Several weeks ago I made a call that Neo (known as Antshares at the time) was a solid choice to buy. Since then Neo has risen from $6 at the time to almost $40 today. I personally have seen over a 400% increase on my initial buy.
Where does Neo stand today?
Neo is still in a very excellent position today, tomorrow there will be a Microsoft meet up in Taiwan open to people to learn how to develop on their smart contract platform.
ICOs?
There are also multiple ICOs coming up that will use the Neo smart contract platform. One of them is the Red Pulse token ICO. Red Pulse has been introduced as a Bloomberg-like entity that will incentivize users in various ways not too different from Steem.
Technology
Neo 2.0 was recently released and includes many new features such as the ability to develop smart contracts on the Neo platform in a wide array of languages including C#, JavaScript, Go and Python.
Media attention
Neo has also seen media exposure by HuffPost, and the Wall Street Daily. Crypto as a whole has seen more exposure to this space.
Break into the top 10
Neo has officially broken into the top 10 currencies by marketcap on Coinmarketcap. It is also worth noting that the total marketcap of all cryptos has reached over $140B. That is a $126B increase since the beginning of the year.
Things to watch out for
The Neo ICOs are launching at the beginning of September.
Speculative scenario: It is possible that money will get funneled into Neo based ICOs in a manner similar to Ethereum and cause a short term artificial increase in price. Neo holders are not likely to sell their current holdings to buy into ICOs so may likely buy more Neo to participate in the ICOs.
Of course there are many possible scenarios and writing all of them would be an infinitismal task.
The views expressed here are not investment advice. As always please do your own research
Cheers
~Np