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After Taking TRON’s Position, NEO has no Stop

Its a very welcoming morning for crypto-enthusiasts this beautiful Sunday. All coins are in the green as they are approaching breaking point levels. Similar to Bitcoin going for the $7,000 level as it is trading at $6,827.80, all coins going to test important marks. Accordingly, NEO has the highest gain in the last 24-hours with 7.67% with a hype surrounding the platform since it overtook TRON’s position.

source: coinmarketcap

NEO Success

As many of you already know, NEO is a cryptocurrency that has been around for a while now. It was created on a blockchain that was designed to build a scalable network for smart contracts, dApps, and similar projects. Originally, known as AntShares but rebranded to NEO in 2017, with the intention to have a new beginning.

This is a cryptocurrency with a lot of potentials, and even China recognizes its might. This is important to note, considering that China is not really crypto-friendly most of the time.

Chinese Ethereum Price

source: coinmarketcap

It is not long since NEO took the 11th position from TRON (TRX) with a market capitalization of $2.61 bln. TRON is at $2.49 bln per time of writing.

it has been only three days since we reported on NEO’s price reverse on its network decentralization start. Positive reflection has been met with the community since then on a daily basis. This is a result of the election of a City of Zion consensus node into the NEO MainNetwork. The event has been named as the decentralization of its blockchain network. To have it clear, the above mentioned City of Zion are an independent group made of translators, designers and developers with a global reach that have teamed up to back up NEO core and the network as a total.

According to the roadmap, the other ones are set for the end of 2018 to enter election. They are hosted by: KPN and Fenbushi Capital with NEL and NEO.

Founder of NEO – Da Hongfei:

“We have to be very careful with decentralization of the consensus nodes, because the protocol of NEO is evolving very fast. We need those consensus nodes to act very quickly to upgrade, and if there is a bug or a security issue, we need them to respond very quickly. So we’re doing the decentralization process slowly, gradually and very carefully.”

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NEO Price Swung to 15% Increase: Cryptocurrency Analysis & Prediction

NEO price has been through some very not pleasant weeks recently for its holders and traders. Compared to the very solid rebranding ‘launch’ when it took stage under the top-ten cryptocurrencies by market capitalization, NEO/USD had seen recently very worse days. However, now the waiting and holding could be paying off as the price is on one of the most well-cemented recovery rally since the past-regulation phase.

NEO (formerly known as Antshares) price against the US dollar is on 14.25 percent recovery surge only in the last 24-hours. The pair is trading around $33.84 as time of the press.

cryptocurrency development

Source: Coinmarketcap

On Oct 2, after successfully closing above the major $30.00 mark, the price managed to climb upward to $38.20 where it met sellers as the level previously in-following to its all time high was acting as a support and now is a resistance for sellers to hit the profit-button.

However, for the moment as the price is trading solidly above the $30.00 support, there will be sessions and attempts to clear the $38.20 barrier in the near term.

neo cryptocurrency forecast

The pair broke above the resistance trendline on the hourly chart of NEO/USD, which was tanking the price from any major gain at around $32.20 and in return it could hoist up the price and not let any significant fall take place. But in the worst case, supporting points will be waiting at $30.00 and above $24.00.

neo prediction

Its trading volume is at $65 million as it reached a stable ascending-purpose with no mass sellers tanking the price causing bigger daily trading volume. Bitfinex is leading with 32.23% paired with USD, followed by Binance and Bittrex with the NEO/USD pair. Worth mentioned gains against the BTC market is taking place with almost 8.00 increase as there is no major movement in bitcoin’s side for some days now.

Now the so known “Ethereum of China” has well cemented and showcased it is worth its name as the 8th place in the top ten list has been reserved for NEO and its becoming more famous and larger every day.

If the buyers can withstand the pressure from quick-term profit, a retest of $36.00 and followed by the important $38.00 could eventually take place.

