As the other coins are going down NEO is actually looking pretty good today! we all know how crazy the Bitcoin has been for the last couple of weeks and resulted it alcoins going way down. The crazy run up that Bitcoin had did not really made the altcoins benefit in any way. The only thing is that some of them were at extreme discounts if you look at the price against bitcoin. Of course they all have their ups and downs, but as a whole if you look at the bigger picture pretty much all of them have been going down against Bitcoin for the last couple of months (even when they go up in USD value). But maybe it is about time to see a comeback from the altcoins. Usually when there is too much hype around Bitcoin and a lot of institutional money and a lot of FOMO is pumping the price way too much, we see a fair dump.
In those situations in many cases the money from Bitcoin move to alcoins, resulting their price going up and it looks like today is NEO's turn. It went all the way from 28$ to 38$ in the last 24 hours. We saw something similar with other altcoins which made public announcements about things they will be doing and in that way pumping the price. It happened with ripple a couple of days ago, but then we quickly saw a sell of, after that it happened with litecoin which got the price up to 75$. Is that randomly altcoin pumping going to continue, or we will see a nice long term tendency of alcoins going up, only time will show. I personally think that NEO is a great long term project and I support it. Share your opinions on the subject.