Dutchyyy
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Activity: 1197
Merit: 1001
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December 21, 2020, 10:27:29 PM |
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Unfortunately, NEO failed to gain mass adoption.
The main reason is, as you said, the enormous fees compared to Ether and other smart contract chains.
I think we will witness an even greater decline in NEO usage in 2021.
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bitkanu
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December 21, 2020, 10:50:52 PM |
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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.
It's not a weak chain but it's a failed chain to attract the mass adoption from the various developers who have developed the crypto and defi platforms right now. That's why the big update that promised by the team was not giving a huge impact on the price of NEO. That's in my opinion but it looks like true consider from the current price of NEO is not even volatile. This could be the end for NEO platform. |
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imteaz
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December 22, 2020, 12:14:15 AM |
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Neo is based in China, When China crypto boom starts, NEO will be the Eth of China. Currently, it is showing some weakness, along with many coins because the altcoin bull market hasn't even started. So we all have to wait for the altcoin bull market, hopefully, it will moon soon. But nobody knows when... Waiting is the game...
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7d2mine
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December 22, 2020, 04:58:21 AM |
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I mean, NEO had a lot of factors going for it initially. Getting it onto binance with them automatically paying out the dividends in neogas was genius - but the lack of real use case / adoption scenarios in practice, coupled with the price decline (which I maintain is due to investors NGAF about this coin) has been disastrous. Seriously I held this coin for years, gave it a fair shot.
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kapalmabur
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December 22, 2020, 07:52:17 AM |
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Currently NEO has upgraded to NEO3, yes, even though it is running a testnet,
I have to admit that NEO after 2018 many projects on the NEO platform died,
so this resulted in reduced users in the NEO ecosystem,
yes NEO is indeed one of the best smart contract projects other than Ethereum and TRON,
but if they don't provide convenience to the projects that are on it then NEO will disappear from the radar.
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paglarhat
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Activity: 99
Merit: 10
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December 22, 2020, 08:07:32 AM |
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I don't know the details about NEO 2.0, if anyone knows the details about NEO 2.0 please let me know.
I have NEO on my investment list.
So knowing about NEO 2.0 is essential for me.
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irixo10
Full Member
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Activity: 1078
Merit: 104
GoMeat - Digitalizing Meat Stores - ICO
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December 22, 2020, 09:07:38 AM |
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Neo is one of the good blockchain platforms we have, but they are not always in spotlight like Ethereum. Also, I remember vividly when Neo platform was highly sought after which of course made many projects to build on it, but nowadays most of those projects if not all are no where to be found and hardly is any project leveraging the Neo platform again; maybe those projects are not solid or they find it hard growing on Neo platform. Nevertheless, I think the team within Neo should work hard on their platform to bring up to an exceptional rate such that, it can be sought after like before, this is because the crypto space is getting highly competitive and every team needs to ensure their platform keeps growing.
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bitkanu
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December 22, 2020, 09:35:33 AM |
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I don't know the details about NEO 2.0, if anyone knows the details about NEO 2.0 please let me know.
I have NEO on my investment list.
So knowing about NEO 2.0 is essential for me.
NEO 2.0 was an old update that already fully implemented but this time NEO will be going for NEO 3.0 and if you are feeling curious about the roadmap and then you can visit here https://neonewstoday.com/development/erik-zhang-releases-neo-3-0-roadmap/NEO 2.0 failed to bring the hype for NEO platform and the old supporters of NEO have been leaving this project. |
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shiming
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December 22, 2020, 09:46:36 AM |
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NEO performed very well in the last round of bull market. Since China cracked down on exchanges and coin-owned blockchains, NEO has chosen to go abroad for development. It is still in the early stage of development, and there is still a little distance from TRON and EOS in terms of popularity. NEO and ONT is a very good pair, the situation is similar, I don't know how it will perform in this bull market.
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Bitcoin Miners (OP)
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Merit: 100
Roobet
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December 23, 2020, 03:45:59 AM
Last edit: January 12, 2021, 04:13:35 AM by Bitcoin Miners |
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Currently NEO has upgraded to NEO3, yes, even though it is running a testnet,
I have to admit that NEO after 2018 many projects on the NEO platform died,
so this resulted in reduced users in the NEO ecosystem,
yes NEO is indeed one of the best smart contract projects other than Ethereum and TRON,
but if they don't provide convenience to the projects that are on it then NEO will disappear from the radar.
I also waiting how Neo 3.0 perform and they can creat a more convience in their ecosystem and the connection between other ecosystems or not. If they do it well, the growth of price is unbelievable in 2021 and further because the price gap to reach its old ATH is very big. |
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paglarhat
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Activity: 99
Merit: 10
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December 23, 2020, 04:33:38 AM |
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I don't know the details about NEO 2.0, if anyone knows the details about NEO 2.0 please let me know.
I have NEO on my investment list.
So knowing about NEO 2.0 is essential for me.
Thank you very much sir.
I went to your advice and the link you gave me, to be honest I was very helpful.
Good luck to you sir.
NEO 2.0 was an old update that already fully implemented but this time NEO will be going for NEO 3.0 and if you are feeling curious about the roadmap and then you can visit here https://neonewstoday.com/development/erik-zhang-releases-neo-3-0-roadmap/NEO 2.0 failed to bring the hype for NEO platform and the old supporters of NEO have been leaving this project. |
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paglarhat
Member
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Activity: 99
Merit: 10
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December 23, 2020, 04:38:54 AM |
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I held some NEO coins.
Want to hold some more NEO coins.
Would anyone please help me with this?
I am a cryptocurrency lover so I love holding cryptocurrencies all the time.
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Debonaire217
Sr. Member
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Activity: 644
Merit: 364
In Code We Trust
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December 23, 2020, 08:08:28 AM |
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Unfortunately, NEO failed to gain mass adoption.
The main reason is, as you said, the enormous fees compared to Ether and other smart contract chains.
I think we will witness an even greater decline in NEO usage in 2021.
Maybe NEO has its "enornous fees" becausw it was made from China and Chinese goverment are most likely a room of capitalists people. They may be using it to popularity, to become wealthy, and to gain power. Why would the Chinese government disagree with the use of bitcoins but then established a new coin. It basically targets Asians since China is from Asia and it has more power in that region than in western countries. Although, this may sound great for the blockchain technology but knowing Chinese government from the news I think there will be at stake here. |
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