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NEO Cryptocurrency Hits $100 mln Trading Volume While Targeting $40 – Analysis Prediction

NEO has come out of a monthly long declining bearish trend and now has gained momentum of increase. NEO/USD testing the $40 major mark.

NEO against the USD – NEO taking Center Stage again

NEO price since its all time high record territory of $50.88 in mid Aug, has been on a monthly long descending bearish trend by water-diving at $13.45 on Sep 15. After finding support, the value initiated its correction and recovery while with very slow step the game was changed and it broke out of the dropping trend.

neo antshares forecast

Source: Coinmarketcap

For the moment it is trading at $37.42 with 13.70 percent gain in the last 24-hours. That concludes leading 10.82 percent against the BTC market and being the only out of the top-ten largest digital cryptocrrencies by market cap with double-digits increase.

It is very unlikely that in the first attempt or session the price against the US Dollar could clear the $40 important mark as sellers are waiting to get near that point to take their profit on the short-mid term.

In the case that it fails, support are around $33.00 and just above $30.00 waiting to be retested.

neo cryptocurrency analysis

In Aug 24 there was a test to close successfully above the $40.00 mark but could not and the declining trend did take momentum. On the other hand, as the price is going up and performing very well against other altcoins and bitcoin, in the event that the psychological mark is cleared – paths will be open for more gain.

With the ban on exchanges, and the generally anti-cryptocurrency sentiment in China, some thought NEO would simply cease to exist. However, just a week after having to repay some of its initial investors, the altcoin has regained much of what it lost.

The formerly known Antshares or called “Ethereum of China” is taking form of fame and being struck by the mainstream factor for its unique idea behind it which will of great help for demand to hoist the price up.


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NEO Economy and Unique Price Development – Recovery on Its way: Sep 30 Analysis

NEO (“Antshares” or even known as China’s Ethereum) is the most successful virtual currency based in China and the first open source blockchain there.

Very alike to Ethereum’s network – NEO uses a general idea of the blockchain and runs smart contracts on it. Smart contracts – Self-automaticaly executable terms of a specific contract.

“Blockchain technology provides us with a decentralized, tamper-resistant, highly reliable system in which smart contracts are very useful,” NEO’s founder Da Hongfei told TechNode.

To begin with, NEO creates a unique digital economy around it’s token. NEO is a full integration of digital assets, digital identity, and smart contracts, creating a fully digitized economy that will be transparent and safe, and make money laundering and underground dealings difficult or impossible. Because of the ability of the new NEO blockchain system, companies and developers will be seeking to use NEO for various applications. The proliferation of smart contracts will make investment on the NEO platform simple and safe.

Unlike Bitcoin, which only allows for the cryptocurrencies and no programming, NEO is very simple to learn and understand (unlike Ethereum), and has the ability to work with nearly every (90%) programming language available. NEO uses compilers compatible with Java, C#, and .NET, and will support Python, Go, and others in the near future.

When it comes to the price development that have taken place now, NEO is on a positive surge reaching for recovery. It has been two weeks since the price dropped to $13.42 while now it is trading at around $32.16 with 10.49% increase in the last 24-hours.

neo prediction

The NEO price surged on Monday after Dutch financial news outlet Het Financieele Dagblad published an interview with NEO founder Da Hongfei. He speculated that a future collaboration between NEO a Gov.

On top of that, the decision that Bitfinex did take for adding NEO on its platform and being able to pair with USD, BTC, and ETH did put a surge of 50% at the beginning of the month rolling. The event would add liquidity for NEO and open the gates for exposure to the major USD market.

NEO now has passed Monero by market capital taking the 9th position with $1.59 bln and a trading volume of $55 mln in the last 24-hours.

Of great importance and note taking before taking any NEO-trading action, is to see if the price creates stable trading ground above the $32.00 level to continue increasing.

The specific level did before act as a support and now as a resisting barrier which needs a successful close above for upward continuation. A change in the price development is at the ‘door-step’ as the closing-triangle pattern is near the above mentioned mark.

