In this video blog, we look at the two key factors that are prompting people to buy into the NEO project and pushing the price of the NEO coin upwards. The first one is the Ontology (ONT) airdrop which entitles NEO holders to free ONT tokens. Major exchanges such as Binance and KuCoin have already announced that they will be supporting the ONT Airdrop by the NEO Council to all NEO holders. The other factor which is pushing the price of NEO upwards is the released of a new batch of cryptocurrency ratings from Weiss ratings agency that gave NEO an A- investment rating putting it on top of more established cryptocurrencies like Ethereum and Bitcoin. We then look at whether this is a good time for Indian cryptocurrency investors to take a position in NEO.
References:
Announcement: NEO will airdrop ONT to the community: https://neo.org/blog/details/3061
Ontology Website: https://ont.io/
The NEO Council ONT Airdrop FAQ: https://medium.com/ontologynetwork/the-neo-council-airdrop-faq-4b1694928373
Binance Supports Ontology (ONT) Airdrop For NEO Holders: https://support.binance.com/hc/en-us/articles/360001183332
NEO First Project to Break into Weiss Ratings A-Tier: https://coincentral.com/neo-first-project-break-weiss-ratings-tier/
Why Is the NEO Cryptocurrency Soaring Today?: http://host.madison.com/business/investment/markets-and-stocks/why-is-the-neo-cryptocurrency-soaring-today/article_6eb57cf6-3af4-53b0-bf68-5cf21b546805.html
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Disclaimer: I am not a financial advisor. The views expressed in this video is just my opinion and not financial advice. Please consult a professional financial advisor before investing.
