As I mentioned and predicted before, NEO will be consolidating between $33USD to $37USD range. It is already happening as I write this post, however, at the end of my previews post I mentioned that price can change drastically if know the official news from China are confirm for ICO regulations. Well, the good news have been confirm and so it is very likely that we will see NEO above $70USD very soon.
I really don't know exactly the details about the regulations yet, and this is because I know the day that will be announced only. You may wonder how do I know that these are good news right? Well I have a GOV insider who provide reliable information about this subject.
The good news is that NEO founder was consulted several times from China GOV in order to understand better the ICOs and then come up with a optimal regulation. The down side of the story is that GOV never provide an official statement or I should say a endorsement of any kind to these collaborations. (There is a reason behind this) and here is where speculation begins! there is a rumor that China is going to endorse some crypto including NEO, however, there is something better to come...
There is something about to occur between China GOV and NEO, however, I was told that I should not share this because it is not official yet, therefore, I'll wait until this is confirm. Stay Tuned!