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Author Topic: What about NEO?  (Read 691 times)
Abiky (OP)
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January 16, 2020, 09:38:41 PM
 #41

NEO is practically dead, and that sucks.

I invested in this project when each NEO was around $120 per coin, sold out when it dropped under $90, and now I can see that it's less than $10/ea.

As far as I'm aware there are almost no Dapps running on NEO, and both Tron and EOS have come along and stolen its spotlight as a competitor to Ethereum.

I don't think it will recover, simply because it hasn't managed to achieve anything yet, while several upstarts have already gained ground on Ethereum.

If it has failed so earlier, then the future looks bleak for NEO.

I've thought so. After all, there hasn't been any mention of NEO within the crypto space since last 2017's bull market. Other smart contract platforms like Ethereum, EOS, and Cardano have taken the lead in the Blockchain industry. There's only a select few dApps available on the NEO platform which means that adoption is very low. Without demand for NEO, you cannot expect higher prices in the future. Most people who bought NEO by 2017, have already lost a fortune. Perhaps, NEO's next release will be the biggest one yet? Or will it fail in the long run?

It's surprising to see the sentiment of people in the mainstream world towards NEO, after being more flexible than its competitors in terms of smart contract development. With a wide array of programming languages to choose from, you can't go wrong. As of now, NEO works as a source of passive income (via its distribution of free "GAS" tokens) than anything else. We'll have to see what the outcome of its development will be in the future depending on mainstream adoption from average people and developers alike.

Nonetheless, there are better and bigger smart contract platforms out there which could render NEO useless over time. I still have hope for the cryptocurrency to grow into something massive in the future. But what's happening now is telling otherwise. In the end, NEO could turn out to become abandoned in its entirety as people make use of other platforms with greater options to choose from. Just my thoughts Grin

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January 16, 2020, 11:30:52 PM
 #42

NEO should rise soon, rank top 20 in the market now and it's rank 13 in trading volume.
it's a legit coin with a huge potential and as long as there are supporters who trade NEO, it will always survive, maybe it's just waiting for the right time to pump, let's be inspired by BSV, though we don't like CSW but BSV was a good investment for short term, at least.


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January 17, 2020, 04:21:12 PM
 #43

Neo was one of my favourite coin back 2017.NEO was my 2nd or 3rd best profitable coin.Neo will rise.Already NEO is listed a top listed crypto currency in coinmarketcap. I always try to keep NEO update.As far I know Da Hongfei is doing great for NEO and I have enough believe on Neo.

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January 17, 2020, 05:57:50 PM
 #44

For once, NEO was the hottest Blockchain project in the crypto space. Prices were well above $100 per coin, and there was a lot of excitement among people within the mainstream world. With quick transaction speeds and ridiculously low fees, NEO stands up against other popular smart contract platforms like ETH and EOS. An advantage of NEO relative to its competitors is that smart contracts can be developed in various well-known programming languages such as JavaScript, Java, and Python. In the case of ETH, you'll have to learn a new programming language (Solidity) that's not as tried and tested as other languages within the mainstream world. On other hand, EOS uses WebAssembly but this language is relatively new. Mainstream developers might find it easier to develop new dApps within the NEO blockchain than either ETH or EOS.

Most recently, NEO has announced that it will be upgrading to NEO 3.0. The cryptocurrency has been rather silent since Bitcoin began decreasing in price back in 2018. This improved version of NEO might attract a lot of people into it. But the cryptocurrency needs a lot of marketing/promotion to be able to gain traction within the mainstream world.

What do you think about NEO? Will it survive? Or will fade from existence over time? Huh
three years ago I saved 250 NEO In my wallet, and today I regret losing my private keys, NEO is a good platform, but not everyone knows NEO

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January 17, 2020, 06:41:23 PM
 #45

I have been following the progress of Neo for a few years already, but am still not sure about it's future. On one hand, they have enough money to develop their ecosystem and to launch NEO 3.0, but on the other their Dapps are much less popular than Ethereum of EOS ones.
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January 18, 2020, 02:40:54 AM
Merited by Heisenberg_Hunter (1)
 #46

I have been following the progress of Neo for a few years already, but am still not sure about it's future. On one hand, they have enough money to develop their ecosystem and to launch NEO 3.0, but on the other their Dapps are much less popular than Ethereum of EOS ones.

They may have a lot of money, and the team required to build a robust Blockchain platform that will last for years to come. But, NEO is missing one key element for survival. And that is mainstream adoption. Most decentralized applications are built on top of Ethereum, EOS, and TRON while NEO is left behind in this regard. It's odd to see this, since NEO provides an extensive compatibility with popular programming languages such as JavaScript and Python (unlike ETH or EOS). Maybe the project needs more marketing/promotion? I've noticed that most Blockchain projects based in China end up being unnoticed by people in the mainstream world. Such has been the case with QTUM, Matrix, and now NEO.

