Cryptocurrency NEO became the ninth currency by market capitalization in the world, ahead of IOTA and approaching Stellar. According to the CoinMarketCap portal, the weighted average rate of NEO on January 14, showed a maximum of $ 173.5 (26% growth per day), market capitalization was $ 10.5 billion.
Advantages of NEO as cryptocurrency:
- Experienced developers, public company.
- Cooperation with large corporations.
- Wider functionality than the domestic Ethereum'a - this talk is long and difficult. Ordinary people just need to remember that NEO is more versatile and more thoughtful than our Russian counterpart.
- A wide range of applications of this technology.
- Active meetings and seminars.
The developers of NEO worry about the legality of this coin and smart contracts. Although the PRC authorities have imposed sanctions, the team of developers with their lawyers are already trying to find a compromise and legalize their project through regulation by the authorities. And this, in turn, will attract large capital into this technology.
Despite the sale of last year's cryptocurrency due to the news from South Korea, NEO remained one of those cryptocurrencies that continued their bullish trend. Since the beginning of the year NEO has risen in price twice, and since December 11 NEO has grown by 390%.
NEO, which is also called the Chinese Ethereum, is currently considered to be one of the most stable altcoins. While most new projects continue to use Ethereum as their main platform, NEO is gaining momentum, especially in China, where it already has some partners.
NEO is a smart assets platform and the first open source blockchain project in China. It was launched in the autumn of 2016 by a Chinese programmer Da Hongfei. A total of 100 million NEO coins can be mined (at the moment, the miners managed to get half of this amount).
Commission in the NEO system is significantly lower than in similar blockchain systems. The NEO system uses smart-contract technology, which processes information much better and faster than other existing block platforms.
Among the partner-investors of NEO platform are such companies as Microsoft and Alibaba. That is, progressive companies with worldwide reputation support and promote the NEO brand. Based on the NEO platform, the global investment fund NEST FOUND is being created, which increases the investment advantages of the cryptocurrency.
The founders of NEO are on the way to cooperation with the Chinese authorities, which will allow the NEO platform to get the lion's share of the market in the process of legalizing digital money in the Middle Kingdom, and this is one of the largest markets in the world.
Information Source: The Merkle