Cryptocurrencies: 1586

Market Cap: $256,465,986,308

24h Vol: $13,333,347,645

BTC Dominance: 40.94%

NEO (NEO)

Market Cap

$2,206,516,000 USD

Volume (24h)

$64,548,300 USD

4.9

SAFETY

ranking factors

Markets

How many exchanges are there to trade this coin?

NEO Markets Rank: 15/100
Volume Ratio

How actively is this asset being traded on the market?

NEO Volume Ratio Rank: 3/100
Market Cap

The total cost of all coins available.

NEO Market Cap Rank: 99/100
24h Change

Is the price moving up or down?

NEO 24h Change Rank: 50/100
Social Following

How many users are following this coin?

NEO Social Following Rank: 99/100
Google Trends

How many users are searching for the coin?

NEO Google Trends Rank: 50/100
Twitter Citation

How many users are talking about this coin in Twitter?

NEO Twitter Citation Rank: 56/100
User Voting

How popular is this coin among Cointobuy community?

NEO User Voting Rank: 97/100

NEO investment analysis

Sometimes, I like to think of the cryptomarktet as a grocery store where there are so many branded and unique items, each standing out for one purpose – to be bought by a customer.

NEO investment is worth consideration because this blockchain platform stands out for a specific uniqueness among other cryptocurrencies, which is the ability to create a smart economy.

There are reasons why investors are and should be looking into this platform both for good and the not so good aspects:

It is community-based but still centralized.
As of the time of this writing the currency is among the top 6 cryptos.
Uses a trio combo to establish platform functions – digital asset, digital identity and smart contracts – of which a smart economy is generated.
It’s of Chinese origin – once leading crypto ‘share’ holders; but of late suffers from public scrutiny and government anti-crypto flares.

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$33.95

+401.2%

$170.15

20/819

by Safety

343/819

by Profit

How to buy NEO?

The coin is quite popular, maybe not as popular as ETH in terms of developer’s choice in picking out a platform that enables the development of decentralized applications, but you won’t break a sweat looking for an exchange that lists it.

To buy NEO, like other cryptocurrencies, you need an exchange site where you can trade assets you possess for these coins and a wallet where to store them. More so, you would need to know ahead of time if you have the trade base-pair on the exchange platform, if not you can buy using your credit card.

The next thing is to buy either at the market price or at a set limit (assuming you want it as a tradable asset). Once you’ve bought the asset, storage is up to you, you can decide to store on a web wallet or choose between a mobile or desktop wallet application.

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Arguably, while this coin has potential, one that almost rivals that of Ethereum, it still stands on shaky grounds because of its origin. Until these jurisdictional purviews are dealt with (not just in China alone), and even more with exchange regulations, I would recommend that investors thread or trade carefully with as much caution as possible.

Notwithstanding, as it’s often referred to as the Ethereum of China, I think Da Hongfei, NEO’s brainbox would incline more to think of it as being better, seeing that it would have better compatibility across other applications and have the scalability advantage missing in Ethereum.

There’s a possibility that my assertions may tilt; however, should China give more room to cryptocurrency activities in its province, there might be a massive adoption of this currency.

But looking unto the brighter side of things, the technology behind the platform is succinct for the objectives they set for themselves: ‘aiming to be the platform for a digital smart economy‘ – futuristic, I’d say.

So, they are more concerned about the next big thing in blockchain enterprise and do not necessarily concern themselves with the immediate functionalities but rather are looking closely into the future.

Blockchain as we know it started out like ‘cave-man’, rudimentary and confusing – at least to the larger part of the system, it was proposed to. But the likes of Ethereum ushered in dApp possibilities and many other coins gushed out.

This might be another opportunity for a new economic infrastructure that we are currently not equipped to handle. But NEO talking about a smart economy through digitizing of identity and smart assets linked to them could mean the next generation DLT system transcending web 3.0.

At the risk of sounding like a troll, it’s quite obvious though that they currently aren’t so much after the dApps’ market, they are heavily invested in the future of the blockchain dApps.

They also have massive community support of over 289,000 on twitter and 27,000 on facebook.

In conclusion, this isn’t necessarily an investment advice per se, but an insight into the economic potential of NEO, investors are urged to carry out their own due diligence before making decisions.

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Richie 4/28/2018

Experts are fairly bullish about NEO and its cousin Ethereum. Experts also believe that, it has the potential to supplant Bitcoin; this is primarily due to its innovative kickass blockchain tech. Like all cryptocurrencies, NEO will tend to follow the rest of the market. Like most cryptocurrencies, NEO is fairly volatile. You should expect to see some dramatic ups and downs. The main move for NEO is based on the state of the market in China and any regulations in that region, particularly when Chinese businesses start using NEO as their standard blockchain solution, that will cause a major spike in price. Well I am still watching.

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