Now we are even more bullish on NEO

This year NEO has quietly emerged as one of 2018's best performing cryptocurrencies, defying several market selloffs en route to new highs. The so called 'Ethereum of China' has additionally carved out a name for itself in the fast growing ICO market, in which it's now grouped with a tiny handful of blockchains which are enabling startups to increase capital through the ever popular crowdfunding model.

THe most recent rally on the crypto markets saw NEO rise to a market cap of USD$11.8 billion, and is currently listing it at 7th among all active cryptocurrencies.  At the peak of its push NEO's value had rocketed to around 120% just in the year-to-date. Nearly double that of the 2nd place cryptomarket cap listed Ethereum.

NEO's path during the last 6 months has mirrored Ethereum's both in its stages of development value as well as project development. NEO however differs from Ethereum on a number of fronts, like the capability of producing apps in most widely used and widely supported programming languauges as opposed to developers having to utilise Ethereum's solidity, this will make it a lot easier for developers as they can use their existing expertise to develop for the NEO platform without having to re-sit the learning curve required to use solidity.

NEO provides developers with the tools to digitizing assets and automate the management of those assets through smart contracts. It's probably the sole cryptocurrency that could be successful in a highly regulated China, which just recently tightened the noose on cryptocurrency miners as a part of its broad offensive against digital assets.

THis year NEO is making BIG inroads to the ICO market. There are dozens of ICO's, some already launched and some launching soon on the NEO platform, including twenty seven in the span of 2 days. Irrespective of China's regulatory future, NEO appears poised to cash in on any opportunity involving public blockchain. The company surely has the ambition, as well as has shown no problem following national guidelines.

Although speculation, the Chinese market with its fast growing GDP and large consumer markets is likely to see a huge explosion in the adoption of blockchain.  Through their actions taken on ICO's the Chinese government has shown that they realise the significance of blockchain and how extraordinarily disruptive a technology it is.  This is a calculated move to regulate and manage the technology (easier to do now than once it is well established).  China's markets are driven by private money.  Regulation supports those that play the game and the big backers, the prominent names in Chinese enterprise are all quietly backing NEO and it's associated partners such as OnChain.

The list of backers is extensive and includes GBIC, Fenbushi, Link VC, FBG Capital, Fosun Group, SequoiaDB, BitMain, NEO Council & OnChain, these names are strong indication of the potential of NEO and its ecosystem.  With the potential sheer size of the market in China alone you can understand why we are bullish on NEO and are convinced it is still an undervalued asset even with the most recent surge in value.



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The Cryptocurrency Portal: Now we are even more bullish on NEO
Now we are even more bullish on NEO
The Cryptocurrency Portal
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