NEO, currently ranked as the top 11th coin in the global coin ranking list due to its market cap of around 3.4 billion dollars, makes up for one of the top gainers among the crypto market of over 1500 actively traded ICOs. However, it seems that NEO still doesn’t get to enjoy the status of a small coin, while rather observed as a small coin and often a side investment. While the majority of crypto enthusiasts are enjoying the perks of Ethereum, Litecoin, Ripple or any of the top well-known coin, NEO, although dubbed Chinese Ethereum, doesn’t seem to be getting the attention that could match its potential. However, NEO does seem to be ready to succeed in 2018, and here is why.
NEO’s Growth in the Market
Neo is one of the rare ICO among the digital sea of 1500 different assets that has managed to rise up by over 800% in a rather short period of time. That is how a massive potential has been immediately spotted in this asset, although often foreshadowed by the fame of the well-known top five cryptos.
One of the greatest achievements on behalf of one is mirrored in the fact that NEO has had many successful funds organized for business purposes, proving that business can, in fact, bloom with the use of decentralization, digital assets, and blockchain –based technology.
In a way, the fact that NEO represents a functional ecosystem that allows for the various business to grow, its price in the market consequently went up, allowing NEO to grow in the market while being traded among the top ten digital assets, while later on losing its spot to TRON, which is thought to be one of the most prominent coins in the sphere of the entertainment industry as well as in general.
Despite being pushed below the top 10 list, NEO is still keeping up with over 3.4 billion dollars in its market cap. Although NEO is still away from its all-time high of around 162$, it can still be traded at a pretty flattering price of 53$ per single NEO, while slowly rising up to 0.07%.
NEO and Stability
Although it might not seem so, if you take a closer look at NEO’s price charts over its lifetime, you will notice that NEO didn’t have radical drops with the exception of dropping with market dips that often takes on every coin in the market.
That means that NEO comes off as a stable coin with more chances of collecting gains, in the long run, that way attracting investors that are used to these sorts of investing models rather than having investors with high rates of selling off their units in order to make a profit.
That is how NEO holders can make sure that NEO won’t be suffering from any severe losses except in the hard times during the massive market dips.
NEO and Smart Contracts
It is not in vain that NEO is otherwise known as Chinese Ethereum as NEO can compete with Ethereum when it comes to the way this platform deals with operating smart contracts.
While holding value as a coin in the market, NEO also possesses an immense significance in its platform, which makes up for an efficient ecosystem that allows developers to create their own ICOs and Dapps with the use of smart contracts, while users are not only limited to the mentioned actions as there are many purposes in which smarty contracts can find good use; for instance in business purposes, which is one of the top perks that NEO has to offer.
With a high standard platform that makes up for a secure, fast and trustworthy network, NEO can definitely smell success in 2018 with their smart contract technology.
Chinese Government and NEO
Although Chinese government comes off as more than a bit steep towards ICOs and blockchain technology, it seems that it doesn’t have anything against NEO, as this platform with its currency has been accepted by the Chinese government despite the lack of sympathy for cryptos among the top political circles in China.
As far as the crypto enthusiasts in China concerned, it seems that NEO has managed to build a wide circle of supporters while creating a large and supportive community that works on spreading awareness about NEO, smart contracts, centralization and blockchain-based technology.
However, it seems that NEO could work more on their publicity as it seems to have low activities when it comes to media coverage, which is probably one of the factors stopping it from progressing faster in 2018.