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NEO (The Chinese Ethereum) Takes 8th Market Place – Price Will Continue Surging $30.00

NEO – in the past known as Antshares – has taken a major step towards price recovery after its last week price ‘water deep-dive’ to only $13.29 which was almost $40 in the negative compared to its peak $50.10 a month earlier.

That was understandable as the “Chinese Ethereum” is generally a Chinese Coin with Bitfinex as the second in-lead for daily trading volume out of the exchanges that pair NEO with any currency.

NEO future

Source: Coinmarketcap

Major psychological resistance trend line was broken below the $20.00 which changed a declining flow the NEO/USD has taken since its highest spike in Aug 14 – The particular action opened gates for more increase as it is experiencing now.

With a market capitalization of $1.477 bln NEO has surpassed IOTA and Monero once again being ranked 8th in the top ten list by market cap of the leading virtual currencies pack.

With the ban on exchanges, and the generally anti-cryptocurrency sentiment in China, some thought NEO would simply cease to exist. However, just a week after having to repay some of its initial investors, the altcoin has regained much of what it lost.

Very stable performing by the cryptocurrency as it regained more than 100% increase per coin passing the $26 since its lowest $13.29.

Well cemented positioned to turn out as the best cryptocurrency and application platform in China. The crackdown could be turning out better than anybody thought for NEO.

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NEO (“Antshares”) Price on Recovery Rally: GOV Cryptocurrency possible Collaboration – China’s Ethereum Prediction

The recent stage-entered crypto-coin NEO (formerly known as Antshares before rebranding) experienced major price upward climb on Monday Sep 25 after an interview of the director – Da Hongfei (NEO’s creator) was made public by Dutch news outlet Het Financieele Dagblad.

Initially comments on the China regulation event were given out by the founder as the official were consulted with him about the ICO ban suggestions.

That was followed on a statement that there is a possible collaborative future between NEO and the Chinese Gov:

“I do not expect the government to call me in the short term and say, ‘Let’s use Neo as the blockchain technology infrastructure in China.’ But in the medium term? Why not? I think it’s possible.”

The significant steam hoisted the price up to $27.00 in a couple of hours with 25% gain in only 24-hours. This could be NEO’s highest price for around 20 days now since it continual declining pattern started the moment the value reached its all time high – approx $51.00.

neo future forecast

The market capitalization of the 10th on the list reached $1.3 billion with the recovery and the trading volume is on the rise for the moment being around $100 million.

The $20.70 resistance level was very important to be cleared as it opens doors for more gain and changes the descending flow created for more than a month now.

Even that the collaboration is sometime in the future and might not take materialization form for the holders but keeping the part of the network share and believing in the team behind it is a way to start.

One of the most promising coins on the market with its idea and enthusiasts supporting it. Let’s wait what future holds for NEO.

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NEO (“Antshares”) Price on Recovery Rally – China’s Ethereum Prediction

The recent stage-entered crypto-coin NEO (formerly known as Antshares before rebranding) experienced major price upward climb on Monday Sep 25 after an interview of the director – Da Hongfei (NEO’s creator) was made public by Dutch news outlet Het Financieele Dagblad.

“I do not expect the government to call me in the short term and say, ‘Let’s use Neo as the blockchain technology infrastructure in China.’ But in the medium term? Why not? I think it’s possible.”

The significant steam hoisted the price up to $27.00 in a couple of hours with 25% gain in only 24-hours. This could be NEO’s highest price for around 20 days now since it continual declining pattern started the moment the value reached its all time high – approx $51.00.

neo future forecast

The market capitalization of the 10th on the list reached $1.3 billion with the recovery and the trading volume is on the rise for the moment being around $100 million.

The $20.70 resistance level was very important to be cleared as it opens doors for more gain and changes the descending flow created for more than a month now.

Even that the collaboration is sometime in the future and might not take materialization form for the holders but keeping the part of the network share and believing in the team behind it is a way to start.

One of the most promising coins on the market with its idea and enthusiasts supporting it. Let’s wait what future holds for NEO.

