Back on April 22, 2017, I predicted that Antshares (now NEO) would be the next ‘big thing’ in cryptocurrency. At the time it was 18 cents, so why did I assume it would be the next ‘big thing’?
A few simple reasons, let’s look at them one by one:
It was a Chinese company. They have the population to support the project and they are very patriotic.
It was ambitious in it’s aim to do what Ethereum does but also so much more. We know that the Chinese don’t so things by halves.
The White Paper was well written and articulated, despite being translated and the plan was solid and again, although ambitious, seemed highly possible.
The talk about the project was quiet when you searched in English, but not when you searched in the local languages. The only thing holding it back it would seem was the Chinese populations ability to buy and trade it. That soon came to an end and the floodgates opened.
I would be lying if I said I thought it would go above $5 by this time, but it did have huge potential. Now, out of nowhere, comes an equally as promising project.
Also a Chinese project BYTOM (BTM) explains itself on it’s website as being:
“Bytom is an interactive protocol of multiple byte assets. Heterogeneous byte-assets (indigenous digital currency, digital assets) that operate in different forms on the Bytom Blockchain and atomic assets (warrants, securities, dividends, bonds, intelligence information, forecasting information and other information that exist in the physical world) can be registered, exchanged, gambled and engaged in other more complicated and contract-based interoperations via Bytom.”
It has a solid team, a cheap platform to build on and allows GAMBLING. That’s the magic money making word in the Chinese market. This coin has the potential to be the next NEO.
One caveat, is the supply. NEO at the moment of writing is $47 USD and has a cap of 100 million. BTM has a cap of 1.47 billion, however only around half of that is in supply. With many saying that the price of NEO will surpass ETH the future of that coin is bright. However, when doing our projections, let’s remain conservative. We will use NEO coins value today to do our math. Neo 50 million in circulation at a market cap of 2.378 billion. Using the same math for BTM with a current supply in circulation of 651 million, this puts us at an approximate target of $3.58. Currently its sitting at 33 cents on Binance.
Just wait until it hits the mainstream exchanges. You heard it first here, don’t miss the boat.