NEO 2.0 is too weak?

[Bitcoin Miners]

As you know, Neo is a quite big platform with smart economy which initially known as Antshares, this project was believed to be China’s first-ever public blockchain when it was launched in February 2014. The open-source platform subsequently rebranded to Neo three years later. Neo had an impressive increasement time when from 20 USD at the end of 2017 to 198 USD in January 2018. But now, its price is diving at the bottom with around 17 USD if compare with other famous platforms which was at the same time with it such as ETH (got back 50% price compare to the old ATH). What is the reason?

1.The ecosystem didn't have much development for long time - dApps run on it almost be died or had left
   . Aphelion (APH) : died
   . Senno (SENNO) : died
   . Alphacat (ACAT) : almost died
   . Effect.AI (EFX) : had left
   . Travala.com (AVA): had left
   . And more...

Neo platform is hard to code on it because NEO and GAS aren't native tokens and there is not many utilities to support for developers.

2. The cost to creat a new Token on Neo is very expensive --> This is the very big issue for new dApps who wants to choice Neo's platform-->The amount of dApps are running is too little

As I know, we must to cost 5000 GAS (at the price of GAS now is 1.56 USD--> 7800 USD for total, and when the GAS was highest is 91 USD, the cost would be 455.000 USD). And if compare with ETH, we just need to cost 0.3 ETH, equivalent to 195 USD now and 420 USD when ETH was in the highest price --> too cheap compared to Neo

Look at this picture, you are easy to realize that the amount of dApps are running is too little compared with the rest. It is even worse than Steem (A project is out of money to develope and the team is scrambling and much unstable). Beside that,definitely active users and transactions can't compare.


(Source: https://www.dapp.com/article/dapp-com-2019-annual-dapp-market-report)

In another way, any hopes for Neo in 2021 and further?
There are 3 important elements I think that maybe help Neo find their position again are: Neo 3.0, Neo Blockchain Toolkit (code the Toolkit for Dotnet programmer), EcoBoost. Let's wait and see how the result comes out.

I hope here are some interesting synthetic about Neo and be able to help you to have a visual view before investing on Neo. 

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[7d2mine]

I believed in neo for a long time. Held onto it for like... 2 years+. It simply has not delivered any price in ages, which is why people are losing faith in it. Kind of like stocks - a company can have great ideas, but if they can't make the price go up or dish out hefty dividends consistently, investors are only going to stick around for so long.

The gas dividend was cool at first, but it has become so little it's negligible.

Also if I had to guess, most of the world is kind of bearish on doing business with China at the moment, owing to their behavior over the last couple of years. Be friendlier to the world, get more investment... Econ 101.

[Maxstl007]

I believed in neo for a long time. Held onto it for like... 2 years+. It simply has not delivered any price in ages, which is why people are losing faith in it. Kind of like stocks - a company can have great ideas, but if they can't make the price go up or dish out hefty dividends consistently, investors are only going to stick around for so long.

The gas dividend was cool at first, but it has become so little it's negligible.

Also if I had to guess, most of the world is kind of bearish on doing business with China at the moment, owing to their behavior over the last couple of years. Be friendlier to the world, get more investment... Econ 101.

I don't know about the dapps & projects running off Neo but I find Neo to be more reliable and very good for trading too, more friendly with bitcoin in terms of recovery, since 2018 when the first altcoin season fades away Neo movements is just like every other top altcoins, it's 52 weeks low on coinmarketcap was 4$ and 52weeks high was 25$, I don't understand why you said it's not appreciating in price

[RabbiTANK]

Maybe the projects that decide to use Neo blockchain are the weaklings? What is the projects failure got to do with Neo anyway? This coin is a top altcoin with insane marketcap and volume., It's ROI is over 8000%, in 2016 you can buy Neo for 0.07$ and in January 2018 Neo went up to 196$ per coin, when the bull was over it's ATH was 25$ and today it's 17$, anyone who complains about Neo ROI have no patience, this coin rocks and it's one of my favorite top altcoins

[TastyChillySauce00]

NEO is still making a good ROI but this platform is dead and there's no new project interested to use this platform again. As far as I can see that if NEO has no future. I don't care about the current price of NEO caused by it was still getting speculated by the traders but in fact that there are so many dead platforms and almost all of the platforms that have done tokenization in NEO platforms already died.
NEO 2.0 could not even attract the new comers.

[DoubleAweSeven]

I can agree, NEO is pretty much silent right now because of too much happening in ETH, Defi, and even Bitcoin. It's not a good investment at this point, I mean if you compare it to the leading cryptocurrency right now. I wonder when will NEO have its comeback though.

[Greatdev]

I will still choose neo over many new altcoins today, in crypto space old projects are more valuable than new projects, they don't die easily, If truly Neo have lost its touch it would have lose its position on coinmarketcap already, Neo is still a good a buy right now

[Eddyc]

In my opinion, NEO's problem is not technology, but the amount of competition that is increasing every day. Investors are looking for new forms of security and speed. Leaving aside the main NEO projects it could be among them but it was left behind when waiting too long or not creating something that would really impact the market. Maybe we can find their prices high but due to the community that still has hopes.

