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WHY NEO/ Antshares?
As you can see, NEO has provided amazing returns in the past (over 2600%). Along with previous performance, a crucial factor that pushes a cryptocurrency to success is strong fundamentals, and NEO has plenty.
We need to measure NEO’s performance on factors such as technology, the team, market acceptance, community etc.
Support from the Government of CHINA
After all China FUD against cryptocurrencies and ICOs and all the comments about planning to ban cryptocurrency mining led to a crash in market prices NEO is still one of their own cryptocurrencies and they have treated it favorably. Not only that, but it is also being used by many major businesses in the nation such as Alibaba and Microsoft China.
Considering the huge size of the Chinese market and the impact China has on the overall economy, this factor could provide a major boost for NEO.
Tech
NEO has one clear advantage over Ethereum — the ease to code on its platform. Ethereum developers need to learn Solidity to code smart contracts.
On the other hand, NEO supports common programming languages such as Java, Python, C++ etc., making it a very attractive option for developers.
This could be a game changer for NEO as it makes the platform more accessible to a wider range of developers.
SMART ECONOMY
After Ethereum became the next generation of blockchain with the creation of smart contracts that could digitize all kinds of agreements.
NEO does all of that and much more. NEO is bringing in the concept of a Smart Economy where even any real assets can be digitized.
So, for example, if you rent out your home, you can enter into a smart contract with your tenant. You could insert a condition in which a digital key of the house is shared with the tenant only when you receive the rent.
This idea of a Smart Economy could really be the future, and NEO is currently leading this concept.
Some of the key features of NEO are:
NEO coin cannot be divided. So, you cannot make a transfer like 0.5 NEO or 0.11 NEO. NEO can be considered similar to the stocks of any company, which cannot be divided.
GAS. By holding the NEO coin in your wallet, you earn GAS which can be used to make transactions on NEO’s blockchain.
Since GAS is divisible up to 0.00000001, GAS tokens can be used to pay for transaction fees generated by applications on the network. Just like how Ether is used on the Ethereum network, GAS is used on the NEO network.While Ethereum allows the programmers to code only in one language — Solidity, Neo allows developers to code smart contracts using C++, C#, Go, Java, and other common programming languages.
Predictions:
https://walletinvestor.com/forecast/neo-prediction has made a NEO price prediction of $188.26 in one year. You can see the expected growth path of NEO in the following chart.
https://smartereum.com/3442/neo-price-predictions-2018-usd-neo-price-neo-analysis-neo-news-today-wed-may-23/
the NEO price prediction for 2018 stands at $355. They have based their prediction on positive factors such as:
Rising interest of institutional investors in NEO
Technical advantages offered by NEO’s platform over that of Ethereum
NEO’s focus on the digitization of assets rather than just the digitization of the currency
According to http://cryptoupdates.net/price-prediction/neo, NEO can touch $900 or more by 2020. They have based their prediction on the fact that they would be able to capture the Chinese and most of the Asian market.
While the prediction seems to be on the higher side, we have all seen how tremendously cryptocurrencies have performed in the past.
SO,
after all you and only you are responsible for your investments, but if you are longterm investor like me, maybe this article could be helpful.
If so, please comment and resteem.
