I'll be honest, I haven't done much of a research on the subject but I thought I would ask directly about it here.
I heard ONT is supposed to be the next NEO.
I also see that it's one of the only coins doing well lately.
But I also read that Neo's council had bought 24 millions ONT in order to make sure they could control its value and not let it surpass them.
Is that possible? Aren't Neo and Ont supposed to be working together? Are they competitors or partners ?
1) I think this should be in the altcoin section. I'm pretty sure your post will get moved, but if not, just move it yourself.
2) After a bit more research, I heard that ONT went up because one of the board members was speaking to a large audience at some tech convention. Essentially, more people heard about the coin, and those who knew about it saw some progress by having the founder up in front of a load of people. That's why the price went up, at least according to a few users on this forum as well.
I can't comment on whether or not there are ties between NEO and ONT. If NEO did purchase a load of ONT, it would seem like that's a form of supporting the coin as well.
