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RE: If you're going to HODL; why not earn more - Part 2
As a newcomer it seems ARK is better than NEO. What I have notice though is NEO rises a lot more than ARK so I assume the interest earned is rising too. Hard to decided either ARK or NEO with a small capital to start.
Hi @mawit07 , I don't think it's always that straight forward between the two as they have very different histories and objectives. Neo (previously AntShares) has been around a lot longer and jumped up significantly in price mainly after a simple rebrand to 'Neo'. It was already getting a lot of attention as many news articles were promoting it as the "Ethereum of China". This then led to many in the west wanting to get in on the "China Crypto Boom". Many things came together at the same time for it and it's remained around it's current price since the rebrand. To my mind, Neo is basically an improved Ethereum and I fancy it over Ethereum. Ark on the other hand is a much more innovative and new. It basically wants to be a connector or 'Bridge' between all different blockchains.
There is a clear price difference between the two but if you look back just 2 months on both, you'll see they've had a fairly equal share of increase in value vs BTC.
Ark has a lot of infrastructure and Neo has a lot of community. I can't tell you which one is better, but Ark and Neo are my top two holdings with Ark being 4x bigger in USD value to my Neo position. Both are long-term for me and I'm not worried about either (even when they take a 20% price dive).
I hope this is helpful.
Yes thanks for your openness. I upvoted your post as gratitude. I like Ark too and have looked into it myself. It was one of my first discoveries with DPOS. I have very little understanding of Ether therefore the same with NEO. I know a lot of crypto investors rave about smart contracts and all, but I still need to get myself up to speed with that. I like investing in things that I can understand or at least understand why they are worth investing.
Thanks! Really appreciate the upvote and kind words! I'm right with you on only investing in things you understand and can really get behind. I haven't a single position in my portfolio there just to follow the crowd.
Good thing is, there's a ton of material available on Neo and Ethereum, so you shouldn't find it hard to catch up. There's a good article HERE that summarises well. It's a little dated now after Ether upgrades, but might be good to see where they stood a few months back before the Neo boom.
Happy hunting!