Many people call NEO the ‘’Chinese Ethereum”, because of its utilization of smart contracts. And this little coin has been on a rampage as of late. It has risen upwards of 3000% since the beginning of the year.
How long will it take to catch Ethereum or better yet, pass it? When it was around the 10$ mark the crypto world was screaming for everyone to sell due to it being propped up. Now, look at it. 35$ a coin as of today. As Bitcoin rises so does NEO. Its all-time high has been about 50$, and now it's just taking a break :)
I think NEO has the potential to pass Ethereum due to the fact that it is Chinese. Needless to say, they have a higher population compared to the rest of the world, and a higher probability that it would be used by its population.
Western civilization has a tendency to be a bit narcissistic. Take the world of fashion for example. 90% of our clothes, if not more, come from somewhere in Asia. Out of all the clothes made in Asia, we, the west, purchase and wear only a small fraction of those clothes. The biggest fashion market in the world is in Asia, and yet all our magazines and tv shows tell us that we're the center of the fashion universe.
The same is true for cryptocurrencies, I believe. We are not the predominant users of cryptocurrencies. We must watch what the big players are doing. It should be no secret at this point that these big players such as Russia and China are trading with gold for oil instead of the USD. The change is coming!