Sad to say it, but all indicators are pointing sideways for NEO. It had such a massive run up in the AntShare days, but those days are long gone, and anyone who profited off of such a big move has already cashed out and moved on to another coin. There hasn’t been an important conference oor announcement in who knows how long, but what is known is that this project doesn’t look like a long term hold or short term trade. It looks overall stagnant, and I feel sorry for anyone still holding onto this coin.
Ok, so we all know NEO got hit hard during this crypto winter, but I think this is a major buying opportunity. Of course we are all geniuses in hindsight, but this is more then likely a safe point to pull the trigger on some major discount NEO. I consider everything very early, so I don’t anticipate to see real gains until 2-4 years from now. It’s always going to be a waiting game in terms investments, and crypto is no different. Place your bets and wait for the big projects. Small cap coins are a different story, and those are all short term holds.
Still one of the most sad projects in crypto has got to be NEO. Why isn’t anyone else talking about how bad this project is? The sentiment is palpable in its subreddit community, and the developers don’t even seem to care what happens or doesn’t happen to their project. It seems that the China ban truly did destroy their project, considering many other projects in the world are thriving, such as ETH, BTC, XLM, etc. I This is a great coin to swing trade, but I don’t know about its goals long term.
Ouch, NEO. I remember when this coin was over $200. What happened? It looks like anyone who held this coin got completely wrecked. I guess this is the moment where you would say to buy when there's blood in the streets? If there is a coin that is still beyond wrecked, it's NEO. Now with all that said, I'm buying this coin in huge numbers because once this gets its legs back we're going to see a huge recovery. Everyone is going to wish they at least got in with a decent sized position.
Neo used to be the talk of the town in crypto. Wow has that changed ever since crypto winter. I'm down nearly 70% because I bought back in after I thought the worst was over- boy was I wrong. Trying to trade NEO has been like trying to catch falling knives left and right. NEO had so much promise and Da Hong Fei was such a great leader, but it seems like the cat's out of the bag that blockchain isn't going to be solving any real world issues in the next 1-3 years. All these CEOs are covering themselves and going radio silent.
What has the NEO development foundation done in the last year? After the explosion from Ant Shares and the hype that ensued- whatever happened? Da Hong Fei has been completely silent and it seems that more and more projects are leaving for other platforms such as EOS. The key to crypto is relevance, and NEO at the moment doesn't have much. NEO has so much potential, and they have the power to overtake Ethereum, but the developers need to be more open about the future of NEO.
Great news, guys - over the past 24 hours NEO has grown by more than 50% on the rumors that it might be added to Bithumb. Also I've seen some twitter messages that ICO ban may be cancelled in China, that may also awaken the bulls. Some crypto managers though say it's a standard pump and close their long positions as it's the right time to fix profits.
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