 its almost $ 6.5 Dollar then fall and stable at $8 to $10 for 38 days. On August 7th price hit $34 dollar. We basically went up 160% essentially in a week it’s a massive run so it’s not usual pausing anywhere I am really expecting there is any Crash in next few weeks, might be it will little bit fall but it will resume to the same point again in 18 to 24 hours. in longer term I do expect the NEO will go up higher. Currently a Volume is very decent 98,657 BTC. What I expect it will reach $100 in October 2017.
Image Credit: Coinmarketcap.com
NEO has been rebranded from the first 'Antshares'. NEO tokenizes confirmations of responsibility for resource and not simply the advantage, subsequently considering the greater part of the legitimate difficulties and commitments that may accompany the exchange of offers, value and resources. NEO speak to a responsibility for NEO stage and enables clients to purchase NEO (ANC) and to vote on convention changes on the NEO blockchain.
NEO is an ownership like a stock each NEO you hold will give you a voting right, you can also be generating one Gas during 22 years of period. Now question may arise what is Gas?
Gas is a token on the blockchain any company want to change the asset they have to acquire to pay in a gas as a service fees. If you want to create an ICO on NEO platform you need a gas to do so, going further there is a way to holding extra gas and this is on top of the One total gas which will be given to you in the duration of 22 years this is true value of NEO. If you getting a full gas even potentially lot more gas distributed to NEO holders.
This is distributed proportionally for an instance: if you had 100 NEO or 1 NEO you all get the proportionate of same percentage, obviously, you will get 100 times more because you had more NEO but the percentage per NEO is the same. Essentially with that being said the vote transaction fees in the NEO platform create more user if they wanting to get their asset registered and exchange in the platform. when that happens more gas will be given to NEO users.
So as more assets are registered and trying to be exchange more transaction within that and with those transactions occurring you are giving more percentage of transaction in a NEO Gas payment to your NEO address. So, you will continue to compound more gas as the NEO platform grows. This opportunity is endless you can grow endless amount for your NEO coin which is really exciting even the gas goes up a higher value per coin basis the NEO then you can be generating more than one gas for your NEO and holding NEO really shows the value.
For me it’s a better long term Investment, to prove this point: NEO is a governing token the value of NEO will be grow while the usage of system and gas is utility token the price of it should be stable. So, with all that being said its clear to me NEO and NEO Gas both had intrinsic value with respect they both two differ way, the both are good in their place.
NEO is like owning the house, it’s like owing a little portion of entire blockchain platform and then you also generating more than one gas by owing the proportion up to as many as the platform grow too, and that opportunity could be a really large amount as gas consistently grow you going to see that you are really compounding. So, this is why I believe the NEO is better and the long-term Investment. What I suggest buying both NEO & GAS is better opportunity right now to hold for long term goal.
I recommend purchase NEO over Gas because I see the value of generating gas and holding the NEO coin as being a very valuable proposition. you may have seen the risen price is just started its a new beginning I hope this article will be helpful to Understand and after you will able to make decision about Invest or Not. let's sum up all, NEO is a very beneficial project for those who make investment for long-term, In my opinion the NEO price will hit $ 100 in the month of October 2017. So, it's choice to Invest some amount in NEO.
Comment your Opinion about NEO