[Novatech8]

Every smart contract projects get dead and abandoned tokens running on them, NEO isn't the only smart contract with tons of failed project, you should start judging Ethereum the same way too cos it's the king of smart contract that's full of shit tokens running on its platform, it's same with EOS and others too

[cilgindansci]

I think we shouldn't criticize NEO that way. Other blockchains are also experiencing many similar problems. I have believed in NEO for a long time and they will be very successful.

[perla]

I haven't heard of NEO for a long time do they have new updates or implementation on their project? Let's just hope that soon they will make some improvements on the project right now I can't see myself buying NEO would it be good for long term investment?

[mu_enrico]

(1) ETH, (2) TRON, and (3) EOS already emerge as the big players here, so it's likely dApps developer will choose these platforms. Hence, I believe NEO already lost the battle. Moreover, a new big player like Binance with its BSC will make the dApps platform market more competitive. It's a sad story, but it's the reality we must face and move on.

But.. price-wise, if they manage to promote NEO 2.0 or whatever and create hype with paid shills, there is still hope.

[slaman29]

I lost time and resources on apps that died on NEO too. They had some great game concepts, I spent the time creating and spending but even with supposed high network speed there were many glitches and crashes (probably dapp problem rather than network though). Sad, but I suppose everyone had to go through this period at first.

[hossamdz]

I have always believed in neo as a chines sleeping giant , but with days i only realized that neo couldnt make up with the market .

i invested almost half of my capital when the price was 10$ only when bitcoin price was almost 9000$ , but with time the price in bitcoin didnt did good at all and there is lot of new altcoins in the market came after neo but with a better project and thats why their prices was better .

ps: i had to sell all my neo eventually to survive in the market, lets hope a better future for the coin .

[OasisDre]

I have always believed in neo as a chines sleeping giant , but with days i only realized that neo couldnt make up with the market .

i invested almost half of my capital when the price was 10$ only when bitcoin price was almost 9000$ , but with time the price in bitcoin didnt did good at all and there is lot of new altcoins in the market came after neo but with a better project and thats why their prices was better .

ps: i had to sell all my neo eventually to survive in the market, lets hope a better future for the coin .

Hm, assuming you invested 10$ on each Neo coin months back I believe you are already in profit, weeks ago Neo hit 25$ and now it's still at 17$, mate how is that not Profitable? Are you looking for 1000% ROI? If that's what you seek you can only get such from projects with huge hypes like those from DeFi projects and moreover if altcoin season do comes you won't regret investing on Neo

[hossamdz]

I have always believed in neo as a chines sleeping giant , but with days i only realized that neo couldnt make up with the market .

i invested almost half of my capital when the price was 10$ only when bitcoin price was almost 9000$ , but with time the price in bitcoin didnt did good at all and there is lot of new altcoins in the market came after neo but with a better project and thats why their prices was better .

ps: i had to sell all my neo eventually to survive in the market, lets hope a better future for the coin .

Hm, assuming you invested 10$ on each Neo coin months back I believe you are already in profit, weeks ago Neo hit 25$ and now it's still at 17$, mate how is that not Profitable? Are you looking for 1000% ROI? If that's what you seek you can only get such from projects with huge hypes like those from DeFi projects and moreover if altcoin season do comes you won't regret investing on Neo

i said that was month ago and i was already buying neo from high prices , dont get the market wrong because not the price of neo that highs up , but the bitcoin rose from 10000$ to 23000$ , if tend to collect bitcoin so i lost half of my bitcoin balance but in the other hand the value of my rest capital doubled.

as a conclusion , i bought neo in btc and the price dump thats why i lost my btc balance in it so technically im not in profit , you got me ? 

[Yudhisthir]

NEO and even before that Antshares had been here for quite a long period, promising different things and ideas but they have failed to achieve any grounds. They tried becoming a side chain platform, a smart contract and a dapp platform, but almost none of external developers chose their platform. Ethereum was well established and documented while newer platform like Tron provided almost free fees and quick transactions. NEO developers kept on talking about the new and improved NEO but NEO 2.0 too failed to deliver on Every aspects.

[torrantz]

I think we shouldn't criticize NEO that way. Other blockchains are also experiencing many similar problems. I have believed in NEO for a long time and they will be very successful.

Everyone is feeling free to express their opinion. So many people are criticizing NEO based on the fact that already seen by them all. they will not criticize NEO platform if the NEO platform can give a good update about the development progress. It's caused by the platform has the possibility if it will not be used for the tokenization again.

[7d2mine]

Respectfully, neo was giving lots of good updates back when I was accumulating, and the updates did nill for the price.

I know it's hard to hear it as a dev or whatever but again, we need to start accepting the reality that price appreciating is REQUIRED for a crypto to succeed. There are waaaay too many altcoins with stalled prices, without investor interest, the project has a limited lifespan.

Just my two cents. No offense intended.

[militiariko]

I do not think that Neo is a weak blockchain, also i do not agree that we should blame failed projects on the neo platform all on the Neo blockchain. The facts remain that you canot fault a failed project on a blockchain; projects failed in every blockchain be it waves, etherum  or tron blockchain. Neo is good, reliable and consistent; it is up to project developers to issue a valuable product on the neo smart contract which we can point success at.