The NEO team needs to provide top-notch solutions for mainstream developers and individuals alike. Only then, the NEO blockchain will be able to rise in price and mainstream adoption worldwide. Considering that there's been a slight increase in major cryptocurrencies' prices across the market, NEO is still a bargain these days. While NEO has so many interesting features, it's has a greater level of centralization than EOS. I've noticed that "bookkeeping nodes" are largely controlled by NEO's own development team (City of Zion). This is terrible for the censorship-resistance of the NEO blockchain, as we know it. Maybe that's why people have been supporting both ETH and EOS more thoroughly (as they're decentralized).

Nonetheless, no one knows what will happen with NEO in the future. While everything is indicating NEO is somewhat dead, things could change over time. At least, that's the way crypto behaves within the mainstream world. As long as NEO is still traded on crypto exchanges, there might be nothing to worry about. Just my thoughts Grin

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January 18, 2020, 03:37:36 AM
 #47

I have been following the progress of Neo for a few years already, but am still not sure about it's future. On one hand, they have enough money to develop their ecosystem and to launch NEO 3.0, but on the other their Dapps are much less popular than Ethereum of EOS ones.

Aside from actual news from NEO we should look at charts without any context to understand the progress.
And you know what - it goes sideways for 1,5+ years now.
This fact should start a certain thought process.
I highly doubt if you should keep funds in NEO.
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January 19, 2020, 03:25:13 AM
 #48

I'm particularly very happy to know that there's still project development with Neo. The Neo 3.0 is a big shot and people really need to know what Neo has to offer. I believe that some advertising and marketing would go a very long way in making projects realise how awesome  is the Neo platform.
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January 19, 2020, 03:46:36 AM
 #49

in my opinion this is a good thing for neo to continue to compete, this is actually a good momentum for neo to continue to develop and increase its value, because in the midst of a market situation that is still in a negative trend, the existence of neo with its development and also the pump, will certainly be a breath of fresh air .
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January 19, 2020, 07:58:02 AM
 #50

Actually NEO is a good project he has a smart contract like ethereum but to be able to survive it all depends on the developer how to work on the NEO project in the future if the NEO developer does a good innovation maybe NEO in the future will still be able to survive but if there is no development in my opinion just wait time NEO will be a project that will be forgotten.
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January 19, 2020, 08:04:23 AM
 #51

I'm particularly very happy to know that there's still project development with Neo. The Neo 3.0 is a big shot and people really need to know what Neo has to offer. I believe that some advertising and marketing would go a very long way in making projects realise how awesome is the Neo platform.

Yes, NEO is one of the best crypto projects so far, it's because of the platform is big and development keeps happening here, this coin is a gem, in China, still, NEO is known as second Ethereum! The fact is NEO blockchain is not easy like Ethereum blockchain! Maybe this NEO 3.0 will be good for people to know the real potential of NEO network! NEO price seems very stable, anytime it can jump to hit a higher price, which for I have been waiting for years!

Bitcoin is gonna hit 100K usd
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January 19, 2020, 10:44:27 AM
 #52

NEO project has a pretty high price in 2017 because of the huge HYPE, especially the news that NEO will be ETH's main rival, but after 2 years have passed, I think we know, NEO is not as discussed in 2017, this proves Investors are starting to turn to new coins, like Minter or Grin, or Cosmos. in other words, NEO must have better development in order to win against new coins.
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January 19, 2020, 11:14:14 AM
 #53

Currently China is preparing to launch the National Crypto.  I am wondering how NEO, NULS ... and other cryptocurrencies will exist.  While they are private blockchains and their technology looks good, where will they go?  The most disappointing Crypto is NEO, which has dropped the most seriously from over $ 200 to under $ 10.  I don't think NEO will be a good choice for future developers.  For a long time projects on the NEO platform have moved to other platforms.  This is a testament to a failure
Abiky (OP)
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January 23, 2020, 05:40:25 PM
Merited by Heisenberg_Hunter (1)
 #54

NEO project has a pretty high price in 2017 because of the huge HYPE, especially the news that NEO will be ETH's main rival, but after 2 years have passed, I think we know, NEO is not as discussed in 2017, this proves Investors are starting to turn to new coins, like Minter or Grin, or Cosmos. in other words, NEO must have better development in order to win against new coins.

Completely agree with you, mate. Back in 2017, it was all about hype. But after a while, people started to abandon NEO for the next big thing in crypto. The introduction of EOS and TRON into the Blockchain industry, has greatly diminished NEO's prominence within the mainstream world. This could've been easily prevented by increasing development and marketing/promotion efforts for the benefit of the project. For a Blockchain network based in China, NEO should've been one of the biggest smart contract platforms in the world. After all, China is the world's second-largest economy behind the US. The NEO team could've used some funding to improve its development and increase marketing/promotion within the mainstream world. By now, NEO would've been worth at least hundreds of dollars across the market.

With big players on the move, it's hard to believe that NEO will rise again to its former glory. The implementation of NEO 3.0 will greatly increase the performance of the Blockchain. But, what matters most is adoption. And the lack of adoption within the mainstream world, has caused NEO to be a forgotten coin in the industry. I hope that this year would prove us wrong, as NEO gains traction once more. Just my thoughts Cheesy

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