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NEO (“Antshares”) Price Hurdle to Overcome $20 Trading Ground – Recovery on the Way Prediction

With the China regulation fear behind us and all the turmoil included, crypto prices and the community is looking for forward movement. A few weeks back when it got rebranded – NEO has taken quite the stage among the top cryptocurrencies based on market cap.

A very long and not stopping correction was experienced for NEO after its all time high, until the general market decline happened Yesterday which was followed now by a momentum of recovery while trying to battle its way through a major psychological level $20.

During the past weeks, many events have taken place to conclude with price fluctuation and swings but for NEO holders they were not so much in their favor. The volatility is very high, just yesterday the price dropped to $13.7 monthly lowest and back surging to $23.00 but not being able to close successfully above the important zone of $20 and descending lower again.

Any near term prediction would be very questionable as now so much of day trading will be effecting the total market which are affected by speculations.

The price has regained 6.31% in the last 24-hours and its trading volume is around $52 million. Its market cap is closing in to the big $1 billion target (as time of the press $966 million) – Data according to Coinmarketcap.

neo price prediction

The trading volume for the last 24-hours is above $50 million so deep-pocket whales and manipulators could be on control of the market right now. For the near term it will not be looking so optimistic as the major demand came from China and that now is dropping heavily, even that the traders based there could be looking and finding other ways to be part of the market, but until then range bound and panic selling could occur.

Binance for the moment out of the Asian exchange platforms is making any kind of benefit to the NEO market which has gone under some ICO regulations and is on the “overlooked list” by Peoples Bank of China (PBoC).

On the other side Bitfinex is having a hurdle with the market liquidity towards NEO, however this could change even that for now things are not going and rolling as they were planned to.

The NEO price will be trying and attempting to keep any kind of trend – decline or increase; and maintain it but it is of high chance it will fail as the trading volume is to low. As mentioned above we are in that stasis of the market any prediction is of the highest risk so allocation size should be kept small and play around with play money only, as time will tell.


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China Regulations Towards ICO Positive Indicator for NEO (Antshres) – Chinese Ethereum

Chinese Authorities regulations in relation to Initial Coin Offerings or known as ICOs have a high chance of being positive news for NEO – formerly known as Antshares or The Chinese Ethereum.

The Above Mentioned Regulations!

According to the source, the safety-strategy will be putting borders around ICOs, taking notice and supervising tokens and publishing investment risk alerts. In the event of a market risk, the plan concludes with a high-chance of denying and suspending all Initial Coin Offerings.

Another plan to be put on function was confirmed by Caixin yesterday, stating that movements and actions that will be taken related to ICOs will be base don an executive order formed in 1998 by State Counil.

“Illegal financial business activities include: fund-raising targeting not specific objects without legal approval, or other activities that the People’s Bank of China identified as illegal.”

Bullish Market Increase could Await NEO

Keeping in mind that NEO is already functioning under the rules and proposes, makes “The Chinese Ethereum supportive of functionality and quality” while it originates from China – NEO could easily be the countries premier digital platform.

The Community

An in-detail explanation could be noticed by a community commenter with the idea that regulations can not be missed and it will conclude with an overall-market declining phase for all blockchain-assets but the end side will be a more stable market.

“First off, to all the people who think China will ban ICO’s: That’s simply not going to happen. It would make a lot of very rich people angry in China. Let me explain.Having specific rules in place gives the market a sense of permanency and legitimacy. It reassures many investors in China that the Chinese government is watching very closely for cases of fraud, and will react in order to[sic] protect the public. That’s bullish for NEO. Incoming regulations were inevitable. Even if they weren’t, we still don’t want a series of low quality ICO’s clogging up the NEO platform. NEO should be associated with quality and functionality, first and foremost. Like all of you, I look forward to NEO becoming the premier digital platform led by the fine folks in China, and now we are one step closer to that goal.”

Soon Just good marketing and promises will not be enough for ICOs to make their debut.


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