Neo formerly known as AntShares. I have been following neo since last year August due to its impressive performance. It is number 9 according to coinmarketcap and is gradually gaining popularity and momentum.
It hit an impressive peak in August that was 50 dollars and it is currently at an all-time high of 160 dollars. Its 2d, 1m, and 3m charts show good and steady performance.
Neo is definitely a good coin to look into for long-term investors. Even though buying neo at an all-time high might not be the best investment advice a prospective investor should rather study the chart and try to look for a good entry point.
Neo is a smart contract eco-system similar to ethereum. It allows users to automate the storage and exchange of digital assets. Neo smart contract is called neo contract. The neo contract is easier for developers to start developing applications for since it uses more common coding languages than ethereum. it uses c#, java, c+ and other common programming languages, eliminating the need to learn a new programming language. Developing a smart contract with neo is smoother than ethereum and less buggy.
With the increase in the ethereum based icos, ethereum is been faced with scaling issues. There has not been a solution to this issue as at now, this is why neo is coming into the picture as a possible replacement for ethereum.
Neo is one of the best performing coins for 2018 so far. Neo is a chinse project based in Shanghai which could be a little bit of a disadvantage because it could be vulnerable to regulations from China. Neo throughout 2017 has been able to compile with Chinese regulations, this is why neo is booming now.
There were also a lot of concerns about China banning ico (initial coin offerings) which may affect neo’s future but it seems to no longer be an issue.
While ethereum is developing in response to new demand what neo is doing is actually developing in anticipation of future demands. It’s using a protocol that facilities cross-chain transactions, that does not compress smart contract that is executed on different chains.
Its uses quantum computer proof technology which means that encryption cannot be hacked by quantum computers. Quantum computer can threaten the security of bitcoin.
Neo plans to be able to handle over 1000 transactions per second and the goal is to be able to handle 10000 transactions per second.
PRICE PROJECTIONS FOR NEO:
Given that ethereum is about 17 times the market of neo and neo as only two-thirds of the circulating supply of ethereum. It seems to be very undervalued. Neo’s market cap is currently around 10 billion. The price going to the $1000 range is very reasonable and possible.
Neo also uses gas in a similar way with ethereum. Neo pays people who hold gas in the right places with gas. Gas is about half of neo’s price.
This website: neo https://neotogas.com which can help you calculate the number of gas you get per neo you hold. For a 100 neo you are holding you get 11 gas in a year, this is similar to dividend given on stocks.
To hold neo go to www.neo.org and download the wallets that is fit for your operating system (Windows, Linux, Android and others).
You could also buy and hold neo on www.kucoin.com and www.binance.com. These are the two exchanges that give you gas for holding neo with them
