IT'S ALIVE! NEO is back to the $30 mark
Still the Chosen One?
We all saw how dreams were getting destroyed through the weekend and the beginning of this week, with one the worst drops in months, many crypto currencies and tokens almost saw their financial end. The Chinese-based company was one of the protagonists on this dramatic fall. The price per token went as down as $16! After all the hype generated just a few weeks ago, when we all call it the Chosen One, when NEO token was around 50 bucks, the drop was like a slow death to be await, but today, we might think different... It is alive.
After all the speculation and news from China the market stop believing in what NEO was representing. The short term ambition to make NEO the new Ethereum (everyone wanted to see the NEO token above $100) the Initial Coin Offerings were the perfect vehicle to launch the company to the stars. Now we have to hide our teeth and calm down, ICOs are not gonna happen, at least no in the soon future, but this is not the end. With more and more news from China we see how the ban was just a break to crazy fever. NEO protocol and other projects represent much more than just the opportunity to monopolize the ICO market in China.
In the last 24 hours we have seen how the "shopping" time during the drop actually gave confidence to the project no matter what the Chinese regulations might be. The price of the token went from about 20 dollars to its last "stability" mark, around $30!
IT IS ALIVE!
So, what do you think? Is NEO a Walking Dead or Rocky III?
Please share your thoughts in the comments. Thank you for reading.
Cheers!
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now I see the crypto currencies even in my dreams
great post!
lets hope this sea-saw situation in crypto currencies gets only one direction...... UP!! UP!!! AND AWAY!!!!!!!!!
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A strong revival. The Power is strong in this one.
haha
Thank you for reading!
This post has received a 0.21 % upvote from @drotto thanks to: @banjo.
great thank's for this post I have upvoted and followed you !