NEO (NEO) Analysis
Market Cap
$1,264,619,174 USD
Volume (24h)
$364,534,057 USD
Top cryptocurrency services
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.
The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.
The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.
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.
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.