The first time I wrote about NEO it was still Antshares and trading at $5.75.
I concluded: At a $288 million market cap as I write, it’s a steal.
Then I wrote about NEO]( https://steemit.com/bitcoin/@g-dubs/neo-is-up-99-400-in-2017-is-it-still-a-buy) again at $15.06.
In that article I concluded: It should be a top 5 crytpo, implying 3-10x gains from here.
Now we’re around $45 per NEO, hence the question, is the run over?
One way to think about this is to compare to Ethereum. Right now Ethereum trades at a market cap of roughly $30 billion. NEO is similar to Ethereum, but not as far along. So let’s assume NEO might be worth 25% of Ethereum. That would put NEO at a $7.5 billion valuation and a price of $150, or a triple from here.
DApps and ICOs are coming to NEO. AdEx just announced it would become the first dApp based on NEO and will port over to NEO from Ethereum.
AdEx (ADX) is another crypto I’ve written about. You can find that article here. At the time ADX was trading at $0.13, now it’s over $0.80. One of the key takeaways from the article – Jihan Wu is a strategic partner.
Besides dApps and ICOs there’s even bigger news. Chinese authorities are secretly forming partnerships with NEO. They’re working with certificate authorities to tie real-world assets to NEO and smart contracts.
You can find all the details here.
So is the run over for NEO? No!
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